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.

CitrusFlyer

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

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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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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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Laguna Beach House Sale

Posted on March 17, 2014. Filed under: First Time Buyer help | Tags: , , , |

Luxury Laguna BeachIMG_4135 (2)

Laguna Beach, located in southern Orange County, is known for many different activities and entertainment.  First, the gorgeous beach, whether you are laying in the sun or drinking a martini at a restaurant you will always have a spectacular view of the ocean.  All of Orange County knows that this is a great place to come relax.  Second, Laguna Beach is known for being very artsy.  In the summer months, the Sawdust Festival comes to town!  This is where many artists come together to sell their beautiful masterpieces, from glass blowing to fabulous photography to jewelry, this is a must see event. Third, the famous Pageant of the Masters which in essence  is “Living Art” – you will see famous masterpieces recreated in a new way.  Lastly, hidden up in the green rolling hills is a little secret spot called “Top of the World”, it is high up, but the view is worth it!  Up there you can also hike or bike through out the trails.

Dream Come True Home

Speaking of the green rolling hills, this is where this dream come true house is located. With a breath taking view of the ocean, this house is to die for.  An incredible 5 bed and 5 bath home includes an outstanding kitchen, a private entrance with a gate, a gorgeous entrance hall way, wrap around balcony, a spacious master bedroom and closet, and so much more.  The house has a modern architecture, built for luxury and entertaining. Though the lot is mostly slope, with minimal maintenance , you will never have to worry about a skyscraper ever stealing your view. Through out the house are huge windows that will let the sunlight surround you.  A great entertaining home. Each of the 5 bathrooms, yes I said 5, is decorated for relaxation and primping.  If this House sparks an interest to you, contact me (949) 338-7408 or tweet @AngieWeeks.

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California Real Estate Market Update from Leslie Appleton Young

Posted on November 15, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , |

California Real Estate Market update 2014What’s in store for Orange County Real Estate and the California market in general in 2014? We had The California Association of Realtors Chief Economist Leslie Appleton Young present a ton of great market data and facts today, so we wanted to share with you!

Here are 8 quick facts about CA Real Estate:

1. REO level is at 5%. There are only 205 bank owned properties for sale in OC right now.

2. There are now only 15.4% underwater homeowners in California.

3. Foreclosure and delinquency rates are now at their historic normal level. (Big WHOOP WHOOP!!)

4. Sept median price in CA for detached homes: $428,810

5. 72% of properties from the beginning of this year had multiple offers. (This is why you need a good Realtor!)

6. 82% of investors bought & HELD. Only 18% flips in 2013.

7. There are 3.6 months of inventory supply in CA as of Sept.

8. Only 28% of buyers were first time buyers because they were outbid by all cash investors 😦 The long running average is 38%.

The big question: Will there be home appreciation or depreciation in 2014????????

Leslie predicts we will have more inventory, and sales volume will be up 3.2%. She is projecting a 6% appreciation, and mortgage rates will RAISE to 5.3%.

What does this mean for you? It’s a great time to seize the opportunity of lower prices while rates are still in the 4’s! Call us at 877-230-3211 for help and to maximize your investments!

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First Time Buyer Fears – 5 Reasons Renters Hesitate to Buy a Home

Posted on January 2, 2012. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , , , |

First time buyer Orange CountyAs first time buyer specialists, we’re constantly helping buyers address their fears about purchasing real estate. Some are very valid, while others are simply fear of the unknown. If you know someone going through pre-homebuying drama , please share this post with them, so they know they’re not alone, and understand how to overcome! 🙂

1. Fear of getting rejected.

There are WAY too many renters missing out on today’s buyer’s market simply because they are afraid to get qualified. They’re afraid that one bill they forgot to pay 5 years ago or those charged off accounts from college will keep them from buying a home forever. This is NOT true!! Everyone has dings on their credit, it does not mean you’ll be excluded from buying a home.  At least talk to a lender and see what steps you need to take next to get qualified.  Interest rates are ROCK BOTTOM right now, you owe it to yourself to try 🙂

2. Fear of losing good faith deposit.

A typical California ‘Good faith’ deposit (GFD) is 3% of the purchase price. Buyers write a ‘Good faith’ check and submit it with their offer, and if their offer is selected, the check is cashed and the escrow process begins. We’ve seen lots of buyers hesitate to write this check because they believe once the check clears, they MUST buy that property. In California, this is FAR from the truth. Your GFD is simply funds you as the buyer put forward to show your commitment to the property as you do your due diligence. During this due diligence contingency period, you can decide against the property and have your deposit returned for any reason, so don’t lose a great property because you are in fear of making a deposit!

3. Fear of overpaying.

Even though today’s buyers know the market better than ever with access to the MLS via internet and home value apps everywhere, buyers are still afraid to make a move in fear they will have ‘overpaid’ for a property they fell in love with, and be stuck underwater for years and years. (Sound like any renters you know??) Nothing could be further from the truth. Unless you are paying CASH for a property, it’s impossible for you to overpay, because there are systems of checks and balances in place to ensure this does not happen. During your ‘due diligence’ period, your lender is also doing their due diligence to make sure this is a solid property to loan you money on. The lender will send out an appraiser, and the appraiser’s sole job is to confirm the property is worth the price you offered on it. So rest easy knowing the bank will never loan you more money than the property is worth, even if you wanted to overpay. Plus, having an experienced buyers agent as your Realtor will also help you avoid overpaying, so you’re double covered 🙂

4. Fear of choosing a lemon.

We’ve all seen “The Money Pit” with Tom Hanks….YIKES! There are a lot of people out there who believe sellers will lie, cheat and steal to get their property sold. (and sometimes they may try to!) Fortunately for today’s homebuyers, a property inspection is conducted to ensure the home you love is not a lemon. There are quality home inspectors all over Orange County and they will inspect your property while its in escrow to make sure all the electrical, plumbing, appliances and structure is in working order. After a buyer’s inspection is complete, it is also typical to submit a ‘request for repairs’ to the seller with a list of items you would like addressed before moving into the property. Every property will have its problems, but buyers will always go into the situation with eyes wide open as long as they get a a property inspection with a quality inspector.

5. Fear of overextending.

Another completely valid buyer fear is over extension. “What if I bite off more than I can chew”? “What if I get laid off”? “What if I need to move”? These are all GOOD things to consider, but, they are not reasons why you should rent in fear the rest of your life. Actually, if you rent until you retire, you’re going to have a lot of reasons to worry how you’ll keep the roof over your head. Ideally, you’ll purchase a property, pay down the mortgage, and live in your paid off property after retirement 😉 In order to safeguard your investment, its a really good idea to have 3-6 months worth of reserves in the bank in case you do lose your job or need to move and find a renter for your property.  Talk to your financial advisor about how much you should have in reserves so you don’t overextend and have to eat ramen noodles for the rest of your life.  Its bad for your health.

What makes you hesitate to buy a home? If you’ve already bought your first property, do you remember your biggest fear when you took the plunge the first time? Please share by commenting below or tweeting @weeksteam or @angieweeks – we’d love to hear your story!!

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Owning Laguna Hills Real Estate May Take Some Creativity

Posted on June 2, 2011. Filed under: First Time Buyer help, Making Life Easier, Orange County Home Improvement, Orange County Real Estate | Tags: , , , , , , , , , , , , , |

“As Orange County realtors with specialization in Laguna properties, the Weeks team has been successful at helping folks just like yourself actualize your dreams and own a piece of Laguna Hills real estate.   It is always recommended that you consult a financial advisor when it comes to a large purchase, but don’t be surprised if you find out that you may qualify as a candidate to own Laguna Hills real estate!”  –  “Laguna Hills Real Estate –  Creative and Savvy Ways to Own”, OC METRO.

Though many people don’t see themselves as potential homeowners, most people with somewhat decent credit just need to think outside the box a little to get into a home. Whether its sharing payments with roommates, using another property as leverge, or having a family member co-sign, it may take creativity to get that Laguna Hills real estate you’ve always wanted.  Find out what some creaive homeowners did to afford their Laguna Hills real estate!

Click here to read the full article, entitled, “Laguna Hills Real Estate –  Creative and Savvy Ways to Own”.

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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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