Four Tips for Serious Real Estate Investors

Posted on April 15, 2011. Filed under: First Time Buyer help, Informed Investor Alliance, Orange County Real Estate | Tags: , |

For success in today’s marketplace, a Real Estate investor definitely needs a realistic strategy and set of expectations.  Before you plunk down your hard earned money on an Orange County property, you’ve got to cut through all the debris and determined exactly what IS a good deal, who gets them, and how.  From my experience, investors should adhere to the following guidelines to maximize their chances of success.

1. Determine how much you want to spend.
2. Determine your intention.  Is the property you’re eyeballing a portfolio piece, or buy & flip?
3. Know how to recognize a good deal.  Once you’ve pinpointed market value and neighborhood, grabbing a property at 10% below market value is a DEAL.
4. Get the REAL numbers. How much are expenses, upgrades, commissions, rents, etc.?

I had the good fortune of interviewing John, a full time courthouse steps investor. According to him, a profit of 10-15% on the courthouse steps is good.  Remember, you make your $$ not on a per deal basis, but by how fast you move the property or turn your money.

John added that many investors are going for condos that are un-financeable. Why? Because the less people can buy, the more the value drops. Good ol’ supply and demand at work. Many investors are buying to hold for 5-10 yrs, hoping the hoa recovers, and the property significantly appreciates. And while we’re on the topic of condos, investors should have a good long look at those located in college towns.  Since these properties are a short walk to the local campus, they have a built-in appeal.

Need a spreadsheet to help with your numbers!?  Just call, tweet, or email me! I’ve got just what you need. And, of course, if you have any questions about buying or selling Orange County homes, I’ll be delighted to help. You can connect with me at 949.338.7408 or  angie@askangie.com,  @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( None so far )

Abundant Opportunities in the Mission Viejo Real Estate Market

Posted on January 15, 2011. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , , |

You say you want to buy a home at a fantastic price in a fantastic community? Then it’s time you discovered the wealth of opportunities Mission Viejo Real Estate has to offer.

Mission Viejo is a community of dreams.  A suburban jewel that has been voted one of the top cities in the United States.  Low crime, high quality of life, outstanding school system, and friendly people are just some of the highlights of this thriving community.

Now if that alone isn’t enough to lure you in for a closer look, consider the choice of excellent homes you’ll discover here.  We’re talking great layouts, generous square footage, and spacious lots. Plus many of these homes offer breathtaking views of surrounding hillsides, mountains, and cityscapes.

Mission Viejo owes a great deal of its inherent appeal to the character of its communities. All of them are united by a common excellence, yet each stands alone with its own personality. Among these standout communities are the La Paz Tract, which was completed in 1970 and consists of 1263 detached homes; the El Dorado Tract, population 62, 000; and the popular Cortez Tract.

And those are just a few of the outstanding communities that make Mission Viejo a place like no other. If you’d like to learn more about any of the city’s upscale communities and the abundant opportunities in the Mission Viejo Real Estate market, I’ll be delighted to help.  You can connect with me at 949.338.7408 or  angie@askangie.com,  @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( None so far )

It’s Buy Time in the Orange County Real Estate Market

Posted on January 14, 2011. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

Well, the New Year is underway, and many of us are probably looking back at ‘2010, going over all the plusses and minuses. Hopefully, there are more plusses in your corner. At any rate, before more of ‘011 slips by, it’s definitely a good time to take stock of things, re-assess our goals, and hopefully set some new ones. If you’re like most people, one of those goals will be beefing up your financial portfolio. 

Right now, Real Estate offers more opportunity than ever to help you meet this objective. Yes, we’re definitely in a buyer’s market. Why do I make such a claim? Two basic reasons:

  • Fantastic Inventory – The market is swelling with homes. So the choices abound, and the prices remain low.
  • Interest Rates Are at a Historic Low – Seize the opportunities before rates start heading north.

The upshot?  Bargains galore.

So if you’re looking for a property, this Realtor has to recommend BUY.

On the other hand, if you intend to sell, I’m recommending you hold off until the pendulum begins swinging in the other direction.

Well, that’s it in a nutshell. If you’d like to learn more about opportunities in the Orange County Real Estate market, I’ll be delighted to help.  You can connect with me at 949.338.7408 or  angie@askangie.com,  @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( None so far )

11 Great Reasons to Buy an Orange County Home in 2011

Posted on January 1, 2011. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

A New Year means new opportunities. And one place you’ll discover opportunities galore is in the Real Estate market. It’s true. I did some poking around and came up a whole slew of great reasons to buy an Orange County home in 2011.  Here’s 11 for 11 —

  1. Low Interest Rates – Right now they’re at historic lows. But don’t expect them to linger in the basement forever. The time to act is NOW.  Be sure to consult a certified mortgage planner for details.
  2. Real Estate is a Great Long-Term Investment – Stocks may rise and fall, but you can pretty much count on the home you buy to appreciate in the long term. There’s plenty of historic precedent for this phenomenon. So get in while the gettin’s good.   
  3. Motivated Sellers – They’re out there in droves. And they want out of their houses quick-like. And you thought after-holiday sales were the only bargains.
  4. Avoid High Rents After Retirement – Better to own a home than owe a landlord.
  5. OC Boasts Three of the Safest Cities in the U.S. And if that isn’t enough, you can add the county’s award-winning schools, beautiful open spaces, great shopping and entertainment, and a well-earned reputation as a hub of high technology.
  6. You now can buy a Newport Beach mansion for under 40 Million dollars. At minimum, you can nab a $17 million reduction from the original asking price! Got a few extra million greenbacks to plunk down on a home?
  7. Your neighbor could be one of the ‘Real Housewives of Orange County’. By merely borrowing a cup of sugar, you could wind up with a guest spot on the show. Sugar-borrower today, reality TV star tomorrow!  
  8. Orange County is unlike any place else in our solar system. What makes us so gosh darn special? Let’s start with a diversity of industries that keep the county’s economy and per capita income growing stronger every day.  Orange County also boasts a bounty of blue ribbon schools, fantastic year-round climate, and a delightfully friendly environment. The cheery OC picture is rounded out by scenic mountains, nature-carved canyons, and 40 miles of spectacular ocean frontage.
  9. Great shopping for every mood, taste, and budget.  Fashion Island, The District, and Irvine Spectrum are among the county’s numerous first-class shopping destinations.  Where else in the country can you take your family AND poodle to dine and shop in the middle of winter?
  10. Great Benefits for Newlyweds – Tell family and friends you’re saving for your first home! Various loan options allow you to put only a very small amount down on your dream home. Even better, the source of the funding can be ‘gift money’. Wouldn’t you rather use this dough for a down payment than for the acquisition of imported tea cups that will just linger unused in a crowded cupboard. Plus you won’t be throwing cash away into that abyss known as apartment rent.
  11. The Weeks Team – As Orange County Real Estate specialists, we’re available for ALL your housing needs!  The Weeks Team offers you customized home searches and the VERY BEST in customer service and satisfaction.  Let’s work together to get you and your family into an Orange County dream home!

If you’d like to learn more about finding the ideal Orange County home, I’ll be delighted to help. You can connect with me at 949.338.7408,   angie@askangie.com,   @AngieWeeks or @WeeksTeam.

Have a Happy and Prosperous New Year!

Read Full Post | Make a Comment ( None so far )

Not Quite a Million and One Reasons to Luv Laguna Niguel

Posted on December 12, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

Just a few miles inland from the beach with the same first name, Laguna Niguel definitely is one of the best places to hang your hat in Orange County. There are about a million and one things this upscale community can offer anyone seeking a blend of suburban sophistication and laid-back charm. Due to space limitations, however, only some of the highlights will be mentioned here. Here are a few of the biggies –

  • Lots of Sol – Cathin’ a few rays is easy in the land where So Cal sunshine pours down the year round.
  • Friendly Folk – There’s only one thing warmer than Laguna Niguel sunshine — the community’s residents.
  • Close to All  – Laguna Niguel is just a pebble’s throw from the oceanfront thrills of Laguna Beach. The community also is conveniently close to OC’s leading business centers, major shopping centers such as South Coast Plaza and Fashion Island, hundreds of world class restaurants, and charming Dana Point harbor.
  • Outstanding School System – Laguna Niguel schools are among the nation’s most highly rated. Schools here have racked up reading test scores 51% higher than the national average, while math scores stand 27.4 % above the average.
  • Low Crime Rate – The Laguna Niguel crime rate is considerably lower than both the national and California averages.
  • Spectacular Views – Greenbelts abound, creating picturesque vistas in every direction.
  • Activities for All – From world class golf courses and tennis courts to acres of lush green parks, Laguna Niguel offers something for everyone who realizes there’s more to life than video games.

Laguna Niguel’s appeal has even caught the attention of the media. Among the community’s many distinctions is being named (yet again) one of Money Magazine’s best places to live.

Can you see yourself in this amazing community? If you’d like to learn more about finding the ideal home in Laguna Niguel, I’ll be delighted to help. You can connect with me at 949.338.7408,   angie@askangie.com,   @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( 2 so far )

A Mission Viejo Real Estate Treasure

Posted on November 9, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

Anybody who’s ever set foot in Mission Viejo knows there’s a lot to like about this city. No doubt one of the reasons for such widespread appeal is the Cortez communityYou’ve just got to see it to believe it – acres and acres of very well-maintained, 1 and 2 story homes tucked away in the lush rolling hills of south MV.

It’s all here, including –

Cortez offers you ten distinctive floor plans to choose from. And here’s the really amazing part — there are NO tract HOA’s to pay. There’s only one fee bundled with the privilege of kicking up your heels in this jewel of a neighborhood — $120 yearly for the MV lake association.

Right now, buyers will discover bargains aplenty waiting for them in this prime slice of Orange County Real Estate. But like anything this good, it won’t last forever. That’s why it’s a good idea take advantage of the Cortez opportunities now.

If you’d like to learn more about living the ultimate dream in this vibrant Mission Viejo community, I’m ready to help. You can connect with me at 949.338.7408,  angie@askangie.com,   @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( 1 so far )

Mission Viejo Real Estate Strengthened By High Inventories

Posted on October 31, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

Mission Viejo always has had a lot to offer. From blue ribbon schools to bustling businesses to special events, this prime destination community has plenty of everything for everyone. And right now what Mission Viejo has in especially great abundance is homes. In fact, home inventories are at an all time high in this community. Right now there are 550 beautiful homes for sale in the city. We’re talking the full range of choices – from 115K condos all the way up to 3.5 million lakefront estates.

The picture gets even brighter when you consider that mortgage rates are at an all-time low. So what we’ve got is high inventory and low interest rates.  In other words, we’re looking at a very obvious buyer’s market. And that means major deals.

Of course, something this good won’t last forever. That’s why it’s a good idea take advantage of the Mission Viejo Real Estate opportunities now. Just take a look at the fantastic inventory of homes that’s available to you.

And if you’d like to learn more, I’d be delighted to help. You can connect with me at 949.338.7408,  angie@askangie.com,  @AngieWeeks or @WeeksTeam.

Read Full Post | Make a Comment ( None so far )

Exciting Option for Luxury Living in Orange County

Posted on September 30, 2010. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , |

Got a penchant for luxury living in Orange County? If so, you need to know about Astoria at Central Park West, located in the heart of Irvine’s bustling business district. Incredibly priced, this upscale condominium community is conveniently close to a wide variety of prime shopping and entertainment destinations such as the Orange County Performing Arts Center, Irvine Spectrum, Fashion Island, South Coast Plaza, and countless others. 

What about amenities? Astoria has every kind imaginable, and then some. We’re talking secured wine vault and private tasting room, concierge service, a lobby fit for royalty, and a professionally designed and decorated community room. Plus, as an Astoria resident, you’ll get to indulge in the full array of Central Park West benefits.

By the way, Central Park West will be the location of our YPN Realtor Tour on Oct 27th at 5pm. If you’re interested, be sure to contact me to set up a tour of the clubhouse and the community or simply to learn more about Luxury Living in Orange County, Astoria-style. You can reach out to me at at 949.338.7408, angie@askangie.com,  @AngieWeeks or @WeeksTeam.  Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

New Incentive Brightens Picture for Orange County Homebuyers

Posted on September 30, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

More good news for Orange County homebuyers.  Fannie Mae has a new seller assistance incentive for Fannie Mae-owned properties listed on the company’s REO website, HomePath.

What’s it all mean for those of you in the market for a home? Just this. If you’re a qualified buyer, you could receive up to 3.5 percent of the home’s final sales price.  

This extra cash may be redirected into closing cost assistance, including any available home warranty. That’s a hefty chunk of change pouring right back into your pockets, folks. Of course, you’ve got to qualify for this wonderful offer. Here are the conditions in no particular order —

  • Initial offers must be accepted on or after September 23, 2010.
  • Property sales must close on or before December 31, 2010, with the closing to take place within 60 days of offer acceptance.
  • Buyers must be owner-occupants and confirm that the property will be their primary residence by completing a certification form (investors are excluded).

For more information about the incentive, visit HomePath.  And, of course, I’m always on board to help. Feel free to call, text, email, or tweet me.  I can be reached at 949.338.7408, angie@askangie.com,  @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

Homebuyer Advice on Purchasing an Orange County Relocation Home

Posted on September 28, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

I recently closed a sale on a fantastic Orange County relocation home, which in this case happened to be a flip. To my delight, the buyer was extremely pleased with both the house and the service provided by yours truly. Always plenty of decisions to be made when making a home purchase; even more so when jumping to an entirely new locale.

Great feeling knowing I could make it a smooth transition. Then I figured, hey, the buyer would want to do likewise for other people purchasing an Orange County relocation home. So I asked what they would advise folks in this situation. Here’s what they had to say on several key topics –

  • Online Searches – Great for info gathering, but don’t rely solely on photos. Many times they can present a picture that’s much prettier than the reality. A lot can be masked by touch-ups, the right angle, etc. It’s very important to visit the actual home before you fall in love.
  • Working With a Relocation Company — It’s your right as a home buyer to know what’s going on. So keep after them to make sure they’re following through with everything they’re supposed to be doing.
  • Buying a Flip — Confidence is the main factor here. Most flips feature recent improvements, so there’s a major reason to feel good about them. Overall, you want to make sure you’re completely confident you’re getting the right house at the right price.

Good advice. All of it. If you’d like to learn more about purchasing an Orange County relocation home, I’m ready to help. Feel free to call, text, email, or tweet me.  I can be reached at 949.338.7408, angie@askangie.com,  @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

Mission Viejo Home Great Deal For Orange County Homebuyers

Posted on August 20, 2010. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , |

Mission Viejo Property Gets ‘A’ for Amazing

Hey, folks. An amazing Mission Viejo home has just hit the market. Why all the excitement? Because this ready-to-occupy, turnkey property has it all. And then some.   

First of all, this adorable tri-level home is located in one of the most desirable cities in the world – sunny Mission Viejo. We’re talking an upscale community with family appeal, offering the best in schools, parks, recreation, and culture. And, of course, there’s wonderful Lake Mission Viejo. Located at 26285 Golada, this home is a stone’s throw from all the fishing, boating, swimming, outdoor concerts, and sun bathing the lake has to offer.  Unbelievably, this got-it-all property is offered at just $589,000.

This choice property also offers:

  • New windows, plantation shutters, granite kitchen counters – all in an ideal and spacious floor plan!
  • Quiet Street – Bask in the sweet fragrance of garden roses as you arrive home, and indulge your green thumb in the vegetable garden gracing the beautifully manicured back yard.
  • Close Proximity to Freeway – Just five minutes away. Long commutes will be ancient history.
  • And endless residential bliss!

If you would like to experience this amazing Mission Viejo home for yourself or simply learn more about everything the property has to offer, I’ll be happy to help. Feel free to call, text, email, or tweet me.  I can be reached at 949.338.7408, angie@askangie.com,  @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

How Short Sales and Foreclosures Can Affect You

Posted on August 12, 2010. Filed under: First Time Buyer help, Lenders & Loan info, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , |

It’s the law of the universe. Every action triggers a reaction. And this law certainly comes into play in the world of foreclosures and short sales. If you’re an Orange County homeowner who’s gonna go through with one or the other, it’s best to know what’s in store for you when the dust settles.

Derek Beisner, a certified mortgage specialist with New American Funding, cites the following as among the most important potential affects of a short sale or foreclosure action. Derek points out that guidelines in this area are always subject to change. But as of this posting, these are some possibilities consumers definitely should be aware of.

  • With a short sale, the lending institution has the legal right to 1099 the seller for the difference between what the house sold for and what was owed on the property. Bear in mind that this has been changed to a non-taxable 1099 for the years 2010 to 2012.
  • In a foreclosure situation, a buyer must wait 3 years from the foreclosure date to get an FHA loan. Securing ownership of a property also will require a minimum credit score of 620 and a letter of explanation documenting the reason for foreclosure.

As with any other important undertaking, it’s best to get the input of an expert before plunging into a short-sale. Derek advises speaking to a CPA or Real Estate attorney well in advance of taking action.

After all the foreclosure or short sale dust settles, your credit definitely will need some major repair work. The good news is that credit repair is very do-able. Derek recommends three fundamental steps:

  • Establish new credit.
  • Know your credit score.
  • Consult a credit repair specialist to get things back on track.

If you would like to learn more about Orange County short sales and foreclosures, Derek will be delighted to help. You can reach him 949-637-9939 or derek@derekbeisner.com.

Read Full Post | Make a Comment ( None so far )

Orange County Foreclosure Help – TEN Dimensions Team

Posted on August 11, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , |

Pull Yourself Out of Foreclosure Chaos

The prospect of foreclosure typically whips up a whirlpool of financial and emotional woes for homeowners facing this very stressful scenario. More often than not, folks caught in the swirl of foreclosure chaos feel overwhelmed, out of control, and hopelessly trapped.  

Fortunately, we at Weeks Team understand the excruciating trials and tribulations that those confronting the foreclosure beast experience. That’s why we’ve put together a powerful team of Orange County short sale specialists who can help you pull yourself out of foreclosure chaos. As you’ll see, each member of this carefully-selected team is an expert in his or her particular field. As such, they have the knowledge and skill to guide you to your best course of action, whether that means bankruptcy, loan consolidation, or short selling your home.

Orange County’s Premier Foreclosure Help Team:


Cindy Logan – Short Sale Investor
949-433-7187
www.reinvestorsolutions.com/clogan/
Cindy@Investthebestway.com

Shaun Smith – Foreclosure Delay Specialist
Phone: 949-241-0218
Fax: 866-798-4192
www.mortgagecrisisremedies.com
shaun@mortgagecrisisremedies.com

John Harris – Debt Settlement
Phone: 949-202-7305
Fax: 949-270-7557
www.usdebteliminators.com
john@usdebteliminators.com

Mike Langle – Title, Liens, and Related Issues
Phone: 949-300-5373
www.Title365.com
Mike@Langgle.com

Steve Fink – Real Estate Attorney
Phone: 949- 637-0871
www.falawyers.com
sfink@falawyers.com

The Weeks Team is Ready to Help

If you or somebody you know is struggling with a mortgage or with house payments, call the Weeks Team at 888-281-7665 x2. We’ll be happy to direct you to the right TEN Dimensions team member who can provide a speedy solution to and welcome relief from your foreclosure woes. Or if you would like to receive our package of resources, feel free to email us your address or that of a friend or family member who can benefit from our services. We look forward to helping in any way we can.

Read Full Post | Make a Comment ( None so far )

Liven Up Your Living Space With a Special Home Improvement Loan

Posted on July 28, 2010. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Making Life Easier, Orange County Real Estate | Tags: , , |

OK, I’ve told all you Orange County homebuyers, sellers, and agents about this fantastic home improvement loan before. Now you get a sneak peek of what’s possible.  But first, a recap – –

Right now you can take advantage of a Home Improvement Loan program that combines the sale price of a home and the cost of home improvement into one convenient loan.

These are the basics:

  • Basic Explanation:  the Home Sales Price plus all clients’ home improvements get wrapped into one, low fixed rate loan!
  • Loan Limits = same as FHA County Limit  (1 Units: $729K in Orange & LA County, $500K in Riverside.  2-4 Units higher)
  • Low Down Payment – only 3.5% required!  (plus normal closing costs carried by seller or buyer)
  • Possible Renovations to home include:  (Remodeled rooms such as kitchens, bathrooms, etc.  Additions, alterations, or structural changes to home.  Repair or replace plumbing, heating, air, roof, foundations, etc!)
  • Also available for Refinances
  • [Gov’t Insured Loan, 1-4 Unit SFR (no condos), 620 Min FICO]

Cori Hillis of Best Rate Financial has helped many individuals secure one of these dream loans.  With his assistance, great things like this happen:

BEFORE HOME IMPROVEMENT LOAN                                     AFTER HOME IMPROVEMENT LOAN

You can liven up that special living place, too. Learn more about how this new loan program can make your Orange County dream home happen. Or get started with a quick pre-approval.  Just contact Cory Hillis at 888-299-4484 or cory@bestratefinancial.com . He’ll be more than happy to assist you.

Read Full Post | Make a Comment ( None so far )

Living it Up Lake Mission Viejo Style

Posted on July 16, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

If you’re looking for one of the ideal places to live in Orange County, you don’t need to search any further than one of the Lake Mission Viejo communities.

One major reason is the proximity to the lake itself.  Living in this idyllic area means you’re only a walk away from the full range of fun activities the Lake offers.  This includes swimming, boating, fishing, picnicking, and just plain splashing up a great time.

Two well-maintained beaches add to the allure of the lake. North Beach features a large stretch of sandy splendor, volleyball courts, and a clubhouse perfect for renting out for special events.  East Beach is smaller but just as inviting. Along with all the other great activities,  it offers bold adventurers kayaks as well as pedal boats for rent.  There also are a number of smaller private beaches for those seeking a bit of blissful seclusion. Remember, access to the lake is restricted to residents or their guests. Another great reason for hanging your hat here.

The lake communities offer almost as much as the lake itself. Spectacular views of both the lake and surrounding mountains, a safe living environment, and proximity to an array of fine restaurants and stores make this resort-like vicinity irresistible. Among the popular lakeside communities are Mallorca, Finisterra, San Marino, Tres Vistas, and Madrid Del Lago , each with a charm and character all it’s own.

If you’d like to learn more about living in high style in one of the  Lake Mission Viejo communities, I’m ready to help.  You can reach me at 949.338.7408 or angie@askangie.com. And be sure to follow me @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

More Good Tax News For Orange County Home Buyers

Posted on July 9, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

The Weeks Team has great news they recently received from a local tax specialist – home buyers DON’T have to wait until next year to get their tax credit! In fact, qualified buyers can get a check this year. All they need to do is amend last year’s Federal tax return.

Patricia Yeckel, an Enrolled Agent with Canyon Tax and Bookkeeping in Rancho Santa Margarita, offers this helpful information for anyone wishing to learn more about this very generous credit:

  • Any first-time homebuyers who entered into a binding contract to purchase a principal residence by April 30, 2010 and have or will be closing escrow before October 1, 2010, may be eligible for a tax credit up to $8000.
  • There is a limit on purchase price of home: no credit available if home price exceeds $800,000.
  • Long-time resident of same principal residence may qualify for reduced homebuyer credit up to $6,500 if taxpayer has lived in same home as principal residence for 5 out of last 8 years; new home purchased must be between 11/7/09 and 4/30/10.
  • Credit phases out at Adjusted Gross Income in year of purchase between $125,000 and $145,000 for single taxpayers; $225,000 and $245,000 for married filing joint.
  • Final settlement statement must be attached to correct form and to tax return.
  • Credit may be claimed on the 2010 tax return filed after January, 2011 OR ON 2009 AMENDED RETURN FILED AS SOON AS ESCROW CLOSES IN 2010.  THIS IS THE BEST NEWS OF ALL!!!

If you’re ready to get your tax credit or simply want to know more about this exciting benefit, Patricia will be delighted to help. You can contact her at Canyon Tax and Bookkeeping (949) 888.2829 or pyeckel@canyontax.com.


Read Full Post | Make a Comment ( None so far )

Bring Your Orange County Home to Life the Easy Way

Posted on July 5, 2010. Filed under: First Time Buyer help, Home Improvement Ideas, Home Seller Tips, Making Life Easier, Orange County Real Estate | Tags: , |

So Long Ho-Hum Home

Whether you’re buying, selling, or staying put in your amazing Orange County home, one thing’s for sure – you want it looking its best, inside and out.  Alright, before visions of major makeovers start dancing in your heads, know something right from the start – no major action is required.  In fact, taking your residence from ho-hum to ooh-wow! is simply a matter of following a few basic steps.

Alisa Moffet, home staging, designing, and color specialist with Domani Designs, offers these insider tips and tricks guaranteed to work wonders for that place you call home sweet home.

  1. Remove all family photos.
  2. Add simple, single-panel drapery to warm a space instantly. Hang em’ high to make the room feel larger.
  3. Remove as many nick-knacks as possible. Less is more!
  4. Replace bathroom mirrors with framed mirrors. This is the least expensive way to update your bathroom — without remodeling.
  5. Add plants. These will create an inviting atmosphere.

If you’d like to learn more about making your home the best it can be, Alisa will be happy to help. You can reach her at 949.293.3858 or amoffett@domanidesigns.com .

Read Full Post | Make a Comment ( None so far )

Orange County Real Estate in a Virtual World

Posted on June 15, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

To Be There or Not to Be There

How can you be someplace and not someplace at the same time?… By entering a virtual world. But you won’t find these realms on a conventional map. Virtual worlds are available only in cyberspace. They are simulated, 3-D worlds, much like video game environments. The big difference is you can use your computer to actually enter a virtual world, just as easily as you’d access any other website. There you’ll be in the form of a 3-D representation called an avatar, which you’ll control – actions, conversations, etc. And you’ll be able to interact with other users, who are also represented as avatars. You can design your avatar to look any way you want.  You could look like a walking carrot stick if you preferred. People from all over the world can be brought together in a shared space, interacting in their chosen virtual community. It’s the chat room concept taken to the next level.

Alright, so what are the implications for real estate in Orange County and beyond?  Well, taken to the limit, you could literally go house hunting, transact a purchase, and send everything to the local escrow office all from the comfort of your favorite sofa. Here’s how it would work. You arrange for your avatar to meet your Realtor’s avatar in the virtual neighborhood of your choice. Maybe a virtual Mission Viejo. Once you connect, you get in virtual transportation of some type, cruise through the local communities, and explore perfect 3-D simulations of homes that exist in the real Mission Viejo. You could walk through the houses, turn on the faucets, draw the shades, tap the woodwork —  the whole ball of wax. Once you find the home of your choice, you just sign on the electronic dotted line.

This is an oversimplification, of course. But it’s basically what happens in a virtual world.  Sooner or later, most people probably will want to get off their comfy sofas and actually go inside of the very real place where they intend to hang their very real hats. Nevertheless, a virtual real estate hunt would save time, and let’s face it, could prove to be a very fascinating experience.

I’d like to hear your thoughts on this. Would you like to go on a real estate hunt in a virtual world? Or would you prefer cruising around chosen communities in real metal and walking around in real brick, stucco, and wood structures?  You can reach me at 949.338.7408 or angie@askangie.com. And be sure to follow me @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( None so far )

Orange County Live-Work Homes Offer Convenience and Comfort

Posted on May 31, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

Buyers Can Choose From a Diversity of Orange County Live-Work Homes

Many of us live to work. We absolutely luv our jobs and all the rewards, perks, and opportunities that come with the territory. Thanks to the rising prominence of telecommuting, more folks than ever are not only living to work but working where they live. To accommodate the increasing numbers of at-home workers, developers are busy stepping up their output of residences known as a live-work properties. These are home specifically designed to serve both a residential and business purpose.

Orange County is one of the many locales experiencing a spike in live-work residences as developers rush to address the growing legions of at-home workers in this area.

One of the high scorers on the live-work development chart is Harbor Lofts. Located in the heart of downtown Anaheim, Harbor Lofts offers a fantastic selection of one, two, and three bedroom lofts. This includes 18, two-story live-work spaces available in the comfortably affordable 340k range. Plus, there’s 14,000 square feet of ground floor retail space for business owners who prefer a very short walk to work. And when the work day is done, residents get to refresh, relax, and invigorate in the pool or gym.

If you’d like to learn more about Harbor Lofts or any of the many other live-work properties in Orange County, I’m ready to help. You can reach me at 949.338.7408 or angie@askangie.com. And be sure to follow me @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( 1 so far )

Search For Orange County Properties in Your PJ’s

Posted on May 31, 2010. Filed under: First Time Buyer help, Orange County Real Estate | Tags: , |

Oh, What a Night Search!

What do pj’s and properties have in common? … You can wear one while you do the other. It’s all thanks to the free nightly MLS Orange County property search we’re offering to anyone who’d rather lounge than look.

It’s incredibly simple to sign up for search updates. First, you give us a list of criteria for your home – price range, location, number of Olympic-sized swimming pools, etc.  Next we plug all the vital facts into our automated MLS system. Finally, the big search engine kicks into high gear, scouring the data base for available homes that fit your criteria — day or night. This means, even while you’re sleeping the night away with visions of your dream home dancing in your head, our automated MLS is working hard on your behalf. Once the search locates a good fit, the system grabs the home info and fires it to your email inbox. And there it is waiting for you.

The important thing to remember is that you may slip away into sleep land, but the system never does. Not even a nap. It hunts night and day, looking for a home or homes that fulfill your every wish. When it locates a possibility, straight to your inbox it flies.

Here are the key benefits of this dynamic system:

  • Convenient  –  Now you can snooze but not lose a moment of time in your home search. I ask you, what could be easier?
  • Effective  -. The system is constantly on the hunt, covering miles and miles of territory so you don’t miss a single prop opp.
  • Budget-Friendly – The tireless, round the clock searches are 100% free.

Well there you have it. High Technology doing it’s part to advance the cause better property hunting. Want to know more about taking advantage of nightly MLS searches to find your ideal Orange County home?  I’m ready to help. You can reach me at 949.338.7408 or angie@askangie.com. And be sure to follow me @AngieWeeks or @WeeksTeam. Looking forward to hearing from you soon!

Read Full Post | Make a Comment ( 2 so far )

« Previous Entries Next Entries »

    About

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

    RSS

    Subscribe Via RSS

    • Subscribe with Bloglines
    • Add your feed to Newsburst from CNET News.com
    • Subscribe in Google Reader
    • Add to My Yahoo!
    • Subscribe in NewsGator Online
    • The latest comments to all posts in RSS

    Meta

Liked it here?
Why not try sites on the blogroll...