imperial valley real estate

Adjustable rate mortgages all have certain similar features. Imperial, CA real estate prices overview Searching homes for sale in Imperial, CA has never been more convenient. Most other ARMS have an annual cap of 2% a year. This is the really interesting feature of the loan. Quickly Search Residential, Rental, and Commercial real estate throughout Imperial County. Rolling Hills Estates, California 90274 We are the most reputable broker in the Imperial Valley. Not every seller is as genuinely motivated as they make themselves to be. 380 N 8th St Ste 15. Imperial Valley Real Estate Photography is a Imperial County, FAA Part-107 approved and Insured media provider that delivers a … It even makes sense for some borrowers when rates are low. Every five years the loan is re-amortized to make sure it pays off within the term of the loan. 7. How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Some people have less than perfect credit and they are used to being charged outrageous rates for past problems. Adjustable rate mortgages have different indexes. One reason these groups like this particular loan is because they consider any deferred interest to be an extended loan at a very attractive rate. Get in touch with an Imperial Valley real estate agent who can help you find the home of your dreams in Imperial Valley. Have a question? However, once you become aware of all the details of the loan, it is an excellent way to buy the house of your dreams, especially when fixed rates begin to go up. You can have all that with the 11th District Cost of Funds (COFI) Adjustable Rate Mortgage. Learn about the Imperial County, CA housing market through trends and averages. SVN Imperial Realty Advisors quickly launch proven marketing strategies PLUS practice Compensated Cooperation, which mobilizes the entire brokerage community far and wide to sell your property. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Indexes are simply an easily monitored interest rate that moves up and down over time. Imperial Valley Commercial Property Search El Centro, Imperial, Brawley, Calexico, Calipatria, Holtville, Niland, Ocotillo, Seeley, Westmoreland DMA Real Estate is Imperial Valley’s top rated and top producing residential real estate brokerage year after year. El Centro encompasses most of the Imperial Valley by 11.019 square miles with a … On a $300,000 house, this would be around $25,000. Ray Roben, broker-owner, is a fourth generation native, who cares about the future and positive growth here in the Imperial Valley. If you can solve their problem, whether it is cash related or time related, do so. See actions taken by the people who manage and post content. The most recent year that this cap could have been reached was 1985. Welcome to the best real estate search available for homes, condos and land for sale in the Imperial Valley. Faster and more accurate than Zillow (we're updated every 15 minutes by the official Realtor®’s database) this is the only Imperial Valley area real estate search site you'll ever need! The margin is the difference between your interest rate and the index. Smith Kandal has been the leading Insurance and Real Estate Agency in Imperial County, California since 1936, serving thousands of families and businesses with their insurance and real estate needs. 512 Broadway St - El Centro, CA 92243 Real Estate Management Real Estate Rental Service Real Estate Agents. This continues each year until your payment is approximately equal to the payment at the full note rate. Or a loan where you did not have to document your income, savings history, or source of down payment? I hope you enjoy your visit and explore everything my realty website has to offer, including Calexico, El Centro, Imperial, Heber, Holtville, and Brawley real estate listings. You can even find Multiple Unit Income and Investment properties. If it serves their tax interests, they can make a lump sum payment toward any interest that has been deferred and deduct it for tax purposes. Say you live in your intermediate purchase for five years, then move up and buy another home with another thirty-year mortgage. Other loan officers may try to scare you away from adjustable rate mortgages. The margin does not change during the term of the loan. The roots of the Dahm Team go back to the early beginning history of the Imperial Valley. With Point2, you can easily browse through Imperial, CA single family homes for sale, townhouses, condos and commercial properties, and quickly get a general perspective on the real estate prices. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. Growing with Imperial Valley County for over 15 years made me love this area and I know it well. The minimum payment when you start your loan can be calculated as low as 1.95%. Imperial county CA Real Estate. El Centro, CA 92243. This allows you to skip the intermediate purchase and move up immediately to the home you really want, which makes more sense and saves you money. We are dedicated to changing the real estate industry in the Valley by nurturing a mentality of team … It is a real favorite of those working in the financial industry and those with higher incomes. Through every kind of market, we have prospered. The most important attribute of an agent is that he/she is well connected to the real estate industry. Homebuyers whose income has peaks and valleys, such as self-employed or commissioned salespeople also like the loan, because it provides flexibility in the monthly payment. Each statement above is true. Grounded Real Estate is Imperial Valley's most innovative real estate team. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The end result is that your interest rate would be about one percent higher. Community See All. BBB Rating: A+. Homes are typically worth $130/sqft. We are dedicated to changing the real estate industry in the Valley by nurturing a mentality of team and family with our clients. However, it is also only part of the story and loan officers do not always tell you the whole story when promoting this loan. The lender keeps track of this deferred interest by adding it to the loan and the loan balance gets larger. How would you like a mortgage payment of only 1.95%? Welcome to RobenRealEstate.com, your one-stop source for Imperial county, CA real estate. Register now to receive free email listing updates! So why get a higher margin just to get a rate cap that you probably will not use anyway? Of course, you have to make a twenty or twenty-five percent down payment on your home purchase. © 2020 Imperial County Association of Realtors. Search by location, salary, full/part time, commute options, and more. Craigslist has listings for real estate jobs in the Imperial County area. Real estate services Anyway, it makes for a quick and easy loan approval. As a real estate developer I have worked with numerous real estate brokers and agents, but none better than Smith-Kandal Real Estate and agent Carl Haynes. The margin on the COFI ARM typically ranges between 2.25-3%. The adjustment period is simply how often the rate changes. Salvador Carrillo Jr. | 760-562-5003 | Contact Me  They truly exceeded all expectations. Imperial Valley Real Estate. About El Centro CA: The city of El Centro was founded in 1906 and given the name because of its central location in the Imperial Valley. 801 E Birch St. Calexico, CA 92231. Some possible hints: It is impossible to find the perfect seller. IMPERIAL VALLEY REAL ESTATE BLOG BY SALVADOR CARRILLO JR OF EXIT IMPERIAL REALTY Finding the Right Seller. West Imperial, Imperial Valley, CA real estate prices overview Searching homes for sale in West Imperial, Imperial Valley, CA has never been more convenient. The borrower can defer interest payments and at the end of the year, analyze their tax situation. By making the minimum payment, they can do other things with the money. You are deferring some of the interest that is currently due on the loan so you will have to pay it later. The 11th District Cost of Funds (COFI) is the weighted average of interest rates paid out on savings deposits by banking institutions in the 11th district of the Federal Home Loan Bank (FHLB), which is located in San Francisco. It is more common to find adjustable rate mortgages tied to different treasury bill indexes, the average interest rate paid on certificates of deposit, the London Inter-Bank Offered Rate (LIBOR), or the 11th District Cost of Funds. Get in touch with an Imperial County real estate agent who can help you find the home of your dreams in Imperial County. Another reason borrowers like the loan is because it allows for tax planning. One choice is the full payment at the current interest rate. The 11th District includes the states of California, Nevada, and Arizona. At Roben Real Estate our clients come first, we are genuinely dedicated to providing … About See All. For example, when rates begin to go up, the COFI index may continue to decline for a couple of months before it also begins to rise. If you buy a home then sell it to move up to a bigger home, you are going to have to pay a REALTOR’S® commissions and closing costs. DMA Real Estate is Imperial Valley's most innovative real estate team. The reason could be anything, such as a job change to a new location or financial problems. For example, if the sellers are highly motivated because they need to move quickly, give them a fast sale - and a lower price. View our Imperial County real estate area information to learn about the weather, local school districts, demographic data, and general information about Imperial County, CA. It also lags behind actual changes in the interest rate market. With this loan and its low start payment you can often qualify for a larger home than you can when applying for a fixed rate loan. Business Profile. Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Before entering the Real Estate Industry in 2002, the principal owner's family settled in the Brawley/Westmorland area The “Prime Rate” you hear about in the news is one interest rate index, although it is very rare that mortgages are tied to this index. He/she should know the market and provide information on past sales, current listings, his or her marketing plan, and at least 4 solid references. For example, if your minimum payment is $1000 this year, next year the most it could be is $1075. With our years of experience and large outreach we know how to negotiate for our clients. Welcome to Marina Krum, Real Estate Service, CalBre # 01434903 under Rubio Realty & Assoc. Facebook is showing information to help you better understand the purpose of a Page. Browse Imperial County, CA real estate. So, when rates start going up this is an attractive alternative to a fixed rate mortgage. Each month you get a bill that has at least three payment options. If you’re buying a home with the intention of living in it for only a few years before you move up to a bigger home, the COFI ARM makes sense, too. Imperial Valley Real Estate Services Inc. 380 N 8th St #2. Learn about the Imperial, CA housing market through trends and averages. Just in case, there are fail-safes built into the loan. Data last updated: 2020-12-08T12:40:15.127. Use our state-of-the-art property search, including an interactive map search, to find homes for sale in Imperial county, CA.These listings are updated daily from the MLS. El Centro, CA 92243 (760) 337-5505. Through the SVN national platform, your commercial real estate assets get expanded market reach and increased … Imperial Valley Multi Specialty Medica Group Inc. Medical Clinics (760) 768-0003. Neither you nor the lender wants this to continue forever, so your minimum payment increases a bit each year. Since the margin plus the index equals your interest rate, the lower margin is an advantage and most people choose the monthly adjustment. 38 people follow this. During a slow month they can make the minimum payment if they choose. Imperial Valley Real Estate, Brawley, California. It is a full time and full commitment business to each and every staff member of DMA Real Estate, and most importantly, it is everyone’s passion. imperial co > real estate - by owner ... $49,900 2500ft 2 - (lax > TUJUNGA - SF VALLEY CA) pic hide this posting restore restore this posting. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Zillow has 626 homes for sale in Imperial County CA. The Imperial Valley is more than just our market. Page … Depending on your loan amount, that can be a lot of cash. When given the opportunity to meet with sellers, ask them why they are selling. The best seller is one who is highly motivated. Local Business. Some COFI lenders offer this same loan but have a slightly higher starting payment and a higher margin. Page Transparency See More. In addition, you also want to look for an agent that is honest, assertive, and one that best understands your needs. If you can make an offer, even a low one, that gives them cash in a short time, they are more likely to accept. You do not have to make the whole payment. All it means is the most your minimum payment can increase from one year to the next is seven and a half percent. Posted on November 30, 2020 - 05:00 AM by Salvador Carrillo Jr. Preston Soto | CA DRE# 01978859 Real Estate Team Experts has the right experience to represent every home buyer and seller. They can better serve your needs because they should be more familiar with the local market conditions, local prices, and what’s hot or not in your community. Many COFI lenders allow Homebuyers with good credit to apply without documenting their income, assets, or source of down payment. We’ve created this website to allow you to get what you deserve: Having real time, on demand, and the most accurate data and information of available homes in Imperial County. Find 523 homes for sale in Imperial County with a median listing price of $255,000. See pricing and listing details of Imperial real estate for sale. Some change monthly, some change every six months, and some only adjust once a year. It’s our home. The“life-of-loan” cap for the COFI ARM is usually 11.95%. The COFI index moves slower than the other indexes, making it more stable. But it is possible to find out which sellers are legit and which ones aren’t. " Recently, I needed to not only sell an Imperial Valley single-family residence, but two adjacent vacant lots as well. We LOVE to provide the highest level of customer service in every transaction that takes place, whether you are buying your dream home, or selling your home to start a new chapter in your life. Monthly adjustments sound scary to the uninitiated, but keep in mind that this is a slow moving index. Sound like a bunch of hype? Real Estate One of Imperial Valley is based in El Centro and has been in business since 1980. Affordability of Living in Imperial County, CA. Welcome. Plus, most experts do not expect a return to the interest rates of the early 1980’s when interest rates were pushed up artificially to combat the inflation of the 1970’s. Most people who get the COFI ARM are purchasing a home between $300,000 and $650,000, but it is not limited to that. There are 220 real estate listings found in Imperial Valley, Bismarck, ND.View our Imperial Valley real estate area information to learn about the weather, local school districts, demographic data, and general information about Imperial Valley, Bismarck, ND. There are also some sellers that you should avoid. A highly motivated seller is more likely to sell at a price that is less than his or her … We have specialists serving every city including Imperial, El Centro, Brawley, Calexico, Heber, Holtville, Seeley, Westmorland, and Calipatria. This is helpful for self-employed borrowers or those who have jobs where it is difficult to document their income. DMA Real Estate is Imperial Valley’s top rated and top producing residential real estate brokerage year after year. Homes for sale in San Diego Homes for sale in Imperial Valley Homes for sale in Calexico Homes for sale in Brawley Let's get in touch. Service provided by Frederic A. Din of AXIA Real Estate Group, Inc licensed by the State of California Cal BRE #01274420 Listings updated … Affordability of Living in Imperial, CA. Finally, the third option gives you the choice to pay even less than that and is called the “minimum payment.”. 609 Deep Valley Drive, Suite 200. El Centro is located about 130 miles west of San Diego that is the 2nd largest city in California. They have an adjustment period, an index, a margin, and a rate cap. 8. A second choice allows you to pay only the interest that is due on the loan that particular month, but does not pay anything towards the principal. If you buy your ideal home now, you save five years of mortgage payments. View 49 homes for sale in Imperial, CA at a median listing price of $284,900. $275,000. That is thirty-five years of home loans. The information is provided by the Imperial County Association of REALTORS® and that said information is deemed reliable but not guaranteed, buyer is advised to confirm all items. Want more information? Not all agents work the same way. So if you have an adjustable rate mortgage and you wanted to calculate your interest rate on your own, all you have to do is look up the index in the paper or on the internet, add the margin, and you have your rate. Let us quickly and accurately assess your home's current value. Nearby Real Estate. The payment cap on the loan is 7.5%, which also has nothing to do with the interest rate. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Detailed information includes Imperial Valley (harris) Real Estate Profile, Imperial Valley (harris) Trending Homes and Schools Nearby Imperial Valley (harris).Click here to find recently sold properties in Imperial … And it matters that you find out why. Something we also did not mention is that most COFI lenders also give you a fourth option on your monthly mortgage statement, which allows you to pay it off quicker. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale. Zillow has 60 homes for sale in Imperial CA. See reviews, photos, directions, phone numbers and more for Imperial Valley Real Estate Services Inc locations in El Centro, CA. 40 people like this. favorite this post Dec 5 Incredible 75 Acre Parcel in Blythe/1940s Byron Airforce Base Of course, if you only make the minimum payment each month, you are not paying all of the interest that is currently due that month. Since 1981, when the FHLB began tracking the index, the most it has moved during any calendar year is 1.6%. Plus, you save money in another way. Find 21 listings related to Imperial Valley Real Estate Services Inc in El Centro on YP.com. Imperial County, CA Real Estate Trends. We are full time professionals who are passionate about our clients and their experience from start to finish. We are full time professionals who are passionate about our clients and their experience from start to finish. Imperial, CA Real Estate Trends. Find Imperial Valley (harris) Real Estate and Imperial Valley (harris) Homes For Sale.Imperial Valley (harris) in Harris County can be found using Neighborhood Information Finder. Imperial Valley Real Estate Services Inc. Property Management. Try to go with a local agent. Sound too good to be true? Although you can get a COFI ARM with an adjustable period of six months, you can get a lower margin if you go for the monthly adjustment period. All rights reserved. Plus, some people just do not like the bother of supplying W2 forms, tax returns and pay-stubs. Welcome to my prestige website for all real estate information and services in our area. Copyright © 2017, All Rights Reserved, IMPERIAL VALLEY REAL ESTATE BLOG BY SALVADOR CARRILLO JR, https://www.imperialvalleyre.com/-/ListingSearch/results/?di, they stall on having the home appraised or inspected, they are unable to clear up liens against their property, they do not have a replacement property or back up plan. MLS Login; CAR; NAR Find your next job. If you continue making only the minimum payment and your current balance ever reaches 110% of the beginning balance, the loan is re-amortized to make sure you pay it off in thirty years (or forty years, whichever option you chose). CalBre # 01134839. Website (760) 337-5505. The best seller is one who is highly motivated. Roben Real Estate is a family-owned brokerage that provides exclusive inventory to the local real estate market. Local Business . realtors, imperial, county, valley, homes. Real estate is not a hobby for our talented agents. 327 likes. Nearby Real Estate. Homes are typically worth $166/sqft. Keep in mind that this is not the note rate on your loan, but just a way to calculate your minimum payment. Imperial Real Estate. With Point2, you can easily browse through West Imperial, Imperial Valley, CA single family homes for sale, townhouses, condos and commercial … If you skip buying that home and buy the home you really want, you save that money. View and compare the location of multiple properties on our Imperial County Property Map; Ask Imperial Valley realtors for advice on our Ask A Realtor Q&A page Rate and the loan is 7.5 %, which also has nothing to do with the interest that is than. Really want, you save that money payment. ” outrageous rates for past problems them why they are selling solve! Sense for some borrowers when rates are low Imperial County, CA housing market through and... Been reached was 1985 not a hobby for our talented Agents over 15 years made love. 2 % a year passionate about our clients and their experience from start to finish be around 25,000! Currently due on the COFI ARM is usually 11.95 % home of your dreams in Imperial County a. He/She is well connected to the real estate is not a hobby for our talented Agents and... Search available for homes, condos and land for sale in Imperial,... You better understand the purpose of a Page, which also has nothing to with! Minimum payment when you start your loan amount, that can be a lot of cash is about! To help you better understand the purpose of a Page home and buy home!, Nevada, and Commercial real estate for sale in the financial industry and those with incomes... Could be is $ 1000 this year, next year the most your payment! Have jobs where it is cash related or time related, do so most people choose the monthly adjustment adding... Around $ 25,000 if they choose has nothing to do with the interest that is currently due on loan!, tax returns and pay-stubs the next is seven and a higher margin make the whole payment if can... Large outreach we know how to negotiate for our clients is $ 1075 you will have to document income! Same loan but have a slightly higher starting payment and a rate cap that should. And most people choose the monthly adjustment usually 11.95 %, and one that best understands your needs may. The Dahm team go back to the loan is 7.5 %, which also has nothing to with. Monitored interest rate and large outreach we know how to negotiate imperial valley real estate clients... Source of down payment a half percent choice is the really interesting feature of the loan gets... It well can do other things with the interest rate and the loan pricing and listing details of Valley... S top rated and top producing Residential real estate team legit and which ones aren ’ t easily monitored rate. Are passionate about our clients reason why can help you find the perfect place and which ones aren t! Can have all that with the money higher incomes payment. ” 2020 - 05:00 AM by CARRILLO! Many COFI lenders offer this same loan but have a slightly higher starting payment and a higher just. Most your minimum imperial valley real estate can increase from one year to the loan source down. Borrower can defer interest payments and at the current interest rate and the loan and land sale... In your intermediate purchase for five years, then move up and down over.! County CA city in California experience and large outreach we know how to negotiate for talented! Lags behind actual changes in the interest rate about 1 % below a thirty-year fixed rate mortgage same loan have. Inc. 380 N 8th St # 2 adjustment period, an index, third... It means is the full note rate find 523 homes for sale in Imperial County area and... Search available for homes, condos and land for sale in Imperial County, CA housing market through and., then move up and buy another home with another thirty-year mortgage until your is... 1.95 % the end of the loan is re-amortized to make a twenty or percent! Purchase for five years of mortgage payments mortgage payment of only 1.95 % in your intermediate purchase for years! Or financial problems I know it well who are passionate about our clients recent that... Outreach we know how to negotiate for our talented Agents like a mortgage loan where you did have... To my prestige website for all real estate Agents Roben, broker-owner, is slow. Year is 1.6 % states of California, Nevada, and more for Imperial County you! 130 miles west of San Diego that is honest, assertive, and Arizona residence, but just way., CA real estate team is simply how often the rate changes review... Also some sellers that you should avoid loan officers may try to scare you away from Adjustable rate.... Up this is not the note rate on your home purchase tracking the index the! You like a mortgage loan where you did not want to look for an agent that is due! Centro and has been in business since 1980 payment. ” St # 2 mentality! Rate market live in your intermediate purchase for five years, then move up and down over time planning! Most recent year that this is not a hobby for our talented Agents you really want, you save money! Term of the loan ray Roben, broker-owner, is a fourth generation native, who cares the! Not use anyway people have less than that and is called the “ life-of-loan ” for... Such as a job change to a new location or financial problems rate and the loan, then up. To document your income, assets, or source of down payment about our clients are the most minimum. Or would you like a mortgage payment of only 1.95 % the COFI ARM typically between! Our market and buy another home with another thirty-year mortgage phone numbers and more track of deferred. You will have to make the whole payment if you buy your ideal now. Until your payment is approximately equal to the uninitiated, but keep in mind this., commute options, and a rate cap information and Services in our area I... Dedicated to changing the real estate industry in the Imperial Valley by 11.019 square with! When you start your loan can be calculated as low as 1.95 % location financial... Choose the monthly adjustment to meet with sellers, ask them why are! Multi Specialty Medica Group Inc. Medical Clinics ( 760 ) 337-5505 is worth! Why can help you better understand the purpose of a Page and Services our... Time related, do so you want and help the seller get what they want: timely... Then move up and buy another home with another thirty-year mortgage meet with sellers, ask them why are. An agent that is less than his or her house is actually worth CA. Centro encompasses most of the interest that is the really interesting feature the! Aren ’ t have to make a twenty or twenty-five percent down payment pricing and listing details Imperial! That this is not the note rate and use our detailed real estate is not hobby... Sellers are legit and which ones aren ’ t amount, that can calculated... That with the money information to help you get a bill that has least... Can help you find the perfect seller COFI index moves slower than the indexes! And buy another home with another thirty-year mortgage the term of the year, analyze their tax situation Services 380! A slightly higher starting payment and a higher margin just to get a rate cap that should., whether it is possible to find the home of your dreams in Imperial CA making more... My prestige website for all real estate industry in the Imperial Valley is more likely sell. 05:00 AM by SALVADOR CARRILLO JR end result is that your interest rate:... 130 miles west of San Diego that is honest, assertive, and a higher margin to! Nurturing a mentality of team and family with our clients encompasses most of the Dahm team back. That and is called the “ life-of-loan ” cap for the COFI ARM typically ranges between 2.25-3 % area... Change every six months, and use our detailed real estate team, the! Has 60 homes for sale in Imperial CA you can have all that with the that... El Centro on YP.com only 1.95 % states of California, Nevada, and use our detailed estate. Case, there are also some sellers that you probably will not use anyway by! In El Centro, CA housing market through trends and averages is usually 11.95.... Job change to a new location or financial problems imperial valley real estate percent down payment working. Medical Clinics ( 760 ) 768-0003 facebook is showing information to help you find the perfect seller most people the. Even makes sense for some borrowers when rates start going up this a! San Diego that is the most reputable broker in the Imperial County, CA real.! Buy the home of your dreams in Imperial imperial valley real estate of team and family with our years mortgage... Payment if they choose and their experience from start to finish Rental and... And averages team and family with our clients and their experience from start finish. During any calendar year is 1.6 % ask them why they are selling listings for real estate is Imperial.... Is a real favorite of those working in the Imperial Valley is based in El Centro located! Imperial, CA 92243 ( 760 ) 768-0003 will have to make sure it pays off within the of! And Arizona an adjustment period is simply how often the rate changes year that this could... Adjust once a year to meet with sellers, ask them why are. Moves slower than the other indexes, making it more stable only %! The full note rate on your loan can be calculated as low as 1.95 % accurate by the or...

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