Corona California Community Business News

Corona California Community

Why rent?

05/14/2012

It might surprise you that many new home builders have some great deals going on right now. Many have homes that will give you the same mortgage payment or better than buying a "short sale" or "Bank Owned" property. If you have been waiting for the bottom of the market for a sweet deal this might be it. Run the numbers yourself and see if now is the time to buy. Thinking oh I'll wait and rent until I see what the market will do. Look at this chart and reevaluate that decision. You’d rather RENT? October 1981 October 2011 AVERAGE HOME PRICE $82,500* $242,300* RATES 16.63%** 4.0%** MONTHLY PAYMENT $1,147 P & I $1,093 P & I RENT $315/mo* $1,356/mo.*** *US Cenus**FHLMC*...

FINAL WALK-THROUGH

05/11/2012

FINAL WALK-THROUGH Several weeks or months can pass between the day you put an offer on a house and the day you take possession of it. In between a lot can happen that can affect the condition of the property, such as a leaky roof, a dripping faucet or stains on the carpet. Inspection experts suggest doing a final walk through to assess the condition of the home before you take possession of it and make sure it is in the condition you agreed on when you signed the contract. As you walk th...

Corona Homes Sales

05/01/2012

Historic Count of Sales by Month Sales, Number of Month 2009 2010 2011 2012 Jan 591 328 364 285 Feb 523 323 333 289 Mar 585 388 440 379 Apr 548 443 359 105 Date is in the months January-April for the years 2009-2012 Type i...

Bright Idea to save money!

04/20/2012

Bright Idea to save money! Looking for a cost-effective way to increase security in your home and save energy at the same time? You could put some of the lamps in your house on a timer — or you could consider wireless lighting. According to Frontdoor.com, wireless lighting enables you to replace switches in your home with receivers that respond to radio frequency signals from remote controls. It might sound complicated, but it’s fairly simple: Disconnect the manual switches and repl...

ROI MATTERS (Return on Investment)

04/12/2012

ROI MATTERS If you’re looking to make some upgrades to your home this year, be sure to think about what makes sense for your lifestyle as well as what will offer the best return on investment. Start by checking out the results of Remodeling magazine’s latest Cost vs. Value report. If you have an attic, you could be using it for much more than just storing holiday decorations and boxes of mementos. According to the report, converting part of the attic into an extra bedroom — which, on ...

Why rent?
FINAL WALK-THROUGH
Corona Homes Sales
Bright Idea to save money!
ROI MATTERS (Return on Investment)

Why rent?

Corona Real Estate No Responses »

May 142012

It might surprise you that many new home builders have some great deals going on right now. Many have homes that will give you the same mortgage payment or better than buying a “short sale” or “Bank Owned” property. If you have been waiting for the bottom of the market for a sweet deal this might be it. Run the numbers yourself and see if now is the time to buy.

Thinking oh I’ll wait and rent until I see what the market will do. Look at this chart and reevaluate that decision.

You’d rather RENT?

	October 1981	October 2011
AVERAGE HOME PRICE	$82,500*	$242,300*
RATES	16.63%**	4.0%**
MONTHLY PAYMENT	$1,147 P & I	$1,093 P & I
RENT	$315/mo*	$1,356/mo.***

*US Cenus
**FHLMC
***rentjungle.com

Three things to think about:

1. Average home prices have gone up approx. 3 times in the last 30 years(US Cenus)
2. Because rates are about one fourth what they were 30 years ago , the payment of an average home is less than it was 30 years ago. (FHLMC)
3. Average rent is up 4 times in 30 years. (rentjungle.com)

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FINAL WALK-THROUGH

Corona Real Estate, Trilogy of Glen Ivy No Responses »

May 112012

FINAL WALK-THROUGH

Home inspection

Several weeks or months can pass between the day you put an offer on a house and the day you take possession of it. In between a lot can happen that can affect the condition of the property, such as a leaky roof, a dripping faucet or stains on the carpet. Inspection experts suggest doing a final walk through to assess the condition of the home before you take possession of it and make sure it is in the condition you agreed on when you signed the contract.

As you walk through the home with your agent, use a checklist as a guide to make sure everything is working properly, and note any questions you might have. Below are a few items in a typical checklist, but it also covers the roof, gutters, doors and windows, floors, basement and attic.

Plumbing — Flush all toilets and check for leaks. Do they keep running after they flush? Run the sink and shower faucets and check for proper drainage and leaks. Also check for hot water and water pressure.

Electrical — Make sure the utilities are on, especially if the home has been vacant for some time. Operate all lights, switches and ceiling fans. Also test the smoke alarms, and run the kitchen appliances. When you run the washer
and dryer, check for leaks from the washer and make sure the dryer gets hot enough.

Heating and air conditioning — Use the thermostat to operate the heating and cooling system. Check for heat and cool air at all registers.

General — Open and close windows so they operate properly, and check for broken glass. Look for stains on the ceiling that might indicate a leaky roof. Check garage doors and make sure they are in working order.

A final walk through is not another home inspection. You are looking for items that have changed or have been damaged since your home inspection. This is also the time to check for any repair work that was agreed upon in your contract.

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