Sell your House Now, or Wait a Year?

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The HOP (Home Ownership Podcast) Episode 102: Hosted by David Charles Allen of Village Properties. Santa Barbara has been a bit warmer than usual with temperatures in the 80’s and very little June gloom, which is often prevalent this time of year.

Interest rates remained steady with 30 – year jumbo loans at 4.875 and 30- year fixed loans at 5.625%. Sales stats were also almost the same as last week with 45 new listings, 17 price drops, 29 properties closed, 23 pending and 7 coming soon.

David notes that there has definitely been a shift in the market, with fewer multiple offers and properties taking longer to close.

David discussed all the many factors that go into the decision whether to sell your home now…or wait a year.

And finally, David and Patti chat about their fur babies at home. You can email David at david@davidcharlesallen.com or call 805-617-9311.

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Deepfake Scams Make it Look like you’re Watching a Celebrity’s Video

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From the BBB of the Tri-Counties:  Scammers are taking advantage of new deepfake technology to create videos so convincing that people hand over their money. This latest con looks like business magnate Elon Musk endorsing an investment plan, but the video is fake, and the investment is a scam.  A BIG thank you to Ayers Automotive Repairs in Santa Barbara for sponsoring Your Moment of Trust.  

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The Housing Market Already Responds to Higher Interest Rates

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The HOP (Home Ownership Podcast) Episode 101: The BIG NEWS is that the FEDs have raised interest rates, up to 5% for 30-year jumbo loans and 5.625% for 30-year fixed conforming loans. This hike in interest rates is already affecting the real estate market. As the interest rates continue to rise, some buyers may be reluctant to take out loans and cash buyers might not have to pay as steep of a price to purchase a home. This last week there were 46 new listings, 17 prices were lowered, 31 coming soon, 28 pending and 4 listings expired. If you’d like to talk to David about buying or selling property in Santa Barbara, email him at david@davidcharlesallen.com or call 805-617-9311

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The Perils of Payday Loans

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Welcome to this week’s edition of Your Moment of Trust from BBB of the Tri-Counties: If you’ve ever needed extra cash to tide you over to your next paycheck, you understand the appeal of a payday loan. Now, video ads on places like TikTok are promoting small, short-term loans to a new, young audience – and making them seem cheap and easy. However, just because it looks simple, doesn’t mean it is. Predatory payday lenders are using the platform to make dishonest claims promising instant cash with no credit checks, late fees, or interest rates. Many times, the advertisers are getting around the rules of the platform. TikTok and Meta have rules restricting ads for short term/payday loans, but some have found their way through. In this podcast you’ll learn what you should know before taking out a payday loan from a social media ad.

A BIG THANK YOU to Ayers Automotive Repairs in Santa Barbara, for sponsoring this podcast!

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Interest Rates Creep up–Still a Limited Supply of Homes for Sale

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The HOP (Home Ownership Podcast) Episode 100: The early summer weather is beautiful, from the mid-70’s to the low 80’s and there is some fun surf to be had! Buyer demand may be waning a bit and this week, there were 40 New Listings, 32 Pending Sales, and 9 Price Changes. At the end of the show, David & Patti discuss their fur babies and talk about a Japanese theme Dog Park–Tsukuba Wan Wan, where people can play with all sorts of dogs.

To contact David Charles Allen, host ot the HOP, email david@davidcharlesallen.com or call 805-617-9311.

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Avoid Home Repair Scams

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June is National Homeownership Month, an opportunity for U.S. residents to reflect on the importance of the home and its role in their lives. With a median asking price of $225,500 for a home, becoming a homeowner takes dedication, patience and smart budgeting. For many first-time homebuyers, closing the deal on their purchase is a time of celebration and gratitude. While moving furniture and solidifying paperwork might seem like the biggest obstacle to enjoying their new home, it doesn’t take long before they find their first major home improvement project. In this episode, hear tips from BBB of the Tri-Counties on how to avoid home improvement scams.

A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast!

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Special Considerations when Building in Santa Barbara

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The HOP (Home Ownership Podcast) Episode 99: Last week in Santa Barbara, there were 45 new listings and 36 pending sales–so while inventory is still low, there was some buildup in supply. While there are still multiple offers, they are now seen most often on the mose desireable listings.

David discussed buying land to build your home. Santa Barbara is unique because there isn’t much land available and building permits are stringent.

Update! Moose (David’s big puppy) is fully recovered from his recent bee sting.

You can call David at 805-617-9311 or email david@davidcharlesallen.com

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Budgeting Tips & Tricks

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People from all walks of life who set financial goals – and reach them – generally have one thing in common: a budget. According to this recent study, people are budgeting more than ever before. Budgeting is a practical way to stay in charge of your money – even when life gets unpredictable. Having a budget means knowing exactly how much is coming in and going out each month and planning where and when to spend. Plus, budgeting is essential if you want to pay off debt.

Regardless of what motivates you to budget, BBB has tips and tools to help you get on the right track to a better financial future.

A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast!

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The HOP (Home Ownership Podcast) Episode 98: Market Showing Signs of a Slow-Down

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The HOP (Home Ownership Podcast) Episode 98: Statistics reveal that the Santa Barbara market is cooling down a bit. This week there were 14 price drops and not many huge overbids. David also discusses the many industries that are affected, (from construction to service Industries) when the real estate market slows down. He also touches on the type of buyer that is likely to gain from purchasing during an inflation. Lastly, on the Fur Babies at Home segment, David talks about his big puppy Moose–who was stung by a bee and had a frightening reaction. You can email David at david@davidcharlesallen.com or call him at 805-617-9311.

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Be Prepared Before Shopping for a Home

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This year’s housing market is competitive. Prices are up, and houses are selling fast. If you are looking to buy a new home, you need to be prepared. Prospective buyers can make their offer more competitive by getting preapproved for financing before even bidding on a house. This lets sellers know that a buyer is serious and provides reassurance that the sale will close without issues. That means many prospective home buyers are shopping for a mortgage lender before finding the right home.

To get the best deal, be sure to compare all the costs and understand how mortgages work. Fortunately, shopping around, comparing prices, and negotiating deals can save you thousands of dollars. Whether you are buying a home, refinancing your home, or taking out a home equity loan, in this episode, you’ll hear tips to help make your search for a mortgage lender a success.

Brought to you by BBB of the Tri-Counties and sponsored by Ayers Automotive Repair in Santa Barbara.

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