Living In Socal

Community and Real Estate Happenings for Living in SoCal ~ News You Can Use Everyday

Preferred Home Brokers Announces…

February 23rd, 2010 · No Comments

Preferred Home Brokers Announces...Exciting news for Preferred Home Brokers…yes, one of the oldest independent real estate brokerages in Orange County is eager to announce  our WE’RE MOVING!

 That’s right, we’re about to have a NEW LOCATION!  We’re moving to  3230 E. Imperial Hwy. and in the beautiful city of Brea. More importantly, we’re on the western side of the Land of Gracious Living in Yorba Linda and right next door to Placentia, a great place to call home!

Good new, we still have the same phone number, 714 595-1494

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Lynda Eisenmann
Posted by: Lynda Eisenmann | Filed in: Important
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Nixon Library Yorba Linda, Visit For FREE

February 12th, 2010 · No Comments

Who says there’s no FREE lunch?  Maybe true, yet YOU will find free admission to the Richard M. Nixon Presidental Library in beautiful Yorba Linda, Ca.

That’s right, celebrate President’s Day 2/15/2010 with FREE admission to the library!

  • Hours are from 10:00 to 5:00.

So round up the kids or just head over there yourself on Monday, President’s Day, the first 100 in attendance will receive a complimentary cherry pie!

The museum is located in beautiful Yorba Linda, CA in northern Orange County. Yorba Linda was the birthplace of Richard M. Nixon and is now the final resting place of the President and First Lady.  Click here for the location and directions to the museum.

Marine I Richard Nixon LibraryThese photos are ones I took on a recent visit last December. We attuned a special exhibit of “trains” that the kids absolutely loved.

Marine One, on the left is open for interior viewing as you walk though with a docent. Our docent that day explained to the kids how the helicopter was also used by four presidents, including Kennedy, Johnson and Ford.

Presidential libraries are of huge interest to me, yet I’ve only seen a few of them myself.

If you have the opportunity to pay a visit to Southern California, we’re fortunate enough to have two of them, this one in Yorba Linda and the Reagan Library in Simi Valley, CA.

You can also text or call me direct, (714) 595-1494.

~CA Broker’s License #00402040.

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Lynda Eisenmann
Posted by: Lynda Eisenmann | Filed in: Events, Yorba Linda
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La Habra Homes Sales ~ Real Estate Report

February 1st, 2010 · No Comments

La Habra Home Sales ~ Real Estate Market Update

La Habra Golf Club

4th  Quarter Closings City of La Habra for 2009 vs. 2008:

  • $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
  • $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market

 Not all type of sales are the same: 

2009 ~  130 Total Closings~ 43%  Standard Sales ~ 26%  Bank Repos ~ 20% Short Sales ~ 11% Other

2008  ~ 154 Total Closing ~  29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other

In analyzing the info I think the numbers reflect several things:

(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.

(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.

If you’re looking to buy a home or sell a home in La Habra, contact me, direct or text  714 595-1494.

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Lynda Eisenmann
Posted by: Lynda Eisenmann | Filed in: La Habra Market Report
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Surviving Your Short Sale ~ Reality vs. Myth

December 30th, 2009 · No Comments

Surviving Your Short Sale ~ Reality vs. Myth

Short Sale In Orange County

Anyone in a short sale situation knows, it’s anything but short, and it’s anything but predictable. 

In addition being in a short sale situation can be a stressful experience to say the least. No two are the same, however there are some common traits, at Preferred Home Brokers we do our best to help you get through the process.

Keeping you informed is step one, I hope you find this helpful: 

  • Your lender requires your entire application/package be submitted all at the same time.
  • Your approval may be determined by a third-party negotiator (asset manager) for your lender who is most likely over-worked and has more on their plate than they can handle.
  • Your approval process can be more difficult if there is more than one loan. Even if multiple loans were made by the same lender, you may have two completely different departments (locations) needed to approve the process. 
  • Your second lender won’t (and isn’t required to) roll over, they will expect some compensation/payoff to sign off.
  • Your broker’s experience obviously is crucial, however (irrespective of what you may have heard from some) your broker does not have control of whether your lender will consent to the short payoff.
  • Your broker will may not provide legal or tax advice, you are advised to see your own from the proper professional.
  • Your lender (if approved after waiting months) will want a fast closing and condition the approval on a final last minute review of costs/expenses just days prior to closing.
  • Your short sale addendum (to the purchase agreement) states you shall reasonably cooperate with the lender (s) in the short-sale process.
  • Your buyer is not required to meet your lenders terms.
  • Your buyer’s deposit check may or most like may not be placed into escrow until written approval is received from your lender.
  • Your buyer may not stick it out, they may withdraw their offer at some point, depending on the length of time it takes.
  • You and your buyer may incur some expenses during the escrow, i. e. inspection, appraisal, association documents. Etc.

As your REALTOR  I will do everything possible to obtain approval, often working for months, with no assurance of compensation. My success is dependent on your success.

Preferred Home Brokers is an independently owned real estate brokerage with track record of more than 30 years of helping buyers buy and sellers sell homes.

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Lynda Eisenmann
Posted by: Lynda Eisenmann | Filed in: Consumer Help
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Holiday Greetings from Beautiful Brea

December 18th, 2009 · No Comments

Holiday Greetings from Beautiful Brea

Brea’s Art in Public places displays art work all over town.

  •  This piece “Jumping Deer” is one of my favorites. I see it everyday, it’s just 2 blocks from my home in north west Brea. Actual locations is the corner of Berry and Northwood at the corner of the Fieldstone Terrace Homes.

You can see the deer are ready for the holidays!

Posted via email from Living in SoCal

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Lynda Eisenmann
Posted by: Lynda Eisenmann | Filed in: Brea
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