The Power Is Now Real Estate Magazine | May, 2021

the power is now REAL ESTATE MAGAZINE

CORONA HOUSING REPORTS, MAY 2021 Trends, Data, and Appreciation Rates page 8

REAL ESTATE FOR SALE! MAY 20 | 2021

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Promote Your Listings Online CALL ME FOR MORE INFORMATION ERIC LAWRENCE FRAZIER MBA (714) 361-2105 eric.frazier@fbol.com www.thepowerisnow.com

YOUR VOICE IS YOUR BRAND! INCREASE LEAD GENERATION, AND GIVE YOU THE POWER TO CLOSE MORE DEALS!

SELECT A VIP AGEN Adrian Bates Los Angeles

Adriana Montes Florida

Ameer Elahee Fontana

Cornelius Jackson Irvine

Danon Burnside San Bernardino

Denise Matthis San Diego

Joe L. Fisher Richmond

Johnnie Morine Texas

Julius Cartwright Ohio

Monica Hill Menifee

Norman Green San Francisco

Jenny Gonzalez Corona

Kamesha Keesee Corona

Kenneth Session Bay Area

Briana Frazier Los Angeles

Emerick A. Peace Maryland

NT IN YOUR AREA Peggie Simmons Arizona

Robert Langston Fairfield

Ruby Frazier Riverside

Steve Peterson Oakland

Success Money LA Area

Yvonne McFadden Arizona

Sharon Bartlett Texas

By Ameer Elahee

RELOCATING? MAYBE YOU SHOULD CONSIDER THESE FIVE FONTANA NEIGHBORHOODS

T

he COVID-19 pandemic has affected how we live our lives. And one of the changes we have recorded is individuals’ need to seek out less confined locations to live. Indeed, big city life comes with a variety of perks, such as a vibrant nightlife scene, thriving commercial sectors, and the blessing of anonymity. However, it also comes with so much pressure, and it’s perfectly normal to desire a change of pace.

Relocating can be an arduous task but having sufficient information makes the process easier. Within the San Bernardino County of Southern California lies Fontana, an enthralling location to consider if you are currently contemplating changing your residence.

YORBA LINDA With over 65,000 people, this neighborhood is well-known as one of the best in the Fontana area. The median rent is $2,079, and most residents own their homes outright. The location is a good fit for individuals who want to experience the suburban 8

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To help streamline your choices, here are five neighborhoods within Fontana that could be a perfect fit for you.

lifestyle without trading-off big-city perks. If children are a consideration, you’d be happy to learn that Yorba Linda also boasts a highly-rated school district.

PARK VILLA For a city transplant, this neighborhood may seem somewhat isolated. But if you prioritize comfort and peace, know you can’t go wrong with Villa Park, CA. The town is one of the safest suburbs in Fontana, with a population of almost 6000 people. There are no small spaces here: each home is built on large lots providing residents with spacious backyards and front lawn. What this suburb lacks in hang-out spots, it makes up for by being close enough to urban areas so you do not miss out entirely on recreation.

WALNUT Walnut is a popular neighborhood for young professionals in Southern California. With a close-knit community of about 30,000, the city has a captivating list of restaurants, shopping malls, and recreational areas. The public school system in Walnut is also renowned for its competitiveness and thanks to the efficiency of the Sherriff department, crime rates are quite low. If you’re a lover of the outdoors, you’ll also enjoy the public parks and hiking trails within the area.

inclusive. Claremont is also home to some of the most respected educational institutions in the nation, making it one of the most suitable neighborhoods in Fontana to raise children in.

EAST VALE This location has a very competitive housing market, and this is understandable considering the quality of life enjoyed by its residents. With a highly-rated school system, a variety of recreational and shopping outlets, as well as inclusive residents, East Vale is constantly undergoing upgrades to accommodate its growing

community.

CONCLUSION As far as suburban communities go, Fontana remains one often the most sought-out locations in the Los Angeles area. If inclusivity, safety, and affordable housing are factors you consider when contemplating a move, these five neighborhoods are worth checking out.

References https://www.architecturaldigest.com/ story/will-the-coronavirus-make-thesuburbs-popular-again https://www.niche.com/places-to-live/ fontana-san-bernardino-ca/

CLAREMONT Claremont is a desirable location for first-time homeowners with a median rent of $1,651. The area offers a pleasant mix of cultures, and the residents are very

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111 4 S Mcauliff St V is alia, CA, 9 3 2 9 2 T u lare County

SINGLE FAMILY HOME FOR SALE LIST PRICE

$369,000

PROPERTY INFORMATION:

Property Information Address: 1114 S Mcauliff St Visalia, CA, 93292 Square Feet: 2843 Housing Type: Single Family Home Lot Size: 38471.00 sq ft

PROPERTY INFORMATION:

3 BEDROOMS

CALL FOR DETAILS

AMEER ELAHEE

DRE#01313504 m: 626-625-0099

3 BATHROOMS 3 CARS GARAGE

ameer@ameerelaheehomes.com www.ameerelaheehomes.com

IS THIS THE RIGHT TIME TO SELL YOUR COMMERCIAL PROPERTY? Steve Peterson projected that there’d be a permanent cut in the market size of office spaces and retail stores up to 20% by 2025.

Commercial Real Estate (CRE) is distinguished from other forms of real estate like residential properties in that it refers to buildings used for income-generation. It witnessed some of the worst hits in 2020, as health and safety concerns led to remote working, an increase in e-commerce, and decline in traditional retail, and so on. Thus, several office buildings and retail stores stood empty for most of last year, with many going bankrupt. In Oakland, for instance, about 15% of office buildings were negatively impacted - and unlike the general real estate market - recovery isn’t expected until towards the end of the year. Several experts have

THE DISTRIBUTION OF THE COVID-19 VACCINE PRESENTS HOPE FOR RECOVERY Physical distancing and other safety precautions observed due to the pandemic affected consumer behavior, and by extension, the use of commercial buildings. However, the distribution of the COVID-19 vaccine across the nation has renewed hope that the dark days for CRE might soon be over.

Nonetheless, some forms of commercial properties performed well even during the pandemic, such as warehouses and buildings used for life sciences.

Thus, the answer to the question: “Is this the right time to sell your commercial property?” might not be easy to come by.

Market reports and analysis for commercial properties in Oakland in the first quarter of 2021 reveal that by and large, the state of affairs isn’t so grim.

That is because the natural human desire for social connection - which we are seeing in much more display this time - is expected to win out as people

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t the start of 2020, property owners benefited from a very favorable context with record sales volumes and rising prices - until the Covid-19 crisis disrupted the market.

Real estate markets then experienced some convergence, with dipping prices of properties in the high-cost metropolis and a boom in prices of the conventionally affordable areas. Nonetheless, the first quarter of 2021 has increasingly witnessed a return to normalcy, as price-rates are generally rising. That, however, doesn’t deny that there is still much uncertainty in the industry. And if you have considered selling your commercial property, this question would have popped up in your thoughts more than once: is this the right time?

receive vaccines. Thus, physical offices, experiential retail, and the hospitality industry may soon witness a boom.

INVESTORS STILL SHOW DEEP INTEREST IN OAKLAND’S COMMERCIAL PROPERTIES Earlier in March 2021, a mega investor, Mapletree Investments, acquired the notable Uptown Station for $419 million in cash. The International firm based in Singapore did so through its affiliate in the country, marking the third popular office complex purchased in less than two years. Stakeholders believe that this latest purchase signifies that investors are still confident in the city’s commercial real estate.

ONLINE HOMEBUYER SEMINAR

However, this robust demand for office buildings seemed restricted to downtown Oakland rather than other sections.

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Besides, several top firms are relocating their headquarters from neighboring Sans Francisco to Oakland, such as PG&E and Credit Karma. In the view of Edward Del Beccaro, TRI Commercial’s Executive Vice President, “San Francisco is having all sorts of issues, and Oakland is the beneficiary.”

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LOW-INTEREST RATES MIGHT LEAD TO A SPIKE IN DEMAND Falling mortgage rates - hitting an all-time low of about 3% - might offer good tidings to anyone wishing to sell their commercial property. The reason? More buyers or investors may desire to take advantage of this opportunity to purchase real estate - including those in the commercial category.

Conclusion Understanding the seasonal trends in real estate is vital to make a well-informed and justifiable decision as a property owner. The current period, though complex and fraught with uncertainty, remains favorable for the sale of commercial real estate. However, you might need to pay attention to your property’s peculiar circumstances, particularly its type, location, and value, to determine whether it would be favorable for you.

References https://www.eisneramper.com/commercial-real-estate-risksopportunities-0321/ https://commercialobserver.com/2020/12/top-cre-trends-to-jumpstartyour-2021/ https://www.fortunebuilders.com/oakland-real-estate-and-markettrends/ https://www.mercurynews.com/2021/03/08/1-billion-three-dealsdowntown-oakland-market-real-estate-tech-pge

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Host:

FRAZIER GROUP REALTY

Speakers: ERIC FRAZIER MBA CAROLYN SUNSERI

LISTED FOR $850,000

10702 Alicante Way, Rancho Cordova, CA 95670 PROPERTY INFORMATION This is a commercial building that is 7,941 SqFt on a 20,960 SqFt lot.

If you’re interested in knowing more about this commercial building, click the button below to view/download Marketing Package.

Call Steve Peterson Realtor DRE#01746140

mobile: (510) 675-7755 e-mail: peterson.infinity@gmail.com

Johnnie Morine

HOW MUCH DOES IT COST TO SELL A HOME IN ARLINGTON, TX? an average home sale price of $705,000 and a median price of $610,000 in 2019 alone.

These figures have changed significantly since then.

Once known for cotton ginning and agriculture, the city with 403,316 people has become the North Texan top destination for sporting and recreation. It sparks with numerous activities ranging from arts and culture, entertainment, shopping, and lots more.

Most people living in Arlington own their own homes, and more homeowners increasingly emerge. According to an online source, the prices of singlefamily homes are soaring due to high demands. “There is an absolute lack of single-family home inventory.”, says the source.

Arlington, Texas, experienced

Homes were sold for about

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$159,900 to over $475,000 between 2020 and 2021.

Prices depended on the size and features of the properties sold. Perhaps, this boom is heightened by the COVID-19 pandemic that led to increased demand for homes in affordable cities across the United States.

The value of homes in Arlington, Texas, is typically at $236,401 and is seasonally adjusted.

Some three-bedroom and twobathroom homes were sold at $127,000 in 2021. Another home of four bedrooms was sold at $290,000.

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lthough North Texan cities have a reputation for lower cost of living, home sales prices in Arlington, Texas, have experienced an upward surge over the years.

Here are keys to help measure market performance across Arlington and within North and South Arlington: •

•

Prices of detached homes increased from $890,000 in 2018 to $950,000 in 2019.

A detached home in North Arlington is 55.5% more expensive than one in South Arlington on average. That is 76.9% more expensive for a townhouse/ duplex.

Besides, recent data provide that threebedroom detached homes are sold for $821,597 on average, while buyers purchased four bedrooms at an average of$1,007,157. Two-bedroom Townhouses/ Duplexes were sold on average at $511,569.

Also, prices of detached homes will appreciate more significantly in the coming years as demand tends to increase.

If you are planning to sell a home in Arlington, Texas, here are things you need to fix with your home before putting it up for sale, so you can sell at a competitive price and prevent unnecessary delay in sales.

• Fix Worn Out Window Screens

Buyers are sensitive about the appearance of the house they want to acquire. Even as you ponder selling your home, consider repairing some of the things that seem minor but are essential. Replace or repair your window screen if Streit’s. In some cases, buyers insist that sellers do that or demand credit.

Why lose a potential buyer because of a window screen that you could have replaced?!

• Fix all Sticky Door Locks

Some door locks may become sticky after being used for a long time, and this should be fixed before putting up your home for sale. Such door locks could turn off prospective buyers as no

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one wants to replace them immediately after acquiring a new home. Ensure all door locks are free to push and pull.

• Ensure Old Electrical Panels are in a Good State/Replaced

Home sellers often have face-offs with buyers regarding the repairs of electrical panels. While the seller may feel it works fine, the buyer might see it as a panel that could disappoint them at any time.

• Hire a Professional Cleaning Service

It is a good idea to clean yourself - but you might need an extra, professional eye to handle the job for you. Such Cleaning services take care of every dusty place you might overlook. Their experience with deep cleaning, as well as more advanced equipment, would be helpful to give your house a make-over.

• Arrange Items to Create Space/ Declutter

Spaces are important to home buyers, so ensure the kitchen cabinets are arranged properly to avoid clutter.

Remove every item due for discarding.

You could fix a garage sale for that.

Nothing appeals to home-buyers like the feel of space.

Conclusion With prices of homes climbing in Arlington, Texas, you might decide that this is the perfect time to bid a sad farewell to your current home. If that is so, your house need not stay on the listings for too long.

Once you make the minor repairs and improvements, seek the services of a broker to get your home listed for sale.

References https://www.elvisbuyshouses.com/sell-your-housefast-arlington-tx/ https://www.arlnow.com/2020/01/28/ask-eli2019-arlington-real-estate-market-reviewdetachedtownhouse/ https://en.wikipedia.org/wiki/Arlington,_Texas

THE POWER IS NOW MAGAZINE | APRIL 2021

YOUR POWER TO BUY A HOME IS NOW! 2712 Rocky Creek Dr, Mansfield, TX, 76063

Offered at $370,000

PROPERTY INFORMATION Bedrooms: 4 Utility Room Level: 1 Full Bathrooms: 2 1/2 Bathrooms: 1 Game Room Level: 2 Living Room Level: 1

CALL ME FOR DETAILS: Johnnie Morine Direct: (817) 266-6629 Website: www.themorinegroup.com

I WAS DENIED

HOUSING BECAUSE I HAVE AN

ASSISTANCE

ANIMAL. SO I CONTACTED

HUD FOR HELP.

SCAN HERE FOR MORE INFO

When a landlord tried to deny me housing because of my assistance animal, I contacted HUD and learned about my fair housing rights. For instance, landlords must make reasonable accommodations for persons with disabilities, such as allowing an assistance or emotional support animal in a no-pets building. If you believe you have experienced discrimination, contact HUD or your local fair housing center and file a complaint.

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It!

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

EMERICK A. PEACE

#320004 240-882-0198 EmerickPeace@KW.com Your #1 Referral Source for Phenomenal Service in Washington, DC & Maryland

By Emerick Peace

T

he pestilent fumes of the pandemic will finally subside as the year 2021 drags its feet towards the end, but the last one year of the Covid19 menace has been challenging to individuals and businesses.

However, the beautiful thing is that the real estate industry has always unleashed the power of resilience, and things are looking brighter every day of 202. The industry in Maryland as it is across will weather the storm.

It will not crash. The waves of disruptions may have temporarily dampened the mood, but things are looking up from a distance, and the coming annual quarters of 2021 will undoubtedly show improvement.

WWW.THEPOWERISNOW.COM

•

HIGH DEMAND AND LOW SUPPLY. Based on the first quarter of 2021, the demand for houses remains high while the supply dwindled significantly. As May sets in, buyers who had difficulties concluding a purchase will be relieved as listings start to increase towards Spring’s high season. However, the pace of increase will remain incrementally low and will affect the housing median prices and mortgage rates.

May is the peak of the housing market’s season, and we expect that the market supply will increase.

•

HIGH HOME PRICES AND MORTGAGE RATES. From March, the home prices have seen an upsurge due to the low supply, the month of May is expected to experience a median home listing price of more than $370,000. The prediction by Realtor.com indicates that the prices for the remaining year may increase by up to 8% than was last year. The housing prices will drop as the year 2022 sets in, and it is expected that demand will soften as supply increases in Maryland. The housing shortage will persist because of the slow pace of homebuilders keeping up with the public demand.

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MARYLAND MAY 2021 AT A GLANCE

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•

•

MILLENNIALS ARE THE BUYERS TO WATCH. They are not only the largest group of homebuyers in the coming season, but as May sets, the millennials are expected to remain the highest number of house buyers. This is one factor that will keep the housing market in Maryland despite the beating and flattening experienced in the last 12 months. In Maryland and across the nation, the housing market is boosted further by recent research findings

by Realtor.com that home buying continues to remain more cost-efficient than renting.

This means the millennials in their millions will remain a pillar of the housing market as they continue to reach their home-buying age.

THE VACCINE EFFECT. The millennials will be joined by families that have felt the ease in the constraints of the Covid pandemic. As the vaccine spreads in Maryland, things are brightening, and more home buying inquiries are expected in May and the rest of 2021. The Covid19 apprehension may have affected potential sellers in the last year. A vaccine Rollout in Maryland will ease that pandemic seller panic and release more

properties into the market, effectively raising supply and softening the median price rise.

•

WORKING FROM HOME MEANS MORE THERE IS A NEED FOR SPACE AT HOME. This also means that people have been adjusting by needing a new home or a spacious property. This is part of what increased buyer demand during this season. The vaccine uptake this May will ease this phenomenon.

The month of May comes with existing economic and health challenges that continue to suppress the real estate industry’s growth in Maryland.

Looking at Maryland this May, the industry continues to be slowed by Covid19 consequences.

However, as the Corona vaccine rollout improves, expect to see the light at the end of the tunnel.

Reference https://www.noradarealestate.com/blog/housing-marketpredictions/

Every Other Friday

10:00 AM - 11:00 AM

Promote Your Listings Online CALL ME FOR MORE INFORMATION ERIC LAWRENCE FRAZIER MBA (714) 361-2105 eric.frazier@fbol.com www.thepowerisnow.com

YOUR VOICE IS YOUR BRAND! INCREASE LEAD GENERATION, AND GIVE YOU THE POWER TO CLOSE MORE DEALS!

4808 Silverbrook Way, Bowie, MD, 20720

$679,000

Property DESCRIPTION Beautiful well maintain extremely well built custom colonial in a private community, tucked away in a great lication. This stately colonial awaits your arrival.Open house Saturday and Sunday 1-3.

EMERICK PEACE Operating Partner | Realtor DRE#320004 d: (240) 882-0198 emerickpeace@kw.com

Property FEATURES • • • • •

Bedrooms: 5 Total Bathrooms: 5 Garage Spaces: 2 Lot Size Square Feet: 20467 Year Built: 1989

Diversity is working.

Shouldn’t it also be living?

Your workplace thrives on diversity, so why shouldn’t your neighborhood? Diversity expands horizons, promotes understanding, prepares our kids. It promises us all a richer life. To better understand how neighborhood diversity will benefit you and your family, please log onto www.ARicherLife.org.

Celebrating the 40th Anniversary of the Fair Housing Act

Strategies to start using today to be more profitable in Real Estate

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eal estate investment has long proved to be among the best ways to make profits and generate generational wealth. Some go ahead to argue that although the real estate market is always changing, it comes with better returns on investment compared to the stock market which tends to be more volatile. However, how do you reap these massive returns on investment?

Your investment strategies are key.

You cannot get massive profits from your real estate investment if your strategies aren’t effective or good enough. This article discusses some strategies and tactics you can use as a real estate investor to maximize on your profits from your real estate investments.

WWW.THEPOWERISNOW.COM

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Adriana Montes 1. LOOK FOR THOSE HIDDEN, OFF-MARKET PROPERTIES. One thing about real estate investment is that if you can’t find deals before anyone else, you’re probably going to have a difficult time making money. Regarding this, you should be aware that most of the properties that can make you good money are not found on the usual MLS or Zillow. These properties are those that the owners want to get rid of fast, and this doesn’t necessarily mean they are the foreclosures.

These off-market properties or pocket listings as others call them, are mostly owned by a couple currently going through divorce, or a homeowner who no longer needs it since they are leaving the country or going through financial distress.

Owners can’t sell these gems through traditional channels since they need to move fast. And they’re mostly identified by the sign FSBO (For Sale By Owner).

How do you find these gems? First is simply by keeping your eyes and ears on the ground. Get your name out there and join networks such as the Rotary Club and Business Network International. Also, try to build connections with estate attorneys since they have access to creditors who need money fast.

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1. MARKET CHOICE AND TIMING. If you want to earn more profits from your real estate investment, it’s crucial to have a knowhow of your local market, or the market you’re looking to invest in rather than what’s happening in the market nationwide. Your investment and its success will be highly influenced by the dominating factors in your specific real estate market. One rule of thumb I should remind you is if you want to have successful real estate investment is to stay away from very hot markets. This is because housing markets are always in cycles as its players pursue economic benefits, while every real estate market is at a different phase of its cycle.

However, if you want a successful real estate investment, look for markets that are in the expansion phase; where sales and prices are steadily rising, with good affordability, with low constructions, and rising capital investment.

Additionally, the location of the property plays another major role. Invest in neighborhoods with high population density, low crime rate, great schools, access to public transportation, good walkability, are developing, and have all basic amenities nearby.

The demand for housing in such locations is always peak.

2. MITIGATE YOUR RISKS. How do you manage or mitigate risks in a real estate investment?

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First, avoid going deeply into debt. If you’re planning to purchase an investment property for sale, put at least 10% down.

Also, where possible, aim for 20% to eliminate private mortgage insurance and get a lower interest rate on the loan.

Another way is to maintain a large cash reserve as possible.

This will eliminate the risk of being compelled to sell the property fast at a loss when you lack the cash to maintain the property before selling.

Lastly, avoid investing in a property whose math doesn’t look appealing in fear of losing out on the deal. Avoid getting emotionally attached to an investment property and mind your risk tolerance as it could land you in trouble.

3. THINK DIFFERENTLY. Real estate investment doesn’t always have to be around singlefamily homes and apartments.

Consider the non-traditional real estate investments such as office buildings, storage unit complexes, industrial space, and warehouses. The real estate investment field is wide and not only centered around living spaces. Consider other options as well.

Work cited. https://www.noradarealestate.com/blog/10ways-successful-real-estate-investment/.

THE POWER IS NOW MAGAZINE | APRIL 2021

930 1 8 th St, Orlando, FL 328 0 5

SINGLE FAMILY HOME FOR SALE LIST PRICE

$500,000

PROPERTY INFORMATION:

Amazing Opportunity..4 units, Strong Block Building.

Quadruplex containing 3/1 and 2 1/1.Plus Independent One 1 bedroom Block House. Always rented, Current Income $2650..Great Potential for new landlord., close to everything. Train, bus. Minutes to Downtown, Hospitals, Highways, Arena, Soccer Stadium, Dr Philips center.

PROPERTY INFORMATION:

5 BEDROOMS

CALL FOR DETAILS

ADRIANA MONTES, JD MBA

m: (321) 689-6258 o: (407) 654-9992

4 BATHROOMS

adriana@floridadreamsrealty.com www.floridadreamsrealty.com

They told us to “Live someplace else.”

We have rights. We called HUD.

SCAN HERE FOR MORE INFO

We found a three-bedroom apartment we loved in a great neighborhood with good schools and a beautiful park. But the landlord told us to live someplace else that would be better for our family.

We filed a complaint with HUD, and now we have a wonderful place to live.

Here are some telltale signs of housing discrimination against families with children:

• • • •

Allowing only one child per bedroom Charging a higher security deposit for families with kids Limiting families with children to the first floor or certain buildings Refusing to rent to families with children

Fair Housing Is Your Right. Use It. Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

ARIZONA 2ND QUARTER REAL ESTATE UPDATES

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rizona is currently among the hottest real estate markets in the country, with the Greater Phoenix real estate market in particular booming. Buyer demand is still hovering higher despite the increasing home prices with dwindling housing supply, particularly new listings.

According to Redfin, home prices across Arizona were up 19.1% year-over-year in March. At the same time, the number of homes sold in Arizona rose 16.7% while WWW.THEPOWERISNOW.COM

the number of homes for sale fell 49.8%.

Moreover, home prices in Arizona City were up 39.5% in March compared last year selling for a median price of $219,000, according to Redfin. Homes in Arizona city housing market sold after 33 days on the market in March compared to 40 days last year. Redfin also reveals that there were 45homes sold in March 2021 in Arizona City, representing a surge from 32 recorded last year. Arizona City

has a competitive score of 75 according to the Redfin Compete Score, meaning many of the listed homes get multiple offers, some with waived contingencies.

Moving on to Phoenix, homes prices went up 17.1% in March 2021, selling for a median price of $350,000 compared to last year, according to Redfin. Homes in Phoenix sold after 26 days on average in March compared to 32 days last year. According to Redfin, there were 2,693 homes sold in March 2021, an increase from 2,170 last year. Regarding l

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Yvonne Mcfadden

this, how hot is the Phoenix market?

According to Redfin Compete Score, Phoenix housing market is slightly above Arizona City with a competitive score of 76 out of 100.

Elsewhere, if you’re considering moving to Arizona, some of the top places you should consider calling home include Scottsdale, Phoenix, and Tucson. A recent study by SmartAsset has revealed that millennials are moving to the Valley of the Sun in their numbers, as Phoenix ranked number three among top cities among cities where millennials are moving.

According to the study, millennials make up 23.23% of the population in Phoenix, or in other words, 390,570 out of the more than 1.68 million Phoenix population.

In another report by Redfin in February, Phoenix recorded the most significant increase of new residents around the country in 2020 and the second highest median home price of $340,000.

Arizona real estate market predictions.

LET’S HAVE A LOOK AT THE FUTURE OF THE REAL ESTATE MARKET IN ARIZONA? “If the housing inventory continues to stay as low as it has been, the market will continue to be strong well into 2021,” says Jan Leighton, Arizona Association of REALTORS president. “Unfortunately, this sudden boom has made it more challenging for first-time homebuyers, however, there may be more opportunities in the outskirts of their towns.”

Leighton further reveals that if mortgage rates maintain the current lows throughout the year, “buyers will continue

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to buy which also sweetens the pot for both buyers and sellers as buyers will take advantage of rates to upgrade.”

Moreover, Arizona Association of Realtors President-elect, Gary Nelson expects the real estate market in Northern Arizona to remain “extremely vibrant” throughout this year, same as last year. Northern Arizona’s real estate market was expected to begin heating up in early April and peak during the summer months.

In Southern Arizona, Tucson, which is the second-largest housing market, remained strong through Fall when it typically slows down.

“New constructions sales will continue to remain strong throughout 2021,” Arizona Realtors First Vice President Eric Gibbs says. “Even as sale prices continue to rise due to low inventory, new construction will continue to keep prices as low as possible for both Arizonians and families from outof-state looking to buy.”

In general, the Arizona real estate market is expected to continue growing through the second quarter and throughout the rest of the year. Brace yourselves folks.

The housing market is not slowing down any time soon.

Works cited. https://www.redfin.com/state/Arizona/housingmarket#overview. https://www.redfin.com/city/21311/AZ/ArizonaCity/housing-market. https://www.redfin.com/city/14240/AZ/Phoenix/ housing-market. https://azbigmedia.com/real-estate/residentialreal-estate/3-arizona-real-estate-marketpredictions-for-2021/.

THE POWER IS NOW MAGAZINE | APRIL 2021

YOUR POWER TO BUY A HOME IS NOW! 947 E ESCUDA Drive Phoenix, AZ 85024

Offered at $375,000

PROPERTY INFORMATION

Awesome North Phoenix Home with NO HOA on a Fully Fenced Corner Lot. Extra Large Patio overlooking the Gorgeous Large Grassy, Blooming Backyard. This Peaceful Location is Amazing. The Large Kitchen & Dining Room are Ready for your Personal Touches. Oversized Living Room. Upstairs bedrooms are Split - Master on One Side and secondary Bedrooms’ on the Other side.

RV.

CALL ME FOR DETAILS: Yvonne McFadden Direct: (480) 628-2619 www.yvonnemcfaddenrealtor.com

When it comes to housing,

little things shouldn’t make a difference.

If you have children or are pregnant and a landlord refuses to rent to you, requires a higher security deposit, limits the use of facilities, or says you can only live in certain areas of a housing complex ... that could be discrimination. And housing discrimination because of familial status is against the law.

If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Peggie Simmons

DOWNSIZING?

Living in a large and spacious home is always a great experience to some families but not for all. For other families, the effort and costs of maintenance that comes with it pose a huge burden, especially when the kids have grown up and moved out.

If you feel overwhelmed in your current massive home, moving to a smaller space or in other words downsizing, can be a great move both mentally and financially.

WWW.THEPOWERISNOW.COM

H

owever, let me remind you that downsizing often means sorting through items that have been accumulating over many years and making challenging decisions about what to keep and what to throw away. So, how do you do make sure you’re doing it right? The process may not be a walk in the park, but there are plenty of tips that you can borrow to make it easier and do it right.

1. START SOONEST POSSIBLE. There is no general rule of when you’re supposed to start preparing for your downsizing process, although some like to put it at at least 3 months prior.

However, the sooner the better. Start the process as soon as possible to give yourself room and time to sort through your house slowly and carefully without l

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NO PROBLEM BUT MAKE SURE YOU’RE DOING IT RIGHT

1. getting overwhelmed.

Starting the downsizing process early gives you enough time to keep your home free of clutter and things you no longer need using your preferred organization method.

Some of the most popular organization methods include One-A-Day method, KonMari Method, Four-Box method, and the Closet-Hanger method. No matter the method you choose, the aim is to find a balanced workflow and end up with items you actually need.

2. DEAL WITH ONE STEP AT A TIME. The thought of decluttering your whole home may seem overwhelming. However, dealing it one step at a time could make the whole thing very much easier. You’re more likely to easily handle the whole process if you divide it into multiple and more manageable sub-tasks.

You should also consider creating a schedule broken down into the identified subtasks or by rooms to ensure you stay on track without getting overwhelmed. For example, you can break down the project into the sub-tasks as shown below: • •

• •

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3. DETERMINE THE SIZE OF YOUR NEW SPACE. For you to properly downsize, you need to determine the size of the space you’re planning to move into. You’ll need to ideally know the size in square foots and shape of every room so that you can easily figure out which large pieces of furniture to do away with before moving. If you don’t have the accurate measurements of your new house or haven’t identified a new place yet, focus on sorting through the things you need and those you don’t.

4. CONTEMPLATE ON YOUR NEW LIFESTYLE. Besides considering the square foot measurement of your new place, you should also give the bigger picture a thought of what you’re looking to gain from downsizing. In other words, consider not just what item will physically fit in your new space, but also if they will fit into your new lifestyle in your new space. Downsizing presents an excellent

opportunity to reset and revamp, and you shouldn’t miss taking advantage of it.

5. CONSIDER SELLING OR DONATING THE NONSENTIMENTAL ITEMS. For the non-sentimental items you don’t plan on moving with into your new home, consider selling them to help you settle some of your moving costs or get new items you need such as for décor. Plenty of online marketplaces such as eBay and Craigslist are in place that will make selling your items online easy. On the other hand, if you lose interest in some items as you approach your moving day, consider donating them to the nonprofits and charities that accept and pick up home items and clothing including Goodwill, Salvation Army, Habitat for Humanity, The Arc, among others.

The process of downsizing doesn’t have to overwhelm you anymore if you follow the tips discussed in above.

Sort through your DVDs and video games.

Separate your clothes and shoes you plan on giving away from those you want to keep.

Put small kitchen items in one place.

Deal with your dresser drawers.

THE POWER IS NOW MAGAZINE | APRIL 2021

YOUR POWER TO BUY A HOME IS NOW! 2354 S Via De Dos Arroyos Tucson, AZ

Offered at $219,000

PROPERTY INFORMATION

Bed/Bath: 3/2.00 Total Rooms: 6 Square Feet: 1354 Year: 1999 Housing Type: Single Family Home Number of Stories: 1 Lot Size: 4991.00 sq ft

CALL ME FOR DETAILS: Peggie Simmons Direct: (480) 201-0654 E-mail: peggiesimmons@aol.com

choosing where you live is a right. housing discrimination is wrong. discrimination because of race, color, religion or national origin is illegal. e only way to stop it is for you to report it.

Visit www.hud.gov/fairhousing or call the HUD Hotline

1-800-669-9777 (voice) 1-800-927-9275 (TTY) A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, family status or disability. For more information, visit www.hud.gov/fairhousing.

By Kamesha Keesee

HOW TO DEAL WITH BIDDING WARS IN CORONA, CA The competitive nature of house-hunting in Corona, California, is a buyer’s biggest nightmare. Finding the perfect house is a difficult task on its own, and it’s not unusual for several buyers to compete frantically for the limited number of homes available. Ultimately, it is up to the seller to decide which offer is the best and who’ll close the deal.

However, in situations where each of the offers WWW.THEPOWERISNOW.COM

made are similar, the decision-making process can be extended. At such times, the potential buyers would begin upping their offers and trying to outbid each other. That is quite common in highlysought-after neighborhoods.

To improve your chances of winning a bidding war, you have to have an edge over the competition.

Here are a few tips that could help.

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UNDERSTANDING BIDDING WARS If the term is new to you, a bidding war is a situation where two or more prospective buyers make offers on a home, and the seller has to decide which is the best offer. This decision is often easy to make when one offer is more attractive than the others.

1. GET PREAPPROVED While the former shows an estimate of the loan amount based on your income and other factors, the latter contains the exact amount of your mortgage. That shows the seller that the lender has done his/her due diligence and you’re fully capable of financing the purchase.

Ordinarily, a preapproval takes much longer than a prequalification, but it is well worth the wait.

2. OFFER TO PAY IN CASH. Offering an all-cash deal is a great way to get ahead of the competition. Cash bids are advantageous because they eliminate the need for a preapproval process. If you’re not capable of financing the entire purchase with cash, a good substitute is placing a large down payment on the house. That would make your bid more attractive and increase your chances of getting approval.

3. REMOVE CONTINGENCIES Contingencies in purchase contracts help to safeguard buyers from losing money if the deal falls through. However, in a competitive bidding situation, removing some or all of such contingencies can push your bid to the top of the list as the seller may like to avoid the drawback of a lengthy inspection. Still, it’s advisable to weigh the risks before making such a move to avoid buying a house with serious flaws.

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4. MAKE A HIGHER OFFER In a bidding war, money is essential. Making a higher offer on a home can increase your chances of winning the bidding war. The amount of competition you have should determine how much you choose to add to your initial offer, and your real estate agent should be able to provide you with some helpful insight.

5. WRITE A PERSONAL NOTE. While money holds some sway, home sellers can be moved by the personal notes of potential buyers. Here, you can explain why you want to buy the house and how much it matters to you and your family to have a home in that location. Never underestimate the emotional pull of words.

CONCLUSION Bidding wars in Corona can be long and frustrating, but knowing the proper steps to take would increase your chances of getting your dream home despite the competition. Again, regardless of how tempting it may look, always remember to stay within your budget.

References https://www.forbes.com/advisor/mortgages/bidding-war/ https://www.redfin.com/city/4249/CA/Corona/housing-market

THE POWER IS NOW MAGAZINE | APRIL 2021

SEARCHING FOR YOUR HOME? 22721 Queensbury Lane Wildomar, CA, 92595 Riverside County

Offered at $420,000

PROPERTY INFORMATION

Address: 22721 Queensbury Lane Wildomar, CA, 92595 Riverside County Bed/Bath: 4/2.00 Total Rooms: 7 Square Feet: 1622 Year: 1987 Housing Type: Single Family Home Lot Size: 7841.00 sq ft

CALL ME FOR DETAILS: Kamseha Keesee Broker | DRE#01292916 Direct: (951) 454-5959 E-mail: keeseekamesha@aol.com

THIS VETERAN HAS EXPERIENCED ENOUGH.

HE SHOULDN’T HAVE TO FIGHT HOUSING DISCRIMINATION BECAUSE OF HIS DISABILITY. Sergio lost his leg and his hearing while serving our country overseas. Now back home, he was ready to start a new chapter in his life. But when he found the perfect apartment, the landlord refused to make a reasonable accommodation to allow his service dog in a “no pets” building. Then Sergio learned that the Fair Housing Act protects people with disabilities. He contacted HUD and filed a complaint. Today, Sergio is feeling right at home.

If you believe you’ve experienced housing discrimination, please contact

hud.gov/fairhousing 1-800-669-9777 50 YEARS OF OPENING DOORS. A public service message from the U.S. Department of Housing and Urban Development in cooperation with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

210 3 Westwind Dr Midland, TX , 7 9 7 0 7

SINGLE FAMILY HOME FOR SALE LIST PRICE

$185,000

PROPERTY INFORMATION: Bed/Bath: 2/2.00 Total Rooms: 6 Square Feet: 1411 Year: 1993 Lot Size: 7875.00 sq ft

PROPERTY INFORMATION:

2 BEDROOMS

CALL FOR DETAILS

SHARON BARTLETT

DRE#0684103 o: (214) 914-9272

2 BATHROOMS 2 CARS GARAGE

sharon@sharonbartlet.com www.sharonbartletthomes.com

“Will the apartment still be available when they hear my accent?”

“ I called five different numbers about apartments for rent. They all said they had been rented. I started to get suspicious so I had a white friend call. Suddenly these apartments were available.”

If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Ruby Frazier

FIRST TIME BUYER GUIDE: KNOW EXACTLY WHAT TO ASK FOR FROM YOUR MORTGAGE LENDERS

A

bout 65% of American homes are owned via a mortgage, so you are certainly not alone if you are considering one.

However, being your first time, you might find the numerous options for borrowers offered by financial institutions uneasy to navigate. This article is here to provide you some guidance on the top questions to ask your mortgage lender when shopping for a mortgage.

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•

IS THE INTEREST RATE FIXED OR VARIABLE? One of the first questions to ask your lender is the nature of the interest rate. When it is a fixed rate, it would be a lump sum that will remain constant throughout your loan. The variable rate - its name suggests - follows market changes. Research has shown that, in the long run, variable rates can be a better pick. For instance, the prices of homes in highbrow cities generally fell as an economic effect of the pandemic last year. A variable-rate would have reflected that in lower payments.

Nonetheless, if you have a stable income and the location is projected to experience a boom in prices - fixed interest rates might be just the cut.

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•

•

WHAT KINDS OF MORTGAGE LOANS DO YOU OFFER A PERSON BUYING A HOME? There are many types of loan products and even down payment assistance programs available. The different mortgage lenders offer varying types of loan products. These home loans can differ in the amount that is offered to you, the interest rate, the types of payments, the length of the terms. Some popular home loans include FHA mortgages, veterans affairs mortgages, jumbo loans, etc. Just be sure to get clarity from your lender so you can know what you are seeking.

ASK IF THERE ARE ADDITIONAL COSTS A mortgage usually has hidden costs -additional costs which you must take into account before signing an offer. These fees are not included in the credit amount and are payable once funds are released. One of such is the warranty fees. This guarantee (bond or mortgage) required by the financial

•

institution protects it if the borrower fails to pay loan maturities.

you are buying a new home or embarking on a moneyconsuming renovation.

WHAT ARE THE CONDITIONS OF THE CONTRACT? In a loan offer, there are clauses that you have to negotiate with a lender.

The suspension of maturity clause: this option offers you the possibility of suspending repayments for a few months -with a maximum of 12 months - over the term of a loan. Deferred maturities are carried over to the end of the loan, with additional fees.

The early repayment clause offers the opportunity to repay all or part of the loan before its term.

The maturity adjustment clause makes it possible to increase the monthly payments to repay your credit more quickly; hence you can reduce its total cost.

It is also possible to reduce the monthly payments to a limited extent. That will result in extending the credit with additional costs for the borrower.

The loan transfer clause allows you to keep your current credit rate on the new loan. Also, if the loan guarantee is attached to a surety organization, it will be possible to transfer it to the new credit. In the event of a rise in rates, this is an excellent opportunity!

The deferred repayment clause: this option allows you to defer the repayment of its maturities several months after the release of funds. That is ideal when

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HOW LONG WILL THE CLOSING TAKE? Missing a closing date can put your entire purchase at risk.

Ask your lender what you can do (perhaps submitting certain documents on time) to avoid the unexpected. Also, ask if your lender guarantees closings on time. Some financial institutions will pay borrowers a fee if they cannot close within a certain period, as long as the bank is the cause of the delay.

•

WHAT ARE THE CLOSING COSTS? These costs comprise issuance expenses, title insurance, appraisal fees, credit report fees, prepaid property taxes, homeowners insurance, and other items.

Get an accurate quote so you can plan the amount you will need to finalize the loan.

References https://www.quickenloans.com/learn/ questions-to-ask-your-lender https://www.nerdwallet.com/article/ mortgages/mortgage-questions-andanswer https://bettermoneyhabits. bankofamerica.com/en/homeownership/10-questions-to-askmortgage-lender

THE POWER IS NOW MAGAZINE | APRIL 2021

LISTED FOR $490,000

55 Calle Regina Rancho Mirage, CA, 92270 Riverside County Property Information Address: 55 Calle Regina Rancho Mirage, CA, 92270 Riverside County Bed/Bath: 3/2.10

Call Ruby Frazier Realtor DRE#01751773

Total Rooms: 8 Square Feet: 2116 Year: 1980 Lot Size: 6534.00 sq ft

mobile: (951) 686-5261 e-mail: rubyfrazier@fraziergrouprealty.com

WHAT WILL HE SEE

WHEN HE OPENS

HIS EYES?

DISCRIMINATION OR A NEW HOME?

SCAN HERE FOR MORE INFO

It’s a reality that housing discrimination based on religion exists today. It isn’t just unfair – it’s against the law. If you feel that you’ve been denied the sale, rental or financing of a home because of religion, file a discrimination complaint with HUD or your local fair housing center.

Visit hud.gov/fairhousing or call the HUD Hotline

1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It!

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

wikicommons.com

By Cornelius Jackson

W IT ISN’T IMPOSSIBLE WITH LITTLE TO NO MONEY DOWN WWW.THEPOWERISNOW.COM

WHAT IS REAL ESTATE INVESTMENT? If you are a newbie, you might be wondering what investing in real estate is all about. Real estate investing simply refers to all operations that go on in the business with the intention of making a profit in the long run, including the purchase and management of properties for future sales or rentals.

That applies to the various categories of real estate, from residential properties to commercial, special-use, and land properties. Two well-known characteristics of real estate which investors take into consideration are that:

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DEBUNKING REAL ESTATE INVESTMENT MYTH IN IRVINE:

ith the median sales for a property in Irvine, CA pegged at $ 921,895 - almost a million dollars - the misconception that you have to have a lot in your pocket to embark on real estate investment in the city is understandable. However, regardless of what you see on TV shows like Fixer Upper: reality often presents a different story.

And though it is usually assumed that real estate investing, especially in cities like Irvine, is for the rich kids, here’s a Reality check: You do not have to have a lot of money down if you want to get into the real estate investment. Read on to find out how!

• •

It has relatively limited liquidity.

It is capital intensive.

•

For that reason, beginners and persons unfamiliar with the terrain presume that one needs massive funds down before one can invest in the industry.

However, moguls would tell you otherwise: that such isn’t impossible. All you need is the know-how, and that is what you would be learning here.

WAYS TO INVEST IN REAL ESTATE WITH LITTLE OR NO MONEY DOWN • Form a Partnership If you have limited funds to invest in real estate and are new to the business, forming a partnership might be your best bet. It involves partnering with other real estate investors who would provide a large portion of the financing to purchase a property.

Note that to succeed at attracting partners, you must be willing to undertake to do most of the work: doing proper market research in finding properties with attractive ROI, purchasing, and management. On the flip side, these investors are usually more seasoned and experienced, so it is a win-win relationship.

•

House Hacking House hacking is a top real estate investment strategy anyone can take advantage of and is a great idea when you do not have much money to invest. And what’s more, you can legally house-hack a property you reside in - which is mortgaged. If the property has multiple units, you can have one as your primary home and rent out the others. If it’s a single-family home, you can still rent out a bedroom or basement.

The income you collect from the rents can then pay for your mortgage and perhaps renovations on the home, thereby increasing its market value.

Nothing comes close to house hacking when it involves killing two birds with one stone: clearing your mortgage debts and starting real estate investing from scratch.

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Private Equity / Crowd Funding If you have a low credit score, or you want to avoid financial institutions and debts as a whole, you should consider private equity or crowdfunding. In private equity, you can reach out to venture capitalists if you have mapped out a brilliant business model for real estate investment and are willing to kick-off a startup company to that effect. These investors would consequently own an agreed portion of the shares and the profits they generate.

In crowdfunding, you can reach out to as many people as possible through publicity strategies that would be willing to invest a specified amount - usually a little bit of money - with a given ROI. If you are going to undertake this path, know that it takes a lot of grit and dedication.

Nonetheless, many successful real estate investors started this way as well.

•

Real Estate Wholesaling Can you invest in real estate without even purchasing an investment property? The answer is Yes! - through real estate wholesaling.

All this strategy requires is for one to be highly opportunistic: you find a property that is being sold under market value, put it in a contract, and find a buyer willing to sign up for it. Then you earn your cut for quickening the process.

To be successful with this method, it is vital that you have eyes and ears everywhere: a broad real estate network and easy access to info on cheap-selling avenues like bank sales and foreclosed properties.

References https://www.mashvisor.com/blog/how-to-invest-in-real-estatewith-no-money-beginners-guide/ https://en.wikipedia.org/wiki/Real_estate_investing https://www.auction.com/blog/what-is-house-hacking/ https://www.mashvisor.com/cities/ca/irvine-investmentproperty-guide

THE POWER IS NOW MAGAZINE | APRIL 2021

240 7 2 Jagger Street La ke Forest, CA

SINGLE FAMILY HOME FOR SALE LIST PRICE

$ 875,000

PROPERTY INFORMATION:

Light & bright this Lake Forest Home is ready to enrich your lifestyle. On a terraced corner lot, the 4-bedroom, 2.5-bath home offers a beautifully hardscaped front and side yard along with drought resistant plants, and artificial turf. Entering through the double door front entry reveals an impressive 2-story vaulted ceiling, wood-style plank flooring.

PROPERTY INFORMATION:

4 BEDROOMS

CALL FOR DETAILS

CORNELIUS JACKSON

DRE#01824362 o: (855) 255-0877

2 BATHROOMS 2 CARS GARAGE

info@cljrealty.com www.CLJRealty.com

SOUNDS LIKE DISCRIMINATION.

What matters is how you look on paper – not how you sound over the phone.

Judging you by your race or national origin instead of your qualifications is discrimination. It’s unfair, it’s painful... and it’s against the law. The best way to stop housing discrimination is to report it.

If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Jenny Gonzalez

CORONA HOUSING REPORTS, MAY 2021

Trends, Data, and Appreciation Rates

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earing an uncanny resemblance in name to the pandemic which has lately plagued the globe, the beautiful South Californian city of Corona has its unique appeal to homeowners and businesses. The city was once known as Lemon Town due to the citrus boom in the 1880s - though it was originally named South Riverside - all before “Corona” (the Latin for crown) was settled on due to its Grand Boulevard’s circular layout spanning three miles.

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The city has a quieter, suburban nature compared to other Californian metros. But that isn’t the only reason why it is a favorite relocation choice for families and professionals.

It is also not too far from the commercial center, Los Angeles - just an hour’s drive - and is a more affordable option.

into the Circle City, you must be familiar with the market’s trends and relevant data. That will help you make well-informed decisions. In this article, we have curated the latest housing reports for Corona, to which you might wish to pay attention.

Whether you are an investor seeking to explore the city’s real estate market, or you are an individual contemplating a move

Within the eleven neighborhoods which make up the city of Corona, there are close to 500 homes for sale, which range

THE VALUES OF HOMES IN CORONA, CA

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between $34 thousand to $10.5 million. At the end of the last quarter of 2021, the median price of home listings was $600K, surging up by about 12.1% over the previous year.

The price per square foot had a median listing average of $284, up by about 15% over the past year.

Among the neighborhoods hosted in Corona, Orange Heights has the most highlypriced homes, with a median price of $869 thousand on listings. Dos Lagos, on the other hand, is the least expensive neighborhood. Its median cost averages $465 thousand on home listings.

Additionally, there were about 50 rental listings at the end of the first quarter, with prices ranging from $9-$710 thousand per month.

SALES-TO-LIST PRICE RATIO The prices at which homes sold almost paralleled the asking price - a ratio of 101% sales to list price. It is evident then that price negotiations can only do so much, and you are more likely to purchase a home at a higher amount than what is listed.

A VERY COMPETITIVE MARKET

The city’s real estate market is highly competitive. Corona houses receive multiple offers for sale, which is about ten on average. What’s more, the period between an offer and the close of sales is only about thirty days. Some homes have even sold about 5% above the list 72

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price and within seven days!

It is no surprise then that the home resale inventories in Corona were 105 towards the end of 2021’s Q1.

Also, Foreclosures, short sales, and other distressed properties remained a percentage of the total market as it had been in 2020.

The reason for the far-reaching competition in Corona’s housing market is that it is essentially a seller’s market. Demand for homes is far greater than the number of available homes - and this is also why the appreciation rates are growing.

MEDIAN DAYS ON MARKET On average, homes in Corona remain in the housing market for 58 days - after which they are sold. This trend has stayed mostly flat since the past year.

CONCLUSION

The real estate market in Californian cities has generally witnessed a bounce-back as the ill effects of the COVID-19 pandemic start to wane.

Regardless, if you wish to make any moves whether, for personal use or investments in Corona, it is vital to familiarize yourself with the city’s local market trends and data.

References https://www.realtor.com/ realestateandhomes-search/Corona_ CA/overview https://www.redfin.com/city/4249/CA/ Corona/housing-market http://grahamandthehometeam.com/ corona-real-estate-market/ https://www.windshieldrepaircorona. com/blog/corona-california-funinteresting-facts

THE POWER IS NOW MAGAZINE | APRIL 2021

LISTED FOR $585,000

27451 Pacos Rdg, Corona 92883 Property Information

Welcome to this beautiful, well maintained home in Horse Thief Canyon.

Its a 5 bedroom 3 bath and 2,418 living space. Don’t miss this opportunity to enjoy the lifestyle benefits of Horse Theif Canyon, offering a resort style Clubhouse, Gym, swimming pools, tennis courts, dog park, basketball, volleyball courts and walking trails for a very low monthly HOA fee.

Call Jenny Gonzalez Realtor DRE#01249788

mobile: (951) 316-0374 e-mail: jengonzalezre@gmail.com

3 TOURS. 2 PURPLE HEARTS. 1 EVICTION NOTICE.

SCAN HERE FOR MORE INFO

When my landlord found out I had Post-Traumatic Stress Disorder (PTSD), I received an eviction notice. That’s when I called HUD for help. If you feel that you’ve been discriminated against because of a mental or emotional injury or disability, report it to HUD or your local fair housing center.

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) FAIR HOUSING IS YOUR RIGHT. USE IT!

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Danon Burnside

FORECLOSED PROPERTIES FOR SALE: A guide to your foreclosed properties for sale

A foreclosure is a saddening event, a herald of the tiding that an American’s dream of owning a home has been shattered, albeit temporarily.

Ironically, the Covid-19 pandemic lessened the rate at which foreclosures occurred last year, given that lenders were unwilling to foreclose properties and went for novel negotiations instead - unlike what happened in the 2008 global economic meltdown. Nonetheless, for those seeking to own homes or invest in real estate at cheaper sums, finding a deal for foreclosed properties is god-sent.

WWW.THEPOWERISNOW.COM

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n this article, we will be guiding you through all you need to know about foreclosed properties for sale, from the finding them to making the decision on whether to purchase one.

WHAT IS A FORECLOSED PROPERTY? A foreclosed property is one in which ownership is transferred to a financial institution or lender as a result of default in the repayment of a loan by the former property owner. The foreclosure process serves to help a lender recover the debt on a defaulted loan.

Here’s what you should know about foreclosure and foreclosed properties: •

• •

Foreclosure occurs when a lender wishes to take over a property because the owner has defaulted in the settlement of a mortgage loan or failed to meet other requirements of a mortgage agreement.

Property owners are given 30 days to settle their mortgage obligations before the property is foreclosed.

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MERITS AND DEMERITS OF FORECLOSED PROPERTIES Acquiring foreclosed properties have both their advantages and downsides. The primary advantage of buying foreclosed homes is that they are much cheaper than similar houses in the same area.

On the flip side, foreclosed properties usually require much improvements - renovations and repairs. They usually carry “as is” conditions at sale.

Besides, some might still have liens or mortgage payments attached to them, which a new owner can inherit.

Thus, it is necessary that you evaluate this carefully before seeking to purchase any foreclosed property which is for sale.

HOW TO FIND FORECLOSED PROPERTIES FOR SALE In San Bernardino County, CA, 1 in every 5145 homes are foreclosed annually. That is about 0.02% of all real estate, a bit higher than the Carlifonian and national average of 0.01%. Thus, there is a better chance of finding foreclosed properties for sale in the county, but with so many other real estate investors on the lookout for them as well, you have to know your way around it.

Below are a few tips to finding such properties that would be a great fit for you.

•

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Check out bank websites.

Banks often display the foreclosed properties they have for sale on the internet. Details such as selling prices, images of the homes, descriptions, and agent contact info are listed as well. If you find them limited, you can also check out Fannie Mae and Freddy Mac’s websites for their listings as they buy mortgages from the banks.

Government-owned listings Governments agencies, such as the Department of Housing and Urban Development, showcases their foreclosed properties on its website. They also utilize local real estate agents for that purpose.

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Employ a foreclosure-listing service or an Agent Firms like RealtyTrac offer comprehensive foreclosure listings at reasonable prices. Also, you can employ real estate agents to take care of the search as they are usually familiar with the market and would be aware of properties close to foreclosure.

TIPS FOR PURCHASING A FORECLOSED PROPERTY You can purchase foreclosed properties at any stage of the foreclosure process, right from the preforeclosure phase. At the Preforeclosure stage, the owner is still in control of the property as it is officially yet to be foreclosed. For Short Sale, the owner sells the home to you at a price below their debt, but you need the approval from the bank.

Auction Sales mean just that - the opportunity to purchase already foreclosed homes at aunctions.

And then you can buy these homes directly from banks or government departments.

Regardless of which stage of the process you choose to acquire a foreclosed property, here are some tips you should follow.

1. Hire an Experienced Real Estate Agent: The need to have an experienced realtor to guide you through the process can hardly be overstated. Besides, Banks usually prefer dealing with agents to individuals.

2. Get Your Cash Ready - or Your Mortgage Approval Letter It is more preferred that you have your cash ready beforehand. Otherwise, ensure that your mortgage loan has been approved.

3. Inspect and Carefully Consider Properties Before Purchase It has been said again and again that foreclosed properties are usually not in a pretty state.

Although banks will hardly agree to make repairs, you will have the permission to inspect.

Do this and then consider whether it is worth your money.

References https://www.investopedia.com/investing/buying-foreclosed-home/ https://www.rocketmortgage.com/learn/buying-a-foreclosed-home-pros-cons-and-how-to-purchase https://money.usnews.com/money/articles/2008/02/06/5-ways-to-find-deals-on-foreclosed-homes https://www.fortunebuilders.com/pre-foreclosures/ https://www.realtytrac.com/statsandtrends/foreclosuretrends/ca/san-bernardino-county/

LISTED FOR $260,000

7840 Fairfax Lane San Bernardino, CA Property Information

LARGE LOT HOME IN A QUIET SAFE CUL DE SAC. BRING YOUR IMAGINATION THIS IS A DIAMOND IN THE ROUGH. FEATURING 3 BEDROOMS AND 1 BATHROOM. HAS HUGE POTENTIAL TO ADD ON AND UNIQUELY MAKE IT YOUR OWN. PRICE TO SELL, COULD BE PERFECT FOR FIRST TIME BUYERS. LOCATED WITHIN 5 MINUTES WALKING DISTANCE TO INDIAN SPRINGS HIGH SCHOOL.

Call Danon Burnside Realtor DRE#01835853

mobile: (951) 205-5796 e-mail: dburnside73@gmail.com

IF YOU’RE STRUGGLING TO CARRY YOUR MORTGAGE, WE CAN HELP FORECLOSURE IS NOT A FOREGONE CONCLUSION The weight of a mortgage can overwhelm even the strongest person. Now you can get FREE help. Today, there are alternatives for lots of homeowners in many difficult mortgage situations. A HUD-approved housing counselor may be able to help you.

Find out what might help ease your burden at:

STOP STRUGGLING. GET FREE HELP. A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance.

By Denise Matthis

SAN DIEGO PROPERTY GUIDE:

Best Neighborhoods for homebuyers The new normal, majorly characterized by work-from-home trends, has had many people dreaming about getting a new place due to different reasons.

Well, have you thought about getting a place anywhere in San Diego? Do you have any idea of where to start? First, you have to understand that choosing to get a home in San Diego is a perfect choice. This article will guide you on the best neighborhoods in San Diego you should consider checking.

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1. GOLDEN HILL. Located on the south of Balboa Park, Golden Hill features a quiet coolness due to its historic roots and contemporary renaissance. This neighborhood is best known for its attractive architecture that features Victorian, Craftsman, and Colonial Revival-style homes across the neighborhood.

It has remained among the few neighborhoods in San Diego that has kept overcrowding at bay.

Golden Hill offers plenty of housing options at varying prices, meaning there is an option for everyone. One thing that makes the neighborhood stand out is its degree of diversity. The Greater Golden Hill Community Development Corporation is against gentrification and even goes ahead to boost community engagements projects such as Golden Hill Community Garden and community farmers’ market.

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The city has always been considered a more affordable housing choice especially for firsttime homebuyers. Homes in La Mesa are also available on a wide range of budgets; whether looking for a midcentury home with a huge backyard or a costly modern home overlooking open spaces, you’ll find it here. There’s simply something for everyone in La Mesa.

2. BRESSI RANCH Located between the Carlsbad coastline and San Marcos hills, Bressi Ranch comes with perfectly maintained parks, top Carlsbad schools, and plenty of shopping and entertainment, while residents enjoy access to lots of amenities within a short walk or drive. In Bressi Ranch, community comes first and there is a lot of community engagement in the area. The local HOA groups in the area actively plan a series of impressive events and regularly host get-togethers.

Besides the sense of communism, homes in this area highly prioritize luxury and feature traditional architecture with contemporary interiors that result in an idyllic blank canvas for your personal touch. If you’re looking to enjoy the luxuries of living in the vicinity of a beach without coastal crowds and tourists, Bressi ranch is the place to call home.

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3. POINT LOMA. Point Loma is an old-school coastal community that has for a long time remained sought-after for its walkability, burgeoning eats and, of course, prime ocean views. According to San Diego Association of Realtors president, Carla Farley, Point Loma remained a popular choice for homebuyers even in 2020. “Though the price point is significantly higher, Point Loma has surprisingly still seen a lot of transactions within the past year,” she says.

On a normal day, you will find its blend of young and retired residents exploring what the Liberty Station has to offer, the iconic landmarks such as the Cabrillo National Monument, or enjoying a weekend bike ride along the bay. If you’re looking for a good place to raise a family, Point Loma will offer you the serenity you need and many excellent school options from elementary to undergraduate.

However, it’s worth noting that prime ocean views attract bigger bucks. So, if you’re looking to explore this area, consider that.

But there is no need to panic since it’s worth every bit of it.

4. SABRE SPRINGS. With a population of above 14,000, Sabre Springs is among the best places to live in San Diego County and in the larger California. Living in this area comes with a dense suburban feel.

The neighborhood also features highly rated public schools while many families and young professionals who live here own their homes.

According to Niche.com, Sabre Springs have an overall grade of A+. Public schools, good for families category also have a score of A+, while diversity has an A, crime and safety has B+ score on Niche.com.

This simple guide should give you a starting point if you’re looking for a home in San Diego. Now buckle up and let the hunting begin.

THE POWER IS NOW MAGAZINE | APRIL 2021

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1. LA MESA La Mesa is a city full of character and is a safe haven from urban life that keeps its residents not too far from downtown San Diego. The city’s stunning main street, La Mesa Boulevard, is lined with cafés, antique stores, and familyrun shops. The city also features an interactive and fun community that hosts a variety of community festivals throughout the year including a weekly car show in summer months and the famous Oktoberfest.

YOUR POWER TO BUY A HOME IS NOW! 1503 Sandy Way Antioch, CA, 94509

Offered at $430,000

PROPERTY INFORMATION Address: 1503 Sandy Way Antioch, CA, 94509 Contra Costa County Bed/Bath: 4/2.00 Total Rooms: 7 Square Feet: 1576 Lot Size: 7910.00 sq ft

CALL ME FOR DETAILS: Denise Matthis Direct: (858) 484-4029 E-mail: dmatthis@demfinancial.com

We help you achieve the American dream of homeownership!

ONLINE HOMEBUYER SEMINAR SATURDAY, MAY 22 10:00 AM TO 12:00 PM PST

Register at http://bit.ly/adrianbates Host: ADRIAN BATES

DRE#00929036 Broker | Agent

Owner of A-1 Realty powered by eXp

Learn about: • Real Estate Market Update.

• Down Payment Assistance from the Golden State Financing Authority.

• Down Payment and Closing Cost Assistance from CALHFA. • Strategies to buy your first home with friends and family.

• First Bank Mortgage Programs.

• Questions and Answers.

c: (323) 333-8201 o: (323) 291-5900 adrianbatesrealtor@gmail.com

Speakers: ERIC FRAZIER MBA NMLS ID: 461807 Vice President and Mortgage Advisor First Bank NMLS ID: 551928 o: (619) 476-3269 c: (714) 475-8629 eric.frazier@fbol.com

CAROLYN SUNSERI

Director of Marketing Golden State Finance Authority o: (916) 384-1619 f: (916) 444-3219 csunseri@rcrcnet.org

By Kenneth Session

HERE ARE SOME OF MY REASONS WHY YOU SHOULD NEVER DEPEND ON THE LIST PRICE TO GUIDE YOUR HOME SEARCH WWW.THEPOWERISNOW.COM

H

ome is more than the place you retire to at the end of a busy day. Home is more than a cozy couch, an expanded kitchen, a well-aired living room with trendy drapes, and an inner room with a massive bed. When Home is where your heart and head are, it means there are many calculations to slot in when doing a proper home search.

Home has to be a place where you have a foundation of warmth, love, and affection. A home should offer you a springboard for flourishing in your life and career. It has to be a place you have no hurry to leave, you are grounded. And if you are raising a family, it must offer amenities and supportive structures, and ambiance. These are things you cannot grasp by merely looking at the home list price!

Fine! You want a home, you have the money. Here are some of my reasons why you should never depend on the list price to guide your home search.

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The list price can be as deceiving as buying a padlock, yet the price of the unlocking key is separate and unknown. In the interest of clinching a sale deal, it is not necessarily the priority of the seller to list every cost that will emerge later once you have the Home under your armpit. It behooves the buyer to gather information on other undeclared costs, services charges, unfinished constructions, utility

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deposits, land rates, and others that may push the final cost into the realm of regret. When the deal is too good, think twice!

The list price will not tell you the intricate details about the home style you want. You require more information to determine the Home’s compatibility with your design and home décor. This includes the degree of flexibility the Home can afford to your ideas. A studio is not similar to a single. Similarly, a townhouse is not comparable to a condo or a beach house when it comes to décor. The home layout cannot be captured in the pricelist. Other things about the structure you need details of include how available space is arranged, the fittings, and the building’s age. A thorough inspection beyond the price glimpse is necessary. A physical inspection of the building and surrounding will offer the visual texture one requires before making the crucial decision.

Beyond aesthetics, there is also the crucial point of individual lifestyle. The list price will not help determine what home suits this; family preferences, pets, nightlife, amenities, work, transport…The list is as varying as people’s characters and preferences vary.

Your choice of Home ought to fit your style!

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The list price will not tell you about the neighborhood. It can try but not sufficiently.

Price can show it is a costly neighborhood, but it wants to tell you what is costly in that neighborhood. Yet, neighborhood matters. Is it a quiet place? Serene and isolated? Is it among party animals? Are neighbors the snobbish lot? Do they have local resident associations you can hook to? Find out about safety and security. When did the last burgling occur? It all matters! Go deeper and unearth details of the surroundings and decide how your future Home and life will fit in. Drive through and spend some time in the area to make observations about the area.

Acquiring a dream home requires more than an over-the-counter transaction. It cannot be a matter of the list price. The considerations are vast and the engagements deeper. It requires keenness and the curiosity to nose around for details. A home search requires dedicated research for details; an inspection is inevitable. When all the wishes are met, you can sail home with contentment.

Work cited https://www.mymove.com/buying-selling/guides/mostimportant-factors-for-buying-your-dream-home/

YOUR POWER TO BUY A HOME IS NOW! 1548 Sycamore Drive Oakley, CA 94561

Offered at $683,000

PROPERTY DESCRIPTION

Spacious Summer Lake home by Shea Homes.

Large open kitchen is perfect for entertaining and large family gatherings. Huge master bedroom with his and hers closets. One bedroom and one bathroom on the first floor.

Other features include: solar panels, covered patio area and inside laundry room. Located near the delta, parks,pool,lake and trails.

CALL ME FOR DETAILS: Kenneth Session Direct: (510) 290-7990 E-mail: ksession@sessionrealestate.com

LENDING DISCRIMINATION WAS NOT WHAT I WAS EXPECTING If you are qualified for a mortgage, but the lender denies the loan because you are on maternity leave–that's a violation of the Fair Housing Act. If you suspect you are a victim of lending discrimination, please report it.

1-800-669-9777 (voice) 1-800-927-9275 (TTY)

www.HUD.gov

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, family status or disability. For more information, visit www.hud.gov/fairhousing.

By Robert Langston

WHAT HOMEBUYERS IN FAIRFIELD VALUE THE MOST! The ultimate decision of buying a home is a culmination of a myriad of considerations and soul searching. Homebuyers require satisfaction at the level of their needs and wishes. Beyond the sheer acquisition of shelter, most buyers in Fairfield have peculiar wishes and specifications that embrace their values and desires. These are not only personal, but in many instances, they are a conventionally accepted necessity. The warmth of owning a home must come with the peace of mind and the contentment that you have the right features that suit your lifestyle within the brackets of affordability.

LOOKS MATTER. Do not be deceived that style, design, and outward appearances are for the showy and moneyed few who are merely obsessed with aesthetics. Homebuyers in Fairfield have a taste and value for money but are keen on the quality as the eye perceives it. They are not going for a bland, tired look. The type of landscaping, the flower pots, the outer roofing material, the floor tiles, wall paints, and ceiling fittings may appear non-consequential, but

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our homebuyer in Fairfield takes mental notes about these every time they see a property. Oh, and do not forget the exterior lighting.

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THE INTERIORS SHOULD MATCH THE OUTSIDE. The property’s exterior should never be an empty promise, a false decoy. That would be a turn-off for the Fairfield homebuyer. Once the outward appearances have arrested the attention, the interior should crown it all l

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with the ambiance and finishing that impress the eye and meet the functionality desires of modern and progressive individuals. The kitchen and the bathroom are particularly always given a second and third look with an inquisitive attitude. Homebuyers are keen on the remodeled living spaces with a touch of modernity. Homebuyers value a properly renovated property. Within the same breath, it is essential to remember to have a properly equipped modern laundry room.

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SPACE, AND MORE SPACE. The desire for more space seems to drive every aspect of home buying. This is behind the reengineering innovation to create more living space and even more storage space. Buyers highly appreciate the creative, innovative use of available space to accommodate more. Any space-related improvement is a big plus; patios, open floor plans, and ample garage and walkin pantry are all impressive to the Fairfield Homebuyer.

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ACCESS AND CONNECTIVITY. In a fast-growing world, human activity, entertainment, education, and other dayto-day engagements have moved onto the internet, and connectivity to a vast information superhighway is as vital a consideration as water, gas, and electricity by any homebuyer within the Fairfield circuit. Accessibility to main

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transport routes is also an essential point for the homebuyer.

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SAFETY AND SECURITY. The Fairfield homebuyer cares deeply about personal and property safety. Security enhancement features such as CCTVs in the neighborhood and the reputation of local security patrols and neighborhood crime watch.

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ECO-FRIENDLINESS AND LOW MAINTENANCE FEATURES. Energy efficiency is always in the mind of the modern homebuyer within Fairfield. Apart from the need to use energy-saving methods to save money, eco-friendliness and going green have become a lifestyle and a philosophy of life in many homes amid the need to protect the environment through Eco-friendly installations cut down on carbon footprints. Energy efficiency installations such as solar panels are exceedingly desirable for home heating. Lowflush toilets, attic insulation, double-paned windows are all valuable low maintenance features.

Work cited. https://www.thanmerrill.com/the-5-most-important-featuresfirst-time-homebuyers-want-this-spring/. https://www.nerdwallet.com/article/mortgages/how-toincrease-home-value.

THE POWER IS NOW MAGAZINE | APRIL 2021

2690 EMERSON STREET NAPA, CA

$825,000

Property Information

Property DESCRIPTION

Address: 2690 EMERSON STREET NAPA, CA

Charming home with plenty of character sits in an established neighborhood with low traffic and quiet nights. Close to shopping and a short drive away from wineries and all that Napa Valley has to offer. Close to sought after schools and a great place to raise a family. Back yard is equipped with a chicken coup and plenty of room to entertain guests. Original hard wood floors, recently refurbished. Family room also has hardwood floors under the carpet.

BOBBY E. LANGSTON

DRE#01933277 d: (707) 639-1061 DRE#02077274 5709 Mariconi Ave Ste L. Carmichael 95608 www.bobbyreinc.com

I’VE HEARD ABOUT

SEXUAL HARASSMENT

AT WORK... BUT I DIDN’T EXPECT IT

IN MY OWN APARTMENT. SO I FILED A COMPLAINT WITH HUD. If a landlord makes unwelcome sexual advances or if he threatens you with eviction or refuses to make repairs because you deny him sexual favors, he is violating the Fair Housing Act. Report sexual harassment and put a stop to it.

Fair Housing Is Your Right. Use It!

SCAN HERE FOR MORE INFO

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY) A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

UNDERSTANDING YOUR LOAN OPTIONS:

FIXED-RATE LOANS

By Briana Frazier

A

s a homebuyer, you need to understand not all homes are the same. And knowing what kind of loan is most suitable for your situation prepares you for reaching out to lenders and landing the best mortgage loan. So, what loan options do you have? To make it clear, a loan option always contains three things: loan term, interest rate type, and loan type.

Under the loan term, there is

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one for 15 years and the other one for 30 years. Why is loan term important? The loan term affects your interest rate, your monthly principal and interest payment, and how much you will be required to pay to clear the loan. Note, the longer the loan term, the more interest you’ll be required to pay.

For the loan type, mortgage loans are categorized based on the size of the loan and whether

they are government backed or not. Under this, we have conventional loans, FHA loans, and Special program loans.

Each loan type is designed for different situations and only a single loan type will fit suit your situation.

Moving on to the interest rate type, we have the fixed-rate loans and the adjustable-rate mortgages. Let’s have a deeper dive on this.

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1. FIXED-RATE LOANS. Like the name suggests, a fixed-rate loan charges a fixed or set rate of interest that remains constant throughout the life of the loan. While the principal and interest paid each month is different with every month, the total payments remain untouched, easing budgeting for homeowners.

One big advantage that fixed-rate mortgage loan borrowers enjoy is the protection from sudden and potentially significant surge in monthly mortgage payments once interest rates rise. Additionally, fixed-rate loans are straightforward thus easy to understand and have small variances between lenders. On the other side of the coin, qualifying for fixedrate loans when interest rates are high is very challenging since the payments are less affordable.

Moreover, while the interest rate may be fixed, the total amount you’ll be required to pay is dependent on the loan term. Shorter-term loans come with lower interest rates and higher monthly payments so as to repay the principal in a shorter period, and vice versa.

2. ADJUSTABLE-RATE MORTGAGE LOANS. Adjustable-rate mortgages (ARM) on the other hand, come with variable interest rates. Their initial rate is set below the market rate on a comparable fixed-rate loan and remains unchanged for a specified period, after which the rate rises with time at a pre-arranged frequency. If held long enough, the ARM rate will surpass the going rate for fixed-rate mortgages. The fixed-rate period for ARMs varies significantly anywhere in between one month and 10 years. After the initial term, ARM resets. This means it acquires a new interest rate based on the current market rates, which it maintains until the next reset.

One big advantage of adjustable-rate loans is that they are less costly compared to fixedrate loans, at least for the first three, five, or even seven years. After this period, the cost of ARMs is likely to rise based on the current market rates and not the initial below-market rate. However, since the rates adjust based on 102

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the current market rates, they necessarily don’t rise. They may dip lower depending on the market rates at the time of reset.

Adjustable-rate loans are also preferred by many since their low initial payments often facilitate the borrower to qualify for a larger loan. Additionally, in the event of a fallinginterest-rate environment, borrowers enjoy lower interest rates, which translate to lower payments, and doesn’t necessarily need to refinance the mortgage loan.

On the other hand, ARMs pose significant downsides. ARM borrowers’ monthly payments may shift frequently over the loan life.

Additionally, if you borrow a large loan, you could be in trouble when interest rates surge.

Some ARMs are designed in a way that interest rates can nearly or even double in a period of a few years. You should always be careful when going for this type of mortgages.

Conclusively, when choosing a suitable mortgage, always consider a wide range of personal factors including your financial status and align them with the reality of a dynamic marketplace.

Work cited. https://www.investopedia.com/mortgage/mortgage-rates/ fixed-versus-adjustable-rate/.

THE POWER IS NOW MAGAZINE | APRIL 2021

LISTED FOR $430,000 1503 Sandy Way Antioch, CA, 94509

Property Information: w Bed/Bath: 4/2.00 w Total Rooms: 7 w Square Feet: 1576 w Year: 1968 w Housing Type: Single Family Home w Number of Stories: 1 w HOA Fees: $0.00 w Lot Size: 7910.00 sq ft

Briana Frazier

Direct: (951) 809-9077 Fax: (714) 908-7298 BRE License: 01751473 www.fraziergrouprealty.com

When it comes to housing,

little things shouldn’t make a difference.

If you have children or are pregnant and a landlord refuses to rent to you, requires a higher security deposit, limits the use of facilities, or says you can only live in certain areas of a housing complex ... that could be discrimination. And housing discrimination because of familial status is against the law.

If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Adrian Bates

S

ocial media has metamorphosed from the platform for the meeting point for chit chat, banter, and the light entertainment it was. It is now the world’s vast marketplace of ideas, services, and goods. Unhindered by space or time, social media has become the most critical tool for business communication and ultimately the largest arena upon where ideas are constructed and spread with speed or where others are deconstructed and invalidated with unrestrained ferocity.

LOOKING AT SOCIAL MEDIA FROM A NEW PERSPECTIVE: IS IT A BIGGER PRIORITY NOW THAN EMAIL FOR GROWTH? As the entire world is convulsed in the internet labyrinth, social media has emerged as the most convenient arena for convergence and building of relations and expansion of businesses. Simultaneously, the existing frailties of social media platforms have meant that when official matters of a business are communicated, it is done through the formal email lists in a more personalized way.

The delicate co-existence between these modes of communications with clients is also occasioned by the fact that a section of society, notably the older segment, has been slow to adopt the social media craze or is opposed as an outright generational protest or technophobia. They will continue to grapple for space, but social media platforms have grabbed enough attention and space, and every serious real estate

business cannot ignore the heat and light generated around social media.

Compared with the use of Email, the social media platforms will get to many audiences in the from far and wide across the country faster than many perceive. This is beyond what traditional broadcast email can achieve. There is no better strategy to have information widely scattered across the globe than social media.

The current generation of internet users converges on social media sites such as Facebook, Instagram, Twitter, and LinkedIn. It is not a priority to have your real estate on these platforms but to maintain a reputation of constant updates, reputation management, and prompt resolution of arising matters to reap the fruits of social media marketing.

When viewed critically, social media has not taken the place of traditional email communication per se. What it had done is that it has taken a highly hyped position in the communication continuum, so prominent that it cannot be ignored. For real estate business, Social media is a priority frontier because of many issues, including; •

VAST SPREAD MEANS TO REACH HIGH INTENT CLIENTS. The social media algorithm ensures the clients who require chronological information are updated frequently and can find authenticity in the stories and endorsements of others.

When it comes to the mass broadcast of information without discrimination, social media wins against traditional email lists.

SOCIAL MEDIA IS COST-EFFECTIVE AND IMPACTFUL. Social media pages updated frequently will achieve more meaningful and timely communication and avoid back and forth email exchanges and follow-ups. Scaling down teams reduce the cost of running a business,

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and the interpersonal and intergroup conversation in social media is essential in improving the quality of services BRAND AWARENESS AND TRUST ARE QUICKLY BUILT ON SOCIAL MEDIA THAN USING MAILING LISTS. Social media platforms such as FaceBook have features to test awareness and monitor a brand’s reach. This is achieved through followership, views, likes, and endorsements.

On the same plane, these platforms being visual create a better mode to display the products in a more powerful multimedia context and occasionally live-streaming.

Responses are immediate, and this enhances the growth of a company and its products.

On a functionality scale, social media platforms will continue to command priority because of the high traffic associated with them compared to email lists. The Email nevertheless remains the treated tool of one-to-one communication to clients. It seems the two modes must proceed in a complementary relationship. While Social media gets in the client, the Email completes the deal!

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Work cited. https://www.lucidpress.com/blog/5-social-media-tips-real-estate.

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LISTED FOR $234,000 6210 Via Casitas Ave Carmichael, CA, 95608 Sacramento County

Property Information: w Bed/Bath: 2/1.00 w Total Rooms: 5 w Square Feet: 945 w Year: 1971 w Housing Type: Single Family Home w Number of Stories: 1 w HOA Fees: $292.00 Monthly w Lot Size: 1314.00 sq ft

Adrian Bates

DRE#00929036 c: (323) 333-8201 o: (323) 291-5900 adrianbatesrealtor@gmail.com

By Success Money

5 THINGS YOU NEED TO KNOW ABOUT REPURPOSING REAL ESTATE

Realtors have noted that the South California real estate stock is presently experiencing an annual drop due to the COVID-19 pandemic.

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Interestingly, it has been identified that this state has pulled the attention of people to technology and entertainment, providing real estate investors in South California an opportunity to repurpose and benefit from the unique growth capacity of the economic base.

THINGS YOU SHOULD CONSIDER BEFORE REPURPOSING REAL ESTATE PROPERTY Given that recent happenings - such as the Covid-19 pandemic - are leading to shifts in demand, repurposing your property might be your top consideration to maximize profit. Nonetheless, no matter how good or necessary an idea seems, you must examine it thoroughly to avoid taking reckless risks. That is because not every great thing will work for you.

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ith its symbolic rebirth and renewal from the ashes, the mythical phoenix finds some expression when real estate is repurposed. Simply put, the remaking of a building to fit some other purpose other than why it was built, is a beautiful innovation.

For one, it is a more economic and sustainable option to meeting novel housing needs, compared to constructing new buildings.

Besides, although nerve-racking, it gives one an edge over the competition. And with the changing landscape of real estate, it just might be one of the best things to consider to make the most of investments.

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So, here are five essential factors you should consider before embarking on repurposing projects: • • • • •

The economic viability of the project Environmental sustainability considerations Proper collaboration with the public sector Location, demand, and local infrastructure Incorporating Flexibility

Let’s look at these in detail.

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THE ECONOMIC VIABILITY OF THE PROJECT The chances a repurposing proposal has to thrive is an essential factor you must pay proper attention to. You may even have to hire an experienced realtor to check out the feasibility of the project - and whether it is something you can sell or rent at a competitive and profitable rate. Because if it’s not going to be viable on the market, what’s the point?

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ENVIRONMENTAL SUSTAINABILITY CONSIDERATIONS To guarantee a future-proofed atmosphere for a repurposing program, you must be willing to contemplate sustainability. As the world is generally going greener, you must have a foolproof plan to implement sustainability best practices within your project design.

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PROPER COLLABORATION WITH THE PUBLIC SECTOR For a successful repurposing of real estate, a project must have the local administration’s support. Ensure that you have any required permits and are willing to meet any local regulations as you consider whether or not to repurpose.

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LOCATION, DEMAND, AND LOCAL INFRASTRUCTURE What will work in Orange, for instance, might not work in San Bernardino. You have to analyze the location of your property, and how that would affect demand. Also check out available local infrastructure: will it prove helpful if you were to embark on repurposing?

These issues are germane to determine if a repurposing project would succeed - and how well it would.

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INCORPORATING SUFFICIENT FLEXIBILITY The long-term accomplishment of repurposing projects should be easily adaptable to subsequent changes in the market. If you choose to invest in one, you must continue to think creatively and flexibly, to ensure that the project adapts to a frequently fast-changing market force.

CONCLUSION Repurposing real estate is now becoming a trend, heightened by the impact of the recent pandemic on consumer behavior. Nonetheless, and like all other trends, it is essential that you adequately evaluate what it would mean for you before jumping on the boat.

References https://www.mashvisor.com/blog/tips-investing-californiahousing-market/ https://placetech.net/analysis/repurposing-real-estateopportunities-challenges/ https://rand.org/blog/2020/07/declining-commercial-realestate-demand-may-provide.html

THE POWER IS NOW MAGAZINE | APRIL 2021

SEARCHING FOR YOUR HOME? 4356 N Eddy Ave Fresno, CA, 93727 Fresno County

Offered at $240,000

PROPERTY INFORMATION Bed/Bath: 3/2.00 Total Rooms: 5 Square Feet: 1312 Year: 1960 Lot Size: 7669.00 sq ft

CALL ME FOR DETAILS: Success Money Broker | DRE#01800466 Direct: (833) 243-6863 E-mail: info@callsuccessmoney.com

Is religious discrimination keeping you out of the home of your dreams?

SCAN HERE FOR MORE INFO

Housing discrimination based on any form of religion isn’t just unfair – it’s against the law. If you feel that you’ve been denied the sale, rental or financing of a home because of religion, race, color, national origin, sex, familial status or disability, report it to HUD or your local fair housing center.

Here are some possible signs of housing discrimination:

• “I’ll show you neighborhoods with mosques.”

• “We only take people who speak English clearly.”

• “You might be more comfortable living elsewhere.”

Fair Housing Is Your Right. Use It. Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

By Joe L. Fisher

YOUR WORLD OF TAXES:

UNDERSTANDING HOW PROPERTY TAXES WORK Shows like Fixer Upper and Good Bones on HGTV where homes are bought, renovated, and sold off for a profit have become such big motivators for individuals to own real estate. And while the benefits of being a property owner - wealth creation, income diversification, and the opportunity to leverage your investment - are great incentives, there is one factor that looms in the background: Property tax.

P

roperty taxes are a prime source of income for governments - whether state or local - as they help to fund state budgets, including expenses on education, law enforcement, and other social amenities in the community. However, these benefits do not erase the fact that taxes can be such a nightmare for many property owners. And it need not be.

WWW.THEPOWERISNOW.COM

Besides, while paying tax bills on time is a commendable act, without a proper understanding of the assessment process, i.e., how the calculations were arrived at, it would be almost impossible to notice when your tax assessment contains errors. To avoid this or determine how to handle such an eventuality, it is necessary to have a good grasp of property taxes. This breakdown will serve as a helpful guide.

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WHAT ARE PROPERTY TAXES? In simple terms, property taxes are compulsory contributions made by individuals and corporations on properties they own.

The local government where the property is situated regulates the amount paid by each property owner. However, the property has to be appraised by a tax assessor before an accurate estimate can be arrived at.

HOW IS A PROPERTY ASSESSMENT CONDUCTED? To come up with an accurate estimate of a property’s value, a tax assessor would consider one or all of the following factors: • • • • •

Selling rate of similar properties in the area.

Maintenance costs of the property.

Potential replacement costs.

Cost of improvements made on the property Property income and revenue.

CALCULATING PROPERTY TAX Regardless of the method a tax assessor employs, it is the current real estate market conditions that determine the estimated value of the property. To calculate property tax, multiply the assessed value of your property by the tax or millage rate.

It is important to note that the word ‘property’ as used here refers to real estate, that is, land and buildings. Also noteworthy is the fact that different properties attract different taxes based on their assessed value. Consequently, a constructed building would have a higher estimated value than a vacant lot.

WHAT FACTORS INFLUENCE CHANGES IN PROPERTY TAXES? Property taxes do not have fixed rates. Each local government determines the tax rates in its jurisdiction, and as expected, this figure varies across various localities. As long as the value of homes, land, and property remain subject to changing market trends, it would be impossible to have a fixed rate for property taxes. The fact that these taxes are utilized for the public good also means that changes in the local or state budget could reflect on your tax assessment.

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CONCLUSION A proper understanding of property taxes would reduce the complexities of filing tax returns and paying tax bills. With this in mind, it is advisable to learn about your obligations as a property owner, keep accurate records, and stay abreast of tax legislation in your locale. Taking these steps will enable you to navigate the world of property taxes with ease.

References: https://www.investopedia.com/terms/p/propertytax.asp

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THE POWER IS NOW MAGAZINE | APRIL 2021

THIS PROPERTY WILL NOT LAST! 8900 Briery Branch Dayton, VA, 22821 Rockingham County

Offered at $115,000

PROPERTY INFORMATION

CALL ME FOR DETAILS:

Bed/Bath: 2/2.00 Total Rooms: 7 Square Feet: 1311 Year: 1987 Lot Size: 6534.00 sq ft

Joe L. Fisher DRE#01070856 Direct: (510) 236-8204 E-mail: jlfisher180@yahoo.com www.jfisherrealtors.com