'Tis the Season for Wish Lists!

What kind of home would top your wish list? 

It largely depends on where you are in life.

Are you a first-time buyer with respectable DIY skills? An affordable fixer-upper could be just the ticket for your entry into homeownership.

Are you just starting out in life with a partner or spouse and plans to start a family? A property with spare bedrooms and a yard might be something to consider – or not. Some families prefer the convenience and amenities that come with living in a condominium complex.

If a yard is a must-have, then size and function are the next questions to ask yourself.  What do you like or want to do outside in your yard:  garden, entertain, exercise? Here’s a short list of possible requirements: 

• Covered or uncovered patio?
• Bar or outdoor refrigerator?
• Outdoor fireplace or BBQ hookup?
• Outdoor sound system or TV?
• Garden area?
• Pool, tennis court, basketball court, batting cage?
• Room for pets, horses, livestock?
• Outdoor storage for equipment (gardening, sports, supplies)?

Is a larger garage space for vehicles, a workshop, or storage on your list?

Maybe you are ready to move up to your dream home; or you simply want a house with more square footage to accommodate a growing family or extended family members.

What type of features do you want in your new home? Walk-in closets, upgraded/updated kitchen appliances and surfaces, fireplace, en suite bathrooms, large tub, large shower, updated fixtures and surfaces, insulated windows, updated ceiling texture, solid vs. hollow interior doors – there are countless options and details to consider. What’s really important is what meets your specific needs and appeals to you most!

On the other hand, are you looking to downsize? Maybe you travel often, or you’re entering retirement and want to reduce yard work and maintenance demands. Will you need a home with accessibility features such as ramps, wider doorways, easy-open door lever handles, or lower sinks and countertops?

Once you’ve asked yourself (and answered) these important questions, take your information to see a trusted real estate agent who will work hard to help you find and buy the perfect property to match your wish list!

Have you found a neighborhood you like but want more detailed information? Are there communities you’d like to compare? Try out my website Neighborhood & Schools tool here:  http://www.homesbynanette.com/pages/community-info

I’m a resident expert on Yorba Linda and north Orange County real estate – feel free to call me to discuss your new home wish list!

 Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Homeowners: Conserve Water, Go Native!

California's state flower: Eschscholzia californica

Water conservation has become a way of life for California homeowners.  For the second consecutive year, the state has been under severe drought conditions, with no end in sight. One of the conservation areas homeowners can dramatically control is the use of landscape water.  As fall comes to a close, why not swap out some of your water-thirsty landscape plants with drought-tolerant specimens native to southern California?

Compared to the usual plant choices at the local home center nursery, California natives require much less water, no additional fertilizer, and demand far less effort to maintain. Once established, they can survive and thrive on natural rainfall, are resistant to pests and disease, and in the long run, save homeowners time and money.  

Native plants offer an abundance of texture and color in the landscape. Many specimens offer dramatic displays that can also enhance your property’s curb appeal.  As a bonus, they provide a source of shelter and food for neighborhood birds and pollinators like honeybees, butterflies and hummingbirds.

These plants typically go dormant during hot summer months when they require very little water, if any. They are best planted in late fall to early winter when soil temperatures have cooled and the plants are poised to enter their growth season after Orange County winter rains.

  

Some excellent varieties for Orange County homes are:

• California lilac (ceanothus):  This comes in a wide range of growth habits from low and spreading to tall and tree-like. The flower cone comes in colors ranging from white to deep purple. Attracts hummingbirds, butterflies and honeybees
• California poppy:  The state flower; grows easily from seed scattered widely in the fall. It has semi-annual features in that it will die back after blooming in low- to no-water areas, but can remain evergreen if given regular water.
• Flannel bush:  Featuring dramatic bright yellow-orange blooms, this plant can be trained to grow as an espalier. Grows best in poor, unamended soil. After first season, do NOT water!
• Lupine:  This annual flower features tall flower spikes in a range of blues and purples and is often found in sunny open areas growing with California poppies. The flowers attract all types of pollinators and the seeds are a food source for some birds.
• Matilija poppy:  Dubbed the “fried egg” flower because of its large white petals and bright orange center, this tall plant does best in full sun with room to spread. It does not tolerate summer water.
• Mexican evening primrose:  A low-growing flower with pale pink, fruity smelling blooms. Good for hillsides in full sun and does well with low water.
• Penstemon:  This low growing plant features beautiful flower spikes, ranging  from pinks and corals to reds and purples. It is adapted to poor, dry soil, preferring full sun, but can tolerate some shade during the day. A favorite of hummingbirds.
• Purple needle grass: California’s state grass, this perennial grows in a medium upright bunch and is extremely drought tolerant. Its feathery purple tips move gracefully in the breeze and provide nesting material for birds.
• Sage:  This aromatic plant does well in Orange County gardens. Purple to white flower spikes attract hummingbirds, honeybees and butterflies. Leaves can be used in food recipes. Does well with low water and unfertilized soil.
• Toyon: A large bush; makes an excellent background screen or can be pruned as a small tree. Produces white flowers in summer and bright red berries in fall; can be used in cut floral arrangements. Flowers and berries attract a wide range of birds and beneficial insects.

Not sure which California native plants to choose for your home?  A number of local botanical gardens, arboretums and organizations offer a chance to see plantings of native specimens, while offering native gardening advice and even periodic plant sales:

Fullerton Arboretum – Fullerton

UCI Arboretum – Irvine

Rancho Santa Ana Botanic Garden – Claremont

Theodore Payne Foundation – Sun Valley

Already know what you want? Here is a directory link for native plant retailers in Orange County and points beyond, provided by the Metropolitan Water District :

http://www.bewaterwise.com/retailers.html#Anchor-Orange-47857

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Haunted by real estate's scary past? Holiday house hunters are out there!

The housing market has scared off scores of potential buyers and sellers over the past few years; and understandably so. Ghastly headlines about foreclosures, short sales, and job losses in a monstrously bad economy were enough to make even the most seasoned professional turn pale as a ghost.

In my experience though, there are encouraging signs everywhere for real estate, especially here in Orange County. For September 2013, sales are up nearly 9%, with a median price increase of over 22% compared to last year according to market analyst Dataquick.¹

More good news to ease your jitters:  Last week Dataquick reported that “the number of California homeowners entering the foreclosure process fell last quarter [Q3 2013] to the second-lowest level in seven and a half years.” The improvement is attributed to a combination of stronger job market, price appreciation, and government programs designed to help homeowners avoid defaulting on their loans.²

So now maybe your pulse has slowed, your knees have stopped knocking, but you’re thinking, “The market may be in better shape, but the holidays are nearly here. Who could possibly try to sell a house now?!”

Don't be afraid! People who are house hunting at the end of the year can usually be regarded as serious buyers. After all, it’s not the most convenient time to be looking for a house, so these people often have strong reasons for being in the market, whether they are related to tax issues, job relocation, or another pressing motivator. 

Another factor to consider: The holiday season is a naturally festive time of year, and if you decorate your home wisely, you can create a magnified appeal to motivated buyers. Plus, inventory of available properties does tend to be lower at year end, which means your home has an even better opportunity of being considered by those serious buyers.

Is this the right time to sell your home?  It very well could be!  Feel free to call me for an expert opinion on Yorba Linda or any other Orange County neighborhoods. 

¹ Dataquick http://dqnews.com/Articles/2013/News/California/Southern-CA/RRSCA131016.aspx

² Dataquick http://dqnews.com/Articles/2013/News/California/CA-Foreclosures/RRFor131022.aspx

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Selling or Staying? The Importance of Keeping Up with Home Repairs

Fall is here! Whether you’re getting ready to sell your property or just eager to give your home a tune up, this is the perfect time to tend to house repairs before California’s winter rains arrive.

Is your home in good repair for winter weather?

Make sure your roof is in good repair. The condition of the roof is an important factor in the sale of a home. It’s especially important in the middle of a rainstorm! A neglected roof usually waits for bad weather to deliver the soggy news that something is wrong. By then, it’s too late to avoid additional damage to the ceiling, walls, floors, furniture, or anything else in the path of the leak.  Examine your roof now while the weather is good -- look for signs of wear, damage, or any missing tiles or shingles. Some repairs are simple enough for the average homeowner to fix, but if in doubt, consult with a licensed roofing contractor.

Clear rain gutters. Throughout the year rain gutters collect more than just water:  Leaves, dirt, bird nests and other debris can jam the channel and block the flow of water. The ensuing backflow during a downpour can create a muddy mess in the very areas the gutter was meant to protect. To clear gutters, carefully climb on a ladder and use gloves to remove any large pieces of litter. Then use the garden hose to gently flush finer particles out and down the downspout. If you find that a large amount of debris collects in your rain gutters every year, specialized gutter screens from your local hardware store can be installed to keep the channels clear while allowing water to flow through.

Spruce up with paint!  Painting your home’s exterior can impress potential buyers, and it can also help protect against the damaging effects of weather. Before starting an exterior painting project, there are several preparatory steps you need to take: 

• Repair any exterior cracks. Check your stucco, masonry or siding material for large cracks and fill these with the appropriate repair materials to keep out water and pests.
• Check windows and doors. Replace or repair any gaps in caulking around windows.  Check the weather stripping on exterior doors and windows for water or air leaks and replace as necessary.
• Check for pests. Look along your foundation for signs of subterranean termites, and examine any exterior wood trim for termite damage. Small infestations may be treatable with products available from your local hardware store. But for larger or hard-to-reach locations, consult a professional pest control company.

Examine your furnace. The unit’s air filter should be replaced (or cleaned if reusable). If the pilot light is turned off during the summer, you can schedule a free visit from the Southern California Gas Company to have it relit and the furnace inspected.

Check the garden. It’s no longer nesting season for birds, so it’s safe to trim hedges and prune or thin trees. Prospective buyers will appreciate a neat and tidy landscape; but even if it’s for your own benefit, it’s especially important to maintain any trees that might sustain or even cause property damage due to broken limbs during high winds or rainstorms. Call a professional arborist if you are unsure about tackling this task.

Pay attention to home maintenance elements if you plan to sell, and your property will stand out with greater appeal to buyers.  Be diligent in keeping up with repairs, and your home will always be a place of comfort and respite from the outside world!

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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THE STATE OF REAL ESTATE: You Haven’t Missed The Boat!

The national average for a 30-year fixed rate mortgage crept up by 0.27% in the past month, causing home buyers to worry that they may have “missed the boat” and their opportunity to act on the market. Add to this the recent run up in home prices in some areas due to investor activity and it’s easy to understand the anxiety. 

The State of Real Estate: You haven't missed the boat!

It’s true:  investors have helped drive up the price of real estate in many parts of the country where distressed homeowners were forced into short sale or foreclosure situations. Bidding wars on bargain properties helped push prices up and, when combined with a cash offer, out of the reach of most lender-financed buyers.

Some analysts believe the investment property buying spree is beginning to level off, making it easier for traditional home buyers to compete for winning bids on their property of choice.

Reuters’ Margaret Chadbourn writes that investors are pulling back from the housing market as mortgage rates creep up in anticipation of the Federal Reserve scaling back on stimulus funding that came in response to the economic crisis that began in 2007.¹

Prices aside, it’s important to remember that even with the recent modest increases, mortgage rates are still in historically low territory.

Reporting on an investor conference in New York this week, Bloomberg’s Dakin Campbell shared the assertion of Wells Fargo CFO, Tim Sloan:

“We don’t believe that the recent increases in mortgage rates are going to in any way, shape or form snuff out the housing recovery. When you look at any sort of statistics in the demographics in terms of household creation as well as household affordability, they are still very attractive and should drive a continued recovery in the housing business.”²

The news is good for sellers. In Yorba Linda, for example, prices have climbed by double digits in every home size category compared with the same period in 2012.  Yet from a buyer’s standpoint, the average price for a 3-bedroom home in Yorba Linda has only increased 1% over 2008 levels. Also good news! ³

This may be one of those rare moments in real estate history where market conditions in areas like Yorba Linda are great on both sides of the deal!

Are you interested in moving to Yorba Linda and ready to look for a home in the area? Or are you a property owner and feel that the time is right for you to sell? Whatever your real estate goals, give me a call to schedule a free consultation about your options in this dynamic market.

¹Reuters

²Bloomberg

³Trulia

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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LABOR DAY WEEKEND: Don’t Take a Home Security Holiday!

In just a few days we’ll pause to celebrate one of the nation’s oldest holidays, established 119 years ago as a federal day of observance to honor the economic and social contributions of the American worker.

Don't give home security a vacation!

Today, Labor Day is popularly celebrated as a farewell to summer, marked by picnics, backyard barbecues, or last-minute getaways for families on the verge of a new school year. For retailers it’s one of the biggest sale weekends of the year, with many of their workers clocking in that day, and some even working longer hours. Ironic, isn’t it?

If you’re one of the millions planning to head out for a 3-day escape from the cares of the work week, make sure you take some simple steps to protect your home and property while you’re away.

1. Lock It Up:  You might think it goes without saying, but many people forget to check that their windows and doors are locked before leaving home.  

2. Tell Someone:  Tell your next-door neighbor to be aware of unfamiliar people or vehicles parked at your house. Even better, ask a neighbor to park one of their cars in your driveway while you’re away to give the impression someone is home.

Another important and often overlooked security measure is to notify your local law enforcement agency that you will be away, as well as who is allowed to be on your property during your absence. Many police departments will conduct free vacation checks on households if advance notice is given. Check your local agency’s website for program information.

3. Set Your Alarm:  Do you have a home security alarm? It’s useless unless it’s activated, so be sure to set it before leaving! Also, notify the service provider that you’ll be away, and give them a local emergency contact in your absence.

4. Leave a Light On:  Don’t broadcast the fact of your absence to intruders by leaving all your lights off at night. Light timers are an inexpensive intruder deterrent. Some units even come with multiple settings to turn on lights, radios, or televisions at different intervals at night. You can find timers at your local home improvement store.

5. Fido, STAY!  Have a dog? Consider leaving Fido home and ask a neighbor to look in on him morning and evening while you’re away. Barking dogs are a big deterrent to burglars. And so is the presence of a caretaker a couple times a day.

6. STOP the Presses:  Stop delivery of your newspaper for the days you are gone, or ask a neighbor to collect them promptly each morning. The same goes for your mail or any other regular deliveries that may fall on a day you’re away, including trash collection. Many of these services can be temporarily suspended via convenient online request forms.

7. Avoid “Dead” Giveaways:  A brown, dried-out lawn or dying outdoor potted plants are another sign that nobody is home to care for them. Make sure your landscape sprinklers are hooked up to an automatic timer, or ask a trusted neighbor or hired local teen to tend to your outdoor plants while you’re gone.

Taking these simple, inexpensive security precautions while you are away will give you one less thing to worry about, and many more hours of relaxation and recreation on your Labor Day weekend trip! 

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Back To School: A Lesson In Property Values

With just a few weeks to go before the “unofficial” end to summer, many families are already thinking about the new school year ahead. (Okay, so maybe just mom and dad are thinking about it.)

It's back-to-school time soon!

It’s time to evaluate the kids’ wardrobes, all the while marveling at how much they’ve grown over the summer. It’s time to assess the school supply inventory and hit the back-to-school sales. And it’s time to start thinking about getting the family back into a school-year routine.

School is such a huge part of family life, it’s no wonder that quality of schools is high on the list of requirements for families looking for a new place to call home.  Fortunately for anyone considering Yorba Linda for their new residence, schools also top the list of the city’s best features.

Great Schools = Great Neighborhoods

It’s no accident that Yorba Linda schools are high caliber. Residents declared their commitment to education when they passed Measures A and Y in 2002 and 2008, respectively. These bond funding programs have allowed the award-winning Placentia-Yorba Linda School District to add new schools and facilities, and bring much-needed modernization to existing campuses. As a result, we offer world-class educational resources and facilities for families who live in the area.

During summer 2013, PYLUSD has continued work on fulfillment of its Measure A goals:  Improvements and modernization at six schools, as well as the continued construction of the district’s new Performing Arts Center on the campus of El Dorado High School.

Having so many great schools also means Yorba Linda homeowners enjoy higher and more stable property values relative to neighboring towns. The June 2013 median home price in Yorba Linda was $717,000, while neighboring communities of Anaheim Hills, Brea and Placentia were $618,300, $551,700 and $535,400 respectively, for the same period.¹ 

Thinking of moving here? Interested in viewing some properties? Give me a call at (714) 924-0781. I’d love to show you around this great town I call home!

¹ Zillow.com

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Your Back Yard: Your Oasis.

Summertime means a lot more outdoor time, even in a place like southern California where near-perfect weather year-round supports virtually every type of recreation options on any given day. This is especially true in Orange County.

If you’re a homeowner, you probably already know the pleasure of having your own back yard, and for many, their back yard is their private oasis.

What do you like to do in YOUR yard?

A recent survey of homeowners reveals that more than a quarter of them nationwide enjoy spending time in the back yard for the sheer relaxation it affords. 

Seventeen percent put that private space to work with flower or vegetable gardens, and enjoy tending their plants regularly. And 14% cite spending time with family as the activity they enjoy doing most in their back yard.

Whether you’re in the market for your first or fifth home, you probably have some ideas about what you’d like to do in your new back yard. Maybe you have pets that need room to roam. Maybe you’d like more space to exercise your green thumb. 

Maybe you hanker for an outdoor entertainment area to host fun times with family and friends, play yard space for children, or room for a swimming pool or tennis court.

Here in Yorba Linda, the median lot size is larger than most in Orange County. In fact, there are many large, equestrian-zoned properties in the city with back yards that can accommodate not only a horse or two, but also more traditional recreation activities like swimming, basketball, and tennis.

What do you enjoy most in YOUR backyard oasis? What would you change? What’s on your “wish list” for your next home? Check out my Pinterest boards for ideas or feel free to call me if you’re looking for something specific in a property. Right now, I’m headed out to my own backyard oasis to enjoy the Orange County summer!

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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Orange County "Stay-cations" are IN!

The traditional, hit-the-road family summer escape is no longer the rule. And here in southern California, where the economy is coming back to life and recreation options are seemingly limitless, the “stay-cation” to enjoy local attractions is still IN for many homeowners.

Why travel miles from home when everything you want is nearby? World-famous themed amusement parks, museums, live theaters and music halls, shopping, dining, cultural centers, historic sites, zoos and aquariums, scenic mountains, beaches, deserts and islands, with quite possibly one of the best climates, are all within a one- to two-hour drive; Orange County HAS. IT. ALL.

The current high demand for Orange County real estate is certainly a reflection of the area’s appeal; our lifestyle, amenities and climate are enviable! Where I specialize in north Orange County, Yorba Linda’s average number of days a property is available on the market is currently around 40. What’s more, this number has been on a downward trend over the past seven months, meaning homes are selling quickly. If you live here, you know what a great place it is and why these numbers are not surprising. If you’re beginning your research on the area, I encourage you to read on:

Many Yorba Linda homeowners enjoy spending summer vacations relaxing at home in their own private backyard oasis. Families with young children might stage a backyard campout under the stars, but close to the comfort of a child’s familiar bed if a change of heart develops! Or some simply enjoy entertaining friends and family with a pool party and outdoor barbecue.

Day trips to hike, cycle, kayak, swim, fish, photograph or just explore are too numerous to count. There is something for everyone, at every experience level.

World-class shopping at places like South Coast Plaza, Fashion Island and the Irvine Spectrum, or brand-name deal hunting at The Outlets at Orange is enjoyed by some residents. 

Others prefer the thrill of a rollercoaster ride at places like Disneyland and Knott’s Berry Farm, or Universal Studios Hollywood, Magic Mountain, Legoland and SeaWorld at easily-accessed points outside the county.  

Culture, history, and the arts are alive and well in Orange County, too! Yorba Linda’s native son Richard Nixon built his presidential library here in town and filled it with fascinating records and artifacts from our country’s 37^th Commander In Chief. The summer Festival of Arts, Sawdust Festival, and Pageant of the Masters in Laguna Beach are very popular draws. The Orange County Museum of Art, Bowers Museum, Muzeo, Muckenthaler Cultural Center and Laguna Art Museum feature exciting art and cultural exhibits year round. And the renowned Segerstrom Center for the Arts offers live theater, dance, opera and musical performances for patrons of every age and area of interest!

Passionate about science and nature? A host of natural and physical science venues attract thousands in Orange County each year:  the Discovery Science Center, the Ocean Institute, Peter and Mary Muth Interpretive Center, Tucker Wildlife Sanctuary, Oak Canyon, Turtle Rock and Shipley Nature Centers are just a few to enjoy.

Of course, if you simply must get away from your home for a few days, Orange County is home to numerous resort properties and private Bed & Breakfast Inns that can certainly give you the pampered escape experience you crave.

Interested in moving to Yorba Linda or another part of Orange County? Looking for someone you can trust who’s an area expert? I’d love tell you more and show you some properties in this wonderful place I’ve called home for over 20 years!

Meanwhile, I think it’s time for my family and me to head out for a little local “stay-cation” summer adventure…

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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We knew it couldn't last forever: Mortgage interest rates are rising.

Last week, the average rate for a 30-year fixed mortgage rose by a full third to 4.46%. And while the new rate still pales in comparison to historical highs set back in the 1980’s, some experts believe this uptick along with recent comments from the Fed Chairman that the government may scale back on stimulus measures signify the beginning of a new upward trajectory for rates.

If you’re considering buying or selling a home, this increase and the trend it potentially signifies should motivate you to act sooner rather than later.

For buyers, the increase means a higher cost of home ownership with a higher monthly mortgage payment than if they’d bought last month.

For sellers, the increase may affect the ultimate value they are able to realize for their property since there may be fewer buyers willing to get into the market and commit to a purchase.

Ready to enter the market?

Whether you are a home buyer or seller, your local real estate agent is the first and best expert resource for everything from neighborhoods to lenders, home staging to escrow services.

A good agent will help their home-buying client clarify wants vs. needs in the home finding process; they will do the time-consuming legwork to find suitable neighborhoods and properties to show their client; they may provide access to flexible lending resources to assist their buyer; they will proactively serve their client’s interests by negotiating the best offer and terms possible; and they will coordinate all inspections and ensure the smooth processing of paperwork from the transaction, through escrow and closing.

A good agent will analyze the market value of their seller client’s property and help set a realistic asking price; they will assist with home staging work to ensure the property is presented in its best possible condition; they will market the listing through all appropriate real estate channels to maximize exposure; they will proactively serve their client’s interests by negotiating the best offer and terms possible; and they will ensure any contingencies are addressed swiftly and efficiently through the escrow and closing process.

Though I serve all of north and south Orange County, I’m a trusted area expert for north Orange County, especially Yorba Linda. Whatever side of the negotiating table they’re on, I consider myself the champion for my client, using the full extent of my years of professional experience to ensure the best possible outcome for their real estate goals. Call me today if you’re ready to take advantage of this dynamic real estate market!

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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First-Time Home Buyers: Don't Overlook This Step!

Most home buyers go through the experience of buying or selling a home only a few times in their life. Add to that the fact that those events are separated by a span of several years and it’s easy to forget the myriad of details involved. That’s where an experienced real estate agent proves an invaluable guide through the world they navigate every day. If you’re a first-time buyer, don’t attempt this journey alone!

Important First Step

In my many years as a real estate agent in Orange County, probably the most critical step I’ve seen first time home buyers overlook is the pre-qualification or pre-approval stage of the lending process. Knowing up front what type of loan and amount your lender will approve for you can really make or break your successful search for a home.

Why Pre-qualify or Pre-approve?

In this competitive real estate market where cash players and even multiple bids are common, sellers are more likely to consider buyers who come to the table with their financing prepared. Until you’ve talked to your lender, you won’t have defined that important piece of the home buying process.

It is actually preferable to get pre-approved for a loan rather than pre-qualified -- it involves gathering more detailed financial information and in some cases may even involve running a credit report. When you have a letter from your lender stating that you are pre-approved for mortgage financing, you put yourself and your agent in a better position for making a legitimate offer on your dream home when you find it.

What Does The Lender Want?

The lending business is based on risk assessment. The lower your risk of defaulting on a loan, the better the rates and terms the lender will offer you. Your risk level is estimated by examining your borrowing habits, credit history, employment history, and amount you’re able to apply to a down payment on the property, to name a few. If you have a lot of debt in relation to your income, outstanding judgments, child support or alimony, or any other financial contingencies, the loan approval process gets trickier.

The Market Is Changing, Are You Ready?

Orange County home sales volume for May was up over 11% compared to 2012, and the median price increased 24% compared to last year.* If you’re thinking of buying soon, talk to your lender and get your financial piece of the puzzle sorted out. Then find a trusted agent and begin your search!

A professional, licensed real estate agent has the experience, the knowledge, and the time and resources to help you find the home that meets your needs and help guide you smoothly through the entire process. For example, my clients not only benefit from my 15+ years’ experience in Orange County real estate, but they also have access to proven trustworthy and reliable lenders, escrow and title companies, as well as contractors and home inspectors. Choose someone who will remain committed to you throughout the journey, and who will treat your search as if it were for their own home.

Nanette Shapiro

(714) 924-0781

nanette.shapiro4@gmail.com

www.homesbynanette.com

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*Source: DataQuick