Category: Real Estate

30
Apr

How to Make Money Flipping Homes

There is a lot of money waiting to be made in flipping homes. You can go from 0 to 100 in a matter of days. All you need to have is the power of persuasion. But it comes with a lot of other different factors that you need to consider and capitalize on in a very short time. So, your main goal is to first look for a distressed seller, then to find a desperate cash buyer who will ensure that the deal comes to a quick close and you make your profit out of it all. You only need to be persuasive and convincing enough to catch the buyer’s attention and interest in the seller’s home. So, all this starts with finding the right buyer.

1. Identify the right markets

You need to ensure that you know the right markets. Finding the hottest markets in the real estate business at all times will be your first step towards finding out where the relevant buyers are putting their cash. But at the end of the day, knowing the right market for the buyers could be what separates you from heading home with a big check to the bank or empty-handed.

2. Identify the right location

You also need to identify the right location. A home at the right place means where you are not only going to buy the home at the best possible price, but where the relevant buyer is going to be willing to buy the house from you at your stipulated price.

3. Identify the right property

Scour the internet, the MLS and everything you can, through the real estate channels and find the right property. Look for the vacant and distressed homes that are about to fall into repossession or on short sales and make your move. All you need to do is start from somewhere and keep searching until you get the right property. Ask around from your neighbors, and even the real estate agents and keep an eye out for anything that may interest you. You may catch a lucky break.

4. Identify the right buyers

This is the point where you need to line up your buyers and here is where you can even categorize them from the relevant buyers to regular buyers. The relevant buyers are the buyers who have a higher chance of making any purchase. Do your magic and see which one of your buyers pan out. Here is where you start making some crazy money.

5. Identify the right sellers

This point might be a bit tricky since finding a vacant house may sometimes not be as simple as you might think. You may end up doing a lot of searching, digging through the web, and asking a lot of questions here and there and still end up short of finding any vacant home. But even if you do, you still need to come to some sweet deal with the home seller and agree on an amount that beneficial to both parties; especially you.

Do you have a question about flipping homes? Click here to talk to the experts at Stacy and Nicole today!

13
Apr

Pros and Cons of All-Cash Offers

It is without a doubt that you will have no trouble finding the perfect home if you have an all-cash offer up your sleeves. Even home sellers will be planning sweet deals to offer you if you pass by their homes as this usually means that you have the cash to seal the deal and purchase their homes.

Typically, all-cash home buyers have close to all the advantages over the home buyers with mortgages simply because the there is usually no guarantee that the home buyers with mortgages will get you the balance. A lot of obstacles can end up getting in the way and even interfere with regular monthly mortgage payments. The best thing about an all-cash home buyer is that all these doubts and inconveniences are squashed; it is similar to a no-strings-attached deal.

All-cash deals are usually quite common; it’s not only seen among the super-rich within the community nowadays. When you dig a little deeper, you will notice that a good portion of this 29% is not among the wealthy.

But you need to keep in mind that an all-cash move is not always the best move for every occasion. This article will help you determine whether you should go for an all-cash deal or opt for a mortgage route instead.

Should you go for an all-cash sale?

Here is one simple fact to everyone reading this. Just because you have the cash and know you can afford to purchase the property doesn’t mean that it is always the best way to go. Making an all-cash deal comes with its merits as well as demerits that you need to peek into before you stash a significant amount of your cash into that brand new expensive home.

The pros of going for an all-cash offer

  • Tough sales markets – You may want to make an all-cash offer when you realize that a bidding war is going on for that new home or condo that you want to buy. An all-cash offer will help you cut through the competition like a knife through butter.
  • Strong negotiation stance – An all-cash offer will also give you an added advantage over the negotiation stance for the home that you plan to purchase. You will be able to force the home sellers to drop from their initial asking price to an amount that can suit you.

Faster processes

All-cash offers will also make the whole process of purchasing and acquiring a new home faster compared to applying for a mortgage. This deal comes with less paperwork and almost no delays at all.

The cons of going for an all-cash offer

  • You will put a lot of money into one asset when you can diversify and use it in other things.
  • Your liquidity can also be drastically limited if you go for an all-cash deal.
  • You will also miss out on significant tax deductions like a tax break, which homeowners with mortgages get.
  • You may even stand a chance of investing your money better elsewhere, maybe a business.

Do you have a question about all-cash offers? Click here to contact the experts at Stacy and Nicole today!

 

22
Mar

Should You and Your Spouse Buy a Home Before Getting Married?

One of the many things that spouses find difficult is deciding to buy a house before or after they get married. You need to give this a significant amount of thought before you make a decision. Be cautious when dealing with matters like these. Take appropriate measures to protect yourself and your spouse during and after you purchase of your new home.

Below are some key pointers you and your spouse need to take into consideration before you decide to buy that new dream home.

1. Current finances

You should sit down with your partner and discuss your financial situation. Make sure your spouse can keep up with the future house payments. You and your spouse need to discuss matters concerning debt, income, current credit score, as well as other financial obligations. After all, you will need all of this information while attempting to get that mortgage.

2. Credit scores

The credit scores of both you and your partner are vital if you and your spouse intend to get a mortgage. If you wish to get that great mortgage rate, then you need to start working on raising your credit scores. You must know both of your credit scores before you even attempt to buy a new home. With improved credit scores, you and your spouse will be able to save thousands of dollars for the span that you have taken the loan.

3. Future finances

As a spouse, you will soon come to realize that money problems are the leading problem in relationships, whether you are married or unmarried. It would be best if both you and your spouse lay down a contract that will explain who will pay for what and how much. Some of the things you can consider when planning to buy that new home are down payment, mortgage payments, fees, maintenance, and upgrades.

4 .The kind of home you intend to buy

It is vital that you and your spouse are on the same page when it comes to buying a new home. Discuss with each other what you want and agree on the best home that both of you love and want to live in.

5. Opening a joint bank account

You may consider opening a joint bank account with your spouse if you are planning to buy a new home together. This way, you can always use this account to pay your bills that involve the new house.

6. Title options

There are a couple of title arrangements that you can choose from. These include joint tenancy with the rights of survivorship and sole ownership.

7. What if it doesn’t work out?

You will not want to plan for failure with your spouse. For this reason, you need to consider all the factors that will make your plan to buy a new home a success.

8. Get a legally binding agreement

The title agreement might be legally binding, but any other decision that you make together that concern finances are not, so take caution.

Do you have a question about home buying with your spouse? Click here to contact Stacy and Nicole today!

15
Mar

Why You Should Hire a Real Estate Pro to Help You Buy a Home

Everyone knows that it is no joyride when trying to own a home. Before you manage to become a homeowner, you will have gone through some unexpected bumps and detours along the way. It is for this reason that you may find it relieving to hire a real estate pro who will guide you through the whole process.

An experienced agent will help you with so much more information in comparison to mobile applications and real estate websites. Here are some pointers on how a real estate pro can be of assistance to you in your quest to own a home.

1. Guidance

Your real estate pro will always take the time to learn about what you prefer, your budget and motivation, and your wants and needs. The agent will use this information to narrow down your home searches.

2. Education

Your real estate agent will also provide you with the relevant information about the local home market near you and also help you compare their sales. The agent should be able to explain all the areas that you do not fully understand.

3. Networking

An agent who knows how to do his or her job will always be one step ahead of the market and stay updated about any homes that may be available for sale around your target neighborhoods.

4. Advocate

You should know that it is always the best option to look for an agent who will be looking out for your own best interest when it comes to looking for a new home. Find an agent who will strive to make sure you are protected and that any transactions you do will be within all the legal boundaries.

It is not always a good idea to assume that you can always go straight to the listing agent and end up getting a lower price for your new home. Work with an agent who will dedicate his or her time to you and your cause.

5. Negotiation

Don’t worry about negotiating when you have an agent. All you need to do is some follow up on how the negotiation goes. Your agent will handle everything when it comes to dealing with negotiations of your new home.

6. Manage minutia

You will most likely end up being overly exhausted while trying to follow up on all the paperwork that comes with real estate transactions. Here is where your agent comes in. You may fail to check a box or even forget to have a clause initialized. These can cause the need to have your documents re-submitted. A real estate pro makes all of this easier by following up on all these steps.

7. Look out

There are dozens of situations that can end up cutting a deal short, even as it edges towards being sealed. Anything can happen; maybe the house’s title isn’t that clear, or even the lender is failing to meet the financial deadline or any other factor. Your real estate pro will realize any problems that may arise with the home or with the contract and warn you before it is too late.

Do you have a question about buying a home? Click here to contact Stacy and Nicole today!

28
Feb

Best Elementary Schools in Orange County

When it comes to education, every parent wants the best learning institution for their children. Picking an elementary school can be very challenging, especially to parents who are taking their child to school for the first time. The best elementary schools in Orange County help students grow by taking the obstacles and turning them into opportunities. Students are also given opportunities to flex and innovate their creativity.

Orange County’s top elementary schools view obstacles as opportunities, as reasons to innovate and flex their creativity. This was after a detailed assessment of 371 elementary schools. The schools were graded and assessed on many determinants important in the education sector: diversity, academics and fitness. Six elementary schools got gold medals, six got silver and 10 elementary schools received bronze in the yearly report.

This year the Irvine’s Stonegate Elementary School took 1st place. An impressive improvement from being 14th place last year. This comes one year after the school received a federal recognition and got the Blue Ribbon Award. According to the staff, the school is always exploring new teaching methods, which include adapting to new technologies and holding yoga sessions. The campus leaders were also to the challenge this year, more readily, something that is widespread among the top 10 elementary schools.

The best Orange County elementary schools embrace the idea that top schools should not be afraid of innovation when it comes to improving their teaching methods. The schools also carry most of their projects by encouraging parents’ involvements.

In the hall of fame, the following elementary schools made their first entry:

Stonegate Elementary took 1st place. The school embraces and implements the latest tech and old school discipline. IPads and yoga coexisting in the school system in harmony are used to inspire students and enhance their focus.

Rossmoor Elementary was placed 6th. The school cultivates the parent-teacher partnerships in a very unique way. Efforts are leveraged so that students can be provided with weekly inspirational gatherings while teachers have more time to enhance a deeper collaboration with their students.

Below are the returning winners in the hall of fame:

Ethan B. Allen Elementary School was placed 2nd. The school was 1st place in 2012. The system used by the school encourages students to show their reasoning behind the presented work assigned. Additional science and cultural education are also provided. Parents are allowed to navigate in the school education system.

Jack L. Weaver Elementary School took 3rd place. The school had been an empty campus that was slated for sale. It was purchased by Weaver and reopened into a magnet style elementary school. Since then its performance has rocketed the education charts. The school is a six time winner on the list.

Stone Creek Elementary School came in at 4th place. The school leaders played an important role in the excellent performance of the school by reexamining the academic performance of the English learners. This was done through a targeting education program to be more effective, hence an improved performance.

Do you have a question about home buying? Click here to contact Stacy and Nicole today!

 

15
Feb

3 Ways to Get Acquainted with Your Neighborhood

Relocating to a new town or community can have its challenges. New people, new environment, new cultures and definitely a new community. Some of us will take years to finally fit into the community, bearing in mind some of us find meeting new people a little intimidating.

Below are a few pointers that you can use to enhance the adaptation process to your new neighborhood.

1. Making the first move

It’s a widespread culture for neighbors to make the first move in approaching someone who has just moved into the neighborhood. What if you change the rules and make the first move? Approach your next door neighbor, then introducing yourself. It’s that simple. It might be that your neighbor was also hesitant to come and approach you in fear of disturbing you and your family. When making the first move, pick a time when your neighbor is not busy or rushing somewhere. A simple hello or wave can be the starting line of a conversation. Since you are new, you have many inquiries about the neighborhood community services (like garbage collection, local stores, and local repair services). All these are good topics to talk about with your neighbor.

2. Making yourself approachable

Being in a new environment, many might find it comforting to sit in the house rather than take a stroll. Well, that is a seclusion tactic that won’t help a lot if you want to get used to your neighborhood. Create time to make yourself available and approachable to the other members of your community. Occasionally sit on your front porch or take a stroll down the block. When coming home from work, don’t wear your usual grumpy face. If you are dining at a local restaurant pick a seat at the bar, rather than the corner seat at dinner. Communal seating encourages conversation. If you have kids, when dropping them at school, chat with some of the other parents before driving off. Also, use the weekends to take your kids to the local playground parks. Social interaction with your neighbors will require you to keep your face away from the phone: smile, maintain eye contact and greet people with plenty of enthusiasm.

3. Checking out the local spots

As mentioned in #2, local joints are the best place to help you fit into your neighborhood. You will find people whom you share the same social interests with and ones whose kids go to the same school as your own. If you have a dog, then you will meet other dog owners. Within no time you will have a favorite hanging joint and a great hanging out crew. Be accommodating and kind to anyone who approaches you in these local places. Be friendly and play a role in how people will interact with you. While checking out these places, you will also meet social groups and organizations that are community-based like the parent’s committee where your children go to school.

Do you have a question about home buying? Click here to contact Stacy and Nicole today!

 

21
Nov

5 Steps to Break Free of Mortgage Trouble for Good in Northern Orange County

The short sale process could seem intimidating, but getting a handle on the steps can make it a lot less scary. A short sale is where homeowners sell their home for less than they owe on their mortgage. This is often the last resort for people who cannot pay their mortgage and are facing foreclosure.

How does a short sale work? Read the steps involved below:

1. First consider a loan modification
Before you assume that you need to have a short sale, speak to your lender or housing counselor about your current situation. You might be able to get a loan modification and avoid having to sell your property.

The federal Home Affordable Modification Program is a project run by the U.S. Department of Housing and Urban Development and might be a good option. If you are eligible for HAMP, your mortgage company will most likely put you on a trial plan for three months. This will give you time to show that you can make timely payments at a new monthly payment level. If you make it through the three-month trial, you might have a new mortgage payment and avoid moving ahead with a short sale.

If you can’t make it through the trial, the next step would be to move forward with a short sale.

2. Speak to your lender about a short sale
Since a short sale means you are trying to sell your home for less than you owe on your mortgage, your mortgage lender will need to sign off on it. But initially, the lender is going to need proof that the short sale is necessary.

The sellers need to submit a short sale packet. This includes hardship papers that show the bank the seller is currently undergoing financial hardship.

That paperwork might include account information and bank statements, copies of bills, pay stubs, asset disclosures and more.

3. Call a real estate agent
You will need a real estate agent to sell your home. Since short sales are complicated, you will want an agent with experience in the short sale process to handle the deal.

The agent will then assess your financial situation as well as the property’s estimated value to estimate a listing price. Click here to get in touch with Stacy and Nicole to schedule an in-home consultation!

4. Listing your home
This is one step in the short sale process that is like any other home sale. The property in question is listed by your real estate agent, who will search for a buyer and get your home under contract.

When you get an offer from a buyer, it must be submitted to your lender for review. Further negotiations might be required between the buyer’s agent, your agent and the lender until a settlement is reached.

If your lender has approved your short sale under the United States Treasury’s Home Affordable Foreclosure Alternatives program, it will be done in about four months. If you did not qualify for HAFA, the process could take longer.

5. Closing the deal
If your mortgage lender approves your buyer, you will move out and the buyer will move in. The money used to purchase the home will go to your lender and your mortgage debt will be forgiven.You will also walk away with three thousand dollars in moving expenses if you qualified for HAFA. If you did not qualify, you simply walk away without the mortgage debt on your shoulders.

Do you need a real estate professional to sell your home? Contact us here!

25
Mar

Home Staging Advice

Getting ready to sell your home? Spring is a great time to jump into the market, but before you do, make sure to ask yourself- “is my home ready?” It’s very easy to get used to the weird quirks and damages around your house, but to a potential buyer these little things can be turn-offs. Some people make the mistake of thinking they need to do major renovations to their home before putting it on the market, but that is not necessarily true. Take a look at this list of minor quick fixes to help ensure your home is in tip-top shape! Once it’s looking good, Stacy and Nicole can help put your home on the market!

1. Start With the Bathroom
The bathroom is always a good place to start, because usually that is the area where the most changes need to be made. Our bathrooms are typically private areas that not many people see, so we tend to overlook the grimy parts. But here are a few things to avoid when getting your home ready:
• Clean showers with no mold or dirt
• Wipe down the sinks and toilets with Clorox wipes
• Clean off the mirrors
• Avoid clutter

These quick fixes will get your bathroom looking great and desirable in no time.

2. Onto the Kitchen
The kitchen is the area that most people tend to renovate and remodel before putting their home on the market. Although some kitchens might need the extra work and money, it is not always necessary! Here are a few tips when it comes to updating your kitchen. Start with the big changes that will take more work then move on to the little additions.
• If your cabinets look a little old or worn-down try staining them
• Clean out your fridge and give it a good wipe-down (you never know where potential buyers will look)
• Put new knobs or handles on your cabinets and drawers if they are outdated
• Update your appliances (this could turn your kitchen around because buyers loved updated and fresh appliances)
• Fresh flowers and a fruit bowl are always a nice touch

3. Moving into the Bedrooms
It goes without saying that the bedrooms need to be tidied up when taking pictures of the house or getting ready for an open house, however there a few more changes you can make to take your bedrooms one step further.
• Make sure the bedrooms are not covered in personal items (it’s better if the buyers can envision themselves there, not you)
• Make sure the curtains are clean, up-to-date and open for the light to shine in.
• Dust off any dressers, blinds or fans in the room
• Create as many storage opportunities in the bedroom as possible. Clean out your closet and bookcases to show the potential.
• Don’t let the room sway too male or female. Try to keep things on a neutral track.
• Fix any paint-touch ups or holes in the wall
• Make sure all the lights/fixtures are in tact and shining bright.

4. Curb Appeal is Very Important!
Curb appeal is a big term amongst real estate agents and sellers. Curb appeal is the first impression potential buyers get from your home, and the most lasting usually! In order to get your curb appeal in check, you must make sure that these few items are ticked off your check list!
• Mow your lawn
• Power wash your windows and driveway
• Plant some flowers
• Fix any paint damages
• Clean the gutters

With these affordable and easy fixes your house will sell in no time! When you’re ready to move forward with the process contact Stacy and Nicole here!

14
Oct

Halloween Activities in Orange County

Halloween happens to be one of our favorite days around here in the office and we are sure, like us y’all are looking for some fun Halloween activities in Orange County. We’ve put a list together of some of our favorites… From the thrill seeker to the faint of heart to the little bitty babies…. You’re sure to find something that will make your Halloween special!

scary clown

Knott’s Scary Farm

Buena Park, Ca.

Sept 22nd – Oct. 31 st

7:00 p.m. – 2:00 a.m.

Knott’s professional “scare-masters” transform the old Berry Farm into Knott’s Scary Farm for another year of the world’s first, biggest and most famous theme park Halloween event! Every year all 160-acres of Knott’s Berry Farm are transformed into your worst nightmare with themed mazes, live shows, and scare zones featuring hundreds of free-roaming monsters.

 

Halloween trick-or-treating

Kidz Block Party

Downtown Brea

October 31st

North Orange County’s Largest Free Halloween Alternative Event at Downtown Brea.

Presented by The Cause Community Church featuring face painting, pony rides, games, bounce house, petting zoo,rock climbing wall, raffles, prizes, entertainment and free candy.

 

 

Haunted House

 

Motel 6 Feet Under

Business Expo Center
1960 S Anaheim Way
Anaheim, CA 92805

Are you ready for the SCARIEST haunted house in Orange County!? If you are, then step inside Motel 6 Feet Under – and get lost! This haunted maze is sure to frighten even the most seasoned of Halloween veterans, with state-of-the-art props and animatronics around every corner, a dedicated staff of haunting ghouls and just a touch of magic! What’s better than being scared silly? Supporting a good cause while doing so! Motel 6 Feet Under is a non-profit which benefits the local community, and is partnered with BOO! (Building Occupational Opportunities) which benefits local under-served adults by providing theatrical arts and construction training

 

haunted hallway

 

Haunted Fullerton Walking Towers

September 21 through November 10, 2016 (special tour on Oct 31)
Wednesdays and Thursdays at 6 p.m.

LOCATION:
Meet at Fullerton Museum

RESERVATIONS & INFORMATION:
(714) 738-6545 

Did you know Fullerton is one of the most haunted cities around? Ghosts are lurking at every corner. Take this tour and find out what businesses have pots and pans flying around after hours, what famous deceased Fullertonian makes an “appearance” now and then, enjoy some of Fullerton’s history. These tours are a celebration of local legend while sharing stories of another facet of Fullerton’s history, particularly that of the downtown.

“Ghost hunters” should be prepared to walk approximately 1.5 miles (lasting about 2 ½ hours), and the tours will include climbing stairs. Participants should wear comfortable walking shoes and bring a sense of humor with them. The tour is not recommended for children under 13. $15 for museum members and $18 for the general public. Halloween tour is $20 for museum members and $25 for the general public

baby frankenstien

Children’s Museum Funny Frankensteins

Children’s Museum at La Habra
301 South Euclid Street
La Habra:
INFORMATION:
Please call 562-905-9793 for reservations

Free with paid admission.

Calling all silly ghouls and goblins to make a funny fFrankenstein craft on Halloween Day!

treats

Treats in the Streets Autumn Festival 

Thursday, October 27, 2016
4-7 p.m.

LOCATION:
Old Towne Orange Plaza Area
Chapman Ave. & Glassell

The streets surrounding the Old Towne Plaza are closed off to traffic and Old Towne merchants decorate their shops and local non-profit groups provide delicious food items and tasty treats for a nominal charge. There is tons of games, trick-or-treating, a costume parade and entertainment for all ages! (Please leave pets at home)

 

haunted girl

The 17th Door

LOCATION:
The Market Place in Tustin
2856 El Camino Real
Tustin, CA 92782

Open September 23 – October 31, 2016

The 17th Door, Orange County’s most intense and most terrifying haunted house, returns to The Market Place for its second year! Over a dozen new rooms have been created, including a mini escape room, to take things to a whole new level. This year’s haunt will be larger and longer, featuring over 34 minutes filled with more monsters, more scares, more of what you love and more of what you hate! Behind its 17 doors is an interactive experience more innovative and shocking than anything that’s been tried before.

Tickets on sale now! Buy now before they sell out!

**The 17th Door is designed for mature audiences, preferably 16 years of age and older, and is not recommended for children under the age of 13, as there will be intense thematic material throughout the haunt.

boo

Boo at the Zoo

October 22, 23, 28, 29, 30, 2016
5:30 – 8 pm

This family-friendly costumed extravaganza will bring FUN, SAFE, trick-or-treating in a “Merry not Scary” Zoo atmosphere, with educational animal presentations, storytelling, and entertainment throughout the evening, with a grand finale costume parade!

For the older kids, there’s also “Teen Scream,” a haunted house filled with thrills and chills. This ghoulish attraction has a separate entrance, but is included with the price of admission.

LOCATION:
Santa Ana Zoo
1801 E. Chestnut Ave

INFORMATION:
714-953-8555

Have a fun and safe Halloween everybody!!!!

*Information provided by Orangecounty.net