Unison shares the down payment cost with you, lowering your upfront costs, reducing your overall mortgage loan, while also lowering your monthly payments. The money is given to homebuyers in the form of an investment, its NOT a loan! That’s right – that means you have no monthly obligations to Unison – interest free! Imagine walking into your dream home and having confidence that you can afford it. Homeownership
The 2023 CA Housing Market Forecast: What You Need to Know
The California housing market is always changing, and it’s important to stay ahead of the trends if you want to be successful on your real estate journey. That’s why we were so excited to have Jordan Levine, Chief Economist at C.A.R., give a can’t-miss forecast of the housing market for 2023 at the ReImagine conference last week.
This valuable data will provide insight into today’s pressing housing issues that may impact your equity and your largest investment in the future. It’s essential information for anyone who wants to stay ahead of the curve in California real estate!
Forecast: Chance of Rain in seller’s paradise
Our economy is getting hit with a lot right now, so it’s important to keep an eye out for the clouds! We just finished years of sunny skies in terms of equity and appreciation, but the buyers running after starved inventory have been a bit burnt out.. and now loan rates have hit them with a huge gust of wind on top of it.
Low low interest rates the last 10 years had allowed buyers to continually increase purchase prices, and still have an affordable payment. It looks like that trend is now dissolving, which brings cloudy skies to our CA real estate market.
If you’re looking at the big picture, our 2022 Jan-June market was white hot, and 2021 had the highest volume of California home sales in an entire decade, over 450,000 homes were sold. 3 out of 4 homes sold over the asking price in 2021. The average days on the market was 7, when it’s historically 30-90 days. This type of supply & demand is not healthy, and it had to ‘simmer down’ eventually. Welp… here we are. We are catching our breath; including agents and lenders who have been pelted the last 2 years.
What Does This Mean for CA Buyers and Sellers?
If sellers are confused why buyers are now offering less than the asking price, the interest rate boost adds an additional $1600-1700 per month for the EXACT SAME HOME.
If buyers can’t qualify for the same amount as they could previously, that will affect our property prices. We are now at less than 20% of individuals in California who can afford a home. It’s not as bad as we have been, but it would still be nice if more people had homeownership as an option.
Warning: Rate pressure is building. Mortgage Rates might get worse.
Because rates may go even higher, its critical to price your homes right and maintain realistic expectations. Because every local market is different, what you see on national news is not necessary YOUR reality. And what you see in the newspapers… remember gloom & doom headlines sell, and the news needs subscriptions. Don’t get caught thinking Southern California prices are on a cliff, when we are just panting on the side of the road from exhaustion. Properly priced homes will always sell.
Fact: The sky is not falling
It’s not projected we are heading into a foreclosure market. Homeowners still have over 122K average in wealth, and renters are no better than they were 40 years ago, with a 6K average net worth. The total net worth of consumers is down right now, so we should expect some pushback. Now is NOT the market for Brother in law effect…’my BIL said xyz’. Now is the market to look to the true professionals and experts to guide you. The news outlets are also not experts. Active real estate agents and mortgage lenders are.
Forecast: What does the future for Orange County real estate look like?
Historically, our new rates are still low, and we should be looking at them as the new normal. According to multiple experts, we shouldn’t expect rates to go back down again in the near future. It’s still a great time to buy a home if you’re renting, and the renters were some of the most ignored in our previous market, so you will see them come back into the fray. Buyers who were at the cusp of affordability may unfortunately be priced out of the market, or they will be offering lower than asking price because they are literally chasing the property that was affordable with 6 month ago rates.
Sellers who listed 30-100K over the previous summer comps will likely have to reduce price or face their listing expiring. It’s a good idea to research sales in the community (comps) the last 90 days, and see what the median comp range is. Listing at the top of your comp range with the current market temperature could cause the home to sit frozen on the market. Not to worry though, properly priced homes in Southern California will always sell. Make sure you work with a seasoned professional and list at the right price from day 1, or you could suffer. Discount and ibuying brokerages don’t do well in this type of market – beware!
Many investors, seeing the writing on the wall with interest rates, are putting 1031 exchanges in motion, and adjusting portfolios accordingly. Some are tiring of strict Los Angeles rent control and housing regulations, and are opting to relocate investments to neighboring counties or even other states that don’t impress as many regulations or red tape.
If you’re curious about the range of your home’s worth, including short term and long term rental rate averages, click here: https://hmbt.co/TTNcDG – If you would like to receive monthly Orange County and Los Angeles real estate reports simply sign in to the link above for a free account – it’s that easy! Angie is only a call or text away if you would like a full broker price opinion on your home or investment property 949-338-7408.
Creative, Affordable, Durable, Sustainable, & Adorable ADUs in California
Cal Earth inspirational workshops and hands-on classes offer a new way to build real estate
Today we took a field trip to the Cal Earth build & test site in Hesperia. This educational builder camp sits in Hesperia, CA because it has extreme heat, freezing cold temps, and is on a fault line. Additionally, Hesperia experiences flash flooding & washes, so it makes for a perfect test ground.
Superadobe buildings are Seismic & earthquake proof, fireproof, flood, & wind proof. They can handle snow loads and pressure. They don’t need rebar or concrete to build. They look super creative & flowy, but they are actually extremely structurally sound.
Many of the test structures at the Hesperia Cal Earth site are not maintained on purpose to see how they stand the test of time. This school has truly been built out by its students, and the first structure built in 1990’s is still standing today. It was such a fascinating experience!
Meet the Superadobe
If needed for refuge or quick builds, these structures can pop up camp in just a couple days. ‘Water village’, pictured here with Cal Earth volunteers Giovanni & Marco, is an on-site example of a cluster of single room homes, built to serve as a replica of what an actual refugee community might look like. Although designed to be temporary housing, this little village has been standing for the last 20 years.
Since superadobes are so durable, they can also stand the test of time for single family builds. Don’t feel like buying a ‘cookie cutter’ tract home? Cal Earth Institute offers preapproved plans – if you sign up for one of their workshops you’ll get a copy 😉 Of course, this is a part of the reason why we went. What’s a workshop without implementation?
We’d love to hear in the comments if you know anyone who has built a superadobe, or if you plan to build one yourself.
What Makes an Adobe Home a Superadobe?
Nader Khalili is the inventor & architect from Iran, who used to build skyscrapers for a living in Los Angeles, but he wasn’t fulfilled. He discovered Rumi, & changed his direction into sustainable building.
Not long after, Nader invented the ‘superabdobe’; which is a permanent Adobe structure. Rather than a traditional Adobe that cannot withstand a natural disaster, Superadobes are much more durable. Nader has since moved on from this realm, but his vision lives on through Cal Earth Institute.
Khalili loved biomimicry, mimicking designs and structures from nature. His designs include the ‘Seashell dome’; ‘Reptile walls’; and the ‘Koala pouch’. Not everything was biomimicry, however. The dome-obsessed architect also incorporated roofless domes for high heat; apses, and pottery domes.
Supply List to Build a Superadobe ADU
I loved how easy the supply list was. These were things that even I could carry, and didn’t need a huge truck to transport.
- 4 pt double pronged galvanized barbed wire; 12-14 gague thickness.
- 14 inch diameter bags to make 12 inch walls, just FYI you lose some width when you fill the bag with earth.
- Need coffee cans, or gallon buckets, depending on width of bags.
- Shovels,
- Tamper,
- Wheelbarrow,
- Scissors or knife
- A cement mixer or electric mixer makes things go way quicker.
- Level
- Wire cutters
- Water source
Want the FULL supply list? That’s still super short? Just TEXT “Cal Earth Supply List” to Angie at 949-338-7408.
Another thing that’s really neat is you don’t have to build a shelter at all with the earthbags from Cal Earth. You can build benches, stairs, planters, pools, fountains, fences…an Amphitheater for your Hipcamp…or whatever flowy and functional structure your mind conjures up 🙂
Pictured right is Daniel & our new Cal Earth workshop friends practicing with with the tamper. I can just see his wheels turning about what the next Flower Den Superadobe Retreat will look like – stay tuned, LOL!
Tips For Building a Superadobe Structure
A fun fact about superadobes is the heat transfer from outside is only at about one inch per hour. It won’t get too hot or too cold over the 12 hour daylight or nighttime hours. Not only do adobe’s prevent heat, they absorbs it, so that warmth slowly transfers inside to keep you comfortable at night.
Our first tips are about measuring and prepping properly for your fill:
- When laying barbed wire, measure from the center of your bag, and add 2 extra feet.
- When measuring for bag, walk the perimeter of the circle, and add 3 feet before cutting.
- Fold long bags in half & mark the middle. ‘Cuff’ the ends so plastic doesn’t fly all over.
- Partially flip bags inside out from each side, this makes them easier to fill. Be mindful to ONLY fill one side at a time.
More Pointers for a Proper Adobe Build
Since your main ingredient is earth from the land you’re standing on, you’ll want to ensure you’ve got the right mix. As you’ll be investing a lot of sweat equity, make sure to do a soil test before building to know how far you’ll need to go down in the earth to get past the living matter. It was stressed multiple times, make sure no living matter or roots are in your mix. Rocks bigger than your palm need to go too. If you can close your hand around it, then it’s fine, but larger than that should be tossed from the mix. Don’t worry though, it’s very forgiving to make the mix – there are adobe and superadobe structures across the world, & in all different types of terrain.
The tips kept flying fast at our one day workshop; I caught as many as possible. Figure they are best served here as bullet points:
- Keep everything dry & well ventilated if you are building in a wet area.
- Thickness of the wall depends on diameter of the build.
- Stabilize to resist erosion in flood zones, plan French drains & diversion. Your french drains can even be designed to water the landscape 😉
- Plan where the furniture will go before you start to build because a lot of it is built in; remember most furniture is square.. and there will be limited to zero squared angles in an adobe build.
- In case you’re only reading the bullets here, reminder to never use the top 1 ft of soil. Dig deeper to get to the inert materials like the sand, gravel, clay & silt.
- Orient windows south. Create & plan ‘Wind scoops’ facing the main direction of breeze in summer.
- PVC pipes, ceramic tubes, or even recycled bottles can be used for windows. Check out the custom ceramic windows pictured here.
- If doing radiant heat in floors, insulate under first!
- Utilize rocket stoves for simple heat sources.
- By the time you build up, its already compacted.
- Plaster right away, but don’t lay it in too thick, or else it may crack.
- Mesh or chicken wire is recommended to prevent cracking.
- Waterproof paint in wet areas.
- Note that limewash interior is anti fungal.
- If the bag needs to move, lift & pull. Don’t push.
Super Adobe Construction Made Simple
In essence, 4 main ingredients can build a pretty badass house. Sandbags, barbed wire, earth, & stabilizer. So easy. Sandbags can be made from polypropylene, hemp, or jute fiber. You can use long bags designed for adobes, or, just normal sandbags might work best if you’re doing the build with only a couple people. Stabilizer is added in the bag, like lime or plaster. From there, you’ll just cover the bags from UV rays and the elements while you build with a tarp, and you’ll be good. Note that jute might mold or rot, so it’s not recommended to build with it in winter. Supposedly jute is better for short term structures. The barbed wire acts as a velcro or glue between layers of bag and prevents the building from laterally sliding.
It seemed like the toughest part of the day was ‘completing the circle’ – which was the act of finishing each circular level on the stem wall. (That’s the straight vertical wall) It wasn’t difficult so to speak, just a process of folding both ends away from you, after propping the bag up with your feet (known laughingly as ‘bag wrangling’). Once the ends are properly sealed, you meet them up while keeping a tamp as a buttress at the seam. Then tamp the edge a bit so water goes out not in, with a slight angle to the outside. You can literally hear when the earthbags are tamped to correct compaction, the sound is louder and almost echos.
Additional important building techniques include a spring line for keeping the dome structure and trajectory of the dome even, and a compass to guide with proper perimeter and height. All these things were hand created with various tools and scraps we had on site!
Some Challenges Surrounding Superadobe Plans & Builds
No good thing comes without hurdles. In our current days of ‘buying a template ADU off Amazon’, the custom adobe build can face opposition.
Because the design elements with Superadobes are endless, it causes city officials to scratch their heads a bit. Designing these structures to easily follow the contour in the land and mold to the topography makes each one super cool, and super unique.
Let’s be honest….building officials are used to templates and squared angles. They don’t always understand domes, arches, and curves; and they aren’t extensively educated about them in the field. Confusion and inspectors don’t mix, so this means they can tend to deny the plans for your dream adobe without the proper education.
There was a point in time when Cal Earth had pre-permitted build plans, but alas, codes are everchanging… and they need to update permits. Feel free to donate time or funds to help Cal Earth get to the point of offering preapproved plans again.
Our Action Items to Support Superadobes
Locally here in CA, I’m going to see if we can get the City of Santa Ana to approve something. As Orange County’s epicenter, Santa Ana already has a ton of ADUs. Plus, many of the lots are flat with ample space for an additional small structure. And… my partner in life, Daniel, plans to talk to the building department in Sedona, AZ. We know Taos, NM is friendly to superadobes and green buildings; and would love it if you comment other adobe friendly build areas for the fellow nomads reading this blog 😉
In the meantime, one potential workaround with your city or HOA, depending on which one you’re in, is the umbrella of California’s statewide ADU law passed in 2020, SB 13.
How to Spread the Word about Superadobes and Get Involved
Of course, social media awareness always helps! You can follow & support Cal-Earth’s initiatives on Insta or Facebook. It also helps if you sign up for one of their affordable and educational hands on adobe building workshops.
If you’re inspired or thinking of building an ADU in Orange County, reach out, I’d love to come do a video tour whether you’re in progress, or have the finished adobe complete. Thought we could wrap this post up with one of Cal Earth’s favorite quotes from, you guessed, it, Rumi:
You’re Invited to Homeownership Day 2022 – Achieving Through Real Estate
January is always an ideal time to circle back to our roots, to review our long term goals, and realign with our True North. It’s a fresh new year, and anything is possible. Many people are taking a look at what needs to change, and if 2021 is any indication, we are still switching up the way we live and work in light of all that’s happened the last couple years.
As we saw people quit their jobs and aspire for extraordinary things in the year of ‘The Great Resignation‘, we also saw a huge shift in housing needs and requirements. People ‘quit’ apartments & condos, and opted for single family homes with yards. Families upgraded living space, as employment and schools had extended virtual runs. Change is still happening everywhere, and home is at the center of it all.
With so many people wanting a new environment at the same time, the demand for housing across the country reached record heights and the bidding wars began.
This is just one of the many reasons we offer Homeownership Day on a yearly basis; things always seem to be moving fast when it comes to housing, and it’s important to stay on top of the current trends to be most successful with your real estate.
Achieving Through Real Estate
The 2022 theme for Homeownership Day is ‘Achieving Through Real Estate’, and all are invited to this free virtual event on January 29th from 10am-1pm PST. Homeownership Day is designed to be inclusive for all humans – from renters curious if they can purchase property all the way through investors looking to sharpen skills and knowledge. Our program changes up each year so you aren’t hearing the same information, or outdated perspectives.
The program is brought to you in bite-sized 30 minute educational sessions, so you can get a variety of information on today’s important real estate topics. We know you’re busy, and this event is designed to bring about awareness and build relationships with the right community to accomplish your property goals.
Challenges in the recent market have been lack of inventory, bidding wars, discrimination, sharp price increases, loan / appraisal turnaround time, and more. Sessions for this year have been based around these challenges, and offer help to overcome today’s specific real estate market hurdles.
For this year’s specific sessions and offerings, click here:
https://homeownershipday.com/sessions/
If you’re looking to achieve great things with real estate, please join us and register:
Homeownership Day Online Event
January 29th, 2022
10am – 1pm PST
https://homeownershipday.com/sign-up/
Expect to be inspired with some innovative ideas and fresh perspectives. This is not your average real estate event.
In case you’re wondering, Homeownership Day will never try to pressure you into buying or selling real estate. The speakers have all agreed not to ‘pitch’; only to educate. This event is a public service that is put on through multiple outlets, so you’re never getting pigeon holed into the opinions of one particular corporation or company. Our speakers are industry experts, all hand selected with care, and our goal is YOUR success.
This year’s main sponsors are NAWRB & Vow2Save – both entities creatively serving the real estate ecosystem.
It’s my personal opinion that when we are all successful with real estate, we can focus on what is most important in life – the people and the places we love. If there’s a topic you would like to see covered at a future Homeownership Day event, please comment below so we can help you on your journey.
Read Full Post | Make a Comment ( None so far )Top 3 Stores in Orange County to Shop for Consignment Furniture
Shopping for new home items can be so exciting! Filling a house with your unique furniture, decor and style is what makes a house feel like a home. Instead of filling your new home with items that all major furniture stores provide, consignment shopping allows you to design your home with unique, quality brand name pieces that are unique to your home. While you’re shopping for your home, you may even think of items you would like to consign! From furniture, to clothes, to just extra household items, you can consign your items before shopping for new! Check out our list of the top 3 stores in OC to shop for consignment furniture, based on personal reviews and experience.
Home Consignment Center – Newport/Irvine
Located in Irvine, California – Home Consignment Center offers a variety of furniture:
- Accent tables
- Home office furniture
- Bedroom sets
- Coffee tables
- Patio furniture
- Entertainment centers
- Dining room furniture
- Sofas
- Armchairs
They accept all kinds of furniture, from expensive heirlooms to trendy homegoods. You can drop off your items or they can arrange for pick up. Find their website and more information here.
Address: 18910 Teller Ave, Irvine, CA 92612
The Legacy Center Furniture
Located in Costa Mesa, California – The Legacy Center Furniture store offers a variety of high end items. You can submit a quote of your items directly through their website here.
Address: 2215 Harbor BlvdCosta Mesa, CA 92627United States
The Hunt Fine Consignment
Located in Laguna Hills, California – The Hunt Fine Consignment offers a variety of design, architecture, age and intrigue. The Hunt loves stylish furnishings and items that are antique, new, vintage, unique or just decorative for homes. They take any kind of items. They also accept large volume consignments, abandoned containers, or business closings.
For more information and to learn about the consignment items they have, view their website here.
Address: 23461 Ridge Rte Dr suite a, Laguna Hills, CA 92653
Women finding freedom through the sharing economy of AirBnB
Let’s be honest, a lot of females are juggling household schedules, making beds on the daily, and working full time jobs in customer service or hospitality type industries. A lot of these same females are also searching for a way to spend more time with loved ones, and to find a better work-life balance.
This brings the question: How can we live richer, more fuller lives while making a difference in the world? Keep close connections with our families & still sprinkle what we were meant to do into the ethosphere?
For those who have a passion to roam and to create, enter the opportunity of vacation rental management, AirBnB experiences, and niche property rental platforms.
If you have a unique property or space, big or small, this is an opportunity for you. People love to rent not only stick & brick type properties, but also RV’s, boats, cars, treehouses, yurts, water towers, and land.
We now live in a world where you can tow a trailer, link up to solar, put out a cell booster, charge devices, and work / connect from almost anywhere. As the clouds from Covid continue to lift, people are ready to explore this new world. Are you ready to connect with them?
I recently had the opportunity to interview some of these women who have opened their spaces in the home-sharing economy. Each has a unique story to tell, weaved in with their life passions and experiences.
Take for example entrepreneur Heather Carter, running Eureka Springs Coffee House with 2 AirBnB units above. Guests enjoy the main strip of historical Eureka, Arkansas; and also have discount offerings at the coffee shop below. Travelers include vacationers and business professionals alike. In a recent video interview with Heather, she said “We used to live above the coffee house ourselves, but we soon discovered we had a unique opportunity for rentals here”. Indeed she did!
Heather advised she prefers the niche with commercially zoned properties, so she can avoid any roadblocks with residential vacation rental limitations. If you aren’t sure about STR rules in your community or city, be sure to research accordingly to avoid pitfalls.
Another go-getter making the most of her skills is April Snow-Kass, a Realtor in LA specializing in harmonious homes for musicians. April recently branched out to nearby Joshua Tree as a vacation rental host. Now, not only can April sell property in a new area, she can speak to personal experience on the equity gains and the rental income her ‘Retro Ranch‘ in the JT desert is recently experiencing.
Let’s not forget supermom and High School Counselor Carolynn Cribley. Her and financé Matthew Herman in Grandville, Michigan, are putting an extra room in their home, coined ‘The Barnhouse,’ to STR use. They stated in a recent interview that it’s brought such great results, they not only bought another property, but looped parents in on the opportunity. They inspired and guided Matthew’s parents to a short term rental purchase as well. Not only has Carolynn & Matthew created additional monthly cash flow (partly used to build a fun new pool!), they’ve hopped the family on the path to generational wealth.
According to the NAWRB’s website and WHER report:
“…research found women seek homeownership for these primary reasons:
As a “Sanctuary”
https://www.nawrb.com/one-tough-mother-how-single-mothers-are-defining-the-homebuying-process/#more-18821
A sanctuary is defined as a place of refuge, an oasis or a retreat. Women value creating a unique space from which to retreat from the outside world—one in which they control the climate, the decor, the layout. One’s home is a psychology of space…”
Vacation rentals are a method to live this ‘sanctuary’ lifestyle, and create income. Win-win.
Another example is Corporate Executive ‘girlboss’ Vanessa Montanez, who explained to Homeownership Day attendees in January easy steps to enter into investing. Vanessa discovered the benefits of renting her Temecula wine country home on AirBnB recently, and as a lender herself, was kind enough to share strategies with other would-be investors at Homeownership Day.
Admittedly, all of these hosts know STR life is not as ‘passive’ as long term rentals; but it can be more profitable, plus it allows the ability to vacation in your own property, afford *more* units, & / or meet new friends. Yes, you may still be making beds, running multiple schedules, and rocking your 9-5. But it’s a way to squeeze the most out of almost any property.
Best of all, homeownership is open to many, regardless of education level or background. With low interest rate loans and programs like FHA allowing as little as 3.5% down, many females are opting into a property purchase. Additionally, SBA loans for Women Owned Businesses have opened even more doors to run a viable business from home. There are many options to sell creations of any kind from home, be it via online avenues or to guests traveling through your space.
Speaking of online avenues, the fast-track growth of property rental apps makes the marketing side become much easier. You don’t have to do your own Search Engine Optimization anymore – these apps are paying to get the word out on your behalf. Platforms to easily start your sharing economy hosting on are AirBnB, VRBO, Hipcamps, Harvest Hosts, Furnished Finder, Outdoorsy, Turo, and more.
For additional information or a guide into the vacation rental lifestyle, reach out to NAWRB Delegate Spokeswoman Angie Weeks, or watch her video interviews at http://www.YouTube.com/HomebuyingRegistry/
This article was written for Women in the Housing and Real Estate Ecosystem; NAWRB. If you would like an article for your publication simply comment below or reach out to Angie at 949-338-7408.
Read Full Post | Make a Comment ( None so far )Where is YOUR happy place? Homeownership Day 2021 is going virtual, nationwide, & global.
Hi friends!
Although 2020 has been a challenging year for all of us, it has not been without some unexpected benefits. One of them is the new age of virtual employment, which has opened doors for so many to have an opportunity at homeownership. Individuals previously forced to rent in expensive urban areas are now free to move to a larger place, for less money, and have more options. We’re all about that – and Orange County Young Professionals Network is here to support your adventure!
Simple Solutions to Buying, Selling, & Investing in Real Estate
To that end, in 2021 YPN will do our annual Homeownership Day event virtually, and it won’t just be about investing in Southern California real estate. Instead, we’ll be offering local expert agent guidance in many popular cities across the United States, and actually the entire world.
If you haven’t looked at your home as an investment, or considered property as a path toward early retirement, we encourage you to attend the event on January 23, 2021 and look at your real estate in a new light. YES, it’s a place to thrive, to make memories, to customize your taste, to raise your family. But it can be so much more.
You can turn one property into a legacy, and that’s the session I teach & am passionate about. This year’s title is “Concepts to Become An Automatic Millionaire in Southern California & Beyond”; you can register for this 30 minute session by filling out the form below. I’ll educate you on a safe, secure, and timeless strategy for building up your real estate portfolio. These concepts don’t encourage you to stretch yourself too thin, take on a second job, or become a handyman; they are simple and easy to follow. And you can learn them in 30 minutes. I’ll tell you what – if you’ll just commit the time – I’m here to cheerlead you to the finish line.
Owning Property Can Change Your Future
As many of you know, I have been personally working on this strategy for over 15 years now! Because Real Estate is my full time job, we’ve taken it to the next level with vacation rentals, and the creation of Flower Den Retreats. I have found that owning property allows me to truly express myself, whether I’m creating art within, or dreaming up the next concept for a therapeutic space with the ones I love.
I want you to be able to flourish in your space too – are you? If you are, please comment what you love about your home below. Its fun to share our unique ideas 🙂 If you aren’t, fill out the form here and let’s get you on your way in 2021.
If you’re curious to hear what other previous attendees have to say, success stories, or info on the sessions we’ve held in the past, just subscribe to our YouTube Channel. We’ll be uploading new content on the regular. Here’s a video from a couple previous attendees who were able to buy a townhome with barely any money down, and now they are happily raising a family there.
Let Homeownership Day Lead You to Your Happy Place
Sometimes, change is good 🙂 To have a supportive tribe around you as you grow is so helpful, and that’s exactly what you’ll get out of Homeownership Day. Like minded people who want to learn and level up too. All the speakers are no-pressure, happy to answer questions, and excited to connect with you. The vibe of this event will be fresh, fun, educational, and there won’t be a single pitch. Promise. We’ll see you online Jan 23rd!
PS. If you know someone who should be presenting at this event, just connect us by emailing ochomefair@gmail.com & the committee will reach out to them – we love new angles of education and to connect with other professionals across the globe.
Homeownership Day 2021 Sign Up
History and Current Rules of Fair Housing
It’s important to remember and understand where we have been, to have the best future possible. Today I had the pleasure of attending Young Professionals’ Network webinar on The History of Fair Housing.
Equality is an important topic of discussion in our country right now. One of the best ways we can honor our Constitution stating ‘all men are created equal’ is through housing.
For the purpose of learning and growing, let’s start with a summary of
Where we went wrong with discrimination in housing:
- ‘Men’ in the quote above meant white men who owned property; not women, nor men of color
- Real Estate boards prohibited women or blacks in the early 1900’s
- Redline (racially segregated) areas where residents could not get a mortgage were established
- Racially restrictive CC&R’s
- Federal Fair Housing Act was not passed until 1968
- Realtor Code did not prohibit discrimination until 1974 (that’s under 50 years ago…)
- Protected class of marital status only recognized since 2005 in California
- Gender identity was not protected until 2012 in CA
- AFFA Rule is rescinded in 2020 by POTUS. This took the teeth out of Fair Housing enforcement.
Yes, we went horribly wrong, but there are many ongoing efforts to bring about equal housing in the last few decades and today. This includes lobbying efforts from the National Association of Realtors, and California Association of Realtors to bring back the important elements in AFFA.
Did you know that nationwide there are 7 Fair Housing protected classes? In CA, there are 24 Fair Employment & Housing protected classes. When it comes to Fair Housing, the greater of regulations apply, not the lesser. So… if you are a landlord in California, you have 24 classes to remember to truly make unbiased decisions with your tenants. To help you, there is a new Fair Housing disclosure that is now included in each California purchase or lease agreement.
Sometimes discrimination can be subtle, or without malice. Here are just a few examples of Discrimination in Housing…some may come as a surprise to you.
What Discrimination in Housing Looks Like:
- Treating anyone unequally
- Failing to show a home or lease
- Offering unequal terms
- Advertising specific terms or preference
- Inquiring about a protected status
- Refusing to accomodate a disability (aka emotional support animals)
- Denying a family with children’s offer because you don’t think your pool or busy street is safe for them
- Refusing to rent an upper unit to an elderly tenant because you feel stairs are too dangerous
- Showing preference for one protected group above another (i.e. preferring a family with children over a gay couple)
- Not renting the home to a family with multiple kids because ‘the children will destroy the home’.
- Not treating everyone with the same professional courtesy (greetings, returning calls, tonality, response time)
- Buyer or agent ‘love letters’; especially those with photos
Up until this year, I was an agent sending & receiving love letters. I had no idea they were an indirect method of discrimination; and our stories previously helped my clients get the deal. 2020 brings about many changes, and I am happy to adjust course to assist in offering a better opportunity for all. Please, encourage other professionals in the industry and owners to practice making selling and leasing decisions based on criteria that does not exclude. I will recommend future sellers do not read letters during the decision making process. We can all improve from here and be better at this.
Here’s an interesting infographic with the most common Fair Housing complaints from 2018:
If you know someone who has been party to discrimination in housing, it’s important to educate, and to speak up. Here’s a link to submit a violation:
The only way we change the cycle and truly offer equal housing to all humans is through a system of ethics, awareness of implicit bias, and accountability measures. Feel free to comment your thoughts or experiences below – let’s bring about some positive acknowledgment to build better, stronger, more diverse communities together.
Read Full Post | Make a Comment ( 1 so far )New Property Trends: Modular Net Zero Homes
Hi friends! Have you been looking for a cheaper, better, faster way to build a home? Read on for some new trends in modular housing that might suit exactly what you’re looking for!
What is a modular home?
S2A Modular Model #GreenLuxHome 22
Modular is NOT manufactured. They are not your rectangle box mobile homes that might come to mind. They are created 90% in the factory, and about 10% on site, and they look and feel like any normal home. Modular homes aren’t different than a traditional stick built home, other than they are built indoors in a controlled factory environment, instead of outdoors.
Brian Kuzdas, CEO of S2A Modular, presented an interesting webinar today and told us about ways that modular homes are more sustainable for the Earth, take less time to create, have a 35% potential ROI for investors.
A couple of the main benefits of modular homes are they save you from shady contractors, and there is no compromise when it comes to design.
Other advantages of modular homes:
- Time (traditional home build time: 1 year; modular home build time: 3 months)
- Price (15-20% cheaper to build in factory)
- Strength (modular homes have to survive a literal transport, traditional homes don’t)
- Neighbors (much less stress on the neighborhood)
- Contractors (get to work inside instead of out in the elements)
- State inspections (less time waiting for inspectors)
One of the downsides to modular is financing. There aren’t a ton of lenders familiar with modular housing loans, but US Bank is one of them. Just reach out if you’d like a contact!
Want to build a modular home of your own?
S2A Modular Model #GreenLuxHome 13
Modular homes can be built ‘tiny’ as ADU’s, and size all the way up to 10,000+ sq ft mansions. There are 7 steps if you’re interested in building a custom modular home from start to finish:
- Feasibility study (cost $3500, and helps you determine how big you can build)
- Design (a modular architect is recommended, it will be less expensive in most cases)
- Construction agreement (firming up your choices)
- Engineering
- Permitting
- Site construction / setting modules
- Onsite completion (this is the last 10% of building that assembles the pieces & happens on site. These last materials also dictate the style and make your home exactly as you want it)
Check out https://www.s2amodular.com/ for various design styles & ideas to build a modular home of your own. Endless customization – so neat!!
Sustainability & Modular Homes
The modular homes that S2A builds are ‘Net Zero’ & ‘Net Positive’ when it comes to net metering. They also use high performing, affordable, solar panels and solar roof tiles with Graphene technology. You won’t have any utility bills.
Smart windows, doors, heating, cooling, insulation, & lighting are all used in these custom modular homes. Furthermore, organic building materials are used, and they are all resistant to termite, dry-rot, and mildew free….which saves money down the road. Li-Fi technology is used instead of Wi-Fi, and there is a singular app that controls these homes, which makes the systems un-hackable.
If you’re interested in planning your modular home build, just reach to Angie via text at 949-338-7408, or fill out the form below. We’ll help you plan for your perfect pad, & get you all connected to the right contacts to create your custom home 🙂
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Global Real Estate – Hot Spots & Tips to Buy in them
Global & International Real Estate is GROWING
Did you know 1 in 10 US residents are considering owning international real estate? But how can you protect yourself from making a lemon investment? Thanks to OCR’s Global committee, we have some pointers for you! Michael Cobb CEO of ECI development started off our International Real Estate Forum today reminding Realtors that we bring value to international transactions by helping our clients know to ask the right questions. In foreign countries, hot water, running water, and other conveniences (like plumbing) we take for granted in America are not alway included in the price tag. It’s critical to be careful and make sure you align with multiple professionals to ask ALL the right questions when you buy internationally. One way to do this is to work with a CIPS Realtor to help you find the most reliable real estate contacts in your preferred country. CIPS agents are Certified International Property Specialists, and have special training to help you avoid international buying nightmares.
Nicaragua – an International investment gem
Nicaragua has been a growing spot to get deep discounts in real estate, and Michael personally lived there for 14 years, while raising 2 young daughters. It usually takes about 6-9 months after you visit Nicaragua and sign documents to receive your title, and buying is friendly to foreigners. The country has beautiful scenery, and also offers the following benefits:
- Safe
- Inexpensive real estate
- Low cost of living
- Low cost medical care
- Fishing, diving, snorkeling, surfing
- Social projects & involvement
- You CAN own the land and get freehold title
- Property tax is only 1%
- Easy residency programs
Foreign Property Investments in Belize
Belize is a tiny country that wasn’t on the radar at all until recently, and now it’s exploding. The title process is 3-6 months, but you can complete a property transaction in just an hour if you’re there in person. English is the official language, so it’s easy to read contracts. Prices are reasonable right now, and the hotspot to check out is Ambergris Caye. Belize was also voted the “most wished for place to visit” on AirBnB, so an excellent consideration for your vacation rental. If you’re thinking of AirBnB, you will have to pay hotel tax, so be sure to factor that in. Speaking of air…air travel has doubled over the last 3 years to Belize, and there is still plenty of room for growth. Baymen Gardens by Best Western currently offer options under 100K for a residence if you’re looking for an affordable vacation rental. Some benefits of owning property in Belize include:
- Political stability
- Short easy flights
- 17% tourism growth the last 3 years
- Property is still affordable
US Citizens are now buying property in Costa Rica easily
Beautiful Ocho Bungalows in Costa Rica – Sean the owner used to live in US, and now calls Tamarindo his home. He built these gorgeous bungalows there.
Costa Rica is an absolutely stunning country, with 27% park-protected land. Costa Rica has a “Pura Vida” (Pure life) mindset, so this is the place to go if you like a healthy lifestyle. Hunting is banned, no zoos, and animals cannot be pets. No tornados or hurricanes there, however, they do have earthquakes. Ocean temp is about 80 degrees all year long, so it’s perfect for a vacation home or rental. Weather is typically nice, but they do have rainy season. You can stay for 90 days with a US passport, so plenty of time to research areas, builders, and pick your perfect property! Costa Rica is also a solid consideration for a second home because:
- Democracy for 196 years, stable society, tradition of peace
- Mostly Bilingual
- Foreign property rights
- Blue zone for longevity, excellent health care
- Quality national public health system, as well as private healthcare
- Wildlife tours, river rafting, hikes to waterfalls, hot springs, zip lines
- US Babies born there get dual citizenship
- Property tax only .25%-.40% (niiiice)
- Food has no hormones or weed killers
An update to our previous video about buying real estate in Costa Rica —> there’s now NEW foreign mortgage opportunities for US citizens in Costa Rica!! Previously you had to buy with all cash, so this is really cool! It’s for residential only, no business or land. Interest rates in Costa Rica for locals run high, around 12%. This program comes from a lender in TX, and currently has a 7.5% rate for loans over 100K. No coastline foreign investments closer than 200 meters, though. 720 credit is required, and 30% down is required. If you’d like more info just contact us at 949-338-7408 and we’ll help you on your way to a Pura Vida lifestyle 🙂
Mexico beaches drive global condo buyers
Real Estate expert Alvaro Quirante presented about Riviera Maya and the consistent growth of traffic into the Cancun airport, which creates opportunity. Travel is consistent all year long, so there is no on or off season. Currently they are creating a huge marina, and a theme park, which will create 5000 new jobs in the area. Tulum has been one of the cities that gets the best capital gains each year. A few reasons:
- Eco-friendly
- Mayan ruins, top TripAdvisor destination
- Tulum famous beaches
- Stable economy with multiple sources of income
- Properties start around 75K
- Availability to have major companies back your investment guaranteeing 8-13% yearly ROI, with Lux properties for example.
- You can buy property with a self-directed IRA
What does the buying process in Mexico look like? We tried to explain it in this video about buying real estate in Cabo…but here’s an easy slide from today’s presentation that guides you through the process:
As you can see, each country is really different when it comes to process, ability to get a mortgage / title, and the various property options you have. We LOVE international real estate and would love to help you explore your next global property investment. Simply fill out the form below or text 949-338-7408 and we’ll send you some international property buying tips!
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5 Things We’re Focusing on During COVID-19
Welp, in a matter of 2 weeks… our world has completely changed with the Coronavirus COVID-19 pandemic, and we’re scrambling along with the rest of society to find a ‘new normal’. That said, it’s refreshing to have the opportunity to rethink everything we’ve been doing; both professionally and personally, to reprioritize what’s most important.
Our Top 5 Focus Areas During Orange County Quarantine
- Relationships – Above all, we love & care about our family, clients, prospects, & fellow humans. We’re moving to Zoom meetings, FaceTimes, and other online communication forums to ensure everyone’s safety and flatten the curve. Checking in on people who might be lonely or struggling with kind texts. I’ve committed to doing more regular videos, and virtual open houses. One action item was a comfy space at home to do virtual meetings – have you created yours yet? It’s fun! Feel free to comment a pic for us 🙂
- Immunity – Clearly, we’ve got nothing without our health. We think and act better when our body is functioning at it’s best. During this time, are you eating for health & wellness? Taking vitamins? For sure….dark chocolate is still aplenty in our home, but personally I’m watching my sugar, soy, hormone, and gluten intake, and drinking more alkaline water. We’ve got handsoap filled by each sink – one of our fave brands is Jade Bloom if you like delivery & to support small business 😉 Another thing we did was up our Farm Fresh to You order. They deliver all kinds of healthy fruits, veggies, & even organic eggs to your door. Why go to grocery if you don’t have to? Also made a nightly routine of essential oils, because they are soothing & help immunity. Favorites are lavender, protect, & lucid for sleeping. Please share…what are your secrets for immunity?
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We’re seeing a lot of our clients on social media baking & crafting with their kiddos. We love to watch everyone embracing this family time in their homes.
Mental health – This is a BIG one. People’s lives just got disrupted and they are angry, scared, and upset. Ignoring it, shaming yourself, or attempts to drown it away won’t help. We need to come to terms, choose LOVE, and a new path to move forward. My preferred way to handle this is to ask: “Is my inner child happy today?” If I do something to make my inner child happy, then I usually feel good about life. When I cage my inner child, shame her, or ignore her because I’m unbalanced in some way….THEN my mental health seems to go sideways. Usually ‘little Angie’ wants to make something, hence the artist studios we’ve been building through Flower Den Retreats. Cooking, yoga, meditation, and prayer are also great daily exercises for mental health. What are you intentionally doing to protect your mindset right now? Are you at peace with yourself & love yourself? This is the space where smart & strategic decisions come from…be ready to make them. And it’s OKAY if you’re down in the dumps. Please reach out to someone you love for a life rope. The national suicide hotline is 1-800-273-8255 – save this number in your phone – you may never need it, but a friend just might!
- Budget – Not gonna lie – things could get tight. Are you handling this on a proactive or a reactive basis? You probably have the time to be proactive, so do that. Check online to see what relief your mortgage company is offering, and stay subscribed to our YouTube & blog here for regular updates on national mortgage relief options. Think….Where can you cut more? What small businesses can you support more? For example, we’re planning to cut our 800# & moving to WhatsApp – seems to be the preferred international & ‘long distance’ platform anyway. What apps are you paying for that you don’t use? Subscriptions? This is a great time to organize your finances, put everything on autopay, or even take the time to improve your credit. We recommend the CreditKarma app to get started on credit, and Mint.com for an overall picture. Let us know what resources you use to plan your budget.
- Investments – No time like the present to watch your favorite experts on YouTube! Consider sharpening up your knowledge and exploring some new areas to invest in. Ask hard questions like: Am I diversified? Stocks, mutual funds, crypto, property? How can I spread my risk? Do I have all my eggs in one basket? WHO am I trusting to get my facts from? Since we’re experts on the Orange County real estate market, we’ll help you with quality local resources to trust. A couple favorites are Reports on Housing & California Association of Realtors.
“Nothing can bring a real sense of security into the home except true love.” – Billy Graham
For most of our clients, their home is their biggest investment, and they’re spending a LOT of time in it right now. Hopefully, you’re happy with your space and embracing this time to improve upon it. If you’re worried about your property value going up, down, or sideways… you’re not alone. We offer monthly home value reports to show you what’s happening in your neighborhood. Just text Angie your address at 949-338-7408, or fill out the form below to receive your property’s value.
We want to wish you and your family health, healing, and happiness during this quarantine. Please reach out if we can help you with anything – we’re here for you & care about our fellow humans!
Down Payments Holding You Back? Home Buying Hack: Silent Investors!
Ready to Own a Home?
Owning a home is the American Dream yet this dream has become more and more challenging to achieve. With the increasing burden of student loan debt, high interest rates, rising rent costs, and a competitive housing market – it seems impossible to purchase your first home on your own.
The costs of owning a home go beyond what you can afford in a monthly payment. Monthly mortgage payments and interest rates depend on how much you can afford for the down payment. But how can you afford a down payment when the cost of living continues to rise? The upfront costs associated with purchasing a home often intimidate people from owning a home. The ease of transferring rental deposits from rental company to rental company seem easier when comparing upfront costs. So, how do you secure your dream home that could be a great investment for your future, without cashing out all of your assets or taking out MORE loans?
Insert Unison!
Unison shares the down payment cost with you, lowering your upfront costs, reducing your overall mortgage loan, while also lowering your monthly payments. The money is given to homebuyers in the form of an investment, its NOT a loan! That’s right – that means you have no monthly obligations to Unison – interest free! Imagine walking into your dream home and having confidence that you can afford it. How It Works: Unison Invests in Your Home
- Unison helps you purchase a home by giving you money to put towards your down payment (contributions ranging from 5-20% of the homes value).
- You don’t owe Unison any money until you decide to sell your home. Yup, no monthly obligations, no interest, no extra loans!
- Once you decide to sell your home, you send Unison a single payment equal to the initial investment offer. If your house has increased in value (appreciated) or decreased value (depreciated), Unison will add or subtract the difference.
- If your home appreciates, you’ll make a payment to Unison equal to the original amountUnison provided for the down payment + (or -) the appreciation value.
View Unison’s approved lenders here.
Read Full Post | Make a Comment ( None so far )Looking to Buy or Sell a Home? See You January 18th!
8th Annual OC Home Fair
Looking to buy or sell a home? Investment property? Just curious about becoming a homeowner? Renting and want to own? WE have an event for you!
The Southern California Home Fair is a *FREE* community event designed to provide home owners, home buyers, renters, and seasoned investors with free, personalized and comprehensive information from some leading experts in real estate! Attendees can choose from a variety of relevant topics including: hassle-free home buying, investing to be an automatic millionaire, buying a home under your business umbrella, and much more. Below are 5 OC Home Fair highlights.
The Southern California Home Fair is next Saturday! Join us next week, January 18th at the 8th Annual OC Home Fair and experience Homeownership Day.
5 OC Home Fair Class Highlights
#1 Easy Tips to Improve Credit
#2 Finding up to 90K to Buy Your Home – Down Payment Programs
#3 Real People – Real Estate Success Stories
#4 How Student Loan Debt Can Fit Into your Home Buying Picture
#5 Home Buying 101 – Pre-Purchase Counseling
View the full class schedule list here.
Click here to register, just enter your information and select the class you want to attend!
Buying Your First Home in California: How to Dig up Down Payment Funds
Today we’re spending a Saturday in Pomona at FACE LA’s Homebuying Fair – we met them through NAWRB and LOVE what these organizations stand for. FACE has compiled quite a few programs to help you with down payment funds, and have relationships with LOTS of generous banks who can help with lower interest rates, buy downs, silent seconds, and more. Sharing is caring…so read below to find some free down payment funds to get your family into a home!Tip 1: Find a lender familiar with the Community Reinvestment Act, and align yourself with a housing non-profit like FACE.
There are literally programs EVERYWHERE. And they change on the regular. Don’t spend your precious time researching outdated internet options when you can meet someone face to face who will help you with free homeownership coaching and what’s available right now.
As of Oct 2019, when we’re writing this post, we wanted to include some snippets on current programs that could help you close the gap to your down payment goal.
Tip 2: Explore Down Payment Programs & properly prepare to buy a home with education
In LA for example there are LIPA & MIPA . The LIPA or low income purchase assistance program offers 90K in down payment funds. The MIPA or moderate income purchase assistance program offers 60K, which goes a long way even in Los Angeles.
These purchase programs (and many others) have some caveats. The home must be your primary residence, and you must pass a homebuyer education class (approx 8 hours). Did you know taking homebuyer education classes before you buy make you 30% less likely to go into foreclosure? This is why many city, bank, and state programs will require you take one before receiving funds. Everyone wants you to succeed in your homeownership venture, so there are milestones like this in place to set you up to win.
If you don’t like the CITY of Los Angeles traffic, maybe the County of LA’s 75K down payment program would be a better fit for you. This program offers a second Trust Deed loan provided at 0% interest with all payments deferred until sale, transfer, refinancing, no longer owner-occupied, or full repayment of the first mortgage. HOP (Home Ownership Program) loans are available to first-time homebuyers in the unincorporated areas of Los Angeles County and cities participating in the Community Development Block Grant (CDBG) Urban County Program.
Maybe Los Angeles isn’t your thing at all….no worries!! CALHFA works all across the state of California for low and moderate income first time homebuyers. They finance almost everything when it comes to costs…down payment AND closing costs. You can literally close with $300 out of pocket. Yup. Read again. We’ve seen it. In OC!!!! Their requirements include 660 credit, owner occupied, and a homebuyer education class. The price cap is currently 765K.
The homebuyer fair today was in City of Pomona, and Pomona offers a fabulous down payment program (MAP) up to 100K! This city has some adorable craftsman homes that could use your TLC. Pomona basically does a silent second for 100K, there is no interest or payments owed by you. It does need to be paid back upon the following circumstances: sale of the home, refinance, occupancy change, or 15 years.
The City of Pomona loan will take a little share of your equity; if you borrowed 10% for this loan, then you need to pay back 10% of your equity upon sale to the city. This is totally fair since they gave you the same percentage to help start you out! Details include no ownership in the last 3 years, homebuying education class (by HUD), income cap requirements, and working with a lender who participates in the program.
Tip 3: Use OPM (Other People’s Money) to Help with your Down Payment
Here’s a video with Cain Rivera’s down payment success story testimony. He was the youngest ever to receive a down payment from the city of LA program. Cain went from paying $1500/mo rent to UNDER $1000/mo mortgage owning his own condo in Balboa Park, and he didn’t have to leave LA to do it:
Tip 4: Layer your SoCal Down Payment Program benefits with bank programs too:
It was great to see so many banks offering programs to first time buyers. Here’s just a few of the programs our banking panelists talked about. If you’d like to get more info, sometime’s it’s easiest to just call FACE or check out an upcoming Home Fair – like OC Home Fair every January.
- Bank of America currently offers a 10K grant offering in low to moderate income communities, PLUS a 7500 closing cost credit that applies to the entire country, check into it! In many states 7500 would cover the majority of your closing costs! 🙂
- Wells Fargo has a lift program that gives 25K.
- Boston Private has a 1% down conventional first time buyer program without mortgage insurance (when layered w other programs) that considers the entire scenario. If you’re self employed.. this is a great bank to call.
Union Bank has a 3K down payment assistance grant for closing costs or down payment assistance, which can be layered with other programs. Sorry couldn’t find the link for this exact program, but here are the low down offerings!- HSBC offers 7K toward closing costs for first time home buyers, and also 1/2 off your interest rate! Their credit requirement is only 620 so they are good if your credit is bad.
- US Bank has 95-97% loan to value offerings & non-traditional credit consideration. They have a Mortgage Insurance program where they pick it up on your behalf. If you want just a lot, ask about their land program! You may also qualify for the American Dream program.
- Bank of Hope has an in house underwriting Dept with a quick turnaround. They also waive mortgage application fees if you have an account with them.
- Loan Depot – prides themselves on being very familiar with DAP – down payment assistance programs. They like to layer, and they can take credit as low as a 520 score.
These are just a few offerings and programs that are available in communities here in Southern California. Programs work if you are 20-70 years old – it’s never too late or early to consider homeownership!
One negative is these programs sometimes take major negotiating to get a seller to accept your offer, because they take 2x as long as a traditional escrow. You NEED a Realtor to represent you and keep the seller calm and informed.
Also, by the time you come across this post some of these programs may be expired, and new ones available. If you’d like us to hold your hand through the journey we’d be honored, just call or text Angie at 949-338-7408. As a 19 year old first time buyer who put only 3K down, I understand EXACTLY where you are at, and have a heart and the resources to help 🙂
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NAWRB supports ALL women as they march to the beat of their own drum. Photo below: 
Orange County Real Estate Success 