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OC Real Estate News & Home Trends (Doors)

Happy Friday! Here’s your up to the minute Real Estate news for this week!

Buyers ~ Do you know what to do to get ready to buy a home?
*Don’t make any large purchases when preparing to buy or while you’re in escrow.
*Don’t move money around ~ lenders like to see consistency
*You can make as little as a 3.5% down payment with FHA financing. There are also quite a few Fannie Mae Homepath properties out there with 3% down & seller assist in closing costs.
*Most homes will qualify for FHA financing unless there’s a lot of damage, missing appliances, etc.
*Condos need FHA approval on the entire complex to qualify for FHA financing but I can easily research that for you
*There is help for your closing costs & down payment. There are first time buyer programs & Grants for up to 3% of your purchase price.
*If you’re going to utilize a family GIFT of money towards your costs, please let them know that they’ll need to supply their bank statements to the lender.

Sellers ~ This might sound strange but Construction is UP in Calif! What follows construction is bolstered Real Estate sales & prices! See the link below. Also, OC is leading Southern Calif in home sales & prices with our prices up 5.9% and the median price at $450,000.

Usually the Holidays aren’t the best time to list your home but with all of our buyers out in mass, this is a great time!

IF you’re underwater in your home, as of today, the Fed hasn’t extended the Tax Debt Relief which relieves sellers of tax burden (in most cases) thru the end of 2012. Most were expecting the Relief to already be extended into 2013 but nothing yet and with the election, there aren’t any guarantees. If you’re upside down please call me for details, I would love to help!

Income Property ~ You don’t have to be an ‘investor’ to buy income property. This is a great way to add monthly income for your family! There are many things to consider but price, repairs & rents are the highest priority. If you’re interested in income property, please give me a call, I’d love to sit down & go over the details. There are a lot of REO/foreclosures out there still that need some love! Perfect to do simple rehab & get back on the rental market (see article below about high rents!)

Home Trends ~ Doors! Interior, Front & Garage Doors! I love the ‘exposed barn door’ that can be used for pantry’s (in the article) but also great for dining rooms!
http://www.hgtv.com/walls-doors-and-floors/10-inspiring-interior-doors/pictures/index.html

http://blog.builddirect.com/garage-doors-trends-for-2012-and-beyond/
I’ve got a good garage door guy if you need a referral & lots of carpenters for interior/front doors🙂

Construction is UP in Calif!
http://lansner.ocregister.com/2012/10/19/calif-no-2-for-new-construction-jobs/167177/#more-167177

Apartment Rents at an all time high
http://lansner.ocregister.com/2012/10/18/apartment-rents-at-all-time-high/167108/

OC Home Prices & Sales UP
http://www.ocregister.com/articles/percent-374443-sales-month.html

I hope I’ve provided some good info for you today!
If you have any real estate questions, please don’t hesitate to call or email & I hope you all have a GREAT weekend!
Patti
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154

A Positive Turn Around in the Housing Market

The Federal Housing Finance Agency home price index reported a 3.7% annual gain in July, this for homes bought with conventional mortgages. Analysts say these July numbers indicate a positive turn in the housing market, quickly becoming the brightest spot in an otherwise dim economic recovery.

No foreclosures while owners are trying for a loan mod – it’s official

As of Oct 2nd ~ Banks can not foreclose while homeowners are trying to secure a loan modification!

I’m sorry for some homeowners that this new rule has come too late but I hope they banks will adhere to their requirements and save other homeowners from the same fate!

Orange County Real Estate News & Things to Do This Weekend!

My goal is to be your go-to real estate market professional whether you’re planning on buying, selling or staying in your home for 20 years!

I will be adding a remodel section to my emails so you can see the latest trends!

Buyers & Sellers ~ Sorry but I’m lumping you together this week with one message ~ Don’t be afraid of the Holidays🙂

Plus side for buyers?  It will thin out your competition a bit!
Plus side for sellers?  You’ll be dealing with serious buyers!

Investors ~ This information is more pertinent for the flippers who buy, rehab & sell.  We’ve had a 90 day ‘flipping rule’ in effect for some time.  But due to the economy, the FHA has waived that rule this year.  We don’t know if they will waive it in 2013.

If you’re buying, rehabbing & selling within 90 days, be aware that buyer’s lenders will look at the profit percentage that you’re making and may require a 2nd appraisal. If your percentages are under 20% you’ll come under the waiver, if you’re over, there may be more hurdles to jump, especially with an FHA buyer.  Please call me for details.

Remodeling ~ Each email, I’ll focus on one area of your home for remodeling trends.  Today is your Kitchen.  This article touches on concealment of appliances, cabinets, countertops (including marble & butcher block inserts -which I LOVE) & lighting….here’s the link🙂
http://www.kitchenremodelideas.org/kitchen-remodeling-trends-for-2012.html

Real Estate News!
There is a lot of talk about ‘Shadow Inventory’ which is the foreclosures that haven’t hit the market yet!
There doesn’t appear to be a reason to worry, as many writers speculated in the past months.  Here’s the link!
http://lansner.ocregister.com/2012/10/05/experts-say-shadow-homes-wont-crush-housing/166855/#more-166855

The Housing Market is Improvi ng!  And the recovery trend is solidifying!  Heres your link!
http://housingwire.com/content/nahbfirst-american-improving-market-index-sets-record-high

Finally ~ Things to do this weekend🙂
You’ve got the Anaheim Auto Show at the Convention Center
Lita Ford at the Coach House in San Juan Cap
Tustin Tiller Days at Columbus Tustin Park
Christian Titus at the Brea Improv

I hope you all have a fantastic weekend!
And if I can answer ANY real estate que stions, I hope you call or email me!
Patti Gregory
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154
And thank you for taking a moment to read my Real Estate Emails, it’s very much appreciated!!

 
 
 
 
 

 

OC Real Estate News & What To Do This Weekend!

Hi All & Happy Friday!
Lots of information for you today🙂

My goal is to be your go-to real estate market professional whether you’re planning on buying, selling or staying in your home for 20 years!

I will be adding a remodel section to my emails so you can see the latest trends!

Buyers & Sellers ~ Sorry but I’m lumping you together this week with one message ~ Don’t be afraid of the Holidays🙂

Plus side for buyers?  It will thin out your competition a bit!
Plus side for sellers?  You’ll be dealing with serious buyers!

Investors ~ This information is more pertinent for the flippers who buy, rehab & sell.  We’ve had a 90 day ‘flipping rule’ in effect for some time.  But due to the economy, the FHA has waived that rule this year.  We don’t know if they will waive it in 2013.

If you’re buying, rehabbing & selling within 90 days, be aware that buyer’s lenders will look at the profit percentage that you’re making and may require a 2nd appraisal. If your percentages are under 20% you’ll come under the waiver, if you’re over, there may be more hurdles to jump, especially with an FHA buyer.  Please call me for details.

Remodeling ~ Each email, I’ll focus on one area of your home for remodeling trends.  Today is your Kitchen.  This article touches on concealment of appliances, cabinets, countertops (including marble & butcher block inserts -which I LOVE) & lighting….here’s the link🙂
http://www.kitchenremodelideas.org/kitchen-remodeling-trends-for-2012.html

Real Estate News!
There is a lot of talk about ‘Shadow Inventory’ which is the foreclosures that haven’t hit the market yet!
There doesn’t appear to be a reason to worry, as many writers speculated in the past months.  Here’s the link!
http://lansner.ocregister.com/2012/10/05/experts-say-shadow-homes-wont-crush-housing/166855/#more-166855

The Housing Market is Improvi ng!  And the recovery trend is solidifying!  Heres your link!
http://housingwire.com/content/nahbfirst-american-improving-market-index-sets-record-high

Finally ~ Things to do this weekend🙂
You’ve got the Anaheim Auto Show at the Convention Center
Lita Ford at the Coach House in San Juan Cap
Tustin Tiller Days at Columbus Tustin Park
Christian Titus at the Brea Improv

I hope you all have a fantastic weekend!
And if I can answer ANY real estate que stions, I hope you call or email me!
Patti Gregory
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154
And thank you for taking a moment to read my Real Estate Emails, it’s very much appreciated

OC Real Estate News & What To Do This Weekend!

Hi All & Happy Friday!
Lots of information for you today🙂

My goal is to be your go-to real estate market professional whether you’re planning on buying, selling or staying in your home for 20 years!

I will be adding a remodel section to my emails so you can see the latest trends!

Buyers & Sellers ~ Sorry but I’m lumping you together this week with one message ~ Don’t be afraid of the Holidays🙂

Plus side for buyers?  It will thin out your competition a bit!
Plus side for sellers?  You’ll be dealing with serious buyers!

Investors ~ This information is more pertinent for the flippers who buy, rehab & sell.  We’ve had a 90 day ‘flipping rule’ in effect for some time.  But due to the economy, the FHA has waived that rule this year.  We don’t know if they will waive it in 2013.

If you’re buying, rehabbing & selling within 90 days, be aware that buyer’s lenders will look at the profit percentage that you’re making and may require a 2nd appraisal. If your percentages are under 20% you’ll come under the waiver, if you’re over, there may be more hurdles to jump, especially with an FHA buyer.  Please call me for details.

Remodeling ~ Each email, I’ll focus on one area of your home for remodeling trends.  Today is your Kitchen.  This article touches on concealment of appliances, cabinets, countertops (including marble & butcher block inserts -which I LOVE) & lighting….here’s the link🙂
http://www.kitchenremodelideas.org/kitchen-remodeling-trends-for-2012.html

Real Estate News!
There is a lot of talk about ‘Shadow Inventory’ which is the foreclosures that haven’t hit the market yet!
There doesn’t appear to be a reason to worry, as many writers speculated in the past months.  Here’s the link!
http://lansner.ocregister.com/2012/10/05/experts-say-shadow-homes-wont-crush-housing/166855/#more-166855

The Housing Market is Improvi ng!  And the recovery trend is solidifying!  Heres your link!
http://housingwire.com/content/nahbfirst-american-improving-market-index-sets-record-high

Finally ~ Things to do this weekend🙂
You’ve got the Anaheim Auto Show at the Convention Center
Lita Ford at the Coach House in San Juan Cap
Tustin Tiller Days at Columbus Tustin Park
Christian Titus at the Brea Improv

I hope you all have a fantastic weekend!
And if I can answer ANY real estate que stions, I hope you call or email me!
Patti Gregory
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154
And thank you for taking a moment to read my Real Estate Emails, it’s very much appreciated

OC Real Estate News & What To Do This Weekend!

Hi All & Happy Friday!
Lots of information for you today🙂

My goal is to be your go-to real estate market professional whether you’re planning on buying, selling or staying in your home for 20 years!

I will be adding a remodel section to my emails so you can see the latest trends!

Buyers & Sellers ~ Sorry but I’m lumping you together this week with one message ~ Don’t be afraid of the Holidays🙂

Plus side for buyers?  It will thin out your competition a bit!
Plus side for sellers?  You’ll be dealing with serious buyers!

Investors ~ This information is more pertinent for the flippers who buy, rehab & sell.  We’ve had a 90 day ‘flipping rule’ in effect for some time.  But due to the economy, the FHA has waived that rule this year.  We don’t know if they will waive it in 2013.

If you’re buying, rehabbing & selling within 90 days, be aware that buyer’s lenders will look at the profit percentage that you’re making and may require a 2nd appraisal. If your percentages are under 20% you’ll come under the waiver, if you’re over, there may be more hurdles to jump, especially with an FHA buyer.  Please call me for details.

Remodeling ~ Each email, I’ll focus on one area of your home for remodeling trends.  Today is your Kitchen.  This article touches on concealment of appliances, cabinets, countertops (including marble & butcher block inserts -which I LOVE) & lighting….here’s the link🙂
http://www.kitchenremodelideas.org/kitchen-remodeling-trends-for-2012.html

Real Estate News!
There is a lot of talk about ‘Shadow Inventory’ which is the foreclosures that haven’t hit the market yet!
There doesn’t appear to be a reason to worry, as many writers speculated in the past months.  Here’s the link!
http://lansner.ocregister.com/2012/10/05/experts-say-shadow-homes-wont-crush-housing/166855/#more-166855

The Housing Market is Improvi ng!  And the recovery trend is solidifying!  Heres your link!
http://housingwire.com/content/nahbfirst-american-improving-market-index-sets-record-high

Finally ~ Things to do this weekend🙂
You’ve got the Anaheim Auto Show at the Convention Center
Lita Ford at the Coach House in San Juan Cap
Tustin Tiller Days at Columbus Tustin Park
Christian Titus at the Brea Improv

I hope you all have a fantastic weekend!
And if I can answer ANY real estate que stions, I hope you call or email me!
Patti Gregory
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154
And thank you for taking a moment to read my Real Estate Emails, it’s very much appreciated

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