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Home Buyers Beware of this Pitfall

Home Buyers Beware of this Pitfall

Home Buyers Beware of this Pitfall In over 20+ years of selling residential real estate I sometimes forget to tell my home buyers the “one thing” NOT to do. What is that? Do NOT make financial changes without consulting your lender and Realtor. Why? Because it could affect your loan to income ratio and knock you out of the sale. Two examples: 1. A client who was close to the qualification line got excited and ordered all new appliances for his new home before closing. The panicked lender called and told him to cancel the order because it just showed up on his credit. By the way, the lender checks your credit the day before closing. 2. Another client had a line of credit on there first residence. After getting a pre-approval and going into escrow on a replacement home, they withdrew a large amount from the credit line. Not good. 3.  Here is another that seems to make sense on the surface. My client who worked in the tech field was in escrow to buy a home. He received an offer from a competitor at a much higher salary. Good, right? He took the job and the day before closing the lender called his employer who says, “he quit”.  Alarm bells went off and the closing was cancelled. It took a couple more weeks to have the lender verify the new job (thankfully in the same field) and resubmit to the underwriter. He did get the loan but but in a completely different time frame which of coursed fouled up everyone’s moving plans, truck rentals, etc. Your lender...

Woodbridge Beauty Inside the Yale Loop in Irvine Calif.

Woodbridge Beauty Inside the Yale Loop in Irvine Calif. 67 Nighthawk Irvine CA 92607  Offered at $1,250,000. This four bedroom three bath home, with a downstairs bed and bath is located in the coveted Yale Loop area of Irvine. Families flock to this area to take advantage of the award winning schools of Woodbridge HS and Lakeside Middle Sch. Irvine Lake is just a few blocks away with wildlife, beaches and docks. There are multiple parks, pools and a fabulous tennis complex associated with the area as well. The HOA is only $97 per month.   The home has a spacious 2400 sq ft and has been updated with new windows, new cabinetry, new furnace and more. 67 Nighthawk is located on a quiet street and the lot has a private back yard and side patio. It is “inside the loop” as locals like to say. The three car garage is spacious and has storage. Three bedroom and two remodeled baths are upstairs and there is a main floor bedroom and bath with shower. The family room is large and the living room dining room is spacious and open. Call or text Ron Buck at 949-456-0505 for a private showing. RonBuckGroup@gmail.com...

Beautiful Home Great Opportunity in Rancho Niguel Subdivision

Beautiful Home Great Opportunity in Rancho Niguel Subdivision This home is on the corner in the Sea Country tract of Rancho Niguel. Absolutely everything is upgraded with new white kitchen and gray quartz granite and wood floors. All the baths are upgraded and the windows are new. This one will not last. Only one block walk the famous Club at Rancho Niguel and three blocks to the Laguna Niguel Regional park and lake. Three beds, 2.5 baths and 1358 sq ft in a detached property with two car garage. Call Ron for showing at 949-456-0505.   The owner has his eye on a replacement property to this home which is new on the market is a great opportunity. Everything is remodeled. Award winning Bergeson Elementary School is just  a half mile up the hill and the other schools are Aliso Viejo Junior and Aliso Niguel High School. 1% property tax and no mellow-roos bonds. Call for showing. Ron Buck, Keller Williams Realty dre#01364665...

Rancho Niguel Open House You Don’t Want to Miss Saturday

Rancho Niguel Open House You Don’t Want to Miss – Saturday 10/27/2018 1-4:00 This property is highly upgraded and sits at the end of a quiet cul-de-sac in Rancho Niguel. The price has dropped significantly and is a great opportunity. Come and visit Ron Saturday between 1 and 4. 24551 Via Carlos Laguna Niguel CA   Price $845,000 This home has 1865 sq ft and the sales this year have run from 760K to 927K. This one has many upgrades and is super quiet. Come and learn about other great deals from the Rancho Niguel Expert. (This open house is with permission of the Realtor – relative of the seller.) Ron Buck, Realtor Keller Williams Realty  949-456-0505  www.ronbuckgroup.com ...

Open House in Mirador Tract of Laguna Niguel Sunday 12:30 to 3:30

Open House in Mirador Tract of Laguna Niguel Sunday 12:30 to 3:30 Open House Sunday 1/7/2018 from 12:30 to 3:30. Priced reduced to $543,500. Two bedrooms plus den and fully upgraded with all new kitchen and baths.             Evreything is remodeled. New kitchen and baths plus new flooring, blinds, plumbing, AC and furnace, duct work and much more. This community is only two blocks from the Laguna Niguel State Park and Sulfur Creek Res. Optional membership in the Club at Rancho Niguel. Home has one attached garage and a carport. Great views of the sunset and hills. Price is $543,500. Call Ron Buck 949-456-0505...

2018 Real Estate Predictions from Kevin Budde at BofA

2018 Real Estate Predictions from Kevin Budde at BofA California Specific – 2018 real estate In 2018 the California housing market is going to be much better than some may have thought in 2017. This month begins my 43rd year in the mortgage industry and while I may not be an economist I have experienced many ups and downs over the years. Since 1975 I have been through 3 major housing downturns (1980-1981, 1990-1994, 2007-2011) and I want to point out the most significant factors creating another good year for the California housing market.   Housing Markets Turn Down In Bad Economies, Not Good Ones We are going to have a strong economic year in California in 2018. California is having robust job gains and the unemployment rate is at the lowest level in 4 decades, 1979 being the last time it was this low – 4.6%. Since 2012 the California economy has grown faster than that of the US as a whole. Job gains are happening across most industries. Technology, Educational and Health Services, Leisure, Hospitality, Business Services, Manufacturing and Construction. All industries are showing gains in employment. With a tight labor market employees feel their jobs are secure and the possibility of pay increases. They also consume more goods, services and homes which in turn creates more jobs.   The New Tax Bill – Don’t Fear It The corporate tax cut to 21% is now in place along with lower individual tax rates and higher child care credits. Business owners and corporate executives make up a large portion of the high-end California home buyers. They will see...