5 Reasons Why You Should Not For Sale By Owner!

5 Reasons Why You Should Not For Sale By Owner! – In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
Here are the top five reasons:

1. Exposure to Prospective Buyers 

Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the homes they actually purchased?
  • 51% on the internet
  • 34% from a Real Estate Agent
  • 8% from a yard sign
  • 1% from newspapers
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With 

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:
  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years. 
The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money When Using an Agent 

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.
Studies have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn’t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.
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Sky Country Community July Newsletter 2017

Sky Country Community July Newsletter 2017
Presented by Celina Vazquez
 
Summer Concerts in the ParkJuly 7th,14th,21st,28th
Hey Sky Country, Enjoy the summer nights with FREE concerts in the park. Yeah I said Free! Every Friday till August 25th from 7:30PM to 9:00PM at Harada Heritage Park. Located on the corner of Scholar Way and 65th Street. So bring your lawn chairs,blankets,food,etc and get comfy. There will also be vendors selling a variety of food and drinks at the park. If needed there will be additional parking located on 68th Street. See a variety of bands paying tribute to rock legends such as Bon Jovi, The Beatles, and more. For more information feel free to visit

www.eastvaleca.gov 

Swimming Lessons – July through August

Learn to Swim! Swimming lessons are available at Rubidoux and Jurupa Valley High Schools. There are leeson for Parent and Child and for swimmers 6 years and older. Summer Sessions are from Monday -Thursday from nature projects. Cost includes two local field you in next months newsletter. Feel free to call 9AM to 7PM the cost is 40$ per session and Non-residents is 50$. For more information 
call (951)361-2090 or visit JARPD.ORG 
Summer Day Camp – July through August
Summer Day Camp is now in session! Day campers will participate in various theme-based activities including arts & ing events, projects, or services you have. If so and for swimmers 6 years and older. Summer crafts, sports, group games, cooking, and nature projects. Cost includes two local field trips per session. Ages are from 6-12 years old and day camps are Mon-Fri from 8AM-5PM. More Info Call (951)361-2090 

Sky Country Announcements

Sky Country Announcements

Hey Sky Country, would you like to announce something to the community about any upcoming events, projects, or services you have. If so feel free to contact me to save a spot just for you in next months newsletter. Feel free to call 909-697-0823 or email at Celinalvz@gmail.com

Crime Report

Social Media
Living in Sky Country Area Stay Up to date on community news, events, and contests. Like us on Facebook to stay connected
Instagram: @celinavazquez1
Pintrest: Celina Vazquez
Twitter: @celinavazquez1
Facebook: facebook.com/skycountryjurupavalley
 
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Open House! 12716 Colonnade Dr Rancho Cucamonga CA 91739

12716 Colonnade Dr Rancho Cucamonga CA 91739

Open House!

WWW.12716COLONNADEDRIVE.COM
 
12716 Colonnade Dr Rancho Cucamonga CA 91739
Open House!
Celina Vazquez Broker/Realtor Brings to you another Premier Property located in The #VictoriaArbors of #RanchoCucamonga. This 2,840 Square Foot Home features 4 bedrooms, 3 full bathrooms, 3-Car Garage. One #bedroom is downstairs with a full bathroom. Gorgeous entrance with a large formal living room and formal dining room perfect for entertainment. The #beautiful #kitchen has large island, tile counters, built-in oven, high-performance built-in microwave and cooktop and large pantry. #Family room is adjacent to the #kitchen with cozy #fireplace. The #breathtaking master suite with sitting room and walk-in closets. Outstanding master bath with powder room, separate shower, his-and-hers vanities and oval tub.
If you love to #entertain this is the perfect home with the gorgeous backyard with a beautiful sparkling blue swimming pool, #BBQ #Island and outdoor fireplace.  This home has a large drive way and RV parking.
#Grapeland Elementary School, Etiwanda Intermediate School and #RanchoCucamongaHigh School are the designated schools of this area. The 15 Freeway, 10 Freeway and 210 Freeway are within minutes of this home.
The #VictoriaGardens is a beautiful shopping center pedestrian-oriented, open-air concept, mixed-used town center with stores such Macy’s, #JcPenney, #BassProShops, #Express, Banana Republic, #bebe, Brighton and much more. Great restaurants to dining in such BRIO Tuscan grill, California Pizza Kitchen, The #Cheesecake Factory, Crepes de Paris, #Lucille’s Smoke House, Bar-B-Que, #LunaMexicanGrill, Yard House and much more.
 For showings please contact Celina Vazquez @ 909-697-0823 or celina@celinavazquezrealtor.com


12716 Colonnade Dr Rancho Cucamonga CA 91739 Listed By Celina Vazquez Realtor from Celina Vazquez on Vimeo.

 

12716 Colonnade Dr Rancho Cucamonga CA 91739 Open House

12716 Colonnade Dr Rancho Cucamonga CA 91739

Open House!

WWW.COLONNADEDRIVE.COM
 
12716 Colonnade Dr Rancho Cucamonga CA 91739
Open House!
Celina Vazquez Broker/Realtor Brings to you another Premier Property located in The #VictoriaArbors of #RanchoCucamonga. This 2,840 Square Foot Home features 4 bedrooms, 3 full bathrooms, 3-Car Garage. One #bedroom is downstairs with a full bathroom. Gorgeous entrance with a large formal living room and formal dining room perfect for entertainment. The #beautiful #kitchen has large island, tile counters, built-in oven, high-performance built-in microwave and cooktop and large pantry. #Family room is adjacent to the #kitchen with cozy #fireplace. The #breathtaking master suite with sitting room and walk-in closets. Outstanding master bath with powder room, separate shower, his-and-hers vanities and oval tub.
If you love to #entertain this is the perfect home with the gorgeous backyard with a beautiful sparkling blue swimming pool, #BBQ #Island and outdoor fireplace.  This home has a large drive way and RV parking.
#Grapeland Elementary School, Etiwanda Intermediate School and #RanchoCucamongaHigh School are the designated schools of this area. The 15 Freeway, 10 Freeway and 210 Freeway are within minutes of this home.
The #VictoriaGardens is a beautiful shopping center pedestrian-oriented, open-air concept, mixed-used town center with stores such Macy’s, #JcPenney, #BassProShops, #Express, Banana Republic, #bebe, Brighton and much more. Great restaurants to dining in such BRIO Tuscan grill, California Pizza Kitchen, The #Cheesecake Factory, Crepes de Paris, #Lucille’s Smoke House, Bar-B-Que, #LunaMexicanGrill, Yard House and much more.
 For showings please contact Celina Vazquez @ 909-697-0823 or celina@celinavazquezrealtor.com


12716 Colonnade Dr Rancho Cucamonga CA 91739 Listed By Celina Vazquez Realtor from Celina Vazquez on Vimeo.

 

Do You Know the Cost of NOT Owning Your Home?

 

Do You Know the Cost of NOT Owning Your Home?

 

Do You Know the Cost of NOT Owning Your Home? – Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
Zillow recently reported that:
“With Rents continuing to climb and interest rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside, for the moment, the difficulties of saving for a down payment, let’s focus on the monthly expenses of owning a home: it turns out that renters currently paying the median rent in many markets could afford to buy a higher-quality property than the typical (read: median-valued) home without increasing their monthly expenses.”

What proof exists that owning is financially better than renting?

1. The latest Rent Vs. Buy Report from Trulia pointed out the top 5 financial benefits of homeownership:
  • Mortgage payments can be fixed while rents go up.
  • Equity in your home can be a financial resource later.
  • You can build wealth without paying capital gain.
  • A mortgage can act as a forced savings account
  • Overall, homeowners can enjoy greater wealth growth than renters.
2. Studies have shown that a homeowner’s net worth is 45x greater than that of a renter.
3. Just a few months ago, we explained that a family buying an average priced home at the beginning of 2017 could build more than $42,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment –along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be, better from a financial standpoint than renting.
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4 Tips for Effectively Making an Offer

4 Tips for Effectively Making an Offer

4 Tips for Effectively Making an Offer – So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:

1. Understand How Much You Can Afford

“While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”
This ‘tip’ or ‘step’ should really take place before you start your home search process.
As we’ve mentioned before, getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You will also need to know if you are prepared to make any repairs that may need to be made to the house (ex: new roof, new furnace).

2. Act Fast

“Even though there are fewer investors, the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.” 
According to the latest Existing Home Sales Report, the inventory of homes for sale is currently at a 3.7-month supply; this is well below the 6-month supply that is needed for a ‘normal’ market. #Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.
Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as soon as possible.

3. Make a Solid Offer

Freddie Mac offers this advice to help make your offer the strongest it can be:
“Your strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes, the condition of the house and what you can afford.”
Talk with your agent to find out if there are any ways that you can make your offer stand out in this competitive market!

4. Be Prepared to Negotiate

“It’s likely that you’ll get at least one counteroffer from the sellers so be prepared. The two things most likely to be negotiated are the selling price and closing date. Given that, you’ll be glad you did your homework first to understand how much you can afford.
Your agent will also be key in the negotiation process, giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.”
If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller, or cancel the contract.

Bottom Line 

Whether you’re buying your first home or your fifth, having a local professional on your side who is an expert in their market is your best bet in making sure the process goes smoothly. Happy House Hunting!
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3 Reasons the Housing Market is NOT in a Bubble

3 Reasons the Housing Market is NOT in a Bubble

 

3 Reasons the Housing Market is NOT in a Bubble – With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.
Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to obtain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.
Eventually, the excess in new construction and the flooding of the market with distressed properties (foreclosures & short sales), caused by the lack of appropriate lending standards, led to the housing crash.

Where we are today…

1. If we look at lending standards based on the Mortgage Credit Availability Index released monthly by the Mortgage Bankers Association, we can see that, though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s.
3 Reasons the Housing Market is NOT in a Bubble | MyKCM
2. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002-2006, they are below starts going all the way back to 1980.
3 Reasons the Housing Market is NOT in a Bubble | MyKCM
3. If we look at home prices, most homes haven’t even returned to prices seen a decade ago. Trulia just released a report that explained:
“When it comes to the value of individual homes, the U.S. housing market has yet to recover. In fact, just 34.2% of homes nationally have seen their value surpass their pre-recession peak.”

Bottom Line

Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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Gallup: Real Estate is Best Long-Term Investment 4 Years Running

 

Gallup: Real Estate is Best Long-Term Investment 4 Years Running

Gallup: Real Estate is Best Long-Term Investment 4 Years Running – Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below.
Gallup: Real Estate is Best Long-Term Investment 4 Years Running | MyKCM
The study makes it a point to draw attention to the contrast of the sentiment over the last four years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession.

Bottom Line

As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
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Inventory Shortages Are Slowing Down the Market

Inventory Shortages Are Slowing Down the Market

Inventory Shortages Are Slowing Down the Market – The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at NAR:

“Sellers are in the driver’s seat this spring as the intense competition for the few homes for sale is forcing many buyers to be aggressive in their offers. Buyers are showing resiliency given the challenging conditions. However, at some point — and the sooner the better — price growth must ease to a healthier rate. Otherwise sales could slow if affordability conditions worsen.”

Tom O’Grady, Pro Teck CEO

“The lack of inventory is very real and could have a severe impact on home sales in the months to come. Traditionally, a balanced market would have an MRI (Months Remaining Inventory) between six and 10 months.
This month, only eight metros we track have MRIs over 10, compared to 27 last year and 48 two years ago—illustrating that this lack of inventory is not being driven by traditionally ‘hot’ markets, but is rather a broad-based, national phenomenon.”

Ralph McLaughlin, Chief Economist at Trulia

“Nationally, housing inventory dropped to its lowest level on record in 2017 Q1. The number of homes on the market dropped for the eighth consecutive quarter, falling 5.1% over the past year.”

Freddie Mac

“Tight housing inventory has been an important feature of the housing market at least since 2016. For-sale housing inventory, especially of starter homes, is currently at its lowest level in over ten years. If inventory continues to remain tight, home sales will likely decline from their 2016 levels. …all eyes are on housing inventory and whether or not it will meet the high demand.”

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strongest at a time when there is very little competition. That could lead to a quick sale for a really good price.
 
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Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!
Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early! – If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

Freddie Mac

While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”

Lynn Fisher, Vice President of Research & Economics for the Mortgage Bankers Association

By the time we get to the fourth quarter of this year, we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”

Mark Fleming, First American’s Chief Economist

Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real estate.

Len Kiefer, Deputy Chief Economist for Freddie Mac

We will probably see rates higher at the end of year, around 4.5%.”

Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.
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