Tuesday, August 31, 2010

How to Protect Your Real Estate Property and Family

Check out this video if you're wondering how to protect your home and family in case you're no longer around.  Every homeowner and person who has others relying upon him or her financially needs to consider this:



For more info, please contact:

Tony Murcia, Jr.
Agent
CA Ins. Lic. #0G70269
New York Life Insurance Company
(949) 293-7511
mamurcia@ft.newyorklife.com

For any real estate info, you can contact me here.

Monday, August 30, 2010

Ainsley Park Floor Plans

I checked out the Ainsley Park sales gallery opening this past weekend over at Columbus Grove in Tustin.  It was a really nice event.  There was even a tent set up in the parking lot with California Quivers serving complimentary fresh fruit ice frozen treats!  Lots of people, lots of interest, lots to look forward to!

Prices for won't be released for another couple of weeks, maybe less.  For now, prices are supposed to "start in the high $400,000's."

Some other key info:

* There will be a total of 84 paired homes.
* There will be 4 models open to the public hopefully before December 2010.
* There will be a total of 4 distinct floor plan designs ranging from 1,659 to 2,364 sq. ft., including a "first-level master bedroom" floor plan.
* Estimated HOA dues at Phase 1 are expected to be $175/month for the sub-association and then reduced to $150/month at build-out.  The master association dues per month is currently $160/month, however the sales office is saying $148/month.  There will be two association dues.
* Phase 1 will consist of 12 homes being built up along Larkspur Street, backing up to Warner.

For more info about what's REALLY going on with Ainsley Park, Columbus Grove, or other areas of Orange County, please contact me or comment below.  Thank you!

Sunday, August 29, 2010

Has Your Home Been Sitting on the Market for Too Long?

Just about all of the sellers I work with want to sell their homes right away.  Once they put their homes on the market, the last thing they want is to have it sit on the market for several months and continue to keep the home clean and ready to show on a daily basis.  It's exhausting.

If your home has been sitting on the market for more than 30 days, and you have received NO offers by now, or if you've received offers but they've been way too low for you, some adjustments probably need to be made.

I wouldn't automatically assume that you need to lower your price.  While it may be a factor, it may not be the ONLY factor.

You have to put yourself in the buyers' shoes.  What would a great deal look like to them?  Of course every buyer is different, but you can try to appeal to a larger pool of buyers.  How do you do this?  It's actually a very simple formula:  your price, condition, timing, and exposure have to all align.

I think most sellers are savvy enough now to know what each of these items mean individually.  But the right combination of all four is crucial in attracting the right buyer and having a successful sale.  Yes, the formula is simple.  But finding the winning combination is not always easy (or apparent) for some.

Every seller wants as much money as possible for their home.  In order to get that, you need to have exposure to your home.  That means being able to show your home as much as possible, including on weekends.  Sellers expecting top dollar for a home that is only allowed to be shown between 5pm-6pm on weekday evenings may find that offers will be slow to roll in.  Even if your home is in top condition, shows beautifully, and is priced correctly, buyers usually want to see the interior of the home before making an offer.  Sometimes exposure can be difficult when you have a tenant living there.  If that's the case, you need to work it out with your tenant about showings and monitor how well the home is showing to prospective buyers.  Also, online exposure is HUGE now.  Buyers these days are starting their home searches on the internet, so make sure that your home can be found there and is listed and described accurately.

Timing makes a difference too.  I'm not talking about deciding whether to sell now or wait another year or two when you think the market MAY go up.  I'm talking about timing as it relates to your immediate competition.  If your next door neighbor with the exact same floor plan and more upgrades decides to sell his/her home at the same time for a much lower asking price, you'll have to determine whether putting your home on the market at that very time is best for your overall situation.  This requires doing some very good market research, and maybe even have your agent check out some of the competition too.  Of course you never know if another similar home will hit the market right when you list yours, but it's always good to at least know who you're up against and operate accordingly rather than put your home on the market blindly.

The condition of your home needs to be as flawless as possible.  As much as buyers say that they can look past a stained carpet and dirty walls, you likely won't get top dollar if your home is just not clean.  Clutter kills.  Excessive personal items everywhere is distracting.  Outdated furniture, window coverings, cabinets, etc. will be processed in buyers' minds as a deduction off the list price, even if you price your home below comparable homes on the market.  You can have all the upgrades in the world inside your home, but if they are presented in poor condition, you lose brownie points (i.e. thousands of dollars off a potential offer price!).  If you're really serious and have the money to invest, you may want to consider hiring a professional home stager to help configure your home to show like a model.

As for price, you can have the most beautiful home on the block with every upgrade imaginable and showings galore.  But if you price your home too high, buyers are either going to "lowball" you, and/or they'll start thinking that you're a difficult seller and therefore don't even want to deal with you.  Yes, you may have put $100,000 of upgrades into your home.  But if your neighbor down the street with the exact same floor plan but no upgrades sold their home for $500,000 last week, and you want $675,000 ($100,000 more for the upgrades, plus another $75,000 since your home is a corner lot and just better all-around), just make sure that it'll make sense to buyers out there. Certainly, there's always the possibility of some buyer wanting to pay all cash and/or waive the appraisal contingency, but just about every buyer out there does not want to overpay for a home.  Unless you live in a custom-built home previously owned by Kim Kardashian with a miraculous view and amenities that no other property can ever rival, chances are that buyers won't fall THAT far in love with a highly upgraded tract home enough to pay well above the market value.

So before you decide to drop the price of your home (or better yet, before you end up listing your home on the market), you may want to ensure that your home is getting enough exposure (online and ultimately in person) and shows nicely in comparison to other homes on the market in your area.  Also check out your competition and determine how that will affect the sale of your home.  You may be able to preserve the price of your home after all by investing some time, energy, and maybe a little money to get your home in a better position to sell at the price you want.

For more info on selling a home, buying a home, or if you have other questions regarding Orange county real estate, feel free to contact me or comment below.  Thanks!

Friday, August 27, 2010

Getting Ready For Ainsley Park at Columbus Grove

Ainsley Park is set to unveil its new Sales Gallery tomorrow (Saturday 8/28) at 10:00am.  Here are some photos from this morning showing the sales office getting prepared, as well as some other snapshots of the construction site.

(FYI:  The "Coming Soon" sign for Ainsley Park has been up for years.  I'm not sure if they still intend to start selling in the high $400K's.  More info to come after tomorrow!)

For more info on Ainsley Park, Columbus Grove, or other areas of Orange County, feel free to contact me or comment below. 








A Happy Client in the Vantage Town Homes at South Coast Metro Area

Here's a snap shot of an email that I recently received from a past client for whom I had helped purchase a nice townhome in the Vantage Town Home community in the South Coast Metro area (city of Santa Ana).
**

For this past client of mine, I was helping him find a home for about 3-4 months.  We were looking all over Irvine, Costa Mesa, and Tustin Ranch.  There were plenty of homes in his price range, but nothing that fit the size requirements, condition, and floorplan style that he was looking for.

Once we saw homes in the Vantage Town Home community, my client quickly realized that this neighborhood was a hidden gem.  These homes are larger than most other similar type of townhomes in Irvine, Costa Mesa, and Tustin Ranch, yet the prices were much more reasonable and affordable.  And the location couldn't be beat for someone who likes to have easy access to freeways, shopping, restaurants, and more (like my client).

The Vantage Town Homes are located near the corner of Main and MacArthur, close to the Dyer exit off the 55 freeway.  The community is comprised of just less than 100 attached townhomes that all have their own garages.  Some units have their own 2-car driveways too.  It is a guard-gated community with beautiful amenities, including an association pool and spa, plus BBQ areas.  There are 5 different floorplans, 4 of which are 2br/2.5ba units, and 1 floorplan is for a 3br/2.5ba unit.  The 2br units range from 1,206 sq ft to 1,493 sq ft; the 3br unit is about 1,778 sq ft.

If you're looking for a community in the South Coast Metro area or close by to the city of Irvine, the Vantage Town Home community may be what you're looking for.  It sure turned out to be that way for Nick!

For more info, feel free to contact me or comment below.


**Here's the text of the testimonial above:


"Hi, Alicia! I just wanted to thank you again for helping me find my new home. Although it was at times a stressful experience, you did so much to make everything run smoothly from beginning to end. I especially appreciate how readily available you have been to answer all my questions and how patient you remained despite all my crazy anxiety regarding the short sale process. Vantage Townhomes definitely fits my needs perfectly. From the second you drive through the security gates and pass by the beautiful pool area, you can tell how well maintained the property is. I really like the attached two-car garage, as well as the carports that are reserved for residents, since I have multiple cars. My townhome is the perfect size and seems even more spacious than the square footage would indicate because of the high ceilings. I'm extremely satisfied with my purchase. I hear many new homebuyers suffer from a case of buyer's remorse shortly after getting into a new home. I'm happy to say that I am not a member of that group. Your hard work is very much appreciated!"

-Nick


Thursday, August 26, 2010

Ainsleys Park Sales Office Built at Columbus Grove

Ainsley Park at Columbus Grove in Tustin is quickly being built.  The sales office is now in place, constructed just within the past 2 weeks or so.  The parking lot for the sales office was recently paved.  It looks like they are really getting ready for the pre-sales launch at the end of August!

For more info on Ainsley Park, Columbus Grove, and other parts of Orange County, feel free to contact me or comment below.





Wednesday, August 25, 2010

A Short Sale Testimonial

I wanted to share a testimonial letter received from one of my past clients for whom I helped list and close a short sale of her home in Irvine earlier this year.  While the short sale was a result of financial hardship and divorce, it allowed for my clients to move on and start anew with their lives.



Short sales are never easy for those involved from an emotional standpoint.  I've found that it's never really a happy situation, but rather a huge relief once it's all done and over.

Keep in mind that a short sale may not be for everyone.  If you're wondering if a short sale is the best solution for you regarding your home, talk to someone who not only can explain your options, but who can also meet your needs and do so with respect of you and your situation.

For more info, contact me here or comment below.

The Cost of Living at Columbus Grove

Columbus Grove in Irvine and Tustin are made up of several "neighborhoods": Savannah, Lantana, Alexandria, and Kensington Court on the Irvine side; Westbourne, Ciara, Madison, Cantara, Clarendon, and soon-to-be Ainsley Park on the Tustin side.

The overall community at Columbus Grove is great.  For an area that was just built up just less than 5 years ago, it has really developed into a nice community that has that comfortable feeling that you often get with more established neighborhoods.  While there are some newer communities in the area that may feel a bit isolated, you really feel like a part of a community when you live at Columbus Grove.

But living in this community doesn't come without a price.  The home values have indeed dropped in the past few years, but not to the point where it makes the community undesirable to live in.  There are HOA dues to pay each month, even if you own a single family residence.  The master association dues are currently $160 per month.

For the condos and townhomes, there are additional monthly association dues to pay:

Savannah:  $177/month
Kensington Court:  $244.50/month
Clarendon - Plan 1:  $212.82/month
Clarendon - Plan 2:  $236.89/month
Clarendon - Plan 3:  $248.46/month

Yes, it can get pretty darn expensive to live at Columbus Grove.  For property tax info, you can look it up for a particular home in the community by following the instructions from one of my earlier blog posts here.  But for those who are looking for a newer home amidst so many amenities both within the community and outside of it, Columbus Grove may be just the right place for you to call home!

For more info on Columbus Grove and other areas of Orange County, feel free to contact me or post a comment.

Tuesday, August 24, 2010

Ainsley Park Update at Columbus Grove

William Lyon Homes has announced their collection of homes at Columbus Grove called Ainsley Park.  These will be 2-story paired homes from 1,659 to 2,364 square feet, 3 to 4 bedrooms, up to 3 baths, and 2-car garages.  You can view the construction site from my earlier blog post here from earlier in August, and an updated post here from a couple of weeks after.

So when will these homes be available?  Here's what William Lyon Homes told the current homeowners in the area in a letter dated August 19, 2010:

"...Ainsley Park sales gallery is slated to open late August 2010 and model homes are anticipated to open to the public before the end of the year."

Prices haven't been publicly announced just yet.  My guess is that they will begin selling somewhere in the high $500,000's...again, just a guess based on other homes available in the immediate area, so don't quote me on that!  I wouldn't be surprised though if they started selling at a higher price point.  I'm also guessing that there would be 2 HOA dues to pay each month: one for the master association, and the other for the association handling just Ainsley Park.

For more info on Ainsley Park, Columbus Grove, and other areas of Orange County, feel free to contact me or leave a comment below.

Monday, August 23, 2010

5 Reasons To Buy Real Estate Now

Buying a home is a BIG deal.  Whether you're a first-time homebuyer or a seasoned homebuying veteran, every purchase requires careful planning and a relatively large investment of cash.

Just this past week I was asked again whether it's a good time to buy right now.  My answer?  It's ALWAYS a good time to buy...if it makes sense for YOU to do so right now.

I know, that answer didn't really get you anywhere.  But the reality is that it's different for everyone.  And it depends on what you're comparing today's market to, and what your ultimate goals are in buying a home.

For some people it really did make sense to buy real estate in 2006 when prices peaked here in Southern California.  Although home prices were much higher, loans were also a lot easier to get and didn't necessarily require a huge down payment.  And if you still love your home right now, plus you plan to be there for many more years to come and are still able to afford your monthly payments despite the value of your home being much less today, then perhaps it was a good purchase for you after all back in 2006.  Perhaps now you wouldn't be able to qualify to purchase your same home right now, even if the value today is a lot lower.

For other people, buying a home in 2006 might not have been the smartest financial move you've ever made.  The type of financing obtained might not have been the best to get, and perhaps the purchase was made based more on speculation than on satisfying current needs at the time.

So how do you know if buying real estate now is worth it?  Here are 5 reasons why buying now might make sense for you:

1)  You plan to live in the property for 5 or more years.  In other words, you're not planning to flip the property and banking on short-term appreciation.  It's hard to know where you'll be in 5 years, but if it doesn't freak you out to stay put for that long in the same home, then buying now might make sense.  Why 5 years?  Because some economists are saying that it'll take at least that long to ride out the rest of this downturn.  Keep in mind that it could be longer, so select your home accordingly.

2)  You can truly afford the monthly payments.  This also means that in addition to your housing costs, you have enough monthly income to cover other necessary costs like for food, child care, clothing, etc.  Plus having some spare change for fun and entertainment is good too.  This also means that you can handle the monthly payments for planned changes in the foreseeable future (e.g., starting a family and raising kids, plans to go back to school, college tuition for your children, etc.).

3)  There are homes available in your price range in the neighborhood you want to live in.  When the "stars align" and you find the right home in the right neighborhood that you really want, that same opportunity may not be available for you again in the future.  Of course prices will fluctuate over time and may even go down some more, but that may also mean more competition for you, and perhaps higher interest rates at that time may make your monthly payments higher anyhow.  How do you know if it's the right home?  That one's hard to describe...for many people, you just know.  It's a gut feeling.  Plus it fits all your home search criteria (desired number of bedrooms, bathrooms, garage space, size, and so forth).  You'll know when you find it.  It may not hit you like a freight train, but you'll have a good vibe about a home that will eventually grow stronger as you pursue it further.

4)  Your job situation is quite stable.  If there is some indication that you may lose your job, receive a reduction in income, get relocated for your work, or you plan to change careers in the near future, it may be better to hold off on buying a home until you are very comfortable your income situation.

5)  You have plenty of reserves in the bank.  These are monies that you have after making your down payment and paying all your closing costs.  You never know when you might be laid off.  You never know when an emergency medical procedure may have to be done immediately.  You never know when your car may break down.  There are tons of what-if scenarios out there that require some quick cash on hand so that you can pay your monthly expenses.  How much do you really need?  I would say to have enough money stashed away to cover your current lifestyle very comfortably for about six months at least.  And if you do find yourself in that situation after buying your home, start living more frugally to help prolong those reserves until you resolve your financial situation.

Many potential buyers worry that it may be the wrong time to buy because they believe that the market hasn't bottomed out yet.  Here's the thing: once we realize that the bottom was hit, we'd already be on the upswing.  Then it's a scramble to find the house of your dreams under the pressure that home prices are steadily climbing again.  And once there are signs of recovery in the housing market, it's likely that interest rates are not going to be at rock bottom at that time either.

So if you meet the 5 reasons listed above and have a strong desire to move, why not start the search and see where it takes you?  And if you work with an agent who really cares about you, he/she should be able to guide you along the way.

For more info, please feel free to contact me.

Saturday, August 21, 2010

Real Estate For Busy Parents

I get it. As a new parent, I now understand why moms and dads alike often say that they don't have time to do things. It's because it's true for the most part, especially if you have a child with special needs (or just a needy child!). In between diaper changes, crying, working, cooking, eating, bathing, napping, and spending quality time with your kids, there's not much time left for yourself these days.

So how does a busy parent find time to sell or buy a home? The answer is in the palm of your hand.

These days, people on the go have become one with their smartphones. They have have laptops, netbooks, iPads, and other devices that give them real-time info right at their fingertips. Admit it - texting is as much of a disease for you as it is for your teenagers.

Buying a home largely starts on the internet these days. Most buyers have probably already viewed at least 10-20 properties online by the time they reach out to a real estate agent. The info is there - all you need to do is look for it. And for those buyers who are truly serious about looking for a home, they may become obsessed with looking at homes online from their phones or computers. I know, I was that way too.

Selling a home on the other hand usually starts from referrals made by a trusted friend, neighbor, or someone perceived as your "neighborhood expert." But when do busy parents have the time to have these conversations? And even once you get an offer, who has time to stay on top of everything?  Probably every seller at one time or another has thought, "Would it really be so bad if I tried to sell my home on my own, without an agent?"  The answer depends on how much time you're willing to put into learning the process and avoiding the legal pitfalls that come with selling a home.  That's time that you'd otherwise use to spend with your family and do things for yourself.

Remember how I said the answer to selling or buying a home is in the palm of your hand?  Well, it is.  Or perhaps it's on your lap, or somewhere on your desk.  The fact that you're looking at this right now shows that you're starting your search on selling or buying a home on the internet.  If you're selling a home, then buyers should be able to find your home on the internet.  If you're buying a home, then the resources to find the home that fits your search criteria should be available at your fingertips.  Exposure is key, and the internet is HUGE when it comes to that in real estate right now.

So make sure the agent that you decide to work with not only knows the real estate process, but also is online and accessible from the palm of your hand too.

For more info on what you need regarding buying or selling, feel free to contact me.


Friday, August 20, 2010

Protecting Your Family And Your Home

Once I became a mom, I found myself reflecting back on my childhood and upbringing. I was one of the fortunate ones to be raised by both parents and grow up in a loving home.

I remember having sleepovers with my cousins. I remember our weekend trips to Fedco in Cerritos and then having a Western Bacon Cheeseburger afterwards with my family at Carl's Jr. across the street. I remember closing my bedroom door the moment I came home from high school so that I could talk on the phone to my friends that I just saw at school an hour before.

I also remember when my grandmother passed away. I remember when my aunt had a stroke and (to this day) has very little control of her left side. I remember crying when I saw my dad writhing in pain from kidney stones on new year's eve.

As a parent now, time seems to be going by much faster as I watch my own child grow right before my eyes.  My husband swears that he can tell that our son grew overnight at times. And when I look at my little boy, I want nothing more than the absolute best for him.

I also see how important my parents are in my son's life too. And I also see how much more fragile my parents are becoming.

Age is something we can't fight. I can feel it in my own achy bones now. While I'm not necessarily afraid of getting older at the moment, I do worry that, if something were to happen to me, what would become of the rest of my family? Who's going to care for my child, pay the bills, and deal with any debt that I may have at that time?

Fortunately my parents are very well-prepared about things like that. They have their affairs taken care of. I knew early on in my adult life about how to protect myself.

But I've also met a lot of families where that's not the case. Nowadays I hear a lot about how many of our own parents are not prepared for 'the worst.' I know it's a morbid discussion, but I know of people who had to deal with the death of a parent and end up losing the family home or business because the legal paperwork wasn't set up. And on top of that, you get taxed by Uncle Sam.

When it comes to real estate, things can get pretty complicated if one or more of the owners passes away. There are legal issues to deal with. There are property tax issues to deal with. Whether you decide to keep or sell the family home, the discussion is much different from that of a young couple wanting to upgrade to a bigger home.

There's also a very emotional component to it too. It's not easy for you to clean out the home of a loved one who has passed on. Rehabbing the home to make it more appealing to buyers can be tough too, since it means changing the home that you were so used to seeing. Those dark, lacy drapes that your mom made herself may have to go. The purple flowered wallpaper may have to come down. That outdated chandelier may need to be replaced.

So what should you do to protect yourself and your family?

Speaking from my own experience only, I would consider talking with an attorney who can help you create a living trust and pour-over will. I would consider talking with a financial planner and/or a life insurance agent who can help preserve your assets.  And if real property is involved, the collaboration of an attorney, Realtor, and financial advisor would help bring you greater peace of mind.

For more information on this topic, feel free to contact me.



(Please note that I am NOT an attorney or actively practicing in giving tax advice.  Such info noted above is based on my own personal experience and opinions and NOT to be considered legal or tax advice.)

Thursday, August 19, 2010

Orange County Highlight: The Irvine Spectrum

As a mom living in Orange County, I like to keep my eyes and ears open for places to go with my son that allow me to also enjoy this beautiful Southern California weather.

One place I'd like to highlight: The Irvine Spectrum.

I remember back in the '90's when it consisted only of a row of stores and a few restaurants.  I think the movie theater was there too at the time.  Then it kept growing.  And growing.  And then they added the ferris wheel.  And then they added department stores.  And then they added (my favorite) Target.  And one of the best parts about it: they added a parking structure!

If you've never been to the Irvine Spectrum, I highly suggest you make your way out to Irvine to check it out, daytime or nighttime.  It's a beautiful, posh outdoor mall with plenty restaurants, clothing stores, specialty stores, rides (even a little train that kids can ride in), water fountains, a food court, and live music.  It's especially nice during the summer.  I like going there to push my son around in his stroller while window shopping and listening to a young guitarist playing in the courtyard.  Top it off with a funnel cake or, one of my faves, a crepe from the Crepemaker shop (which they specially make to hold in your hand to eat), and I'm golden.

Here's the official website:  http://www.shopirvinespectrumcenter.com/

And coming from a Realtor perspective, you can bet that the Irvine Spectrum is one strong factor that attracts a lot of people to live in Irvine and surrounding areas.  It allows people to live near a fun place for the whole family while getting a top-notch education in the Irvine Unified School District, among other great amenities.

For more info on Irvine and other surrounding areas of Orange County, feel free to contact me.

Wednesday, August 18, 2010

Update on Ainsley Park at Columbus Grove in Tustin

On one of my regular walks around Columbus Grove earlier this week (before this heat wave came about!), I took some more video of the progress being made on new construction for Ainsley Park happening in Columbus Grove on the Tustin side.

Here are a series of 6 short videos taken on Monday, 8/16/10 around 10:00am of the construction site where the Ainsley Park homes are being built within the neighborhood.

Ainsley Park will include 4 different floorplans for two-story paired homes ranging from 1,659 sq ft up to 2,364 sq ft.  Prices are still TBD.

Columbus Grove is part of the Tustin Legacy project on the former Marine base in the city of Tustin.  Columbus Grove straddles both Tustin and Irvine but are part of the same HOA.

For more info on Ainsley Park, Columbus Grove, the Villages of Columbus (which include Columbus Grove and Columbus Square), Tustin Field, or OC real estate in general, feel free to contact me.











Friday, August 13, 2010

More Options For Homeowners

In continuation of our video series, here are two more videos regarding options for homeowners who have or may have to miss their mortgage payments.

You've probably heard of this one: loan modification.  But do you know of anyone who's actually been successful and happy with their loan mod?  This video talks more about the process and things to look out for.

And there is good news:  I do know of a person who just got a loan modification after working on it for over a year.  He did it directly with his lender after he and I talked about it and found a way to route his request to the right person at his lender (it's good to know people on the "inside"!).  While he is happy with the current outcome, his expectation was to lower his monthly payments.  Now if you're looking to reduce your principal, make sure you check out this video for more discussion on that:



And here's another option that most people seem to know about already: short sale.  But is a short sale right for you?  Watch this video and see if this resonates with you:



There are still more options that you may have beyond a loan modification or a short sale.  Look out for our next videos for more info.

If you'd like to confidentially discuss your current situation and find out what your options may be, feel free to contact me.

Thursday, August 12, 2010

What To Do If You've Fallen Behind On Your Mortgage Payments

Over the past couple of years, I've encountered several homeowners who have asked me what to do about their homes when mortgage payments became too overwhelming.  The more popular "solutions" out there include loan modifications, short sales, or foreclosure.  However, there are actually more options out there for you.  In addition, the "right one" will vary depending on your specific situation.

To address some of these questions about what to do with your property when you start falling behind on mortgage payments, I've teamed up with another broker in my office, Michelle Risser, to bring to you a series of videos that will shed some light on the the different options out there for you.

So sit back, relax, and enjoy!  (FYI: the sound quality is a bit low, so please turn up your speakers, get into a quiet setting, and soak it all in.)

Here's the introductory video:



Ever heard of forebearance?  Check this one out:



Stay tuned for more videos that discuss some more options that you may have.

For more info, feel free to contact me.  No pressure, no hassle, no obligation -- just a good conversation to see how best we can help.

Wednesday, August 4, 2010

Creating A Real Estate Vision

I come across a lot of potential homebuyers who often tell me, "I'd like to buy a home maybe some time next year."  I often hear the same sentiment come from sellers who are thinking about selling, "Hopefully when the market gets better next year perhaps.  Let's just wait and see."

Sure, there are some really valid reasons for waiting.  People have to save up money to buy a home.  Kids would be better off to finish the school year in the same school.  Moving right now may logistically be too difficult.

But there are some people who are waiting out of fear.  They fear the unknown, which paralyzes them from moving forward.  They are worried that the real estate market either hasn't bottomed out yet (for buyers) or is set to move higher soon (for sellers).  They don't know what the process entails and are scared to commit to anything or any one agent right now.

I get it, because I personally go through this as well with other things...like when trying to figure out whether I should buy the iPhone4.  Are there any bugs in it that still need to be fixed?  Will a better phone come along in the meantime?  Do I REALLY need this phone?  And don't get me started on the internal discussion I have about the iPad...

Anyway, the point is that fear can hold us back from taking action.  Sometimes the result may be that no action should be taken at all right now, and that's fine.  But until we get clear on that, we still will be wishing to buy or sell a home and get frustrated as more time passes by.

So here's one way to combat all that: create a real estate vision.

This exercise is simple but powerful.  Just set aside 10-15 minutes to write a letter to someone that you know and care about, sharing with them all the wonderful things that have happened to you in the past 18 months.  But instead of writing it as of today, write it as of it was18 months into the future.  Refer to events in the past tense for things that you envision to happen to you.

Here's an example:

"Dear Kobe,

I absolutely can't believe how wonderful life is for me right now!  I was able to improve my credit score by 100 points and buy a beautiful house in Irvine.  This house has everything I love: high ceilings, granite countertops, spacious bedrooms, a nice and private backyard, an open floorplan, and a huge garage.  We were able to decorate it just in time for the holidays this year, and we all had such a fantastic time together.  My commute to work is minimal now, which allows me to get home sooner after work to spend some quality time with my kids."

Try it yourself now.  It doesn't have to be grammatically correct.  Just write it all down and see what happens.  How do you feel now?

Cover your real estate dreams in there.  Talk about what you envision for your family.  Describe the things you would own, the experiences that you'd have, the people who you'd impact, the charity work that you may have done.  Be open to the possibilities of what your life can be like...then put it in writing.

Once you complete this exercise, print out a copy for you to read right after you wake up every morning and right before you go to bed at night.  Read it out loud if you can.  Then watch how your "story" unfolds over time.  Of course you'll have to take steps to achieve whatever you wrote down -- if you write down that you win the lottery but never buy a lottery ticket, your vision may not happen for you, at least not the way you've written it.  But once you read your vision in the morning, you'll be more likely to buy that lottery ticket.  Or perhaps something else will show up in your life that will be equally as good or better.

So if you're just thinking about buying or selling a home right now, why not add it to your vision letter and see what happens.

For more info on buying or selling a home in the Orange County area, please feel free to contact me.

Tuesday, August 3, 2010

Welcome to Ainsley Park in Columbus Grove in Tustin

Here are a series of videos of the early construction stages of Ainsley Park in Columbus Grove in Tustin.

Part 1 of 8:



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Part 8 of 8:




For more info on Ainsley Park, Columbus Grove, and other properties in Tustin or Orange County in general, feel free to contact me.