san jacinto: 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)

san jacinto: Investor Special - Look What You can Buy for Under $50,000 in the Hemet - San Jacinto Valley - 07/24/11 10:16 AM
Wow... a Single Family Home for Under $50,000...only $45,000 to be exact!  That's right it's almost 1,100 sq ft and includes 2 bedrooms, 2 baths, an attached garage and even a covered carport and covered patio in the back yard.
 
The new listing for sale is just hitting the MLS today, and already there is excitement from the investor community.  I have one savvy buyer looking for a great investment property who is looking to leverage her own resources with hard money, or as it is more commonly known today - as 'Private Money'.
 
The seller is a bank … (2 comments)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: $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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: 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)

san jacinto: How Do I Find the Right Hemet - San Jacinto Agent for Me? - 12/27/09 04:56 PM
A universal question that homeowners everywhere, including the Hemet - San Jacinto Valley, CA, must ask themselves as they prepare to either buy or sell a home - a decision that will have an impact on their lives for years to come.
I strongly believe that "All Real Estate is Local and Your REALTOR® Should Be Too!"  So, to begin with, think locally. Select someone who is very familiar with your neighborhood and the properties for sale in it. Then, if you are selling, say, a condominium, choose an agent with expertise selling apartments to potential homeowners.
Because you will want … (2 comments)

san jacinto: REPEAT BUYER: SELL FIRST OR BUY FIRST? That is the Question! - 12/27/09 04:50 PM
The year 2010 is going to be an excellent year for the repeat buyer to move up in this down market.  The Hemet - San Jacinto real estate marketplace is a field of dreams for repeat buyers with equity in their existing homes.  I have been covering various aspects of this concept in a number of articles I've recently written.In this article, I want to answer the question many Hemet - San Jacinto homeowners contemplate and need to know how to proceed.  The question, of course, "Should I sell my current home before I buy?" and then, "What Happens if I … (1 comments)

san jacinto: San Jacinto CA Real Estate - 2005 thru 2009: List Price vs. Sold Price - 12/27/09 04:47 PM
The San Jacinto REal Estate Market has seen a steady decline over the last 5 years.  For the most part, the List Price and Sold Price
 
When looking at the number of listings that have come on the market over the past 5 years you can see that we have sold an awful lot more of our inventory than we have replenished
The CURRENT ACTIVE INVENTORY in SAN JACINTO, CA consists of ONLY 228 ACTIVE Listings of which only 50 are REO Bank Owned homes for sale, per the MLS as of the time of the writing of this article.  … (0 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

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Mason Real Estate

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

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