Homes From Norman - Sell Your Home Fast at Top Market Value

07/18/2023

The Time is Now to Buy Your New Home!
Don't Miss Out | Call Me Now | 562-243-2581

04/25/2022

I Made a Commitment that I would take the LONG Route (2 Years) to Study for My Real Estate Broker License.

I literally found the Comparable House in South Pasadena for my Parents House in Willowbrook. Both Houses purchased in Similar Years at Similar Prices with my Parents having the Conventional Loan and the South Pasadena House having the FHA.

Although both buyers were of similar age and the EXACT number of kids - I WILL NOT be able to Sell My Parents Home for $3 Million Dollars.

Studying for my Real Estate Broker License Explains why. Studying for my Real Estate Broker License gives me a Blue Print so that my son Jalil Norman wont have to deal with that same issue.

Today, I finished Step 1 of the Process - The Pre Exam Classes. Very Soon I will be take the State Exam.

The Real Estate Broker was Never Intended to be a License to Make Money without Regard to the Community or a way to Generate Money from Agents.

My Education Continues...

01/26/2022

Many of you ask me about Real Estate. Here is your opportunity to get your Real Estate License Online - FREE

Click the Link Below for More Information. HMU for Questions

Keller Williams School of Real Estate: Online prelicensing real estate, continuing education, and career development offered in association with an approved education provider, Kaplan Real Estate Education – free to students.

01/21/2022

Nestled within the very walkable westside Gardena Neighborhood of 90249, this 4 bedroom 2 Bath home has so much to offer a family looking for high rated schools (Chapman Elementary 8/10), amazing neighborhood parks, (Bodger Park, Alondra Regional Park and Golf Course) plenty of Shopping Malls and Entertainment Centers (Del Amo Fashion Center), most importantly, a clean, safe walkable neighborhood.

This house built in 1952 is in amazing condition and has plenty of space for large and growing families including, original hardwood flooring within 3 of the Bedrooms and the front living room, 2 large Bathrooms with plenty of space, a large kitchen that leads to an outdoor covered patio, a spacious family room, 2 long and wide drive ways (6-8 Cars or RV/Boat Parking), 6200sqft lot size, and a large 2.5 car garage with automatic garage door opener. This house has loads of potential for customization and expansion.

Give Me a Call to Buy this House or Sell Your House.
(562) 243-2581

12/24/2020

Merry Christmas to Everyone
Happy New Year 2021

12/07/2020

Real Estate at a Glance
As we prepare for 2021, I want to give you some information that you may consider when thinking about the real estate market. Whether you are looking to purchase a home or sell a home; being well informed is vital to your success.

Annual CMA Report
We are used to getting a monthly statement from our banks that describe our balance, deposits, withdrawals, and expenses. Even when we visit a retail store, we expect to receive a receipt describing our purchase. When owning a home; we must have the same expectation. A CMA Report or Comprehensive Market Analysis Report lets us know how much our house is worth at the present time. This will help you make decisions about selling, upgrading, and refinancing.

For example; if you purchased your house for $500,000.00 and you put 10% Down; you financed $450,000.00. This means you have $50,000.00 in equity. If you spend $60,000.00 to upgrade your home, you are now underwater by $10,000.00. You will have to wait until you pay down the amount you financed by $10,000.00 in order to be at your break-even point.

Most people feel that their other alternative is to wait until their home appreciates or goes up in value by $10,000.00. This may be a great idea. How do you know the value of your home? Order a FREE CMA Report from Norman. Ideally, you want to order a report in January and June of each year. Shoot me an email and I will return your CMA Report within 24 hours or less.

Interest Rates at an All Time Low
Interest rates are controlled by the Federal Reserve Board. The interest rate is lowered to expand the economy or to give people incentives to obtain a home loan. Since the interest rate on your loan is lower, your monthly payment will be cheaper. The result of a lower interest rate is inflation or house prices will rise. This happens because you have more potential home buyers and home sellers will ask for higher prices because they may have 25 to 30 people who want to buy their one house.

If the Federal Reserve Board were to raise the interest rates; the opposite will happen. Since the interest rate on your loan is higher, your monthly payment will be more expensive. The result of higher interest rates will mean house prices will deflate or go down. This happens because you have less potential buyers and home sellers must lower their asking price to attract more buyers for their one house.

Get Pre Approved for a Home Loan First
Are you looking to purchase a home soon? Your first stop should be to see a licensed Mortgage Broker. Obtaining a home loan first will make your home buyer process much easier. If you think you may not qualify due to credit issues; please do not pay a person to “Repair” your credit. A good Mortgage Broker can help you identify any credit issues you may have and the best course of action to resolve your issues. Just paying off your debt or closing credit cards may not raise your FICO Score automatically.

A Look Forward to 2021
During 2020, there are many people looking to buy and sell their homes for various reasons. As the pandemic is resolved and people obtain employment; the industry is expecting even more real estate activity in 2021. If you have questions about the real estate market, please feel free to contact me via email or phone.

05/10/2020

04/04/2020

Define Wealth:
1. God
2. Family
3. Home
4. Land/Rentals/REITs (Stocks Ownership into Land)
5. Business Ownership/Stock Ownership
6. Education
How Much Wealth Do You Own?

03/30/2020

COVID-19 and the Real Estate Market

Good Morning Clients and Friends,

I want to take this opportunity to speak to you about how the COVID-19 has affected the California Real Estate Industry. This information is important to you so that you can make sound decisions about your current and future real estate transactions.

Thankfully, the Federal and State governments has created new legislature and law that is directly addressing the effect of this pandemic on our economy. Here is a breakdown of what you can expect as a result.

Buyers

Interest Rates for FHA and VA [Government Guaranteed Loans] are below 4%. Please keep in mind that interest rates change daily. As of Friday, the interest rate was 3.5-3.8% Depending on your credit score.

Investors and the stock market have responded well to the new government relief package. This means that credit is currently available for those who can continue to maintain their positive credit ratings.

Continue to pay your bills on-time. Maintain your positive credit score. Home loans will be readily available for those who have credit scores of 580 or higher.

Home sellers should be advised to be flexible with asking prices, seller concessions, or other terms that will make their home more attractive to potential buyers.

The amount of homes on the market may be limited because some potential sellers may choose to place their homes on the market during a more opportune time. The homes that are available may be the great deal you are looking for.

There are parts of the home buying process that may be amended to make the process safer including:
• Private Showing vs Open House
• E-Signatures vs Office Visits
• Video Conferences vs In Person Meetings
• Private Home and Appraisal Inspections

As more changes are made I will inform you accordingly.

My overall assessment for buyers; Now is Your Opportunity to Find a Great Home for a Great Price with a Low Interest Rate.

Sellers

For all the reasons stated above, the buyers in this market will be more educated, better qualified, and motivated to take advantage of the current low interest rates. You have serious buyers now.

There will be less competition in the market because of a variety of reasons. Your home will have more activity from well qualified buyers.

I would suggest that sellers be flexible with Asking Price, Seller Concessions, and other Terms in order to be truly attractive to potential buyers.

You will have to creative with showings since you do not have Open House Showings as an option. We can develop new ways to show your home and to make sure visitors do not infect you or your family unknowingly and vice versa.

If you find yourself financially distressed, do not panic. Even in “Normal” times, banks are willing to work with you to prevent foreclosure. Let me say this plainly. Banks are NOT sitting and waiting for you to miss a payment to TAKE your home. You have options. The Best thing to do is Call Your Mortgage Loan Service Provider BEFORE a Missed or Late Payment Occurs.

If you know that you will not be able to recover within 3 months call me. Let’s talk about your options. My experience within the 2008 Housing Bubble showed me that those homeowners who accepted reality early fared way better than those who waited ‘til the last minute to respond to crisis.

The best thing about owning a home is that you have a list of positive options when crisis happens. Taking advantage of your options early will be more lucrative to you and save your credit. You can return to home ownership between 2-3 years.

My overall assessment for sellers; Now is Your Opportunity to Find Well Educated and Qualified Buyers. As well, you can rest assure that if you find yourself financially distressed, you have plenty of positive options as long as you Act Early.

Investors

There are two types of investors, Fix and Flip or Buy and Hold [Landlords]. My Strong Advice to you is to fully educate yourself about whether you are allowed to conduct repairs to a home safely and in accordance to California’s stay at home order. All workers are not essential.

Also, there will be many renters who are losing hours or jobs for the next 3 months. Be prepared to cover 100% of your mortgage payment as evictions are currently on hold.

My overall assessment for investors is to educate yourself before your buy your investment.

I want to thank everyone for your time and attention. If you have questions, please feel free to contact me directly at 562-243-2581.

03/18/2020

Interest Rates are at an All Time Low!
This means Lower Payments for your Home

Call Me Today for More Information 562-243-2581

Looking to Sell Your Home?
Buyers are Looking to Purchase Great Homes Like Yours!

01/16/2020

Call Me to See this Home Today
562-243-2581

Lakewood Park beauty with fabulous curb appeal is sure to please. This gorgeous home has been remodeled with flair. Wrap around living space connecting to a warm open kitchen is ideal for a dinner or cocktail party. There are three bedrooms in a "wing" including a large master with en-suite bathroom, spacious closet and sliding glass doors to the park like back yard. The backyard captures SoCal living at it's best with a gazebo and a hot tub and beautiful landscape. An additional bonus room on the opposite "wing" can serve as an office, a family room or a 4th bedroom. In award winning LBUSD, this home is priced to sell!

01/16/2020

Call Me to See this Home Today
562-243-2581

This awesome home features three bedrooms and two bath. Two of the bedrooms have been enlarged for comfortable living. This bright and sunny home has over 1700 sq ft of living space with a spacious sunken family room with fireplace. The kitchen has been recently with granite counters and solid oak cabinets, nice skylight. Both bathrooms have be upgraded, redone hardwood floors, whole house fan, new copper plumbing, and newer roof. This home has been owned by one family for many years. Centrally located to Lakewood Mall, Restaurant Row, Long Beach Airport, The LBX hanger, and Lakewood Country Club. Move right in!