Temecula, CA Real Estate News

By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
Are you thinking about buying a home in order to fix it up and flip it for a profit? Although flipping sounds like a fairly easy task once you have purchased the home, it’s not all that it seems. Make sure you are properly prepared. Costs of a Flip To be a successful “flipper” you have to “reverse engineer” the process. The first step is not how much you pay for it, but what it will be worth when it’s fixed up and ready to sell. First time out, you want to find a good real estate agent and lender to help you with many of these figures Read the complete article
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
California real estate and privacy and keeping your real estate purchases as confidential as possible. I've had several California real estate clients over the years, that have wanted to keep their real estate transactions private.   It's true, that when any property closes escrow it is recorded in the California, county in which it resides and that recorded document is public information. That's where the public real estate sites get most of their information that they post on Zillow, Trulia and all of the other sites where property history is available. I explain to my California real estate clients that although anyone can look up the physical address and see what date and  price a home sold for, if the the actual address was not attached to an individual person on title, the indivi...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Temecula FHA Homes:  The link to the left has a list of homes in the price range for borrowers who want to purchase using an FHA backed Loan. FHA Limits for Riverside County single family homes are currently $355,350.  (The links in this post are live links and update automatically)   If you want a specific type of home such as a single story home in Temecula or Murrieta or San Diego county, call me direct at (951) 757-6152, for a "customized", list of homes that meet your specific criteria.   If you qualify for an FHA insured loan then your down payment is 3.5%, of the purchase price which is lower than the various conventional loan products that are available to home buyers.  Since FHA reduced the FHA loan limits for 2014 in Riverside County from $500,000 to $355,000, many borrowers a...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Temecula FHA Homes:  The link to the left has a list of homes in the price range for borrowers who want to purchase using an FHA backed Loan. FHA Limits for Riverside County single family homes are currently $355,350.  (The links in this post are live links and update automatically)   If you want a specific type of home such as a single story home in Temecula or Murrieta or San Diego county, call me direct at (951) 757-6152, for a "customized", list of homes that meet your specific criteria.    Murrieta FHA Homes:   Murrieta Homes cost slightly less than Temecula homes and many homeowners looking to purchase a home in South Riverside County opt to purchase a home in Murrieta for that reason.  The link at the beginning of this paragraph features homes in Murrieta that are below $355,350...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
It appears from the calls I am getting from Temecula Home Buyers and the searches that consumers are doing on my website that the preferred price range for a Temecula home is $350,000 to $400,000.  In other words, there are more buyers who are qualified in this range, right now.  Here is a live link with properties in the Temecula Valley that are at least 4 bedroom homes and priced between the $350,000 and $400,000 price range.  Temecula Homes $300,000 to $400,000 Also, the number of bedrooms that these home buyers in Temecula are searching for is a 4 bedroom home with an attached garage.  If you are a home buyer looking for a Temecula home with different characteristics then please contact me at (951) 757-6152 to tell me more about what you are looking for. Inventory for Temecula homes...
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
This bulletin from CAR, which is in the, "Share It", section of the California Association of Realtor's news bulletin has some very interesting facts: The average household uses 174,000 gallons of water each year 57% of water usage goes to watering the grass and other landscaping usage This second bullet point about landscaping usage really surprised me!  It makes sense to have desert landscaping to prevent waste of water used only for ornamental use! Don't forget the retrofit law which states that by January 1, 2017 every residential property that was built prior to 1994 has to have the following: Toilets that use no more than 1.6 gallons per flush Shower heads with flow rates of no more than 2.5 gallons per minute Other interior fixtures that use less than 2.2 gallons per minute What ...
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By Terkel Sørensen, Realtor, 951.805.0773 , Bank owned and Short Sales
(Real Estate Places)
Understand the difference in Temecula between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). See South Temecula Homes for sale here. By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month. Some sales are not immediately available from public records. As they become available, the data are updated.   Market Inventory Trends  The number of active listings in Temecula (92592) increased by 9.2% from the previous month. The median number of days active properties have been listed is 47. This is significantly shorter than the national average. Get your Market Value for your Temecula Home now - no string attach...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
We’ve always heard that owning a home is a good move for your financial future. Your parents heard it and so did their parents. But the recent housing bubble has caused many to question whether that is still true. If you’re going to live in the United States, chances are you’re going to have to pay someone to live here. You can either pay a landlord and his mortgage or your can pay yourself. Whether homeownership is a good financial decision begins with making sure you own a home you can afford. The cloud that cast over homeownership has more to do with families owning a home they can truly afford than with the financial benefits. 7 Financial Benefits of Owning a Home Read the complete article
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By Marie Waite
(Finest Women in Real Estate)
This year’s IVBCF Spring Fashion Show event is the biggest and best yet! The IVBCF (Inland Valley Business and Community Foundation) presents our Annual Community Spring Fashion Show on Saturday April 26 in the ballroom at Pechanga Resort and Casino in Temecula.   IVBCF is a non-profit organization that brings business and community together.  This elegant and highly attended event highlights local companies in the Fashion Industry as well as many of our local Business Professionals and Community Talent.  IVBCF promotes the power of collaboration between local businesses and the community, which builds the businesses and strengthens the local economy, which it turns results in the positive growth of our community.  The IVBCF Spring Fashion Show also promotes our very own local talents w...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
Home buyers in California have to be glad that 2013 is over. After suffering through months of very few homes to buy, the most recent data indicates things are looking up for home buyers in 2014. The U.S. housing market softened in February. More homes went listed for sale, and fewer sales completed. It's good news for the spring season's early home buyers who may find the year's best deals in housing.   Related: A new weapon for home buyers for bidding wars The basic economic principle of “supply and demand” is evident when you look at the most recent housing figures. Homes Sold Falls To Lowest Level in 19 Months Read the complete article
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
If you’re buying a home in 2014, your experience will be unlike any home buyers before you have gone through. In January QM (Qualified Mortgage) guidelines became the law of the land and lenders are scrambling to interpret when they apply. In response to the fierce competition for homes in healthy metropolitan markets like most of Southern California, some mortgage lenders are taking steps to put buyers who must borrow on par with those offering to pay in cash. Did Ya’ Know? Lenders had more than 400 guideline changes in 2013? Read the complete post
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Temecula Luxury Home What's better than having a California luxury home located on a hilltop with incredible views on 15 gated acres?     It does not get much better than this when it comes to luxury homes in California, and just to prove my point that this Temecula mansion is only 36 miles to Carlsbad beaches I have placed a map from this De Luz Luxury home and the route that one would take if they wanted to go to the beach. This lovley Temecula, California Luxury Home also has it's own soundproof theater, huge gourmet kitchen with state of the art appliances,  a pantry that is so organized and unique it was featured in Better Homes and Gardens, a four car garage, two master suites, a disappearing edge pool, and because the views are so awesome and gorgeous I am including an aerial to...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
Now that you’re  emotionally and financially ready to buy a home, you can start to prepare for the actual journey down the path to homeownership. Make no mistake buying a home is a journey that will be filled with high hopes and a few unexpected surprises  along the way, but like any “road trip” worth taking when you finally arrive at your destination the rewards, financial and emotional will be worth it. Looking back at the housing bubble of a few years ago, it’s easy to point fingers but one of the primary causes was that home buyers got caught up in the heat of the market. They decided they wanted to be homeowners, got in the car and bought a house. The availability of “funny money” facilitated it to be sure, but when the first “life event” struck, they found themselves in a home the...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
According to the National Association of REALTORS®, 25% of home buyers are single. Many of these non-married buyers, buy homes jointly with other non-married buyers such as boyfriends, girlfriends or partners. The First Rule of Real Estate: “If it’s not in writing it didn’t happen” Non-married buyers get almost no estate-planning protection on the state or federal level which can result in a legal disaster if you don’t take steps to protect the interests of both parties. Read the complete post
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By Sidney Kutchuk, Property Management & Sales Experts 951-217-6745
(Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745)
How I use to waste my time doing short sales on the phone with Ocwen. Enjoy the Music.   http://t.co/K6ZJM2kFvi
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By Sidney Kutchuk, Property Management & Sales Experts 951-217-6745
(Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745)
What do these 7 Red arrows mean?All these arrows are pointing DOWN in this search. I did this search tonight while I was looking for a home for a Temecula buyer. It hit me that almost half of the homes showed a price reduction (Red Arrows ). Looks to me that many of the sellers in our Temecula market have gotten too aggressive with their pricing and are now chasing their tails to correct to the market or maybe their agents told them their homes were worth more to get a listing (Oh no! ). What do you think?      
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By Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula
(Realty Works Temecula)
Lovely Meadowview Home Temecula Sold!!    Very lovely architecture with high ceilings, skylights, arched doorways and pot shelves.  Some of the chararacteristics of a high end custom built Temecula home! Negotiated price was $552,000. This was a transaction filled with many twists and turns but it closed with everyone reasonably happy as well.  First there was the illegal addition that had to be remedied and since the home was vacant for awhile it needed quite a bit of determiniation on what the deferred maintenance cost would be to satisfy the new buyer.   Price adjusments went on for weeks but like I stated both buyer and seller, and agents are happy!     Meadowview is an area in central Temecula with large lots ranging from 1/2 acres to 3 acres.  Home sizes range from smaller ones sl...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
 New Temecula Condos For Sale   The heart of Temecula will soon have the fully developed BelVista Attached homes completed; yet there is still an opportunity to buy one of these lovely units and be the first to occupy a brand new home perched above the Temecula Duck Pond and all of the great retail, professional and restaurants that Temecula has to offer.  Located just minutes to the mall, a short walk over the freeway to Old Town Temecula and just down the road from Temecula Wine Country there could not be a better location to call home.  There are bike trails, walking trails and even horseback riding trails nearby.  If you have a busy lifestyle and want to be in the midst of it all, with nothing but options on where to go and what to do while having minimal maintenance responsibilitie...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
When home buyers begin their home search on the internet it often begins with perusing neighborhoods. What do home buyers want in a neighborhood? This infographic from CAR (California Association of Realtors) illustrates what they want.
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By Sidney Kutchuk, Property Management & Sales Experts 951-217-6745
(Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745)
Temecula Ca 92591 Market Report for Feb 2014 )
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