Rinu Real Estate

Home
United States
Los Gatos, CA
Rinu Real Estate

Rinu Real Estate | DRE # 02014153 His knowledge of the area is a great asset to his clients. CALBRE # 01914903

Just like local real estate markets are unique to every neighborhood, Rinu evaluates each individual sellers needs and goals when pricing homes. Founder Chad West Myers has deep roots in South Bay Real Estate, he has grown up entrenched in the business of building and remodeling, buying and selling in this unique market. Buying & Selling //

We specialize in working with buyers that are seeking a

home to remodel and customize. When we see potential in a home, we connect buyers to contractors and builders to ensure that their new home becomes their dream home. We believe strongly in putting our best foot forward, that's why our team works with new listings to ensure that homes are styled and staged. Our listing stand out because of the important detail, and is a vital part of attracting buyers!

11/05/2024

An NAR study found that the average first time home buyer is now 38 years old 🤯. Is 40 the new 30?

10/18/2022

Choosing the right lender is just as important as choosing the right Agent. At Rinu we have access to some of the best in the business. Reach out today and we’ll take a deeper dive into your goals and help create questions that will help in your lender search.

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically.

If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice.

>>Your Credit Score

Credit scores can play a big role in your mortgage rate. That’s why it’s important to maintain a good credit score. If you want to focus on improving your score, your trusted advisor can give you expert advice to help.

>>Your Loan Type

There are many types of loans, each offering different terms for qualified buyers. When working with your real estate advisor, make sure you find out what’s available in your area and which types of loans you may qualify for.

>>Your Loan Term

Another factor to consider is the term of your loan. Just like with location and loan types, you have options. Depending on your situation, the length of your loan can also change your mortgage rate.

>>Your Down Payment

If you’re a current homeowner looking to sell and make a move, you can use the home equity you’ve built over time toward the down payment on your next home.

To learn more, connect with a lender to find out the difference a higher down payment can make for your new mortgage. And, connect with a local real estate professional and a trusted lender so you have the expert advice you need in each step of the process.

10/07/2022

This is a long read, but a great bit of information! If you’re thinking about buying or selling, our team is ready to help. The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history.

Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said:

“U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national "LTV" in Q2 2022 was 29.5%, the lowest since 1983.”

She continued on to say:

“Homeowners had an average of $320,000 in inflation-adjusted equity in their homes in Q2 2022, an all-time high.”

>>What Is LTV?

The term LTV refers to loan to value ratio. For more context, here’s how the Mortgage Reports defines it:

“Your ‘loan to value ratio’ (LTV) compares the size of your mortgage loan to the value of the home. For example: If your home is worth $200,000, and you have a mortgage for $180,000, your LTV ratio is 90% — because the loan makes up 90% of the total price."

>>Why Is This Important?

This is another reason we won’t see the housing market crash. Home equity allows homeowners to be in control. For example, if someone did need to sell their home, they likely have the equity they need to be able to sell it and still put money in their pocket. This was not the case back in 2008.

Homeowners today have more financial strength than they have had since 1983. This is yet another reason homeownership in any market makes sense.

08/05/2022

The economy continues to be a wild landscape shifting quickly and at many times in an unpredictable manner. However, a home is a tangible asset that typically holds or grows in value. In most decades, home prices have outperformed inflation. If you’re thinking about buying a home today, know that history shows homeownership is a good hedge against inflation.

While no one really knows exactly what the future holds, one thing will forever remain the same: people will always need a place to call home.

If you’re ready to start your home search, DM us, we’re here to help.

10/13/2021

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.

Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later.

09/22/2021

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing.

What normally happens throughout the year?
Historically, housing inventory increases throughout the summer months, starts to tail off in the fall, and then drops significantly over the winter.

What happened last year?
Last year, the trend was different. Historical seasonality wasn’t repeated in 2020 since many homeowners held off on putting their houses up for sale because of the pandemic. In 2020, active listings peaked in April, and then fell off dramatically for the remainder of the year.

What’s happening this year?
Due to the decline of active listings in 2020, 2021 began with record-low housing inventory counts. However, we’ve been building inventory over the last several months as more listings come to the market.

There are three main reasons we may see listings continue to increase throughout this fall and into the winter:
>>Pent-up selling demand
>>New construction is starting to take off
>>The end of forbearance will create some new listings

If you’re in the market to buy a home, stick with it. There are new listings becoming available every day. If you’re thinking of selling your house, you may want to list your home before this additional competition comes to market.

09/14/2021

Thank you to our clients past and present! We love people and we love properties.

09/07/2021

Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price.

07/30/2021

With forbearance plans about to come to an end, many are excited or concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.

>>There are fewer homeowners in trouble this time
After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As of last Friday, the total number of mortgages still in forbearance stood at 1,863,000. That’s definitely a large number, but nowhere near 9.3 million.

>>Most of the 1.86M in forbearance have enough equity to sell their home
Of the 1.86 million homeowners currently in forbearance, 87% have at least 10% equity in their home. That’s important because it enables homeowners to sell their house and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

>>The current market can absorb any listings coming to the market
When foreclosures hit the market in 2008, there was an excess supply of homes for sale. The situation is exactly the opposite today. In 2008, there was a 9-month supply of listings for sale. Today, there’s less than 3 months of inventory on the market.

>>Those in power will do whatever is necessary to prevent a wave of foreclosures
Just last Friday, the White House released a fact sheet explaining how homeowners with government-backed mortgages will be given further options to enable them to keep their homes when exiting forbearance.

When evaluating the four reasons above, it’s clear there won’t be a flood of foreclosures coming to the market as the forbearance program winds down.

07/08/2021

The Joint Center for Housing Studies:
“… conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.”

Nathaniel Karp, Chief U.S. Economist at BBVA:
“The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relatively affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing.”

Bill McBride of Calculated Risk:
“It’s not clear at all to me that things are going to slow down significantly in the near future. In 2005, I had a strong sense that the hot market would turn and that, when it turned, things would get very ugly. Today, I don’t have that sense at all, because all of the fundamentals are there. Demand will be high for a while, because Millennials need houses. Prices will keep rising for a while, because inventory is so low.”

Mark Fleming, Chief Economist at First American:
“Looking back at the bubble years, house prices exceeded house-buying power in 2006 nationally, but today house-buying power is nearly twice as high as the median sale price nationally…
Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further house price growth in the months to come.”

04/27/2021

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:
>>2021: 6%
>>2022: 4.5%
>>2023: 4%
>>2024: 3.6%
>>2025: 3.5%

Using their annual projections and a $350,000 home as an example, a homeowner could increase their net worth by $82,338 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, DM me today so you can enjoy this great benefit as well.

04/02/2021

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers.

When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Address

15166 Los Gatos Boulevard
Los Gatos, CA
95032

Website

http://rinurealestate.com/

Alerts

Be the first to know and let us send you an email when Rinu Real Estate posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to Rinu Real Estate:

Shortcuts

Want your practice to be the top-listed Law Practice in Los Gatos?