ca: What's Going on Temecula Real Estate? - 03/29/12 05:30 AM
What’s going On?
Well, it has been a while since I have been active in either real estate or blogging on ActiveRain.  Many of you know, and have wished me well in the past, that I lost my wife to cancer on December 10, 2010. 
For the 8 months leading up to her passing and for the year following, I was not at all active in Real Estate.  However, I have decided it’s time to get back on the horse and get back to the professional passion that has driven me for years.
The question is – where do I go … (3 comments)

ca: New To Temecula and No Place to Stay - 08/10/11 07:17 AM
Temecula, California is a unique community with many different facets to it.  There is of course, wine country.  Our 'Old Town District' is a fun and happening place.  The area boasts of many great independenly owned restaurants and bistros.
Many people choose to relocate to the South West Riverside County region from out of state.  Many are military while others are just seeking our wonderful climate.  While the Come2Temecula Team does a great job working with local residents who are  either a first time homebuyers, move up buyers and even 2nd home buyers we also service many great people who will … (2 comments)

ca: Prop 13 vs. Split-Roll Property Taxes - 01/24/10 01:18 AM
A Strong Movement in Sacramento is  Pushing to Remove the Protection of Prop 13 from Commercial and Industrial Properties.
California Voters amended the state constitution when Prop 13 was passed with an overwhelming consensus that  our property tax system was broke and needed fixing.
Opponents to the landmark legislation have continued to find ways to blame CA Prop 13, often referred to as the 'Wolf in Sheep's Clothing',  for the shortcomings of California society, at every opportunity .  The battle cry is always the same, "If only there was more money to spend this or that would have been different".
The … (0 comments)

ca: Time to Sell - Time to Pick the RIGHT REALTOR®: Interview Questions, part 1 - 01/17/10 05:06 PM
If you have a home to sell in the Hemet - San Jacinto CA Valley, you have a 1 in 350 shot of picking the right one for you.  There are many good agents in the Hemet San Jacinto Valley that can do the job the right away and there are a handful of great agents - but how do you pick the right one from the 350 members of the Hemet San Jacinto Association of REALTORS®?I have a list of 13 questions I provide sellers that they should ask when interviewing an agent and finding the one who is right for you...1)  … (8 comments)

ca: As the Market Changes - More Rehab Homes for First Time Homebuyers - 01/17/10 07:22 AM
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)

ca: California Prop 8 - The Reason for the Reduction - 01/17/10 06:27 AM
California Voters started a Tax Revolt in 1978 with the passage of both Prop 13 and Prop 8.  Now the glory has always gone to Prop 13 as that is the voter mandated constitutional amendment that directed the County Assessors to roll back assessed value and to limit the way property taxes could be assessed for the future.Prop 13 is an incredible piece of legislation and has saved Californians billions nd billions of dollars, if not more, since it became law in 1978.  However, without it's cousin Prop 13 would be a very evil law right now, considering the rapid decline … (0 comments)

ca: What Can You Buy for a Million Bucks? - 01/17/10 03:55 AM
I have said for a long time that the Hemet - San Jacinto CA real estate market is one of the most affordable in the country and that a buyer with $200,000 could buy just about anything we have listed in our local MLS.So I got to thinking, what could a million bucks buy in different markets across the country?  so, I jumped over to Zillow to do some research and check out what I found. with a search criteria of $950,000 to $1,25,000...
 
HEMETUnfortunately, there is nothing in this field in the local Hemet - San Jacinto real estate … (9 comments)

ca: Real Estate Investor Breaks Down the New FHA 90 Day Rule - 01/16/10 05:09 AM
As a Hemet - San Jacinto, CA real estate expert I find myself gathering knowledge from many sources - both traditional and non-traditional.  I think they call this the school of hard knocks.
Well, one of my activities is to keep up with real estate investors through their blogs and web sites.  One that I enjoy is CaWholesaleDeals.com, hosted by Thomas Bartke.  It is through an email linking me to his blog that I first learned about the doors that HUD and the FHA have just opened up for investors who want to flip properties.  They can now do this without holding … (6 comments)

ca: FHA Grants Real Estate Flippers The Green L>ight - 01/16/10 04:59 AM
On January 15, 2010 the FHA granted a waiver to real estate flippers allowing them to take possession of a property and resell it immediately and not have to season the ownership for 90 days before selling with an FHA Loan.  The press release by HUD is titled:
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERSMeasure to help bring stability to home values and accelerate sale of vacant properties
There are several conditions that must be met that seem to be very positive for any investor looking to take advantage of the market and this new waiver … (5 comments)

ca: PET PEEVE: Out of Area Agents with Out of Area Lock Boxes - 01/10/10 11:44 PM
In the Hemet - San Jacinto, CA Valley we have been hit hard, as a community, with more than our fair share of foreclosures and bank owned (REO) homes for sale in our little neck of the woods known as the Inland Empire, CA.As a small board, the Hemet San Jacinto Association of REALTORS (HSJAOR) belongs to SoCalMLS which uses the SentriLock electronic lock box system.  Every board that surrounds us uses the Supra system.  The two are not compatible.  At a cost of almost $100 per lock box and an inventory of over 20 lock boxes, I am not interested in … (18 comments)

ca: California Prop 13 - A Look Back. . . Before Prop 13, After Prop 13 and Today - 01/10/10 02:56 AM
Recently I have written several blog articles on the impact of Proposition 13 that was passed by California voters back in 1978.I have written about the origins of the voter mandated reduction of real estate assessed value and a couple of articles on how Californians are able to reduce assessed values when they are too high with this recent article and this one I first wrote back in 2006.I have even re-blogged what other members of ActiveRain have had to say on the topic when Adam Brett explained how taxes may actually go backwards next year.What is of concern to me … (0 comments)

ca: California Prop 13 is Under Attack - 01/09/10 05:31 PM
On June 6th, 1978, nearly two-thirds of California's voters passed Proposition 13, reducing property taxes by about 57%.This was revolutionary in the way property tax has been assessed in this country.  No longer would California property taxes be subject to an assessment based on market value but now all California property owners can budget their property taxes based on an assessed value computed from the purchase price.Today, the opponents of Prop 13 are trying to figure out how to replace the current system with one reminiscent to the dated model of over 30 years ago, and bringing back many of the … (9 comments)

ca: $200,000,000 For California Home Buyers! What the...? - 01/08/10 04:27 AM
Governor Schwarzenegger delivered his last State of the State address to a joint session of the California State Legislature, Wednesday January 7, 2010, and took the time to propose some pretty controversial ideas for stabilizing the economy in the Golden State.Of particular interest to the Real Estate Industry is his proposal to allocate another $200,000,000 tax dollars to subsidize homebuyers with a tax credit that would provide up to $3,333 off of state taxes for each of the next three years.This program is very similar to the $100,000,000 that was given away for buyers of 10,600 new homes between March and … (10 comments)

ca: Fannie Mae Short Sales: Why Does the Good Always Come with the Bad? - 01/08/10 02:06 AM
Short Sales in the Hemet - San Jacinto CA Valley have never been easy - no matter what another agent may tell you.  The problem is not universal to our local market - but across the land as well.Here is a post form an accomplished Short Sale Agent in San Diego County, Melissa Zavala, that has now uncovered yet another new problem that the government is creating ...in an effort to push short sales through the system...if you believe that.
Take a look at what Melissa shares with us all. . .

Several months ago, agents across the United States … (4 comments)

ca: 2010 Has Cha-Cha-Cha-Changes in the Real Estate Industry - 01/04/10 05:35 AM
2010 is going to be a year like no other.  I believe it is naive to think that 'business as usual' will be taking place when we return to work on Monday morning and expect it to be the same throughout the coming year.Yes, it may not seem very obvious at first.  Maybe you'll have a buyer that you need to get pre-qualified and you call your lender thinking they can throw something together for you over the course of 15 minutes or so.  You may become disturbed when your lender says that they are no longer allowed to provide this … (6 comments)

ca: FHA Section 245(a) - A Hidden Niche? - 01/03/10 06:05 PM
Now I am a REALTOR and do not pretend to be an expert on the loan side of the real estate industry.  I often rely on the SEARCH feature of ActiveRain to find details on topics I want to research.  Well, today I drew a near blank.You see, I was spending some time researching changes in the industry that took place on January 1, 2010 and ended up at the FHA site.  Scrolling through a list of articles published by the FHA I found something that was very intriguing and actually fascinated me once I looked deeper at the section 245(a) loan...
FHA … (7 comments)

ca: CA Property Taxes May Fall Next Year - 01/03/10 06:03 PM
California Property Taxes are such a unique animal to the world of property tax and we have Prop 13 to pass for this - legislation that was passed back in the 1970's.Under the law, the MOST the assessed value can increase is 2% per year, based on inflation...but guess what, the same legislation also allows for decreases, based on deflation.If you have real estate in the Hemet - San Jacinto CA Valley you should take a look at this post and let me know what you think...

Due to deflation it is expected that most Californians will see their property … (2 comments)

ca: Power to the People: RESPA Rules Change on January 1, 2010 - 01/01/10 06:57 AM
The Dawn of a New Decade brings the Dawn of Consumer Rights When Shopping for a MortgageJanuary First is typically a day when many new laws across the land become effective...and this year is no different.  The Department of Housing & Urban Development made one very important change to the Real Estate Settlement Procedures Act of 1974 law that is known as RESPA in the industry is now mandating that ALL mortgage lenders provide the consumer with the same information in the same format.There is no doubt that this is too little too late for the homeowners who are currently at … (77 comments)

ca: San Jacinto,CA Market Analysis – Distressed Listings - 2007 - 2009 - 12/28/09 04:54 AM
The San Jacinto Real Estate Marketplace has been dominated with Distressed Properties.  Unfortunately,  the data is not very accurate, because until recently many Short Sales were not reported in a search-able field in the MLS as a Short Sale.By looking at this data you can see that this market peaked in the number of listings over a year ago.
 

By looking at this next chart you will see how quickly bank owned REOS have sold in comparison to Short Sales in the San Jacinto, CA real estate marketplace.
(3 comments)

ca: Where Have All the REO Listings Gone - 12/28/09 01:20 AM
Winding doen 2009 and looking forward to the future you have to know where you have been if you want to know where you are going.Planning my marketing and business plan for 2010, as an REO Listing Agent, I have taken the opportunity to examine how many REO Listings we (as a market - not my personal production) have had assigned just in the city of San Jacinto, CA, going back to January 1st, 2007.

By looking at the above chart it is apparant that from May of 2008 through May of 2009 that there was more than enough business … (8 comments)

 
John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate (Mason Real Estate)

John Occhi

SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Temecula, CA

More about me…

Mason Real Estate

Address: 30520 Rancho California Rd., #107, Temecula, CA, 92591

Mobile: (951) 443-6259

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