Saturday’s Probate Auction

Saturday’s Probate Auction

The probate auction can be a great way to get a good deal on your home purchase.  But buying a home at auction has significant risks.   When a homeowner dies, and their home is not held within a trust, the property will go through probate, which is the legal settling of a deceased person’s estate.   My clients had their eye on a home that was scheduled for probate auction in Alhambra.  It is walking distance to their parent’s home, making it convenient and ideal.   The home, while in a nice location, has a lot of deferred maintenance...Read more
How To Buy A Fixer

How To Buy A Fixer

  Need a heavily discounted property?  Try a fixer-upper!  But know what you’re getting into ahead of time…   Housing is expensive these days, whether you’re renting or trying to buy.  But our generation is much for handy and DIY-enthusiastic, so many hopeful homeowners are looking at “fixer-uppers” as a way to save some dough on the initial home purchase.  A home that has not been updated in many years, or one that is not habitable in it’s current state will be heavily discounted compared to newly renovated and move-in ready homes.  But beware of the risks and know what...Read more
Historical Mills Act Pasadena Home Tour

Historical Mills Act Pasadena Home Tour

Take a look inside one of the Mills Act historical homes in Pasadena, California! This exquisite home is located in the exclusive gated community of Alta San Rafael in Pasadena, CA.  The 4-bedroom, 4-bathroom historical home designed by Paul Williams is perched at the top of a private road and boasts breathtaking views from all areas of the home. The home is under a Mills Act contract, and the current owner has preserved the original character of this Spanish-style home, built in 1929.  The vintage details of this home are what make it exceptional.  Ornate ceilings adorn the foyer, living room and...Read more
Topanga Home Tour

Topanga Home Tour

Calling all nature lovers!  Check out this stunning Topanga estate!   Topanga is a nature-filled getaway from the concrete jungle.  Nestled in these Santa Monica mountains are unique and sometimes quirky homes that reflect the lifestyle of the community. On Grand View Dr, Danny Elfman’s former abode is currently for sale.  The 3-bedroom, 4-bathroom home that was designed and constructed for the famed music producer boasts over 4,000 square feet and features a separate guest unit.   The three-story home has two living areas, each with their own fireplace, with lots of outdoor access and patios to incorporate the outdoors...Read more
SOLD!  W 36th Pl.

SOLD! W 36th Pl.

  When making a long-term investment real estate, determine your strategy, formulate a plan, and stick to it! I had the good fortune to meet my client, Jan, randomly on the street one day.  I was with my investment partner looking at a house that was scheduled for a probate auction.  We hung around outside discussing the property for a while when 2 gentlemen walked up and began eyeing the probate property.  We struck up a conversation and found out that Jan and his friend lived nearby, and Jan was looking for a home in the area for a long-term investment...Read more
California Mills Act

California Mills Act

  As a society, we are always striving toward growth, progress, innovation, and change.  But sometimes it’s important to look back at where we were and what we came from. California has a rich architectural history, and in an effort to preserve the state’s heritage, California has adopted several initiatives to protect historically relevant buildings, homes, and public spaces.  One such program is the California Mills Act, aimed encouraging the preservation and restoration of private historical residences.   What Is The Mills Act? The Mills Act is an important economic incentive program in California for the restoration and preservation of...Read more
How To Compete With All-Cash Buyers

How To Compete With All-Cash Buyers

  Investors are snatching up as many California properties as they can get their hands on.  Can an average homebuyer compete with all-cash investors?  YES!   California’s real estate market is hot, hot, HOT!  But if you want to buy a home in one country’s most popular counties (I’m looking at you, San Francisco, San Jose, San Diego, Los Angeles… you know who you are!), you might find yourself up against some pretty stiff competition.  Investors of all kinds flock to popular real estate markets and try to gobble up as many available properties as possible, usually offering a quick, all-cash transaction....Read more
How To Do A Utility Inspection Without Electricity

How To Do A Utility Inspection Without Electricity

  Part of your due diligence when buying a home is the physical inspection of the property.  You will want to hire a professional and certified home inspector to check the property from top to bottom for any defects or areas for concern.  A home inspector will make sure the structure is up to code and the electrical, plumbing, and gas are functioning properly. My client is in escrow for a bank-owned property.  Dealing with the bank on a foreclosed home (REO) is very different than dealing with a homeowner.  Usually, the bank will offer little to no information on...Read more
10 Questions To Ask Your Mortgage Lender

10 Questions To Ask Your Mortgage Lender

  Getting ready to buy a home? Make sure you ask these 10 key questions when you submit your mortgage application:   1. What is the interest rate on this mortgage? Ask for the lender’s loan estimate, which breaks down the interest rate and fees. It will include the annual percentage rate (APR), which accounts for the interest rate, points, fees and other charges you will pay for a mortgage.   2. How many discount and origination points will I pay? Lenders may charge discount points, origination points or both. One point is equal to 1% of the loan amount....Read more
Bay Area Techies Get No-Money-Down Mortgages

Bay Area Techies Get No-Money-Down Mortgages

  After living expenses, student loans, credit cards, car payments, and all your other bills, it can be a challenge to put away any significant portion of your income for a down payment on a new home.  If you happen to work in Silicon Valley making a decent salary at a tech startup, however, you may be eligible for a no-money-down mortgage loan. Mortgage lenders are vying for those well-paid Bay area customers by offering tailored loans, guaranteed 24-hour approval, and financial-planning services along with no-money-down mortgages.  Lenders are banking on the success of the tech industry and the potential...Read more