Rancho Cucamonga Real Estate

Rancho Cucamonga Real Estate, Community News, & Homes, Information

Archive for the month “August, 2012”

Want To Sell Your Home? The first step is letting go emotionally…..

There are many decisions and plans that have to be made prior to putting your home up for sale.  Many of these decisions are based upon the logistics of your life:  Why do you want to move?  Where do you want to move?  What is the mathematical equation that is present for you?

In my experience as an agent assisting homeowners in making some of these decisions, I’ve found that there is one critical aspect that must be completed as a foundation to making your goals happen:

In order to make the decision to sell your home and find a buyer to purchase it, you must recognize that your property is going to be a NEW HOME FOR SOMEONE ELSE.

You must pave the way for your home to become somone else’s home.

Do not become offended when people come into your home and are not fond of your choice of decor.  Do not become offended when people come into your home and look through rooms and closets to figure out how their life could possibly transcend into this home.  Do not become offended when a potential buyer wants to remodel what took you years to create.

IT WILL NO LONGER BE YOUR HOME.  IT WILL BE SOMEONE ELSE’S HOME.

All of the memories you’ve created in this home will be yours forever.  In your own mind.  With your own set of photographs and home movies.  In the minds and memories of your family and friends.

THAT is the most important part of the life you’ve created in this home.  NOT the structure of wood, metal, stucco that is called a house.  This home is just a temporary shell for that life experience that can be claimed by no one else but yourself, regardless of who dwells in this structure in the future.

It is time for someone else to start creating their own memories in this home, and you must submit to that if there’s any chance at all with you completing your goal of selling this home and creating a life in another home.

If you cannot emotionally dis-attach yourself from the home, not only will it show, but the energy you’ll be putting out there will prohibit the sale of your home.  It will inhibit those around you that you’ve hired to be part of the team that will assist you with getting from point A to point B from doing their job.

It will show in how the home viewings are conducted, it will show in your negotiations, and it will show in many places that are critical to creating an environment conducive to successfully selling your home.

You must keep your eye on the prize at all times:  A new life that you’re wanting to create for yourself that involves selling this home.

Once you’ve emotionally let go of the property, then you’re home-free (no pun intended).  Everything else is details.

Your Rancho Cucamonga Realtor Professional

Labor Day ?

 

The first Monday in September. It is a holiday honoring working people and it observed throughout the United States.

“Labor Day differs in every essential way from other holidays of the year in any country,” said Samuel Gompers founder and longtime president of the American Federation of Labor. “All other holidays are in a more or less degree connect with conflicts and battles of man’s prowess over man, of strife and discord for greed and power, of glories achieved by one nation over another. Labor Day…is devoted to no man, living or dead, to no sct, race, or nation.

In 1884, the Knights of Labor adopted a resolution that the first Monday in September should be considered Labor Day. Many states liked the idea, and adopted it.

In 1887, Oregon become the first state to make Labor Day a legal holiday.

In 1894, President Grover Cleveland signed a bill making Labor Day a national holiday.

Continued housing shortage sends California pending home sales lower in July

Photobucket

LOS ANGELES (Aug. 23) – A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the previous year for the 15th straight month, CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

Pending home sales data:

C.A.R.’s Pending Home Sales Index (PHSI)* fell 4.2 percent from a revised 121.2 in June to 116.1 in July, based on signed contracts. Pending sales were up 2.8 percent from the 113.0 index recorded in July 2011. July marked the 15th straight month that pending sales were higher than the previous year, but July’s year-over-year increase was the smallest in the past year. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

“We continue to see a strong demand for housing, but the California market is being hindered by a lack of inventory and multiple offers on what little inventory that is available,” said C.A.R. President LeFrancis Arnold. “The shortage of inventory has had the most dramatic effect in the REO market, where the available inventory stands at a 1.5-month supply and the share of REO sales dropping 35 percent over the past year.”

Distressed housing market data:

• The share of equity sales – or non-distressed property sales – compared with total sales continued to expand in July. The share of equity sales increased to 59.5 percent in July, up from 58 percent in June. Equity sales made up 52.4 percent of all sales in July 2011.

• The share of REO sales statewide shrank further, while the share of short sales increased. The combined share of all distressed property sales fell to 40.5 percent in July, down from 42 percent in June and down from 47.6 percent in July 2011.

• The share of short sales increased in July to 22.6 percent, up from 21.4 percent in June and from 18.8 percent a year ago.

• Of the distressed properties, the share of REO sales dwindled in July to 17.4 percent, down from 20.2 percent in June and 28.6 percent in July 2011.

• The available supply of REOs for sale remained constricted in July, with the Unsold Inventory Index standing at a 1.5-month supply in July 2012, essentially unchanged from 1.4 months in June. The July Unsold Inventory Index for equity sales stood at 3.8 months and was 4.2 months for short sales.

Charts:

• Closed housing sales in July by sales type (equity, distressed).
• Pending sales compared with closed sales.
• Historical trend in the share of equity sales compared with distressed sales.
• Housing supply of REOs, short sales, and equity sales in July.

Share of Distressed Sales to Total Sales
(Single-family)
Type of Sale July 2011 June 2012 July 2012
Equity Sales 52.4% 58.0% 59.5%
Total Distressed Sales 47.6% 42.0% 40.5%
REOs 28.6% 20.2% 17.4%
Short Sales 18.8% 21.4% 22.6%
Other Distressed Sales (Not Specified) 0.2% 0.4% 0.4%
All Sales 100.0% 100.0% 100.0%

Single-family Distressed Home Sales by Select Counties
(Percent of total sales)
County July 2011 June 2012 July 2012
Amador 55% 55% 41%
Butte 43% 36% 32%
El Dorado 55% 44% 42%
Fresno 54% 54% 58%
Humboldt 27% 28% 34%
Kern 62% 48% 45%
Lake 73% 63% 54%
Los Angeles 42% 41% 40%
Madera 86% 57% 74%
Marin 25% 20% 21%
Mendocino 61% 48% 40%
Merced 71% 52% 50%
Monterey 61% 50% 50%
Napa 51% 47% 34%
Orange 32% 31% 29%
Placer 54% 41% 43%
Riverside 62% 52% 55%
Sacramento 60% 53% 54%
San Benito 65% 63% 51%
San Bernardino 65% 58% 53%
San Diego 26% 22% 20%
San Joaquin 63% 61% 59%
San Luis Obispo 42% 34% NA
San Mateo 23% 21% 15%
Santa Clara 28% 23% 23%
Santa Cruz 40% 42% 28%
Siskiyou 44% 59% 44%
Solano 70% 63% 66%
Sonoma 46% 40% 40%
Stanislaus 68% 61% 59%
Tehama 72% 45% 60%
Yolo 56% 46% 47%
California 48% 42% 40%

**Note: C.A.R.’s pending sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state. Pending home sales are forward-looking indicators of future home sales activity, offering solid information on future changes in the direction of the market. A sale is listed as pending after a seller has accepted a sales contract on a property. The majority of pending home sales usually becomes closed sales transactions one to two months later. The year 2008 was used as the benchmark for the Pending Homes Sales Index. An index of 100 is equal to the average level of contract activity during 2008.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Why We Recommend Our Sellers Ask For Occupancy Post Closing

Why We Recommend Our Sellers Ask For Occupancy Post Closing

Today something that seems so typical happened again.  The buyer for one of our listings had trouble getting their financing completed in time for tomorrow’s closing.  The lending market is not what it used to be, and with many lenders buried deep in refi processing, perhaps new clients don’t always get the attention they should be getting.  Maybe the loan docs for this one went to the underwriter, but that pile of files on the desk was equivalent to Mount Everest because keeping this deal on track wasn’t critical.

And unfortunately closing delays seem to be all too common.  The best defense we’ve had to protect our sellers is negotiating at least 3 days post closing prior to giving the buyers possession.  (This is of course assuming an occupied home.)  If the sellers hire a good moving company, the professionals can descend, pack and stuff that truck in no time at all.  However, if the sellers have done this prior to closing and the closing is delayed for any reason, the negative impact to the sellers mounts quickly.  More nights in a hotel than planned or more nights on a friend’s couch, more days of not having direct access to their possessions, and a bit more stress in their lives.

If on the other hand we’ve negotiated in even a few days post closing, the sellers can continue living in their home until the actual closing, and THEN have the movers come in and do their thing.

Of course, those few days of occupancy post closing can be a significant source of contention during negotiations.  Some buyers absolutely can’t stand the idea of THEIR HOME having someone else stay in it for even a day or two after they’ve signed the paperwork at the closing table.  Just like price, it’s a term that has to be hashed out between the two parties.

But until the lending market and deadlines seem to consistently produce a predictable date and result, we’re going to keep recommending our sellers ask for a few days (or more) before turning over their old home to the new home owners.

-The Liz Spear Team

Keep Calm and Sell On Rancho Cucamonga Real Estate Community News

Keeping it Real Estate in Rancho Cucamonga

Rancho Cucamonga Firefighters Respond to Major Gas Leak: Community Outreach Updates

Rancho Cucamonga  Firefighters Respond to Major Gas Leak

Atapproximately 4:30 a.m. on Wednesday, August 08, 2012,Rancho Cucamonga Firefighters responded to a reported gas leak on Archibald Avenue at 5th Street in Rancho Cucamonga. 

Fire crews arrived on scene, to find an excavation crew performing underground utility work had struck a 4” gas line, causing a large natural gas leak.  Firefighters immediately notified the Gas Company who responded to the scene.  Gas Company representatives had to dig further south of the incident to find the main line in order to stop the leak.

Firefighters established a 330’ perimeter around the scene and stood ready with hose lines as a precaution and for the safety of those at the scene.  Since the gas was dissipating straight up into the air, no evacuations of surrounding businesses were necessary.

One engine company, a Battalion Chief and Investigator responded to the early morning incident, along with San Bernardino County Sheriff’s Deputies from the Rancho Cucamonga station and representatives from the Gas Company.  At the time of this release, Archibald remains completely closed to traffic between 4th and 6th Streets.

Cucamonga Canyon – “Sapphire Falls” – Rancho Cucamonga Community Updates

Cucamonga Canyon – “Sapphire Falls”
Enjoy your time in the canyon while following some advice
Map of approved trail to Cucamonga Canyon

If you are visiting Cucamonga Canyon you will most likely enter through the City of Rancho Cucamonga. The only legal way to enter or leave the canyon is on Skyline Road. Skyline Road is located at the top of Sapphire Road and runs north from Almond Street. All of the land to the west of Skyline Road and south of the second forestry gate (including the wash) is private property. If you utilize private property to enter or exit the canyon, you are subject to arrest or citation for trespassing. The police department is working in the canyon every weekend to enforce all laws.

The City of Rancho Cucamonga wants you to enjoy your time in the canyon, but offers the following advice.

  1. Stay on the main trail (Skyline Road).
  2. Remember; if you leave the main trail you must have a way to get back. Many of the routes to Sapphire Falls are easy to get down, but nearly impossible to get back up.
  3. Stay away from steep rocky trails to avoid injury.
  4. Take water and wear appropriate hiking shoes.
  5. Park only in legal areas to avoid parking citations.

The City of Rancho Cucamonga understands your desire to hike and enjoy the canyon. The city promotes healthy activities such as hiking, but must also protect the rights of property owners in and around the canyon. Trespassing, illegal parking, littering and graffiti are just a few of the problems common to the canyon. Let’s all work together and make the canyon a safe and fun place to visit.

Rancho Cucamonga Police
(909) 477-2800

Rancho Cucamonga Community & Arts Foundation – Wounded Military Fund

Wounded Military Fund

The Rancho Cucamonga Community & Arts Foundation is proud to announce the creation of the Wounded Military Fund. As a result of recent community interest to support Rancho Cucamonga resident United States Marine Corporal Justin Crabbe who was critically wounded serving our country in Afghanistan, the Rancho Cucamonga Community & Arts Foundation established the Fund to provide financial resources for all of Rancho Cucamonga’s wounded or injured military personnel and their families to help alleviate some of their financial burdens.

“The establishment of this fund is an honor and an absolute must for our veterans,” stated Thomas Galindo, Chair of the Rancho Cucamonga Community & Arts Foundation. “This fund will allow the Foundation to accept contributions from the community and to hold them in trust to be used as requested by the contributor for a designated wounded or injured military member.” “It is our sincere hope that the need for this fund will be limited and that our military men and women will be out of harm’s way,” added Vice-Chair Linda Bryan.

To make a donation to the Wounded Military Fund, please make checks payable to the Rancho Cucamonga Community & Arts Foundation and note “Wounded Military Fund” and whether it is a general donation or for a specific person. Please mail checks to: Rancho Cucamonga Community & Arts Foundation, P.O. Box 807, Rancho Cucamonga, CA 91730.

The Rancho Cucamonga Community & Arts Foundation is a 501(c)3 Public Benefit Corporation that wasfounded in 1987. The Foundation is dedicated to enhancing cultural arts opportunities for Rancho Cucamonga residents and community members throughout the Inland Valley and currently works with a variety of community organizations to assist them in their fundraising efforts.

For More Information – For additional information regarding the Wounded Military Fund, please contact Paula Pachon, Rancho Cucamonga Community & Arts Foundation at (909) 477-2760, ext. 2105 or visit http://www.RCpark.com.

Post Navigation

%d bloggers like this: