Real Estate from L.A. To Palm Springs

We sell homes from L.A. to Palm Springs and we're based out of Whittier, CA. As a real estate agent Jose Perez and Associates offers insights and updates into the housing market in Whittier, Downey, Pico Rivera, Norwalk, Pomona, Chino, Chino Hills, Ontario, Eastvale, Norco, Corona, Riverside, Covina, and West Covina.

July 30, 2021

2083 Ramsey Way Pomona, CA 91767

2083 Ramsey Way Pomona, CA 91767

Outstanding living is available now at this beautiful residence in Pomona. Well placed on a cul-de-sac, this 3 bedroom, 2 bath, 1142 square foot ranch-style home has everything you need to live your best life every day! As you tour the home, large windows let in plenty of fresh air and sunshine. Cook to your heart's content in your kitchen complete with vast storage and quality appliances. Out back you will discover a lovely covered patio that is the perfect place to host a summer celebration. Relax and unwind next to the pool with spa in the perfect weather any time you wish. Close to the 60 Freeway, 

Claremont border, and Claremont village. 

Schedule your showing today! (562) 646-6321

2083 Ramsey Way Pomona, CA 91767​​​



Jose Perez and Associates
Broker Associate | Mortgage Advisor
DRE 01316658      | NMLS 2036675
562-646-6321 | 951-444-5811
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Posted in Homes for sale
July 20, 2021

California City Lot For Sale

California City Residential Lot


Welcome to beautiful California City! There are two state parks nearby, Red Rock Canyon is to the north and Tomo-Kahni is to the east. The city also offers a desert tortoise natural area, year-round golf, wildflower viewing, and driving tours. This piece of residentially zoned land is 116' by 63'. This is a great opportunity to own a piece of land! Where else can you invest $5,000 and get a return that appreciates faster?


Jose Perez and Associates
Broker Associate | Mortgage Advisor
DRE 01316658      | NMLS 2036675
562-646-6321 | 951-444-5811
## ## ##
Posted in Homes for sale
June 17, 2021

June 2021 Real Estate Update


It's a great day at Jose Perez and Associates. My name is Jose Perez, and I'm here to give you an update for the month of June. There's three topics we want to share with you guys today. Number one is interest rate and appreciation and how that impacts you, especially if you're already a homeowner. Number two, Joseph's going to share with you guys affordability and real estate investing as a whole so stay tuned for that. Number three, I want to give you guys a few strategies that we've used for people who currently own a home and are looking to sell that home, to buy their next home.

What Is The Refi Now Program?

Number one, we want to share with you guys, interest rates and appreciation and how that impacts you if you're currently a homeowner. So get this, the GSE has just rolled out a program called The Refi Now. The purpose of this program is that if you missed out on the peak of the market last year when everybody was refinancing this program's for you. They are lowering fees and making sure that there's a benefit to you, even going up to 65% debt to income ratio. If you've gone through a refinance, you know what I'm talking about. Anyways, we have access to that program and due to the fact that property values year over year went up 22% here in LA county. Even if you've been at your house for nine, 10 months, guys give us a call. We might be able to get rid of the mortgage insurance and get you a lower interest rate, so take advantage of that. Number two, here comes Joseph to share with you guys about affordability and real estate as an investment.

Housing Affordability

Hey everybody Joseph Portillo here with Jose Perez and Associates, and I want to talk to you about housing affordability. A lot of our clients reach out to us and ask us, "Hey, can we afford a home?" Well, studies show that since January of 2019 housing affordability has actually gone up, but this March was the first time we saw a decline because of the increase in interest rates. So if you're on the fence about buying a home, now's a great time. Give us a call before interest rates start to go up. Gallup recently also did a survey that buying a home is a great long-term investment. 41% of Americans say that buying a home is better than buying stocks and gold. So if you're on the fence about buying a home, give us a call and we'd love to help.

One Way To Sell Your Home For Your Dream Home

Number three, we've had a lot of people who currently own a home and are thinking about selling, but they don't. Why? Because they don't know how, or what, they're going to do if they can't go out there and find something else. Sometimes you want to sell your house and make it contingent on finding your replacement home. That just doesn't make you the most attractive seller, and it doesn't make you the most attractive buyer. So I want to share with you guys what one of my sellers slash buyers did. They actually reached out to Extended Stay, and it's kind of cool. They have two beds. They have a kitchenette, and they have a bathroom. They have a big grandfather chair. They have a desk. They have free cable, free wifi, and costs right around $3,000 a month. But it's the cost of doing business. It's one way where you can sell your home, be on vacation mode for a little while, until you go and find your perfect home. Let me ask you this, I want to challenge you guys with this thought. Would you be willing to go to that extreme to sell your house and buy your dream house? Anyways, guys, I hope you enjoy the update for the day for me and Joseph. This is for the month of June, 2021. If you're looking to buy, sell, or refinance or invest, reach out to us (562) 646-6321.

Posted in Market Updates
May 20, 2021

May 2021 Real Estate Update


It's a great day at Jose Perez and Associates. My name is Jose Perez. I'm here to give you an update for the month of May. Three topics that we keep talking to people about. We keep getting asked, are we in a bubble? Stay tuned for some information on that. Number two why are people buying and selling, the market's crazy. I've got five reasons to share with you on that. Number three, what are the projections for interest rates and which direction they are headed. Stay tuned for more info.

Are We In A Bubble?

Welcome back. So, number one, we keep getting asked, are we in a bubble? So you're not alone. Look at this research done by Google "When is the housing market going to crash?" That phrase alone has spiked 2,450% in the past month. Now here's the thing, if you want more information on that, watch our video from last month, we really went in-depth. (April 2021 Real Estate Update) However, take a look at this one chart. Look at how many homes were built in the seventies and the eighties, nineties, two thousands, and 2010s. Guys in 2010, we only built 6.5 million homes. Now, if we just look at how many people are on this earth, we have more people yet we're building less houses. So clearly we have an inventory issue, and I just want to say the same thing that Lawrence Yun said. He said, "this is not a bubble, it is simply a lack of supply." Guys I wholeheartedly believe that, so watch who you hear. This is who I believe.

What Are Your Housing Needs?

Number two, if you look at why people are jumping into making moves in the tough market, like the one we're in, it's a double-edged sword. As a seller, man, take advantage of it you're in a really sweet position. You get lots offers, you get strong offers. When you go out to buy, now, the tables are turned and you've got to deal with it, but it can be done. Now five reasons why people are making moves is number one. Our home no longer meets our needs. That's a very common one. Number two, we can make a profit in the current market. Number three, we want a smaller house. We want less work. Number four, we want to live closer to friends and family. And number five, we want different features and amenities. These are all really common for us guys. If any of these apply to you or any other ones, feel free to give us a call. We'll give you guys a free one-on-one consultation to see if this is the right time for you.

What Are Interest Rate Projections?

Now guys. Number three, interest rates and projections. The people that we listen to is Fannie Mae, Freddie Mac, the national association realtors, and mortgage bankers association. They're predicting that rates are going to go into the mid-threes come the next couple of quarters. We really don't know, but these are their predictions. Now based on the fact that we're building so much equity and rates are on the rise, if you bought a house in the last couple of years, you were in a great position. You have, really good problems to have. Number one, should I refinance it? Number two, should I sell and upgrade or downgrade? If you bought your house and you have mortgage insurance, for sure you owe it to yourself to give me a call. In about five to 10 minutes I'll let you guys know if we can get rid of your mortgage insurance right away. Now, also, if you built up some equity, you've been there for a couple of years. You can use that transferred to another home and still lock into these low rates. So take advantage of the low rates.

If you have any questions, as you know, we cover from LA to Palm Springs and everything in between. Give us a call at (562) 646-6321.

Posted in Market Updates
April 16, 2021

April 2021 Real Estate Update



It's a great day at Jose Perez and Associates. My name is Jose Perez here to give you an update for the month of April. Three topics I want to share with you guys today. So one, we're getting a lot of people asking us, should I add to my house? Should I make improvements or should I just sell and have a house that already has everything. That's one hot topic. Hot topic, number two why are people making these high offers? Should I even buy it right now? Joseph's going to share with you guys some great news on that. And number three, if you're thinking about selling your house and moving to the next one, and you don't want to be left homeless, we have nine strategies on how to do that safely. Stay tuned for that.

Do I Need An Addition Or A New House?

Welcome back. So, first off, if you're thinking about adding to your house, maybe creating a new office or a little school for your kids, we have options for that. You're weighing that out versus buying a bigger house that already has that built-in. Here's the beauty as a certified mortgage advisor and a broker with 21 years of experience, we have the ability to look at both options and see what makes sense for you. Sometimes in the market, we're in right now, the cost of construction is going up. So we want to explore the options and comparing contrast whether it's worth it for you to do a cash-out refinance, to have the funds to add to your property, or if it's easier for us to go out and find you a bigger home that already has those amenities. So if that's you give us a call so we can look at that directly.

Should I Put In An Above Asking Price Offer?

Hey, everybody, Joseph Portillo here with Jose Perez and Associates and I want to share with you some thoughts about buying a home. If you're on the fence about buying a home because it's competitive and you're hearing people writing offers over the asking price, and you think it's crazy. I want to share with you why it's not crazy. In California, the average appreciation price for homes last year was $55,000. That means that for some people writing offers 15 to $25,000 over the asking price, they're getting their money back and then some in a 12 month period. So in addition, you're able to secure some of the lowest interest rates we've seen in a long time. So people aren't crazy, people are just banking on appreciation, going up and it continuing to do so.

What Option Will You Use To Sell Your Home?

Number three, guys, if you're looking to sell your house and buy your next home, and you're afraid of being homeless, I just want you to know we have nine options that you can pick from now. I'm just going to give you two for today. The rest you have to call for. So number one is we sell your property contingent. That means there's a condition contingent on you finding that perfect replacement home. Or number two, a bridge loan. As a lender we have so many different options with lenders out there and a bridge loan will allow you to use your current equity so that you can get into your next home without being contingent. So if you're thinking about buying, selling refinancing, or just want to get an assessment of your equity position, give us a call today at 562-646-6321. We look forward to serving you next.

Posted in Market Updates
March 15, 2021

March 2021 Real Estate Update

It's a great day at Jose Perez and Associates. My name is Jose Perez. I'm here to give you an update for the month of March. We have three topics I want to talk to you about today. Number one, are we in a bubble? Have you heard of anybody talking about that? Number two interest rates are on the rise. How does that impact you? And number three, what are the benefits of homeownership? We're going to cover that today. So stay tuned for that.


Are We In A Bubble?


Welcome back. So, number one, are we in a bubble? Do you have a parent, a friend, a family member, somebody that might have PTSD from 2008 when we had that market crash, that has told you, "Hey guys, we're in a bubble. You shouldn't buy." We're hearing that a lot lately guys and we're trying to decipher the information so that you can make an informed decision. Now, I want you to take a look at this chart. This chart here shows us the four years leading up to 2006. When everything began, if you can see 2002, 2003, 2004, and 2005, the average appreciation across the country was 10.3%. If we look at the last four years, we're averaging 6.3%. That's a 4% difference that shows you that we are not in a bubble. In addition, the type of financing that's being provided today is really verifying everything. Making sure that everybody truly qualifies for their mortgage. So guys, when you hear these things out there, the naysayers, remember we are not in a bubble.


Interest Rates On The Rise


Hey everybody, my name is Joseph Portillo. I'm the buyer's specialist here at Jose Perez and Associates, and I want to share with you, the interest rates are on the rise and how that impacts you as a buyer. Number one, when interest rates go up, your buying power goes down, meaning you qualify for less. And number two, that can affect your monthly mortgage payment going up. So when you're buying a home, you're locking in that rate for 30 years and the higher the rate, the more you're paying over the life of the loan. So, if you're on the fence about buying a home, give us a call. We'd love to educate you on the buying process. The longer you wait, the higher the rate.


What Are Some Benefits Of Home Ownership?


Number three, I want to share with you guys the benefits of homeownership. So first and foremost, every time you make your payment on your mortgage, there's money going towards your principle and interest. Let's talk about the principle that might as well be called a forced savings account because as you make your payment, it's building equity. Just like if you would have the money in a savings account. Now, number two is your taxes. When you go do your taxes, you're going to have so many more write-offs that you didn't have before getting, the ability to write off your interest on your taxes. Don't take my word for it, talk to your tax person. But there's at least a couple of thousand dollars that you're going to be able to benefit from. And number three, which is my favorite, appreciation. You buy a house for 400,000, right? It goes up 6% this year, that's $24,000 that you just made in equity. What else could you have done where you would have made that kind of money by simply making your monthly payment? The last one, which a lot of people don't talk about is the homeowner's exemption. Are you aware that if you were to sell your property today as a single person, you can make $250,000 tax-free? As a married couple, you can make $500,000? Guys, there's so many benefits to homeownership. If you're thinking about buying a house or selling a house, reach out to us. As you know, we lead by education. Give us a call at (562) 646-6321.

Posted in Market Updates
Feb. 16, 2021

February 2021 Real Estate Update

It's a great day at Jose Perez and Associates. My name is Jose Perez, and I'm here to give you an update for the month of February. There's three topics we want to share with you today. Number one is forbearance. What you need to know, how it impacts your credit and your house. Number two, guys, home buyer, frustration, we're hearing you and what we've done is we've come up with two niches just for you to solve that issue. Number three, refinances, what you need to know when you're looking to refinance and what interest rates are doing for the rest of the year. Stay tuned for that.


What Is Forbearance?


Welcome back. So, number one, guys I want to talk to you guys about forbearance. Now, what it is, this is when the bank allows you a separate payment plan for the amount of payments you've fallen behind on your mortgage. Now it doesn't mean they forgive you for it. It means you've got your payment to make and then in addition to that, you have a separate payment for the months you've fallen behind. Now, while you're making those payments, that means you're in a forbearance plan. So a lot of people are now trying to refinance or sell their home or do different things and they're finding that that forbearance is impacting their credit. If you're one of those people that did a forbearance and are looking to find out what your options are and how this has impacted your home and how it's impacted your credit, give us a call. We'll give you a free personal consultation so you can know exactly what your status is. Now. Number two, guys, we've heard you, there's buyer frustration out there, and Joseph's going to present you guys with two niches that are really going to help you today.


New Home Builds


Hey everybody. My name is Joseph Portillo. I'm the buyer specialist here at Jose Perez and Associates, and I want to talk to you about buyer frustration. We found two niches that have helped our clients. Number one is new home builds. We've built partnerships with new home builds from LA to Palm Springs, and particularly in Whittier and in Ontario. New home builds is a great opportunity for you as a first-time buyer because you have less competition. And were you aware that with the new home build, you have a 10-year warranty that comes with the home? Also today, one in four people are working from home. That's up significantly from 6% back in 2019. That means that those folks will be upsizing to a larger home and their home would be up for sale, which is perfect for a first-time buyer.


Mortgage Rates


Number three refinances, I've realized that folks out there don't know how to shop for the best mortgage. Now, guys, this isn't like buying something on OfferUp where you see this pricing and you end up making an offer for a little bit less. You're not bargaining. What you want to do is you want to find the best possible mortgage for your family that's going to benefit you today and benefit you five years from now, 15 years from now, and even 30 years from now. You want to find the best mortgage that's going to be in alignment with your financial plans. So if your lender is not doing a total cost analysis for you, beware. We're doing that for free for our clients. If you guys are interested in finding out what's the best loan option for you, reach out to us directly. Now, interest rates really important that you know, interest rates are still low. They're hovering around 3% and we're expecting them to go a little bit higher. Look at this graph that I'm going to show you guys. Here in the second quarter of 2021, we're expecting rates to be on average 2.92, third quarter 3.02, and fourth quarter 3.07. So as you can see, interest rates are starting to go up a little bit higher, but are still are at record lows.

Now in the first week of March guys, we're going to be uploading our new Home Seller Guide and Home Buyer Guide. So I want you guys to stay tuned and make sure you download that. Until next time, please keep us in mind if you're looking to buy, sell or refinance, we are here for you.

Posted in Market Updates
Jan. 14, 2021

January 2021 Real Estate Update


My name is Jose Perez. I'm here to give you an update for the month of January. First, and foremost, Happy New Year. 2021 is here. We're here to talk about three topics. Number one, we're going to talk about recession versus home appreciation. Number two year over year equity gains and what that means to you. And finally, number three, I'm going to take my crystal ball and share with you guys what I think will happen this year of 2021.


Recession versus Property Values


Number one, last year, we shared a graph with you that showed the last five recessions and what that did to property values. Now we're pretty excited because we're dead on. We have the updated information and as we're getting out of the last recession, we can show you the last six recessions and I can share with you guys confidently that over this last recession, property values still went up 7.3%. Just showing that buying real estate is still a sound investment.


Property Values On The Rise In The Long Run


Number two, for those buyers working with us now, or those planning to take advantage of homeownership in 2021. I want to share some exciting news with you. Over the next five years, property values are going to continue to go up, and let me give you this example. A home sold at $300,000. Now over the next five years, it will appreciate $54,000. Nowhere else besides real estate, can you get a return that great. In addition, I want to share this chart with you guys that shows last year alone in California, property values went up $34,000, even during a pandemic. That was the second-highest appreciation in the nation.


What About Property Values This Year?


Number three, I'm gonna take my crystal ball and share with you guys where I think it's going to happen for 2021. Now we take all the experts and we figure out what they think property values are going to do over the next 12 months. Guess what guys? It's pretty much everybody thinks it's going to go, about 6%. I think Southern California is going to be a little higher than that. I particularly think that the second half of the year is going to be crazy for property appreciation. In addition to that interest rates are still at a record low. I think we're going to start going up a little higher, but right around 3% over the next few quarters. If you're thinking about buying a house, do it now, rates are low. You're thinking about refinancing your house, do it now rates are low. If you guys have any questions in regards to buying, selling, or refinancing, please reach out to us at 562-646-6321 or 951-444-5811.

Posted in Market Updates
May 11, 2020

Spring 2020 Buyers Guide

May 11, 2020

Spring 2020 Sellers Guide

Posted in Sellers Tips