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Aaron Marasigan | Bianchi Realty & Property Management Inc Blog

Monday, November 8, 2021   /   by Aaron Marasigan

Sellers Have Incredible Leverage in Today’s Market

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying:

"Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year."

But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR:

“From one year ago, the inventory of unsold homes decreased 13%. . . .”

What Does This Mean for Sellers Today?

With buyers eager to purchase but so few homes available, sellers who list their houses this fall have a tremendous advantage – also known as leverage – when negotiating with buyers. That’s because, in today&rsqu ...

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Monday, October 25, 2021   /   by Aaron Marasigan

Home Buying, Moving, Launching a New Business All at Once - Yes, You Can!

Article by: Charlotte Meier
Do you ever find yourself feeling that the space in your home is too small for all of your needs? Do you want to start a home-based business but feel like there's no room left for you to work in? 

If this sounds familiar, Bianchi Realty & Property Management can help you find your dream home where you and your new business can thrive.

Choose the right location
Do some research on zoning laws to make sure you're not breaking any ordinances with your new office space. This is especially important if your business could potentially cause disturbances to the neighbors, such as high traffic from deliveries or visitors, potential noise levels from machinery, etc. 
Review your proximity needs. Working from home can give you the flexibility to find much more affordable neighborhoods in Pinellas County. What do you genuinely need to be close to for your business and personal needs? This might include good school districts, parks, suppliers, or ...

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Wednesday, September 29, 2021   /   by Aaron Marasigan

What is an Appraisal

Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties.
Appraisers don’t work for the buyer or the seller;  their primary mission is actually to protect the lender who’s risking money against the home’s value.
Appraisers have to weigh factors about the property and location – including size, condition and comparable properties – to appraise its current value.
They know how to focus on conditions that affect value; dishes in the sink don’t; damage and neglect do.
Appraisals lower than the proposed purchase price can affect transaction details. The seller might have to lower the price
or the buyer might have to increase down payment or fund additional escrow.
Appraisal seems a lot like inspection, but they’re not the same.
You can think of it this way:
Appraisers report on value to the lender
Inspectors report on condition of the house and major components to the bu. ...

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Wednesday, September 29, 2021   /   by Aaron Marasigan

What are the Major Types of VA Loans

What Are The Major Types Of VA Loans?
Major Veterans Affairs loan programs described in this video include:
1) Purchase Loans.
These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage insurance.
2) Cash Out Refinance Loans which enable taking cash out of home equity to pay off debt, fund school or make home improvements.
3) Interest Rate Reduction Refinance Loans also called Streamline Refinance Loans can help veterans obtain lower interest by refinancing existing VA loans
Other programs include:
4) Native American Direct Loans to help eligible Native American veterans finance homes on Federal Trust land.
5) Adapted Housing Grants to help veterans with service-connected disabilities buy, build or modify a home suited to their disabilities.
Many states offer additional resources to veterans, too.
Talk to your home lender about your situation. ...

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Tuesday, September 21, 2021   /   by Aaron Marasigan

Understanding Your Loan: Additional Information Can Be Important

Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan.
Review these terms:
Assumption: can this loan be transferred to another person if you sell or transfer the property?
Demand: can the lender require early repayment of the loan?
Late Payments: what penalty, after what period, applies?
Negative Amortization: does this loan schedule or allow payments that do NOT fully cover the interest due, resulting in increased loan principal?
Partial Payments: what is THIS lender’s policy?
You should also review Escrow Account details to understand whether you will pay additional property costs via regular Escrow Account payments or handle them yourself directly. ...

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