Category Archives: FULLERTON HOMES

Housing Recovery, has begun…


September 10, 2012

 No matter which way you do the arithmetic the answer will always come out the same way. And really, that’s a positive. When you own a home you are going to pay off the mortgage and be done with it.  If you were to buy a home today in 2042 you will be free and clear, it would be all yours!  No more monthly payments…what a great goal to have. You can will it to your children or anyone you like. Yes, after you pay it off you will still have to pay your property taxes, but the monthly dollar amount will be a fraction of what the mortgage was. Consider what rents might be in 30 years. Would you rather be paying an inflated monthly lease or rent in 30 years, or just be paying the taxes on your home? I know what your answer is. It is just that simple. Smart people do everything possible to own their own home. Write out a plan; Scrimp and save for the down payment. Where can you save more money to go towards your down payment/closing costs of your new home? You only need 3.5% if you go with an FHA Loan, or if not 5 to 15% . Or if you can put 20% down you will not have to pay PMI insurance which is a safety net for the banks and lenders. That is usually the price of a modest car payment. Remember do not finance ANYTHING when you are preparing to buy a home. You will lower your price point; Loan to Dept Ratio and have to buy a lower priced  home perhaps not in the neighborhood you desire. Be careful when considering buying a new car or financing furniture, remember DON”T DO IT! Just good Advice:  Don’t pay for anything new in your rental unit…carpet/flooring, patio covers, sinks, faucets, make sure you have the owner do all the up grades and repairs. That money should not come out of your pocket, but should be going into that down payment savings account.

Today home prices are going up slightly, which means the sooner you can purchase a home the better. Stop giving your hard earned money to your landlord…who is making a mint off you.

Renee Baccaro Realtor “At Your Service”.

(562) 972-9886

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Just Listed In La Mirada Somerset gated Community


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BANK OWNED – FULLERTON HOME


Renee Baccaro  Residential   Wed, Jun 1, 2011 09:17 AM  Ref: 1
Single Family Residence  Detached  RES Expired  701 S EUCLID St  Fullerton (FUL)  Price $409,000*
Click for more pictures ... 
Fullerton (83) Zip 92832- TGNO 768F1
Orange County (OR) XSTS N/ ORANGETHROPE Aerial Map

P768251 Media: 1 Builder Tract * (OTHR)
Bed 3 Model (*)
Baths 2 Style Vintage Stories One Level Floor
View No View HOA Dues $ 0 + $0 Land Lse/Yr $
ASqFt 1,404   Assessor YrBlt 1955  Assessor Land Fee
ALotSize 7,011 Assessor  Dim Acres
Prkng
Garage, # cars 1   Rem # Uncovered Spaces Cprt # Garages RV Acc Range $: No
Range Price Listing: No

CHARMING SINGLE STORY FAMILY HOME BUT ZONED FOR COMMERCIAL…GREAT FLOOR PLAN WITH LARGE FAMILY ROOM. LOAD OF PARKING WITH ALLEY ACCESS..3 GENEROUS BEDROOMS AND MASTER HAS ACCESS TO 0.75 BATH..HARDWOOD FLOOR..EXCELLENT LOCATION FOR THE FUTURE COMMERCIAL OR INCOME PROPERTY.. THIS IS JUST WAITING FOR THE RIGHT BUYER AND INVESTOR. 
Directions N/ORANGETHORPE & W/EUCLID
Special Conditions: Standard Sale or Lease/None


Rooms

Bedrooms Living Rm
Kitchen Dining Living/Dining Combo
Total Baths 2 Full Baths 1 3/4 Baths 1 1/2 Baths 0 1/4 Baths 0  
Baths Desc
Other


Amenities

Pool No Pool
Spa No Spa
TV Water Heater
Firepl
Appliances
Other
High or Mid-Rise Amenities
Security


Interior

Heating Forced Air Cooling Central Floors Hardwood  
Interior Misc  
Disability Access None


Exterior/Structural

  Entry Location Ground Level w/steps Common Walls  
Roof Composition Plumbing Patio  
Cond Sprinklers   Doors/Windows
Structures, Other  
Exterior Construction Concrete    


Lot Description

APNO 031-306-11 Zoning Lot/Block/Tract 105//2339
Lot Legal  
Sewer In, Connected & Paid Water District/Public Water District Yard
Distance to Beach (miles)


Community/Association

HS Dist Fullerton Joint Union High School District Elemen Junior High Sch
Amenities
Units HOA Dues $0  + $0       Mello Roos No  
Land  Fee Land Lse/Yr $
City Inspection Required No Builder’s Name


Listing Activity

LP/SqFt $291.31 Orig Price $399,000 Prev Price $399,000 Current Price $409,000 COE/End Date: 5/31/2011


Contact Information

Presented By: Renee Baccaro, CAR, CRS, NAR, PWR, SFRDRE License: 01718366Preferred Phone: 562-972-9886Preferred Phone Ext: Agent Direct Phone Number: 562-972-9886Agent Toll Free Phone Number: Preferred Fax: 1-415-748-3200Mobile Phone: 562-972-9886Pager: Voicemail: Blog:  Office Phone: 800-219-9169Primary e-mail address: reneebaccaro@gmail.comWebsite address: goaskrenee.comOffice Name: Villa Group R.E. & Mortgage

September Numbers are in…for CA


Well, Quick Data has them…and here they are, like em or not.

California September Home Sales

October 21, 2010
An estimated 33,176 new and resale houses and condos were sold statewide last month. That was down 3.1 percent from 34,239 in August, and down 17.5 percent from 40,216 for September 2009. California sales for the month of September have varied from a low of 24,460 in 2007 to a high of 68,114 in 2005, while the average is 44,310.

The median price paid for a home last month was $265,000, up 1.9 percent from $260,000 in August, and up 5.6 percent from $251,000 for September a year ago. The year-over-year increase was the 11th in a row, following 27 months of year-over-year declines. The bottom of the current cycle saw a median of $221,000 in April 2009, while the peak was $484,000 in early 2007.

Of the existing homes sold last month, 35.8 percent were properties that had been foreclosed on during the past year. That was up from a revised 35.7 percent in August and down from 41.7 percent in September a year ago. The all-time high was in February 2009 at 58.5 percent.

Now that the elections are over we can focus on our own lives again…and go back to our daily humdrum activities we creators of habit require. We will have to live  with out the entertaining commercials watching the candidates tormenting each other spending millions of dollars to do so, will we all struggle to pay our cable bill. Oh yes, the  holidays are just around the corner. Corporations like Toys R Us,  Best Buy, and JC Penny’s are hiring for the up coming holidays, so get your teens out there and put a pen in their pocket before you push them out the door!

I am reading the same old negative news from our  economist and politicians to prepare for a tight light 2010 holiday season. We are told to prepare for a tighter 2011 as well. Now, I have always enjoyed being an optimist, but I realize right now that  may be self-sabotaging as far as believing things will miraculously turn around in our California Real Estate Market. I am a Realtor in southern California, hard to see ahead with out shuttering a bit. There are thousands of foreclosures waiting to be listed by Freddie Mac and Fannie Mae. How can that be a good thing?  With Short-Sales and so many vacancies. Well, lets look at the positive aspects; no matter what happens if you buy a home now you will pay a very low price and if you get a loan you can lock in in at alarmingly low-interest rates. How can that be a bad thing? For the buyers its fantastic. For the Sellers, if you plan on selling your home and purchasing another home. In this instance you will benefit from a lower property tax rate by purchasing a lower-priced home. Therefor, there is a benefit for each side.

Call Renee Baccaro Realtor Short Sale Specialist with The Real Estate Geeks!                                                                                           

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Links: The entire article: OC City list of sales for Sept.

http://bit.ly/aYGsC

 http://bit.ly/dCSegZ


10% Jump in September Existing Home Sales


Daily Real Estate News  |  October 25, 2010  |  

10% Jump in September Existing-Home Sales
Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of REALTORS®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, rose 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but remain 19.1 percent below the 5.60 million-unit pace in September 2009 when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.

Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions,” he said.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.35 percent in September from 4.43 percent in August; the rate was 5.06 percent in September 2009.

The national median existing-home price for all housing types was $171,700 in September, which is 2.4 percent below a year ago. Distressed homes accounted for 35 percent of sales in September compared with 34 percent in August; they were 29 percent in September 2009.

NAR President Vicki Cox Golder said opportunities abound in the current market. “A decade ago, mortgage rates were almost double what they are today, and they’re about one-and-a-half percentage points lower than the peak of the housing boom in 2005,” she said. “In addition, home prices are running about 22 percent less than five years ago when they were bid up by the biggest housing rush on record.”

To illustrate the jump in housing affordability, the median monthly mortgage payment for a recently purchased home is several hundred dollars less than it was five years ago. “In fact, the median monthly mortgage payment in many areas is less than people are paying for rent,” Golder said.

Housing affordability conditions today are 60 percentage points higher than during the housing boom, so it has become a very strong buyers’ market, especially for families with long-term plans. “The savings today’s buyers are receiving are not a one-time benefit. Buyers with fixed-rate mortgages will save money every year they are living in their home – this is truly an example of how home ownership builds wealth over the long term,” Golder added.

Total housing inventory at the end of September fell 1.9 percent to 4.04 million existing homes available for sale, which represents a 10.7-month supply at the current sales pace, down from a 12-month supply in August. Raw unsold inventory is 11.7 percent below the record of 4.58 million in July 2008.

“Vacant homes and homes where mortgages have not been paid for an extended number of months need to be cleared from the market as quickly as possible, with a new set of buyers helping the recovery along a healthy path,” Yun said. “Inventory remains elevated and continues to favor buyers over sellers. A normal seasonal decline in inventory is expected through the upcoming months.”

A parallel NAR practitioner survey shows first-time buyers purchased 32 percent of homes in September, almost unchanged from 31 percent in August. Investors were at an 18 percent market share in September, down from 21 percent in August; the balance of purchases were by repeat buyers. All-cash sales were at 29 percent in September compared with 28 percent in August.

Single-family home sales increased 10 percent to a seasonally adjusted annual rate of 3.97 million in September from a pace of 3.61 million in August, but are 19.5 percent below the 4.93 million level in September 2009. The median existing single-family home price was $172,600 in September, down 1.9 percent from a year ago.

Existing condominium and co-op sales rose 9.8 percent to a seasonally adjusted annual rate of 560,000 in September from 510,000 in August, but are 16.2 percent lower than the 668,000-unit level one year ago. The median existing condo price was $165,400 in September, down 6.2 percent from September 2009.

Existing-home sales by region:

Northeast increased 10.1 percent to an annual pace of 760,000 in September but are 20.8 percent below September 2009. The median price in the Northeast was $239,200, which is 1.4 percent below a year ago.

Midwest jumped 14.5 percent in September to a level of 950,000 but are 26.4 percent below a year ago. The median price in the Midwest was $139,700, down 5.2 percent from September 2009.

South sales rose 10.6 percent to an annual pace of 1.77 million in September but are 14.9 percent lower than September 2009. The median price in the South was $149,500, down 2.6 percent from a year ago.

West increased 5.0 percent to an annual level of 1.05 million in September but are 16.7 percent below a year ago. The median price in the West was $213,600, which is 4.9 percent lower than September 2009.