Why Hire a Realtor?

There is so much information readily available online, and the big question is…Why should we hire a REALTOR® ?

A REALTOR® is a Client Advocate. Only members of the National Association  of Realtors can call themselves REALTORS®    realtor-logo

REALTORS® are Real Estate Specialists.

REALTORS® Lower Your Risk. When you have a Realtor as an advocate, you share some of the risk of home buying/selling with your agent.

REALTORS® Have Inventory. According to The National Association of Realtors , over four-fifths of existing homes in the U.S. are represented by real estate brokers.

REALTORS® Understand The Complexity Of The Transaction.

We’re all looking for more precious time in our lives, and hiring pros gives us that time.

Can you afford not to have the experience of a REALTOR®  by your side?

Sandy Flores

Sandy Flores                   Broker/Realtor                     (714) 963-7462    http://www.sandyflores.com







Negative Equity continues being a Serious Concern Despite Year Over Year Decline!

Negative Equity continues being a Serious Concern Despite Year Over Year Decline!


While the percentage of homes in the United States with negative equity has declined substantially since the fourth quarter of 2013, they experienced a slight increase quarter-over-quarter in Q4 2014, according to CoreLogic‘s Q4 2014 Equity Report released last Tuesday.

CoreLogic reported that 10.8 percent of all residential homes were underwater in Q4, this is about 5.4 million properties approximately, which was down from 13.3 percent  in the same quarter a year earlier. The Q4 total was up slightly from the 10.3 percent that was reported for Q3 2014 – an increase of 3.3 percent.

Despite the year-over-year decline in the percentage of underwater residential properties, negative equity remains a serious issue, according to Anand Nallathambi, president and CEO of CoreLogic. For the full year of 2014, 1.2 million borrowers regained equity – but nearly five and a half million properties remained in negative equity as of the end of the year after approximately 172,000 homes slipped into negative equity from the third quarter to the fourth quarter in 2014.

Approximately 10 million of the nearly 50 million residential properties with a mortgage in the United States, which is about 20 percent of these properties have less than 20 percent equity, a condition known as under-equitied.

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Mortgage Rates slightly higher

Mortgage Rates slightly higher

Finding-a-refinance-rate-for-your-homeMortgage rates are higher today, leaving September as one of only 3 months this year with noticeable upward movement.

And today was an exception to that recent trend, but it’s tempered by the fact that yesterday’s gains were the best of the month.

The only downside is that the most prevalently-quoted conforming 30yr fixed rate for top tier borrowers remains 4.25% whereas it would have likely moved to 4.125% if rate went the other direction today.

These movement considerations may be small scale compared to what lies ahead.  Several big tickets events are coming up in the second half of this week and they stand a good chance to increase the level of volatility.

New homes sales see biggest monthly jump!

New homes sales see biggest monthly jump!

Sales of new single family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, up from July’s printing of 427,000, the fastest rate in six years and the biggest monthly jump since January 1992.


The biggest gains and by far the reason for the big increase were new home sales in the West, one of the two largest housing markets, along with the South.

New home sales in the West were up 50% over July.

The South saw an 8% increase. The South is by far the largest region for new home sales, outdistancing all other regions combined.

The median sales price of new houses sold in August 2014 was $275,600; the average sales price was $347,900.

Jumbo Loans Cheaper and Easier to Get!

Jumbo Loans Cheaper and Easier to Get!

bigstock-Resort-collage-made-of-Cyprus--14454446Wealthy home buyers are paying lower average rates on high dollar loans, and in some cases, they don’t even have to worry about a large down payment or mortgage insurance.

For months, lenders of jumbo mortgages have been charging interest rates that are lower  than what average borrowers pay. Jumbo loans are mortgages that above $417,000 or $625,000 or more in high-priced markets.

Many lenders also have requiring as little as 10 percent, which is about half the normal rate, waiving the private mortgage insurance, and even lowered their credit standards for jumbo loan originations.

Luxury homes are selling faster than last year, according to data through July from Realtor.com.   The median age of listings ranged from 80 days  for homes listed at $1 million or more.

Why this is a great time to sell your home?

Why this is a great time to sell your home?

Selling a house is a big decision, and there will be many factors in your decision to put your house on the market. The key is to not have to sell your house until the timing is right, at a time of the year when the market is hotter.

Home For Sale Signs In Front Of Beautiful New Homes.

When is a great time to sell your house? When you will get the most value for the property!


Several factors contribute to this, but always remember that time is the most important factor in achieving maximum value for your property.

While there is no way to tell when the housing market is at its top, the housing market we have seen does have some troubling similarities.  The idea to cash into your house and make a tidy profit while hoping the market to cool with the intention to find some bargains later is at a high stakes bet. Real estate market has a cyclical trend with ups and downs. However, it is not an excellent idea to speculate for most people as they’re not dealing with just money but with a real asset with real value.

Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking price in some cities. These trends make it seem like a return to the days of the housing boom.

The turnaround comes roughly seven years after the housing bust and signs that the economic recovery is picking up. As the unemployment rate drops and consumer confidence increases, more buyers are entering the housing market and sellers are finding that they have more leverage in negotiating the going prices of their homes.

More homes are expected to hit the market, and you will probably see that the number of “For Sale” homes will rise, with much of the extra supply coming from home builders. Since the recession, investment firms, including private-equity firms and hedge funds, have been purchasing large numbers of single family homes and turning them into rentals. Some analysts say that the supply & demand imbalance has helped to create this seller’s market by following this trend.