Orange County Real Estate

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 – 3pm 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 – Investing 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 – just sign up below.

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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 🙂

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 – but 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 – guaranteed 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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Mission Viejo Single Level Gem for sale

Posted on January 21, 2017. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , , , |

Mission Viejo is one of our favorite cities – super safe, great schools, shopping, & scenery! We’re happy to announce a new listing coming to the MLS soon for just $724,900. It’s single level, charmingly upgraded, and sits on an interior corner lot with RV parking.

The backyard is very private & provides a large covered patio with skylights & stone tile – perfect for a future California Room!  Boasting 4 beds, 2 spa-like baths, enormous eat-in kitchen, soaring ceilings, and oversize decorative tile – don’t miss out on this handsome home.

To schedule an earlybird showing for this classic beauty, just fill out the form below. More details and photos are available at http://www.24151ViaMadrugada.com

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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.

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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 |

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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 – 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 – 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: , , , , , |

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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 😊 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 🏡 😄 🌟

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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.

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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!

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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 🙂

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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Resort Living All Year Round in HB

Posted on March 3, 2016. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

Affordable Huntington Beach, CA Condo

IMG_1063Looking for your first place or a beach close investment property?  Look no further – 5096 Tortuga #104 is prefect for a college student, first time buyer, bachelor / bachelorette, snowbird, or even investor since there’s great rental potential! Located just over a mile from the beach, the possibilities of sun & fun are endless.

 

Cabo del Mar Community condos

IMG_1048With a long list of amenities that include a clubhouse, pool, spa, sauna, tennis courts, racquetball courts, gated parking, and a large greenbelt area that over looks the wetlands, Cabo del Mar lets you indulge. Plus being situated near shopping, restaurants, and dog beach offers such a convenient lifestyle. If you like nature, you’re just moments to the Bolsa Chica wetlands and the sand of Huntington’s world famous beaches. It’s easy to see why people flock to Huntington Beach!

Cabo Del Mar has parking galore, with underground subterranean parking spots for residents and street level parking for guests, you’ll always be sure to have close parking to your condo. Unlike most studios, 104 has an extra level of privacy / separation thanks to the plantation style shutters, ceiling added soundproofing, and quiet location in the complex. On cool beach nights sit IMG_1045in front of the cozy gas fireplace to warm up and relax.

5096 Tortuga is a must see, a solid investment priced at just $284,999 this unit won’t last long! To schedule a private viewing call us, The AskAngie Team at 949-338-7408, fill out the form below, or email us at Angie@AskAngie.com.

 

 

 

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Charming Homes in Palm Beach Park, San Clemente

Posted on February 26, 2016. Filed under: OC Property Profiles, Orange County Real Estate, Senior Communities | Tags: , , , , , , , , |

55+ Oasis with Private Beach

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Palm Beach Park Private Beach

Droves of seniors are settling in the seaside community of Palm Beach Park in San Clemente, CA – a manufactured home development with it’s own tranquil beach oasis. This quiet retirement community is the perfect place to slow down, unwind, and just be one with the sunsets and ocean. Residents are just across the street from an exclusive private beach that is almost 2 acres, and the best part is they don’t have to pay 2 million dollars to get whitewater views and a walk to the sand.

There are currently 10+ models to choose from, varying in size and price from 100-500K. Truly, there is a home for every senior in this San Clemente treasure. Some coaches are fully upgraded, and others you can add your own personal touches to make it your own beach oasis!

Unparalleled Senior Living

Palm Beach View 1

View of the Clubhouse and pool

Luxurious amenities at the clubhouse include a full kitchen and bar, a library, and a game room with shuffle board. Also offered is RV parking, a car wash on site, and the salt water pool that is heated all year round. On the privately owned beach you can enjoy the volleyball court, picnic tables, BBQ area, and the bonfire pits! Palm Beach Park is true retirement living with wonderful neighbors, amazing whitewater ocean views, and breathtaking sunsets!

“Walking down to the private beach and the different social events at the clubhouse are some of my favorite memories here at the park” JoAnn Cota, a homeowner, recently told us. “We love coming down from Buellton to visit the beach.” Another resident, Tom Mallett, states “The shimmering sunsets over Catalina Island are a true delight”.

The AskAngie Team has two listings, 407 and 401 Ebb Tide Drive currently available for showings. Another listing on Bay will be hitting the market soon.

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Sparkling Ocean View from 407 Ebb Tide

Stop by and check out what Palm Beach Park has to offer on Sunday, March 6th from 12-3PM. Multiple homes will have open houses – you can tour many homes in one day and find the right fit for you!

Please join us on Sunday, March 6 from 12-3PM if you have any questions or would like a personal tour feel free to call us on our toll free number at 877-230-3211 or email us at Angie@AskAngie.com.We look forward to seeing you by the ocean!!

Photo credit: Antis Orange County Photography

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Orange County Real Estate Forecast for 2016

Posted on February 9, 2016. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Orange County Real Estate | Tags: , , , , |

Had a great afternoon today listening to expert Gary Watt’s predictions for OC’s real estate market this year. Last year, we had a modest appreciation of 4.8%. Real people scenario: If you own a 500K condo, it’s now worth 524K 🙂 What’s in store for this year?

OC Inventory Predictions

real estate forecastInventory should stay around 6500 homes, and appreciation is expected to be 2-3%. If our inventory goes up to 7500 homes, then we’ll have flat appreciation. If everyone freaks out because the election candidates suck and list their home, then a negative 2% is expected (if inventory rises over 7500).

New home sales should continue to decline (they were down last year), and high end and single family homes should decline. Not in overall price, just in volume, mostly due to affordability.

Rates aren’t expected to go much above 4%. Historically, the Feds have always lowered interest rates in an election year, and this year it’s different…so we have to see if that affects our market.

Buyer Trends in Orange County

First time buyers are 28% of our market, the main reason it’s lower than the rest of the country is affordability. Qualifying for homes is stricter, which is also a factor. And let’s not forget about student debt.

As a nation, the average is 63.7% for homeownership. Only 49.1% of Orange County residents are homeowners; our county is one of the hardest to buy in.

What about the younger buyers? 20% of Millennials are currently homeowners, but we’re seeing a commitment issue with about 10%, who don’t even have ‘buying a home’ on their radar.

Chinese & foreign buyers are still a force to be reckoned with. They like to spend their cash here.

OC Rental Activity

Our rental market is on fire, and will continue to be. The rental gap is about $1000/mo. Many residents are taking a short term mindset of saving the extra monthly spend instead of a long term equity building mindset. There are also many who are still rebuilding credit from foreclosure or short sale, who will remain renting until affordability and credit scores increase.

Overall, we should have another good year in 2016, as long as we don’t get an El Nino of inventory! If you are considering listing your home, the sooner the better, because our busy season starts to slow after May. Call or text Angie at 949-338-7408 to have our team crunch numbers and get a spreadsheet of your potential profit!

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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 🙂 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 🙂 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 🙂 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! 🙂

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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Experienced Developer Seeking Investors for Immediate Opportunity

Posted on October 9, 2015. Filed under: Informed Investor Alliance, Orange County Real Estate, Senior Communities | Tags: , , , , , |

Investment Property Opportunities in CA

Orlando Lutheran Towers, located in Orlando FL is just one of many projects completed by this developer.

Attention Investors:

We’re working with an experienced developer of over 30 years on multiple projects. He’s originally from the east coast, and is expanding his successful ideas west. He’s seeking investors here, and asked us to reach out to our sphere! You can meet him in person to ask questions & find our more details on Oct 20th, 2015, 1-2pm at our office in Corona del Mar.

If you’d like to partner on investment property, read on for specifics.. maybe this equity partner opportunity is for you.

Each Project will require approximately $500,000 investor funds to launch. Don’t worry, you don’t have to plunk ALL that down, a group of 10 investors paying $50K each is also fine.

Preliminary Equity Partner Participation:

  • Separate LLC’s will be formed to procure entitlements;
  • This entitlement process will be undertaken by our developer who has completed over 20 similar projects. Expected turnaround is 3 – 9 months depending on local circumstances and planning requirements. Note: We have independent specialist contractors lined up to perform these services and obtain final approvals.
  • Equity Partners will receive an Annual Return of 18 % secured by a promissory note.
  • Equity Partners will be repaid in full at construction loan take-down
  • Final Project Equity Entitlements (Equity Kicker) will be 5%

Development Details:

  1. Types of Projects which we are developing are:
    • senior independent living
    • senior assisted living
    • memory care and congregate housing; each project managed by experienced successful licensed care provider to run the operations. See Items 8-10.
  2. Locations: Central to Southern California; we have pre-selected two locations: San Clemente and Mission Hills (Palm Dessert); with a potential #3 is in Santa Barbara.
  3. Project size:  150- 300 revenue Units
  4. Costs to build and furnish (excluding land) 25-30  million;
    When turn-keyed and 70% occupied value multiplier is estimated to be 1.2 : For example: when our project million completed and occupied  at 30,000,000 = 30m X 1.2 yields project value of $ 36 m to be purchased by REIT/ or other cash buyers within 1 year or less. (Some projects may be held longer if investors choose)
  5. Three Money Sources will underwrite these loan guarantee programs after equity partnerships are formed.
  6. Project’s ROI: 20- 25 % annually
  7. All projects are Green (electricity, materials, smart utilities)  and create up to 30% Investment tax credits and sheltered ongoing income which a portion will be available to the equity investors.
  8. Each project’s care operations will be contracted to a premier California Licensed Care Provider  (LCP)
  9. Our private company, Banyan Care Group Inc (as the 20% GP with our 80% Limited Partners) will develop & provide the AAA facility for the LCP to run.
  10. The LCP contractually will provide resident management & services, controlled operating costs, and guaranteed revenues.
Invest in assisted living communities CA

St Marks Village, an assisted living community in Florida was also a project of this developer.

Want to RSVP for our investor information session on Tues, Oct 20th at 1pm? Call or text Angie Weeks at (949) 338-7408 to secure your spot, or fill out the form below:

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Great Townhouse Deal in Anaheim Hills – Just Listed!

Posted on May 19, 2015. Filed under: First Time Buyer help, Informed Investor Alliance, Orange County Real Estate | Tags: , , , , |

Summit Park in Yorba Linda

Summit Park in Anaheim Hills

866 South Yellowstone Anaheim Hills, CA 92808

New to the market in the heart of Anaheim Hills is a beautiful townhouse in the Summit Park community. Anaheim Hills is located just south of Yorba Linda, California, opposite the 91 freeway at Imperial Highway.

Priced BELOW recent comps at $399,900, this 1,113 square feet condo includes 2 spacious master bedrooms and a half bath downstairs for guests. With hardwood floors and a fireplace in the living room, it sure makes it cozy. Looking for convenience? A two car direct access garage is also included. Want privacy? You’re also in a very secluded location in the complex, with no one above or below!

The Summit Park community has plenty of amenities. Come take a dip in the pristine community pool or relax in the spa. Also includes a playground for the children and an exercise room!

High ceilings, distressed hardwood floors, slider to your patio or California Room!

Relax by the fire or enjoy your private patio!

Summit Park is close to shopping, freeways, and plenty of fun things to do on the weekends. Nearby is a nature center where you can hike and have fun. Looking for something different and interesting to do?  Try sleeping outside in an amphitheater under the stars! And don’t forget to check out all the fabulous places to eat at Savvi Ranch!

Private patio in a low traffic area with high fences

Pets? Check out the large patio & high fence!

Don’t miss out on this great townhouse, it’s going to sell fast! Come to the open house this Saturday May 23rd. Please email or give us a call with any questions or to set up a private showing.  877-230-3211; angie@askangie.com. Look forward to seeing you this Saturday!!

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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 – the 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 😉 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!

ochfgraphic

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’tsStaging 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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Balboa Peninsula, Newport Beach – Best Deals on Property Duplexes

Posted on October 3, 2014. Filed under: Balboa's Best Property Deals, First Time Buyer help, Informed Investor Alliance, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

Balboa Peninsula views

Standing at the end of the Balboa Pier, a Newport Beach coastline pic.

Gorgeous Newport Beach, CA – an ideal retirement and vacation spot for so many.  Balboa Peninsula is seeing lots of changes this year – a new marina going in, lots of new restaurants and shops, multiple properties adding 2nd and 3rd stories – the area is truly in a ‘build up’ phase similiar to what we saw with Huntington Beach 10-15 years ago.For many, the “Newport” lifestyle is far out of reach.  Currently there is only ONE lonely condo on Balboa Peninsula under 1 million dollars, and it’s HOA is almost $800/mo – OUCH!  Is there anything affordable?  Are there any opportunities?  There sure are.  Lots of times with the higher end areas, buyers will opt for a multi-unit property as a stepping stone to get up to their McMansion.  They live in one unit, and rent out the other(s) so that the mortgage becomes affordable.  Many property owners keep the multi-unit forever, because rental rates on the peninsula can be insane.  Newport Beach vacation rents range from $150-1000 per NIGHT, so you can see the potential a second unit could have on your mortgage payment!  If you don’t like the vacation rental crowd, you can still rent on a 6 month or 1 year lease for a minimum of $2000/mo, even if the unit is the size of a closet without a garage or parking.  Ya, Newport Beach CA is that expensive and exclusive.

Here are the 3 best property duplex deals on Balboa Peninsula right now:

1.  Balboa Peninsula Duplex - Balboa's Best property deals211 34th St, Newport Beach CA 92663

$1,378,000

2 BR/1 BATH Lower unit
2 BR/1 BATH upper unit
1,900 sq ft
2,666 lot size

Situated in the bustling area of the peninsula, this duplex is walking distance to shops, beach, harbor, nightlife, and a ton of restaurants.  It is only one block to the sand.

 

Balboa Peninsula, CA property deals2.  417 Harding ST , Newport Beach 92661

$1,295,000

2 BR/1 BATH Front unit
2 BR/1 BATH Rear unit
2,119 sq ft
2,178 lot size

Harding is a quiet, interior peninsula street (rare!) walking distance to the Balboa Ferry, Fun Zone, harbor, beach, shops, bars, Sunday Classic Car show, Catalina Flyer and Balboa Pier.  Such an ideal location.  A tear down recently sold a couple doors down for about the same price.. so this property also offers big opportunity.

 

3.  Newport Beach duplexes1627 W Balboa BL , Newport Beach 92663

$1,495,000

2 BR/2 BATH unit
3 BR/3 BATH unit
2118 sq ft
2563 lot size

The only available peninsula duplex that offers units with more than 1 bath, this cottage style property is on the ocean side of Balboa Blvd with bigger units than the first two options.  It’s the closest listing to the new marina under development, and it’s still close to the Newport Pier, harbor, shops, restaurants and nightlife.

Balboa’s Best Deals

If you’re interested in more properties in Newport Beach, or Balboa Island’s best deals, just give us a call toll free at 877-230-3211, or tweet @AngieWeeks or @AskAngieTeam with your questions so we can get details.  You can also register your own property search through our website at:  http://properties.askangie.com

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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