You graduated from college a few years ago. You landed a great job. Since then, you have been saving up to buy your first home. Now, you are ready to make the purchase. You are both excited and a little nervous about the process of buying a new home. If you are purchasing a home for the first time, consider these three tips.
Establish a Budget
It is important to know how much you can actually afford. Not only do you need to take into account the down payment and monthly mortgage payments, but make sure you factor in closing costs and other expenses associated with purchasing a home. To help you better understand your budget, get pre-approved for a mortgage loan. If you understand your budget prior to looking for homes, you will not find your dream home only to realize you cannot afford it. Read Full Story
The excitement of moving into a new home and a new neighborhood can be exhilarating and overwhelming. Unfamiliarity is always uncomfortable. Plan ahead to be sure your personal essentials are easily accessible the first night and morning in your new house. And check out the new neighborhood before you arrive, so you can find any supplies you may have forgotten. The sooner you are settled into the house, the sooner you can explore your new community.
Start with a “First Night Box”
The first night in a new home is also the most challenging. Planning and packing a single box (or boxes) will ease the stress of the transition into the new space. Include supplies for going to bed, and getting started the next day. Every individual and family will have special needs to be included; most people will benefit from having these items ready to go: Read Full Story
Blackhawk Financial Center Sets Tone for Danville Market
Posted on June 12, 2015 By Jack Stubbs
The real estate landscape in downtown Danville is becoming an increasingly appealing market both for buyers and sellers, prompting some notable and eye-catching deals. On Thursday, April 9th, Trumark Commercial LLC completed the sale of the Blackhawk Financial Center in Danville, CA, to StarJ Partners, LLC for $7,875,000 (or $284.83 per square foot) as a Grant Deed. The Blackhawk Financial Center, originally built in 1999, has a total square footage of 27,648. Over the last decade or so, the Financial Center, located at 4185 Blackhawk Plaza Circle in Danville, CA has significantly risen in value. Previously, in 1997, Behring Educational Institute sold the space to Greenwood Properties LLC for $675,000 according to the sales report.
Michael Copeland with DTZ, commercial real estate adviser, represented both Trumark Commercial and StarJ Partners in the financial transaction back in April. Copeland, who has also been retained by StarJ Partners as the leasing broker for the space, suggests that the area of Blackhawk in Danville is an especially attractive location and could have contributed to the significant sales value of the building. Read Full Story
First-time buyers and golden-agers looking for retirement comfort can both make the same mistakes when purchasing a new home. Motivated to find the “perfect house”, often people buy houses based on emotions, and not on good sense. Taking the time and care to make a truly educated decision about what house to buy will ensure that the purchase will prove its value over and over again in the coming years. Here are few considerations to keep in mind on your next “new home” excursion:
- Don’t buy if you plan to move again within five years. The housing market is improving but is still not stable enough to guarantee that you’ll get your money back if you try to sell it sooner rather than later. Consider renting until you are ready to settle in for the long term.
- Establish your finances: this is more than just getting preapproved for a mortgage.
- Check your credit report and score. Your credit rating will impact the interest rate you’ll pay so clearing any black marks off your credit history and raising your score will ultimately save you money.
- Get preapproved for your mortgage before starting the search. It will be easier once the credit score is optimized.
- Establish the down payment amount (and plan to stick to it). The higher the down payment, the less each monthly mortgage payment will be.
- Establish (and plan to stick to) a budget for move-in and moving costs. Agreeing to a sky-high mortgage payment will be painful when you don’t have the credit available to purchase a refrigerator. And don’t believe that a “new house” also means “new everything else”. Unless you’ve determined a budget to cover that level of expense, find more reasons to love your old couch.
- Search for added monthly costs after move-in. Potentially higher rates for utilities, HOA fees, etc., may eat up more of your monthly income than you expect; be prepared.
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Veteran Developer to Serve as COO
June 12, 2015
Peter Kiesecker joined Trumark Communities as chief operating officer of the new master planned community business. In his new role, Kiesecker will be acquiring and managing properties for Trumark.
Before joining Trumark, Kiesecker served as an executive at Standard Pacific Homes, where he was directly responsible for master planned communities as well as mergers and acquisitions. He also served as president of Greenpark Communities and Greystone Homes.