inspection: As the Market Changes - More Rehab Homes for First Time Homebuyers - 01/17/10 03:22 PM
With the recent change in HUD policy allowing investors to purchase homes and flip them right away and not forcing them to hold title before they can be sold with FHA financing will definitely help the flipper but drive the first time home buyer away from the distressed homes for sale in the Hemet -San Jacinto CA valley.
The investors have the cash and the first time buyers have the credit. all of the good deals are bought quickly with cash buyers and the FHA buyers are cut out of the market - especially if there is a low appraisal on … (4 comments)
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inspection: 10 Questions to Ask Yourself about Your Home Electrical System - 12/26/09 01:12 PM
As a REALTOR I have my own level of expertise and that is selling Hemet - San Jacinto, CA real estate. Perhaps the most important aspect of my job is to not be all things to all people. The key to my success in real estate is having professionals that I can call upon to do the things I do not claim to be an expert in.Case in point - you do not want to ask me advice on a homes electrical system...but if your are in the need to learn about your home electrical system, read this article and you will thank … (2 comments)
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inspection: What is the REALTORS® JOB IN A HOME INSPECTION? - 12/23/09 12:12 PM
Buying a home has many different aspects. As a REALTOR® my job begins when I first meet my buyers and LISTEN to what they are looking for. If I believe I can HELP - then we are off to look at houses, until we find the right home in the right neighborhood.My job, as a REALTOR® then progresses as I help draw the offer, making sure we cover all of the important issues to my buyer and structure the offer so we have the best opportunity to beat out other offers that are probably competing for this home, in the current … (59 comments)
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inspection: San Diego home inspection FAQs: Should I have my home tested for radon? - 10/27/09 12:42 PM
Radon Gas is one of those topics that seems to come up every now and then when talking about Hemet - San Jacinto Valley real estate...but it seems like no one ever really has the answers.Today I found a blog post from Russel Ray a home inspector based in San Diego County that tackles the subject head on. Russel advises that "If you're concerned about it, then get a test done", when asked about Radon Gas testing for his area and I concur for those interested in buying Hemet - San Jacinto Valley real estate.
At the end of the article … (0 comments)
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inspection: HAZARDOUS HOME INSPECTION - BE SAFE - 09/28/09 02:18 AM
As an REO Listing REALTOR® in the Hemet - San Jacinto Valley portion of South West Riverside County in the Inland Empire Region of Southern California I come across some pretty strange things when I take possession of a property.This weekend I approached a former homeowner who lost their home to the foreclosure process and now the bank wanted me to offer a cash-for-keys opportunity to help relocate the family from the bank owned REO home in the shortest time possible.The basic rule is that the homeowner has to leave the home ‘broom clean' and all trash has to be removed … (0 comments)
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inspection: Is A Hemet Bank Owned REO Home Going to Be a Good Deal in the Long Run? - 03/17/08 10:48 AM
The question of whether a particular bank owned REO (Real Estate Owned – Bank foreclosure) home is as good a deal as it first appears can only be answered by the buyer performing their own due diligence…and not stopping until they have the answers they need. THE HOME INSPECTION Yes, it is common in Hemet, CA for a homebuyer to hire a home inspection company to perform a routine home inspection. I have recently found a company that will deliver a printed version of the report on demand at the end of the inspection – while everything is fresh in the … (1 comments)
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inspection: Cash For Keys…How I Have Such a Huge Close Rate - 03/16/08 02:10 PM
Cash For Keys…How I Have Such a Huge Close Rate In a previous article I discussed the theory and mechanics of a typical Cash For Keys program. In this article I am planning on sharing how I have tweaked my presentation to the point where I have obtained signatures and successful move-outs on 100% my last 5 presentations in Hemet CA REO properties – whereas prior to my adjustment I was only delivering checks to about half of the homes that were occupied when we did our initial occupancy check. STEP 1 – Attitude The first step is to check my … (31 comments)
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inspection: Buying New Construction in Hemet, CA: Tip #4 - Read The Contract! - 12/24/07 12:14 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as in foreclosure homes) and directly from the homeowner - either as a short sale or a straight retail transaction (although the later are becoming less and less available as it becomes more difficult to compete with the builders and the banks).This series of articles is provided to help the first … (1 comments)
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inspection: Buying Bank Owned Properties - 11/26/07 04:20 PM
The current real estate market in Hemet California and throughout Southwest Riverside County and the remainder of the Inland Empire is full or Bank Owned properties, otherwise known as REO for "Real Estate Owned"..When someone wants to buy one of these properties it is not much different than buying a home that is owner occupied. Yet, there are some very significant differences. Lets take a look at some of them...Inspections, Repairs and the Appraisal: Similar to a traditional owner occupied purchase of Hemet real estate, you will have the opportunity to perform your due diligence. You have the right to a … (4 comments)
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inspection: What Pitfalls Might a FSBO Encounter? - Part 4 - 03/05/07 12:34 AM
What Pitfalls Might a FSBO Encounter? - Part 4 by John Occhi, Hemet CA REALTOR® Hemet CA Real Estate
The For Sale by Owner Seller in Hemet, CA - like any other community in the country - is likely to run into at least one pitfall that they were not ready for. On the surface, it seems like such an easy thing to do, put a sign in the yard and a classified in the paper, hold an Open House and sell the home on your own without the expense of a REALTOR® - simple, isn't it?
We have examined the pitfalls … (4 comments)
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inspection: What Pitfalls Might a FSBO Encounter? - Part 3 - 03/04/07 08:43 PM
What Pitfalls Might a FSBO Encounter? - Part 3 by John Occhi, Hemet CA REALTOR® Hemet CA Real Estate
This is the third article in a several part series on the potential pitfalls that a For Sale by Owner (FSBO) is likely to encounter when selling their Hemet FSBO real estate on their own. First we talked about setting the right price for the Hemet CA Real Estate, so that money was not left on the table and to make sure the market would not reject it as overpriced. Then there was a discussion on marketing real estate for sale in … (0 comments)
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inspection: What Not to Overlook on a Final Walk Through - 01/07/07 10:45 PM
What Not to Overlook on a Final Walk Throughby John Occhi, Hemet REALTORHemet CA Real Estate
When you purchase Hemet CA Real Estate one of the very last things that will happen before you close escrow on your new home will be to schedule a final walk-through inspection.
Ideally, you will be able to do this once the home is vacant but before escrow actually closes. Unfortunately, if the seller is to remain in possession for 1 to 3 days (or longer) after the close of escrow this cannot happen.
In the event you cannot inspect the home vacant prior to the close of … (1 comments)
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inspection: How to Sell Your Home in Today's Buyer Market, part 2 of 2 - 12/30/06 12:05 PM
How to Sell Your Home in Today's Buyer Market, part 2 of 2by John Occhi, Hemet Realtor
Third Party Inspections: The Key to Setting Yourself Apart from the PackEvery bona-fide real estate transaction in California is required to have disclosures completed and inspections of the property integrated into the terms and conditions of the purchase agreement. Some of these are state laws while many are lender requirements. It really doesn't matter who says to do it, if it needs to be done, it needs to be done.A disclosure is simply letting the buyer know what you know about the property. There are … (0 comments)
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inspection: Termites can really bite into a real estate transaction. - 12/27/06 02:40 AM
Termites can really bite into a real estate transaction.by John Occhi
I recommend that sellers get a termite inspection report just prior to or immediately after putting their home up for sale. With this report in hand the sellers will know exactly how much work will be required and how much it will cost to provide a termite clearance. When an offer comes in from a potential buyer the seller will be able to negotiate any termite work from a knowledgeable position. If sellers wait until after they have accepted an offer that obligates them to provide a termite clearance they could … (2 comments)
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