Enabl Realty is a privately owned full-service California Real Estate company. All listings are offered through the appropriate multiple listing services and can also be found on 100+ major listing websites such as Zillow.com. Our knowledge will enable your Real Estate goals.
30+ Years of Experience
Committed To Enabling Your Real Estate Goals
First Time Buyers
Housing is a necessary and often significant monthly expense, whether you own or rent. Although owning a home is often considered an investment, it is primarily the place you call “home”. However, for many people, owning a home becomes a significant investment over time. As you pay down your loan, you build equity, and there is potential for appreciation. On the other hand, by renting, you are helping your landlord make an investment while having no benefit other than a place to live.
Purchasing a home is usually the biggest financial decision and commitment most people will make in their lifetime. Although owning the place you live in comes with additional costs such as insurance, taxes, and maintenance, owning your home will likely enable you to enjoy more stability and control. When you own a home, there is no landlord to increase your rent or decide to sell, forcing you to move unexpectedly. Additionally, you are free to remodel and decorate your home as you wish, making it your “home”.
Over time, rent may increase faster than the cost of owning a home. However, with renting, you are not building equity and have no potential to realize appreciation – only your landlord can benefit from those. Moreover, certain tax deductions can make owning equivalent or less expensive than renting.
Deciding whether or not to own your home requires careful consideration. While owning a home is a good idea for many people, it is not for everyone. We will help you examine all the pros and cons and prepare you should you decide that owning a home is the right decision for you.
Moving-Up
Moving to a new home can be quite stressful, whether it’s due to outgrowing your current one, relocating, or simply wanting a change. Coordinating the sale of your existing home and the purchase of a new one can be tricky, especially since most people rely on the equity from their current home to buy a new or larger one. Moreover, the seller of the home you’re interested in might be worried that the sale of your current home won’t go as planned, which can cause delays and problems during the buying process.
Similarly, you need to be confident that the buyer of your home will be able to meet their contractual obligations and close the deal on time. Although it’s rare for any transaction to go exactly as planned, we’re here to guide you throughout the process, identifying and addressing potential problems before they become significant delays. In situations where there are obstacles, we work with you to create contingency plans that can help ensure a smooth and successful transaction.
Investment
Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. Real estate is generally a good investment, even if you are not a billionaire. It can generate ongoing passive income and be an excellent long-term investment if the value increases. You may even use it as a part of your overall strategy to begin building wealth.
Real estate often involves a substantially more significant initial investment and a monthly cash outlay for maintenance. Another downside to real estate as an investment is that it is not an easily liquidated asset. You can not access your equity quickly if you need to. For this reason, we strongly encourage potential investors to have liquid assets in case of an emergency.
Many investors, however, prefer real estate as it is a tangible asset that they have more control over. Although the Real Estate market goes up and down over time, it has a proven track record of not being worthless and ultimately increasing value.
Whatever you decide to invest in will depend on your financial situation, risk tolerance, goals, and investment style. For many people, stocks with a much lower investment requirement offer an attractive investment vehicle.
Selling
Selling your home or investment property can be a time-consuming endeavor. Whether you sell yourself (by owner) or use a real estate agent, there is a lot of paperwork involved. In California, a highly litigious state, numerous laws need to be followed carefully to minimize the risk of being sued down the road.
Even selling your home requires laws to be followed and disclosures to be made. You can of course sell your home “as-is” but you must disclose what “as-is” is. Selling an investment property also requires knowledge and time to notify tenants. Still, some people can and do sell their home or investment property on their own. The primary reason for getting it alone is to save the expense of paying a real estate commission which is often the biggest selling expense. The problem even many successful by-owner sellers discover is that the buyer who wants to buy your home is hoping to save the same commission. They want a discount for buying by owner. In the end, many sellers realize they not only didn’t come out ahead they lost a lot of time handling the showing, negotiations, paperwork, and closing on their own.