Category Archives: Real Estate

How Your Neighborhood Affects Your Home’s Selling Price

Barry Dantagnan pic

Barry Dantagnan
Image: barrydantagnan.com

Sherman Oaks, California, realtor Barry Dantagnan serves as a previews estate director. Barry Dantagnan works with homeowners to help them sell their property at the best price possible.

If you are looking to sell a house, you want the best price for it. While you may have a target in mind, your neighborhood plays a role in the ultimate price tag on your home.

Your home’s value will reflect local prices. To determine just how much the market is willing to pay for a home in your neighborhood, research previous homes sold in the area within the previous six months. Interestingly, the same house in a different location could sell for a different amount.

Your home’s price tag will also mirror local demand. If your neighborhood has a growing population with a large job base, the price tag will be high. If the job base is lower and the population waning, the market won’t bear as high a price.

Other factors to consider include neighborhood boundaries, proximity to railroads or freeways, security, and square footage.

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Defining Mortgage Loans

Barry Dantagnan pic

Barry Dantagnan
Image: barrydantagnan.com

Barry Dantagnan has served as a real estate agent for over 25 years. A top producer in Coldwell Banker’s Sherman Oaks, California, office in 2013 and 2014, Barry Dantagnan has experience administering mortgage loans.

Also known as a lien against property, a mortgage loan is a form of credit used to finance the acquisition of a house. In this form of agreement, a buyer, which can even be an organization, receives financing from a lender, usually a bank, to buy a house, which constitutes the loan’s security.

The buyer is obligated to pay back the amount loaned over a specified period, with interest, and in case of default, the lender can evict the buyer and sell the home to recover the outstanding amount. This is known as foreclosure.

Mortgages can vary in their length from five to 50 years, periodic payment amounts, and interest rates, with some having fixed and others variable rates.