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Since the Rock Report is a newsletter, this month we thought we’d provide you with some valuable up-to-date information from the mortgage professionals at Unitek Financial, one of our Prudential Partners. Finding a Home According to the National Association of Realtors (NAR) at least half of all home sales involve a Listing Agent and a Buyer’s Agent. Most house sales originate through the local Multiple Listing Service (MLS). About 70 percent of today’s homebuyers start their search for a home on the internet. The NAR’s Profile of Home Buyers and Sellers also shows that in 2006, 24% of homeowners actually found their home on the Internet first while only 2% did so in 1997. The Internet is clearly gaining popularity among homebuyers. Basics of Estate Planning An estate plan is a technique through which a person conserves assets and transfers them to heirs at the least tax cost. There are many elements to estate planning. It begins with a will and can include trusts, a power of attorney and insurance. Whatever the structure, keep it up-to-date, review at least every two to three years, keep family members aware of the details including the location of all the significant financial papers and how to reach the key advisor(s). Also, consult heirs before putting the plan into effect so there are no surprises in the arrangements. Mortgage Rates at a Glance For the most part, rates are at the same level they were a year ago. There was a slight raise in rates in November and December where a 30-year Fixed Rate Mortgage was estimated at 6.5%. Now the same loan can be found for an estimation of 6.125%. Mortgage consultants are telling us that rates should continue to stay at a low level for a while. Routine Home Inspections According to American Home Shield, a company that offers home warranties through real estate Brokers®, the likelihood that one of a home’s major appliances or systems will fail in a given year is 68 percent. Also, homeowners spend an average of $900 a year on repairs. More and more homeowners are making a home inspection part of their own routine and ongoing maintenance program, whether they plan to sell their home or not.  This newsletter is not a solicitation for already-listed properties. Prudential California Realty is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity. |
| From the desk of... The M & M TEAM | |
| Hello Family and Friends, Well, it’s June – the month of all things monumental packed into 30 short days! It seems highly unfair to dads that their kids will be graduating from our various local institutions on June 15. It sort of takes away some of the spotlight from June 17, when Dad is king for a day. That might not be the case if your child is recovering from a weekend of grad parties and is focused on summer freedom. June is also the month of moves. Those who need to relocate by the end of August when school begins anew will be in a flurry of packing, garage sales, and preparation for life in a new home, and/or neighborhood, city or state. Remember to make your new neighbors feel welcome. Then there are the weddings. Ryan went before the crowd and got married in the middle of May! Our congratulations to all the June brides out there! And a happy summer to all. Warmly, Ryan and Linda | |
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The M & M TEAM 2860 Thousand Oaks Blvd. Thousand Oaks, CA 91362  |
Ryan Mills and Linda Mills Ryan: Cell (818) 917-7782 | Linda: Cell (805) 402-2277 Ryan@TheMMTeam.com | Linda@TheMMTeam.com www.TheMMTeam.com A big part of our business is referrals. In appreciation of your confidence in us, we have a unique gift for you should your friend or relative choose to buy or sell with us. Thank you for your support! |
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