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Local Postal Customer ©2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residential Brokerage office is owned by a subsidiary of NRT LLC.Coldwell Banker® and the Coldwell Banker Logo, Coldwell Banker Previews International® and the Coldwell Banker Previews International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. If your property is currently listed for sale, this is not intended as a solicitation. Sales may not represent all brokers. Based on information from the Association of REALTORS®/Multiple Listing as of September 2015 Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

From the Publisher

Talega Sales Statistics - All Inventory

was having a conversation with my Office Manager, “Ric Hernandez” about all the great things that we have going on here in San Clemente this year. The Outlets of San Clemente is close to completion and now open for business just in time for the Christmas shoppers, bringing great job opportunities for many people to work close to home. The final coastal new home project, “Sea Summit” has the models open and already selling first and second phases. Contact me if you have any questions on these homes, I stay up to date and can answer all your questions on all models with one phone call. To accommodate the traffic coming through San Clemente we have the 5 freeway widening project moving along quite well and since Talega was planned the La Pata extension, 15 years in the process, is in it’s final stages to be completed in 2016. It’s going to be really nice having four different choices to access the north bound freeway or head up to the transportation corridor off Antonio Pkwy., also another option for high school, San Juan Hills will be closer than San Clemente High School for many. 15 years building our great community, Talega is just about complete with only a handful of new homes left to sell, I am sure all homes will be completed in 2016 and Talega will be completely finished! To the right I have compiled some fantastic statistics from 2012 to 2015 for all homes sales in Talega only, giving you an exact run down on year to year specifics. I have been helping people sell, purchase and lease homes in Talega since they started construction, please contact me if you have any questions on our wonderful community! Look forward to hearing from you! Have a wonderful Holiday & Happy New Year! Todd Schiedow 949-929-1339 todds@coldwellbanker.com

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 62, up 8.8% from 57 days last month and up 8.8% from 57 days in October of last year. The October 2015 DOM was at its highest level compared with October of 2014 and 2013.

Upcoming Events

December 2015 Sun

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Local numbers for San Clemente and Talega services:

Animal Control (949) 492-1617 13

25 Merry Christmas!

Trash Services: CR&R (877) 728-0446 SDG&E (800) 411-7343 Direct SC Police (949) 770-6011 SC Fire Services (714) 573-6000

Todd Schiedow | 949-929-1339 | TalegaReporter.com | todds@coldwellbanker.com

Patrol one to safelist cars parked overnight (949) 367-8055 over 7 days (949) 448-6026

January 2016 Sun

Mon

Tue

Wed

Talega Maintenance Common area, lighting & Landscape (949)-361-8466 x1

Thu

Fri

Sat

1 Happy New 2 Year! 3

9 Talega Snow Day! 11-2:45

City of san Clemente (949) 361-8200 Rancho Santa Margarita Water (949) 459-6400

SC Emergency Planning (949) 361-6109 SC Water & Sewer Emergency (949) 361-8315

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Talega Sales Statistics Cont.

Place an ad in upcoming issues! REACH TALEGAâ&#x20AC;&#x2122;S 4,011 Residents & Businesses! Direct Mailed!

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Talega Real Estate

Market Active Listings as of 11/30/2015 Builders Tract Name Alassio (ALAS) Santalana (SANT) Trinidad (TRIN) Alassio (ALAS) Solana (SOLA) Carmel (CARM) Carmel (CARM) Seagarden (SEAG) Carmel (CARM) Amalfi (AMAL) Solana (SOLA) Carmel (CARM) Wavecrest (WAVE) Sabella (SABE) Vittoria (VITT) San Lucar (SANL) Sabella (SABE) Seaside (SEAS) Portofino (PORT) Escala (ESCL) Caprizi (CAPR) Caprizi (CAPR) Vittoria (VITT) Terra Linda (TERL) Sandbridge (SAND) Sandbridge (SAND) Portomarin (PORM) Catania (CATN) San Rafael (SANR) Sandbridge (SAND) Bella Vista Sandbridge (SAND) Bella Vista Stella Mare (STLM) Stella Mare (STLM) Stella Mare (STLM) Stella Mare (STLM) Stella Mare (STLM) Stella Mare (STLM) Sandbridge (SAND) Alora (ALOR) Carillon (CARL) Carillon (CARL) Sandbridge (SAND) Cazadero (CAZA) Pacifica -Talega (PACF) Alora (ALOR) Catania (CATN) Mirador (MIRD) Carillon (CARL) Montellano (MONO) Alta (ALTA) Montellano (MONO) Montellano (MONO) Alora (ALOR) Alta (ALTA) Alta (ALTA) Careyes (CARY) Careyes (CARY) Alta (ALTA) Lucia (LUCI) Lucia (LUCI)

ST# 4 152 18 57 27 3 4 51 80 3 24 6 12 15 64 16 13 10 23 4 18 25 16 205 4 18 44 15 308 9 20 15 16 92 15 17 23 82 28 31 15 28 36 51 40 414 20 27 20 27 31 15 8 12 16 17 32 67 11 22 47 40

Street Name Paseo Del Rey Paseo Vista Calle Centello Paseo Verde Calle Boveda Avenida Cristal Calle Regio Corte Pinturas AVENIDA CRISTAL Via Marin Camino Azulejo Avenida Cristal CORTE SAGRADA Paseo Canos VIA ARMILLA Via Destino Via Cuenta Nueva Calle Cangrejo Calle Portofino Corte La Cereza Via Balcon Paseo Carla Via Armilla Calle Botanico Corte Rivera Corte Rivera Via Regalo Via Inca Via Los Tilos Corte Tallista Calle Altea Corte Sevilla Calle Altea Via Regalo Via Andaremos Via Jubilar Via Timon Via Regalo Via Timon Camino Lienzo Calle Loyola Calle Mattis Calle Mattis Camino Lienzo Calle Loyola Camino Bandera Via Lampara Via Soria Calle Gaulteria Via Torina Calle Vista Del Sol Calle Tamara Calle Angelitos Calle Angelitos Via Paulina Calle Tamara Calle Tamara Calle Careyes CALLE CAREYES Via Carina Via Conocido Via Conocido

BR BTH SqFt 2 3 1211 3 2 1298 3 3 1900 3 3 1668 3 3 1690 3 3 2380 3 2 2043 3 2 1955 3 2 2014 4 3 2369 4 3 1972 3 3 2550 2 2 1747 3 3 2088 5 3 2750 4 3 2448 3 3 2351 5 3 2705 4 3 2832 4 3 2478 4 3 2471 3 3 2427 5 3 3293 5 3 2702 2 2 2401 3 2 2692 5 3 3000 4 4 2873 5 5 3536 3 2 2826 4 3 3556 2 2 2699 4 3 3534 5 5 3625 6 5 3889 5 4 3218 4 4 3740 4 4 3218 4 4 3293 2 2 2841 5 6 3949 5 5 3862 5 5 3641 3 2 2692 5 4 3850 5 5 4372 5 6 4287 5 5 3833 5 6 4706 4 4 3484 5 5 4300 4 5 4570 5 6 4686 5 6 4766 5 6 4287 5 6 5336 5 6 5139 5 6 4689 5 6 5290 5 6 5336 5 6 5777 5 6 6070

$SqFt 342.69 412.17 304.74 356.71 411.24 293.7 342.14 370.84 367.38 320.77 385.4 304.27 457.21 382.66 301.45 342.12 361.55 317.56 303.64 350.69 351.68 362.55 269.66 333.05 378.97 343.61 311.67 330.63 271.21 345.01 274.18 366.43 282.4 302.07 289.28 353.95 307.49 369.42 363.8 422.03 303.62 320.82 348.78 479.2 337.4 297.35 303.24 345.68 292.18 400.66 344.19 350.09 341.44 351.34 402.15 337.31 361.92 404.99 373.35 431.02 414.58 407.74

Lot Sz N/A 1298 N/A 1668 3747 N/A 2043 N/A 2014 3977 6058 N/A 4281 4011 6133 4798 3939 4368 6870 7950 5149 5086 6543 5179 7433 5702 5079 10176 6377 7192 6286 6363 4626 6167 7185 5584 7732 6405 6912 6411 9130 9196 7856 6038 5449 7061 8241 5489 9418 6698 11224 8753 11101 10393 8241 8388 13838 10454 9346 9794 14020 17254

List Price Curr. Price DOM 415000 415000 54 535000 535000 34 579000 579000 45 594999 594999 7 695000 695000 9 699000 699000 428 730000 699000 73 725000 725000 32 799000 739900 112 789000 759900 74 774900 760000 30 775900 775900 20 825000 798750 32 799000 799000 22 845000 829000 47 875000 837500 39 850000 850000 20 859000 859000 36 879900 859900 57 869000 869000 80 869000 869000 36 899900 879900 45 1090000 888000 121 925000 899900 39 909900 909900 13 939000 925000 146 949900 935000 116 990000 949900 96 979000 959000 76 1050000 975000 140 995000 975000 101 989000 989000 10 1048000 998000 117 1159000 1095000 82 1125000 1125000 12 1139000 1139000 40 1225000 1150000 105 1188800 1188800 33 1198000 1198000 48 1199000 1199000 20 1999000 1199000 10 1239000 1239000 105 1143900 1269900 183 1290000 1290000 21 1399000 1299000 681 1350000 1300000 140 1300000 1300000 10 1325000 1325000 23 1375000 1375000 35 1397900 1395900 191 1499000 1480000 96 1635900 1599900 176 1600000 1600000 120 1674500 1674500 51 1724000 1724000 157 1801900 1799900 139 1769900 1859900 96 1899000 1899000 11 2050000 1975000 230 2339900 2299900 147 2395000 2395000 99 2695000 2475000 175

Looking for Homes

All Cash Buyers! Close in 15 days or less! Distressed need help to get your home SOLD quickly, We will purchase your home in “As Is” condition, ALL CASH. Contact Todd today at 949-929-1339 or todds@coldwellbanker.com.

Pending Sales as of 11/30/15 Builders Tract Name Pacifica Summit (PACS) Mirador (MIRD) Carillon (CARL) Careyes (CARY) Carillon (CARL) Carillon (CARL) Escala (ESCL) Verano (VERA) Vizcaya (VIZC) Farralon Ridge (FARL) Alta (ALTA) Alassio (ALAS) Vittoria (VITT) Alassio (ALAS) Carillon (CARL) Farralon Ridge (FARL) Trinidad (TRIN) Amalfi (AMAL) Carillon (CARL) Carillon (CARL) Solana (SOLA) Caprizi (CAPR) Pacifica -Talega (PACF) Sabella (SABE)

ST# Street Name BR BTH List Price 16 Calle Anacapa 3 3 1319000 11 Via Divertirse 5 6 1349000 29 Via Torina 5 5 1596900 7 Calle Careyes 5 6 1435000 30 Calle Mattis 4 4 1135900 38 Calle Mattis 5 5 1212900 16 Calle Frutas 4 3 779500 32 Via Carmona 3 3 559500 18 Corte Vizcaya 5 6 1716000 469 Camino Flora 4 3 725000 19 Calle Tamara 5 6 1699900 62 Paseo Rosa 2 3 437400 12 Via Durango 4 3 899000 108 Calle Campanero 2 3 459900 19 Via Franca 4 5 1150000 118 Corte Tierra Bella 4 3 799000 43 Avenida Brio 3 3 560000 2 Via Huesca 3 3 759000 42 Via Torina 5 6 1369000 17 Via Franca 5 5 1199900 39 Camino Azulejo 4 3 729000 25 Via Canero 4 3 879900 300 Camino Mira Monte 4 4 1079000 55 Calle Akelia 4 3 799000

Real Estate Update Provided By

SQFT 2800 4400 3844 4988 3484 3844 2300 1762 5000 2399 5139 1395 3003 1395 3762 2170 1625 2463 4175 3641 2480 2583 3627 2351

$SqFt 471.07 306.59 415.43 287.69 326.03 315.53 338.91 317.54 343.2 302.21 330.78 313.55 299.37 329.68 305.69 368.2 344.62 308.16 327.9 329.55 293.95 340.65 297.49 339.86

Lot Sz 12471 10733 9281 10454 8233 5989 4299 N/A 12240 9649 9786 1356 6037 N/A 7113 6018 N/A 6085 7806 7974 4340 7133 7430 4564

Recent Sales 9/1/2015 to 11/30/2015 DOM 197 224 145 88 56 31 135 106 105 89 43 70 69 70 66 20 47 53 54 30 50 45 28 26

Builders Tract Name Trinidad (TRIN) Alassio (ALAS) Verano (VERA) Verano (VERA) Alassio (ALAS) Santalana (SANT) Santalana (SANT) Santalana (SANT) Verano (VERA) Verano (VERA) Trinidad (TRIN) Seagarden (SEAG) Solana (SOLA) Solana (SOLA) Farralon Ridge (FARL) Amalfi (AMAL) Farralon Ridge (FARL) Waterleaf (WATR) Pacifica -Talega (PACF) San Lucar (SANL) San Lucar (SANL) San Lucar (SANL) Seaside (SEAS) Caprizi (CAPR) Portomarin (PORM) Miraleste (MIRA) Vittoria (VITT) San Rafael (SANR) Ravenna (RAVE) Mirador (MIRD) Catania (CATN) Catania (CATN) Cantabria (CATA) Carillon (CARL) Cazadero (CAZA) Miraleste (MIRA) Ravenna (RAVE) Cazadero (CAZA) Carillon (CARL) Mirador (MIRD) Mirador (MIRD) Alta (ALTA) Alta Alora (ALOR)

ST# 9 36 23 43 403 150 50 72 11 56 11 43 16 1 114 11 484 5 2 15 19 6 4 17 45 4 43 517 22 17 42 27 40 21 15 13 13 38 13 20 16 35 22 18

Street Name Avenida Brio Paseo Rosa Via Almeria Via Almeria Calle Campanero Paseo Vista Paseo Vista Paseo Verde Via Villena Via Villena Camino Celeste Corte Pinturas Corte Pasillo Calle Tejado Corte Tierra Bella Via Santander Camino Flora Camino Botero Via Abajar Via Abajar Via Abajar Via Abajar Calle Guijarro Via Agradar Via Regalo Via Abrazar Via Armilla Via El Risco Corte Jaime CALLE AVEITUNA Via Cartama Via Jacobea Calle De La Luna Via Lucena Corte El Brazo Via Abrazar Via Nerisa Calle Loyola Via Franca Calle Aveituna Via Divertirse Via Alcamo Via Alcamo Via Paulina

BR BTH 2 2 3 4 2 2 2 2 3 4 3 3 3 3 3 3 3 3 3 3 3 3 2 2 3 3 3 3 3 3 3 3 3 3 2 2 4 3 5 4 4 3 4 3 4 3 4 3 4 3 5 3 5 4 5 4 4 4 5 6 5 5 5 4 5 4 5 6 5 5 4 4 4 5 5 5 5 5 5 6 5 6 5 6 5 5 4 5

SQFT 1367 1489 1351 1325 1484 1634 1650 1686 1724 1724 1876 1957 1700 1700 2020 2136 2020 2055 2350 3071 2615 2513 2505 2450 2882 2968 3376 3552 3955 4473 3756 3500 3512 3928 3990 3313 3955 4158 3641 4500 4631 5300 5068 3949

$SqFt 288.42 275.35 314.58 326.79 296.5 322.52 320.61 329.18 324.83 327.73 311.3 329.59 400 402.94 346.04 334.74 361.39 385.52 344.68 268.64 315.49 338.24 343.31 359.18 307.08 316.71 288.51 275.9 265.49 240.33 288.87 311.43 318.34 290.22 285.71 347.12 297.09 284.99 329.58 266.67 275.32 259.45 311.76 415.3

Lot Sz N/A N/A 1351 N/A 43560 1700 1650 N/A N/A 1724 N/A N/A 5123 7980 4944 4147 4234 7918 6700 4805 4781 7074 8413 4800 7876 5279 4810 6678 6403 7832 6342 6286 9135 6194 7719 10006 7248 7841 8750 7915 10342 8433 9383 9130

Coto De Caza List Price Sale Price DOM 375000 394264 173 424999 410000 64 440000 425000 46 449000 433000 65 500000 440000 107 549000 527000 208 529000 529000 153 575000 555000 26 569000 560000 128 569000 565000 114 589000 584000 51 670000 645000 102 688000 680000 53 685000 685000 52 699000 699000 145 685000 715000 225 745000 730000 35 825000 792250 39 838888 810000 62 829000 825000 110 830000 825000 23 859000 850000 21 899000 860000 56 898000 880000 58 899000 885000 41 959000 940000 35 989000 974000 131 1035000 980000 186 1179000 1050000 147 1125000 1075000 68 1099000 1085000 66 1090000 1090000 42 1135000 1118000 187 1169000 1140000 83 1195000 1140000 168 1150000 1150000 38 1199000 1175000 73 1199000 1185000 53 1235900 1200000 114 1289000 1200000 78 1395000 1275000 63 1389000 1375110 196 1595000 1580000 106 1699000 1640000 110

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Thinking about Moving? Planning on selling or buying in the future and want to keep up with the current market values and new homes within your parameters? We can help by setting up an auto email to be sent to you weekly / monthly within your home parameters Selling & Buying. Send an email to todds@coldwellbanker.com or go to TalegaReporter.com and complete a sellers / buyers request form, please make sure to include any renovations or changes to the floor plan and sqft., also timeline on when you would like to move and if you plan on purchasing in Talega or OC, please forward your new home purchase parameters. When you are about 30 days from wanting to put your home on the market please let us know and we can meet to finalize a plan.

City of San Clemente Hospital and Legislative Update City of San Clemente Pubic Forum called for December 9, 2015 12.2.15…San Clemente, California… At the November 3, 2015 City Council meeting, the Council directed staff to prepare a rezone and General Plan amendment to ensure that the current hospital property is zoned only for the essential hospital purpose it was designated for when purchased by Saddleback Memorial Care in 2007. State zoning law gives the City the ability to review and update its zoning laws to make sure that they protect the public peace, safety, and welfare, including public health and quality of life. Additionally, staff was directed to send Memorial Healthcare a letter requesting they provide data on Saddleback Memorial Care San Clemente Campus’s financial standing, and to request a meeting with its Board of Directors to continue discussions to benefit the citizens of San Clemente. At that same Council meeting, the City Council also directed staff to review the opportunity of seeking potential hospital suitors that may be interested in coming to San Clemente. City Manager's Office 100 Avenida Presidio San Clemente, California 92672 (949) 361-8322 FAX 361-8283 55452.01100 \ 21970235.1 Clemente to provide hospital and emergency department services. The City will be meeting with those the potential suitors in early December of 2015. When the City of San Clemente became aware of the potential closure of the Saddleback Memorial Care San Clemente Campus in late 2014,

the City took immediate steps to understand the impacts, seek community input, involve stakeholders and seek plans to mitigate this potential impact to the City. The City conducted a series of public meetings with the Saddleback Memorial San Clemente Hospital Advisory Committee. This Advisory Committee recommended seeking legislative relief to authorize a satellite Emergency Department. Thus, Assembly Bill 911 (Brough) and Senate Bill 787 (Bates) were introduced. The City of San Clemente hired the Sacramento lobbying firm of Aprea & Micheli to immediately begin seeking legislative support for these bills. These bills eventually were referred to an interim study for further review. In September of 2015, members from the Assembly and Senate Health Committees conducted an onsite tour and had a series of presentations made by various stakeholders at the San Clemente Hospital to better understand the unique situation facing San Clemente. This tour was very beneficial to understanding the needs of San Clemente as it related to pending legislation. As a part of its commitment to the residents of San Clemente, the City Council has begun taking additional steps to explore other alternatives to ensure the community’s healthcare needs are met. These alternatives do not include increasing taxes on San Clemente residents. San Clemente City Council will be hosting a Healthcare Workshop on December 9th from 4 pm – 6 pm in the San Clemente Community Center Auditorium located at 100 N. Calle Seville. It will be comprised of local government officials and their representatives and various stakeholders to discuss the current legislation.

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Los Angeles Hollywood Bowl Greek Theatre Pantages Theatre Dorothy Chandler Pavilion Ahmanson Theater Mark Taper Forum Nokia Theater Royce Hall—UCLA Geffen Playhouse LA Philharmonic

San Diego Qaulcomm Stadium Civic theater Convention Center Petco Park Speckels Theater

Las Vegas Celine Dion Jennifer lopez Britney Spears Cirque du Soleil (8 different)

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PROTECT YOURSELF FROM EL NINO FLOODING On a Sunday morning in 1941, the radar officer saw a large blip and warned the Lieutenant in command. The Lieutenant replied, "Don't worry about it." I am now going to be your radar operator so please listen before you say don't worry about it! El Nino happens every few years when the water along the equator is warmer than average. This warmer water creates weather patterns that increase rain and snowfall for us in California. Sometimes the effects of an El Nino are hardly noticeable, other times, like the El Nino Experienced in the fall and winter of 97/98, massive storms raged over Southern California causing millions of dollars of property damage. During this El Nino, the water temperature was 4 degrees warmer than usual. Currently the water along the equator is 5 degrees warmer than it should be. Better grab those rain boots! There is currently a 95% chance that we will have heavy El Nino storms for fall 2015 and winter 2016. This will cause flooding, mudslides, roof leaks, road closures, and major structural damage in California similar to that experienced in 97/98. So now that we know it is coming, how can you prepare for it? First look at getting flood insurance for this coming fall and winter storm season. Review your policy, I bet you do not have flood coverage for water coming from the outside. Call your agent and get yourself covered as soon as possible. Now that the paperwork is done, lets get to work on the property itself. Inspect and repair your roof. Make sure no debris is obstructing any valleys or scuppers and clean out the gutters for proper drainage. Have all known roof leaks repaired now before the roofers become too busy to even provide you a tarp. Now that we have the roof covered, lets go over the landscaping. If you have landscape drains, make sure they are working by flushing them out. Review the drainage on your property, is there anything blocking the exit of a lot of water? Did you put a planter box in the way of the water's exit path? Is the location of the trash cans going to create a dam and flood your family room? Now that you have reviewed and protected the outside, let's go inside. Make sure all doors and windows are all sealing and closing correctly. Any old weather stripping, replace with new. Move any valuable items away from possible problem areas. In the event of a major mudslide, the entire downstairs could be a mud pile. Better to move all memorable valuables upstairs now before the flood happens. Now that we have reported to you that we have a big blip on the radar, don't make the same mistake of the Lieutenant during the Pearl Harbor bombing in 1941. Act now and protect your property from oncoming storms. After you have made sure you are insured and have taken action to protect your property you may still be flooded. If you are flooded, have KADE Restoration come out as quickly as possible. Put this number in your phone for future use in case you have to wrestle with an El Nino flood: 949-366-3330. KADE Restoration will stop further damage from happening to your property, save you money, and save your home.

KADERESTORATION email: kirk@krestore.com | C: (949) 212-1346 | O: (949) 366-3330 In KADE Of Water Damage, Call Now!

Insider Investing 2015 Tax Tip The details of the new tax change are expected to be released in the coming weeks, but what we do know is that the government effectively raised the deductible amount of depreciable assets from $500 to $2,500. As such, when investors make improvements to properties or buy assets for the rentals, we may be able to take an immediate tax deduction instead of needing to depreciate it over many years. The net result is a potentially larger tax write off in 2015 to generate a higher tax refund. Let’s go over an example. Let’s assume Tom is a real estate investor who owns several rental properties, which are single family and multi-family units. In 2015, Tom made some improvements to his single family rental and incurred $2,000 for new cabinets and another $2,500 for new kitchen appliances. Before the new tax change, all of the money that Tom spent above would generally need to be depreciated over many years. Instead of deducting the entire $4,500 spent on cabinets and appliances, it would generally be depreciated over a 5-year period. However, as a result of the new tax change, Tom may now be able to deduct the entire $4,500 spent on cabinets and appliances to reduce 2015 taxes. Let’s assume that Tom’s tenants in the multifamily have been complaining about the old washers and dryers in the units. Tom was on the fence about replacing the old appliances because he knew it would be a large cash outlay. Tom was thinking about purchasing 50 washers and 50 dryers for $800 each. However, based on the old tax rules, Tom would generally need to depreciate the $80,000 asset purchases over 5 years, which delays his tax write-off. With this new tax break, Tom is now able to potentially deduct the entire $80,000 of appliance purchases immediately in 2015 because each item is under the $2,500 threshold. Assuming that Tom is in the 40% tax bracket between federal and state income taxes, the new tax change can result in $84,500 of IMMEDIATE tax deductions increasing his refund by close to $34,000!

Significant Tax Savings As you can see, for those of us who invest in real estate, this can result in significant tax savings for the 2015 year. The great thing about this tax change is that unlike a lot of other tax perks, this may be available for all business owners and investors, regardless of their income level. What is even better is that although the new change is official as of November 23, 2015, the benefits may be applied retroactively back to 2012. This means that for some taxpayers, this may be an opportunity to file amended tax returns to claim refunds on taxes paid previously. So what does this mean for you? If you have not done so yet, be sure to touch base with your tax advisor before December 31st to determine the best way for you to take advantage of this new tax break from Uncle Sam.

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Adopt a wonderful doggie for your family this Holiday Season!

Mortgage Update Buyers & Sellers Webinar! January 30th 5:00pm See Below

949-240-3880 Call Today for a Free Rate Qoute!

Fannie, Freddie Loan Limits to Rise in 39 High-Cost Counties On December 2nd, the Federal Housing Finance Agency said conforming loan limits for mortgages purchased by Fannie Mae and Freddie Mac will remain at existing levels except in 39 high-cost counties. The current loan limits are $417,000 nationwide and $625,000 in high-cost areas. The limits will rise in 2016 in 11 counties in Colorado, five in Massachusetts, two in New Hampshire, four in California, 14 in Tennessee and three in Washington. In California, Napa County's loan limits will be the highest in 2016 at $625,500, followed by San Diego County at $580,750 and Sonoma County at $554,300. Colorado will see the highest increases in 2016, up $34,500 to $458,850 in 11 counties including Denver and Boulder. The FHFA, the regulator of Fannie, Freddie and 11 Federal Home Loan Banks, sets higher loan limits in high-cost counties as a function of area median home values. The FHFA kept loan limits unchanged in most of the country after determining that the average U.S. home value of $207,051 in the third quarter still remained below the $215,083 average in the third quarter of 2007. Current interest rate update (as of 12/1/2015): Conventional ($417,000 or lower) 30yr fixed: 3.75% (3.84% APR) 15yr fixed: 3% (3.09% APR) 5/1 ARM: 2.75% (2.58% APR)

Conventional High Balance ($417,001 ‐ $625,500) 30yr fixed: 3.875% (3.994% APR)

FHA (3.5% down minimum down payment) 30yr fixed: 3.25% (3.71% APR) 5/1 ARM: 2.75% (3.19% APR)

FHA High Balance ($417001 ‐ $625,500) 30yr fixed: 3.375% (3.79% APR) 5/1 ARM: 2.875% (3.27% APR)

VA (0% down) 30yr fixed: 3.25% (3.31% APR) 5/1 ARM: 2.75% (2.52% APR)

VA High Balance ($417,001 ‐ $700,000) 30yr fixed: 3.375% (3.51% APR) 5/1 ARM: 2.75% (2.84% APR)

15yr fixed: 3.125% (3.26% APR)

5/1 ARM: 3% (2.854% APR)

Jumbo ($625,501 ‐ $2,500,000) 30yr fixed: 3.875% (3.96% APR) 5/1 ARM: 2.75% (2.63% APR)

RENT VS BUY RENT:

BUY:

Property characteristics: 3 bed, 2.5 bath, 1840 sq. feet Condo in San Clemente.

Property characteristics: 3 bed, 2.5 bath, 1559 sq. feet Condo in San Clemente.

Currently offered at $3250 per month

Currently offered at $524,900. Details of loan: Down payment: $52,490 Loan amount: $472,410

Rent disadvantage: 1) No Tax deduction 2) No property appreciation earned 3) Pay Landlords mortgage

Payment: Principle & Interest: $2255.36 Insurance: $50 Tax: $437 Mtg. Insurance: $232 HOA: $240 Combined payment: $3214.36

Pete Lopresti President / Owner NMLS# 226471 949-240-3880 Pete@rescomfs.com

Homeownership advantages: 1) Ability to write off interest and property tax. Your after tax payment will be much lower than renting. 2) The opportunity for property appreciation. 3) Your loan amount decreases every month, gained equity! 4) No Land Lord! 5) Can renovate home, because you are the owner. 6) The American Dream!

BUYERS & SELLERS WEBINAR - January 30, 5:00pm Start the New Year by having the knowledge to buy your first home or next home, seamlessly selling and buying concurrently! Todd Schiedow & Pete Lopresti with over $1.0 Billion in combined closed transactions and 35 years of experience!

Go to www.talegareporter.com to sign up