2010 IS NEAR!
30 Offers to get a house...? Wow what a market!
I am on the team...The Real Estate Geeks, What that means is... we are a FORCE of knowldege. A team of people who get your offer accepted... over the other 29... Yes, and WE DO SHORT SALES too.
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WHY YOU SHOULD OWN YOUR OWN HOME
There is nothing quite as important as taking the proper steps toward stabilizing your future. Your house is your best investment. No matter what you do, you have to have a roof over your head. Why not own that roof which will pay for its self with in your lifetime. Did you know that if you have a 30 year fixed loan on your home, it will utilmately pay all costs of living in your home; utilities, and taxes? Yes, it is true and I will email you the formula example that I have used if you ask for it.
Buying? It can be intimidating to buy or list your home for sale especially in today's market, unless you have a team working for you like The Real Estate Geeks who close 100% of the time..including Short Sales! For most people, buying a home is the biggest purchase in their lifetime. It is extremely important to have an experienced agent working for you. What better then a whole team of agents?
With a wide range of experience in La Habra, La Habra Heights, Fullerton, Brea, La Mirada, Yorba Linda, Hacienda, Heights, Buena Park, Huntington Beach, Westminster, Whittier most of LA & OC southern California real estate areas. Us Geeks work extensively to help buyers and sellers meet their real estate goals.
If you are looking to buy or sell a home or would just like to know more about the current market, call or Email me today.
Selling? As a listing agent in Orange County, my extensive marketing plan gives a homeowner the opportunity to get the maximum value for his/her property. AROUND THE CORNER News Brief for the most current word in Real Estate. I find the perfect property for buyers and then I work to negotiate the best possible deal.
Marketing is easy with a stock list of 4,000 ready buyers. We may already have a buyer for your home...now.
*My background in buying, selling, owning & managing investment property holds knowledge that surpasses the average real estate agent.
Thanks again for choosing Renee Baccaro as your Orange County Real Estate Source.
Renee Baccaro Realtor
News Link: http://www.clientappreciationprogramweb.com/10-09_Baccaro_News.pd
Market Summary link: http://www.clientappreciationprogramweb.com/09-09_Baccaro_MS.pdf
This is one of the questions that is asked on "The Housing Bubble" blog by the Mysterious Flying Miser to Bruce Norris.
His answer:
No, not at all. We buy REOs and rehab the properties into near-new condition. The cost is about $35,000. Let's say an REO is priced at $65,000. With repairs, my cost is $100,000. What would be my motivation to repair this property and improve the neighborhood if I could not sell the property for a profit? If I sell this property for $130,000, it would be double the REO price. My sales cost would be at least 10%, or $13,000. I would net $17,000 for taking on this construction project. If the appraisal came in at $113,000 or less, then I would have done all that work for nothing.
The problem here is that if professionals did not use all the current sales data, then it would not be accurate for all buyers. I do understand the issue of the capital opportunity that is being described here, but you can't change the economic reality that the whole world is facing. How would an appraiser be able to exclude certain homes and only cherry pick the comparable sale of his/her choice? It is a cold hard world out there in real estate and no one says it is going to get easy any time soon. This is a eye opener for buyers who are looking for a home in good condition with a few problems who have since... been on the fence. If these guys can buy up homes and turn around and put them on the market for double the price...then Why Can't You?
Buyers...take advantage of the current window of opportunity. Get out there and BUY A HOME. Of course call me first!
Renee Baccaro Realtor Lic. 01718366 Century 21.
Link to article: http://thehousingbubbleblog.com/?p=5563
Oh my, oh my, oh my... it's hot! Every year this time of summer I swear I'm not going to live through this. It is late July looking at a wide open door of more hot days and night in August. I have lived in La Habra all my life. I remember so many good times about the summer days. Why, I remember ...going to the Corn Festival and eating to much cotton candy, corn dogs on a stick, or going into the funny house with strange mirror that made you look very fat or very tall or extremely skinny. I wish I had one of those skinny mirrors in my room to look in every morning. Maybe it would help my attitude for the day. In the sixties my mom would pack us a lunch and five or more of us in the neighborhood would take-off headed for the bamboo forest, or if we were real ambitious we'd hike to the Nikie Military base. That was always dangerously exciting. It was very likely we'd speculate that we might be shot by pellet guns from the security men protecting the base. Or worse stampede by a bull who may have broken out of his corral. At the Bamboo Forest you could walk across the one man bridge. It must have been 25 feet high with a one-foot wide water pipe running along one side of the bridge clearly rusty all the way across. Someone would always dare me to cross it. I was no chicken in those days so I'd do it.
La Habra has always been a good place to live and to grow up. We have wonderful people here. People are happy for the most part. Neighbors drop their extra lemons on the porch in a bag. One neighbor helped my dad retile his roof and ten years later he helped him again. Last month in June, one neighborhood of my parents named Connie heard that my sister died of cancer. She brought over at least five meals that week. She baked a dozen oatmeal cookies too. She dropped them off on the porch. She is one of the nicest neighbors I have ever known. Connie and my mom attended water coloring classes at an adult school in La Mirada. My twenty year old daughter Gen went with them a couple times. I wish she had gone more because she is very gifted in art.
My parents have lived on the same street since the homes were built in 1956. In the sixties we'd run and slip n' slide across the plastic sheet with the hose on the grass on a hot summer afternoon and have the time of our lives. If I tried that now I'd break my hip. Oh those fun old days. Now we have to be careful to conserve water. But you can have just as good a time at La Habra High School in the pool. It is open to the public and I know the entrance rate is reasonable. We lived near Sierra Vista School and every summer they had a recreation time. From 12:00 to 3:00 daily. We could check out a game or activity for free. They also had contests. I remember apple bobbing, pie eating, and chess contests. My brother had a newspaper and every morning my sister and I would help him fold 25 or 50 papers. We would then carefully put them in the bike pouch stacked straight up so he could just take off quickly on his bike. Sometimes we helped him collect the money too. That was the hardest part. We did it for free. I hope he appreciated it.
And so it is another hot summer year in La Habra California. There are at least 1000 more things I do not have room to put here that you can do in La Habra.
Renee Baccaro Realtor®
La Habra 61st Annual Corn Festival is right around the corner. Put on your Over-Alls and come sit on a hay stack!
Win a car!
Tickets on available at the La Habra Chamber of
Commerce 321 E, La Habra Blvd or at other
locations throughout the City.
2009 Silver Chevy HHR-LS purchased from Don Steve's Chevrolet
Where: El Centro - Lions park. 201 N. Cypress just above La Habra Blvd. You can't miss is. You can park in the Library, or on the street.
When: Friday 8/7 5:30pm to 11pm
Saturday: First the Parade on La Habra Blvd. just in front of the 10am to 11pm
Sunday: 11am to 7pm.
BABY CONTEST!
See details. At http://lahabracornfestival.com
Corn Eating Contest too!
Your Neighborhood Realtor
Renee Baccaro Realtor I'll be there in a booth!
(562) 972 9886
July 15, 2009
The numbers are in: Data Quick numbers show 833 houses and condos were foreclosed on in June ‘09 in OC. Up 41% from May and 31% from the year before.
4,052 properties were seized in Orange County down 26% from the first half of 2008.
Not that we didn't know they'd be high.
Loan modifications are only working out about 50% of the time. The California Foreclosure Prevention Act had only stalled the inevitable with this 90 day moratorium. The Assembly Bill X2 7 the Terminator signed in February was duped by banks who filed for exemptions giving them a loop-hole buy showing they have already had a modification program in place. The law impacts loans made from 2003 to 2007. One of the methods for loan modification is lowering the interest rate or to extend its term to 40 years. If the servicing contract says foreclosure is preferable to a loan modification, nothing in the law stops foreclosure. Was it a sham? Did "We the People", get the wool pulled over our eyes again? Will we ever learn?
Let us switch to some positive news in the real estate market. We are at a 9 month high with a 6.4% price increase showing in May from the last two years. California with one of the highest unemployment rates in the nations needs confidence that the housing market has hit bottom and is on its way back to some sort of normal arena. Any big surge in mortgage foreclosures could hurt a greatly desired recovery. We are in a delicate balance. I urge anyone who has considered buying a home to get out there now and start the hunt. You couldn't ask for a better time to buy a home with interest rates down. They are not going to stay that low forever. I just browsed a dozen homes ranging from 125k to 199k. They were all 3 bedroom homes 1100 sqft or more. P E O P L E! What is it going to take to make you get out there and create the lift that this state needs? We Realtors are willing to work with those short sales now! Well I am willing!
Stats: Medium home $250k - June homes above 500k rose 20% - Typical monthly mortgage payment in So-Cal for buyers was $1,193 last month - 23,262 new & resale homes closed in June. Call me if you live anywhere near: La Habra, La Habra Heights, Fullerton, Brea, Whittier, La Mirada, Buena Park, Hacienda Heights, Friendly Hills, Mar Vista Heights, Orange, Anaheim, Santa Ana, Pico Rivera, Azusa, Covina, etc.
Renee Baccaro Realtor®
In the dirt...understanding new bank(s) contracts, law suits regarding short sales, tax and debt consequences. It is an REO & Short Sale Market. I take every precaution to prevent problems. Call Renee
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