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Chino Hills, CA Real Estate News

By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Beginning July 1, 2010, U.S. regulators have approved new rules  to curb "unfair" credit card practices such as surprise fees and interest rate hikes, but activists and lawmakers said the rules do not go far enough and will not help consumers now. The new rules will prohibit raising the annual percentage rate (APR) on existing balances except under certain circumstances, and give consumers 45 days notice before a rate increase and 21 days to pay. A practice known as universal default, in which card terms are changed based on how the holder performs on other bills, such as utilities or gym memberships will also be prohibited. The new law is great for consumers but the downside is that these protections will not come into effect for another year and a half. So for now consumers who miss a...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
This past week, rates on 30-year-fixed mortgages dropped this week to their lowest levels in at least 37 years.  The Federal Reserve has promised to make money available to the mortgage market in an attempt to stimulate the  U.S. housing market. Freddie Mac's average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, down from the year's previous low of 5.47 percent, set last week.This is the lowest since Freddie Mac's weekly mortgage rate survey began in April 1971. This is great for homeowners looking to move out of adjustable-rate mortgages.For those that are looking for some relief carpe diem (seize the day!)   Keisha Hosea is a local Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resi...
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By Caroline Chai
(RE/MAX Realty 100)
With love and appreciation at Christmastime and always. Wishing you a beautiful holiday season and a new year of peace and happiness.
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By Cedric (Ced) Reynolds, (909) 263-4569
Many of us here are married and have a great passion for business. The question is how do we balance the two. We certainly love our spouse and we part of the reason some of us work so hard is to provide a better way of living for our spouse and family. Here are a few pointers to keep your spouse happy and make them your biggest fan. 1. Keep your word regarding the commitments you've made to your spouse regarding your personal lives. 2. Keep your word regarding the time you say you're going to commit to your business 3. Be sure to speak highly of your spouse regarding their commitment to you and your business. 4. Be sure to show your spouse affection above and beyond just the effort you're making to make things better financially. 5. Be sure to let your spouse know they are #1. There are...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
When was the last time that you were out around town with a good friend and bumped into another good friend? When you bumped into this friend did you quickly introduce your frineds to one another and tell everyone a little about the other friend or your relationship? This is so typical of our everyday interactions and yet we somehow do not always do this. If you have a great Realtor that you know about in another city nearby or another state do you make sure to tell others about them and take the opportunity to introduce them to one another? This holds true weather you are a Realtor or a home buyer or home seller. I love introducing my friends and family to people or products that I adore. In fact it really comes quite naturally. If I am excited about someone or something, I just can't ...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
If you are in a tough spot with your current mortgage, you may have wondered what types of non-foreclosure options are available to you. You may qualify for one of the following “Non-Foreclosure” options:    1. Forbearance- when a lender allows you to pay back late payments over 6-12 month period.2. Loan Modification- when a lender agrees to give you a better & more affordable interest rate.3. Short Sale- when a lender forgives the balance after you sell your upside down house (benefits are avoiding foreclosure on your record, living in the house for free during the process and there is no cost to borrower)4. Short Refi- when a lender discounts their payoff if another lender agrees to refinance the property.   Keisha Hosea is a licensed Realtor in the state of California. She holds des...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
The Short Sale Series- What Is A Short Sale? A short sale is when the lender agrees to take less than what the homeowners owe in order to accommodate a sale. The lender agrees to do this when: 1. the borrower/seller has undergone a hardship 2. the value of the home is less than the amount needed to pay off all loans 3. the loan is delinquent and/or in default   Keisha Hosea is a licensed Realtor in the state of California. She holds designation as a Certified Short Sale Specialist and has helped numerous sellers to successfully negotiate short sales with their lenders and get their homes sold.  Because  you want a professional who can help you understand the market, help you with your goals and negotiate the details on your behalf,  stop and call now at 1-877-534-7421 x16 for a free re...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Did you know that effective this Frday, December 19th all U.S. public pools and spas must be equipped with anti-entrapment drain covers? Due to the strong suction in pools and spas that has been known to entrap children and cause injury or drowning deaths this new federal law is being enacted. Under the new federal Virginia Graeme Baker Pool and Spa Safety ACt, a public pool or spa includes pools and spas open to the public, along with those for residents of multi-unit apartment buildings or multi-family residential areas.
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By Cedric (Ced) Reynolds, (909) 263-4569
Is your Real Estate business at risk? How many of your clients are at risk?The right question to ask is, how much is your Real Estate business at risk? Before you risk a red cent, assess your own business with our free Real Estate business risk assessment tool.This Real Estate Business Risk Assessment tool will generate a Risk Assessment Report based on your response to our basic prompts and questions. These questions do not address every situation or risk. Is is likely that some risks will not be identified and that other risks will not be described in detail sufficient to complete an action plan. It is also possible that misinterpretation of questions will cause an incorrect statement in this report. This Risk Assessment is a PRELIMINARY assessment that should be reviewed with your la...
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By Caroline Chai
(RE/MAX Realty 100)
If a short sale property is already listed at below market price, how much shall a buyer offer on the property? To answer this, we need to understand seller's and lender's prospective first. 1. Seller's Prospective Since sellers owe more than the house's worth, they will not net any profit once the house is sold. Therefore, seller will sign any offers presented. 2. Lender's Prospective Lenders are the ones who will suffer the financial lost on a short sale. Therefore, they have the right to approve or disapprove the short sale. However, since lenders stand to lose more money if the house is foreclosed, they are actually more willing to negotiate on the short sale than taking it back. Lender's decision is mostly based on not selling the property below certain percentage of the appraisal ...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Curtis and Katherine had definite ideas on the city they wished to buy a home in, the area of the city that they wished to buy in and the type of home that they wished to raise their two small sons in. When we met, they stated that many agents just discouraged them and told them that they would never find the home that they wanted in the city they desired for the price that they could afford. Watch and find out how all of this changed!
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Clients want to know that they are working with true professionals who will take care of their needs and guide them through the real estate maze. Often professional Realtors get caught up in qualifying the clients, finding the home, marketing the home, selling the home, etc. All of which are activities that are part of the process and obviously can serve to accomplish the goal at hand.What often gets missed is the on-going, continual communication that clients desire. Clients want to be re-assured that they are doing the right things, making the right decisions and know what is going on during a transaction. As a professional Realtor, you are likely to understand the transaction process and know that sometimes there really is nothing new to report. However, our clients want status updat...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Recently I received a text message from a buyer thanking me for the time I spent with them, the homes provided via my email service and informing me that they had just purchased a home. My first thought of course was, what happened that they did not allow me represent them on the purchase of their new home. As I am not the only Realtor that this has happened to, I thought it may prove helpful to explain what happens when buyers engage the help of licensed Realtors and of course specifically when a buyer engages my help as a licensed Realtor. As a licensed, full time Realtor, helping people buy and sell homes is not only something that I truly enjoy, it is what I do for a living. Therefore, just like anyone else who wakes up and proceeds to go to work on any given day, it is very dishear...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
How Does the Federal Reserve's cut in interest rate really affect you, the consumer?   Credit Cards- Over the past year, the rates have kept the average advertised credit card rates stable at 12%. Consumers with good credit can find low credit card rates. However, the classification of "good credit" has changed. To qua;ify for low rates, consumers must pay bills on time, don't skip payments, apply for new credi cards sparingly,and keep your credit card utilization at a maximum of 30% to 40% of your credit limits. Mortgages- Mortgage rates will not necessarily decrease. Home Equity Lines of Credit- Because these loans are closely tied to the prime rate, consumers may get some rate decreases. Refinancing Loans-Lower rates make refinancing cheaper. Consumers with an adjustable loan that is...
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By Cedric (Ced) Reynolds, (909) 263-4569
Free Real Estate Resources Check out this new online community I just joined for free, and get immediate access at no cost to thousands of pages, hundreds of hours of audio and video, and tons of real estate tools from 100+ of the top gurus in the world. When you register for free I think you, too, will be blown away at the mountains of free content on real estate investing they give...plus I'm now part of this awesome real estate social networking community with phenomenal tools to help me as an investor. It's a great place to network with other investors around the world to find great deals, education, partners, clients and buyers. It only takes a minute to register and it is FREE!. Youʼll want to invite everyone too so they can access all the great resources, just like I am-- especi...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
                                                                                 November 2008 Chino Hills Home Sales Single Family Homes    Total Number of Single Family Homes on Market in November    296Number of Single Family Homes Sold    32Median Home Price    $455,000Percent of Total Available Inventory that Sold    11%Total Number of Single Family Homes on Market as of December 11, 2008    286Number of Months of Inventory Currently Available    31 Condos/Townhomes    Total Number of Condos/Townhomes on Market    10Number of Condos/Townhomes Sold    1Median Condo Price    $220,000Percent of Total Available Inventory that Sold    10%Total Number of Condos/Townhomes on Market as of December 11, 2008    34Number of Months of Inventory Currently Available    3   This information is d...
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By Caroline Chai
(RE/MAX Realty 100)
The recent pullback in market price gives homeowners an opportunity to ease their property tax squeeze if the property was purchased after 2003. The deadline for filing "Decline-In-Value Reassessment Application (Prop. 8) is 12/31/08. Here a quick outline on how to lower your property tax: 1. Contact me to get comps on the similar houses that was sold from January 1st to March 31. Those are the acceptable comps for the County Assessors to reassess the value of your property. 2. If the value of the comps are lower than your assessed value, file an application with county assessor. Here's the link to the application: Los Angeles County San Bernardino County Riverside County For those who purchase bank owned or short sale properties, your assessed value may be higher than the purchase pric...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Seems that a Short Sale can feel like an eternity. It has become an oxymoron, much like Jumbo Shrimp. One begins to ask oneself, "Since when is a short sale actually short? Luckily, although my most recent short sale was not short in length, it was indeed a success. Yesterday morning I had the distinct privilege of putting a set of keys in the hands of brand new home owners. Our search together began in July, however, their search for a home began several months earlier. They were referred to me because my colleague felt that he would not have the time to stick it out with them since he is in Real Estate part time. So began our journey together. Throughout our time together, we really got to know each other. There were offers placed and bids lost but we persevered. One of the key facto...
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By Caroline Chai
(RE/MAX Realty 100)
If your family is over grown and you need a larger home, it is perfect time to upsize in down market. Here's why. Consider if your current house is worth $350,000 two years ago at the peak of the market and the house you want to upsize to is worth about $550,000. You will need to pay $200,000 to upsize. Current Home Upsize Home Difference 2 years ago $350,000 $550,000 $200,000 Today's price after 20% Drop $280,000 $440,000 $160,000   Savings $ 40,000 If the market price drop 20% from 2 years ago, your current house is worth $280,000 (=$350,000 x 80%) and the house you want to purchase also dropped 20% to $440,000 (=$550,000 x 80%). You will pay $160,000 to upsize in down market which is a $40,000 saving from the up market. Buyers save more money to upsize in down market. Therefore, this...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
With the current state of the real estate market..the price dips and lenders, investors, buyers and sellers all concerned about their bottom line dollar, the most recent sales comparables have become crucial. Gone are the days when just about any nearby comp will do. In our soft declining market not having the latest sales comparables cold mean the end of a sales contract or the beginning of re-negotiations. Sellers and buyers alike must pay careful attention because it could make all the difference in whether a lender funds the loan on a particular sale. Sellers make sure that your Realtor keeps you informed of the latest comps every 30 days. Buyers, be sure that sales comparables are pulled each time you submit an offer.  An old standard had previously been a sales comparable within t...
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