August 2011

Found 24 blog entries for August 2011.

short_sale_800I am truly excited that the banks are beginning to see that a short sale in many cases is a good alternative to foreclosing on a property. It makes more sense to sell the property at a higher price. At the same time, the banks are creating less vacant REOs (foreclosures owned by banks) which have blighted neighborhoods and negatively impacted  surrounding house values for the last several years

It is also satisfying that so many of my fellow real estate professionals are taking the time to get properly trained to facilitate these transactions to a successful closing.

Today I want to address the impact it has on the families living in these homes. They have found themselves in over their heads. In many cases, they can’t afford the mortgage

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Absolutely beautiful standard sale in the Gated Alturas community!  Ground-level end unit with a nice backyard which includes a gorgeous slate patio, planter beds, and extensive lawn area with carefree synthetic grass. Gorgeous deep wood tone Shaw flooring throughout living room, dining room and hallways. Cozy fireplace and convenient media niche in open living room. New, neutral carpeting to both bedrooms. Entire unit freshly painted in exquisite tones. Excellant master suite with direct access to fabulous back yard, plus large walk-in closet and dual sinks in immaculate master bathroom. New appliances include stainless steel dishwasher. Direct garage access to extra deep garage and full sized driveway. Community pool,spa,gym and playground. 

More

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Impeccable home within Yorba Linda's most sought after neighborhoods. Light, bright, open floor plan with new paint and carpet throughout. Situated on a large private lot in central Yorba Linda. Large master bedroom suite features wood floors and a private balcony. Within the new Yorba Linda High School boundary and no Mello Roos or HOA

More info and pictures: 3975 San Antonio, Yorba Linda

Active Yorba Linda listings: Yorba Linda Real Estate

Left-Click on photo to enlarge Left-Click on photo to enlarge

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mindset_1024Now more than ever, having the proper “Short Sale Mindset” is a key ingredient to a successful short sale transaction. In order to have the proper” Short Sale Mindset” we need to ask ourselves:

What are the parties involved thinking?

During our nationwide educational seminars regarding the short sale process, we have found the following mindsets to permeate the industry:

  • Listing Agents- The short sale process is too lengthy. It is impossible to deal with the short selling banks.
  • Buyers- The short sale process takes too long. We want an answer from the short selling bank ASAP. Why should I wait to purchase a short sale when I can purchase a non- distressed asset?
  • Sellers- What is the point?  I am just going to let the bank foreclose.
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Beautifully Remodeled Pool Home features gorgeous Kitchen w/Maple Custom Cabinets & Granite Counters. Excellent Floor Plan enhanced by Plantation Shutters, Textured Ceilings, Dual Pane Windows, Wood Flooring & Tile Flooring. Entry leads to Living Room with Cathedral Ceiling & Fireplace. Adjacent is a large Formal Dining Room. Fabulous Kitchen opens to Informal Dining & Family Room. All Bedrooms are roomy and 1 Bedroom is Down. Beautiful wood staircase leads to 3 Bedrooms up. Master Suite includes 2 Walk-in Closets & Remodeled Bath w/Separate Shower & Soaking Tub. The entire back of the home has a View of Trees & the very Private Backyard. Recently added Solar system heats Pool & Spa. Cozy Back Patio for relaxing or entertaining. Award winning El Dorado

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Granada Park Townhome in Placentia!4 Bedrooms (1 Downstairs) 3 Full Baths over 2000+ Square Feet in a safe, gated community for $450,000.  No other community in the area boasts location, 2 tennis courts, Olympic-sized pool, and free Cable TV. This Plan 4 Valencia model boasts a wide open flowing floor plan with high-rise ceilings and good-sized yard. Granite countertops in kitchen, huge master suite, formal dining area, hardwood flooring upstairs, recessed lighting, this home is in excellent condition!

For more photos and info:  519 Valley Forge Dr

Available Placentia Homes:  Placentia Real Estate

519 Valley Forge Dr Placentia Left-519 Valley Forge Dr Placentia

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6 Bedroom or 5+ office with beautiful open floor plan & views to hills or of city lights. Great curb appeal with double door entry and lots on windows for natural light. Down stairs offers a bedroom with attached bath, formal living and dining, family room with fireplace and spacious eat-in kitchen. Premium lot with view of Disneyland's fireworks from the Master Suite. Upgraded panel doors, windows, granite kitchen and ceramic tile. 3 car garage, indoor laundry, community pool, spa & tennis courts.

To see more info and pictures: 770 Woodcrest Ave

To see all Active Brea listings: Brea Real Estate

770 WoodcrestBrea Real Estate

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tax-credit_424Estate Planning is a boring topic. However, there are few issues more misunderstood that have such tremendous impact on families and the legacy they leave behind. Many people don’t realize that when adding a home to their assets, being a “paper” millionaire isn’t as farfetched as it seems when living paycheck-to-paycheck.

 

The federal estate tax exemption has been extended for two years (2011 & 2012). The extension also increased the amount to $5 million ($10 million for couples) and the tax rate has been lowered to 35%. This means that you can leave $5 million to your heirs free of federal estate tax and that most married couples can leave up to $10 million free of federal estate tax.

 

For gift tax, the new law changed from the $1 million

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Nestled down a long private drivway,your palatial estate awaits. Enjoy unobstructed panoramic views from the mountains to the ocean, watch disneyland and angel stadium fireworks custom backyard fireplace and fire pit. This Kerrigan Ranch home boasts 5,684 square feet of luxury, 5 bedrooms and 5.5 baths. Oversized lot over one acre.. 64,033 square feet and easily accessible to the many horseback riding trails which criss-cross throughout the city. Located in new Yorba Linda high school district. Dramatic custom hardwood floors with mosaic inserts and travertine. Interior professionally upgraded, including wainscot and crown moldings throughout the home. Elegant formal living room with custom large fireplace, music/reception room, billiard room and ground

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