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Anaheim Hills, CA Real Estate News

By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
Home inventory is shrinking. What I mean by that is there are fewer and fewer homes available for home buyers to choose from. The homes that are out there and getting snatched up, despite signficant problems with necessary repairs or even location issues. I've seen more and more of it over recent weeks. Buyers and agents are frustrated with how few homes are available today.Last week my friend Chris told me that manufacturing is picking up. It was easy to embrace the truth of this because he was working on Saturday supervising an overtime crew at a manufacturing plant. He was also the second client to express a similar opinion. I wonder how long it will take the White House to recognize that grass roots manufacturing is picking up?The stores aren't packed, but the people I have seen in ...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division 9241 Irvine Boulevard, Suite 150, Irvine, California 92618 (714) 588 -7676 ∙  www.orangecountyshortsalerealtor.com   If you are in a situation where: • You lost your job •Your Medical Expenses are too high •Just went through/going through a divorce •You are behind on your payments •You have no equity •You can't afford the cost of selling your home •Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit appr...
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By Ron Holborn, Commercial & SFR, Anaheim CA, Real Estate & Short
(Short Sales, Foreclosures, Rentals, Income Real Estate)
  Olive Holborn "Hero of the Night" It was a night like any other, our family was in bed sleeping.  Then suddenly in the wee hours of the morning our dog, Olive, starts going bezerk, for no apparent reason.  I attempted to quiet her, but nothing was working.  My wife insisted that someone or something was outside.  I get up ready to take on whatever or whomever is there.  When I get downstairs I hear voices talking, loudly.  Then I can see these four figures at my neighbors front door.  So I yell at them, and they take off running down the street. My boys grab the dog and jump in the car to track them down while I call 911.  We waited and waited for the police, but they didn't come because the perps had left.  In the meantime, my sons located them at our neighborhood park and called the...
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By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
On Saturday, I was standing on the back patio of a beautiful Anaheim Hills home talking to Ken and Mandy about my opinion that it seems we always have at least a gentle breeze in Anaheim Hills.  (I'm not trying to create a debate on weather conditions-Ken, Amanda and I all know there are still days in Anaheim Hills too.)  We were looking over the reservoir and deciding to write a contract on the home, but I couldn't help my mind wandering.  I did a lot to Go Green at my last home.  I really need to bring the new home up to snuff. As we were driving back to the office (Ken and Mandy were following me so I was free to let my mind wander.)  I know that I want to add more solar to the house.  We were fortunate to already have radiant solar panels on the roof that warm the pool nicely; but I...
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By Patrick Canavan, Orange County Real Estate Voice
(Keller Williams Realty)
The Pacific West Association of REALTORS® Charity Foundation is helping first-time home buyers with the HOA Assistance Program to provide HOA dues for up to one year to first time home buyers! Applications for first time buyer programs. >> Click Here for More Info on HOA Assistance Program >> Click Here for More Info on Down Payment Assistance Program Criteria: Income level (2 buyers) $111,600 for Orange County & and $90,960 for Los Angeles County. Purchase price is $350,000 for Orange and Los Angeles Counties. Buyers must contribute 1% of the sales price from their own pocket. Has not owned a home within the past 3 years. Credit score of 620 +. Approved from a direct lender Minimum five-year fixed-rate, full documentation (no stated income) loan. Buyer must be represented by a PWR REAL...
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By Patrick Canavan, Orange County Real Estate Voice
(Keller Williams Realty)
Obama signed into law a great new program that the (NHTSA) National Highway Traffic Safety Administration has named (CARS) the Car Allowance Rebate System. This is a government program that helps you purchase a new, more fuel efficient car when you trade in a less fuel efficient car, truck or any gas guzzler really. See the Frequently Asked Questions for more details. Criteria: Your vehicle must be less than 25 years old. Only purchase or leases of new vehicles qualify Trade-in vehicles must get 18 or less MPG (some pick-up trucks, cargo vans have different criteria) Must be registered and insured continuously for the full year preceding the trade-in. Up to $4500 will apply as a credit at purchase. The program runs through Nov 1, 2009 or when the funds are expire, whichever comes first....
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By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
The market has picked up dramatically and the competition to get a particular home is intense, I need your help finding a home!  I compare it as similar to the competition level of 2004-2005, but we're not seeing prices soar like we did then.  The banking industry learned a valuable lesson from those times and has clearly communicated to Realtors and Appraisers they will not tolerate sale prices higher than the last three sales in a neighborhood.  Values are clearly defined, so I am working hard to put my clients ahead of the class in every competitive situation.  You may know the effort I put into making an individual offer standout.  The sad truth is that is not always enough.  Networking has never been more important in our industry. Who are you thinking of, right now, that has a hou...
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Dear Nancy and Todd, We wanted to express our thanks for assisting us in finding our new home.  Being first-time buyers, we were searching for a realtor who was able to guide us through the process of home buying and financing.  We were initially impressed with your down to earth nature, your knowledge, and honest presentation.  Thankfully, Nancy, you were able to put the numbers down on paper, helping us see exactly how much house was right for us.  Todd, as we searched for homes, you did not pressure us, nor did you show us homes that were out of our range.  You made it a fun experience with your sense of humor and knowledge of the area.  When we finally found our home, you both hit the ground running and acted as our advocate throughout the entire escrow process - even after we moved...
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By Nancy Moeller
(Seven Gables Real Estate)
I can't remember the details of the episode, but I'm often reminded of the title and point of an old Twilight Zone episode titled, "How to Serve Humans". In the story, the main character believes that aliens refer to the manual, "How to Serve Humans" to learn how to be of better service to humans. Later, he understands that the manual is actually a recipe book and he is about to be cooked - literally. In real estate, we often find ourselves with a similar misconception. While we all believe that our purpose is to be of service to our clients, our industry and our families ... too often, agents and other real estate service providers are just trying to figure out how to cook a deal and sell a house. Today, I'm sitting another open house for a rental property. We held it open last weekend...
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By Nancy Moeller
(Seven Gables Real Estate)
For our clients and friends who urged us to design an ad that did not look like a standard "Realtor Ad", we thank you for your encouragement and hope you like the new concept. Our slogal is "It takes more than a sign in the yard to sell real estate", and as always, we welcome your input. It is scheduled to launch in the community based @In Home Magazine Anaheim Hills / Yorba Linda next month. Todd and Nancy Moeller Seven Gables Real Estate www.TheOCExperts.com Direct: 714 276-7006 
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By Nancy Moeller
(Seven Gables Real Estate)
California - No wonder we're bankrupt ... In Orange County this morning, there are 410 bank owned properties on the market, 998 in escrow and 675 closed in the last 30 days.   Our buyer clients are making offers at or above list price and competing against an overwhelming wave of demand for foreclosure properties. In other words, demand is off the charts and we are running out of inventory. So what does California do? California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday. The law is another attempt to force lenders to try and modify loans and keep people in their homes. When will government learn that more time creates greater inefficiencies? Now lenders have another 90 days to allow files to gather dust on someone's overworked, unde...
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By Nancy Moeller
(Seven Gables Real Estate)
For homes under $500,000 in Orange County, we have experienced a market shift. Demand is up 45% over last year and at levels not seen since 2005, supply is shrinking and buyers are competing for the same properties. In addition, interest rates are low, tax credits are still in place and prices seem to be stabilizing as multiple offers are creating a 98 - 100% ratios of sold price to list price. In short, it appears we are hovering at the market bottom in this price range. But is the bottom real? Some industry professionals believe we're experiencing a false bottom. They expect a new wave of foreclosures that will once again force prices to spiral further downward. We don't agree. Yes, we can expect a wave of new foreclosures - probably several waves throughout 2009 and 2010. However, we...
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By Nancy Moeller
(Seven Gables Real Estate)
Every market shift creates new opportunities for different people. In today's market and in this article, the group is "move up" home buyers. These are people with growing families or growing dreams who would like to sell their home valued under $500,000 and buy a property priced over $500,000. In Orange County, properties under $500,000 are in a deep seller's market. Demand is at its 2009 high, reaching levels not seen since 2005 and pending sales are 45% higher than the same month last year. High demand, coupled with shrinking inventory have resulted in properties selling within weeks, with multiple offers at or above listing price. Surprised? Despite what the news is reporting, the real estate market is in high gear in these price ranges. In Riverside county, the story is the same, b...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division 9241 Irvine Boulevard, Suite 150, Irvine, California 92618 (714) 588 -7676 ∙  www.ReMaxAnn.com   If you are in a situation where: •You lost your job •Your Medical Expenses are too high •Just went through/going through a divorce •You are behind on your payments •You have no equity •You can't afford the cost of selling your home •Your income has been reduced •You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: •Avoid Foreclosure •Avoid Bankruptcy •Reduced damage to your credit •Postpone your foreclosure sale date •A short sale will stay on your credit approx 3 years •BE FREE of fina...
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By Nancy Moeller
(Seven Gables Real Estate)
Demand has heated up in Anaheim Hills. We currently have 134 properties on the market, 95 in escrow and 26 closed last month. While prices are down 20% over last year, the market is shifting as demand is starting to outpace supply. Coupled with low interest rates and tax breaks, it's now the right time to buy. # Active Listings - 134  5 Bank Owned 33 Short Sales # Closed in April - 26 7 Bank Owned 4 Short Sales # in Escrow - 95 15 Bank Owned 34 Short Sales # Supply of Inventory - 5 months Supply of Bank Owned - 3 weeks Supply of Short Sales - 8 months Median Price - $538,000 (down 20% from last year) For information on buying or selling property in Anaheim Hills, visit us at www.TheOCExperts.com Nancy Moeller, CPA, Broker Seven Gables Real Estate Direct: 714 276-7006
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By Nancy Moeller
(Seven Gables Real Estate)
We had a new client ask our team last week if we thought a buyer and seller should be represented by the same agent. Almost always, we believe the answer is no. Here's the problem. Who does the agent really work for when they represent both the buyer and seller? Who are they negotiating for and against? Whose interests are they representing? If you are skeptically thinking "their own" ... you are probably right. In most cases, the agent just wants to make sure the deal happens. They are not partial to the buyer or seller. It's like going to court and having the same attorney as the opposing party. At best, that's called mediation, not representation. Are both the buyer and sellers best interests served? Rarely. It can happen, but it takes a very unique situation - one in which the parti...
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By Nancy Moeller
(Seven Gables Real Estate)
Short Sale Reform - A Better Way 2009 and 2010 will certainly be the year of the short sale. A short sale makes sense for the lender who will incur less expense and will never have to take ownership and responsibility for the property. A short sale can also make sense to the property owner who wants to sell their home for no cost, eliminate their mortgage and avoid foreclosure. Yes, it's more complicated, but this article is more about the process. Here's the problem. The short sale process is the most inefficient, ineffective sales process in real estate. While there are exceptions, a short sale is normally priced below local comparables to generate high traffic and multiple offers. The highest and strongest offer is then submitted to the lender with the homeowner's hardship package fo...
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By Tamara Boswell Petrucci
(Tamara's at The Studio)
Nourish your skin  with  99% PURE COLLAGEN Clayton Shagal Two Day Blitz Event!  May 8, 2009 – 11:00am to 6:00pm  May 9, 2009 – 8:00am to 2:00pm  • 30 minute Collagen-Elastin Mini Facial: $55  • Purchase any One Shagal gel (collagen or elastin) for $90 (a 3-month supply) and receive a FREE Cleanser and a FREE Night Cream. A total value of $96.50.  • Purchase an additional Shagal gel and receive a FREE SPF Day Cream Representatives from Clayton Shagal will be on hand to answer questions.            Tamara's at The Studio 416 S. Anaheim Hills Rd.      Anaheim Hills, CA 92807                 by appointment: (714) 637-4677
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division 9241 Irvine Boulevard, Suite 150, Irvine, California 92618 (714) 588 -7676 ∙  www.ReMaxAnn.com   If you are in a situation where: •You lost your job •Your Medical Expenses are too high •Just went through/going through a divorce •You are behind on your payments •You have no equity •You can't afford the cost of selling your home •Your income has been reduced •You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale:  •Avoid Foreclosure •Avoid Bankruptcy •Reduced damage to your credit •Postpone your foreclosure sale date •A short sale will stay on your credit approx 3 years •BE FREE of fin...
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By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
I've gotten into the habit of talking about the economy and stimulus packages so much, I procrastinated talking about a subject that has reared it's ugly head, especially if you live in Southern California; hard water. Not too long ago, there was an announcement that they were going to start delivering harder water to consumers in OC. Many of you, like me, pretty much ignored the media reports that our water was getting harder. The professionals that prepare water for our taps shortened the process to get us more water sooner. The resulting hard water is starting to impact everyone because it has been almost six months now. Your water heater might be bubbling these days. That's because the minerals have bonded to one another into little rocks. Those rocks settle to the bottom of your wa...
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