Author: Steve Olmos

Real Estate low inventory and high demand The real estate market is currently experiencing a period of low inventory and high demand. Homebuyers are facing stiff competition for available properties, leading to rising home prices in many areas. To address this problem, some lenders are offering incentives and the state and many cities are offering…

Because of its importance’s I am reposting my article on the Attack on Proposition 13 Attack on Proposition 13 They’re at it again and trying to find a way to remove Proposition 13. If you don’t know and if you have never owned a home, condo or townhouse, Proposition 13 holds the taxes you pay…

What is mortgage insurance and can it be removed? When you put down less than 20% down to purchase a home, the lender is going to require mortgage insurance. This insurance is to protect the lender from losses if they have to foreclosure on the property. What are the rules on removing mortgage insurance (PMI)…

Attack on Propositions 13 They’re at it again and trying to find a way to remove Proposition 13. If you don’t  know and if you have never owned a home, condo or townhouse, Proposition 13 holds the taxes you pay on that property to the amount you paid for the property when you bought it,…

Non-conventional financing, what is it, and how can you use it to buy a house? Let’s go over a few of these mortgages and what they are. Non-conventional mortgage loan A non-conventional mortgage loan, sometimes referred to as a “non-conforming” mortgage loan, is a type of loan that does not conform to the rules and…

How Many Ways Can a Home Buyer Buy a house? There are many different ways for a home buyer to purchase a house. They include cash, conventional mortgage loan, government-backed mortgage loan, FHA loan, VA loan, jumbo loan, adjustable rate mortgage (ARM), reverse mortgage loan, owner financing, or a lease with an option to buy.…

Real Estate, Should You Buy or Should You Rent? Believe it or not, the answer to this question depends on the individual’s situation. Factors such as location, market conditions, and personal preferences play a role in determining whether it is better to own or rent a house. Ultimately, it is up to each person to…

What happens if a seller refuses to move after the sale? If an owner sells a house in California and needs to move, and does not, what can you do? 1. Discuss options for selling the house with the real estate agent/ broker that is handling the sale, focusing on the timeline and process. 2.…