Protect Yourself and The House

Simple is most of the time better! If you are trying to decide how to have the ability to be passed title to a home from a parent or other relative through a will or trust, you may consider just being added to the title as a joint tenant.

Wile a trust and will definitely have their place, if you and your parent (as an example) are on title as joint tenants, and God forbid your parent passes away, you automatically become sole owner of the property. No probate, no fuss, no lengthy prolonged process to obtain the right to do as you like with the home.

Now, their are possible tax consequences that come with this choice, http://theonlinelawyer.blogspot.com/2006/10/joint-tenancy-with-right-of.html, however is a very easy and quick way to protect your interest.

O.C. homebuying at fastest pace in 5 years

 

With low inventory, low interest rates and many buyers looking to get a great deal, the local home buying pace seems like it has picked up to be the best in 5 years.http://lansner.ocregister.com/2012/04/14/o-c-homebuying-at-fastest-pace-in-5-years/160790/

With that said , there is talk that this improvement may be short lived and the housing recovery has hit a plateau. http://lansner.ocregister.com/2012/04/14/o-c-homebuying-at-fastest-pace-in-5-years/160790/

Whether you are looking to buy, sell, invest or rent; it ultimately comes down to want you want. If you are in need of a home for you and your family, prices and interest rates are great, now is a great time to begin the process.

If life is such that now is the time to sell, there are a tremendous amount of buyers in the market and selling your home can happen pretty quickly.

Investing in real estate makes sense, if the numbers make sense. Sit down and determine how much is needed to put down including closing costs, figure your monthly payment and maintenance costs and make sure the rent you will collect will be enough to cover your costs. Then look until you find the one that is right for you.

If renting is right for you, there are a ton of rentals available, and they go quickly. Decide what you want, get all of your paperwork prepared up front and be ready to compete with multiple renters at each home you look at. Being prepared is half the battle today. Have all of your ducks in row before you begin speaking with the owners.

In any of these events, the bottom line is, as always, what are your needs, wants and desires? Let’s put a plan in place to help you achieve your goals!

Anaheim home market as hot as the Angels

Well, from what we can see — house-shopping activity looks to be heating up much like the Angels! A ton of activity, low inventory and historic low interest rates, ultimately leads to more and faster sales. Take a look at the numbers here.

http://www.ocregister.com/sports/home-346697-market-ball.html

Could this market be turning a corner or is this just the calm before the storm? Time will tell, however it sure looks like a great time to buy Orange Country real estate.

Economists see 10% gain in U.S. home prices

It’s just going to take 5 years! So, if this is our new normal (and it seems like it is), let’s learn to take advantage of what we have in front of us. Low interest rates (great for buyers), low levels of inventory (great if you have to sell, we are seeing multiple offers on great well priced listings), and great prices on homes. This article is a great snap shot of what is possible and realistic for the next 5 years. http://lansner.ocregister.com/2012/03/21/economists-see-10-gain-in-u-s-home-prices/159989/

Do you feel you are paying too much in property taxes?

No one wants to pay more than they need to, especially when it comes to property taxes. The LA Times has some great tips for you to work towards reducing those taxes. Take a look here: http://www.latimes.com/business/realestate/la-fi-five-proptax-20120304,0,7593078.story

Mortgage deal means more foreclosures!

CNN reports that a new mortgage dedal will likely mean mor foreclosures. How do you think this will affect our market?

http://money.cnn.com/2012/02/10/real_estate/mortgage_settlement_foreclosures/index.htm?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

Beautiful Rental in Rossmoor!

http://www.postlets.com/6999810

Pro-Active vs. Re-Active

Distressed Property Assistance

What do you want?

Every day conversations in real estate begin as something similar to one of the following:

“What’s my house worth?”, “How do I keep from losing my home?”, ‘How do I get pre-approved to buy a home?”, “How long will this short sale take?” “Can a low ball the seller?”, “I want a deal.”

When it comes down to it, it really depends on what it is you want and what are you willing to get what you want? Do you want to move quick, get a “killer” deal, move in 6 months, flip a property for a profit, buy a safe, secure home for you and your family?

Anything is possible in today’s real estate environment. Make sure you know what it is you want and you explain that to your Realtor and that your Realtor is actually looking  out for what YOU WANT! Make sure that is the emphasis of most conversations!!!