Cays, Village, Shores Homes and Condos for Sale

What Does it Mean to Lock a Loan?

When it comes to locking the interest rate on a mortgage loan for your Coronado homes and condos, everybody wants to time it to get the best deal. There's nothing wrong with that sentiment. It's normal. Some of the time you'll get lucky and some of the time you won't. In other words, it's a roll of the dice. With a locked interest rate, however, you are guaranteed that if interest rates go up by the time you are ready to close, you will pay the lower interest rate. Now is the best time to invest in Coronado homes and condos due to the combination of motivated sellers and lower interest rates. 

What are the risks if the loan is not locked?

Let's say you decide to wait. You've narrowed down where you will get a mortgage and looked at all your loan choices. Maybe you've even decided on the loan product you want. But the market is moving down. The Fed has cut rates twice and you expect them to drop further.

So you decide not to lock.  It's a gamble. But if rates go up, you have absolutely no protection. You're going to pay the higher rate.

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Selling your Coronado House

Go ahead Coronado Real Estate buyers and sellers, don't be shy. This year is the perfect time to make a Coronado housing move. If you are planning on buying or selling one of Coronado's homes or condos, you should get to know these eight strategies of savvy Coronado Real Estate investors, and live by them. It's that simple.

These strategies apply to all Coronado houses and condos, even the great deals that can be found on Coronado golf course properties and waterfront properties. Regardless of the market condition at the time of purchase, the rules of making a smart  Real Estate deal will never change. Here are eight Real Estate strategies for buyers and sellers who want to make a Coronado housing move in '08.

8 strategies for savvy sellers

1. Understand what "market value" means. It's not what your friend sold his house for two years ago or even two months ago. It's not the value your latest tax assessment was based on or what an appraiser said the house was worth a year ago. It is exactly what someone is willing to pay for your house today. Hence, price realistically and broaden incentives, such as closing costs and throw-ins like appliances, flat-screen televisions, etc. There is an old saying: "There's nothing wrong with a home that the right price can't fix."

2. Don't be an as-is seller. That is, unless you absolutely have to be one. Potential homebuyers aren't looking for fixer-uppers in the current market unless they are rock-bottom, bargain-basement priced. Large volumes of foreclosed homes are already being sold in poor condition at auction.

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Energy Conservation Tips For Your Coronado Bayfront Condos

Requesting a free home energy audit from your utility company is a good way to start saving energy and money in your Coronado bay front condos.  Lowering you carbon footprint and emissions is a great way to help the environment and save some green.

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How to Squeeze Lenders When Credit Is Tight to Invest Coronado Bayfront Condos

In the current environment of mortgage meltdowns and the credit crunch, investors need lenders.  Chances are the banks are tightening up their lending practices to reduce their risk and find reliable customers..

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Decorating for Your Open House - Tips and Tricks To Sell Your Coroando Homes

If you have been following our advice on open house tips for your Coroando homes, you have already learned how to arrange the larger items in your rooms to create a better traffic flow and the illusion of more space. Once your furniture is arranged to create an open, airy feeling, you're ready for more open house ideas to put the finishing touches on your small room makeover. Follows these tips to capture the interest of Coroando homes buyers.

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