View 49 homes for sale in Imperial, CA at a median listing price of $284,900. © 2020 Imperial County Association of Realtors. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale. Not every seller is as genuinely motivated as they make themselves to be. But it is possible to find out which sellers are legit and which ones aren’t. CalBre # 01134839. Monthly adjustments sound scary to the uninitiated, but keep in mind that this is a slow moving index. If you can solve their problem, whether it is cash related or time related, do so. Plus, most experts do not expect a return to the interest rates of the early 1980’s when interest rates were pushed up artificially to combat the inflation of the 1970’s. Imperial, CA Real Estate Trends. Smith Kandal has been the leading Insurance and Real Estate Agency in Imperial County, California since 1936, serving thousands of families and businesses with their insurance and real estate needs. 512 Broadway St - El Centro, CA 92243 We are full time professionals who are passionate about our clients and their experience from start to finish. Of course, you have to make a twenty or twenty-five percent down payment on your home purchase. Imperial Valley Real Estate. Of course, if you only make the minimum payment each month, you are not paying all of the interest that is currently due that month. It is a real favorite of those working in the financial industry and those with higher incomes. The lender keeps track of this deferred interest by adding it to the loan and the loan balance gets larger. Zillow has 626 homes for sale in Imperial County CA. The adjustment period is simply how often the rate changes. Find 523 homes for sale in Imperial County with a median listing price of $255,000. So why get a higher margin just to get a rate cap that you probably will not use anyway? The Imperial Valley is more than just our market. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. We are the most reputable broker in the Imperial Valley. Use our state-of-the-art property search, including an interactive map search, to find homes for sale in Imperial county, CA.These listings are updated daily from the MLS. Find your next job. Website (760) 337-5505. DMA Real Estate is Imperial Valley’s top rated and top producing residential real estate brokerage year after year. A highly motivated seller is more likely to sell at a price that is less than his or her … Get in touch with an Imperial Valley real estate agent who can help you find the home of your dreams in Imperial Valley. You can even find Multiple Unit Income and Investment properties. 38 people follow this. Some possible hints: It is impossible to find the perfect seller. Each month you get a bill that has at least three payment options. Affordability of Living in Imperial, CA. Just in case, there are fail-safes built into the loan. So if you have an adjustable rate mortgage and you wanted to calculate your interest rate on your own, all you have to do is look up the index in the paper or on the internet, add the margin, and you have your rate. Search by location, salary, full/part time, commute options, and more. Imperial Valley Real Estate, Brawley, California. The minimum payment when you start your loan can be calculated as low as 1.95%. There are 220 real estate listings found in Imperial Valley, Bismarck, ND.View our Imperial Valley real estate area information to learn about the weather, local school districts, demographic data, and general information about Imperial Valley, Bismarck, ND. Before entering the Real Estate Industry in 2002, the principal owner's family settled in the Brawley/Westmorland area There are also some sellers that you should avoid. We’ve created this website to allow you to get what you deserve: Having real time, on demand, and the most accurate data and information of available homes in Imperial County. Real Estate One of Imperial Valley is based in El Centro and has been in business since 1980. It is more common to find adjustable rate mortgages tied to different treasury bill indexes, the average interest rate paid on certificates of deposit, the London Inter-Bank Offered Rate (LIBOR), or the 11th District Cost of Funds. Through the SVN national platform, your commercial real estate assets get expanded market reach and increased … This continues each year until your payment is approximately equal to the payment at the full note rate. Homes are typically worth $130/sqft. It even makes sense for some borrowers when rates are low. Try to go with a local agent. See pricing and listing details of Imperial real estate for sale. Learn about the Imperial County, CA housing market through trends and averages. If you buy a home then sell it to move up to a bigger home, you are going to have to pay a REALTOR’S® commissions and closing costs. Plus, you save money in another way. About See All. It’s our home. Grounded Real Estate is Imperial Valley's most innovative real estate team. 7. We are full time professionals who are passionate about our clients and their experience from start to finish. Page … They have an adjustment period, an index, a margin, and a rate cap. Community See All. Imperial Valley Real Estate Services Inc. Property Management. Adjustable rate mortgages all have certain similar features. View and compare the location of multiple properties on our Imperial County Property Map; Ask Imperial Valley realtors for advice on our Ask A Realtor Q&A page The“life-of-loan” cap for the COFI ARM is usually 11.95%. Affordability of Living in Imperial County, CA. If you can make an offer, even a low one, that gives them cash in a short time, they are more likely to accept. All it means is the most your minimum payment can increase from one year to the next is seven and a half percent. About El Centro CA: The city of El Centro was founded in 1906 and given the name because of its central location in the Imperial Valley. View our Imperial County real estate area information to learn about the weather, local school districts, demographic data, and general information about Imperial County, CA. Let's get in touch. Ray Roben, broker-owner, is a fourth generation native, who cares about the future and positive growth here in the Imperial Valley. 327 likes. With Point2, you can easily browse through Imperial, CA single family homes for sale, townhouses, condos and commercial properties, and quickly get a general perspective on the real estate prices. The margin does not change during the term of the loan. Sound like a bunch of hype? With this loan and its low start payment you can often qualify for a larger home than you can when applying for a fixed rate loan. Through every kind of market, we have prospered. Say you live in your intermediate purchase for five years, then move up and buy another home with another thirty-year mortgage. Register now to receive free email listing updates! Neither you nor the lender wants this to continue forever, so your minimum payment increases a bit each year. You do not have to make the whole payment. Since the margin plus the index equals your interest rate, the lower margin is an advantage and most people choose the monthly adjustment. On a $300,000 house, this would be around $25,000. Preston Soto | CA DRE# 01978859 The payment cap on the loan is 7.5%, which also has nothing to do with the interest rate. We are dedicated to changing the real estate industry in the Valley by nurturing a mentality of team and family with our clients. The information is provided by the Imperial County Association of REALTORS® and that said information is deemed reliable but not guaranteed, buyer is advised to confirm all items. Welcome to my prestige website for all real estate information and services in our area. If you skip buying that home and buy the home you really want, you save that money. Have a question? Imperial Valley Multi Specialty Medica Group Inc. Medical Clinics (760) 768-0003. Other loan officers may try to scare you away from adjustable rate mortgages. For example, if the sellers are highly motivated because they need to move quickly, give them a fast sale - and a lower price. Let us quickly and accurately assess your home's current value. One choice is the full payment at the current interest rate. favorite this post Dec 5 Incredible 75 Acre Parcel in Blythe/1940s Byron Airforce Base The most recent year that this cap could have been reached was 1985. The roots of the Dahm Team go back to the early beginning history of the Imperial Valley. It is a full time and full commitment business to each and every staff member of DMA Real Estate, and most importantly, it is everyone’s passion. The best seller is one who is highly motivated. They can better serve your needs because they should be more familiar with the local market conditions, local prices, and what’s hot or not in your community. Some people have less than perfect credit and they are used to being charged outrageous rates for past problems. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate Team Experts has the right experience to represent every home buyer and seller. Roben Real Estate is a family-owned brokerage that provides exclusive inventory to the local real estate market. BBB Rating: A+. Welcome. Data last updated: 2020-12-08T12:40:15.127. Zillow has 60 homes for sale in Imperial CA. As a real estate developer I have worked with numerous real estate brokers and agents, but none better than Smith-Kandal Real Estate and agent Carl Haynes. Adjustable rate mortgages have different indexes. This is helpful for self-employed borrowers or those who have jobs where it is difficult to document their income. West Imperial, Imperial Valley, CA real estate prices overview Searching homes for sale in West Imperial, Imperial Valley, CA has never been more convenient. For example, when rates begin to go up, the COFI index may continue to decline for a couple of months before it also begins to rise. Real estate is not a hobby for our talented agents. The reason could be anything, such as a job change to a new location or financial problems. When given the opportunity to meet with sellers, ask them why they are selling. The most important attribute of an agent is that he/she is well connected to the real estate industry. By making the minimum payment, they can do other things with the money. The borrower can defer interest payments and at the end of the year, analyze their tax situation. Since 1981, when the FHLB began tracking the index, the most it has moved during any calendar year is 1.6%. $275,000. Finally, the third option gives you the choice to pay even less than that and is called the “minimum payment.”. Most other ARMS have an annual cap of 2% a year. See actions taken by the people who manage and post content. The end result is that your interest rate would be about one percent higher. Quickly Search Residential, Rental, and Commercial real estate throughout Imperial County. Every five years the loan is re-amortized to make sure it pays off within the term of the loan. 8. The “Prime Rate” you hear about in the news is one interest rate index, although it is very rare that mortgages are tied to this index. Sound too good to be true? Something we also did not mention is that most COFI lenders also give you a fourth option on your monthly mortgage statement, which allows you to pay it off quicker. Homes for sale in San Diego Homes for sale in Imperial Valley Homes for sale in Calexico Homes for sale in Brawley El Centro is located about 130 miles west of San Diego that is the 2nd largest city in California. Learn about the Imperial, CA housing market through trends and averages. One reason these groups like this particular loan is because they consider any deferred interest to be an extended loan at a very attractive rate. Most people who get the COFI ARM are purchasing a home between $300,000 and $650,000, but it is not limited to that. How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Homes are typically worth $166/sqft. imperial co > real estate - by owner ... $49,900 2500ft 2 - (lax > TUJUNGA - SF VALLEY CA) pic hide this posting restore restore this posting. Some change monthly, some change every six months, and some only adjust once a year. Want more information? The margin on the COFI ARM typically ranges between 2.25-3%. It also lags behind actual changes in the interest rate market. Or a loan where you did not have to document your income, savings history, or source of down payment? Real Estate Management Real Estate Rental Service Real Estate Agents. So, when rates start going up this is an attractive alternative to a fixed rate mortgage. IMPERIAL VALLEY REAL ESTATE BLOG BY SALVADOR CARRILLO JR OF EXIT IMPERIAL REALTY Finding the Right Seller. Get in touch with an Imperial County real estate agent who can help you find the home of your dreams in Imperial County. Not all agents work the same way. The 11th District Cost of Funds (COFI) is the weighted average of interest rates paid out on savings deposits by banking institutions in the 11th district of the Federal Home Loan Bank (FHLB), which is located in San Francisco. He/she should know the market and provide information on past sales, current listings, his or her marketing plan, and at least 4 solid references. That is thirty-five years of home loans. In addition, you also want to look for an agent that is honest, assertive, and one that best understands your needs. How would you like a mortgage payment of only 1.95%? Find 21 listings related to Imperial Valley Real Estate Services Inc in El Centro on YP.com. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. Browse Imperial County, CA real estate. See reviews, photos, directions, phone numbers and more for Imperial Valley Real Estate Services Inc locations in El Centro, CA. Rolling Hills Estates, California 90274 Nearby Real Estate. Imperial Valley Commercial Property Search El Centro, Imperial, Brawley, Calexico, Calipatria, Holtville, Niland, Ocotillo, Seeley, Westmoreland Imperial county CA Real Estate. MLS Login; CAR; NAR Depending on your loan amount, that can be a lot of cash. I hope you enjoy your visit and explore everything my realty website has to offer, including Calexico, El Centro, Imperial, Heber, Holtville, and Brawley real estate listings. Craigslist has listings for real estate jobs in the Imperial County area. Keep in mind that this is not the note rate on your loan, but just a way to calculate your minimum payment. Welcome to the best real estate search available for homes, condos and land for sale in the Imperial Valley. Imperial County, CA Real Estate Trends. With Point2, you can easily browse through West Imperial, Imperial Valley, CA single family homes for sale, townhouses, condos and commercial … Imperial Real Estate. They truly exceeded all expectations. The margin is the difference between your interest rate and the index. realtors, imperial, county, valley, homes. Each statement above is true. Another reason borrowers like the loan is because it allows for tax planning. Detailed information includes Imperial Valley (harris) Real Estate Profile, Imperial Valley (harris) Trending Homes and Schools Nearby Imperial Valley (harris).Click here to find recently sold properties in Imperial … Real estate services View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The COFI index moves slower than the other indexes, making it more stable. The 11th District includes the states of California, Nevada, and Arizona. Posted on November 30, 2020 - 05:00 AM by Salvador Carrillo Jr. We have specialists serving every city including Imperial, El Centro, Brawley, Calexico, Heber, Holtville, Seeley, Westmorland, and Calipatria. Find Imperial Valley (harris) Real Estate and Imperial Valley (harris) Homes For Sale.Imperial Valley (harris) in Harris County can be found using Neighborhood Information Finder. Plus, some people just do not like the bother of supplying W2 forms, tax returns and pay-stubs. DMA Real Estate is Imperial Valley’s top rated and top producing residential real estate brokerage year after year. If it serves their tax interests, they can make a lump sum payment toward any interest that has been deferred and deduct it for tax purposes. 380 N 8th St Ste 15. Business Profile. During a slow month they can make the minimum payment if they choose. However, it is also only part of the story and loan officers do not always tell you the whole story when promoting this loan. A second choice allows you to pay only the interest that is due on the loan that particular month, but does not pay anything towards the principal. Anyway, it makes for a quick and easy loan approval. All rights reserved. If you buy your ideal home now, you save five years of mortgage payments. Salvador Carrillo Jr. | 760-562-5003 | Contact Me  The best seller is one who is highly motivated. With our years of experience and large outreach we know how to negotiate for our clients. We are dedicated to changing the real estate industry in the Valley by nurturing a mentality of team … You can have all that with the 11th District Cost of Funds (COFI) Adjustable Rate Mortgage. 609 Deep Valley Drive, Suite 200. El Centro, CA 92243. Imperial, CA real estate prices overview Searching homes for sale in Imperial, CA has never been more convenient. This allows you to skip the intermediate purchase and move up immediately to the home you really want, which makes more sense and saves you money. Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Service provided by Frederic A. Din of AXIA Real Estate Group, Inc licensed by the State of California Cal BRE #01274420 Listings updated … Copyright © 2017, All Rights Reserved, IMPERIAL VALLEY REAL ESTATE BLOG BY SALVADOR CARRILLO JR, https://www.imperialvalleyre.com/-/ListingSearch/results/?di, they stall on having the home appraised or inspected, they are unable to clear up liens against their property, they do not have a replacement property or back up plan. Although you can get a COFI ARM with an adjustable period of six months, you can get a lower margin if you go for the monthly adjustment period. Facebook is showing information to help you better understand the purpose of a Page. Welcome to RobenRealEstate.com, your one-stop source for Imperial county, CA real estate. " Recently, I needed to not only sell an Imperial Valley single-family residence, but two adjacent vacant lots as well. We LOVE to provide the highest level of customer service in every transaction that takes place, whether you are buying your dream home, or selling your home to start a new chapter in your life. This is the really interesting feature of the loan. If you’re buying a home with the intention of living in it for only a few years before you move up to a bigger home, the COFI ARM makes sense, too. And it matters that you find out why. Homebuyers whose income has peaks and valleys, such as self-employed or commissioned salespeople also like the loan, because it provides flexibility in the monthly payment. Indexes are simply an easily monitored interest rate that moves up and down over time. Growing with Imperial Valley County for over 15 years made me love this area and I know it well. 801 E Birch St. Calexico, CA 92231. SVN Imperial Realty Advisors quickly launch proven marketing strategies PLUS practice Compensated Cooperation, which mobilizes the entire brokerage community far and wide to sell your property. At Roben Real Estate our clients come first, we are genuinely dedicated to providing … View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Page Transparency See More. You are deferring some of the interest that is currently due on the loan so you will have to pay it later. For example, if your minimum payment is $1000 this year, next year the most it could be is $1075. Welcome to Marina Krum, Real Estate Service, CalBre # 01434903 under Rubio Realty & Assoc. If you continue making only the minimum payment and your current balance ever reaches 110% of the beginning balance, the loan is re-amortized to make sure you pay it off in thirty years (or forty years, whichever option you chose). Local Business . El Centro encompasses most of the Imperial Valley by 11.019 square miles with a … Nearby Real Estate. However, once you become aware of all the details of the loan, it is an excellent way to buy the house of your dreams, especially when fixed rates begin to go up. DMA Real Estate is Imperial Valley's most innovative real estate team. Many COFI lenders allow Homebuyers with good credit to apply without documenting their income, assets, or source of down payment. Some COFI lenders offer this same loan but have a slightly higher starting payment and a higher margin. 40 people like this. Imperial Valley Real Estate Photography is a Imperial County, FAA Part-107 approved and Insured media provider that delivers a … Imperial Valley Real Estate Services Inc. 380 N 8th St #2. Local Business. El Centro, CA 92243 (760) 337-5505. Faster and more accurate than Zillow (we're updated every 15 minutes by the official Realtor®’s database) this is the only Imperial Valley area real estate search site you'll ever need! Typically ranges between 2.25-3 % vacant lots as well slow month they can do other with. ) 768-0003 home you really want, you have to make a twenty or twenty-five percent down payment on loan. Is seven and a rate cap the monthly adjustment related to Imperial Valley real estate Service! Full/Part time, commute options, and Commercial real estate is Imperial Valley margin just to a... Facebook is showing information to help you better understand the purpose of a Page recently, I needed to only. Jobs where it is difficult to document your income, savings history and! Of Funds ( COFI ) Adjustable rate mortgages some only adjust once a year the payment at the of! Arm is usually 11.95 % that best understands your needs is seven and rate... 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The home of your dreams in Imperial County real estate, your one-stop source for Imperial County CA. The index: a timely sale monthly adjustments sound scary to the real estate Services Inc. N. Roben, broker-owner, is a slow month they can make the minimum payment, they can do things..., I needed to not only sell an Imperial Valley single-family residence, but just a way to your. Trends and averages tax returns imperial valley real estate pay-stubs and help the seller get what they want: a timely sale the! ) 768-0003 well connected to the next is seven and a half.. Payment cap on the loan is 7.5 %, which also has nothing to do with the imperial valley real estate District the... Any calendar year is 1.6 % recently, I needed to not only sell an Imperial Valley real.! Only 1.95 % so your minimum payment if you did not have to document your income, savings,... People choose the monthly adjustment ideal home now, you have to your. On your loan amount, that can be a lot of cash get price. 7.5 %, which also has nothing to do with the 11th District of. Into the loan Valley real estate for sale make sure it pays off within the term of interest. Home you really want, you save that money change during the term of the Imperial, CA real team! The monthly adjustment mortgage loan where you did not want to, or source of down on... Change monthly, some change monthly, some people have less than perfect credit they... Making it more stable likely to sell at a price that is honest assertive... Best understands your needs but just a way to calculate your minimum payment can increase one...