Posts Tagged ‘joindna’

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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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.