Real Estate News, Tips & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 10, 2019

18542 Vantage Pointe Dr. Rowland Heights

Located within the sought-after Vantage Pointe community, this is the ideal home for those who enjoy peaceful living but require plenty of room to move and play. There are five bedrooms and four baths spread throughout the two-story layout plus there’s a generous backyard. No neighbors across the street means you can take full advantage of the panoramic 180-degree views as you sip your morning coffee on the front patio. There are multiple living areas to enjoy including a formal dining and lounge along with an open-plan eat-in kitchen and family space. The kitchen is a great size and features an island, plenty of cabinetry and gas cooking. Gather in front of the family room’s fireplace or host friends on the rear patio overlooking the backyard and Koi pond. Each bedroom is well proportioned including the luxurious master suite plus there is also an additional mini-suite on the upper level. A security camera system ensures added peace of mind while a three-car garage provides ample secure vehicle storage. This home is for sale by the original owner and will appeal to a wide range of buyers seeking a comfortable, relaxed lifestyle.

  • 5 Bedrooms and 4 bath

  • 3,212 Sq Ft

  • 1995 Construction

  • 8946 Sf Lot

  • Highly desirable Vantage Pointe community

 

To Schedule a Private Showing,  please contact Jack at (909)610-5188.  

To view more photos,  click here

 

Posted in Featured Property
Sept. 10, 2019

13798 Roswell Ave. #B177 Chino

Dreaming of a relaxed and friendly community where you can maintain an active lifestyle while also enjoying low-maintenance living? This 55 and over Active Adult community (No Age restriction on purchasing) is within easy walking distance of shops, restaurants and amenities and features a long list of facilities that you’re sure to love. Enjoy the added convenience that comes with a ground-level unit along with three spacious two-bedroom, two-bathroom layout. Both bedrooms are good sized with adding extra comfort while the bathrooms are well-appointed. Relax in the bright open-plan living space that spills out to a good-size patio, perfect for hosting friends. The kitchen is complete with granite counters and ample cabinetry along with a suite of modern stainless steel appliances. This unit offers a single detached garage while residents also have access to an indoor pool and spa, a recreation room with fitness facilities along with a barbeque area. A huge range of shops are nearby including the Golden Palms Plaza and the Grandview Pharmacy.

  • 2 Bedrooms 2 Baths

  • 941 Sq Ft

  • Built in 2009

  • Gated Community

  • 55+ Active Adult Community

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)529-1989!

Posted in Featured Property
Sept. 4, 2019

August 2019 Market Update

What you see is what you get

Is it still a seller's market?  Will the market become a buyer's market?  Where is the market heading?  We get asked all the time.  Many buyers and sellers are holding out for a major shift in the market favoring their point of view.  Ultimately, where will the market go?

 

Today's house market is in a slight seller's market sitting on 3.7 month of inventory.  This is when homes are not appreciating much at all, but seller still gets to call more of the shots during the negotiation process.  So,  what's next?  

 

Here comes September!  With kids back in school, we are officially in the Autumn market.  The Spring and Summer market are now in the past.  The busiest time of the year for real estate is in the rear mirror.  

 

From now till end of the year,  the number of homes for sale will drop for the rest of the year and there will be fewer and fewer choices for buyers. At the same time,  buyer demand will drop slowly for the remainder of the year.  It's just not the most advantageous time for family to move with the kids back in school and then the holidays. 
 


With supply and demand dropping at nearly the same rate (32% vs 33%) from August to end of the year, the trend of the market will not change much as well.  

Buyers and sellers need to be careful with their expectation.  Barring any major changes politically and economically,  what you see is what you get the remainder of the year.  

For any question specific for your community or anything in general,  feel free to contact me at (909)529-1989.  I'd love to answer any questions you may have.  

Also check out my latest Video Posts.  Click Here.  

Posted in Market Updates
Sept. 3, 2019

4 Reasons to Buy Now

 

 

Are you thinking about buying a home soon? If not, here are four great reasons to consider it.

 

One question that I’ve been hearing a lot lately is, “Is it a good time to buy or should I wait?”  Here are a few factors to keep in mind if you’ve been asking the same question:

 

1. Appreciation. In California, the average home value appreciation in the last 60 years has been 6%. This number includes both the up market and the down market. If you take into consideration that banks are offering 2% interest right now, it’s a pretty good investment.

 

2. Interest rates. Our rates are the lowest than they have been in the last two years. They’re as much as 1.5% lower than the peak of 2018. What does this mean for you as a homeowner? Well, if you were to buy a home last year, you would be paying $300 to $600 more each month than if you were to buy now. That’s a lot of money, so it makes sense to take advantage of these rates.

 

Buying a home is like a forced savings plan.


 

3. Principal reduction. I call this the forced savings plan. Think of your home as a giant piggy bank. As you pay your monthly mortgage, part of it actually goes toward your principal. As you pay down the principal amount, your equity increases. I’m actually going to do another video on this specific topic in the future, so keep an eye out for that.

 

4. Tax benefits and write-offs. There are two main tax benefits of homeownership. Homeowners can deduct the interest expenses on up to $750,000 of their mortgage and they are exempt for up to $250,000 on any capital gains on their homes. I’m not a tax consultant, so make sure to talk to your CPA to get a better idea of your situation.

 

Ultimately, if you are looking to buy a home and hold onto it for five, 10, or 15 years or more, it’s a fantastic time to make the leap to homeownership. If you have any questions for me in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Buyer Tips, Videos
Aug. 22, 2019

The Top 7 Mistakes You Must Avoid When Listing Your Home

There are seven common mistakes home sellers must avoid if you want to get the best deal possible.

 

Home sellers must avoid certain mistakes if they want their listing to be successful. Here are seven, in particular, to steer clear of if you want to sell quickly and for top dollar: 

 

1. Overpricing your property. NAR data shows that pricing your home just 5% over market value can mean the difference between watching it sit unsold for months at a time and selling it for top dollar in a reasonable time frame. 

 

2. Poor presentation. Getting your home sold for top dollar is not just a price war—it’s also a beauty contest. A home that’s properly upgraded and prepared can sell up to 88% quicker and for 10% more money than a home that isn’t. 

 

3. Limiting showing availability. A missed showing opportunity is a missed sale opportunity, so be flexible with your showing schedule. Consider using a lockbox and be ready to leave your home on short notice. 

 

4. Underestimating selling costs. Aside from your Realtor’s commission, there are other fees involved in a home sale, including escrow fees, title fees, and buyer-requested repairs. Have your agent prepare a net sheet ahead of time so no additional expenses catch you off guard. 

“ 

A missed showing opportunity is a missed sale opportunity.


5. Reviewing an offer with a closed mind. Price is an important part of an offer, as are many other terms, but when you accept an offer, you need to make sure it closes and closes on time. Wasted time can cost you thousands of dollars, so compare all offers based on their price, terms, conditions, contingencies, and closing dates to find the best one. 

 

6. Not understanding the sale process. A real estate transaction can involve anywhere from 12 to 20 people, which means there are a lot of steps involved from beginning to end. Make sure you go over each step of the process with your agent so you’re prepared for anything that comes up. 

 

7. Choosing the wrong agent. Any agent can list a home for sale. Is your agent just going to put your home on the MLS, put a sign in its front yard, and pray that it sells, or will they utilize a proven marketing system? Your agent should be able to understand and react to the market and be honest with you about what it takes for your home to sell. 

 

If you’d like to talk more about how to make sure your home sells quickly and for top dollar or you have any other real estate questions for me, don’t hesitate to give me a call or send me an email. I’d be happy to help you. 

Posted in Seller Tips, Videos
Aug. 9, 2019

4180 Lugo Ave. Chino Hills, CA 91709

Attention investors or first time home owner! One of the best priced home in Chino Hills. This 5 bedroom 2 bath home is located near the Los Serrano Golf course. Conveniently located near 71 freeway for easy access to LA, Orange, San Bernadion, and Riverside County. Property offers plenty of potentials. Single story with all bedrooms on the ground level. Don't let this opportunity pass!

Click here for more info.

 

  • 5 Bedrooms 2 Bath

  • 2,047 Square Feet of Living Spaces

  • Cute Mid Century Home with potential

  • Built in 1930

  • Offered at $480,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)529-1989!

Posted in Featured Property
Aug. 9, 2019

2330 S. Diamond Bar Blvd. #H Diamond Bar, CA 91765

Award winning Walnut Valley Unified school district! Conveniently located Diamond Bar Home within minutes drive from shops, restaurants and supermarket.  This remodeled entry level condo is ideal for investors or first time home buyer.  Located on the ground floor with no stairs to climb.  Spacious 2 bedrooms with its own baths.  Kitchen has been upgraded with granite countertop, laminated wood floor and crown moulding throughout the unit.   Private washer and dryer in unit so you don't have to share a community laundry room like many of the similar unit.  

 

  • 2 Bedrooms 2 Bath

  • 970 Square Feet of Living Spaces

  • Gated Community

  • Built in 1980

  • Offered at $390,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)529-1989!

Posted in Featured Property
Aug. 8, 2019

July 2019 Market Update

Rates Down....Big Deal...What does it mean for you?

 

The news is out.  The Federal Reserve Bank announced the cut of federal fund rate for the first time since 2008. 

 

Mortgage interest rate has been dropping since March this year.  The interest rate now is nearly 1.5% lower than the high of 2018 and is the lowest since November 2016!  1.5% drop sounds good but what does it really me for you and I as a consumer?  

 

Let me put this in perspective with some actual numbers.  If you were borrowing $500,000 when the interest rate was at 5%,  your monthly payment would equal to $2,684.11 for principal and interest.  Now if the interest was at 3.5%,  the monthly payment would equate to $2,245.22.  That is a whopping $438.89 A MONTH!  

 

 

To make things more interesting.  If you were OK with the same $2,684.11 monthly payments,  the 1.5% rate drop meant that instead of $500,000 loan amount, you could borrow up to $597,737.84 -  almost $100,000 more in loan amount. That means bigger houses and better house!

 

 

As a results we have seen the market stabilizing and improving since March of this year.  As matter of fact,  median sales price in Los Angeles County was up 3.2% in July 2019 compare to July 2018 and 0.6% in Orange County.  

 

The low interest rate and the improve market activities presents a fabulous time for both sellers and buyers on the market. 

 

Who do you know that have real estate plan that can use my service ?

 

Give me a call today at (909)529-1989.

 

 

July 6, 2019

June 2019 Market Update

 

Looming talk of rate cut help stabilizing the real estate market

The US labor market saw the best job growth of the year in June,  but outside of the labor market, economic data has deteriorate significantly.   Also with the trade war warrants worries, the market are still see a 100% probability of an interest rate cut at the Federal Reserve's next meeting on July 30-31.  

Despite federal fund rate remained unchanged after June meeting,  we have seen a further drop in the mortgage interest rate.  We have seen interest rate as low as 3.75% for 30 year fixed and 3% and below for 15 year fixed.  The lowered interest rate has continue to stabilize the real estate market by driving interest sensitive buyers back into the market.  

As a result , we saw an 0.9% increase in the year over year medium sale price in June for the entire MLS up slightly from May.   With this trend continuing,  the market should be relatively steady for the next few months and possibly extending the busy summer season into early fall.  

What does it mean for the buyers and sellers on the market?  

Buyers should fully take advantage of the interest rate and lock in interest rate at less than 4% for 30 years.  With more buyers back on the market it is a great time for homeowners to take advantage of the increased market activities.  We are still seeing some multiple offers on well priced and move in ready homes.  

Let me know if there is anything in the world at all that I can help!

 

Posted in Market Updates
July 6, 2019

1345 Winterwood Ln. Diamond Bar, CA 91765

Award winning Walnut Valley Unified school district! Conveniently located Diamond Bar Home within walking distance to Quail Summit Elementary school and minutes drive from shops, restaurants and supermarket. This 1864 sq ft home features 4 bedrooms and 3 bath on a nearly 7000 sf lot with sparkling pool. Bright and airy floor plan with recess lighting throughout and a fresh coat of paint. Laminated wood floor throughout 2nd floor and family room. Kitchen has been upgraded with granite counter top and newer cabinets. All bathrooms were upgraded as well. Ceiling fans in all bedrooms upstairs and multiple balcony/deck overlooking the front and backyard. Very good size yard for the kids to play in and pool to ward off the summer heat.

 

  • 4 Bedrooms 3 Bath

  • 1,864 Square Feet of Living Spaces

  • 6,912 Square Feet of Lot

  • Built in 1974

  • Offered at $738,000

Make this your dream home!  Call Jack Ma to schedule a private showing at (909)610-5188



Find more information here

Posted in Featured Property