The PIN Magazine November 2017 by The Power Is Now Media Inc.

NOVEMBER 2017 Vol. 04 | Issue 11

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HOW TO RECOVER FROM A NATURAL DISASTER IS FACEBOOK LIVE A GOOD MARKETING TOOL FOR AGENTS? THE BEST TIME TO SELL YOUR HOME

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THE POWER IS NOW INC. Vol. 04 | Issue 11

Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow

EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703 Kim Collier Managing Editor Executive Director of Publishing (800) 401-8994 ext. 712 kim.collier@thepowerisnow.com Goldy Ponce Arratia Graphic Artist and Design Manager (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com

CONTRIBUTORS The Power Is Now Research Team

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magazine CEO & Publisher Eric Lawrence Frazier, MBA 3739 6th Street, Riverside, CA 921506 Ph: (800) 401-8994 ext. 703 EDITORIAL Editor in Chief: Eric Lawrence Frazier MBA Managing Editor: Kim Collier ONLINE Web Designer: Design Box DESIGN Art Director & Design Manager: Goldy Ponce ADMINISTRATIVE Administrative Assistant: Kendra Gedeon

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TABLE OF CONTENTS

OUR COVER Randy Char AREAA President

How to Recover From a Natural Disaster

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Angie Lee Past President of AREAA

What Tax Deductions Are Available for Eco-Friendly Homes?

5 Tips to Taking Old Homes and Making the Eco-Friendly

How the Northern California Fire Will Affect the Wine Industry?

Federal Reservations Board Announces Termination of Enforcement Action with First BanCorp

Is Facebook Live a Good Marketing Tool for Agents?

San Bernardino, Real Estate Focus

NOVEMBER 2017

The Best Time to Sell Your Home

Home Renovation Costs That Add Up Fast: The Numbers You Should Know

4 Smart Strategies to Pay Off Your Mortgage Without Going Broke

Moving Day Tips: The Best Way To Pack For a Move

How to Recover From a Natural Disaster

Five Tips For Staging Your Home for The Holiday Season

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Ready for Winter? How to Weather Proof Your Home

New Laws Affecting Realtors in 2017

Editor’s Letter...

ear Esteemed Readers,

With Thanksgiving right around the corner, and Christmas nipping at our heels, we are excited for what the future holds here at The Power Is Now. I honestly love the holiday season and look forward to spending this time with friends and family. Each year around this time I like to give thanks for all the blessing that have come into my life and the people who have made this year a great one for us. The Power Is Now wouldn’t be where it is today without the efforts of my team and my loyal clients, so with that I say a great THANK YOU.

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One of our continuous goals here at The Power Is Now is to make homeownership a dream come true for you and your clients. With that said, if you haven’t signed up for one of our many homebuyers’ workshops you are truly missing out. These orkshops are created for the homebuyer in mind. At each event you will learn about down payment assistance, building credit, budgeting, and more. Rents are on the rise! Now is the time to own a home. Check out this link Homebuyer Seminars to see when we are in your city! This month I will be attending NAR, the National Association of Realtors Conference in Chicago. I just love Chicago and no better way

NOVEMBER 2017

to see this amazing city while attending a dynamic conference. This event is running from November 3rd- 6th. I will be there soaking up all the knowledge I can to further assist you in all your real estate and mortgage needs. Keep a lookout on Facebook for my live interviews during the 4-day conference.

devastating fires that happened in northern and southern California this past month. This was a stressful time and many lives were affected as well as properties lost. In this issue we discuss how to prepare for the next brush fire as well as what to expect from Fema when natural disaster hits.

I am also excited to bring you another issue of the TPIN magazine. This month on our cover we have the AREAA president, Randy Char. Randy is the newly appointed president of the Asian Real Estate Association of America. He brings a flurry of experience to the organization. Randy is a good team leader and a role model who is innovative and tirelessly works to achieve his goals. Also in this months issue we tackle the new laws affecting Realtors as well as updating you on the latest commercial real estate trends. There is a little bit of everything in this issue to entertain, educate and get you on the road to success as an agent or broker. So dive on in folks.

Thank you for your continued support and readership. Our team is dedicated to you. We want the best from you, so we are dedicated to bringing the best of us. Please take a moment and share this magazine. Knowledge is power, and The Power Is Now. Have a prosperous month.

Lastly, our thoughts and prayers are with the families and business affected by the

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Eric Lawrence Frazier, MBA CEO The Power Is Now Inc.

IN GREEN

WHAT TAX DEDUCTIONS ARE AVAILABLE FOR ECO-FRIENDLY HOMES?

utting up eco-friendly homes will help you reduce the amount of money paid as tax. Below are some of the ways through which you can take advantage of tax deductions for eco-

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friendly homes. This applies to both homeowners and commercial buildings owners. Construction companies also benefit from tax deductions when they build eco-friendly homes and all other buildings.

NOVEMBER 2017

Tax deductions available for eco-friendly homes Reduced depreciation rate Home, owners who have made improvements in their

homes can get up to 1.8% depreciation deduction per one square foot of the building. Though it is a one-time deduction, it is an incentive to encourage the building of eco-friendly homes. Some of the energy efficient measures one should take have been highlighted below. High-efficiency interior lighting and building envelopes top the list. Another measure homeowners can take is to improve heating and ventilation systems in the house. They should opt for the more eco-friendly systems. This way, you can take advantage of the federal tax deductions. Solar investment tax credits This is an incentive to encourage the use of renewable energy resources. Though it mainly focuses on the use of solar energy, there are other clean energy sources included as well. They include;

Though the tax deductions are almost at 30%, it is likely to decrease with time as more people embrace energyefficient buildings. In the building and construction industry, many people have adopted these measures. Construction companies also have adopted the trend in order to take advantage of the tax deductions.

Accelerated system

cost

recovery

Through this system, the businesses are able to recover their investments. Internal revenue service will give commercial building owners and businesses depreciation deductions.This only applies to eligible green building property investments. Some of the features that IRS considers include; • Solar applications in the building • Photovoltaics

• Fuel cells

• Landfill gas

• Small wind turbines

• Municipal solid management

• Geothermal systems • Microturbines • Combined heat power systems

and

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• All other energy installation.

Remember all qualifying energy-saving equipment buyers can take advantage of such tax deductions. The period is usually within 5 years. Having eco-friendly buildings helps businesses because the cost of energy is also reduced. This reduces the cost of business operations considerably.

Energy efficiency tax credits for residential homes Homeowners who make energy efficiency improvements qualify for tax credits of up to 10% of the costs incurred. This also applies to energy efficient equipment bought by homeowners. This especially applies to energy star appliances and products. Homeowners are therefore encouraged to use such products in their homes. Construction companies should also use such products and encourage homeowners to use appliances that promote energy efficiency.

waste

renewable sources

Property Assessed Clean Energy (PACE) financing Commercial and residential property owners who make investments in renewable

energy can get financing. This helps them to access and install high-cost energy efficient equipment. This makes such options affordable for property owners. Remember the upfront financing of such high-cost equipment is availed to the property owners. The rate of interest on such financing is fixed. In addition, this form of financing is long term. It is, therefore, an attractive source of finance for many property investors. Another advantage of such financing is that loan repayment obligation is transferred to the new property owner when the property is sold.

Corporate Tax Breaks A business that has incorporated energy efficient systems can get tax breaks from the government. The government is committed to ensuring that renewable energy resources are used. This is also likely to boost the economic growth of the country. In addition, it helps conserve existing natural resources. New home builders also get green tax breaks. New homes that save up to 50% in heating and lighting their homes are eligible for the tax credits.

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Tax credits for recycling This applies to businesses that buy recycling equipment. Those using recycled materials also get the tax breaks. In order to encourage recycling, businesses that recycle resources also get tax breaks. There are also tax breaks depending on eco-friendly waste management in businesses. These are some of the ways local authorities encourage stakeholders in property industry to use eco-friendly measures in building new homes and premises. For existing homes and commercial buildings, they can be renovated in order to incorporate the eco-friendly upgrades. This does not only help to reduce energy costs, but also helps in conservation of the environment

NOVEMBER 2017

IN GREEN

How to make old homes eco-friendly

5 TIPS TO TAKING OLD HOMES AND MAKING

THEM ECO-FRIENDLY

1. Lighting; This can be changed in order to save on energy. Homeowners can start by installing compact fluorescent light bulbs. They use a quarter of energy as compared to regular standard bulbs. Solar energy can also be used in the home. Through the use of solar panels, it becomes possible to save on energy costs. Installation of skylights is also a cheap and affordable way to renovate your home and make it energy efficient. Another tip would be to install motion sensing lights around the garage and walkways.

2. Heating and air conditioning

lobal warming, increased energy costs and many other environmental concerns are the main reasons why homes should be made more eco-friendly. Most new homeowners are constructing ecofriendly homes nowadays. It helps in cutting energy costs. Environmental conservation is also made possible. Below we highlight some tips on how to make old homes eco-friendly. Some investments are not expensive. The main idea is to promote sustainable living. It is recommended that you use a holistic approach in order to make your old home more ecofriendly. In addition, there are tax credits for homeowners who adopt energy efficient home renovation techniques.

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A good start is to have a programmable thermostat in your home. This can help save on air-conditioning energy costs. It controls the temperatures in the house when you are away and makes them conducive when you are back. Insulation will also help in reducing energy costs. The attic and basements should be insulated. It is recommended that old homes are renovated using green fiber cellulose insulation. Windows should also be insulated. You may opt for new modern windows to replace inefficient windows. The thermal light blocking windows can help reduce energy waste by blocking sunlight. This will be very helpful during summer. Weather stripping around windows helps to stop air from seeping in or out. This helps in regulation of temperature in the house. Installing cool roofs, or painting the roofs in bright colors helps to reflect light. This, ultimately, reduces the energy used in air-conditioning.

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3. Replace old appliances This is one area where homeowners can take advantage of tax credits. Water heaters, refrigerators, and stoves that waste so much energy should be replaced with Energy Star qualified products. The dishwasher is also more economical because it uses less water. This will ensure that your home uses less energy. In order to conserve water, consider replacing the toilets as well. Those toilets with water sense level will use less water per flush. In order to save more water, swap the shower heads as well. Opt for low flow or water saving shower heads. This saves the amount of water used per shower by 17%.Fix any leaking toilets and faucets to reduce water wastage. 4. Reduce, reuse, recycle and repurpose when renovating First, hire a builder or companies that advocate for eco-friendly building and renovating ideas. Secondly, recycled materials should be used. Avoid using oil-based paints. Remember oil is not a renewable resource. Water paints are therefore highly recommended. Opt for second-hand furniture. This will help save on trees. Again you save some money as well since they are cheaper. Opt for modern flooring option. Bamboo is the best as it grows fast. It is therefore considered a renewable resource. Hard flooring from timber should be discouraged. It is more expensive and not eco-friendly. Invest in rugs that help to keep the house warm. This is especially so during winter. It will help save on heating. You will use less energy to keep your home warm.

5. Rainwater harvesting and tank-less water heating This will help to increase water supply and reduce energy used. The use of tankless water heating saves energy since only the water required is what is heated at that particular time. Rainwater collected from the roof can be used to flush toilets or watering plants. This is one of the ma jor renovations old homeowners can make. It will help them reduce the energy bills. There are other simple habits you can adopt to make your home more energy efficient. Adopt them and you will realize huge savings in energy bills. For example, turn off the lights when not in use. You should also unplug the appliances when not in use. As much as possible, use recyclable containers and bags in your home. These and other small lifestyle changes will help you save on energy.

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A ngie Lee

PAST PRESIDENT OF AREAA A

ngie Lee is the Chief Executive Officer and Co-Founder of BLOC Residential, an independent real estate agency located in Manhattan with the aim of making international real estate marketing technology available and efficient for buyers and sellers around the world. Referred to by some as a social influencer, millennial spokesperson, and content creator, Angie Lee is a force to be reckoned with. Beginning with her first position as the assistant to a CEO in a real estate company back in college, Angie has made a name for herself. Over the past 12 years, she has honed and perfected her skills with complete professionalism and utter competence. Her twelve years of climbing up the ladder is finally beginning to yield stellar results. Angie

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Education Angie attended Fordham University, where she graduated with a bachelorâ&#x20AC;&#x2122;s degree in economics. During her time at the university, she became employed in a real estate company as an assistant to the CEO. Her father aided in landing the job opportunity; he wanted her to learn more about the real estate business. Though not conscious of how her first job at the company would impact her future life and career, she pursued it with passion and began to enjoy her work.

Contributions and Achievements

is the Immediate Past President of Asian Real Estate Association of America (AREAA). This makes her the first millennial leader in the company, leading more than 16,000 members across thirtyseven chapters in North America. Angie Lee was a great leadership for (AREAA), she produced healthy, enduring results for high echelon clients including financial institutions, non-profits and corporate executives.

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After leaving that job, she ventured into the real estate business and began building her career with help and encouragement from her father. Angie has achieved incredible success in real estate and banking in New York. She introduced PrimeLending brands to a new market in Manhattan, and led the Manhattan branch to continually rank as the number one revenuegenerating branch in the Northeast region. She has also worked as a Regional Vice President for First Choice Bank. In that position, she regularly exceeded all goals, revenue, and mortgage origination, yielding a pipeline of $400M+

in production volume. Angie has also overseen a lot of marketing enterprises with great managerial professionalism, consistently securing profits for the organizations she serves. She is also a recipient of the Outstanding 50 Asians Americans in Business award. She considers herself forever a student: always learning, expanding, and experiencing new things. Angie is a co-owner and broker at BLOC and POD real estate agencies. Her primary target is the younger generation, and she builds her companies to be technology-driven to ensure services rendered are efficient. Real estate is one of the most substantial corporate expenses, just under human resources. Most companies do not consider this during expansion strategies. POD and BLOC aid their clients in undertaking this issue by safeguarding their business strategies and real estate, which ensures both the business and its land assets stay aligned. Over the years, Angie has successfully employed great marketing strategies for growing her businesses, ensuring their continued growth and success. She owns a blog called Millennial Housing and Lifestyle, where she writes on how the young generation is changing the real estate

industry. She talks about improvements and innovations that will allow individuals to own homes at a younger age with less hassle. In one of her articles, she claims that her generation has had it tougher than previous generations, considering high student loans and the lack of jobs. She urges the young generation to invest in real estate, which will be significant when they decide to own homes. In conclusion, Angie Lee is a true millennial leader; her professionalism and hard work has earned her a seat at the table. She has worked with different companies and organizations, leaving a mark of greatness on each. Real estate is a multi-billion dollar industry pursued by many but enjoyed by few. Angie Lee has toiled to build her career and status in the industry, representing the view of the young generation and introducing new ideas to the real estate business. Bruce Feffer from Hartmann Doherty Rosa Berman & Bulbulia refers to Angie as a talented leader who thinks globally and with a long-term vision. She can connect and work

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with different personalities to achieve common goals. Her ability to venture into various real estate projects and maintain quality work has ensured her continued success.

References http://itsmeangela.com/ https://www.linkedin.com/in/nycangielee/ http://summit.areaa.org/speakers/angie-lee/ http://millennialhousing.net/about/

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Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703

IN ECONOMICS L IL W E R FI IA N R FO LI A C N R E H T R O N E HOW TH

? Y R T S U D IN E IN W E H T T AFFEC

alifornia is prone to year-round fires with those occurring during the fall being the most dangerous. The effects of the hot, dry summer temperatures become worse in later months because of winds from the Great Basin. Known as Diablo in the north and Santa Rosa in Southern California, these high winds cause fire to spread more quickly. For a long time, the edges of cities have encroached on the wild spaces. Those that are between wildlands and private property allow the fire to spread more rapidly and destroy property in the process. The tragic Northern California fire has been reported to be the deadliest in California, claiming 36 lives as stated in a news conference by Napa County Fire Chief Barry Biermann. Among the affected industries in the state is the wine industry.

The effect of fire on the wine industry Californiaâ&#x20AC;&#x2122;s wine industry produces an estimated 85% of all wines in the U.S. This amounts to a national economic impact of up to $114 billion. Several days of firestorms have spared most wineries and vineyards in the wine country of Northern California. What remains unclear, however, is whether the nearly 24 million tourists who visit this region annually will want to go back to burnt hillsides. Tourism officials remain upbeat, stating that large areas of the grassy wine country in the western end of the region remain untouched and are open to lovers of wine. They also claim that short-term home rentals and hotels remain in their normal operations. Northern California is an economic powerhouse for the state.

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NOVEMBER 2017

The fires, which began on Sunday, struck at the heart of the nationâ&#x20AC;&#x2122;s wine region in the counties of Napa and Sonoma, which are home to 1,100 wineries. Signorello Estate and Paradise Ridge Winery in Napa and Santa Rosa respectively are among the wineries that have been reduced to ash.

Effect of wildfire smoke Other notable wineries will not know the Other notable wineries will not know the extent of the damage until the evacuation is completed. However, initial photos confirmed that a great deal of vineyard, more than fifty thousand acres of land, have been destroyed. Apart from fire burning the vineyard, the smoke could have adverse effects on the wine harvest, depending on the path the fires take. According to the ETS Lab, which conducts scientific studies for wineries, smoke from a wildfire can cause flavors described as bacon/campfire/ashtray/smoky. The smoky taste is usually long-lasting, and it lingers on the palate even after you spit out or swallow the wine. The taints occur when berries and vines absorb chemical compounds and phenols from the wildfire smoke. According to a nonprofit trade association, Napa Valley Vintners, it was by luck that 90% of the grapes had already been picked from the vineyard before the fire started on that fateful night, keeping them from being exposed to smoke taint.

technology. Smoke is commonly removed through the process of osmosis.

Other possible effects The reality is that so many peopleâ&#x20AC;&#x2122;s livelihood depends on the wine industry. For instance, this region alone provides over 100,000 jobs combined, contributing $25 billion to the California economy. Going by this number, it is clear that not only the wealthy farmers are affected, as noted by Dave McIntyre in the Washington Post. Many livelihoods depend on wine, from vineyard labors to hotel workers to sales reps. Another effect of the fire on the wine industry is the lack of power, as fermenting of the berries should only last for a little while. Without power to process, winemaking will significantly be affected since fermentation will go out of control. Lastly, there is a little effort that can be done to save the already damaged plantations. However, in the future, such a tragedy should be addressed before it affects the industry severely. Having dealt with significant catastrophe including drought, earthquake, and phylloxera, and having portrayed resilience to them, this is just another challenge that can be dealt with by wineries and vineyards in California. They will emerge ever-stronger than before.

Reference Remedy for smoke effect Kelly Carter, who is a spokesperson for Alpha Omega Winery, states that due to the maturity of the fruit, smoke is not expected to permeate through the fruit skin. She added that should the smoke permeate it, it would be possible to remove it using

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http://www.latimes.com/business/la-fifire-impact-tourism-20171012-story.html http://www.pulselive.co.ke/bi/finance/ finance-heres-how-the-devastatingwildfires-will-affect-northern-californiaswine-industry-id7448810.html

IN ECONOMICS

LATEST COMMERCIAL REAL ESTATE TRENDS A

ccording to sources from the Urban Land Institute and National Real Estate Investor, there are five ma jor factors that affect commercial real estate trends in the United States. These factors will affect investor flows in cities or urban centers and transaction volume. These factors include:

• Global economic and political uncertainties • Low interest and cap rate environment • Foreign investment • Slowing new supply

a variety of consumer and industrial goods exerting pressure on the current inflation. Also, the International Monetary Fund (IMF) has downgraded its global growth outlook twice since January 2016 as uncertainties blur the global economic outlook. In the U.S., assets are likely to become attractive and valuable to global investors, making its market more lucrative. The pendulum appears to be shifting in its favor as emerging markets strengthen and merchandises continue to recover. Stronger global growth is likely to provide real estate inflow for the U.S. market. (See Figure 1: IMF World Economic Outlook Projections).

• Volatile energy markets

Global economic and political uncertainties According to Urban Land Institute, the 2016 U.S. elections caused political unrest and global democratic revolt of the West, causing unrest of the governments in France, Italy, and Germany, potentially leaning more towards nationalist policies and leaders. These countries are potential investors in the U.S., and this movement could usher a new wave of deteriorating relationships with these countries. The U.S. can probably expect higher charges for several countries like Mexico, China, and many potential investor countries. This would mean high prices on imports for

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Low interest and cap rate environment According to National Real Estate Investor magazine, analysts looked at the 10-year treasury constant maturity chart from the Federal Reserve Bank of St. Louis and deduced that yields of low percentages like the 1.5% yield rate that was achieved in July 2016 after the Brexit vote, have now risen to 2.3 as of September 2017 (See Figure 2: 10Year Treasury Constant Maturity Chart). The Federal Reserve Bank is acting on a wait-and-see method as they exert changes on the economy, weighing the effect of each move on growth trends in the strained

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economy. Low interest rates mean there are not many good returns on investments made by investors. Investors will look for favorable interest elsewhere. This affects the supply of foreign cash into the economy. A factor in the cap rate behavior is the relative attractiveness of alternate investments available to investors. When it is favorable, corporate credit bonds yield in the 2s, S&P 500 dividends also yields in the 2s, and public real estate investment trust (REIT) dividends

yields in the 3s â&#x20AC;&#x201C; typically, a percentage of the REIT dividends include a return of the capital. The value of the corporate bonds and their yield fluctuate inversely to each other, and over the long term, the total return on equities has historically exceeded that of REITs and corporate bonds. In this relatively low-yield scenario, average private equity real estate yields are still very lucrative and continue to attract capital despite rising rates. This kind of ongoing capital demand will put downward pressure on cap rates.

Figure 1: IMF World Economic Outlook Projections

Source: International Monetary Fund, October 2016

Figure 2: 10-Year Treasury Constant Maturity Chart

Source: Federal Reserve Bank of St. Louis

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Foreign investment The U.S. property market is the most stable and transparent market, with higher relative yields and price appreciation potential, which makes it a lucrative investment choice globally. This is because other developed countries in the European region and China have dampened currency values and slowed growth. As a result, there is a considerable amount of non-U.S. capital strongly demanding U.S real estate

assets, with 2015 recording more than $87 billion over 12 months (according to Marcus and Millichap, Special Foreign Investment Report, second quarter 2016; see Figure 3). The National Real Estate Investor magazine discussed changes in the 1980 Foreign Investment in Real Property Tax Act (FIRPTA), which allows foreign investors to have similar treatment to their U.S. counterparts and has favored foreign investment in the U.S. real estate market.

Figure 3: Foreign Investments

Source: Marcus and Millichap, Special Foreign Investment Report, second quarter 2016 Slowing new supplies Analysts from the National Real Estate Investor reported additions of real estate supply will remain limited across housing sectors: Multifamily sector (now slowing for reminder of 2016), Student and Senior housing sector (creeping up), Single-Tenant Industrial sector (in regional distribution centers), and Suburban Malls (repurposing). Of all the property sectors, only multifamily can be said to be near new long-term supply highs, although offices are seeing some marginal supply additions in a few markets for the first time in years.

Overall, these factors will help facilitate good economic forces, because people will have extra money to spend in development as a result of a strong, vibrant economy.

References h tt p : // w w w. n r e i o n l i n e . c o m / fi n an c e investment/five-trends-affecting-commercialreal-estate-looking-ahead-2017

Volatile energy markets The fluctuation of oil prices globally has affected construction, manufacturing, and logistics costs. The reduction of costs in these

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sectors has supported business investments and expansion, increasing demand for industrial and manufacturing space. Property markets are seeing a short-term lift due to a combination of improving tenant fundamentals and lower operating costs.

http://urbanl and.uli.org/economy-marketstrends/five-trends-commercial-real-estatewatch-2017-2/

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The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

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IN FINANCES

THE BEST TIME

TO SELL

YOUR HOME J

ust like thereâ&#x20AC;&#x2122;s a magic day to buy a plane ticket, thereâ&#x20AC;&#x2122;s a specific month when you should try to sell your house. Selling a home is a ma jor decision that requires deep consideration both financially and emotionally. It is a decision that should not be done in hurry whatsoever. A home is where all the activities take place therefore; several factors should be put in place. Consider the region where the house is located. Which season do you want to sell your home? Are you selling due to expansion of your family or due to a new work opportunity in a different city from your current that require you to move out? These factors in mind one can make a sound decision of when exactly the best time to transform your home in cash.

When is the best time to sell your home? The main factor to consider here is time and that is exactly what should form the basis of whether or not one will get the best offer about selling of your home according to house sale advisory body known as the advisory .co.ke. The best time of selling your house should range between the time around February and June. Advice of selling your home compare to weather seasons of the year. This is because during spring the sun tend to offer an appealing look to the eyes in regards to the house itself and the surrounding and the market has considerable large number of buyers.

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It is advised that if one is selling a house during winter, then the house should be advertised in the market earlier enough before July, after wish one cannot be in a good position to make sales. According to research from U.S.A at Zillow, the best time was selling a home during the first 15 days of May which produced an approximate earning of seventeen hundred dollars. This offered the best season of getting incredible good results of selling a home. The weather factor in different regions offers different times of selling and getting ready buyers in specific time. Homes in locations that experience more intense seasonal changes, like Baltimore and Minneapolis, are more likely to have a key optimal selling window. Warmer climate states like California have more flexibility. But the spring housing season started with some intensity in Southern California, the Los Angeles. Real estate site Redfin found that homes in the area were selling faster than last year, and many were going for higher than asking prices.

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Conclusion From the above discussion home selling is a ma jor milestone that requires deep thought without a hurry from any mental pressure. It is a decision that one need to make when ready. Spring season is the best time to sell a home, this is due to the fact that the sun is present at such a season and offers to a home more attractive to the buyer and in case there is a kitchen garden it really helps to make the garden pop out with level of attraction that is much appealing to the eyes. This is a good season that most people tend to spend their time outside and spring tops up the best time of the year to sell your home Time of the month really is the ma jor factor during the first six months of the year according to the research at Zillow. This states that the best time of making sales is the first six months o of the year. Cheers if you are planning to sale your house consider the spring season!

ANITA JONES-CAYENNE Director of Real Estate Services NORTHERN CALIFORNIA Phone: 800-401-8994 x 707 Direct: 510-681-4147 Email:anita.jones@thepowerisnow.com Website: www.thepowerisnow.com www.applytobuynow.com

IN FINANCES

Federal Reservation Board Announces Termination of Enforcement Action with First BanCorp

he Federal Reserve Bank (the Fed) is the central bank of the United States. This bank was established by Congress to ensure that there are flexible, safe, and stable financial systems. On Dec 23, 1913, the Federal Reserve Act was signed into law by Woodrow Wilson, who was President of the United States. The general responsibility of the Fed is to supervise all the operations of other banks as a way of ensuring that all bank holding companies operate within the stipulated regulations. This helps in controlling any economic impact that such operations may have on the states. In June of 2010, the Federal Board signed a written agreement with First Bancorp (FB). First Bancorp is a company that is registered to own and manage several banks, include: Puerto Rico; First Bank Puerto Rico, a state-chartered nonmember bank; and San Juan, among other banks. This agreement guaranteed the Federal Reserve Bank the authority to monitor, supervise and control the operations of FB. This agreement included but was not limited to the following:

Source of strength All of FBâ&#x20AC;&#x2122;s resources, both managerial and financial, were to be maximally utilized to serve as the source of strength to the bank. This responsibility was bestowed on FBâ&#x20AC;&#x2122;s board of directors. The board was also expected to take the necessary action to see to it that the bank complied with the agreement made with the Federal Deposit Insurance

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Corporation on June 2, 2017.

Debt and Stock redemption For FB to redeem or buy shares from its stock, the Fed bank must provide a prior written approval, without which this transaction can not be under taken. Similarly, FB shall not guarantee or incur any form of debt without providence of an earlier written approval by the reserve bank authorizing such transactions. This earlier written approval must indicate the purpose of incurring the debt, strategies on how to repay the date and a clear account of the resources that shall generate cash flow to settle the debt.

Compliance with laws and regulations FB should provide a notice to the reserve bank in a case where new directors or a senior executive officer is to be appointed or in a situation where the responsibilities of a senior executive officer are to be changed. This is to be done in compliance with section 32 of the Federal Deposit Insurance Corporation (FDIC) Act and subpart H of Regulations Y of the board of governors.

Progress reports The FB board of directors should prepare and submit a written progress report to the Federal Reserve. This report should be submitted within 30 days after the end of each calendar quarter of the agreement. The report should clearly indicate all the actions taken to ensure strict adherence to the terms of this agreement. Balance sheets and income statements among other important transaction documents should also be attached to the report.

Dividends and Distribution Before FB declares or makes any dividends

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paid, they must have a prior written approval of the Fed and the director of the division of banking supervision. Interest, principal, and trust preferred securities should not be distributed by FB without the earlier written approval of the director and the reserve bank. Prior approval requests should be submitted to the reserve bank at least 30 days from the date of declaration of the dividends.

Capital plan FB should submit a capital plan to reserve bank within 30 days from the effective date of this agreement. The capital plan should include but not be limited to: the bankâ&#x20AC;&#x2122;s present and future capital needs, sources of additional funds to serve credits, and allowances for loans and lease losses. In case the capital rated is reduced below the minimum plan, the FB should notify the reserve bank in writing within 30 days after the end of a calendar quarter. In addition to the notification, FB shall also provide an achievable plan on how to raise the capital to the agreed planâ&#x20AC;&#x2122;s minimum. The agreement between FB and the Federal Reserve signed in June of 2010 was terminated on October 3, 2017 when the Federal Reserve Board announced that the enforcement action with First Bancorp had been terminated. This termination implies that the Reserve bank no longer has direct authority over FB and cannot therefore directly control or supervise its operations. It could also imply that FB has met the required regulations and standards of the law as a deposit-holding company, and therefore there is no further need for enforcement action by the Federal Reserve.

Reference: https://www.federalreserve.gov/newsevents/ pressreleases/files/enf20100608c1.pdf 31

IN COVER

RANDY CHAR President of AREAA

andy Char is the newly appointed president of the Asian Real Estate Association of America (AREAA). AREAA was established in 2003 as a profitless organization that deals with house ownership among the Asian American community. It provides a business opportunity to real estate specialists that work for this community.

Background Randy was born and raised in Marin County, CA. Currently, he is the president-elect of AREAA. Previously, he served as broker and president of Char Luxury Real Estate, a company that deals with selling homes which is based in the Las Vegas, Nevada area. Based on his excellent skills and experience in approaching and convincing homebuyers, this organization has exceedingly succeeded in the real estate business world, making him better suited to hold other senior positions in real estate organizations.

vice president of sales in the western U.S. at Richmond American Homes. He also worked for Pulte Home Corporation as a Sales and Marketing Vice President between 2006 and 2009. At Pulte Homes, Randy served between 2004 and 2006 in the position of Vice President in charge of sales, and from February 2003 to June 2004 as the General Sales Manager. Finally, he worked as a Sales Consultant in the same organization from 1998 to 2003.

Education Experience Prior to his work at Char Luxury Real Estate, Randy worked as a Senior Vice President of Operations of One Queens Ridge Place from 2012 to August 2015. From 2011 to 2014, he worked as Real Estate Sales Speaker, Trainer, and Operations Consultant. Between May 2010 and October 2011, Randy served as the sales and marketing vice president of Ryland Homes. From June 2009 to June 2010, he worked as the regional

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In 2009, he attained a presidential MBA from Pepperdine Graziadio School of Business and Management. From 1988 to 1993, Randy worked towards a bachelorâ&#x20AC;&#x2122;s in political science and government. Randy has a vast range of skills which have been manifested in his progressive achievements in his career as a real estate broker and a manager. These skills include the following:

Mentor: Randy has been a mentor to many. He has travelled globally to offer training and unique strategies on how to excel in real estate business. Speaker: He is a well-known motivational speaker. Consequently, he has been invited to speak to groups of people on how to excel in the real estate market. For instance, in 2013, he was invited to speak to guests on modern trends in interior decoration at Summerlin Club in Las Leadership: Vegas, Nevada. Additionally, he has often been invited to sit and actively participate in senior Randy has been a good team leader and panels that deliberate on matters concerning a role model who is innovative and tirelessly the marketing of real estate. works to achieve his goals. With high-rated performance throughout his carrier, Randy Char is expected to utilize his expertise and skills to make ARREA the best real Sales Management: estate agency. Based on his past experience of His creativity and intelligence put him in selling over 95 homes in eight and half months, a better position to help people find new he is capable of transforming AREAA to be the homes that meet their interests. He develops best organization for selling and buying homes. marketing strategies which help him make Charâ&#x20AC;&#x2122;s ability to simplify contract terms to the more sales. level of his clients puts him in a better position to convince his clients and to in turn make high sales. His experience of twenty years of excellent Motivation: performance in real estate sales and marketing His successes in real estate are a big business has enabled him to win the confidence motivation to anyone who desires to venture of investors in the business. into this business. The great interest and passion manifested in his dealings with clients also serve as a motivation for one to work tirelessly in order to meet the needs of a new homebuyer.

Reference http://www.randychar.com/ http://www.linkedin.com/in/randy.char/ http://www.charluxury.com/randy-char-tobe-inducted-as-areaa-president-at-1st-annualcharity-auction/

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www.ocrealtist.org

OUR MISSION: The mission of the Orange County Realtist is to provide support and education for its members to grow and expand their businesses while assisting the community to achieve the American dream of homeownership.

OUR VISION: The vision of the OC Realtist is to become a center of influence and a chapter of successful realtists in Orange County whose businesses are thriving from the support they receive and the networking opportunities that exist by their affiliation with National Association of Real Estate Brokers.

Listen The OC Realtist Online Radio!

Check Out Our Online Magazine!

NAREB was founded in 1947 and is the Oldest African American Real Estate Trade Association in the United States. The Orange County Realtist Chapter was founded in October 4, 2009 by Eric Frazier in Orange County.

Email: info@ocareb.org Phone: 800-790-0941

IN TECHNOLOGY

IS FACEBOOK LIVE A GOOD MARKETING TOOL FOR AGENTS

acebook live is a popular online marketing tool. Previously, live video marketing has been popular in periscope and Snapchat. But due to its effectiveness, Facebook live was launched in order to take advantage of its potential to increase the market niche. In real estate, it has become a ma jor tool for marketing. We are going to look at ways in which Facebook live is a good marketing tool for agents. The tips reviewed below will help you create more awareness of your property. In the long run, you will be able to increase sales and the profit margin increases consequently.

How Facebook live is a good marketing tool for agents

Live Q&A session with potential property buyers Through a live broadcast, agents are able to get in touch with potential buyers. This way, they have an opportunity to convince potential property buyers to buy. In addition, the potential buyers can get more info regarding the property. They also get to know the terms and conditions of buying property. In most cases, potential buyers also need info regarding financing options available. If agents use Facebook live marketing option, then potential buyers are able to get such info instantly. Decisions by potential buyers will be made quickly if they are able to get the necessary info fast. Facebook live makes that possible.

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Online home tours Most potential property buyers will not buy a product till they see it. Due to busy schedules, it may take time for them to visit the site and see the property. Well, through home tours online, the buyers are able to see the home or the building they are buying. Agents should adopt this method. Usually, a few minutes tour of the property online with a potential client does not cost much. The clients are allowed to ask questions. In most cases, agents ensure that the key features of the property are highlighted.

Homebuyersâ&#x20AC;&#x2122; tutorials There are many factors that can determine if a potential buyer will buy your property or not. Agents understand this all too well. As such, they also invest in property buyer education. Let the potential buyers know the value of the property now. It is also important to explain to them the rate of appreciation. This is one of the ma jor factors that can influence the decisions of homebuyers. In addition, ensure that you

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give them ideas on financing options available. The ma jor challenge that most home buyers face is financing. As such, in your Facebook live session, give them ideas on financing options and let them also see the main features of the property.

Social check-ins Well, through Facebook live, you can broadcast check-ins to the property on sale. Agents can utilize the opportunity to interact with their potential clients. Most Facebook users get the Facebook live chats on their news feed. It is, therefore, a powerful marketing tool since you are able to reach a wider market niche. Agents should make short and fun videos. They should be informal considering that itâ&#x20AC;&#x2122;s on social media. This way, you will get more traffic and you are likely to get more clients reviewing the live feeds and buying your property. Interestingly, some agents

may include lottery options where one of the potential buyers may stand to win a property or some discounts. These are some of the ways agents can make their live chats lively and attract more people to view the live chats.

Instant impact on sales and branding Research shows that by 2020 most content in Facebook will be in the form of video. In such cases, the â&#x20AC;&#x153;liveâ&#x20AC;? and video posts will be treated as regular posts. No much impact will be felt. But right now, Facebook pushes live chats to the top of every Facebook user feeds. As such, info reaches a wider market niche. Agents know that this is one of the easiest ways to reach more potential clients. They are taking advantage of it. However, it may not last when every other user starts using it. But for now, property agents are making an impact in sales and branding by using Facebook live.

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Facebook live is a valuable tool to real estate agents. It depends on how you use it. Again, consistency is what will deliver results. As much as possible; agents should talk about real-life situations. They should also try to be helpful to their clients especially on matters relating to finance and main features of the property. The most important tip you need to bear in mind as an agent is that Facebook marketing is also about branding and connecting. Basically, 20% is about sales but 80% is all about branding. Agents should, therefore, focus on this principle when they use Facebook live as a marketing too.

NOVEMBER 2017

Helping you achieve the American dream of homeownership!

THE POWER IS NOW MAGAZINE Find industry insights and professionals sharing important information in our monthly magazine

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CALL ME FOR DETAILS ERIC LAWRENCE FRAZIER MBA

CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243

The Power is Now, Inc. is a nationwide, real estate professional, and community-based multimedia and education company founded in 2009 by Eric L. Frazier, MBA, headquartered in Riverside, California. The Online Radio Talk Show, Magazine, TV and events are supported by numerous national and state real estate associations and provides weekly real estate related content to millions of real estate agents and consumers throughout the United States online and by teleconference. The Power Is Now Inc., is also an mortgage brokerage licensed by the state of California, CAL BRE MLO/NMLS License #1435243, and a real estate broketage CAL BRE 01980407 and is not affiliated with any state or federal agency. The Power Is Now Inc., corporate office is located at 3739 6th Street Riverside, CA 92501. Telephone/Fax: 800401-8994. Eric Frazier, is California Licensed Loan Originator NMLS# 461807, and a Real Estate Broker #O1148434.

We have a membership for everyone. From the Buyer and Seller to the Professional Agent and Broker. Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703

IN TECHNOLOGY

NOW DELIVERS

TINY HOUSES P

eople who choose to downsize their living spaces should opt for tiny houses. Such houses come in all shapes, sizes, and forms. Tiny houses enable simpler and efficient living. There are many reasons why people opt to live in such houses. Mainly, it is because they are environmentally friendly and affordable, and allow one to be selfsufficient. They simplify life while allowing one to experience adventure. Most residents, therefore, opt for such houses in order to cut down on the high cost of living. In short, tiny houses make living more affordable. Where to get tiny houses It is now possible to get

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tiny houses online from Amazon, the leading online retailer. This makes it easier for homeowners to get their dream tiny houses online. Tiny houses, which are made from new shipping containers, will be delivered to your location fully finished. From Amazon, you will get tiny houses that have been made by MODS international. Currently, the houses sell for $36,000, excluding shipping. Through online reviews, you will get additional information regarding tiny houses. Amazon is a reliable e-commerce retailer, and as such you are assured of quality. It is important to check out reviews of these tiny houses online

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and know more about the houses already sold. You should also check customer service reviews on Amazon. You should be keen to see customer reviews regarding delivery of the house and condition of the house when it was delivered. Many people are concerned about the effect of stacking tiny houses together. Thankfully, reviews show that this does not affect the appearance of the house at

all. This is because the houses are made of new containers. The strong metal is resistant, and stacking metals together will not have any effect on the metal.

Features of tiny houses

Amazon Prime members, unfortunately, still have to pay around $4,500 for freight shipping. Assembly of the house is not included in the shipping cost. You will need to hire a third party to help you assemble the house. But with their tutorials, you can do it yourself.

• Durable, since they are made from brand new containers

Interior design is up to you. But the fabricated house comes with a basic design. You may redesign it to suit your preference.

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• Eco-friendly • Adaptable to various environments

• Leak-proof • A bedroom, shower, toilet sink and living area • Double patio doors • Fully insulated • Heat and air conditioning systems are

already installed • Sewer, electricity, and water connections are already in place • A few appliances are already in the house

Reasons why you should get a tiny house • It may be more conducive as a guest house in your home. This way, your guests feel more comfortable and you can still enjoy your space without intrusion. • They are relatively affordable and durable. You save more in the long run. • They can be a good home for aging parents. Parents also need their space and privacy. When they live in your home, you may get a container house for them. • They are more sustainable and ecofriendly. This helps to bring down the cost of bills. • Amazon delivers the house to your doorstep. Safety of the house is therefore assured. You are also assured of getting the house, since Amazon is a reputable online retailer. • Fast installation, low price, and safety of tiny houses make them appealing to house buyers. Amazon is a reputable and reliable online retailer. This makes the house buyers feel more secure buying the houses online.

You may pay for your tiny house online using a credit card. Now that tiny houses are available at Amazon, more people will consider buying one online because of the convenience. Potential tiny-house buyers can get more info on tiny houses online at Amazon. Pictures from : https://gizmodo.com/the-11-best-tiny-houses-you-canbuy-on-amazon-1819377589

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Online Real Estate

Marketing

Session EVERY THURSDAY

FROM 12:30 PM TO 1:30 PM PDT

• Facebook Live enables us to target buyers specifically and specific geography.

• Being live on video allows you to creatively share excitement and

Reasons to Promote Real Estate Listings Live on Facebook and BlogTalkRadio

• Online Radio provides more time to promote your listings.

• Millions of consumers are online and listen to Online Radio and Video.

emotion about your listings.

• Consumers can listen to online radio and Facebook Live 24/7.

• The human voice adds immeasurable value to selling Real Estate, as opposed to relying on a simple flyer.

• Facebook Live has no advertising

clutter and provides immediate feeback about your listing.

Click Here for More Information! The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

IN REAL ESTATE

San Bernardino Real Estate Focus S

Danon Burnside

an Bernardino is the hub of the Inland Empire, which is located just east of Los Angeles. It is made up of a diverse population. With a population of 216,108 people, 57,580 total housing units (homes and apartments), and a median house value of $217,653, San Bernardino real estate values are some of the lowest in California. Compared to real estate around the nation, though, San Bernardino homes are still considered rather expensive.

Real Estate Agent BRE#01835853 800-401-8994 x 724 951-205-5796 danon.burnside@ thepowerisnow.com www.thepowerisnow.com

Economic Growth: San Bernardino continues to experience economic growth in the housing market as new jobs and business opportunities are being developed within San Bernardino County. An exclusive development agreement has been made between the mayor of San Bernardino, AECOM, and The Fransen Company in efforts to redevelop the downtown area of San Bernardino. They are in

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NOVEMBER 2017

the first phase of developing a master plan for just over a 48-acre area known as the Carousel Mall. They will also team up with well-known home builder KB Home to present a mixed-use development of residential housing and retail space. San Bernardino is home to the San Manuel

Stadium, which is an open-air ballpark located in the downtown area. San Manuel Stadium is the home park for the Inland Empire 66ers. This ballpark was originally opened in 1996 as Fiscalini Field. Other local attractions include Inland Center mall, Regal San Bernardino movie theater, and Glen Helen Regional Park.

Housing Trends: Living in San Bernardino can be a great benefit for new and seasoned homeowners. According to data taken from Infosparks Market, the median home price is $270,000, which is up 14.6% over last year.

Source: https://www.realtor.com/local/San-Bernardino_CA Home prices are continuing to increase, and with low inventory and low interest rates, sellers are seeing multiple offers within days of listing their home for sale. The average time on market is only 29 days, down 34.1% from last year. Single-family detached homes are the single most common housing type in San Bernardino, accounting for 60.53% of the cityâ&#x20AC;&#x2122;s housing units.

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Other types of housing that are prevalent in San Bernardino include large apartment complexes or high-rise apartments (19.49%), duplexes, homes converted to apartments or other small apartment buildings (9.03%), and a few mobile homes or trailers (6.40%). People in San Bernardino primarily live in small (one, two, or no bedroom) single-family detached homes. San Bernardino has a mixture of owner-

occupied and renter-occupied housing. Porter, co-author of Big Shifts Ahead: Demographic Clarity for Business has classified the San Bernardino County housing market as “hot.” When asked why, he said: “We upgraded the Riverside-San Bernardino MSA to a ‘hot’ housing market based on strong sales and rising home-price appreciation. In our rating system, warm market conditions reflect builders selling at a market’s historically normal sales rate per community, typically two to three per month, with slightly rising net prices. To be considered a ‘hot’ market, market conditions need to exceed these criteria, which they are doing right now. The areas of the MSA that border Orange and Los Angeles Counties appear to be the strongest, but we are seeing better-thanaverage performance further inland as well.”

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Conclusion: Both newly formed, young-adult households and the growing retiree population are going to be big opportunities to keep an eye on. For the younger-adult population, homeownership is still a goal, and San Bernardino County offers relatively better housing affordability in relation to incomes than other parts of Southern California. As prices continue to climb and show no signs of slowing down, new home buyers should take advantage now to avoid being priced out of their buying range. As of this article there are approximately 439 active single-family home listings available in the city of San Bernardino, not including condos and townhomes. This represents about a two-and-a-half-month supply of homes for sale. The Power Is Now is providing professional services in the area with top realtor Danon Burnside. Whether you’re buying or selling, contact The Power is Now today!

NOVEMBER 2017

Helping Families Make the Right Move!

Danon Burnside Cal BRE # 01835853

Real estate Agent

Realtor | San Bernardino O: 800-401-8994 x 724 D: 951-205-5796 danon.burnside@thepowerisnow.com www.thepowerisnow.com www.applytobuynow.com

IN REAL ESTATE

Why Vallejo is the Hottest Housing Market in America V

allejo, California, a small city across the bay from San Francisco, was named the hottest housing market in America by Realtor.com this year. It is one of the most ethnically diverse cities in the U.S., and is officially the hottest U.S. residential real estate market, with an average housing cost of 50 percent lower than the rest of the Bay Area. You can still find a property as low as $150,000.

Lanise Spann CalBRE# 01800507 Direct: 707 297-0398 Office: 800-401-8994 ext 713 lanise.spann@thepowerisnow. com

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Investment opportunities: Vallejo is a prime location for investment property, development, businesses, and homeownership. Vallejoâ&#x20AC;&#x2122;s strategic location on the north rim of San Francisco Bay and the southern edge of the Napa Valley wine country makes it the ideal location in which to launch or expand a business. New businesses which have recently arrived in Vallejo include DSW, Ultra Beauty, and Sketchers. Thereâ&#x20AC;&#x2122;s also talk about an In

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& out Burger, and there are plans to put up a new ferry terminal, whiskey distillery and 1,400 single-family homes, townhouses, condos, and rentals on the island as well.

Housing Market: With Vallejo’s great weather, central location and relative affordability compared to the rest of the Bay Area, it rightly deserves the title “Gateway to San Francisco”. “The steep rise in Vallejo’s rents is likely a ripple effect caused by the expensive rents in San Francisco,” said Apartment List’s Andrew Woo. “As renters get priced out of San Francisco, Oakland, and Berkeley, they are moving to cities that are a little further away and less expensive.

Rents are increasing elsewhere in the East Bay as well.” Javier Vivas, economics research manager for realtor.com, says his firm’s latest report shows a similar trend: “Vallejo has retained first place in the realtor. com hotness rankings for the last four months, benefiting from spillover demand from the Bay Area and other adjacent markets where the lack of affordable homes for sale continues to push buyers into outlying areas. In May, the median list price in Vallejo reached $440,000, less than half the price tag of an equivalent home in San Francisco. This continues to drive interest from priced-out buyers, particularly those looking for starter homes, making Vallejo a very attractive option financially.”

Crime Rate: Over the past few years, Vallejo has faced a serious rise in the crime rate. But recent statistics show that trend is in decline, and Vallejo is now considered safer than 6% of other U.S cities.

Source: https://www.neighborhoodscout.com/ca/vallejo/crime

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Other Demographics: Vallejo is a larger medium-sized coastal city located in the state of California. With a population of 121,253 people and 31 constituent neighborhoods, Vallejo is the 49th largest community in California. Vallejo is not predominantly white -or blue-

collar. Instead, the most prevalent occupations for people in Vallejo are a mix of both whiteand blue-collar jobs. Overall, Vallejo is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Vallejo who work in office and administrative support (15.04%), sales jobs (10.32%), or management occupations (7.75%).

Source: https://www.point2homes.com/US/Neighborhood/CA/Vallejo-Demographics.html

The education level of Vallejo citizens is a little higher than the average for U.S. cities and towns: 24.53% of adults in Vallejo have at least a bachelorâ&#x20AC;&#x2122;s degree. Vallejo is an extremely ethnically diverse city. The people who call Vallejo home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Vallejo residents reports their race to be White, followed by Asian. Vallejo also has a sizeable Hispanic population (people of Hispanic origin may be of any race); people of Hispanic or Latino origin account for 24.91% of the cityâ&#x20AC;&#x2122;s residents. Important ancestries of people in Vallejo include Irish, English, Italian, and African.

References: https://www.neighborhoodscout.com/ca/ vallejo http://www.businessinsider.com/photos-ofvallejo-california-what-its-like-2017-7 http://www.eastbaytimes.com/2017/06/05/ two-s tudies-show-va ll ejo-area-remainsnations-hottest-real-estate-market/ http://www.nbcbayarea.com/news/local/ Vallejo-Fairfield-is-Hottest-Real-Estate-Marketin-United-States-431848783.html

The Power Is Now, with experienced real estate agent Lanise Spann, is providing excellent services in Vallejo. The word is out: with all the great things happening there, Vallejo is the place to be. Contact Lanise today to buy your new home in Vallejo. She and The Power Is Now can turn your homeownership dreams into reality!

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THE REALTIST YOU CAN TRUST! Serving the city of Vallejo and surrounding areas.

LANISE SPANN CalBRE# 01800507 Direct: 707 297-0398 Office: 800-401-8994 ext 713 E-mail: lanise.spann@thepowerisnow.com

IN REAL ESTATE

rialto city REAL ESTATE OVERVIEW, OCTOBER 2017

ialto, California is just an hour east of Los Angeles California. Rialto is a larger medium-sized city located in the state of California. With a population of 103,132 people and 21 constituent neighborhoods, Rialto is the 69th largest community in California.

Rialto market trends

JT Burnside 800-401-8994 x 719

Rialto market trends indicate an increase of $22,750 (8%) in median home sales over the past year. The average price per square foot for this same period rose to $209, up from $198.

909-745-4349 jt.burnside@thepowerisnow.com www.thepowerisnow.com www.applytobuynow.com

Source: https://www.trulia.com/real_estate/Rialto-California/ market-trends/

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NOVEMBER 2017

Economic Development:

Demographics:

Rialto city is currently experiencing a lot of economic growth. A super Walmart anchoring several other stores and eateries has opened on the south end of the city. Another ma jor development that is currently underway is by HillWood and Lewis Retail Centers: the Renaissance Market Place will feature more than 460,000 square feet of shopping, dining and entertainment located on the north end of Ayala Dr. off the 210 Freeway. Renaissance Market Place will showcase prominent national retailers and eateries coupled with modern architecture and ambiance that is representative of the transformation in Rialto.

Rialto is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Rialto is a city of salespeople, office workers, service providers, and transportation and shipping workers. There are especially a lot of people living in Rialto who work in office and administrative support (17.33%), sales jobs (9.72%), and food service (6.15%).

Source: https://www.neighborhoodscout.com/

In Rialto, just 9.78% of people over the age of 25 hold a college degree, which is very low compared to the rest of the nation: the average among all cities is 21.84%. The per capita income in Rialto in 2010 was $16,451, which is low for both California and the nation. This equates to an annual income of $65,804 for a family of four. However, Rialto contains both very wealthy and very poor people as well. Rialto also has a high population of people who were born in another country: 28.19%.

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Source: https://www.neighborhoodscout.com/

The most common language spoken in Rialto is Spanish. Other important languages spoken here include English and Pacific Island languages. Over 800 housing units are anticipated to open in the 1st part of 2019. Large employment in the area will continue to increase with industrial and warehouse openings (over 10,000 jobs projected). Opening of a 20-acre sports park will include fields and courts geared to host year-round traffic. Rialto is home to four ma jor regional distribution centers: Staples Inc., which serves stores across the entire west coast of the United States, Toys “R” Us, Under Armour, and Target. One of the United States’ largest fireworks companies, Pyro Spectaculars, is also headquartered in Rialto. Now is one of the best times to purchase a home in Rialto City. A median home price of $324,500 it makes a wonderful time to buy, and with job growth and more housing being developed, it makes it the ideal place to raise a family. The wonderful thing about Rialto is that it is centrally located so when you want to get away for the weekend to Las Vegas, San Diego, Arizona, or L.A., they are just hours away. The Power Is Now is providing services in Rialto City through distinguished agent JT Burnside. He has been an active real estate agent in Southern California since 2006. He

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has gained 10 years of specialized experience needed in this area. The real estate market is ever changing, and it requires someone who can listen and communicate properly. When clients are faced with having to choose a real estate agent in Rialto City, we can say with confidence that choosing an agent who is part of The Power Is Now Organization is the best choice one could ever make. The Power Is Now Organization has created set standards that make its agents stand out from other competitors. When you want to buy a home in Rialto City, you choose the best: The Power Is Now Real Estate!

References: https://www.zillow.com/rialto-ca/ https://www.neighborhoodscout.com/ca/ rialto

NOVEMBER 2017

JT BURNSIDE Realtor | Rialto

Phone: 800-401-8994 x 719 Direct: 909-745-4349 Email: jt.burnside@thepowerisnow.com Website: www.thepowerisnow.com www.applytobuynow.com

IN REAL ESTATE

antioch

real estate market trends

ntioch is located in Contra Costa County in Northern California, 45 miles from San Francisco and 37 miles from Oakland. The median home value in Antioch is $406,600. Antioch home values have gone up 11.7% over the past year, and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Antioch is $228, which is lower than the San Francisco Metro average of $482. So you definitely get more home for your money.

Robin Davis CalBRE # 01971982 Phone: 800-401-8994 x 706 Direct: 925-565-4848 robin.davis@thepowerisnow.com www.thepowerisnow.com

Source: https://www.realtor.com/local/Antioch_CA

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NOVEMBER 2017

According to Zillow, foreclosures will be a factor impacting home values over the next several years. In Antioch, 1 home is foreclosed per 10,000. This is greater than the San Francisco Metro value of 0.5, but lower than the national value of 1.6. Mortgage delinquency, when a homeowner fails to make a mortgage payment, is the first step in the foreclosure process. The percentage of delinquent mortgages in Antioch is 0.0%, which is equal to the national value of 0.0%. With U.S. home values having fallen by more than 20% from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Antioch homeowners underwater on their mortgage is 0.1%, which is higher than San Francisco Metroâ&#x20AC;&#x2122;s value at 0.0%.

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Antioch home inventory Antioch home inventory has a wide variety of options, such as pre-owned homes and brand new developments. One of the newest upcoming new home developments is Park Ridge by Davidon Homes. The prices start at $483,000. This new home community in the heart of family-friendly Antioch features eight quality-crafted single-story and two-story designs ranging from 2,078 to over 3,500 square feet. In addition to an impressive selection of included interior finishes and amenities, the homes of Park Ridge offer an array of creative room options, including additional bedrooms and baths, optional fireplaces, decks at select locations, and expanded outdoor living areas. Exterior elevations showcase the artistry of Traditional, Spanish, Craftsman and Tuscan architectural styles, and come complete with professionally designed front yard landscaping. Park Ridge is conveniently located within minutes of Highway 4 and the future Antioch BART station, with anticipated passenger service beginning in 2017-2018. Residents enjoy 57

close proximity to schools, outdoor recreation, restaurants, shopping at the popular Streets of Brentwood, and an eight-acre centrally located Community Park. With easy access to local amenities and services, along with all that the Northern California Bay Area has to offer, Park Ridge offers something for everyone and every lifestyle. BART is coming to east Contra Costa County. Construction on this exciting project has commenced and is well underway, with passenger service projected to start in 2018. The East Contra Costa BART Extension Project (eBART) will introduce a new rail passenger service comprising approximately 10 miles of new track between the existing Pittsburg/Bay Point BART Station and the City of Antioch.

Stations for the new service will be located in the City of Pittsburg and the City of Antioch. These stations will use ticket vending machines and fare gates like the current BART system.

Demographics: About 15% of the population in Antioch, CA (106,543 people) live below the poverty line, a number that is approximately the same as the national average of 14.7%. The most common racial or ethnic group living below the poverty line in Antioch, CA is white, followed by Hispanic, then African American. The largest demographic living in poverty is Female 35-44, followed by Female 18-24 and then Female 2534.

Source: https://datausa.io/profile/geo/antioch-ca/

Come out and see for yourself what Antioch is all about; you may want to call Antioch home as well. If you want to buy or sell your

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house in Antioch, contact Robin Davis from The Power Is Now Realty. You will get excellent communication and results!

NOVEMBER 2017

Robin Davis Realtor | CalBRE # 01971982

Phone: 800-401-8994 x 706 Direct: 925-565-4848 robin.davis@thepowerisnow.com www.thepowerisnow.com

IN LEGAL

2017 CALIFORNIA LAWS AFFECTING

COMMERCIAL REAL PROPERTY A

s of January 1, 2017, several laws that govern commercial real property in California were enacted. These laws aimed at establishing and maintaining a good relationship between the tenants and their landlords by ensuring that no oneâ&#x20AC;&#x2122;s rights are restricted. They also incorporate considerations for physically challenged people by making it a mandatory requirement for all real estates to be accessible by the disabled. The laws also ensure that the landlords keep their houses in good conditions and that they take all responsibilities of repairs based on the terms of agreement as stated in the lease. According to these new laws, all real estate owners or buyers must comply with the standards of Certified Access Specialists (CASp). Compliance to these acts is determined through inspection by a CASp, after which a report is issued to the landlords with recommendations on what is to be improved in their property. These laws include:

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1. The Digital Signatures and Uniform Electronic Transaction Act (UETA) In 1995, a law was enacted in California which permitted the public agencies to recognize digital signatures on documents such as contracts and permits. UETA has progressively been amended to minimize the regulations on the recognition of digital signatures. This new law completely authorizes the use of digital signatures to acquire documents on ownership of real property and other public services. However, the act does not make it mandatory for any public agency to accept all allowable digital signatures unless the agency decides to do so.

NOVEMBER 2017

2. Disability access commercial leases

disclosure

Places in California that accomodate the general public must be inspected by CASpâ&#x20AC;&#x2122;s. This is done to ensure that all real estate property complies with all construction regulations stipulated in the Act to meet all the accessibility standards for people living with disability. All the tenants and landlords must not violate requirements for access by persons with disability to the real property. All landlords must acquire an inspection report from the CASp indicating the state of compliance to this act. The CASp inspection report is not a confidential document, and the tenant has a right to be served with a copy of the report before any lease negotiations or agreement. In case the report shows that the property does not meet the required standards, the responsibility of making repairs to the property for compliance purposes lies entirely with the landlord. However, through negotiations between the landlord and tenant, an agreement can be made to either share the cost with the landlord or have a full repair performed by the tenant. It is the responsibility of the tenant to ensure that the property has been inspected by a CASp before signing the lease with the landlord. If in any case the tenant makes an agreement before obtaining a clear CASp report, any incompliance that requires repair might be upon the tenant, especially where one lacks bargaining power with their landlord.

records require progressive updates, which involves correcting errors made during the first entry, adding more information like addresses, missing names, or missing documents on certain amounts transferred as tax. However, in some circumstances this law provides room for scrutiny of the documents to prove their illegibility before re-recording is done. In general, the 2017 California Law amendments have greatly improved real property business by catering to the needs of those who live with disability by ensuring that they too enjoy equal rights with other residents. The provision of the law to all landlords requires that they must obtain a clear CASp report which acts as proof to their tenants that their houses have met all the construction regulations as stipulated by the law. This report has also helped the real estate business to grow more rapidly, since it helps tenants gain confidence in the quality of the property they buy even before signing the lease agreement. The law on re-recording of documents ensures that the information on the agreement between the tenant and the landlord is accurate and up to date. Use of digital signatures and UETA has greatly improved the efficiency of activities involved in acquiring documents and permits that one requires in the real estate business. Therefore, these new laws are of great importance to both the tenant and the landlord since they expand rights for all.

3. Re-recording of documents Transaction documents involving real property contain information that may require changes from time to time to accommodate or to include important details which might have been missing or recorded incorrectly. For this reason, such

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Other references include: w w w. m s r l e g a l . c o m /a r t i c a l / l e g a l update-new.california

IN LEGAL

NEW LAWS AFFECTING RELATORS IN 2017: BROKER ASSOCIATE SEARCHABLE INFORMATION LAW

n 2016, the California Legislature passed and the governor signed into law Assembly Bill 2330 (AB2330), adding Section 10083.2 and amending 10161.8 to the California Business and Professions Code (“B&P Code”). This law has been ratified and enforced in the new California Association of Realtors mandate, in a category of a law under the name Brokers Associate Searchable Information. This law is to take effect Jan 1st, 2018. The California Bureau of Real Estate (CalBRE) has on its website public licensee information that will indicate whether a licensee is an “associate licensee,” and if the associate licensee is a broker. On the website as well is the identity of each responsible broker with whom the licensee is contractually associated.

Verifying licensing information According to the law, data on CalBRE’s website allows the public to verify licensing information pertaining to “brokers” and “salespersons”

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that works in a business or about to start. This data enables the public to determine through an internet search who the responsible broker is for any particular salesperson attached to a real estate company. However, at the moment there is no similar reporting requirement regarding broker-associates. According to Section 10161.8 of the Business and Professions Code, the law closes this deficiency by: 1. Identifying who a broker-associate is contracted with (when not acting under his or her own license); 2. Making this information searchable by the public on the internet through CalBRE’s public licensee information; and 3. Requiring the responsible broker to immediately notify CalBRE whenever a broker-associate is hired or terminated. Technically, this law requires CalBRE to disclose on its website whether a licensee is an “associate licensee,” meaning whether the

NOVEMBER 2017

licensee is working under a responsible broker as either a salesperson or a brokerassociate. If the associate licensee is also a broker, then the CalBRE data must further identify each responsible broker with whom the associate licensee is contracted by or with. The CalBRE is in the process of developing a new form, RE 215 – BrokerAssociate Affiliation Notification, that will be used in these processes.

California Legislative Information

Public information shall not include personal information

1. Both bills are enacted and become effective on or before Jan 1st, 2017,

This same law under Section 10083.2 of the Business and Professional Code, proposed by AB 1870 under Disciplinary Action Records, states that public information shall not include personal information: home telephone, date of birth, or social security number of the “Associate Licensee.” The commissioner will only allow a post office box number or other alternate address instead. In the same section, the commissioner will provide on the internet suspension and revocation of license information issued by the Department of Accusations. This information is to remain available to customers for up to ten years. This new law also creates a process by which a licensee, upon written request accompanied by a specified fee, may request removal of a disciplinary action from his or her online profile. The removal will be done upon payment of a fee sufficient to meet costs associated with the consideration of the petition. The bureau shall maintain a list of all licensees whose disciplinary records are altered as a result of a petition approval. This list can be accessed by other licensing bodies looking for Associate Licensees.

2. Each bill amends Section 10083.2 of the Business Professions Code, and

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In the California Legislative Information, Code Section – Business and Professions Code – BPC, Division 1.5 Denial, Suspension and Revocation of Licenses [475 – 499] (Division 1.5 added by Stats. 1972, Ch 903) and Chapter 2. Denial of Licenses [480 – 489] (Chapters 2 added by Stat. 1972, Ch. 903), the bill incorporates changes to Section 10083.2 of this Code and Assembly Bill 1807 of which they become active if;

3. This bill is enacted after Assembly Bill 1807.

Conclusion: In conclusion, these changes to the California Association of Realtors will positively and greatly protect customers by providing additional information on real estate brokers, ensuring business transactions are legitimate and credible.

References h tt p : //w w w. d re . c a . g o v/ L i c e n s e e s / BusinessResources.html http://www.bre.ca.gov/Licensees/ h tt p : // l e g i n f o . l e g i s l a t u r e . c a . g o v/ f a c e s / b i l l Te x t C l i e n t . x h t m l ? _ id=201520160AB2330 http://l eginfo.l egislature.ca.gov/faces/ codes_displaySection.xhtml?sectionNum =480.&lawCode=BPC

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Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703 Fax: 800-401-8994

The Power Is Now Inc., is a Mortgage Brokerage Licensed by the State of California CALBRE License #1980407 and is not affiliated with any state or federal agency. Go to www2.dre.ca.gov for verification. The Power Is Now Inc., is also licensed by the NMLS License #1435243. Go to www.nmlsconsumeraccess.org for verification. The Power Is Now Inc., is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-401-8994. Eric Lawrence Frazier, MBA is a California Licensed Loan Originator NMLS# 461807. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

IN MORTGAGE

EVERY REGION OF U.S. SEES FEWER NEW

HOMES HITTING THE MARKET-EXCEPT ONE

he amount of completed new homes decreased month-over-month in every region of the country. Except one.

The South, which is luring companies and new residents with its low, affordable cost of living, experienced about 634,000 brand-spanking-new homes become available in July, in line with the seasonally adjusted statistics in the latest casing sales statement jointly released by the U.S. Census Bureau and U.S. Division of Real Estate and Urban Development. That is clearly a 15.3% leap from June and an extraordinary 18.5% increase from July 2016. Among the key signs or symptoms of just how many new homes will emerge on the market in the approaching a few months is the amount of permits issued to create them. Nationally, contractors received 1.223 million permits in July. This is down 4.1% from June to July, but was up 4.1% from July 2016. The real reason for the monthly drop was constructing with more than five units. The amount of these several multi-living buildings, that happen to be overwhelmingly rentals apartments incorporated condominiums, dropped 12.1% since June and further decreased 11.7% from July of the previous year.

However, in slightly better news, around 811,000 new permits were granted in July for single-family homes. Contractors received the same amount in June. The volume of new permits increased 13% from July of 2016. That does not imply that those expecting to score a fresh home should get too thrilled. The number of new homes approved but not started was down 4.8% from June, and dropped 5.6% from July 2016. Meanwhile, the amount of new homes ready for inhabitants decreased to 6.2% from June. However, there is an 8.2% upsurge in the amount of completed homes from July of the prior year. Even though the amount of finished single-family homes slipped 1.6% from the prior month, these were up 8.8% yearly. “We’re seeing sluggish but steady improvement,” Chief Economist Danielle Hale says of the in-demand-abodes. “It is important because we realize we do not possess enough homes on the marketplace.” Just do not expect those homes to come cheap. The average price tag on a newly constructed home was $310,800 in June, in line with the latest U.S. Census Bureau and U.S. Division of real estate and Urban Development data. That was about 17.8% more than the median cost of a preexisting home (one that’s recently been lived in) at $263,800 in June, in line with the latest data from the Countrywide Association of Real estate agents. The U.S. West had about 256,000 completed abodes. That is down 25.4% from the prior month and indicates an 8.9% lower level than the prior year. The Midwest experienced about 176,000 residences completed in July, down 18.1% from June but up 1.1% on a yearly basis. No more than 109,000 new homes were completed in the Northeast. That is a clear 24.3% month-over-month drop, but a

13.5% twelve-month increase. Seldom U.S. enclosure markets have gone back to pre-crisis levels. Matching to data released in August by the Countrywide Association of Real Estate Agents, property prices increased the most in the South, whereas in the Northeast prices either grew a little or declined. Predicated on median single-family home price changes over the entire year through the next quarter from the National Association of Realtors (NAR), 24/7 Wall St. examined the speediest growing (and shrinking) cover marketplaces. The Boulder, Colorado area leads the country, with home prices growing 18.5% over the entire year. Home prices are down 13.1% in the Atlantic City-Hammonton, NJ region, the most significant decline. Increasing home prices are clearly a very important thing for current owners, they and also promote the economy. Based on the “The State of the Nation’s Housing 2016,” a written report by the Joint Middle for Casing Studies of Harvard University, when home equity develops, owners spend more on do-it-yourself assignments and consumer spending rises in households. One way of measuring the market, the unemployment rate, is apparently linked with home prices. The percentage of the workforce looking for work dropped over the entire year nationally. The jobless rate dropped in all but one of the 25 fastest growing market segments, while in 9 of the 25 shrinking marketplaces, the jobless rate increased. To encourage the economic effects of a growing housing sector, the Federal Reserve has held interest levels low. The low mortgage loan rates have helped encourage homebuyers and boosted cover prices. However, home prices have increased about twice as fast as earnings within the last 12

months. Because of this and a great many other reasons, Hale pointed out that while additional equity is great for homeowners, the growing prices (and stagnant salary) make investing in a home a lot more challenging for the audience. The two most significant hallmarks of fast-growing -- and fast shrinking -- market segments are inventory levels and location, corresponding to Hale. The NAR has monitored year-over-year inventory declines in each of the past 13 weeks. That means there could be multiple offers on the same property, further increasing the initial listing price. High demand, directly proportional with low new home construction rates, are the key drivers of the reduced inventory. Demand for homes specifically in prime locations is also a significant element in home price rises. Over 50% of the 25 fastest-growing housing marketplaces can be found either in California or Florida. Hale mentioned that the favorable local climate in California has always attracted Americans seeking to relocate. The gigantic success of California’s technology industry has further increased the charm. In Florida, she added, lifestyle factors can be even more important than labor market factors, specifically for retirees. While California houses some of the country’s priciest homes, Florida’s median home prices are reasonably low even after nation-leading growth in several of the state’s real estate markets.

Reference: h t t p s : // w w w . u s a t o d a y . c o m / s t o r y / m o n e y/ b u s i n e s s / 2 0 1 6 /0 8 / 2 1 /a m e r i c a s fas tes t-growing-and-shrinking-housingmarkets/87657896/ https://www.realtor.com/news/real-estatenews/new-home-construction-july-2017/

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NOVEMBER 2017

IN MORTGAGE

HOME RENOVATION COSTS THAT ADD UP FAST:

THE NUMBERS YOU SHOULD KNOW

ome renovation costs, when added on top of the price of a residence, may well not be an easy pill to swallow. But if you are buying a fixer-upper or you relocated into your home ages ago, eventually the time may come when you will want to upgrade your house a little. And that is certain to get you pondering: Just how much will it really cost to refurbish a residence? Knowing the total cost in advance is vital, lest you end up embarking on projects that are bigger than your wallet. So, before you start picking out tile colors, check out this specific breakdown on how much your goal upgrades will cost you. reconstruction, and a trivial bathroom upgrade.

Home reconstruction costs The precise cost of revamping your livable space will rely upon its size, the area your home is in, and the amount of a face-lift it requires. To obtain a hard idea, Than Merrill, creator of FortuneBuilders.com, says the overall costs associated with a remodel appear to be as follows: Low ($25,000 to $45,000): Interior and outdoor painting, small fixes (like refinishing cabinetry), and new landscaping design. Medium ($46,000 to $75,000): The lowcost enhancements above, a total kitchen

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High ($76,000+): Low - and medium-cost updates, plus correcting foundation issues, rooftop and sewer problems.

The greatest reconstruction expenses Sure, color can play a huge part in a remodel, but gallons of semi-gloss is a drop in the bucket compared to big-ticket items for several rooms (say, your kitchen and bathroom). Bear in mind, itâ&#x20AC;&#x2122;s the kitchen appliances and units in those rooms that consume the largest chunk of

NOVEMBER 2017

money. Here are a few tips about what you will probably pay in home reconstruction charges for an average-sized house (about 2,500 square feet).

1. Vague programs at the rough-in stage

the carport. “We have many clients who desire a design that will still be in style when their kids become parents, or who are seeking to build their last home and want the overall flexibility to allow them to retire in it,” says Will Leaf of Ewert Leaf Architects. “It’s about zoning and adaptability.”

A “rough-in” is contractor talk for the first plumbing and electronic works that are completed “behind the wall surfaces.” Throughout a rough-in, electricians will run wiring to all or any of your pre-determined items – the lamps, switches, ovens – everything. “For plumbers, it is the underfoot drainage factors plus behind-the-walls normal water items that work around the wall shape.” Although some changes down the road might be okay, some elements may be too difficult – or expensive – to reposition, so an accurate up-front plan is preferable.

2. Cramped bathroom layout Freestanding baths are available in measures from 1500 mm, making them fantastic for smaller restrooms. Allow 800 mm clearance from the wall membrane parallel to the bathtub and 200 mm on either side so that it does not appear cramped.

3. Not future-proofing It’s a smart owner of a house who makes design decisions with an eye towards the near future. “We have to think in terms of the lifespan cycle of any home so that it can change with the individuals who occupy it.” This may involve incorporating another master suite into a restoration, splitting the two-story house into self-contained levels, or maybe reimagining

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4. Doing everything cheap or everything expensive “Be savvy with where you may spend and where you save,” says Lana Taylor of Three Wild Birds Renovations. “Shelling out for the right kind of benchtop can be considered a great investment, despite having a flat load up the kitchen. In another house, we do a major dressing room.” “We had our carpenter build the shape and hang up Ikea cabinet entrances which were $50 each. But after we added a lovely chandelier and an ottoman, and we received opinions from people requesting, ‘Who does your cabinets?’ Don’t do everything cheap, and do not do everything luxury and expensive.”

5. Lessening the role of task lighting You can give attention to lamps in bathrooms, kitchen areas, and studies, but, you need to take overhead and task light into consideration. “Under-cabinet light provides task lamps as long as you’re working or making use of makeup, with the reward of highlighting the intricacies of your joinery.”

6. Blowing your financial budget over a butler’s pantry Combining a butler’s pantry into a kitchen restoration can simply result in a ma jor budget blow-out. To lower costs, opt for less costly coatings in the tucked-away energy space.

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7. Getting white wrong An all-white structure is a moment go-to for a long lasting look, but to protect against a sterile space, it requires a factor of consistency - think honed marble or penny-round mosaics – to take it to life. This may be as easy as a timber vanity unity or pale greyish tiles. “If a customer wished an all-white bathroom I recommend by using a handmade wall structure tile like a subway or rectangular form to include interest,” says interior architect Sally RhysJones of Rhys/Jones Interior Structures. “They add simple texture that is absolutely beautiful when the light touches them.” The good thing – classic does not invariably mean light colorings, as Serena Elise, interior developer of White Chalk Design, uncovers. Gray, charcoal, earthy shades, and of course, the ageless pairing of dark-colored and white all defy the whims of fashion. “Try being creative and bringing out dark navy units with a light gray benchtop.”

References: h tt p s : //www. re a l tor.co m /a d v i ce / h o m e improvement/how-much-does-it-cost-torenovate-a-house/ h tt p s : //www. re a l tor.co m /a d v i ce / h o m e improvement/home-renovation-unpleasanttruths/?is_wp_site=1

NOVEMBER 2017

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IN MORTGAGE

SMART STRATEGIES TO PAY OFF YOUR MORTGAGE

WITHOUT GOING BROKE

f late, buying houses has left many of us in deep financial constraints. This is because one ends up paying interest nearly equivalent to the mortgage on a new house. So as to avoid such constraints and unwarranted inconveniences, a few renowned financial experts have come up with ways to ease the payment of mortgages. These experts have developed the following strategies to help you pay off your mortgages without going broke.

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1. Commit to any extra payment each year Just as you save one extra penny in a coin jar for that dream sports car or a vacation to an exotic part of the world, the same can be done for your mortgage. You may find that you do not have a lump sum of money coming your way; but by saving, you find yourself with it at the end of the year. By having this type of a saving plan, you would not be putting a strain in your daily lifestyle and you would also be able to shave a couple of years off your mortgage. Elise Leve, senior loan officer with Citizens Bank in New York City, states that, â&#x20AC;&#x153;Making just one extra payment a year on a 30-year loan shaves about four years off your loan.â&#x20AC;?

2. Pay an extra dollar a month An extra dollar every month can go a long way toward reducing your mortgage payment over

NOVEMBER 2017

the years. Saving an extra dollar towards your mortgage does not mean you must cut out your daily comforts – it need only mean you avoid unnecessary luxuries. For example, you may cut out the times you go out for a dinner and instead enjoy it at home. By doing so, you will reduce the interest acquired on the principle account. However, make sure you notify your bank that the extra payment should go toward the reduction of your original principal amount.

3. Refinance to a biweekly or weekly basis You may be able to talk to your bank about refinancing your mortgage into payments on a weekly or biweekly biases. The advantage of refinancing is that you end up paying extra dollars at the end of the month. For example, you might be required to pay $400 per month, but you can refinance to make a payment of $250 on a biweekly basis. By doing so, you will have ended up paying an extra $100 each month. This reduces your mortgage by the significant amount of $1,200 dollars per year.

4. Opt for a shorter mortgage term

• Are you ready to sacrifice? Many people believe they can make the sacrifice at first, only to find the mountain is higher than they expected. Most of these mortgages acquired from the banks have fine print that people do not read. There are often hidden details here that would help people become aware of the binding requirements that would help them avoid a home foreclosure or bankruptcy. • Do you have a sustainable income to maintain the higher payments? At the above point, the use of a good financial analyst would help who would advise accordingly on the types of payments required by the bank to maintain high mortgage payments. • Have you sacrificed other essentials in life? Many mortgage owners give up a lot – often, too much, using their emergency savings to pay off their mortgages, subjugating them to even more date. In conclusion, the feeling of ownership and being debt-free is a feeling that no one can underestimate. This feeling brings about a sense of independence and boosts self-esteem.

Opting for a shorter mortgage term means taking a 30-year mortgage and refinancing it to a 10- or 15-year mortage. The advantage of this plan is that you will have reduced the interest to be paid on the principal amount. This arrangement of payment requires one who is committed and ready to sacrifice so as to meet the high payment installments that come with it. This reduces the interest rate to almost half of the interest required to pay over the full 30year term. There are a few basic things one has to look into before committing to a shorter or a longer installment payment mode, including:

References: https://www.realtor.com/advice/finance/ smart-strategies-pay-off-mortgage-fast/ http://freefrombroke.com/payoff-mortgagefaster/

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IN COMMUNITY

MOVING DAY TIPS: THE BEST WAY TO PACK FOR A MOVE

oving is tough, and inevitably brings with it stress and chaos. Many people tend to go at least a little bit crazy during the process. No matter how good or organized you are, packing for a move can take longer than you have planned. Start at least a couple of weeks before moving day. Choose a room or any area of your house for packing. Keep all the things that you want to pack in this space. This can enable you to pack everything in a systematic and efficient manner.

Make a list Before you start the process of packing, it is advisable to make a list of all things that you need and donâ&#x20AC;&#x2122;t need. After you have narrowed down the list of things you will need, create a record-

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keeping system. This simple process can help you stay organized. List the contents you want to pack in each box and create a label, so that you are able to easily identify what you packed. Be specific when describing the contents of the box. This can help avoid confusion when unpacking.

Get packing supplies and moving boxes of different sizes Based on the list you had made, you will need to get packing supplies and moving boxes of different shapes and sizes. Ensure that you get strong, high-quality moving boxes so that the things you pack do not get damaged. Different types of moving boxes are available, and you can make the choice depending on your specific needs and budget. Boxes with compartments can help you organize and keep small things like jewelry.

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Proper use of boxes Avoid putting heavy stuff in large boxes. Most people make the mistake of dumping heavy things in large boxes, and this often results in the boxes breaking down. If the box is too heavy to lift, it is likely to get damaged during moving. The best way to pack for a move is to fill large boxes with light stuff and small boxes with heavy stuff.

Start packing Make a task list and organize everything to save time and energy. Pack items that you do not need first. The things that you use the most need to be packed last. Each individual item needs to be packed properly.

Keep track of packing boxes Count the total number of boxes you have packed and stacked in each room. Before you move them to a truck for moving, inspect them properly. If any box needs extra tape, add it immediately. Keep the boxes with fragile items separately. This can help prevent any kind of damage. Keep everything organized before the professional movers come to safely transport everything from the old address to the new one. Moving can be easy – even fun – if you plan everything ahead and pack things in a systematic manner.

If you are packing any delicate items like crockery, you need to be extra careful to create a cushion between each item, so that they do not break. You can make use of old clothes, newspapers, or other materials to provide cushion between delicate items. Heavy items need to be placed on bottom with light items placed on top of them. Don’t dump too many things in a box, as this can damage the contents easily. If any item needs to be disassembled, you need to do so in a systematic manner. Mark each part that has been disassembled so that you can reassemble it easily. It is advisable to keep all the parts in a single large box so that you do not have to search for things when you unpack. Start with one room and pack everything in it before you move to the next room. Stack the boxes in a neat and systematic manner. Check each room to ensure that everything you need is packed properly.

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IN COMMUNITY

READY FOR WINTER? HOW TO WEATHER PROOF YOUR HOME

inter is coming. The change in season will result in a change in temperatures, and you need to ask yourself, “Is my home ready?” One of the important things you need to understand is that the temperature outside usually does not match the temperature inside your home. Both the inside and outside of your home can take a battering during the cold winter months. Most homeowners tend to postpone the process of winterizing their home, and this can be an expensive mistake. When you insulate your home, you will be able to weatherproof it in an efficient manner.

Clean drains and gutters Don’t wait until the first snow to clean the drains and gutters. If the drains are blocked with debris, water can back up and cause it to overflow. This can result in widespread water damage to your home. Cleaning the drains and gutters reduces the risk of flooding and damage to the foundation of your home. Clean the drains and gutters of leaves, twigs, and other debris. You can choose to invest in gutter guards to prevent the leaves from piling up inside the drain. If you find cracks and gaps in the gutter, you need to get them fixed.

Insulate plumbing Cold weather can be really hard on plumbing. When the temperature falls, water in the pipes starts to freeze and the pipes start breaking. Insulation is one of the best ways to protect the pipes during the harsh winter months. Insulation will prevent the pipes from freezing and bursting. Protecting the hot pipes from thermal loss can help save on energy bills.

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NOVEMBER 2017

Assess your roof for leaks A damaged roof will lose heat during the winter, and this can push your energy bills skyward. Check to ensure that the roof is not leaking. Remove and replace any broken asphalt shingles on the roof. Fill the cracks and gaps, if any, on the roof to keep the heating cost down. Seal the attic and basement too, and fix cracks or gaps in the walls.

Fix windows and doors Heat will escape through the cracks and gaps in windows and doors. Caulking is an effective way to seal cracks and gaps. Remove old caulk before you apply a fresh coat. If the windows and doors are broken, fix them immediately. Insulate them completely to prevent the heat from escaping. Double pane windows trap the air between the panes, and this is an effective way to insulate the windows. Storm windows can provide an additional layer of protection against cold weather conditions. Draught-proof the doors and

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windows to prevent air from leaking in and out. Air conditioning and exhaust fans also need to be sealed.

â&#x20AC;˘Paint the exteriors Exterior paint is usually the first line of defense against the harsh weather conditions of winter. A good quality paint can help prevent water damage to the exterior of your home.

Check the thermostat Program the thermostat to automatically turn the heat down when you are not at home. This can help you save on energy bills. Most of these jobs can be easily completed on your own, but you will need to seek professional help if the damage to the roof, walls, doors, or windows is substantial. Walk around your home and pay attention to any kind of damage to the windows, doors, roof and drains. If you still find cracks and gaps, you need to fill them properly to weatherproof your home. This can help you keep the cold outside â&#x20AC;&#x201C; where it belongs.

BUSINESS

Frazier Group Realty, Inc. As you venture into the World of Real Estate, we can help you put the pieces together and Naviagate you into Home Ownership

Ruby L. Frazier President License #01751773

Briana M. Frazier Broker License # 01751473

Jessica E. Frazier License # 01817312

Erica L. Frazier License# 01791095

Frazier Group Realty is the right place. Our Navigators are available to give you personalized service and answer any questions you may have. You can call, email or visit us and we will be there ready to help you every step of the way. Wether you are a first time home buyer or an experienced real estate investor, here at Frazier Group Realty you gain useful information about how to choose the “right” property, and everything involved in making an informed decision in today’s real estate market.

Making Clients for Life

3739 6th Street, Riverside, CA 92501 Office: (951) 686-5261 Fax: (951) 686-5264 www.fraziergrouprealty.com

IN COMMUNITY

HOW TO RECOVER FROM A NATURAL DISASTER

he brush fires that hit many parts of California took a heavy toll on homes, not to mention taking several lives and inflicting many injuries. The damage was heaviest up north, where seven separate blazes destroyed some 5,700 structures, mostly homes.

Particularly hard-hit was Santa Rosa, where flames consumed nearly 3,000 homes, which account for five percent of the city’s housing stock. An estimated 400,000 square feet of Santa Rosa’s commercial space was also destroyed, for a total of $1.2 billion in damage for this city alone.

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In southern California, the brush fires were the worst seen in nearly a decade, but not as many homes were destroyed as in the north. In Orange County, just 24 structures, which included houses, were reported lost in the local firestorm which caused massive evacuations.

Seek FEMA’s help Recovery from natural disasters such as the recent California brushfires, can certainly be a difficult and challenging task. An initial step that residents who suffered losses or damage from fires should take is to register for disaster

NOVEMBER 2017

assistance with the Federal Emergency Management Agency (FEMA). Applications for FEMA assistance can be made online through the agency’s website.

Fire victims may also get some relief from private crowdfunding campaigns. YouCaring is one notable crowdfunding website. As of mid-October, it has already set in motion a crowdfunding campaign for fire victims in the city of Santa Rosa which has partnered with the nonprofit United Way to distribute funds after money from FEMA and individual insurance have been exhausted.

For obvious reasons, homeowners who have a quick shot at recovery from the recent fires (or any natural disaster for that matter) are those with home insurance. Recent estimates show that nationally over 90 percent of homeowners buy home insurance, and more than 40 percent of renters have their belongings insured as well. And the good news is that the insurance industry has announced its readiness to handle claims from the California fires.

File insurance claims ASAP Insured homeowners whose houses were damaged or destroyed by the recent brushfires must contact and inform their insurance agent of their emergency situation immediately. Most insurance firms now have apps for this purpose, and agents can even show up in emergency evacuation centers. The homeowners as well as renters affected by the fire need their insurance agents to walk them through the lengthy and tedious process of claims settlement, which in turn provides a platform for recovery. Fire-affected homeowners with home insurance would have a good head-start in claim processing if they are up-to-date in their policy and are well-versed on its coverage. Such could extend to living expenses incurred during the home evacuation because of the fire emergency. Records, such as photos or videos of belongings, would also help expedite claims quickly.

Choose adjusters and contractors wisely The choice of the insurance adjuster who will determine the extent of the home damage and amount of the claim to be filed is critical. Homeowners needs to make sure that the adjuster whose services they

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are hiring works or is connected with their insurance companies. Scams are common in the adjustersâ&#x20AC;&#x2122; trade, so it is best to secure and check references before hiring. Choice of contractors for the home rebuilding process is just as critical. Besides checking references, another smart tactic is to seek three contractor estimates, which should provide a fair reading of the costs involved. Additionally, for a home still covered by mortgage, it is wise to continue making its payments even as the insurance claim is under process or the residence is still being rebuilt. Being up to date on the mortgage will eliminate the possibility of losing the house to foreclosure and thus further ensure full recovery from a natural disaster.

References: http://www.latimes.com/local/lanow/la-meln-fires-20171013-story.html www. l a t i m e s .co m / l o c a l / l an ow/ l a - m e anaheim-hills-fire-20171009-story.html http://www.latimes.com/local/lanow/la-mehelp-california-fires-20171014-story.html h tt p : //w w w. s a c b e e . c o m /n e w s / l o c a l / article178625631.html http://www.abc10.com/news/local/what-toknow-about-fire-insurance/455526405 http://www.latimes.com/business/lazarus/ la-fi-lazarus-fire-insurance-20171011-story. html http://www.keyt.com/news/wildfire/fireinsurance-on-the-minds-of-homeownersafter- seein g-devas tat ing -fires- ac ro sscalifornia/636231411

IN YOU

FIVE TIPS FOR STAGING

YOUR HOME FOR THE

HOLIDAY SEASON S

elling your home during a holiday season may sound very intimidating, because you have to take a crash course in decoration techniques and somehow channel the Christmas spirit without turning potential buyers off the buying mood.

great time to impress buyers with your home. Here are a few tips to keep in mind that may help you sell your home really fast during the holiday season.

Holidays present a unique opportunity for sellers to sell their home. One thing that may be the cause of this is the fact that competition drops during the holiday season, and shoppers are usually highly motivated. Therefore, it becomes a

It is important that the design appeals to as many people as possible. This means that you should keep away from personal decorations that will mostly appeal to you and to your family members, and concentrate instead

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on the ones that appeal to your customers. Remember that less is definitely more when it comes to house decorations during the holiday times. Therefore, focus on enhancing the home features rather than concentrating too much on the bells and the whistles.

Keep the curb stunning De-personalize your decorations

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The entrance to the home should be simple but sophisticated. This means that to impress the buyers, try to expend a little creativity on the front of your home. Keep a simple color scheme that the ma jority of potential home buyers will love; also, consider using white lights, which will enhance the highlights of

your homeâ&#x20AC;&#x2122;s exterior colors. Again, do not be too extreme or too exaggerating. Use natural elements like seasonal flowers and greenery as well. Finally, add a few decorative wreaths on your doors and windows too to really spice up the outside of your home.

elegance of the fireplace. These are some of the things that you could do to bring out the best about your home and increase your chances of selling it over the holidays.

Keep it simple Lights! Lights! Lights! And more lights! It is important that that you keep a cleaner focus on your light source. When the buyers or the guests are approaching the house, you need to make sure that you have all your lights on to illuminate your home and to entice guests to come inside. If the showing is during the day, make sure that you have your curtains open to let natural light stream inside. You can also be creative when it comes to lighting. Light a few candles on the fireplace to create a cozy feeling inside.

The goal to presenting your home is to make it appear more spacious as well to bring out some of the most important characteristics of the house. A few decorations around the house would make the house absolutely stunning. But as you decorate, make sure to keep things simple; donâ&#x20AC;&#x2122;t hang every last ornament that you find to just catch the attention of the buyer. Instead, keep things simple and on to the point. If you throw an open house Christmas party, this will easily delight the spirits of your guests, encouraging them to buy your house.

Conclusion Highlight the positive features of the house Adding too many trimmings to the house may distract the buyer from their initial purpose: to buy the house. Therefore, you need to focus on a few of the houseâ&#x20AC;&#x2122;s best positive features. Also, try being creative with the holiday spirit, for example by hanging a few tasteful ornamental objects from your mantel to bring out the

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If you want to sell your home over a holiday season, you will want to pay attention to a few simple details. Make sure that the decorations are done wisely. You want to dazzle your buyers, so make sure that everything falls neatly into place. Remember, your clients may not be interested in what you have to offer if you have overdone some things, like decorations. Therefore, make sure that everything is done in a tasteful manner that will delight every potential buyer who enters your house.

Home Ownership Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own. Real Estate you own is not like cars that decay over time and you have to replace them. Real Estate you own is not like clothes that go out of style and you have to buy new ones. Real Estate you own is not like expensive vacations or experiences that only last a moment in time. Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable. Real Estate you own is not like staying at your parents house where you know can’t stay forever. Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy Home ownership is the pride of a mother nurturer and the kitchen her domain Home ownership is the pride of a father provider and protector of his territory and family. Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned. Home ownership is the place you build memories that can never be taken from you. Memories etched in walls and concrete, experienced in rooms and floors, Memories living in trees and shrubs planted by your hand. Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life. It’s the height markers on your first child’s bedroom wall. It’s the hearts drawn in the concrete slabs when you pour your patio floor It’s the birthday parties, and anniversaries in the living room and kitchen. It’s the back yard barbecue with friends, neighbors and family contentions it’s the high school and college graduation, and wedding receptions Its’ the family nights and block parties and the fellowship of family connections Home ownership It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire. It’s more than money saved, gifts recieved and grants obtained It’s more than the debt you incur to buy it. It’s more than the payments you make to own it. It’s more than the appreciation that comes with keeping it over time. It’s memories, it’s family, and it’s life that can happen in one place Until you say it’s time to move.

By Eric Lawrence Frazier MBA CA BRE 01143484 | NMLS 461807

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