Posts Tagged ‘cdpe’

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.

broker

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

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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.

I am excited for what the year 2013 has to bring, but for a moment, Realtors knew serious change was imminent. The Mortgage Debt Relief Act of 2007 had expired on December 31, 2012. More setbacks for “upside down” homeowners were expected. For example, homeowners that did not complete a “short-sale”, prior to the mentioned date, could anticipate a change in after sale tax consequences.

Suddenly, great news arrived! In early January, with all the fiscal fiasco, a revived miracle happened. U.S. Congress extended the Act of 2007 for one more year. In other words, December 31, 2013 is the new expiration date of this Act. Many current homeowners that still need to complete a short-sale could use the many benefits it offers for a distressed homeowner.

If there was ever a good time to put a home up for sale, it is in 2013. With experts such as, KCM Crew, from Holbrook, New York, projecting 3-3.5% appreciation nationwide on home values, and increase of bank cooperation with homeowners and Realtors, things are looking better for the real estate recovery.

First, what is a short-sale? CDPE (Certified Distressed Property Expert) training says, “A short sale is, and occurs, when a negotiation is entered into with the homeowner’s mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then ‘sold short’ of the total value of the mortgage and foreclosure is avoided.” A question many still have, “How do I know if I qualify for a short-sale, and will this Act of 2007 still benefit me?”

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. First, share you specific situation to a certified and trained Realtor who understands the short-sale process. Second, become informed of all of your options. Third, with help of your certified and trained Realtor, decide the best option for you and take massive action until completed.

We realize that homeowners have many questions. Here are some helpful things you can do right now. If you or someone you know is wondering if they qualify for short-sale; qualify for a possible $3,000 assisted relocation money; need better understanding of this extended Mortgage Debt Relief Act of 2007; or, if you were told in 2012 you couldn’t do a short-sale, but still have nagging suspicion you were misinformed, then please feel free to download right now our FREE reports at http://www.BeatBankRepo.com for immediate answers.

Last, we will be hosting a FREE Pre-Foreclosure Solutions Seminar for homeowners on Saturday, January 26, 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. 01753. 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 loved one. The more you give, the more that comes back to you.