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Ysolette
Ysolette Nicoson
Real Estate Consultant
    Years of Experience: 13

    ABR - Accredited Buyer's Representative
    CRS - Certified Residential Specialist
    GRI - Graduate of Realtor Institute
    CDPE - Certified Distressed Property Expert

Direct: 951-255-3110

Office: 951-255-3110



Company Info

Keller Williams
1385 Old Temescal Road
Corona, Ca.
951-255-3110


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Riverside Housing Market

Indicators are showing increase in pricing

Wednesday, September 5th, 2012

A recent home price index that covers 80% of the U.S. housing market has reported that there was a 6.9% increase in the months of April, May and June 2012.  Home prices are up 1.2% from a year earlier as well as new home sales up 25% in the same previous year recordings. In addition, foreclosure numbers are declining which may continue as home prices steadily recover and increase.
The consistently low interest rates are making it a good time to buy, sell and invest. Hopefully, these statistics prove to remain consistent leading us to a housing market recovery that our nation’s economy can greatly benefit from.
Contact me for real estate questions and assistance. Over 13 years in the industry taking your home investment seriously – and I am the Real Estate Difference!

Recent Foreclosure Info for Riverside County

Monday, March 5th, 2012

Isn’t it incredible what we are seeing in our economy and housing market today? How is it possible that we are in this crisis situation?

In our history, it is proven that creative and lenient loan standards and the increased appreciation in home values at unprecedented rates combined to create our current housing market crisis.

Some interesting statistics show that for Jan. 2012 there was 1 out of every 167 housing units foreclosed in Riverside County and that there was 1 out of every 317 housing units foreclosed in Orange County.

Currently 6.3 million homeowners are 30 days or more behind in their mortgage payment. It’s far more common than you may have thought.

Foreclosures don’t have to happen!!! The impact of foreclosure on credit and employment potential is far reaching.

I can help answer questions on how best to proceed if you know anyone in this situation. It’s a free consultation and I’m here to help.

As always, please call me if you have any questions that I can help you with at 951-255-3110.

Short Sale Relief!

Wednesday, September 21st, 2011

There is great relief for those in a short sale position due to a recent law that has passed that keeps the lienholder from filing suit against the homeseller for the amount outstanding (deficiency).

Once a lienholder has agreed to accept a payoff for less than the loan amount – the difference is called a deficiency.  The new law protects the homeseller in a short sale situation by not allowing a deficiency judgement to be filed against the homeseller.

More information in regards to the specifics can be found at the link below:

Short Sale Deficiencies Fact Sheet

Interest Rates Lowest in 60 Years!

Saturday, September 17th, 2011

I was visiting with a lender today – and she mentioned interest rates were at 3.75%.  That is just ridiculous!  Interest rates haven’t been that low in over 60 years!!  Why isn’t everyone out there trying to realize their part of the American Dream?  In combination with low rates, there are loan programs with very little money down required.  Watch the brief video below for more information and DON’T WASTE ANY MORE TIME!

Call me now to get you on the path to owning your new home.

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How can you avoid foreclosure and get money too?

Friday, August 26th, 2011

There are many people facing potential foreclosures in today’s economy.  You may be facing some financial challenges or know someone that is struggling to make payments on their home?

Do you know how to avoid foreclosure AND potentially get some money back in your pocket?  There is currently a program in place that provides some relief to short sale sellers by allowing them to collect $3000 upon closing of a short sale property to help aide them in their transition out of the house.  It is called the HAFA program.  As with any programs, the home seller does have to meet certain requirements.  Please click on the link below to see the video for more information.

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How much house can I afford?

Friday, August 19th, 2011

Buyer be AWARE!!!  Loan limits are changing!

If you are currently in the market to buy a house – you should know that there was legislation previously passed that will make the loan limits LOWER – and can affect your purchasing power.

This law was initiated in 2008 as part of the Housing and Economic Recovery Act of 2008 (HERA), but congress voted to extend the date of implementation.  The date is now upon us – effective for any loans after Sept. 30, 2011.  Unless Congress votes to extend the dates again – buyer’s should be aware as this will lower the amount of the loan they can finance or can change the price point they are shopping in.  This can ultimately impact the amount of money the buyer has to contribute as part of their down payment.

Please click this link for the loan limit changes:  Loan Limit Changes

Are you aware of the 15% tax credit for homebuyers in Riverside County?

Friday, July 22nd, 2011

Are you aware of the Mortgage Credit Certificate Program offered through the County of Riverside’s Economic Development Agency?

There is currently a program in place that offers qualified Homebuyer’s to reduce their federal tax equal to a portion of the interest paid on their mortgage loans. This effectively raises a buyer’s purchasing power by affording a higher monthly payment than they would otherwise afford due to the credit they could get back on their taxes. Lenders on the approved list take this into consideration when buyers apply for their loan.

The borrower can claim a tax credit of 15% of the interest paid during that year.

For more information, read the specifics here: Mortgage Credit Certificate Program.

Why do I need Title Insurance?

Saturday, February 26th, 2011

 

Many people who make a first time home purchase question what Title Insurance is and the purpose it serves.  Rightfully so, as a home purchase is one of the biggest investments a person will make in their lifetime.  Since it shows up as an additional cost that is included with loan/processing fees and collected at closing, it is natural to question what it is and why it is necessary to have title insurance.

Title insurance insures a party to a transaction that their interest is protected in ownership from any future claims by other parties from any previous ownership.  It is the most effective, yet least expensive way to protect your ownership rights.

Title insurance protects against:

Forgery
Invalid Court Proceeding
Undisclosed Heirs
Clerical Errors
Mistaken Legal Interpretation
Defective Deeds
Same name / Mistaken Identities

In short, it is the best protection to assure your ownership rights.  At Ticor Title, our thorough preliminary title search, title examination and insurance policy can give you, the homeowner, excellent piece of mind that you deserve at this time of major investing.

Please call me for title insurance needs!

Interest Rates Then and Now

Saturday, January 8th, 2011

This chart below depicts the interest rates as reflected at www.freddiemac.com.  The average indicated for 2010 is the average interest rate from January through December 2010.  The chart easily explains why anyone in a purchasing position should take advantage of such an excellent opportunity in our housing market history – and buy now.

There are no guarantees that rates will continue to drop as they went down in October 2010 to 4.23% and up two months later to 4.71% in December 2010.

If you are considering making a home purchase – don’t hesitate any longer as early January is showing signs of interest rates creeping up already – as of today’s posting – rates are at 4.75%.

INTEREST RATES FOR THE PAST 20 YEARS

(shown as yearly average)

1990         

8.05         

1991         

6.97         

1992         

6.54         

1993         

5.83         

1994         

5.84         

1995         

5.87         

1996         

6.41         

1997         

6.34         

1998         

6.03         

1999         

5.04         

2000         

8.05         

2001         

6.97         

2002         

6.54         

2003         

5.83         

2004         

5.84         

2005         

5.87         

2006         

6.41         

2007         

6.34         

2008         

6.03         

2009         

5.04         

2010         

4.69        

 

2010 INTEREST RATES

(shown as monthly averages)

Jan      

5.03      

Feb      

4.99      

Mar      

4.97      

Apr      

5.1      

May      

4.89      

June      

4.74      

July      

4.56      

Aug      

4.43      

Sept      

4.35      

Oct      

4.23      

Nov      

4.3      

Dec      

4.71      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

Why sell NOW???

Wednesday, September 22nd, 2010

 

Why not sell now?  It is a great time to buy, but in this market – it can also be a good time to sell!

First of all, inventory is somewhat low.  Currently in the Riverside area, there are only 32,879 single family homes and condos currently for sale.  While the number of homes is higher than Sept. 2009 – at 27,493, it is still lower than the previous three years with Sept. 2008 – at 48,794, Sept. 2007 – at 59,183 and Sept. 2006 – at 47, 561 (statistics provided by www.housingtracker.net).  That means for today’s homeseller, there is not many homes to compete with.  It is more likely that a well cared for property that shows well and is priced well will sell in today’s market.

Secondly, today’s homeseller in a standard sale position is at a better advantage than those homes in a sacrificed position, such as a short sale.  Any buyer out there that is willing and able to move quickly will not consider a short sale due to the timely process in negotiating with the bank.  In addition, a standard sale property is more appealing when the home and landscaping is maintained in comparison with a foreclosure property with a whole yard of “dead grass.”  That being said the current standard sale inventory is lower than the short sale and foreclosure inventory, putting the standard sale homeseller in a better position.

The third point is that it is the best time to buy in years!  Today’s homebuyer is well armed with the best interest rates the housing market has seen in 30 years and with excellent  homebuyer program opportunities.  Riverside County as well as many other areas throughout the nation are offering incentive programs to help people become homeowners.  There are many diverse and enticing programs that can put today’s buyer in a home who may not have afforded one in a market with higher interest rates or a lack of buyer programs.  Take advantage of the market as a seller and put your home in a position to be chosen.

In addition, leveraging equity in homeownership can be done in this market.  Now may be the best time to move up or move down.  A smart homeowner can recognize that they may not gain as much profit on the sale of the current home, but the reward is in taking advantage of today’s low interest rates.  Thus leveraging the equity of the current house by the future equity in the next house.  The affordability factor is greater now than ever to make lifestyle changes that can potentially have excellent long term benefits when the market fully recovers.

Finally, putting a home on the market in the 4th quarter takes advantage of the serious buyers.  It is good to know that while your house is on the market through some of the holidays, the only people coming through at this time of year are the buyers that are serious about making a purchase.  So, although the number of showings you have as a seller may be lower at this time of year, the showings you are having are buyer’s who are serious about homeownership.

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