Open House! 4020 N Walnuthaven Drive Covina, CA 91722

Open House!
4020 N Walnuthaven Drive
Covina, CA 91722
$495,000
4020 N Walnuthaven Drive
Covina CA 91722

Open House August 19th – 20th

From 1PM – 3PM Saturday and Sunday

 
3 Bedroom / 2 Bathroom
1564 Sq Ft of Living Space
6339 Sq Ft Lot
Pool
Built in 1954
Your new Covina Pool Home Awaits you! This home will not last, too many features to list! Located in a desirable neighborhood in Covina, this move in ready home features a beautifully converted garage that can be used as a pool house, a guest house, or a rental unit, complete with its own full bath. The backyard features a sparkling pool and large covered patio with lighting and ceiling fans perfect for entertaining. The large pool is fully gated for extra safety and is heated for year round enjoyment! The main home features a spacious 1,564 sqft, 3 bedrooms all with ceiling fans, 1.5 baths, an open floor plan with a separate living room and family room, lovely fireplace for those cozy nights, beautiful laminate hardwood floors, upgraded kitchen with granite countertops and stainless steel appliances, new carpet, fresh paint through out, and an indoor laundry room! This home has also been upgraded with a tankless water heater, artificial grass in front yard, and Central Heating and Air! Plenty of parking for your vehicles with an automatic-gated driveway and covered/enclosed parking area that can also dual as a workshop area. The covered parking area also features ceiling fans and upgraded lighting and plenty of electrical, making it the perfect space to work on all of your projects! Detached converted garage square footage and bath not included in total sqft. Hurry today this will not last! Priced to sell!

Lowes Home Renovation Upskill Project Contest Riverside County

Lowes Home Renovation Upskill Project Contest Riverside County
Lowes Home Renovation Upskill Project Contest Riverside CountyHey Neighbors in the Riverside County Area. As your neighborhood Real Estate Agent i am addicted to houses and renovation and I just found a great opportunity for a home renovation. Lowes is hosting a Home Renovation Contest and all who live in the Riverside County Area are eligible to enter. Enter a video submission and fill out the application in the link here at LOWES UPSKILL PROJECT. You must be 18 years or older and submit a video showing the skills you want to learn in home renovation, the space you would like to renovate and  why its important to you. Consider smaller projects that have a big impact: painting, tiling, building, shelves, landscaping of flower beds, etc.
What You Can Win
  • $2,000 Lowe’s Gift Card

5 people will be chosen for the grand prize and will recieve a $2,000 Lowe’s gift card to use in             their home renovation project

  • Design Consultation Services 

Winners will also receive a design consultation to help bring to life their desired project, and learn a few design skills along the way.

  • Side-By-Side Instruction

To help complete the project, we’ll send an experienced teacher who will teach the necessary skills and techniques over two days. All projects materials and tools within the $2,000 project budget will be purchased from a local Lowe’s store.

  • Community Project

To help their neighbors gain confidence, winners may be asked to participate in a community event where they’ll share their newly learned project skills with others. Community events will take place in November , either at a Lowe’s store or with an existing community partner.

 

Entry Period – Submissions must be entered by August 14th
 
The Details
  • Video should not contain any individuals other than entrant and should not display or include any trademarked, copyrighted, or proprietary brand names, logos, images, or objects.
  • Video should not include music and should be between 60 and 90 seconds
  • Video must show your face, the space you want to refresh, and must explain and show exact refresh project you want to accomplish
  • Recommended formats include: MPG, MPEG, FLV, AVI, MP4, MOV, 3GP, WMV, MV4
The Scoring
Lowes will review every video and narrow down the selection based on a 100 point scale.
  • A maximum of 50 points for excitement and passion shown towards the project and learning new skills
  • A maximum of 30 points for providing a clear ad creative description of the skills you need for the project
  • A maximum of 20 points for providing a clear and creative description of why you want to improve your home

 

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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.

 

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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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.

 

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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Financial Planning: 4 Reasons to Buy a House Today

 

Financial Planning: 4 Reasons to Buy a House Today

 

Financial Planning: 4 Reasons to Buy a House TodayHomeownership will always be a part of the American Dream. There are advantages to owning your own home (educationalhealthsocial) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeownership in today’s post.

1. Buying is Cheaper Than Renting

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The report reveals that:
“Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation…Nationally, rates would have to reach 9.1% for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.”

2. Homeownership “Forces” You to Save

According to SavingAdvice.com, homeownership is a great way to save. Their advice is quite simple:
“Homeownership is a “forced” savings account because you own the home, you have no choice – that monthly housing cost has got to be paid no matter what…Homeownership can be an outstanding way to force yourself to be more frugal in the rest of your spending so that you can save and build equity in your home.”

3. Homeownership Offers Several Tax Deductions

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership. Here are three:
  1. Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage.
  2. Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.
  3. Taxpayers who sell assets must generally pay capital gains tax on any profits made on the sale.

4. Experts Expect Home Price Appreciation to Continue

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

Bottom Line

Some are afraid that home values may have already peaked. However, we believe that purchasing a home now will prove to be a sound financial decision for years to come. As Warren Buffet said, “When others are greedy, be fearful. When others are fearful, be greedy.”
 
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