Posts Tagged ‘high desert’

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.

images

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.

Advertisements

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
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

december-pregnancy-400x400

Time is ticking and this real estate “baby‚ÄĚ 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.

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‚Äôs 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

A couple of weeks ago, millions of Americans experienced Black Friday sales. Do you know why it’s called Black Friday? In short, it is because most businesses’ profit and loss statements enter the “black” from the¬†success¬†of those sales, in other words, they break even and enter into a positive. Every month we are either in the “black” or in the “red,” as it relates to our finances. There is income and expenses, and we are either at a profit or a loss. Sounds like running a business, right?

Your home is like running a business, and it is one of the most important topics in any real estate market. When I meet with property owners I run into many different personalities. Some owners are extremely organized, and others seem to make it through life with no cares and somehow the mortgage, household expenses, and so forth get paid.

Part of owning a home means knowing as accurately as possible how much income you receive and the expenses that exist each month. It comes down to an important topic I teach in real estate ownership and investing, apprehension vs. anticipation. When we anticipate we create greater chances of winning consistently, and when apprehension is present we slow down our progress.

For example, a homeowner who is projecting in the year 2013 on listing their home for sale, it is recommended to begin the preparation process 7-10 months in advance, because it helps eliminate much of the guess work (apprehension), and helps a property owner better position themselves for the day they go on the market (anticipation). There is more detail involved in the process, but the point I want to share is simple: apprehension will cost you time & money, anticipation will save you time and make you money.

In the next article I will share a basic strategy to set up a household budget that can be immediately implemented. Start running your home like a business, and watch your personal finances avoid “the red” and consistently stay in “the black”. If you are a homeowner that is considering selling at some point in the year 2013, please do yourself a favor, and begin preparing now. Feel free to contact us at 760.596.9856 or email us at info@NissiAgents.com for a FREE Market Analysis on your home to begin the preparation process of what is ahead in the year 2013. As always, if you like to personally connect with me through social media, please do so here: http://www.JoinDNA.com

Commercial real estate owners have asked for suggestions on how to get commercial vacancies leased out faster these past few years. This is an important question that must be answered, because the less commercial vacancies in a city the better for all citizens. The effects are great when a business leases space, hires people, and makes a profit, because it ultimately creates a win-win for all parties involved. When business is profitable employees receive pay; employers make a profit; and last, the landlords receive rent on time.

Sometimes owners make three costly mistakes when marketing commercial space for lease that seems right up front, but cost more in the long run. The first mistake is turned off utilities. I consistently hear feedback from potential lessees when I tour suites. There is nothing more frustrating for a lessee than to tour a vacant space with no visibility, due to no electricity. No lights in the suite, lessee cannot create a good mental picture of what could be their future business layout. Based on experience, most spaces that get leased are because the lights are on.

The second mistake is to allow dirty suites to be shown. This doesn’t mean that an owner has to completely refurbish the vacant suite and spend thousands. In some cases, it takes vacuuming, a bathroom clean, and removal of all¬†debris. A suite’s condition speaks volumes on behalf of the owner (or property¬†management). Remember,¬†prospective¬†business owners are looking to lease the best possible suite that will help increase business revenue, image is a factor. I have had some business owners knowingly pay $0.15 per square foot higher for a suite based on the image of the suite and building¬†maintenance.

The third mistake is to price a suite higher than every other similar suite in the area. The good old negotiating strategy of pricing high in order to settle at a lower price is over. Potential lessees have access to information right from their smartphone, and usually know what the current lease rate is for a commercial building before they call a broker or property manager. When an owner prices high, lessees sometimes formulate the idea that the owner is unrealistic, or may be difficult to deal with through the term of a lease agreement, and move on to the next deal.

Commercial real estate leasing isn’t summed up in these three items, but it will hopefully help an owner make any applicable corrections, and increase the chances of leasing their vacant space as soon as possible. Business owners are making moves right now; make sure your suite gives them a strong enough reason to bring their business to your¬†current¬†empty suite.

If you have any questions about your specific vacancies or building please call us at 760.596.9856 or email us at info@NissiAgents.com. As always, your are more than welcome to personally connect with me through social media here: http://www.JoinDNA.com.

We all have been at fault about this home depreciation effect, whether done intentionally or¬†unintentionally. “So how is a silent neighbor currently¬†depreciating¬†my home,” you may be wondering? Let’s take a closer look at the foreclosure effect.

Silent neighbors depreciate your home value because every home that goes into foreclosure and is resold by the bank, ¬†further drops your home value and¬†neighborhood¬†value. From the moment a homeowner misses their first mortgage payment, is foreclosed on, and all the way to a sheriff’s eviction, on average, that distressed homeowner shared their hardship with at least one neighbor. What is the response of most neighbors to their distressed neighbor’s problem? “When they foreclose on you, if you need help on moving day, just let me know.” That is a sincere help, but sincerely the wrong kind of help. While that distressed homeowner’s neighbor meant well in his approach to help, it still didn’t help stop the foreclosure, and from depreciating your current home value.

As a rule of thumb, any home that forecloses within a half to one mile radius from your home, and has similar features, square footage, and so forth, it will have an impact on your current home value. When foreclosed homes go on the market, they sell anywhere between 70%-90% below market value, while some short sales actually sell at current market value, or close. In most cases, it is obvious that a foreclosure sale damages your home value more than a short-sale. Asset Plan USA recognized that bank foreclosures cost the bank more in time and money, and is not a win-win for neither the bank or the foreclosed homeowner.

So what are solutions to a distressed real estate market still in recovery? Out of about ten solutions that exist, here are the two most commonly exercised, and will help not devastate your current home value; a loan modification (About 20% applicants are approved.) or a short sale. The third solution is you. You are also another solution to this recovering real estate market. How? By not being a silent neighbor yourself, and proactively finding out who in your neighborhood is going through a hardship where foreclosure is eminent. As a proactive neighbor, you can immediately introduce them to a real estate agent with the appropriate certifications and market knowledge to help your neighbor avoid the pain of foreclosure, and not devastate your current home value.

The faster we help each homeowner in¬†hardship,¬†the faster we can begin experiencing a healthier real estate market. Instead of judging our neighbor’s situation, lets get into curiosity, and be of help in a time of need. Feel free to obtain a FREE report about “Loan Modification Secrets” at:¬†http://www.beatbankrepo.com/Loan-Mod-Secrets.aspx¬†or just call us at 760.596.9856, and we will forward it to you. One last thing, go see your neighbor, and share this article with them, because you are helping them avoid foreclosure and uphold your home value.