Even when you think you have your life all mapped out, things happen that shape your destiny in ways you might never have imagined. ~ Deepak Chopra

Looking for a home in South Orange County?

I am beyond excited to have joined the Sheri Isaacs Real Estate Group at Keller Williams Realty in Mission Viejo!

It is our mission to create a successful and positive residential real estate experience for each of our clients by providing superior, personalized service through our team of dedicated professionals working together to achieve our clients' highest objectives and to earn their future business and referrals.

To visit the site of Sheri Isaacs Real Estate Group:  Click Here!

To find your next Mission Viejo home:  Click Here!

Have a 5 star day!

Does Moving Up Make Sense?

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving. 

3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district. 

4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.

5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.

6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.

If you are considering moving up, I can help you list your current residence AND help you find that perfect new home for you!  

Contact me!

NOW is THE time to buy a home!

Home affordability in the United States is nothing short of amazing. Even though current price trends for the United States and Canada are considerably different, the same principle applies in both cases: clients need perspective and they need to look beneath surface statistics before making informed decisions
The first chart below dramatically illustrates the impact of lower interest rates on housing costs, and the relative affordability of housing in the United States. The cost of a loaf of bread and a gallon of gas has more than tripled since 1989, and car prices have nearly doubled. While the median price of a new home has increased by 70 percent, mortgage interest rates, which stood at 10 percent back in 1989, are less than half of what they were back then. The impact of rock-bottom interest rates is that the monthly mortgage payment on a median priced home in the United States has increased by a mere $4 since 1989.

Unless a buyer is paying cash, the monthly payment tends to be a far more relevant number than the home’s actual purchase price. So for buyers who are waiting for home prices to hit the floor, before buying it’s important to point out that the possibility of a slight drop in the price of a home will have very little impact on the monthly payment, while even a slight rise in interest rates (a far more likely scenario) will have a significant impact.
Timing the market to a T is never possible and in the current market, staying on the sidelines is more likely to result in a missed opportunity than a small savings.
Even so, buyer reluctance in the current market can outweigh compelling facts. U.S. buyers are skittish about the housing market, and the fact is market skittishness is actually a good reason to buy now.  General uncertainty about the housing market and a reluctance to take action only contributes to the number of deals and negotiating power available to astute buyers. U.S. buyers who are waiting for the real estate market to “recover” are in fact waiting for a reduction in inventory, fewer foreclosed properties on banks’ books, rising home prices and sellers who don’t need to be as motivated.
That scenario will be welcome news for sellers, banks and the U.S. economy as a whole, but not for buyers. Now is the time for U.S. buyers to act and for you to offer the perspective that helps them to understand why.
In Canada, on the other hand, average home prices are trending upwards, but as is always the case, those of us who are willing to dig beneath surface statistics are far better positioned to help our clients to understand the big picture and to take action. Before we look at housing affordability in Canada, though, I’d urge all Canadian associates to make sure that your clients also understand the opportunities that rock-bottom U.S. interest rates and real estate prices – particularly in the sunshine states – represent to them as well. In doing so, you stand to power a new stream of referral income.
As the chart below indicates, the average home price in Canada has increased by 160 percent since 1990, while increasing 9.5 percent since last year. For some buyers, this trend might contribute to a sense of urgency to buy before housing prices shoot up any further.

Others could take one look at current prices and be convinced that they have been priced out of the market. This is where your perspective proves critical. Remind your buyers that all real estate is local. The recent run-up in average real estate prices reflects above-normal sales activity in the priciest markets, so make sure that your clients are looking at local price trends within their specific price range.
At the same time, remind your clients that the monthly mortgage payment, not the actual purchase price, tends to be the relevant number. Whereas the average home price in Canada has increased by 160 percent since 1990, mortgage interest rates have decreased by 60 percent. As a result, over the past decade, the average mortgage payment has increased by less than 25 percent – a statistic that is likely to shift the perspectives of many Canadians on the feasibility buying a home in the current market.
 ONWARD …

Going through a divorce or know someone who is?

Divorce Shield is a network of professionals in your area that can help you get through this incredibly difficult and overwhelming time.  They help you learn your options and guide you towards making the decisions that are best for you!

Gain the clarity, control, and confidence you'll need during this challenging and stressful time. You will get a free plan that is broken down into sections that are easy to understand and build upon. Guide yourself through each section with checklists, worksheets, and expert insight that can help you navigate the potential minefield of divorce.

We connect you to local professionals who are ready to assist you in twelve different categories. From attorneys to financial professionals, you will have access to build the best possible local team of advocates for your personal situation.   They also have a network of real estate agents (like me!) to help protect your interests in your home or help you relocate to a new one!

Mission Viejo Divorce Shield

Are You STILL Renting?

There has never been a better time to enter the real estate market. So, why throw away money on rent when you can be your own landlord?   Mortage rates are low, great homes are more affordable than they have been in recent history, and the market is full of highly-motivated sellers.  Visit my website at www.5starday.com to start your home search!

Your First Home: The Proven Path to Home Ownership

There is a special category of life's firsts. First kiss. Driving for the first time. Going away to college. Starting your first job. Saying, "I do." Having a child. All these unique moments bring significance to the story of your life. Whether you're from Mission Viejo or relocating to beautiful Southern California, walking into your own home for the first time is just as magical.

I have good news about the real estate market! Surprised? Well, it’s true - today’s market provides a huge opportunity for first-time buyers to enter the market.  Unfortunately, much of the media coverage of the real estate market has caused real fear in potential buyers. In reality, there has not been a better time to buy value in recent years. 

If you know of anyone who has found themselves overwhelmed or discouraged from buying their first home, please send me their contact information so that I can send them a free book. Your First Home: The Proven Path to Home Ownership outlines the process of home ownership in eight simple steps and is a must-read for anyone considering purchasing their first home.

With my experience, passion and knowledge of today’s market, I am fully prepared and anxious to help your friends and family find their first homes. And as always, your referral is the best compliment that I can receive.  

Visit my website at 5 STAR DAY to view available homes or get additional information today!

Helping you to find the perfect home for you!