Hemet, CA Real Estate News

By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
PRICE YOUR HOME TO SELL Part 5 of 5BY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOGThis is the final installment of a 5 part article, educating the consumer on the process of how homes should be priced to sell, in an market.  Looking back at the First Part, we stimulated the thought process by asking some hard questions - helping determine your own level of motivation. Then in the Second Part we examined the roll a REALTOR® plays in the process and why it is so important for you to choose one you can work with - one who will allow you to make the important decisions with the right counsel.    In Part Three we took a look at what drives the market and the principles that make the housing market fluctuate in value.  Finally in the Fourth Installment we took a look to see what h...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
HEMET MARKET REPORT:  Expireds, Solds and the Asking Priceby John Occhi, Hemet REALTORWell, I have been looking at the numbers for the past couple of years, trying to make heads and tails out of them.  Now please don't get me wrong, I am NOT a statistician any where close.  I am just a Realtor who is trying real hard to get control of my market and understand all of the nuances.As I learn, I write and share.  Hopefully, I am sharing with my clients and future clients and not educating my competition.  This is hours and hours of work that can get to be very tedious, but as the numbers fall into place, it is a beautiful thing that they teach me.I wanted to start off with a short article and a quick look at some of the obvious that jump off the page at me.  Now by reading my previous posts...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Setting The Bar - Another Look Back at 2005By John Occhi, Hemet REALTOR Yesterday I described in detail how I pulled together the numbers I am analyzing - which is in essence a look at all of the listings that Expired from the Hemet MLS in the year 2005.  The reason for 2005 is all of the data will not be in for 2006 until about the end of next week, at which time I plan on comparing the numbers from 2005 to 2006. The data that I am looking at is for Hemet only, although I do plan on compiling similar facts about San Jacinto, the other community in the area where I conduct my business and live.  I have broken the data down to each of the three zip codes in Hemet:  92443, 92544 & 92454.  Again, there is more data and a clearer breakdown on the differences between the three zip codes in ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
How to Sell Your Hemet Home at the Highest Possible Price By JOHN OCCHI, HEMET REALTOR This is one of the "Free" Reports that I have written that I provide to my seller clients.  Often this  report will end up in a Pre-Listing Package, before I meet with a potential seller. ***************************************** When it comes to selling your home you have to be careful not to make any mistakes.  A simple mistake in the process can cost you thousands of dollars, if not tens of thousands or even hundreds of thousands of dollars. In lost profit. Believe it or not, but many homeowners make the same mistakes, over and over again.  Avoiding the mistakes is relatively easy - it just takes a little time and effort on your part. Remember, that this special report is not intended to replace so...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
PRICE YOUR HOME TO SELL Part 4 of 5BY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOGLast time we looked at trends in the market and several principals that  govern the behavior of the Hemet Real Estate Market.  In this installment, we will examine what happens to a home that enters the market over priced and what affect it will have on the perception in the market.********************************************************What Happens When a Hemet Home is Overpriced?It is critical to price a home properly when it is first listed on the market. If a seller takes the attitude that they can put it on the market for a higher price and then reduce the price if it doesn't sell right away is much more detrimental than any other pricing strategy.More often than not, by the time an overpr...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
What Has Happened in Hemet, During the Past Two Years?A  Quick Look back to 2005 - A Place to Set the Barby John Occhi, Hemet REALTORAs the year winds down and the final figures are on their way to "the books", it's time to take a close look at what has happened.In order to fully look back at 2006 and the local Hemet Real Estate Market, I thought it was as important to look at 2005 as well.  After all, if I tell you we had 50 expired listings last month, what does that mean to you without having a place to compare.So, as I wait for the last hours of December to tick away and for the last sales to be recorded and the time run out on the last expireds of the year, I have spent some time downloading and formatting the 2005 numbers straight from the Hemet-San Jacinto board of Realtors offic...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Should You Own Your Home? The American Dream Of  Homeownership Isn't Right For Everybody... Or Is It?by John Occhi, Hemet REALTORWhen you are ready to buy your first home you will often find yourself full of anxiety , trying to determine if you are making the right decision.  You go through all of the   pluses and minuses of home-ownership, giving each one it's due careful consideration...Buying a home can be one of life's most exciting and yet most challenging and stressful experiences you will ever go through.With all of the different types of loan programs available today, it is easier than ever to get into a house. Make sure you check into first time buyers programs and different incentives that may be offered through Riverside County and the City of Hemet - or wherever you choose t...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
How to Sell Your Home in Today's Buyer Market, part 2 of 2by John Occhi, Hemet RealtorThird Party Inspections: The Key to Setting Yourself Apart from the PackEvery bona-fide real estate transaction in California is required to have disclosures completed and inspections of the property integrated into the terms and conditions of the purchase agreement. Some of these are state laws while many are lender requirements. It really doesn't matter who says to do it, if it needs to be done, it needs to be done.A disclosure is simply letting the buyer know what you know about the property. There are more law suits filed for non-disclosure issues. More often than not, they are innocent oversights, forgetting about the little inconveniences and nuances of our Hemet home. Typically, we all learn to ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
PRICE YOUR HOME TO SELL Part 3 of 5BY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOG This is the third installment of the report I prepare for my sellers, but confidentially share with my buyers.  I advocate that only the seller can set the price, my job is to provide them with the education to make the right choice.  In the first installments, we had the seller ask some hard questions about their home and their situation, trying to determine motivation.  Then in the second installment, we covered the basics  of market data and what should be in a CMA.This section today is very important.  It looks into the state of the market and what conditions are affecting the sale of homes.  I hope you find this useful...********************************************************Trends in Va...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
How to Sell Your Home in Today's Buyer Market, part 1 of 2by John Occhi, Hemet RealtorI first published this article in November 2006 on my original blog.  It is rather lengthy , so I have decided to re-post it here as a 2 part article.It should be pretty obvious to anyone who has any interest in the real estate market. You should know by now that the ‘sellers' market we had in Hemet during the first half of this decade has all but evaporated and transformed itself into a bona fide ‘buyers' market. What this means is that Hemet, like the rest of Southern California and most of the rest of the country has more homes for sale in the MLS than there are qualified buyers in the market looking for a home.There are a couple of ways to determine that the market has shifted, if you have access t...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
CREDIT PREPARATION 101JOHN OCCHI, HEMET REALTORWhen we want to buy a house, there are several things that we must do in order to prepare ourselves..  we all know that buying a house is never as simple as driving to the mall and buying a new pair of shoes - although I am not certain which one you might look at more options than the other...but that's another story.No, to buy a house most of us know that we will need some money in the bank - both for the purchase and for reserves.  Then we should all know that we need a fairly stable job and lastly we need to have a good credit score - or at least as good as possible.I'm not going to spend time here explaining what a credit score is, if you don't know, the do a Google Search (Experian, Equifax, and Trans Union are the 3 national Bureaus) ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
PRICE YOUR HOME TO SELLBY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOGThanks for coming back.  In the first part of this report, we looked at the motivation of the home seller.  We asked ourselves some tough questions to help determine what our real motivation is and what condition our home is in, to sell.Today, we are going to take a look at how we determine who the best REALTOR is for "US" the individual seller.  Just like you, each realtor is an individual also, and there is a match that needs to be made.**********************************Part 2 of 5Who Is the Best Hemet Realtor?As much as I wish I could tell you I am, there really is no clear cut answer. The real question is who the best real estate agent for you is. Today's market place has become very diverse. Not long ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
PRICE YOUR HOME TO SELLBY JOHN OCCHI, HEMET REALTOR®Originally posted to this BLOGThis is a rather lengthy report that I have written, that I use as part of my pre-listing packet, so the homeowners will understand the principals without a perceived ‘sales job'.  If they take the time to read through this report, they will have a very clear understanding of where their price should be, once I provide them with the analysis portion of a CMA at the actual presentation.  They will know exactly where to price their home so it will sell.Because of the length and so many variables, I have decided to reduce this report to a lesson plan with a new lesson being released each day.  I'm actually thinking it may make a great drip campaign for internet related leads (which I'm now getting since I mad...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
How much inventory is in the market today?by John Occhi, Hemet, RealtorOriginally written October 30, 2006Originally posted hereI originally posted most of this article on another Blog that I started last month.  Like many agents, I've heard of Blogging and thought I would ‘check it out' and see how I could get involved.  Of course, when you first start out, it's sometimes difficult to weed through the technology and make the right decisions.I thought about maintaining multiple Blogs - but hello, I have houses to sell.So, I will go ahead and transfer what I believe to be worthwhile to my Active Rain, since I have now determined this is the place to be - do you guys agree?*****************************************************************I thought I would start this morning with a snapshot...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
SHORT SALES - DO YOU REALLY WANT TO KNOW?I recently attended a full day seminar on Short Sales, thinking this was the 'new wave' in real estate.  I've got to tell you I cam away very disapointed if this is the direction the market is headed.  To sum it up, they are a lot of work, will take at least twice as long as a normal transaction and ther is no guarantee that the deal will happen (is there ever?) or what your commission will be at the end of the day.I really hope we can avoid this dierection, both for the sakes of the poor souls going through the drama in their lives and for us as REALTORS - let us do what we do - sell houses!Anyway, look the notes over, and if they can help you, then so be it  Let me through in a disclaimer though, these are notes from a seminar, they are not re...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Another Interesting Statistic...Or More Listings Equals More Expireds!By John OcchiI was doing some work looking at some of the statistics for the Hemet Real Estate market and determined what ‘I  knew to be true" is in reality a fact, that can be backed up with cold hard facts.I have been looking at the Expired listings in Hemet.  "Expireds" are REALTOR liongo for properties that have been under contract and listed in the MLS with a REALTOR®. For a specific period of time - typically somewhere between 90 and 180 days, and the contract has expired without the property being sold.Just to show you the significance of the numbers, for the sake of this article, I am comparing November 2005 to November of this year, the last full month with information availableThe first number I looked at wa...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Cost vs. Value Revue:  Every year the National Home Remodeling Association publishes it's annual Cost vs. Value Report, which is then republished by the National Association of REALTORS in their monthly REALTOR Magazine.I wish I could say how long this report has been published. All I know is that I was using it 10 to 15 years ago when I was selling replacement windows and other remodeling jobs for contractors.  It is a tool with a great amount of credibility that is hard to dispute.  This version is based on data from 2006.The report looks at the 25 most common renovations.  First it breaks down the projects into one of three categories:  Additions, Remodels & Replacements.  The report then breaks down country into 9 different regions.  (They also offer a paid version of 60 different c...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
I recently did extensive research on a particular neighborhood.  I'm sure the local residents have a name for their corner of Hemet, but I am sorry to report I do not know it.It is a unique area, surrounded on two sides by senior mobile home communities - ‘Panorama Village' to the east (east of Lyon) and 7 Hills to the south (south of Stetson).  The north is separated from adjoining lands by railroad tracks.  The community runs west to Kirby, although some could argue that it actually extends all the way to Sanderson.  However, the homes on the west of Kirby are typically newer and larger, even if only by a few years.I was trying to find comps on a 2 story home of approximately 1550 square feet in the area, and amazingly, I could only find one.   Because the information I was tasked wit...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
I received an email this Christmas evening, through my website,  with a question which every potential buyer must be asking themselves right now..."Is this a Good Time to BUY?"Well, here is the actual email I received and the return answer I provided...Comments:i'm moving into the area and am indecisive whether to jump into a full fledged mortgage. can you tell me whether it's a good time to buy? thanks, aaronMy Answer:Aaron,You sure have asked a loaded question...one that has so many variables...most of which depend on you and your own personal situation.I can say over time, you will always be better off building your own equity in your own home as opposed to helping a landlord feed his investments.There is speculation that interest rates are back on their way up - no one can say for c...
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By Christopher Walker, Local Broker and Realtor - Hemet & San Jacinto, CA
(Mission Grove Realty Inc.)
California - Riverside County - HEMET market conditionsGrowth has still remained strong as demand for local housing increases. Prices (avg. home $307,000) have remained steady to increasing over the past few months with San Jacinto (pricing up 16.7%) and homes in the Hemet Zip code of 92544 (prices up 1.6%) experiencing the most activity and appreciation. Yes, appreciation. Although many parts of California and the Country in general have experienced a slide in values and activity, the Valley continues to grow and must to meet demand. The press has had some effect on the market yet, home Sellers with proper marketing still experience much activity and those with MLS exposure only, are experiencing much less activity and average time on market approaching 180 days or more.A excellent are...
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