Sun 24 Apr 2011

Hello! Welcome to Rancho Cucamonga Realtor.

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Welcome to Rancho Cucamonga Realtor. (909)949-4146

Yes, even though Rancho Cucamonga Realtor may seem like a strange name for a website if you are looking for homes, however I chose this name for a reason.

You see, when a person is new in town or is just at home sitting at their computer there is a pretty good chance that this person will type in Rancho Cucamonga Realtor… or maybe Realtor Rancho Cucamonga in order to find an agent to help them with their real estate needs.

And, I wanted you to find my website because unlike other sites that may pop up; I do not own my own real estate company.


I’m actually an impartial consumer who was once in your shoes and had a bad enough experience looking for and hiring local real estate agents that it motivated me enough to create this site to help protect you.

It was kind of my civic duty to do so!

Now, I am not going to bash any real estate outfit out there but I will make a solid recommendation of a very good real estate agent that is licensed and  insured and that you can trust to take care of you.

In addition to this, I want to educate you on how to find a qualified agent when looking for homes in the area and give you enough knowledge to confidently ask questions of the agents that you may talk to, and make an informed decision should you need to hire a real estate agent in Rancho Cucamonga to either buy or sell a home.

First you want to make sure that they are licensed with the California Department of Real Estate. Also find out if they are a member of the National Association of Realtors. This is the minimum I would look for. However, you probably want to work with someone that has had some experience and has been around a few years.

Or, maybe you want to find an agent with short sale experience. In other words, can they work with lenders in helping you find a home at a bargain price? Or perhaps help you sell your home when you owe more than it is worth and just can’t handle the monthly debt load anymore.

Whether you work with a real estate agent or a real estate broker, be sure to ask questions and let them know what your specific needs are. And don’t be afraid to ask about cost and commissions. A good agent will want to be up front with you and help you achieve your real estate goals.

If you would like to do some additional research just click on any of the following websites and take a look around as they are there to help you. American Homeowners Association, American Society of Appraisers,

Our Recommendation:

After viewing the following video and reviewing the rest of the website you may want to contact our recommended Realtor.

 

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Tue 6 Mar 2012

Foreclosures Agent Rancho Cucamonga (909) 949-4146

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If you are considering buying a foreclosure property for your first home or as an investment, you should consider using a foreclosures agent. This will be someone that actually knows how the foreclosure process works and knows how to find a real bargan property for you. As you know we are in a down market and finding distressed properties is not that hard to do. However, finding the one that fits your needs and is a real bargan may take some expertise in not only finding the property but in getting the transaction accepted and closed.

You are going to want to find an agent that is a Realtor that is a member of the National Association of Realtors. Not only will your licensed real estate agent have the training to find the property you are looking for but will be held to a high standard of ethics by the association to conduct the transaction in your best interest and not just to be earning a commission. Your agents real estate broker will have access to all of the current REOs that are available and this will be a big time saver for you in your search for the right property.

If there are certain areas that are of interest to you, then you may just want to drive through these areas to see what may be for sale. At times a bank may post their own sign that will indicate a property is a bank repo or foreclosed property. They may have an agent listed on the sign. Take down the informaton and give it to your agent. I do not recommend dealing directly with the banks agent as their fiduciary responsibility is to the bank.

If you are reading this then you are on the internet and this is another place to look for foreclosed properties. You can go to government websites such as HUD or Fannie May and check for foreclosed properties. Or just look on some of the major banks websites for foreclosed properties. Let your agent know what you find that is of interest to you so that your agent can put together an offer that the bank or government agency will consider.

If your goal is buying a foreclosure as an investment be sure that you are financially ready for the repairs or renovation that you may be facing once the purchase is completed. When buying a property below market value may seem like a good idea, the needed repairs and renovations can make that equity you thought you were getting vanish in a hurry.

Prior to completion of any transaction check with your foreclosures agent in Rancho Cucamonga to make sure you are familiar with comparable sales in the area, don’t over improve for the area, have a property appraisal, and get your cost estimates of any repairs or renovations that you are planning so that you will have a reasonable idea of how much equity you may have once the improvements are completed.

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Sat 24 Sep 2011

Rancho Cucamonga Homes For Sale Agents (909) 949-4146

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According to CAR (California Association of Realtors) the California real estate market is struggling to gain momentum.

CAR is expecting home sales in California to stay flat for 2011 and perhaps rise slightly in 2012. So, if you are looking for Rancho Cucamonga homes for sale agents, this may be the time to start .


The sale of approximately 491,100 units this year is about the same as the sales of 2010. However, CAR says that this is a relative improvement over 2010 considering that the year of 2010 had a loss of about 10 percent as compared to 2009.

Sales in 2012 are expected to increase by about 1 percent to approximately 496,200 units according to CAR. The prediction is that sales will rise by about 1.7 percent next year with the median price to increase to $296,000 after loosing about 4 percent this year. You may want to consider buying this year if you are considering purchasing a home.

Could this be the bottom of the market? That is anybody’s guess. CAR points out that it is clear that the market is struggling to gain momentum.

Top 10 U.S. areas with rising real estate prices

West Virginia leads list with 8.6% year-over-year growth in August

By Inman News, Friday, October 7, 2011.

Inman News™

 

Home prices increased in 12 states and Washington, D.C., on a year-over-year basis in August, according to a home-price report released this week by property data firm CoreLogic.

West Virginia led all states with an 8.6 percent rise in home prices, followed by Wyoming at 3.6 percent, and North Dakota at 3.5 percent. The CoreLogic Home Price Index tracks price changes in repeat sales of homes.

CoreLogic August Home Price Index (year-over-year change)

State/district All single-family Excluding distressed sales
West Virginia 8.6% 10.7%
Wyoming 3.6% 2.4%
North Dakota 3.5% 4.2%
New York 3.2% 3.6%
Alaska 2.2% 3.1%
South Dakota 1.5% 0.6%
Washington, D.C. 1.3% 1%
Nebraska 1.1% 1.1%
Kansas 1% 3.7%
Indiana 0.8% 2.2%

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Sun 21 Aug 2011

Ten Tax Tips for Individuals Selling Their Home (909) 949-4146

Posted by under Ten Tax Tips for Individuals Selling Their Home
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It is the busy home-selling summertime season.  Families that are buying a home want to be situated before that first day of school.  Luckily, there are many resources available to you, the home-seller, to assist you in this endeavor.

If you are in the process of selling your home with a Rancho Cucamonga Realtor, you should know that the Internal Revenue Service (IRS) offers a newsletter regarding summertime tax tips.

Now, I am sure that Rancho Cucamonga Realtors are already abreast of all the applicable tax laws as it applies to the sale of your home.  However, it is always good to know about these things so that you can better understand how the tax rules will apply to you as a seller.

When you can speak the real estate language with your realtor, this is all the better for you the seller.  Letting your realtor know that you are fully informed about real estate and taxes lets them know that you can make informed decisions when it comes to negotiating the sale of your house.

The following article is from the IRS’ summertime newsletter and offers ten tax tips for sellers regarding the gain on the sale of your home.

Let me clarify that I am not providing tax advice and you should contact your own tax consultant to determine your own tax consequences.

The following tax tips provided in the article will be good news for those that sell their home during the busy summertime season.  And the good news is that this rule applies not only to those currently selling their homes, but also to those that have already sold their homes.

If you have had a gain on the selling of your main home you may be able to exclude all or part of the gain from your income.  That’s great news for current home-sellers!  You are eligible for this exclusion if you can claim that you lived at your main home for two of the five years prior to the sale of your home.

Make sure you talk to your Rancho Cucamonga Realtor about this beneficial tax rule and see if it applies to your situation.  While you’re at it ask them if they are providing potential buyers of your home with local school information, community services, crime rate, etc.  For most families these are the first things they consider before considering buying a home in a particular neighborhood.

If you would like additional information from the IRS regarding selling your home you can pick up their publication #523 titled “Selling Your Home”.  I hope you get some useful tax tips about selling your home from this article.

IRS Summertime Tax Tip 2011-15, August 8, 2011

The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.

  1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
  2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
  3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
  4. If you can exclude all of the gain, you do not need to report the sale on your tax return.
  5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses.
  6. You cannot deduct a loss from the sale of your main home.
  7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can exclude.
  8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
  9. If you received the first-time homebuyer credit and within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year’s tax return.

When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Address, to notify the IRS of your address change.

For more information about selling your home, see IRS Publication 523, Selling Your Home. This publication is available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

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Sun 22 May 2011

Bank Owned Properties Rancho Cucamonga (909) 949-4146

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If you are looking for bank owned properties Rancho Cucamonga keep in mind that there is big difference between bank-owned foreclosures and foreclosure properties sold through auctions. Bank foreclosures are sometimes referred to as real estate owned, or (REO) properties. When there are no buyers for properties sold through foreclosure auctions they are returned to the bank. When the bank takes possession of the property, the mortgage note becomes void and the bank can sell the property for any price they determine is in their best interest. You may want to read the following article to review some of the benefits of buying bank owned properties in and around the Rancho Cucamonga area.

 

The Benefits of Buying Bank Owned (REO) Properties
There are many types of properties that you may be looking for along the lines of investment, residence, or business, and some of the most favorable pricing that you might find will be attached to bank owned properties. When you begin browsing for something to buy, you might involve a realtor who specializes in bank foreclosures and short sales, as these can be the most lucrative properties available to the consumer. You may need to move quickly, though the bank in possession of will certainly reserve the right to take a great deal of time in responding to your queries and bids.

Bank Owned Properties Rancho CucamongaThe term “short sale” really refers to the way that the amount owed on a property is lessened or settled beneath the monies owed, and this process actually takes much longer than the traditional bid and closure procedure. Foreclosures and bank owned sales are no exception, so patience will be of great importance to you when moving forward with this type of purchase. Investors tend to have the most time available for waiting out the banks, though individual buyers can also reap the benefits of price reduction if they are in a rental situation or have extra flexibility.

It is important to note that bank owned properties may not be the best value or the lowest priced ones on the market, so you will need to be diligent when determining fair market values and good discounts on the properties that interest you. By reviewing comparables and specs, either on your own or with the assistance of your preferred realtor, you will be able to figure out the best way to proceed with your inspections and bidding. If you happen to find a bank owned property which is listed at the top of the fair market scale, you might either start your bidding low or move on to the next property available.

During inspection times, it is important that you are thorough and completely detailed in your inspections, testing, and questions. If you can afford to, you might bring a professional along for inspection of the heating and cooling systems, structures, electrical components, and plumbing. In many cases, if a home or property is unsafe or below code, the bank in possession will set aside the “as is” clause to the buyer agreement and take care of repairs in order to avoid delay or denial of closing. Don’t ever be afraid to ask for major or minor repairs to bank owned properties, as there is always a chance at saving more money and time.

A trusted and reputable real estate agent or buyers agent is apt to have more information than you can find on your own if you type into Google “bank owned properties Rancho Cucamonga” regarding investment and residential properties, so enlisting the help of one might be your best bet. Often times, the best priced bank owned properties and foreclosures are snatched up before the general public even gets a chance to see them. An agent will have a much better chance of pulling up and getting you started on these golden deals.

Sean Safholm, CalPERS Direct Lender For CalPERS Loans, please visit our site 

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Sun 24 Apr 2011

Why use a Rancho Cucamonga Realtor? (909) 949-4146

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Why use a Rancho Cucamonga Realtor when selling or buying a home?

According to the National Association of REALTORS® there are many reasons why about 8 out of every 10 homes are sold with the help of a real estate agent. The NAR points out that sellers end up with 20% more on average by using an agent and properly pricing their homes.

Rancho Cucamonga RealtorA real estate agent can develop a competitive market analysis for the seller or (CMA) and show the seller recent sales in the area to better price the home. And place the sellers’ home information in the local Multiple Listing Service (MLS).

Your agent will only bring qualified buyers to preview the home and not waste a lot of time and effort in showing to unqualified buyers or people just looking.

Once an offer has been accepted by the seller, the agent may arrange for a home inspector, financing, a title search, as well as ensure that all repairs and stipulations in the contract are complete prior to closing.

I found the following article that may be of interest to you in summing up why it is a good idea to at least consider using a professional when selling your home. I hope it helps you decide what is best for your situation.

Reasons to Use a Real Estate Broker When Selling Your Home

By Andrew Chatham

After deciding to sell their homes, most property owners, in wanting to save on cost, would prefer to do the marketing and selling of their homes. However, once they start ticking off the long checklist of things to do before, during and after closing a deal, owners may commit mistakes which could later lead to problems and cause of legal actions.

That is why it is strongly advised, especially to first-time property sellers, to seek the help of a professional real estate agent. Real estate agents are licensed professionals trained in managing property transaction from beginning to end.

Real estate agents can help sellers in many ways possible such as in creating a legal contract. Most agents have connections to real estate attorneys who can help you draft a selling agreement with clause that can be most beneficial to you.

Unless you have a decent knowledge about the market, a real estate agent can help you in determining the current value of your home which you can use as benchmark for your asking price. Having the correct asking price is very crucial in property sales as buyers will often counter offer it with a lower price, and as the seller, you must maintain a profitable margin despite the haggling.

Agents also have the means to help you market your property through different advertising channels, especially if the agent comes from a brokerage firm with an established online and offline presence. This means that the agent, with the help of the company can help spread the word about your property through classified ads, lawn signs, and other media.

Viewing time can also be very flexible if you have a real estate agent who can manage it for you. Without an agent, an employed seller will have a limited time for viewing, which can only be accommodated on weekends or after office hours.

Real estate agents can also do pre-screening of qualified buyers for you. This will mean no time is wasted on unqualified buyers who may even be just on a house viewing trip.

I hope this has helped to answer your question of Why Use A Rancho Cucamonga Realtor? Hiring a licensed real estate agent may seem like a large added cost at the beginning of the selling period. But if you compare the possible amount of dollars that can be lost on wrong decisions, wasted hours, under pricing and lack of negotiating skills versus the cost of hiring an agent, the higher risk lies on the former and a sure deal can be provided by the former.

Andrew Chatham has been writing articles about selling homes for the past three years. He also likes to write about New York City real estate topics, including information regarding Greenwich Village apartments and Lower East Side apartments. 

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Sun 24 Apr 2011

Rancho Cucamonga Short Sale Agents (909) 949-4146

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Looking for Rancho Cucamonga Short Sale Realtors ? First let’s understand what is involved:


If you are upside down with your property and it is a real financial hardship to keep making those monthly payments on your home loans, you may want to consider talking to a Rancho Cucamonga short sale realtor about doing a short sale.

Rancho Cucamonga Short Sale AgentsI found a great article that will give you an idea of the steps that are involved in such a transaction. You may want to read this article and then give our recommended real estate professional a call to get an evaluation of your particular situation.

The Short Sale Process – Understanding the Short Sale Process

By Paul Sunndin

When housing prices in many parts of the country were booming a couple of years ago, there wasn’t much national attention given to short sales. But with the current sub prime debacle and increasing mortgage delinquencies, many people are wondering if the short sale process is a way to avoid foreclosure.

Basically, the definition of the short sale process is when the lender of a property allows the property to be sold for less than the amount due on the mortgage loan.

The obvious benefit to the short sale process is that it allows the seller to avoid the credit report damage associated with a foreclosure. A foreclosure can stay on your credit report for up to 10 years and can take an emotional and financial toll on you and your family.

But the pitfalls of the short sale process should be considered as well. The I.R.S. may consider any debt forgiveness as taxable income, thus resulting in a tax liability. In addition, lenders can often pursue a borrower for the deficiency balance (the difference between the amount owed and the amount paid).

In some cases you may be able to avoid taxation if you can prove you are insolvent. But if insolvency is unsuccessful, and you are faced with a tax liability resulting from the deficiency amount, it may make more financial sense for you to let the lender foreclose.

The Short Sale Process

The short sale process can vary, but it will generally work as follows:

1) The lender is contacted to discuss the possibility of a short sale and to determine the lender’s process for completing the sale.

2) The seller issues a letter authorizing the release of personal information about the loan and the property to the buyer or escrow agency.

3) The lender will review a settlement statement, which will indicate the proposed selling price, remaining loan balances and itemize all expenses, including real estate commissions and other fees and expenses associated with the closing.

4) The seller will complete a “hardship letter,” which will detail and explain all financial difficulties. Lenders will usually want to validate the seller’s financial situation by looking at bank statements, investment accounts, along with examining pay stubs and other financial records.

5) The lender will then look to the broker to provide a price opinion by examining the condition of the house and the market value of comparable properties.

6) The lender will then want to scrutinize the purchase agreement to determine if all amounts are reasonable and the real estate commission is acceptable.

Because of the documentation required, the short sale process can be lengthy. But if done correctly, it can work well for all parties involved. The lender avoids the uncertainty of the foreclosure process, the seller avoids a foreclosure on his or her credit report (along with potential bankruptcy), and the buyer hopefully got a good deal on a property.

Considering the complexity of the short sale process, you must be educated. If you are considering a short sale, make sure that you discuss your situation with a competent lawyer and accountant. The more educated you are on the process, the easier the transaction will be, and the better the impression you will make on the lender. Something to consider when you are looking for Rancho Cucamonga Short Sale Realtors.

About the Author 

Paul Sunndin is a writer and real estate investor. He is the author of the book “Everything You Have Learned About Real Estate is Wrong.” This book discusses the short sale as well as many of today’s relevant real estate topics.

Article Source: http://EzineArticles.com/561040

 

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