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sudoadmin
May 5, 2022

Here are three things you need to know before buying a new home

The first step to investing in any property is deciding the kind of property you want to buy. The type of property you are looking for might be dependent on a number of factors including:

Whether you want to rent it out or live in it yourself.
Your budget range.
Whether you are buying it as an investment property or as your first home.
The type of lifestyle you want to live.

Once you have decided on these criteria, the next step is to find an agent specialise in selling that type of property. For example, if you’re looking for apartments for sale, then look for a real estate company that specialises in selling apartments/flats and has experience dealing with first-time buyers.

Consider the location

You should choose where to buy your property based on location. The right location will maximise the rental price, reduce vacancy times, and increase the value of the property. Location is a factor that you can’t change, so it’s best to invest in the right location from the start.

The type of property that you are investing in is also important. Is it an apartment? A duplex? A house? Each has its advantages and disadvantages and each one is not suitable for every investor. Your location and type of property work together to determine how much money you will make from your investment.

Never spend money on the property unless it’s proving a sound investment.

Many beginners will spend too much money on their first property. Investing in a property that isn’t generating you enough income is one of the biggest mistakes to make as a new investor and can also open you up to lawsuits if you aren’t careful. Make sure that your property is profitable before investing, and always be mindful of how much cash flow you are making with each investment.

Example: You invest in a duplex worth $200,000 and pay $20,000 for it down. Your monthly income from the rent is $1,200 and your mortgage payment is $1,000 per month. In this case, you are making a profit of $200 every month (or about 10% on your original investment).

Bysudoadmin
OnMay 5, 2022

sudoadmin
August 6, 2018

CENTURY 21 HOMETOWN REALTY NAMED “REAL TRENDS 500” FOR 2017

The California Association of Realtors has named CENTURY 21 Hometown Realty as one of the “Real Trends 500” for 2017. The Arroyo Grande based brokerage ranked 1st on the Central Coast out of all brokerages and 54 in the nation of C21 brokers with 1117 transactions.

The REAL Trends 500, now in its 31st year, remains the undisputed leading report ranking the performance of the top residential real estate brokerage firms. Rankings are produced in several ways. Firms are ranked first by closed transaction sides, then by sales volume. Recognizing that realty services firms do more than broker housing transactions, core services, such as mortgage, title insurance, escrow, property/casualty insurance and other types of products related to the real estate process.

“It is quite an honor to be named to the Real Trends 500 list. We are so proud of all of our agents. They work hard to take excellent care of all of our clients before, during and after the sale which is what I believe is the secret to our success and this achievement,” explains Amy Gallagher, C21 Hometown Realty Broker. “2017 was a record-breaking year for our brokerage and with the all new rebrand of C21, we are matching the same record-setting pace for 2018. It’s an exciting time for C21 Hometown Realty!”

About Century 21 Hometown Realty – CENTURY 21 Hometown Realty is the leading real estate firm on the central coast of California with offices spanning Santa Barbara County and San Luis Obispo county offering expert agents and convenient locations.

Bysudoadmin
OnAugust 6, 2018

sudoadmin
July 24, 2018

TRUE AMERICANA MEANS BIG BUSINESS FOR CENTRAL COAST

It’s Mid-State Fair time here on the Central Coast! A timeless tradition of true Americana, celebrating our heritage of agriculture, arts, crafts, competitions and show-stopping entertainment. Bright lights, carnival rides, fair food, exhibits and top-name entertainers were just some of the reasons that a record-breaking 430,000 guests made the trek to Paso Robles in 2017.

If the entertainment line-up is a top indicator for guest attendance, 2018 will be on track to deliver large Fair audiences once again. The free concert stage is hosting well-known artists such as Crystal Gayle, Monte Mills, Kris Kristofferson, Bear Market Riot, Big Bad Voodoo Daddy and newer artists For King & Country and recent winner of The Voice, Cassadee Pope. The main stage will light up each night with stars such as Florida Georgia Line, Pitbull, Demi Lovato, Gabriel Iglesias, ZZ Top, Tim McGraw with Faith Hill and Luke Bryan.

In addition to the draw of America’s top entertainers, Mid-State Fair offers great family entertainment with Livestock Competitions, Horse Shows, Petting Zoo, Country Finals Rodeo, Robotics for Kids, Tractor Races, Youth Performances and a newly revamped Carnival. The Mid-State Fair offers great entertainment value for the low admission price of $8-$12. If you will be attending multiple days, the Season Pass is the way to go, just $30 for children 6-12 and $60 for Adults offering admission everyday to the fairgrounds.

Not only do Central Coast residents flock to this event but it attracts huge crowds from all around the state. That means big dollars and big business for the area, especially Paso Robles. Hotels, motels and restaurants feel the biggest impact but even retail stores benefit from the tens of millions of dollars the Mid-State Fair brings to the community each year.

Bysudoadmin
OnJuly 24, 2018