Investment Property
Investors Beware
Monday, November 2nd, 2009Many savvy investors buy and sell real estate by doing 1031 exchanges. With the decline in real estate prices over the last few years, some investors may think they are selling a property at a loss and therefore do not need to do another 1031 exchange. But before you do anything, be sure and consult a […]
Make It Your Highest and Best Offer
Monday, July 20th, 2009I have had this conversation with several clients recently regarding bank owned listings. When you make an offer, it must be your “highest and best”. While it is understandable that buyers do not want to pay more than they have to for a property, the old days of making a low offer and expecting a seller to counter do […]
Tips on Buying Fixer-Upper Houses
Friday, April 17th, 2009Buying a fixer can be fun and very profitable, but it can also be a financial disaster and very stressful. Here are some tips to keep in mind when you are looking at homes:
Know what you are buying. A “fixer” can mean a lot of different things, from a cosmetic fixer in need of only carpet and […]
Stray From the Herd
Monday, January 19th, 2009In a recent Orange County Register article, “O.C.’s Expert Observers Tell What’s Scary“, REALTOR, Steve Thomas comments on “herd mentality”. This is similar to what Donald Trump refers to as “group think” in his audio book, Why We Want You To Be Rich, co-authored with Robert Kiyosaki. Herd mentality or group think is when people do things […]
The Market Gives Us Another Investment Opportunity
Sunday, January 4th, 2009The steep decline in housing prices has brought investors to the market in full force. Many are buying in the bottom price range of the market. In Orange County that consists of primarily of low to mid-priced condominiums. These homes were hit really hard by the demise of the real estate market. Now we are seeing […]
Should I Buy Now Or Wait for Prices To Go Down More?
Monday, July 7th, 2008Although a lot of people are taking advantage of this buyers’ market, otheres are unsure about buying a house as they are concerned that prices may still be declining. It almost seems as if some people are waiting for prices to go up before they will feel good about buying. However, when prices do go up, some people who are qualified […]
The City of Lake Forest Has GovPopulous
Monday, June 30th, 2008If you have a question for the City of Lake Forest or need to report a problem, go to GovPopulous. This system has proven to be very effective because our City Manager not only reads all inputs but also holds his staff accountable for responding to all of them.
Periodically the City conducts a Resident and Business Satisfaction survey. […]
Buyer states: “I’m waiting for prices to go down”.
Thursday, April 3rd, 2008Price is important. But, please, look at the whole picture! Look at all the factors involved in a real estate purchase.
Yes, the price is really important, but so are the mortgage rates. It is possible for prices to go down further and for rates to go up. In this case, the house payment on a piece of […]
What A Great Investment Opportunity
Monday, March 17th, 2008My sister who lives up in the San Francisco Bay Area called me yesterday. Her oldest son is a junior in high school and they are coming down to Southern California this week to look at colleges. We have so many great universities here that it would be difficult to see them all in a week.
But, […]