Archive for the ‘JoinDNA’ Category

Is the real estate market really that great? For some it is, for others, they may still owe more on their home than what it is currently worth. Therefore, when you hear the media say the real estate market is great, the public must be aware that not all homeowners are immediately benefiting from current home appreciations.

A healthier real estate market is beginning to show, but reality is not all homeowners will see their home prices go above year 2005-2007 prices in the next 12 months. Banks are still conservative in their lending practices, and appraisers are cautious on their appraisal reports. It is a daily battle for brokers all over Southern California to find an agreement between over-asking price offers and appraisal evaluations. The market is steadily coming together to a healthier price point, but not as fast as many distressed homeowners would like.

This leaves us with the families that have missed home payments due to hardship; anticipate missing a payment in the coming days; owe more on their home than what it is currently worth and need to relocate, and you get the picture of these scenarios. This “great” real estate market is not quite fair to all parties yet.

Ironically, while real estate has experienced appreciation the nation’s unemployment rate of 7.6% as of June 2013 has not dramatically improved in the past 12 months. This reminds us that job creation plays a vital role in real estate values. For example, a couple of years prior to the real estate boom in 2003-2006 the unemployment rate was as low as 3.9% in the year 2000, according to www.deptofnumbers.com. Needless to say, there are still many distressed households that need a fresh start due to unemployment and other hardships.

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If you, a friend, a family member, or a neighbor owes more on your home than what it is currently worth, here are some recommendations to pursue your fresh start. First, share your specific situation to a certified Realtor who understands the short-sale process. Second, become informed of all of your options. Third, with help of your Realtor, decide the best option for you and take massive action until completed.

We realize that distressed homeowners have many questions. Therefore, we will be hosting a FREE Pre-Foreclosure Solutions Seminar for homeowners on Saturday, July 20, 2013 at 11:00am-12pm in Hesperia, CA. Please call right now our FREE voice-recorded line to RSVP at, 1.866.476.1677 Ext. 488. (or email at info@nissiagents.com) As always, feel free to connect with me personally at: www.JoinDNA.com. If this article helped you in any way, please share it with a family member,  a friend, or neighbor that may also benefit from this. The more you give, the more that comes back to you.

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9 Months ‘Til Due

Posted: March 19, 2013 in bank reo, CDPE, Commercial Real Estate, CRE, CRS, David Alvarez, David N. Alvarez, investment strategies, JoinDNA, Keller Williams, Keller Williams Realty, KW, KW Commercial, Leasing Vacancies, Market Share, Nissi Agents, Real Estate, Residential, short-sale, The Real Estate Game, Uncategorized, wealth creation
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Time is ticking and this real estate “baby” is due.  What “baby” could that possibly be? In 9 months the Mortgage Debt Relief Act will expire on, December 31, 2013, for homeowners that owe more on their home than what it is currently worth.

Just like a pregnancy requires a great doctor, so do underwater homeowners require a great real estate broker. The top five states that experienced mortgage fraud in Q4 of 2012 were: 1. Nevada 2. Arizona 3. Florida 4. New Jersey 5. California; all 50 states experienced some type of mortgage fraud. No homeowner should have to go through such thing.

While there is much talk about a recovering real estate market, there are still homeowners that lost too much equity on their property the past 5 years to be helped by today’s current market.

Most homeowners think they have plenty of time to take advantage of this Mortgage Relief Act because 9 months seems far away, but in reality time is very short. Here are top 5 reasons why underwater homeowners do not take action:

1.  Too embarrassed.

2. Do not know a qualified broker.

3. Fear of the unknown.

4. Heard bad advice from unqualified people.

5. Are in denial of their problem.

If you are a homeowner who owes more on your home, and do not know what to do, then do not allow any reason stop you from getting the help you deserve. A homeowner who does not take action today will suffer unnecessary future consequences. Most foreclosures that occurred in 2012 could have possibly been avoided if the homeowner sought help by a qualified real estate broker.

The truth about today’s real estate market is that recovery is taking place, and yes there is a shortage of available homes for sale, but for underwater homeowners who experienced 50%70% loss in equity, not even a 10% appreciation in 2013 can save them from the past economic downturn.

My recommendations are the following, get in touch with a qualified real estate broker right now, get the answers you know you need, and then decide what is best for your family. Don’t allow fear to hold you back from getting rid of this nagging debt. Lastly, take advantage of the potential bank incentives that are being offered to homeowners that range from$3,000-$20,0000. Most importantly, start right now.

 Download this month’s FREE report about, Mortgage Fraud Alert, at http://www.NissiAgents.com. You may always call our FREE 24-hour voice-recorded line at, 1.866.476.1677 Ext. 455 to set up a FREE consultation or with any questions you may have about today’s market. You may connect with me personally through social media at: www.JoinDNA.com. If this article helped you in any way, please share it with a family member, friend, or neighbor that may also benefit from this. The more you give, the more that comes back to you

Brokers can’t lie, it’s against the law. So is speeding, yet so many of us do it involuntarily.

Real estate is a potential wealth creation avenue. Whether a person is a first time homeowner or a sophisticated investor of a million-dollar portfolio, there are potential wealth creation opportunities in every transaction. Wealth creation in real estate can vary for each person’s needs or goals. For example, wealth creation for a first time home buyer may be if he bought a home with decent equity, or when an investor buys a rental property that generates a decent annual positive cash flow.

While there is no such thing as guaranteed success, there are strategies and tactics that help minimize as much risk possible when buying or selling real estate as an investment.

Unfortunately, there are brokers that lie in the real estate industry, some intentionally and some out of plain ignorance.

When a broker lies, and an investor is new, a lawsuit is waiting to happen after the final signature goes on the contract. It’s not that I want to scare you from brokers, but I share this with you so you don’t end up with a mess of lies and future financial trouble.

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How do you know if you are working with a broker who lies? You check their track record. What do past clients say about this person on and off work? Are there any references you can check? Most importantly, if you actively invest in real estate or plan to, you should continuously learn about investment laws and strategies that will help you stay profitable and lawsuit free.

Whether you are a rookie or sophisticated investor, we invite you to a FREE commercial real estate class titled, “Why do landlords negotiate in certain ways, and why lease terms matter?” It will take place this Wednesday, March 13, 2013 from 9am-10:30am, at 11890 Hesperia Rd., Hesperia, CA. We will have a guest speaker & author, Brad Umansky, teaching the class. This is a must attend if you plan to invest in real estate or actively do right now. Please RSVP at the number provided at the end of this article.

As always, we provide FREE reports and information about today’s market at http://www.NissiAgents.com. You may always call our FREE 24-hour voice-recorded line at, 1.866.476.1677 Ext. 455 to set up a FREE consultation or with any questions you may have about today’s market. You may connect with me personally through social media at: www.JoinDNA.com. If this article helped you in any way, please share it with a family member, friend, or neighbor that may also benefit from this. The more you give, the more that comes back to you

Don’t be scared, school will be out for the kids sometime in late May to mid-June for most of you reading this. However, those days will arrive before you least expect it. If you will be moving before or around summertime, then now is the time to plan, especially due to the housing shortage we are experiencing, which I shared in my previous article.

With over 8 years of personally listing and selling properties, I continuously look for ways to improve the experience for the people we help in today’s market. Here are some great tips I share with families that need to relocate, upgrade, or downsize before school is out and summer starts.

As the saying goes, “Begin with the end in mind, then start at step one.”

First, identify the financial scenario you will most likely be in once you sell your current property. For example, once you sell your current property will your next home be bought cash, with conventional financing, or will you temporarily rent. This knowledge helps you gain a better understanding of what is up ahead. As well as see any evident challenges that will present themselves to the type of financing you will need for your next purchase and overall moving scenario.

Second, now that you have a better understanding of your projected financial scope, you can then decide your buying options and what areas you will focus on for your next home purchase. Lets say a family has been pre-approved for $450k loan, but based on their family decision they decide to look at homes between $350k-400k because they are downsizing, now they can focus on homes of that price range and see what is available in today’s housing inventory.

Third, which I actually recommend to be done first if possible, share your moving intentions with the entire family. Not every family member can handle sudden change as easy as you, so by preparing the family mentally, emotionally, and financially it will be less stressful for everyone, especially you. Plus, the synergy of the move will be healthy and seen as beneficial instead of negative. Depending on the distance of the move, kids are thinking of the friends they may lose and the new school they are going to, and need time to process all of this. Be aware of this, and be sensitive to their needs.

There are many details involved in the process of listing and selling a property. These basic three steps will get you going in the right direction. If you would like to do a FREE consultation over the phone on any of these three steps, we are available to help you.

As always, we provide FREE reports and information about today’s market at http://www.NissiAgents.com. You may always call our FREE 24-hour voice-recorded line at, 1.866.476.1677 Ext. 355 to set up a FREE consultation or with any questions you may have about today’s market. You may connect with me personally through social media at: http://www.JoinDNA.com. If this article helped you in any way, please share it with a family member, friend, or neighbor that may also benefit from this. The more you give, the more that comes back to you.

For the past forty years an average of about 1.5 million new homes have been built nationally, and through years 2008-2011 an average of +/- 640k homes were built per year, according to Charfen Institute. That is about 3.44 million homes that were not built in the period of about 3 years. The years of recession caused a major slowdown in new residential construction, but little did we know that this major slowdown would have such an impact in the days ahead.

Here in Southern California, there is tons of optimism because the real estate market is “hot” and homes are selling fast; buyers are left to struggle getting an offer accepted. So what is really going on in our backyard of Southern California? For starters, there are less new homes and resale homes available to purchase. If you’ve been out shopping for a new home, especially in the Inland Empire area, they are selling fast, and tracks are beginning to sell before even built.

The interesting fact is that what feels like a “hot” real estate market is still technically a recovering market for most of Southern Californians. For example, in San Bernardino, Riverside, & Los Angeles County combined, there is an estimated slightly over 90,000 defaulted homes and less than 7% of those home are listed on the market for sale and receiving the appropriate help. There is a number reasons for this stat, one of the main causes is because many distressed homeowners still fear their upside down situations and feel cornered and out of options. This is far from the truth. Distressed homeowners are not alone and have options, and help is available.

So what do all these numbers mean? Simple, for current homeowners (non-distressed) that have a need to sell, whether it is due to a job transfer, home upgrade, or downsizing, then this is a great window of opportunity for you to seize. If you are a buyer in today’s real estate market, then you must have your financing ready, and absolutely move fast when you find the perfect home match. Also, whether you are a home seller or home buyer you must work with a knowledgeable real estate agent that understands two vital components (out of the many) of today’s transaction; what the real estate market is doing and strong negotiating skills.

For distressed homeowners, this is your year to breakthrough and take action. Don’t allow the fear of the unknown control you. You have options, take action, and put an end to the unnecessary mortgage pain before the Mortgage Debt Relief Act expires in December.

As always, we provide FREE reports and information about today’s market at http://www.nissiagents.com. You may always call our FREE 24-hour voice-recorded line at, 1.866.476.1677 Ext. 455 with any questions you may have about today’s market. Feel free to connect with me personally at: www.joindna.com. If this article helped you in any way, please share it with a loved one. The more you give, the more that comes back to you.