All my friends are tell me to wait until home prices bottom and then buy. Should I wait or should I buy now? 
I am sure your friends have your best interest at heart and they may not know how real estate works.
Real estate goes up and down, they always have....if someone purchased a home at the wrong time or wrong place and wrong loan (maybe during a California real estate bubble during the early 90’s and 2005 and 2008 with a toxic loan), then they may have a bad taste in their mouths for real estate.
Maybe some of your friends purchased at the height of the real estate bubble with a toxic loan and their homes have lost value and their loan has or is about to explode, they may not be your best real estate advisors.
You need to purchase after the bubble pops not while it’s being inflated. I work the Downey CA area and I believe that Downey has bottomed and prices will be low for the next few years with a little increases here and there, but they will come back up again. 
Will home prices ever come back up to the 2006/2007 bubble prices? No one knows at what rate homes will appreciate but prices have no where to go but up, but that’s just the real estate cycle.
The danger of waiting is your interest rate can go up and so can the cost of getting a loan: loan points, title insurance, homeowner insurance, private mortgage insurance, escrow fees.
Also remember, buying a house is more than just a financial decision, it’s a place where you are going to build a home for your family. If you find that right place at the right price, what does it matter if prices fluctuate up or down, if you are planning on staying for at least 5 to 7 years, you’ll be ok.
If you are buying to flip and trying to make a quick profit, then I say you might be treading in dangerous waters more so in certain areas like Downey CA were home prices shot up too high and to fast during the bubble years and are now in a correcting stage, which is good news for those who want to buy a home in Downey CA to raise their family. If you are planning on flipping for a profit, I wouldn’t be able to help you but if you want to buy a house to make it a “home,” then I can most certainly help you.
Please call me discuss how I can help you find the right home for you and your family.
First-Time Homebuyer Q & A and Seminar in Downey CA
Save the date:
Saturday, November 19, 2011
We will be having other dates opening up soon
Time: 12-5 p.m.
Location: Downey, CA
Sponsored by Aida Pinto, Real Estate Broker
United Associated Brokers
You must RVSP to reserve your seat.
Email me your request to: PintoRealty@yahoo.com or call (562) 916-3237.
There will be Spanish speaking agents available to assist you as well.
Come to this great and informative Firstime homebuyers class,
It’s free and at no obligation to you.
Do you have questions about buying a home in Downey CA
You will find your answers to all your real estate questions....
just call (562) 916-3237 or email your request at: PintoRealty@yahoo.com.
Get the answers to these and any or questions regarding the home buying process!
For reservations for this seminar or other dates:
please call (562) 916-3237 or
e-mail” PintoRealty@yahoo.com
What would motivate you to buy a home or sell and buy an up-grade or
downsize?
A recently survey....found selling and buying trends within the “Baby Boomer” demographic and separated the baby boomers into younger Boomers (aged 47-55) and older Boomers (56-64). “With nearly 79 million Americans in this demographic, the insights gleaned from the survey can definitely help you understand this massive group of potential clients.”
“Young Boomers want all the upgrades!”
Survey says!
According to “the survey” only 6 percent of agents report that those in the 56-64 age category are looking to get into a bigger home. Interestingly, the younger boomers would love more space. In fact, 31 percent of those same agents said this younger group was in the move up buyer category. With the 47-55 age category it’s more likely additional space is needed for growing children.”
“Nearly 80 percent of the older boomers would love to downsize to a smaller home.”
According to Jim Gillespie, CEO of Coldwell Banker Real Estate, “I know baby boomers are a very diverse group and cannot be described in generalities, but our survey clearly indicates that those boomers who are financially secure are actively seeking to buy their retirement home, or a second home, and they are taking advantage of the opportunities and value available in today’s market.”
What are your thoughts on this and what would motivate you to make a decision to buy or sell in today’s market?
Are you a "baby boomer" who has an empty-nest and would love to move closer to the grand-children or maybe buy that vacation home on some remote island you always wanted?
OR why not rent your vacation home?
Maybe you could find some great vacation rentals instead of buying!
Or, maybe you're just tired of keeping up with a large home and you want to downsize to a condo or smaller home!
Or, maybe you want to move in with your extended family out-of-state! Or, maybe you live out-of-state and want buy a rental property closer to home.
There are so many possibilities. One caveat: if you don't need to sell, don't! But if you do, and you own real estate in Downey CA or Long Beach CA and you need a full-time Realtor who has the knowledge and the desire to help you sell your rental property or primary home in downey, I know I can get the job done! I would love the opportunity to interview for the job of being your Real Estate Broker and Realtor.
Please visit my website: Click here-->>www.PintoRealtyInc.com
I know it sounds crazy but I’d rather risk it then to have to pay those outrageous dental prices. How hard can it be? There’s no law that says I can’t pull out my own tooth!
.....Of course, I'm kidding!
This blog is dedicated to those For Sale By Owners know as FSBOs!
There are some things you can do yourself with no major consequence like, doing your own nails, doing your own hair but really...there are some things that should be done by a professional like: pulling your tooth out or selling your home.
What can you do for me that I can’t do for myself? You maybe asking!
Well, as a professional Realtor my full-time job is to sell your home, and in today’s challenging market, it’s a full time job to sell a home. I can’t imagine someone trying to work all day long at their regular job and then have to take on another full time job of selling their own home.
As a full time Realtor ®, this is what I can do for you:
Correct Pricing
As your Realtor®, I will prepare a custom market analysis and create a unique pricing and marketing strategy. Most homes don’t sell because they are not priced right. Many "For Sale by Owners" don’t have the experience in home evaluations and often price it either too high or too low. Hiring a professional Realtor will ensure you that you get “market price” for your home or investment property.
Right Exposure
As your Realtor ®, I post your property not just in the MLS but on my websites, and real estate blogs in addition to all the other traditional marketing methods. As a "For Sale By Owner" you will have to spend money marketing your property, buying signs, printing fliers, creating a website, conducting your own open house, etc. A Realtor that is knowledgeable will know how to give your property the Right Exposure. Do you have the time and money to spend marketing your property? The fact is that the exposure a Realtor can give your property can never be matched by anyone. By not listing your home with a professional Realtor® there are hundreds if not thousands of potential buyers who will never see your home.
Show your home anytime
Buyers will need to see your home before they make an offer, at least most buyers do. Will you be available during the day to show your home? Will you have to leave work early to meet a buyer that you don’t even know if he/she is qualified to buy? Will you be able to schedule your life around the needs of the buyer?
With the use of a Supra lockbox, a Realtor® can show your home any time and as your Realtor® I will always know who is going in and out of your home. Only professional Realtors will have access to your property. If you do not wish to have a supra lockbox for whatever reason, don't worry, as your Realtor®, I'd be available to be present at all showings.
Show your home to only qualified Buyers
Or are you going to show your home to anyone and everyone, even if they can’t buy? As your Realtor ® I will only let qualified buyers see your home, and I will instruct other Realtors to only show to qualified buyers. So you will never have looky-loos with me as your Realtor.
Get you the best and highest offer
Most buyers who are looking at For Sale By Owner homes are bargain hunters and will make extremely low offers regardless if the home is priced well or not. Bargain hunters will make several low-ball offers on different properties because they are not serious buyers. As your Realtor®, I only work with serious buyers who want to buy.
Qualify the Buyers
Will you be doing the qualifying? Do you know how to qualify the buyer? Will you be running their credit? Analyzing their financials and making sure the debt ratio is acceptable? Verifying their down payment? Verifying their job? I personally qualify all buyers before they make any offer on a home listed by me.
Even the founder of ForSaleByOwner.com ended up hiring a professional Realtor after he failed to sell it himself. { http://agentgenius.com/real-estate-news-events/forsalebyowner-com-founder-gives-up-on-own-listing-hires-real-estate-broker/}
If you own an home or investment property in the Downey-Long Beach area and you need a Realtor®, please feel free to call me at (562) 916-3237 anytime to discuss how I can help you sell your home.
Will I owe income taxes if I do a short sell on my home in Downey, CA? It depends and you should really be asking your tax adviser....because only he/she can give you the right advice...and...since I am not a tax expert, and this is not tax advice and is for informational purpose only, I must repeat you would be better off checking with your tax adviser...but....
JUST FOR YOUR INFORMATION:
If you purchased a home in Downey, CA (or Long Beach, CA or anywhere in California) and NOW owe more than it’s worth...and...you want to short sell it... thanks to: "The Taxpayers Relief Act Of 2007*," you may not owe any income taxes if you short sell your home...but. . . there are some restrictions: it must be your primary residence and you must close escrow by 12/31/2012!
There is also a provision for those who short sell their rental in Downey, CA where you can also be excluded from owing income taxes on a short sale of a rental but like I keep saying, you need to talk to YOUR tax expert for tax advise or you can go to the IRS website!
In the past, if you had “debt forgiven,” the IRS would consider that "debt forgiven" that as income that you earned and wolud have report that on your income taxes as income to you and therefore pay income taxes on that "debt forgiven"... but... if you short sell your home and close escrow by 12/31/2012, the IRS will not count "debt forgiven" as income and therefore will not tax you as if you earned that income...
You may thinking: “oh, I have plenty of time to short sell my home in Downey, CA” but in this type of real estate market you never know how long it will take to get your home sold. If you price it right it will sell fast and if it’s in top condition it will sell even faster but even if you were to get an offer today, you still would not close escrow in 30 or even 45 days. Depending on they type of offer you get and how receptive or flexible or willing your lender is and depending on your bank negotiator; all that will dictate how long the escrow process will be. And then, there is always something that might cross your path and prevent you from closing on time. There are so many unknowns that it would be impossible to guarantee that your home in Downy will close escrow in 30 days, even if you get a CASH offer.
The escrow process is like having a baby, the doctor gives you a due date and rarely is it the actual date of delivery. Your escrow process could take up to three months, in some case even more, and the marketing time and negotiations with your lender can take up to a year.
So if you were planning on short selling your home in Downey, CA and you are thinking that there’s plenty of time to make that decision, please think very carefully because you may not have as much time as you think...."time waits for no man" and 2012 is just around the corner.
*Please make sure that you check with your tax adviser whether "The Taxpayers Relief Act Of 2007!” applies to you; only he/she can tell you for sure if you will or will not owe income taxes on the sale of your primary residence on a "short sell" of your Downey home.
Thank you for reading and for your comment.
Please visit my Website: www.PintoRealtyInc.com/ OR <Free Home Search: Click here!>
Sincerely,
Aida Pinto
Real Estate Broker/Notary Public {Direct: (562) 916-3237, Cell: (562) 884-6196} {United Associated Brokers, 11561 Paramount Blvd., Downey, CA 90241} {DRE Broker Lic. 00972295. In business since 1987 and proudly serving the Los Angeles County area} Disclaimer: The information given on this post, blog, website or any other site is solely for informational purposes. Aida Pinto is a California Realtor since 1987 and a real estate broker since 1994 and also a Notary Public since 1988. She is not an attorney nor a tax accountant and this is not legal or tax advise. All information provided by this Broker is deemed reliable but not guaranteed. Please consult with an attorney for legal matters or a tax professional. http://www.irs.gov/individuals/article/0,,id=179414,00.html
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Serving Greater Los Angeles area and surrounding cities of Southern California: Long Beach, Downey, South Gate, Bellflower, Pico Rivera, Whittier, Montebello, Bellflower, Norwalk, Lynwood, Bell etc.
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Tambien hablo espanol. Le puedo ayudar a comprar or vender su propiedad sea una "short sale" "Venta Corta" or regular. Downey short sale 90240, Downey short sale agent, Downey short sale relator, Downey Short Sale real estate broker, South Gate 90280 short sale, Lynwood 90262 short sale, south gate 90280; Pico Rivera 90660 short sale agent broker, mobile notary, downey 90241 mobile notary. Para ayuda con su "venta corta" llame hoy, ayuda con una venta corta, venta corta en downey, venta corta en downy, como puedo hacer una venta corta en downey,
Para ayuda con su venta corta o venta regular llame, y preguente por Aida Pinto (562) 916-3237. Necesita una agente de bienes raices que hace ventas cortas (short sale) en Downy. Yo soy un agente de bienes raíces en las cuidadses de South Gate, Paramount, Downey, Long Beach, Bell, Bell Gardens, Huntington Park, Maywood, Lynwood. Para vender su casa en Lon Beach, yo le puede ayudar. También, le puedo ayudar vender su casa en todo el condado de Los Angeles incluyendo ELA, City Terrece, Montebello, Whittier, CA. (mobile notray public for Los Angeles County )
If you are looking for houses for sale in South Gate, CA 90280, or houses for sale in Downey, CA 90242, or Houses for sale in Long Beach, CA....I can help you.I sell homes, condos and investment properties throughout the Los Angeles County area.
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