Making Life Easier

THANKS clients & Family Jules Art Gallery!

Posted on May 25, 2017. Filed under: Client Appreciation events, Home Improvement Ideas, Making Life Easier, OC Charities, Orange County things to do, Real Estate Stories |

We just wanted to send a huge thanks to everyone who was able to make it out for our first ever client appreciation event on 5/20/17 ūüôā It was absolutely wonderful to catch up and hear your Real Estate Stories. We laughed, reminisced, mixed, snacked, & got a little messy. We thought it would be fun to do a ‘paint night’, where both creativity & vino were flowing. WOW did everyone’s paintings turn out cool!

We purposefully selected this tree. We thought it conveyed such a great light and energy, with a symmetrical yet organic flow. It’s like a ‘tree of life’ or a ‘family tree’; both of which make a great fit in our client’s homes. We want you to have solid roots, bear much fruit, and always be growing.

tree

Making an Orange County Masterpiece

It was an honor to color our canvases¬†in a REAL Fullerton art gallery, Family Jules. Be sure to give them a like on Facebook or follow @FamilyJulesGallery on Instagram. Family Jules supports local artists by giving them a space to feature their art for a reasonable price, and helping artists market, and sell, & network. It’s a really neat concept and we we were happy to support them by donating our easels. Now¬†they can now extend shows onto the courtyard, or hold more paint nights in the future. WIN-WIN. Our goal is to bring awareness and light into other cool venues like this with our future client appreciation events…so stay tuned! Feel free to comment below if you have suggestions.

Just a reminder we love and appreciate all our clients no matter how much we hear from you! Sometimes it’s every 5 years, other times it’s every 5 days…we’re here to support all your real estate dreams and goals. Stay in touch and let us be your resource to grow a solid real estate portfolio. 949-338-7408 or angie@askangie.com

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INVITATION: Citrus College Home Fair

Posted on April 10, 2017. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County Real Estate, Orange County things to do | Tags: , , , , , , , |

Interested in buying a home in Southern California but don’t know how? Would you like safe and solid info on Real Estate Investing or Market reports and trends? We’ve got you covered with free sessions at Citrus College on April 23rd.

The event will be held from 11am Р3pm with an hour lunch break. There are 3 different sessions, each with 4 classes to choose from ranging from flipping to first time buying. We feel honored to be asked to teach 2 classes РInvesting and Market Report. Come join us and learn how to buy real estate! The first 100 registrations receive a free lunch on Citrus Real Estate Club Рjust sign up below.

CitrusFlyer

Yes, sign me up for Citrus College’s Home Fair on April 23rd!

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How to Buy an Orange County Home with 1% Down

Posted on March 23, 2017. Filed under: First Time Buyer help, Lenders & Loan info, Making Life Easier, Orange County Real Estate | Tags: , , , , , , |

We believe everyone, EVERYONE, deserves to own a home!! So what’s your¬†biggest obstacle to get there?

Down payment funds?! Probably!

We don’t live in a society that saves money, so how can you buy a home if you’re savings account isn’t 5 figures or more? There’s a way, and we wanted to let you know you have options!

Orange County Down Payment Assistance Programs

A great resource to reach out to for housing grants and financial help is NeighborWorks Orange County. The NeighborWorks website lists lots of really great programs – here’s a flyer¬†to check out just a few:

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For your convenience, income limits for each program are color coded at the bottom of this sheet. NeighborWorks is located in Orange, and they’re always coming up with a new program or a way to help you improve credit, budget, and your overall financial picture.¬†Here’s a link to their homebuyer classes, given in various languages ūüôā

In order to learn about everything this great nonprofit¬†has, it’s best to attend a workshop. They also have an online or in house course¬†you can take to get¬†fully equipped to buy a home. It does cost a nominal fee, but you get your money back when you provide your closing statement within 12 months. How cool is that?!??

If you’re the type of person who wants to work with a charity FIRST,¬†or if you just don’t have a down payment and you need help, reach out by texting 949-338-7408 or filling out the form below, and we’ll put you in touch with NeighborWorks so you can get on the affordable path to homeownership!

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Selling your home? 29 Essential Tips.

Posted on February 6, 2017. Filed under: Home Seller Tips, Informed Investor Alliance, Making Life Easier, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

screen-shot-2017-02-06-at-2-20-51-pmSelling a home in Southern California is no small job. There are hundreds of items that could be attended to Рbut which are most important?

Smart sellers get the inside scoop early – fill out the form below to receive a comprehensive report: 29 Essential Tips that Get Homes Sold FAST & for Top Dollar.

In addition, you’ll receive the latest Orange County¬†Reports On Housing update. Find out out the market temperature, average days it takes to sell, and how many homes are on the market in your city.

A combined $59 value that could net you thousands is yours free by filling out the form below. Get this expert advice at your fingertips Рguaranteed to your door within 7 days!

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Charming Home For Sale in Mission Viejo

Posted on February 3, 2017. Filed under: First Time Buyer help, Informed Investor Alliance, Making Life Easier, OC Property Profiles, Orange County Real Estate |

If you’re tired of ‘overdone’ properties that are completely outside your taste, then this Mission Viejo property for sale should be a breath of fresh air. With solid structure, but old decor, this is the perfect project for the buyer who wants a good deal and the opportunity to do their own upgrades. Priced at¬†just $684,900 – it¬†won’t linger long!

This¬†traditional 2 story offers¬†3 beds, 2.5 baths, 2 car garage, and 1776 sq ft on a 5000 sq ft lot. All schools are rated 9 or 10, and it’s on a single loaded street walking distance to James Gilleran¬†park.

Additional features include:

  • Jacuzzi
  • Wet bar
  • Fireplace
  • Master bath with separate tub & shower
  • Master balcony
  • Inside laundry room
  • Arched doorways
  • Downstairs newer tile
  • Recirculating hot water – it’s instant!
  • Wired for speakers in & outside, cable too
  • Air conditioning
  • Outdoor LED lights in front.
  • HUGE extra storage closet in office

You won’t find this home on the MLS, so beat the rush! For a private showing call or text Angie at 949-338-7408 or simply fill out the form below!

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Become an Automatic Millionaire Homeowner

Posted on November 29, 2016. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , |

Ever wonder how people really come up in real estate? It doesn’t require a huge amount of capital, brains, or hard work. The process is surprisingly simple, and we’ll teach you the jist in just half an hour.

re-investing

The best thing about becoming a millionaire homeowner is that anyone can do it.

Learn How at Homeownership Day Jan 14th, 2017

We’ll teach you the simple process based off David Bach’s “Automatic Millionaire Homeowner” book in an easy, 1/2 hour session at Chapman University from 12:15 – 12:45pm.

This is a class for normal people who would like to do extraordinary things in real estate while maintaining their existing lifestyle, career, and family.

The Automatic Millionaire Homeowner is not a¬†get-rich-quick scheme; everything is done on your individual timeline, and without a membership in some expensive group or school. The only money you spend will be on real estate itself. Simple concepts that once applied, will bring you huge returns regardless of where you own property. And the younger you have this knowledge and you start…the better.

Register below for this free event – space is limited!

ochfgraphicMore about Homeownership Day / OC Home Fair

This yearly event is a collaborative between Chapman University, Orange County Young Professionals Network, OC Register, and non-profits VAREP and NeighborWorks OC designed to bring you honest real estate information with no pressure or gimmicks.

There will be 4 different sessions, each with 5 classes to choose from. Attendees enjoy a ‘choose your own adventure’ style and pick the classes that interest them most. Instructors are all active experts in the industry volunteering their time to benefit our community. Visit www.OCHomeFair.com for the full class list and session times.

Where: Chapman University’s Beckman Hall 1 University Dr, Orange, CA 92866
When: January 14th, 2017 from 10am – 1pm
Cost: free

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Got an Ugly Duck Property to Sell?

Posted on October 26, 2016. Filed under: Home Seller Tips, Informed Investor Alliance, Making Life Easier, OC Property Profiles, Orange County CA Foreclosures, Orange County Real Estate |

red-tagged-house

It’s common knowledge that you’ll¬†get the most for a property when it’s upgraded, staged, and correctly marketed. But for some Orange County home sellers, this isn’t an option. Sometimes there was a problem insurance didn’t cover, sometimes the property was inherited and needs 40 years of updates, or other times there is a divorce or a death that requires a fast move. Whatever your case may be, there are¬†buyers out there who want to¬†exchange your ‘problem child’ for quick cash.

This week, we interviewed one of our investors to learn a little more about the types of property she targets. She told me¬†“Angie, we buy other people’s problems.” Here’s a deeper look into those problem homes¬†and how an investor or all-cash buyer may be your solution¬†to avoid headaches.

Southern California Hoarder Homes

If you’ve got a hoarder home on your hands, definitely consider your time and¬†cost to clean it out. The process can take weeks, even months, especially if you have an emotional connection to any of the items inside. On top of that… under all the clutter is probably some deferred maintenance waiting as well. Rather than going to market with today’s buyers who all like everything clean and new, it may be best to strike a deal with an investor who will take the home as-is.

The Family Property

You’ve had Thanksgiving & plenty of holiday parties here, and over the years your parents haven’t had any garage sales, and they have kept every memory packed away in the attic and 4+ bedrooms. Now it’s time to move them to a condo or assisted living facility, but what to do with all this STUFF?

It’s not a problem for an investor. She says:

“…We purchased a property earlier this¬†year.¬†It was from an agent who had a client that she knew the whole family, and the mom had to go into a home. The kids did not want to deal with all of the stuff in the house, they just came and took family photos and a few things. We bought it as she left it ‚Äď full of her things. We donated belongings¬†to charity and then proceeded with the work.

As a matter of fact, the last several we have bought have been similar situations ‚Äď that the agent knew the family and they just wanted a quick cash sale. It made it easy for both sides to sell¬†before the house ever hit the MLS.”

The Money Pit

Ever tried to be an investor and failed? Ran out of money, time, or resources before the flip was done? It happens, more than you may realize. Especially with all the flipping shows out there right now! If you’re ready to throw in the towel on problems with the city, or a red tagged, unfinished construction,¬†you’ll probably NEED to find a cash buyer or investor. Lenders won’t typically loan on partially completed construction.

The Get Me Out NOW Divorce

Sometimes, you just want out. You have other things on your mind. You don’t want to deal with a buyer whining about repairs, or people traipsing through your home when you’re trying to pack up and move out. And you definitely don’t want to sit with your future in¬†limbo waiting for the lender who promises the world… but delays at every corner. Nasty divorces are a perfect fit for a cash sale; we’ve all got a story on that one. Sometimes it’s best to cut your losses and move forward on a new path. Like now.

crazy_cat_lady_4The Residential Zoo

Ever walked into a home with too many animals? Barf. Ever try to sell a home with pet smells? Good luck! Homes that had a lot of animals living in them, that were not taken care of, can require a lot of time and attention to air out. Plus, you’ve got the unfortunate situations that have¬†feces inches deep on every surface including walls…damage to doors and baseboards from scratching… definitely a candidate for the investor buyer.

The scenarios are endless, but for every home there is a buyer. It just may not be the traditional kind. If you’ve got a challenge on your hands, give the AskAngie team a call at 949-338-7408 or fill out the form below to schedule a consultation on the best way for you to sell without headaches.

 

 

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Orange County Solar – will it save me money?

Posted on October 21, 2016. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County Home Improvement, Orange County Real Estate | Tags: , , , , |

solar-panelsWondering if you should¬†add solar when you¬†buy your¬†home? It’s one of our most common questions, so let’s check into it! Today, we attended¬†a solar seminar with Alan Issacs & GoSolar¬†from our LeTip group to find out more on this popular subject.

The average monthly cost of electricity for a CA resident is $183/mo, or $2200/yr. On top of that, it’s constantly increasing, on an average of 5% per year. So if you think your bills are big now…just wait…

How does Solar work?

Solar panels convert sunlight into the same electric energy you get from the utility company. Materials consist of solar panels installed on your roof, and inverters. In many cases, you’ll still be connected to the grid, so you will have access to electricity if your¬†panels don’t generate enough, and you will get a credit for the excess energy you generate – win win so far!

Solar Installation & Purchasing Tips:

  • Size your system to produce 80% of the energy you need, not 100%. You can always add panels later if you want to, as long as you are using a micro inverter instead of a¬†string inverter.
  • If you buy solar (not lease) before Dec 31st 2021, you’ll receive a 30% federal tax credit
  • Just like homeownership, the really big savings comes over the long term; check out this 20 year projection graph:

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Interested in Going Green Now? Steps to Go Solar:

  1. Solar Energy Consultation
  2. Proposal
  3. Solar Site Assessment
  4. Contract
  5. HOA Approval (remember many HOA’s only meet once a month, and many times they require neighbor approval – plan in advance!)
  6. City Permit – the company you select for solar will usually pull this for you
  7. Installation – these work on EVERY type of roof, and typically takes 3 days
  8. Inspection
  9. Net Energy Metering (NEM) agreement
  10. Permission to Operate (PTO)

The entire process takes about 4-8 weeks, depending on weather, how many panels you have, and various other factors.

How Should I Pay For Solar?

It’s all about options – and there’s plenty. Some are by far better than others. Let’s explore them further:

  • Upfront – typically pays back within 5 years and offers a 30% tax credit
  • Consumer Energy Efficiency loan – also eligible for tax credit. This¬†is also tied to you the owner, which will save headaches when you go to sell your Orange County home.
  • HELOC – you can use your current home equity to purchase by taking out a Home Equity Line of Credit
  • HERO / PACE loan – a secured loan where your credit is not even checked. Be careful of these options, it can scare buyers if you go to sell your home. If you KNOW you’re going to stay in your property until it’s paid off, then go for it. The interest rate is usually 8%; so it may be better for you to take out a HELOC if you have equity.
  • Lease / Power Purchase agreement – the worst option for payment, because you are not eligible for tax credit, it’s typically a TWENTY year agreement, and your lease payments typically increase annually (around 3%). This option can also make it difficult for you to sell your home.

If you’d like more info on Solar, feel free to reach out to 949-338-7408 or tweet @AngieWeeks, and we’d be happy to connect you with multiple people we know in the Solar industry!

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Tiny Homes & Cutting Edge Home Performance Monitoring 

Posted on September 23, 2016. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County Home Improvement, Orange County Real Estate | Tags: , , , , , |

img_9170

Tiny Home owner / builder Corbett Lunsford

Good times at Orange County Association of Realtors today – we got to tour a tiny home & meet the builder! First cool point, the builder, Corbett, is a totally *normal* person, who has never built a home. He’s towed this tiny 7000 miles & it’s still in tact! Hopefully this inspires some of you readers who are interested to explore tiny builds further ūüėä Check out the pics!

Tiny Terrors?

But wait. Isn’t it dangerous to try to build your own home? Well, builder homes aren’t as safe as you might think. Construction crews blow it all the time. A good build is about time & attention, you don’t have to be a rocket scientist. It’s ok if you don’t want to DIY, but read on for some tips about ensuring your existing home is safe for your family.

Your home is a system.

Everything is designed to work together. But does it? Is the symphony in tune? You get a heart monitor at the hospital, but what about a home monitor for your most important investment?

And hey – energy efficiency is all the rage – the government will give you a rebate for replacing your furnace or air conditioner with a higher performance model; plus you’ve heard about all the solar credits too. Who wouldn’t want lower bills & tax breaks?!

How do I know my home is safe & efficient?

You won’t know until you get an Energy Audit & do some home performance testing! Here’s your 4-3-2-1 on what you want to look for:

4 Elements – heat flow, airflow / pressure, moisture, air quality.

3 Recommendations – air sealing (control heat bleed), insulation, HVAC / mechanicals

2 Systems – enclosure, engine (anything that moves)

1 Goal – CONTROL

Thermal imaging can tell you so much about a home’s efficiency. If you’re building a home, buying a home, or selling a home, then consider doing a blower door test and an infared thermal photography scan. This will prove beyond a doubt your mission critical systems are functioning or failing. More tests to prove efficiency are:

  • Duct / air tightness testing
  • Zonal pressure testing
  • HVAC testing

Home Diagnostics with Corbett & Grace Lunsford will be on TV next year if you’d like more info on how to go CSI on a home! Want it sooner? Check out #TinyLab on social media.

Call the AskAngie Team at 949-338-7408 or tweet @angieweeks if you need a referral to do one of the tests mentioned – we want you safe & smiling in your home, whatever size it may be ūüŹ° ūüėĄ ūüĆü

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Orange County 1031 Exchange & Other Investor Property Tax Shelters

Posted on September 14, 2016. Filed under: Informed Investor Alliance, Making Life Easier, Orange County Real Estate | Tags: , , , , , , , |

smart-investorGot investment property?

It’s surprising how many property investors we meet who aren’t familiar with 1031 Exchange. Since money doesn’t grow on trees, maybe we can save you some when you decide to sell – read on!

Recently Debbie Bannister with Exchange Resources spoke to our Real Estate Focus group with some 1031 Exchange tips. If you are wondering whether your property fits the mold for a 1031, here are some qualifying terms:

  • Must be an investment property, not a primary residence
  • Property you are exchanging for must be equal or greater value than net sales¬†price
  • Exchange must be done by a qualified intermediary

What kind of properties can be included in a 1031 Exchange?

The properties must be ‘like kind’. Like kind is defined as any real property held for the productive use in a trade or business for investment purposes. Land can also qualify. 1031 properties¬†cannot be for your personal use, but you can put your business in one, per the definition above :). Many investors also ask if the debt on the property counts toward the exchange. The answer is Yes, loan debt is included. If you don’t want to take on new debt, however, you have the option to¬†pay cash as the down payment on your move up property. And if the property you’re purchasing needs work, you can also do an “improvement exchange”. Lots of options!

1031 Exchange Timelines

45 days after the close of your investment property, you must identify a property to buy that is of equal or greater value. If you can’t buy one of the properties you identify for the 1031 exchange, then your¬†exchange is off even if you buy some other property; therefore this is a crucial step. You can identify up to 3 properties, so make sure not to put all your eggs in just one basket. Strategy: identify your favorite on the first day, then wait till day 40-45 to identify your backup options.
180 days to buy, close, and be completely done.

1031timeline

Cashing out funds with a 1031 Exchange

In some situations you may not want loan debt, so a partial exchange is an option. Or maybe you want cash. This is also an option, but talk to your CPA about how much cash you should keep because you will be taxed on it.

Tax intelligent ways to get completely OUT of your real estate investments

Bruce Jones our tax strategist talked to this extent, and you’ve got some options:

  • Charitable property
  • Deferred sales trust (don’t do it – none of our experts recommend this!)
  • Structured sale
  • Traditional installment sale (aka seller carry back)

Remember the IRS is not your enemy, lack of knowledge is.

Bruce suggested to consider coupling a monetized loan with an installment sale. You still get a tax free chunk of change at close of escrow, and you can defer your taxes for 30 years. It’s kinda complicated, so here’s a pic to help!

img_9046

In case you’re on a mobile & it’s hard to see what’s in the graphic above, here’s the breakdown:

You’ll do a interest only 30 year installment sale:
Seller –(installment sale)–> Dealer –(resale on original terms)—> Final buyer

then, with a Separate investment business loan:
Lender –(loan typically 95% of net sale proceeds)–> Seller –(invests)–> $$$

followed by the Lender’s payment processing and loan guarantee system:
Dealer –(automatic installment payments)–> Payment Processor –(single source limited recourse loan–> Lender

Bruce showed us example after example of SoCal & Orange County property investors he has helped to save hundreds of thousands of dollars. Some even millions, so it’s worth a consultation with him if you decide to cash out all or even some of your real estate portfolio. After all, property investments aren’t all about how much you ‘make’, they are really about how much you get to keep. He’s been utilizing this strategy for almost 20 years and never ran into a problem ūüôā

If you’d like a personal introduction to any of our tax experts, Real Estate Focus group consultants, or a list of investment opportunities, just fill out the form below or call / text Angie at 949-338-7408, & we’d be happy to assist!

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2016 OC Home Fair & Homeownership Day – You’re Invited!

Posted on January 6, 2016. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County CA Foreclosures, Orange County Home Improvement, Orange County Real Estate, Orange County Short Sales | Tags: , , , , , , , |

Orange County housing forecast

Will you be able to move in 2016?

Thinking about making some real estate moves this year or next? Check out The OC Home Fair at Chapman University coming up on Jan 30th. The event is free and offers 5 sessions guided by experts (1/2 hour each) with various classes for all levels of real estate education.

Taking a Saturday every year to protect your biggest investment is a great success strategy. Just think of how much better your life would be if you maximized your real estate opportunities! This event is pitch-free and will teach you to do just that. Fill out the form below for a personalized session plan based off your individual real estate goals:






We look forward to seeing you at #HomeownershipDay & helping you achieve your OC real estate goals!

Questions??? Comment below or like our for more details Facebook page.

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TRID – What Consumers Need to Know

Posted on November 9, 2015. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County Real Estate | Tags: , , , , , |

clock-runningTRID is the TILA / RESPA Integrated Disclosure Rule which is designed to help consumers understand the mortgage and real estate buying process more thoroughly.

How to most industry people see it? TRID is dirt spelled backwards ūüôā It’s a pretty big change and it’s causing delays. We’re annoyed.

45 is the new 30. That’s what everyone’s saying about an escrow timeline. In order to close in 30 days, everything has to flow perfectly. Now be honest, how often does that happen???

In this perfect world…Escrow needs to get the fee sheet over the day the lender requests it.

Furthermore, disclosures need to go out immediately, and the appraisal needs to be ordered pronto. Before loan docs, well pretty much before anything, a CD (Closing Disclosure) needs to get out to the borrower. The best lenders right now are providing this digitally, and those who aren’t (*ahem* B of A, Chase, Wells) have a closing timeframe of 60+ days, which is completely unacceptable. ¬†Every time something big changes, a new Closing Disclosure must go out and there is a 3 day mandatory waiting period. There’s no more room for sloppy documents and slow turnaround for paperwork. Having a good real estate team (title, escrow, lender, and Realtor) who all communicate is crucial more than ever with these TRID guidelines.

Delays can be caused by any one or more of these simple elements within the escrow process:

  • HOA dues
  • HOA transfer fees
  • HOA move in/out fee
  • Sewer lateral
  • Roof inspection
  • Pest inspection
  • Security deposit transfers
  • Insurance Certification costs
  • Prorated rents
  • Seller rent backs
  • Mobile signing fees
  • POA preparation fees
  • Subordination prep fees
  • Draw deed fees
  • Buyer paid Realtor commission
  • Repair credits
  • Carbon monoxide detectors missing

Inspections should be done as soon as possible to avoid any of the above issues. Changing lenders in the middle of the deal now undoes the entire timeline and forces everyone to start over.  You need to interview your lenders and have your team in place BEFORE escrow starts. Call us if you need referrals for competent lenders here in Orange County.

If you’re already in escrow with another team, make¬†sure your agent orders Home Warrantee, all disclosures and inspections right away, and is in good touch with the lender. These are all standard practice already with the AskAngie team.

As a seller, you can help too. Right when you open escrow, call the management company right away with the credit card info and order your HOA documents. They are famously one of the slowest moving parts of an escrow so it should be addressed on day 1.

If you have any comments or questions about working with the new normal and TRID, don’t hesitate to call 949-338-7408, comment below, or tweet @AngieWeeks¬†!

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2016 Real Estate Forecast for Orange County

Posted on October 23, 2015. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County Real Estate | Tags: , , , |

Orange County housing forecast

Will you be able to move in 2016?

Today I had the pleasure of meeting Leslie Appleton Young with California Association of Realtors, and hearing a ton of facts and figures about where real estate stands in the state of California. Wow have we come a long way since 2007! Congrats to all of you who held on to your property!!

As of 2015, the housing market has officially recovered, and we’re rolling along at a steady pace. Over 94% of homes were equity sales this year ūüôā Median price is $482,150. Jobs look good; OC is actually #3 on the list up 3.2%, and construction is #2 on the industry list. All great news for housing. But the big question is…

What About Interest Rates????????

Leslie doesn’t really believe rates are going to jump the way other forecasters do. Well that’s good news…if she’s right ūüôā She said there may be an increase next year, but it happens, she’s not expecting rates to go up until March 2016…so you’ve got a little time to get going! (But please note the best time to buy in OC is always Oct-Jan)

Market Stats & Demographics

We are below average with first time buyers in the market right now, less than 30%. On the other hand, over 30% of properties sold this year went to all cash investors. ¬†75% of boomers are homeowners. 20% of millennials are homeowners. The good news is that 43% of all boomers worry about their children’s down payment… and are willing to help their millennial offspring with gift funds. ¬†International buyers are actually down to 4% this year, they were at 8% in 2013. 45% of Millennials have NO IDEA if they could qualify for a loan or not. What?! Need to check on that kiddos! ūüôā

If you’d like all of CAR’s facts, figures, and 2016 economic forecast click here.

Why aren’t people buying homes?

  • Affordability
  • Inventory
  • Foreclosure pipeline is dry
  • Trouble qualifying for a loan
  • They’re happy where they are (average time between homes right now is 10 years)

Regardless of what the facts & figures say, home prices are on the rise right now and many people are getting priced out of the market. Don’t let this happen to you – TAKE ADVANTAGE of interest rates and consider picking up an investment or upsizing to build a strong portfolio and long term wealth! ¬†Tweet Angie today @angieweeks or text or call 949-338-7408.

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PRE MLS OPEN HOUSE THIS WEEKEND! Investment opportunities in San Marcos – not on the MLS yet!

Posted on May 1, 2015. Filed under: First Time Buyer help, Informed Investor Alliance, Making Life Easier |

2 San Marcos properties on adjoining lots!Located in the rolling foothills of northern San Diego County is San Marcos. Miles of trails in the local hills, unique dining and shopping opportunities in its retail centers, San Marcos has all the ingredients that make life enjoyable. Fifty-six miles of existing trails are great for hiking, biking, running, equestrian use and more! A popular destination is the top of Double Peak Park, which features a panorama of northern San Diego County from the highest coastal peak in the county. The Old California Restaurant largest dining and entertainment experience with eighteen restaurants. Only 12 miles to the Pacific Ocean and 30 miles away from beautiful San Diego.

If this sounds like somewhere you’d like to live or have investments, you are in luck! There are two homes now available that have yet to hit the MLS.

617 Richland, San Marcos CA

The first one is a 3 bed 2 bath; 2,183 sq ft that sits on a 11,878 sq ft lot, great corner lot with a circle drive priced at $499,000!

San Marcos remodeled kitchen at 619 Richland Road

619 Richland, San Marcos CA

The second home is actually right next door, the adjoining lots give huge investment potential! This 2 bed, 2 bath has 1,200 sq ft. and is listed at $370,000.

Open House July 11th 2015 from 1-4pm

Both properties have recently been renovated inside and are scheduled to hit the MLS next week.  Beat the rush and join us at the PRE-MLS open house this weekend on July 11th from 1-4pm.

Can’t make the open house?¬† These great properties are still available for pre MLS showings by appointment only.¬† Seller will consider an offer on one or both! If you would like more details on ideal San Marcos property opportunities email SuccessInWeeks@gmail.com or call or text 949-338-7408.jhbigyg

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OC Home Fair & SoCal Home Ownership Day 2015 is this weekend!

Posted on March 25, 2015. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Informed Investor Alliance, Making Life Easier, Orange County CA Foreclosures, Orange County Home Improvement, Orange County Real Estate, Orange County Short Sales, Orange County things to do | Tags: , , , |

10923534_364393790399627_1417328444113218007_nHave any plans for this Saturday March 28th? If not, come visit the OC Home Fair at Chapman University. Learn everything about everything on home-owning, buying/selling, investing and plenty more! The speakers are industry leaders and hand selected Рthe best of the best!  The event is designed to help normal people make the most of real estate, and Chapman graciously hosts it with our YPN group, The OC Register, and NeighborWorksOC every year for FREE!

Existing Homeowner Classes

For all you home owners out there, there are plenty of seminars that could help and educate you. Everyone wants to save money, right? “Go Green and Save Money” and “¬†Ways to Reduce Your Electric Bill” are a couple of seminar suggestions that will help save precious pennies! Would you like ¬†to be an “Automatic Millionaire Homeowner“?¬† It’s actually a really easy concept – you’re invited to come learn how.¬† Thinking about a loan mod? Loan Modifications Tips and Tricks is taught by a non-profit.¬† You’re welcome ūüėČ Then, it may be time to consider Moving On Up: Making a Smooth Transition.

Classes To Buy A Home

Loans can be confusing, so there are TONS of classes, FHA Loans and Changes: What You Should Know or How Interest Rates Affect Buying Power is also super important.

First time buyers, check out “Steps to Buy Your First Home” to know what to do. Need better credit first? Well.. there is a class for that too, Ways To Improve Your Credit Score. Foreclosures are always a bummer! But did you know there is¬†Life After Foreclosure and you can get back in the game? Closing costs can be scary but we have a class for that; Closing Costs: What Should I expect?. Want to know¬†The Escrow Process, What to Expect With Your Home Inspection, or How To Make The Most Of A Small Space?¬† Come find out!

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Learn How to Invest in Real Estate

Investing is always a good long term plan if done correctly. Find out Property Management: Do’s and Don’ts¬†and¬†Commercial Property Purchases: Do’s and Don’ts.¬† Staging Your Home for Top Dollar is totally important along with,¬†Deferring Capital Gains Taxes: 1031 Exchanges¬†and¬†Orange County Housing Market Report.¬† All of these sessions are custom tailored to teach you crucial things to know!

A huge thank you to the OC Register, YPN, Neighborworks OC  and Chapman University. They have all put hard work into promoting and supporting this annual event. Also a big thank you to all the speakers who take time out of their day to help educate the community on the important factors of everything Real Estate!

Now, Hurry and register for any class that interests you before all the seats fill up at www.OCHomeFair.com!!

Questions or comments?  Hashtags are #HomeownershipDay or #OCHomeFair.  See you Saturday 12-5pm!

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A Ferry Ride away from Paradise; Balboa Island

Posted on June 5, 2014. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate, Orange County things to do | Tags: , , , , , |

Balboa Island

Balboa Island

Balboa Island is a quaint and gorgeous place to live or visit and is located in the center of Newport Beach. The excitement begins with the five minute ferry ride to the Island. Along the way, you will get a sneak peak of some of the beautiful homes that line shore of Balboa Island.

Entertainment awaits you on Balboa where you can choose to relax while laying on the beach, go fishing off of the pier, rent a motor boat and enjoy a ride around the island, go on a whale watching adventure tour¬†or take pleasure in tasting some of the amazing dining selections offered throughout Balboa. A favorite hot spot among the locals is the Balboa Candy Store where everyone can enjoy a sweet treat! Throughout the year, many events are held on or around the island. Every Sunday morning, Balboa holds its Classic Car Show which is held during March-December. Come check out some¬† old beauties! ¬†For anyone who enjoys the arts, The Debra Huse Gallery offers guests to view and buy exquisite paintings. The gallery will be holding its seventh annual Just Plein Fun event where thirteen award winning artists will paint from sunrise to sunset throughout the week of July 28-August 2.This is a free event for people of all ages to enjoy!¬†On August 1st the Brush Off is being held from 4-6 where artists compete to capture Balboa Island’s beauty on canvas. Come join the festivities with the 21st Annual Celebrate Balboa Island Day!¬†On Sunday, June 1st starting at 11am the festivities will begin with the island parade followed by music, activities and much more! Balboa Island is the place to be on the 4th of July! From 1pm-5pm you watch the Old Glory Boat Parade which is one of California’s largest and well-established boat parade. You will see over 100 boats cruise through the Newport Beach harbor. Balboa Island offers an amazing view for the fireworks which take place at 9pm. ¬†Balboa Island is infamous for the annual Holiday Boat Parade. During the month of December, residents from the surrounding beach areas deck out their boats with lights, inflatable characters, banners and much more! People gather to watch as the spectacular boats ride around Balboa Island.

Balboa Island Real Estate

It is no wonder¬†why people decide to live on Balboa Island with all of the exciting events that take place year round. If you are interested in the real estate offered on Balboa Island, Angie Weeks has the experience and knowledge to help you find what you are looking for. Angie is one of Orange County’s top real estate agents and is guaranteed to make your search for a new home simple and enjoyable. Check out the available Balboa Island properties!

To learn more about the Balboa Island properties for sale, please call 877-230-3211 or you can tweet @AskAngieTeam and mention which address you are interested in.

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Newport Beach real estate – Balboa Peninsula homes for sale

Posted on April 23, 2014. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County things to do | Tags: , , , , |

Newport Beach real estate

Newport Beach real estate

Newport Beach real estate is booming with summer on the horizon.¬† Newport offers many interesting and unique homes – no cookie cutter here!¬† If you’re considering moving to the beach, Newport Peninsula offers excellent cuisine, watersports, beaches, piers, and people. The Balboa Fun Zone is located within the heart Newport Beach and¬†offers fun activities for¬†people of all ages to enjoy!¬†¬†The activities in Newport Beach are endless and include: paddleboarding, fishing on the pier, bicycle riding on the boardwalk, boat rentals, bon fires¬†or taking the ferry to enjoy a day on Balboa Island. Shops and fine dining are conveniently located throughout Newport Beach. Enjoy¬†taking a stroll through the¬†shops along the boardwalk, walking around Fashion Island exploring¬†surrounding¬†cities such as Corona del Mar and¬†Crystal Cove. Indulge in¬†an array of cuisine options, whether you like Sushi or Pizza, it is all available¬†in Newport Beach. Imagine all of the wonderful amenities that come with living in Newport Beach. Newport is the place to be!

Balboa Peninsula homes for sale

Find Balboa Peninsula homes for sale on our website at http://properties.askangie.com.  You can schedule a search here and new properties that hit the market will be emailed to you the day they become available.  Newport peninsula properties usually start just under 1M, and they go over and above 5M. Whether you are looking for a one bedroom or a place for the whole family, Newport Beach offers homes to accommodate any lifestyle. You are sure the find a home on the Balboa Peninsula that will catch your eye and is within your budget. We strive to find nothing but the best for our clients, which is why we pride ourselves in our ability to ensure that your wants and needs are met with professionalism and enthusiasm. Let us help you find that house that you have always wanted to call a home. Now is the time to take your dream of luxury living and make it a reality!

If you’d like to learn more about Balboa Peninsula properties for sale, simply call us toll free at 877-230-3211 or tweet @AskAngieTeam any address you are interested in.

 

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Tax Benefits For Home Owners – Make the Most of Orange County Real Estate

Posted on February 11, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Making Life Easier, Orange County Real Estate | Tags: , , |

As an Orange County Realtor, I can’t technically offer advice on taxes, but I always try to network and meet great tax professionals who can help our clients! Today I sat in on a great session by Irene Mack, CPA, and I wanted to share some notes and insight with you. Irene’s website is http://www.oc-cpa.com if you have any particular questions – she is always happy to talk taxes with you ūüôā

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Homeowner Tax Benefits

– Mortgage debt relief on up to 2 million loss ($1M if married / filing separate)

Will California extend our debt relief? The answer is still up in the air, but there is a bill on the table. This concerns many homeowners who are thinking about a short sale, so be sure to contact your legislators and let them know you want an extension!

Energy Tax Credits for Homeowners

– many have a $500 max lifetime credit
– some include on site installation costs, some don’t, so be sure to check
– must be on principal residence
– includes central air
– allows tankless water heaters
– solar
– geothermal
– energy star

California Short Sale Tax Benefits

Sb931 focuses on 1st Trust Deed, and ensures lien holders can’t come back to homeowners for deficiency judgement after the short sale.

Sb458 focuses on 2nd trust deeds, and this law came a little after sb931 to help homeowners steer clear of judgements from 2nd mortgages and HELOCs.

Equity Sale Tax Benefits

– No taxes on $500k profit for married couples
– No tax on $250k profit for single filers

Capital Gains Taxes

Will you be taxed if you sell for a profit? Yes, unless your profit is below the $500k/$250k mentioned above.

– Long term (1 year and one day+) is determined on your tax bracket
– It’s best to keep your home ‘long term’ when it comes to taxation

First Time Homebuyer Tax Credit

– 2008 credit – when your home is no longer your personal residence, the balance of repayment becomes due immediately instead of over 15 years, so be careful!

-2009-2010 credit – 36 months of primary residence is required, most of you are almost ready to move up with no penalties ūüėČ

Wow!! Taxes are confusing!!! Make sure to consider your tax benefits and / or penalties when you go to sell your home in Orange County. Irene’s number is 714-957-6936 if you’d like more info.

Remember The Weeks Team is here to help you navigate through tough real estate waters. Be sure to call 877-230-3211 or comment here if we can help you in any way!

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Rent verses Buy Orange County Houses

Posted on October 23, 2012. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , , |

Orange County houses and kids

Orange County houses and the effects of homeownership on kids

We recently read an interesting article by Tara Steele in AGbeat.com about the affects of homeownership on children.¬† Have you ever thought about how owning a home has influenced your kids?¬† Has it at all?¬† According to the article, children had lower dropout rates and lower teen birth rates if they lived in a home their parents owned.This research is consistent with Habitat for Humanity’s as well.¬† Habitat has been studying the effects of homeownership on kids for years.¬† Here are some great benefits they have discovered:

Compared to children of renters (of the same age, income, race, etc.), children of homeowners:

  • Are 25% more likely to graduate from high school
  • Are 116% more likely to graduate from college
  • Are 20% less likely to become teenage mothers
  • Have 9% higher math scores
  • Have 7% higher reading scores
  • Have 3% fewer behavior problems
  • Are 59% more likely to own a home within 10 years of moving from parent‚Äôs household
  • Save taxpayers an estimated $34,000 in public expenditures (i.e. the cost of juvenile delinquency, teenage pregnancy, etc.) that would have been spent had they remained in rented housing.

Why Bother with an Orange County House?

Well, do it for your kids!¬† And for yourself.¬† One of the things today’s article mentioned was the duration doesn’t matter: “The impact of homeownership is particularly important for households with short lengths of tenure.”¬† This is new insight as previous studies did not really consider short term effects of homeownership.¬† Many of our clients choose to rent because they are not sure how long a particular job will last, or if they will stay in California for years to come.¬† With our current market, it really doesn’t matter because rent vs own prices are very similiar.¬† As most already know, owning will have much greater financial benefits in the long run.¬† Now it looks like it also has greater benefits to the family as a whole!

What is owning a home teaching your children?¬† Consistenty?¬† Commitment?¬† Finances?¬† There are so many ways to set a good example to your children through homeownership.¬† Not that they couldn’t learn these things from a family who is renting, but as the article says, you have more “skin in the game” when you own a home.¬† No, owning an Orange County house won’t guarantee your child wins the spelling bee or gets a scholarship, but it does teach them some very valuable long term lessons.

If you would like to explore more about what homeownership could mean to you and your family, please register to search for Orange County houses on our http://properties.askangie.com website today, or call us toll free at 877-230-3211.

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Adult 55+ Communities – New Horizon’s Property in Torrance

Posted on March 5, 2012. Filed under: Making Life Easier, Senior Communities | Tags: , |

Know any seniors in Los Angeles who are looking to find good adult 55+ communities? Today we’re featuring our listing on 22919 Nadine Circle B in New Horizon‘s – its conveniently located right off Sepulveda and Maple in the city of Torrance.¬† New Horizon was built in 1963, and the community is perfect for the senior lifestyle!

New Horizon’s 55+ Community

Residents of New Horizons are friendly and upbeat seniors Рjust take a stroll around the grounds and see lots of smiling faces and inviting landscapes!  Neighbors take such pride in their homes Рcarefully upgrading the landscaping and patios outside of their condos with cheerful flowers and plants.

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If you didn’t see enough green on the grounds, you’ll surely find plenty on the 3 par golf course ajoining the neighborhood.¬† Residents can relax by golfing right there in the community.¬† The course is challenging but fun, and the best part is its barely ever crowded.

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Homeowners in New Horizon’s also get to enjoy a lovely clubhouse with lots of amenities.¬† Join the other residents for a game of cards, checkers, or a dip in the pool.¬† There is also a ballroom and billiard room – plenty of activities to keep busy!

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If you’re interested in the lifestyle New Horizon’s adult 55+ community offers, or our listing at 22919 Nadine Circle B – just give us a call – 877-230-3211.¬† We’d be happy to take you on a tour of all the active listings and amenities!

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