Menifee, CA Real Estate News

By Sherry Kotvis -Work. Live. Play, Have A Life Worth Living!
(eXp Realty)
For More Information Please Visit WWW.MyForeclosureRepair.com Facing foreclosure is no doubt a stressfull situation. You get all kinds of advice from family, friends and so called experts in the field.I have put together a no nonsense outline that will hopefully answer many of those unanswered questions you may have. You don't have to go it alone and you don't for heaven sakes, have to foreclose on your property. So it's time to take control back, seek out answers and face the challenge head on...Like they say 'Knowledge Is Power' so take control of the situation and seek out help. Okay..so here we go.... Your First Option is to do absolutely nothing! This means you don't make your payments and ignore the many letters and phone calls from your lender. Essentially you end up turning your...
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Menifee CA – There have been many controversial figures on just how much a lender saves completing a short sale verses a foreclosure. Anywhere from 20% to 50% So what exactly does happen after a home is listed as a short sale and for whatever reason it does not sell? ~~~and there could be many scenarios why it did not sell as a short sale~~~too many to mention in this blog. For example, ~~~and this is a true story~~~short sale was listed for sale for at $225K. After a few months, the sellers received an offer for $200K The offer and the short sale packaged was submitted to the lender. The lender declined the short sale and the lender started foreclosure proceedings. About 19 months later the house was put back on the market as a foreclosure. The house sold for $150K. You can see pretty ...
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Menifee, CA As a Short Sale Specialist, I sometimes run into clients where they are renting their home out while in the  midst of a foreclosure. The obvious question is...can I continue to collect rent from my tennants while not paying my mortgage? Is it legal to do this and are their any liabilities that comes with it? I always tell my clients that I am not an accountant or attorney and cannot give tax or legal advice.  Therefore, I simply cannot answer as to whether or not it is legal. I always recommend that a client in this situation check with their lawyer before making a decision. I do know for certain that some states have laws forbidding this practice.  The laws in some states  say you must notify any potential renter whether or not the home is in foreclosure before renting the ...
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By Sherry Kotvis -Work. Live. Play, Have A Life Worth Living!
(eXp Realty)
  Menifee CA, Here is a great question a client once asked me. 'Why Do Short Sales Fail? The client further went on to state that they heard that over 70% of short sales fail and wanted to know if this was a true statistic. It is true that alot of short sales fail, however those statistics are for individual short sale offers submitted to lenders. If the first offer on a short sale is turned down then either the first offer is negotiated to reach an agreement or another offer (called a back up offer) replaces that first offer. The failure rate is much lower on the individual sale of a home. There could be several reasons why short sales still do fail. Here are some reasons I have found throughout my short sale career:   Is there a tennant in the home? Tennants are not particularly moti...
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By Sherry Kotvis -Work. Live. Play, Have A Life Worth Living!
(eXp Realty)
Menifee CA – If you are currently selling your home as a short sale, take caution and discuss with your Realtor the reasons why you should not jump on the very first offer that comes your way. You may have to resist pressure. Buyer's are anxious and may get impatient, but take the time to discuss the pros and cons of this approach. Buyers know the inventory is limited (at least in our local area) and are impatient to get an offer accepted. But the first offer ~~~and Buyer~~~ is not always the best option. If a buyer loves your home and are willing to submit a reasonable offer, than they might be the right fit but take the time to find out more about the buyer. Ask your Realtor some questions such as how long have the buyer's been looking? Do they have any other offers on other propertie...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Right Now, New Homes Riverside County will have standing inventory that they will be willing to make deals on.  I regularly visit the sales offices to find out what's going in the community.  Calling on the sales offices in person is the only way to really find out what's going on and what deals can be made as far as what incentives the builder will be willing to throw into the deal. Yesterday, I took a client to some of the New Homes Riverside County that were specifically Single Story Homes.  We visited Menifee New Homes that are single story only throughout the entire development. This makes it nice as there are no towering two story homes that can look into single story windows! Many developments for New Homes Riverside County have wonderful energy saving features like Solar panels,...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Menifee Home Sales For June, 2011 Menifee Homes - Menifee Homes are located along the 15 corridor and also touch Interstate 215, in Southwest Riverside County, California.  This blog post that I wrote has a map of Menifee. The feature picture is a lovely Menifee Home that is currently listed in Menifee Lakes with golf course views. Menifee Homes as well as the rest of Southwest Riverside County,  typically has more real estate activity in the spring and summer months.   Menifee Homes, located right next to Murrieta Homes and Temecula Homes are popular with buyers due to the highly rated Menifee Schools and popular Menifee neighborhoods which include some Menifee areas that are more rural than other areas of Southwest Riverside County, California.   The median home price for Menifee Home...
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By Stefan West, Temecula-Murrieta-Menifee CA Real Estate
(West Realty)
As we enter July of 2011, Menifee homes sales continue to be at a hasty tempo! Summer is often a chaotic time as folks make their move around school schedules among other items. In general, the Menifee real estate market is surely rising upward but that could quite possibly just be the summer time effect. Nonetheless, we are seeing elevated activity which is a fantastic thing! In each and every one of these reports, I pay attention to homes that are detached, single family residences priced below $1,000,000. I like consistent figures so you, the homebuyer, are seeing the exact same standards every time. Let us go directly to the figures: Menifee Real Estate Analysis Update - July 2011 Total # of Active Houses Listed - 260 Average Active List Price - $ 221,861 Menifee Houses Sold in June...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
Cameron Wilson | Century 21 Tri Valley Realty | (951) 566-7438 31212 Palomar Road, Menifee, CA Fantastic home with new interior paint and carpet built in 2004. 4BR/3BA Single Family House offered at $224,900 Year Built 2004 Sq Footage 2,374 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 2 Parking 3 Car garage Lot Size 7,841 sqft HOA/Maint $30 per month DESCRIPTION You will fall in love with this beautiful ready to move into home. Built in 2004 it has room for the whole family and features a hard to find downstairs bedroom with a semi private bathroom. The formal living room along with dining room has vaulted ceilings and the huge family room has a fireplace and looks out into the backyard with it's many palm trees. The chef in your family will love the kitchen with pantry adjacent to th...
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By Bill Ness, 55Places.com, Active Adult Community Guide
(55Places.com)
Ryland Oasis in Menifee, California is a golfers dream come true surrounded by the 36-holes of the Menifee Lakes Country Club. This gorgeous active adult community for residents age 55 and better boasts attractively priced homes, a fantastic southern California location and a wonderful collection of amenities. Built between 1999 and 2005, Ryland Oasis is today home to 1,154 single-family style homes. Located within an hour of either the ocean or the desert, the unique location is one of the community’s greatest attributes. It’s centrally located to San Diego, Orange County and Los Angeles. Residents enjoy vast options for shopping, dining, entertainment, cultural attractions, golf and outdoor recreation all within minutes of the community. The Promenade at Temecula is a popular shopping...
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By Kristi Harden, Menifee Short Sale Specialist
(Keller Williams Temecula Valley)
Stop Foreclosure in Menifee Kristi Harden-Keller Williams Temecula Valley I figured it was about time I wrote a blog about my goal to stop foreclosure in Menifee. It's the name of my website, www.StopForeclosureInMenifee.com. But I want to make it clear that Menifee is not the only area I serve. I help homeowners throughout the Temecula Valley. And if you are overwhelmed, late on payments, facing the prospect of foreclosure, and need the help of well trained professional who has your best interest at heart, I am here to help. According to Lender Processing Services (LPS), over 6.32 million homeowners missed their mortgage payments in April 2011. Another four million have missed more than three months of payments and are now considered seriously delinquent. If you or someone you care abo...
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By Kristi Harden, Menifee Short Sale Specialist
(Keller Williams Temecula Valley)
Short Sale vs. Foreclosure? Advice for Menifee Homeowners Attention Menifee Homeowners: You make the call! I get the question from Menifee homeowners all the time: short sale or foreclosure, which is the better option? My knee-jerk reaction is always “Are you kidding? Short sale, of course!” This has been mostly because I was always under the impression that a short sale, although still a ding on your credit, was gentler on the score than a foreclosure. But according to a recent blog post by FICO Banking Analytics, there is no real difference in the affect a short sale or a foreclosure has on your credit score. Both the impact in points and the time to fully recover is about the same for both events. As a CDPE (Certified Distressed Property Expert) and as a Short Sale Specialist in Meni...
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By Stefan West, Temecula-Murrieta-Menifee CA Real Estate
(West Realty)
It is another beautiful day in Menifee! Spring and Fall are my two favorite seasons.  I know Summer can get a little cooking but that is also when the Menifee real estate markets hits its peak.  I think we are already starting to see increased activity and a slight increase in property values. So let's hope this trent continues as we move into the formal Summer months. For the purpose of this update, I want to be very specific about the criteria I am drawing from.  This data is for only single family homes that are 3+ bedrooms and 2+ bathrooms.  They also have to be priced uner $1,000,000.  Honestly, there aren't a lot of homes going up that high but I want to capture all single family homes while excluding Menifee townhomes and condos.  The sold numbers are drawn from the month prior -...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Menifee Bank Owned Homes, Menifee Investment Homes   The Median price for a Menifee Bank Owned Home is currently under $200,000, making Menifee a great place for Investors or homeowners who are looking for a great deal.   This Menifee Bank Owned home is a 4 bedroom, 2 Bath, 2000 sq. ft. home and is priced at only $184,000.   This home would rent for approximately $1700,00 per month, according to www.rentometer.com The original price of this home was almost $400,000.  Menifee has great schools according to the Great Schools Website, the Menifee Union School District is rated 7 out of 10.  Schools are always a very good way to gauge a community.  Consumers want to live near highly rated schools.   Here's a graph showing the closed sale prices of Menifee Bank Owned Homes, Riverside County,...
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By Kristi Harden, Menifee Short Sale Specialist
(Keller Williams Temecula Valley)
Menifee, CA - Real Estate Market Activity May 2011 May 18, 2011 The following summarizes Real Estate market activity in Menifee, CA over the past 30 days. 109 Homes went on the market in Menifee, CA in the past 30 days. The minimum list price for these homes was $79,900. The maximum list price amongst these new listings was $345,000. The average list price of these homes was $217,617. 20 homes went pending in Menifee during this time period, The minimum list price for these homes was $90,000. The maximum list price amongst these new listings was $356,000. The average list price of these homes was $201,437. If it's time to talk to a professional who knows, Menifee, CA Real Estate or if you have specific questions relating to your property in Menifee, give me a call at 951.704.6370 or ema...
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By Kristi Harden, Menifee Short Sale Specialist
(Keller Williams Temecula Valley)
Menifee, CA Real Estate Residential Market Dynamics | April 2010 - April 2011   MARKET DYNAMICS - MENIFEE - SUPPLY & DEMAND In April, 2011 there were 472 homes on the market for sale in Menifee. That is 103 fewer homes than at the same time last year. There was a -17.9% drop in the number of homes for sale in Menifee over the past year. The number of Menifee homes under contract in April, 2011 was 112. That is 9 fewer homes and a 7.4% decrease from April, 2010's 121. 80 properties that sold last month in Menifee, compared to 94 a year ago in April, 2010, for a 14.9% decrease. MARKET DYNAMICS - MENIFEE - MEDIAN PRICE The median list price in Menifee dropped by only $900 from $199,900 in April 2010 to $199,000 in April 2011, signaling only a -0.5% change. There was a -9.3% change in the a...
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By Stefan West, Temecula-Murrieta-Menifee CA Real Estate
(West Realty)
What a fantastic day!Today Menifee featured a 76 degree and no cloud stunner! I hope you enjoyed it as much as I did - umm sitting at my computer! Enough chit chat, here's the scoop - starting this month I will plan to update this blog montly with information regarding the Menifee real estate in the following format: ·The number of Menifee Homes currently listed on the market ·The previous month's number of Menifee homes sold ·The average days on market to sell the homes ·Both the current average list price and the average closing My overall goal is to provide consistent Menifee real estate update for Menifee owners, potential home buyers, and future Menifee citizens.This data will give you a solid trend pattern of the Menifee Real Estate market as the year unfolds. I will also include ...
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By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
This post has nothing to do with Reverse Mortgages.  I'm just a proud aunt showing off my awesome family! My nephew, John Butler, a Realtor here in Southwest Riverside County has the most engaging personality you could imagine!   My Sister, Beth, another Realtor who specializes in Horse Property. My sister in law, Gina, a Realtor on John's team in Temecula. My sister Mitzi's mother in law Beverly, a Realtor and loan officer in Wildomar for the last 30 years. and of course myself, Reverse Mortgage originator, past escrow officer and Realtor....  (I probably forgot someone!) It just runs in the family!   Here's John's latest Video!
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By Kristi Harden, Menifee Short Sale Specialist
(Keller Williams Temecula Valley)
102 Homes went on the Market in Menifee, CA Last Month April 21, 2011 102 Homes went on the market in Menifee, CA in the past 30 days. The minimum list price for these homes was $60,000. The maximum list price amongst these new listings was $799,000(A 9 bedroom, 6 bath!). The average list price of these homes was $229,467. 25 homes went pending in Menifee during this time period, The average list price of these homes was $185,746. There was one closed sale in Menifee in the past month. The list price was $219,000, and the sales price was $210,000. The seller(s) achieved nearly 96% of their asking price. If you have specific questions relating to your property in Menifee , give me a call at 951.704.6370 or email me at kristiharden1@gmail.com. For a complete listing of Menifee homes and t...
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By Bill Burchard, Broker, Realtor, Representing Buyers and Sellers
(3B Realty: 951-347-3818, CA)
My Professional Gardener Provides Excellent Menifee Lawn Care Service, Rain or Shine. Does your Menifee lawn and garden need help? Need lawns mowed, trees trimmed, or sprinkler systems installed? Call Jose Franco Menifee Lawn Maintenance Services (951-287-0704) for your lawncare needs. I think Jose is one of the best gardeners there is. Jose Franco has been my Murrieta gardener for years. He’s meticulous and reliable, showing up every week rain or shine. (Seriously! He’s shown up when it’s raining to trim trees, clip bushes, and weed planters!)  Jose cares for rose gardens, trims trees, clips hedges, and plants flowers. He weeds planters, mows and trims lawns, repairs yard sprinklers... and meets all of my landscaping maintenance needs. With Jose Franco, I don’t have to give my yard a s...
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