The Real Estate Market will also have it’s own BLACK FRIDAY

The Real Estate Market will also have it’s own BLACK FRIDAY  black friday 1

According to

Usually sellers are doubtful that the end of the year will be the best time to sell, since most people are busy with Thanksgiving, Christmas, Hannukah and bad weather. However, due to the end of the year and a rush for tax purposes, etc… homes have been selling and closing more quickly.

More serious buyers will look at the end of the year as they believe it is an opportune time. This makes it an ideal time for sellers to put their home on the market.

Buyers may take a last minute look at their tax status and want to write off points, interest, property taxes and all non recuring closing cost this year. Some buyers face a capital gains tax and want to offset with another purchase required within 180 days.

With rates so low and holding, there are lots of opportunities to buy your dream home this year.

Contact us for any assistance you may need  949-400-1021

Million-Dollar Home Sales Are on the Rise


Million-Dollar  Home Sales Are on the Rise

Based on an article in the Daily RE News, the wealthy are now buying million-dollar homes again, as sales of homes priced at $1 million or more climb while lower-priced properties are taking longer on the market to sell.

Homes that sold for $1 million or more rose by 8 percent this year, while homes at every other price point dropped by 4 percent, according to National Association of REALTORS® research.

Million-dollar homes climbed out of the Great Recession much faster than those at other price points. Homes in the Million plus bracket fell in 2008 as did the rest of the market but in the last 2 years have almost reached the 2007 peak levels, according to CoreLogic.

Currently there are lenders who will loan upto $1.5 million with only a 10% down, with great rates and with NO PMI.  That is a big help for professionals with great income, great FICO scores and less than the normal 20% down payment.

“The opportunities for wealthier borrowers are now better than they’ve been in a decade as far as rates and terms.”

A Quote that may make you buy a home in the next year

“Given the appreciation of the dollar and the deflationary pressure coming out of Europe and Asia, I think it’s going to cause the Fed to wait longer before they start taking action,” he said. “We’ve always believed this was going to be a fourth quarter 2015 event. I think we may be looking at something in 2016, and you can’t rule out the possibility that we could get pushed out even father.”

Noone knows that the future will bring but all looks hopeful and you will never lose if you stay in Real Estateinterest rates dropping

New Social Security changes for 2015

SS card“Social Security recipients will receive 1.7 percent bigger checks in 2015, the Social Security Administration announced last week. And some groups of workers will begin receiving benefit statements in the mail with a list of taxes paid and an estimate of their future retirement benefit. Here’s a look at the new Social Security benefits, taxes and services workers and retirees will experience in 2015:

Bigger payments. The 1.7 percent cost-of-living adjustment is expected to result in the typical retiree getting about $22 more per month. This change will increase the average monthly benefit for retired workers in January 2015 from $1,306 before the cost-of-living adjustment to $1,328 after. The average benefit for retired couples who are both receiving benefits is projected to increase by $36 to $2,176 per month.

Social Security payments are automatically adjusted each year to keep up with inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers. Previous cost-of-living adjustments have ranged from zero in 2010 and 2011 to 14.3 percent in 1980. The 1.7 percent increase retirees will receive in January is similar to the 1.5 percent adjustment for 2014 and 1.7 percent increase in 2013.

Higher tax cap. Most workers pay 6.2 percent of every paycheck into the Social Security system until their earnings exceed the tax cap. The maximum taxable earnings will increase next year from $117,000 in 2014 to $118,500 in 2015. About 10 million of the 168 million workers who pay into Social Security are expected to face higher taxes as a result of this change. People who earn more than the taxable maximum do not pay Social Security taxes on that amount or have those earnings factored into their future Social Security payments.

Larger earnings limits. Social Security beneficiaries who are under age 66 can earn as much as $15,720 in 2015, before $1 in benefits will be withheld for every $2 earned above the limit. Retirees who will turn 66 in 2015 and have signed up for Social Security can earn up to $41,880 before every $3 earned above the limit will result in one benefit dollar being withheld. However, once a retiree turns age 66 there is no limit on earnings and Social Security payments are recalculated to give the retiree credit for the withheld benefits.

Your statement might be in the mail. If you will turn age 25, 30, 35, 40, 45, 50, 55 or 60 next year and don’t have a Social Security online account, you can expect to receive a paper Social Security statement that lists your earnings history, taxes paid and expected benefit about 3 months before your birthday. And after age 60 workers will receive a statement annually. The SSA expects to send nearly 48 million Social Security statements each year. These mailings, which were sent annually to all workers age 25 and older between 1999 and 2011, were suspended in April 2011 to save money. Statements are also available online at any time via, and 14 million people have created personalized accounts using this service.

The maximum benefit increases. The maximum possible Social Security payment for a worker who signs up at full retirement age will be $2,663 per month in 2015, up $21 from $2,642 in 2014”

Know your benefits and plan ahead and if you are in your 20’s and 30’s start an IRA or join 401K, don’t plan on SSA being there

The Scales have tipped to a buyer’s market

The scales have tipped to a buyer’s market

With houses staying on the market in Orange County an average of 10 days longer in July 2014 than in July 2013, more housing inventory to choose from, and an increase in the number of sellers dropping prices, buyers should assume that every house has a motivated seller behind it.
If you’re in the market for a new home, here are some ways to leverage the buyer’s market to your advantage:

Don’t be shy
Ask the seller to pay the first year of HOA fees, ask that the carpet or wood floors be replaced or professionally cleaned, ask for the landscaping to be updated… even ask for the luxurious pieces of furniture you’d like to have. The WORST they can say is no. You might end up getting more than you thought possible. Simply TRY asking for it since many sellers are ready to negotiate in order to get under contract.

Name your price
When you see the sales comps of surrounding homes, don’t be afraid to throw out an offer that’s below the average. Now, don’t have the false hope actually getting the home at this price. Instead, use your low offer as a tool to gauge the seller’s motivation. Again…the worst they can say is no.

Partner with your loan officer
If you’re going to be taken seriously by the seller, you need to have your ducks in a row before even looking at the home. With mortgage rates at one-year lows, it’s a GREAT time to buy. Especially when you can maximize the benefits of a buyer’s market.

Start by working with your loan officer to determine how much home you can afford and what types of loan programs are best for you. Then make sure you have your letter of pre-approval in hand. A seller is much more likely to lend an open mind to negotiations and requests from a well-prepared, serious buyer than one who is not.

Contact us and we will introduce you to a great lender www/

Homes Sales up due to Job Market & RE Inventory

housing inventory


Home Sales up due to Job Market and RE inventory

According to the  Association of REALTORS®   Sales of homes have risen for the 4th month in a row. Smaller price increases, lower interest rates and rising apartment rents.

The Job Market has gotten better, and even though there have been claims of housing affordability declining, Homes used to sell for $325,000 at 10% and you can still get the same home for about $650,000 to $700,000 at 4.125% so where is the loss of affordability.

There are loans available for 5% down conventional, and if you are moving or moving up in the next 5,7 or 10 years you can bet an even better interest rate. Some buyers want to pay off they home in 7-10 years so they use this to keep their interest rates down and pay the Principal off much quicker to become debt free, which is what Dave Ramsey Preaches.

Distressed homes have dropped from 15-9% which is a big fall from October 2008s tracking. In 2009 35% of all sales were distressed home sales and now it is down to 9%. We are moving in the right direction.

Homes here is the West have risen 2.6% with a 6.3% medium price increase. Don’t forget we are talking about the West, Orange County is much better.

For a knowledgeable agent who will get the job done, contact 949-400-3099