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Pay off mortgage loan to build wealth; be cautious of HELOCs

Nearly a decade since the Great Recession decimated wealth in American real estate, we’re seeing the return of a major contributing factor that had all but disappeared from the industry. The home equity line of credit is back. A HELOC is a line of credit backed by a homeowner’s real estate equity. Once approved, consumers can essentially charge their expenses to the HELOC like a credit card and then pay back the balance each month – usually with a much lower interest rate...

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Redux Realtors: Don’t underestimate the power of presentation of a home

For our latest project, we were asked to look at the home of a past clients’ parents in La Mirada. The parents are elderly and no longer able to live alone. While the home had been loved, it had not been updated in many, many years. The parents were not too keen on the idea of spending money on a home makeover given that there was no firm guarantee as to what the home would actually sell for. We got the bids and showed the homeowners that by spending a relatively...

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Martina’s Corner: If you love what you do for a living, it’s not really work.

If you love what you do for a living, it’s not really work. How many times have you heard this saying? Real Estate has always been a work of love to me rather than a job. Close to 25 years of helping people attain their dreams brings me great joy. This year I feel has been the busiest year ever, with so many homes needing a make-over before we put them on the market. Having an owner place his or her complete trust in me to make the right decisions on repairs, improvements,...

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A golden outcome: Key home improvements in short time span yield multiple offers, happy seller

With only a 12-day window in which to complete our latest project, we had our work cut out for us. We had a pretty significant list of items that needed a little TLC. We refinished the hardwood floors, which date back to the home’s construction in 1956. We also installed new tile in the master bathroom. A fresh coat of paint is one of the best things you can do to immediately give new life to a room. We repainted the interior including the kitchen cabinets. We also made...

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A golden opportunity in Golden Hills: Can we stay under budget and on-schedule?

At Bobbett and Associates, we do all we can to help our clients see the highest return on their investments, and we do so by advising them on key improvements they can make upon listing their home that enable us to ask a higher asking price than we might otherwise be able to. Our latest renovation project is an exciting one. We were called by an out-of-area property owner who was looking to sell a very special house – a property in the Golden Hills neighborhood that’s been...

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Bobbett & Associates: All spruced up after strategic improvements make best use of seller’s budget

As our clients’ advisors and support, we make every effort to guide home sellers toward home improvement projects that will add value to their home and maximize their sales price. Our latest project property had been a rental for many years and was in dire need of some TLC, and we were faced with some large home improvement chores. We oversaw every aspect of this renovation project on behalf of our out-of-state seller: new roofing, permitting, landscape clean-up, interior...

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