Posted by: Anna Child | May 18, 2012

Did you Know?? It’s A GREAT TIME to SELL!

Well, did you? Here’s why. We have the lowest number of homes up for sale in the last five years! Buyers are getting low-interest rates, hovering just under 4%. There are an amazing number of buyers out there and they would love to find a home. If you are thinking of selling your home I hope you don’t miss this opportunity. We are actually seeing bidding wars going on with just about every listing. Most homes for sale right now are getting five offers within the first week of being on the market. Talk to some buyers you know and see what they say. If you do decide to sell, don’t forget to let me know. I have a selling presentation you don’t want to miss; I will show you how I can take care of your sale!

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Posted by: Anna Child | April 12, 2012

Have you heard? You can get a loan that gives you an amount for upgrades to the home you purchase?

The loan is called FHA 203K! Not only can you pay just 3.5% down and borrow for the purchase amount, but you can increase the amount borrowed to cover the upgrades you want to do to the home. So, if you don’t like the existing kitchen, you can borrow the amount to change the kitchen up all in one loan with a very low interest rate. You would need to have a decent credit score to obtain this loan but not a great score. It’s a great way to get a good price on a good home and make the home just how you want it.

As with any purchase that needs a loan, your first step is to speak with your chosen loan officer! Then give me a call! I would love to help you find the home you are looking for!

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Posted by: Anna Child | March 17, 2012

Slice and Dice Event at my new Office! Coldwell Banker Campbell Realtors!

FREE Document Shredding Huntington Beach

The Document Shredding Truck securely shreds documents before your eyes

Document Shredding Event
You are invited to bring your sensitive documents that you want securely shredded. These days you cannot be too careful when it comes to protecting yourself from identity fraud.

“Cintas“, a professional shredding company will load and shred documents for FREE, Right before Your very eyes….

Enjoy Free Pizza Donated by Geneva Capital, and Listen to music provided by Coldwell Banker.

Finally, you can Win Prizes that will be awarded in Raffle Prize Drawings held every 30 minutes. Must be present to win.

Proceeds from the raffle go to the Wounded Warriors Project. If you do not have time to stay for the raffle, you can also support Wounded Warriors with a donation.

When ?
Saturday (Earth Day), April 21, 2012 from 11am to 2pm

Where ?
Coldwell Banker-Campbell Realtors

1720 Pacific Coast Highway, Huntington Beach, CA 92648

(Corner of 18th St and PCH)

This Blog Post is your Invitation, Please bring a printed copy.

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Posted by: Anna Child | February 13, 2012

“Mortgage Forgiveness Debt Relief Act of 2007 (HR 3648).” Has An Expiration Date!

When short sales were an up and coming problem owners who went through a short sale found out that they were still responsible for taxes on the homes sale. The government heard the outcry and came up with the “Mortgage Forgiveness Debt Relief Act”! Unfortunately, the majority of our population is unaware that this act has an expiration date of December 31, 2012! The word this far is that they won’t be reinstating it either.

If you are upside down on your home and can’t get a loan modification it would be in your best financial interest to cut your losses and short sale your house before the end of this year! Please keep in mind that it takes months to sell a short sale (3-6). The sooner you get it sold the better off you will be financially.

Here is an easy to understand explination of the “Mortgage Forgiveness Debgt Relief Act of 2007″ http://www.bills.com/1099-income-from-short-sale/

 

If you know someone who is need of a knowledgeable honest Realtor who they can consult, please give them my contact information! I won’t take them as clients if I can’t truly help them. People who find themselves in this scenario don’t need more stress!

714-398-6913 annachild1@gmail.com Prudential California Realty 5848 Edinger Ave, Huntington Beach, CA

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Posted by: Anna Child | January 11, 2012

US Military Qualify for VA Loans! The best loan around!

It baffles me that there isn’t a good program out there letting our military personnel know that they qualify for VA Loans! It is upsetting to me. If you are in or have been in any branch of our US Military you are eligible for a VA LOAN! VA Loans are a big deal because you don’t need any money down and you get a great interest rate that can be fixed, most times you can even get help with your closing costs!! What better loan can you get? There just isn’t any better loan. It’s a huge THANK YOU for serving our country. Please! If you are interested in owning your own property contact me or a lender of your choice and ask for details. It will be more than worth your time!

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Posted by: Anna Child | December 13, 2011

Buyer’s Preparation

Buyer’s can prepare to buy a house by first getting their finances in order. Make sure you are up to date on your income tax as well as any property tax you may have had or currently have. Check your credit to make sure it is accurate. If anything shows that shouldn’t, take steps to clear it up. You can do this by contacting the company that appears on the report.

Start shopping for a lender. Compare what they offer and the fees you will be charged. Be sure to ask questions! Please double-check your budget! Don’t just see how much you can get in a loan. Make sure you will be comfortable paying that amount each month. You don’t want to be house poor where you have a great house but no money to do anything else with.

Make lists of your must haves in a home and a wish list! When you start looking at homes, don’t be surprised that you will be making tweaks to your list.

Meet with a few Realtors if you don’t already have one. Make sure that they communicate well with you. Communication is a big part of having a good home buying experience. You will be well on your way and prepared to find your new home!

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Posted by: Anna Child | November 12, 2011

Selling Your Home In This Market

The housing market has never been like this before. There are challenges for buyer’s to obtain loans and many aspects to loans and laws are in constant change. Of course you will want to find a Realtor that is keeping up to date on the current climate in this market as well as changing up and keeping with the times for marketing. Every aspect of a Realtor’s job has been tweaked in the last two years and your agent needs to keep up if they are going to represent you well.

There are still equity sales in this market. Although they do unfortunately, have to compete with the short sales and REO (bank owned) sales. Equity sellers can still walk away with a profit. You need to make sure that you don’t put unecessary money into the sale of your home though. This is no longer the age of putting in costly upgrades and expecting your money back out of it. You need to be very careful on what “upgrades” you choose. If it isn’t the kitchen or bath, you may want to rethink it. Upgrades that are mostly personal taste driven should be held off. You most likely won’t get your money back out of it. Kitchen and bath upgrades should be neutral and make the space look fresh. It isn’t necessary to get granite but a nice solid surface that is a neutral color will give you more bang for your buck. Not everyone wants granite or like those different colors and patterns for an example.

Marketing in today’s market has less to do with print and much more to do with websites and phone apps. People like to access the information on your house from the palm of their hand. If they can’t stand in front of your house and find out how much you’re asking and the square footage of your home,  your missing out! A lot of buyer’s use their smart phones to access Redfin or similar app to access this information as well as how to get a hold of your agent for a showing. You have to make sure your agent is up to speed with this technology.

If you are needing to sell but are upside down on your mortgage consulting your trusted Realtor to see if a short sale is a good option for you is a smart move. Please be candid and give that agent all the information pertaining to all liens on your home as it will only help you if the agent has the entire picture upfront. Short sales are getting easier to do although they still require a lot of patients. B of A is vowing to streamline their short sale process and other banks are following in step.

This market is different and can seem scary. It is still a market though and homes are selling.

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Posted by: Anna Child | October 11, 2011

“Bring Us Your Challanges!”

Right now Prudential California Realty has a Nation wide campaign that states “Bring Us Your Challenges!” We mean it. In this market there are more challenges than ever and we are equip to help you through your real estate challenges. Whether you are selling an equity sale or have a notice of default on your property, even when you are upside down on your loan, we can guide you through and make sure you have all the facts to make the decision that is best for you. If you are buying , we can help you negotiate through all the different types of sales and loan options. We really can smooth out rough waters. It doesn’t cost you anything to see what we can do for you and I think you will be surprised.

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Posted by: Anna Child | September 12, 2011

Buying a Short Sale

Let’s start with what a short sale is. It happens when the owner can no longer afford their property and they owe more than the property is currently worth. The mortgage holder will have to take less money than what is owed on the loan for the property (that is where the short comes from).

When buying a short sale you need to know a couple of things. Yes, you can get a pretty good deal. The buying process takes a bit longer than a normal standard sale. The loan holder has to figure out how much the property is worth in the current market and how much money they are willing to lose from the loan that they hold on the property. If there are more than one loan holder involved, it can take longer because they have to coordinate the amounts they are willing to lose. This part of the process can take a month on its own before the rest of the buying process can even start. Sometimes the loan holders can’t agree and the short sale falls through and the buyer has to walk away.

If the loan holders can agree then the normal sale process starts with the buyer having the opportunity to make their inspections and starting their loan process. Please note that most seller’s in  a short sale will not agree to fix anything as they are already loosing money and some do wind up asking the buyer for more money at the end of the process to help with some of the shortages on cost for the process. These shortages are less of a problem as lender’s have made improvements to the short sale process and it doesn’t happen as often anymore.

This type of sale can take 2-4 months from start to finish. Some lenders are streamlining their process. If you offer the price that has been already agreed upon (in an already approved short sale) it takes less time. If you offer less than the already approved price, the whole process will have to start over or they will just deny or counter you offer. Your offer will be denied if you have a contingency to sell your current home unless your current home is in escrow. Then they may just wait to see that your current sale closes before accepting your buying offer.

 

Short sales can be a good deal if you have the patience and knowledge of what you are getting into.

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Posted by: Anna Child | August 12, 2011

Is This The Right Time To Buy?

It just can’t get much better! Loan rates are down low, there are lots of first time home buyer programs and home prices are low. It has never been this good. We have never had low home prices at the same time as low rates. This really is a no brain-er. If you keep holding out hoping it will get better you are going to miss out. Plane and simple. This scenario can’t last for a lot longer.

For the record; to qualify as a “first time home buyer” you only have to have not purchased a home for three years. That’s right! If you have lived in your home for more than three years you still qualify for most first time home buyer rates and programs. There may be a few that have other requirements.

At the time of me writing this entry interest rates are 4.1%

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