Keeping Current Matters | May 26, 2022

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you.

Why You May Want To Consider a Vacation Home Today

Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed trips for personal or health reasons. If either is true for you, there could be a unique opportunity to use the flexibility that comes with remote work or the money saved while not traveling to invest in your future by buying a vacation home.

Bankrate explains why a second home, or a vacation home, may be something worth considering:

“For those who are able, buying a second home is suddenly more appealing, as remote working became the norm for many professionals during the pandemic. Why not work from the place where you like to vacation — the place where you want to live?

If you don’t work remotely, a vacation home could still be at the top of your wish list if you have a favorite getaway spot that you visit often. It beats staying in a tiny hotel room or worrying about rental rates each time you want to take a trip.”

How a Professional Can Help You Find the Right One

So, if you’re looking for an oasis, you may be able to make it a second home rather than just the destination for a trip. If you could see yourself soaking up the sun in a vacation home, you may want to start your search. Summer is a popular time to buy vacation homes. By beginning the process now, you could get ahead of the competition.

The first step is working with a local real estate advisor who can help you find a home in your desired location. A professional has the knowledge and resources to help you understand the market, what homes are available and at what price points, and more. They can also walk you through all the perks of owning a second home and how it can benefit you.

recent article from the National Association of Realtors (NAR), mentions some of the top reasons buyers today are looking into purchasing a second, or a vacation, home:

“According to Google’s data, the top reasons that homeowners cited for purchasing a second home were to diversify their investments, earn money renting, and use as a vacation home.”

If any of the reasons covered here resonate with you, connect with a real estate professional to learn more. They can give you expert advice based on what you need, your goals, and what you’re hoping to get out of your second home.

Bottom Line

Owning a vacation home is an investment in your future and your lifestyle. If this is one of your goals this year, you still have time to buy and enjoy spending the summer in your vacation home. When you’re ready to get started, let’s connect.

Realtor.com | Jun 4, 2021
During the dark days of the COVID-19 pandemic, growing plants and vegetables felt both soothing and life-affirming. It’s no wonder many people became first-time gardeners. But now that life is getting somewhat back to normal, tending those plants may have fallen by the wayside. If your garden looks like it needs some TLC this year, there’s still hope!

“Don’t be discouraged if your garden doesn’t look great right now,” says Erin Schanen, Troy-Bilt garden expert, master garden volunteer, and creator of The Impatient Gardener blog and YouTube channel. In many cases, she says, your neglected plants can be nursed back to health—but it won’t happen overnight.

If you’re game to revive your feeble flora into a thriving garden once more, read on. Here are some of the vital steps you should take.

Clear out your flower beds

Out with the old, and then in with the new, say garden experts.

“Before planting new flowers, shrubs, or vegetables, it’s important to first clear out any fall and winter debris that made its way in,” says Bailey Carson, home expert at Angi, the home improvement recommendation site.

“Clear out leaves, needles, pine cones, and weeds, in addition to any other unwanted rubbish like acorns, twigs, and moldy mulch,” adds Carson. It’s important to start off your spring garden with a clean slate—even if you have just a container garden.

And don’t forget weeds, says Schanen. The longer you wait to tackle them, the bigger the job will be, so don’t delay. 

“Dig them out with a soil knife, trowel, or garden fork so you remove the roots as well, and shake off any soil,” Schanen says.

Re-edge the area

Edging sounds more difficult than it is, but it can make a huge difference in a garden.

“Few things can make a garden come together better than a fresh, tidy edge,” says Schanen. “If you used some kind of edging material, make sure it’s well-weeded and level. If you used stones or bricks, this might mean removing them, tidying up, and replacing them.”

Carson says edging can also help to define the division between your landscape and your lawn.

“To clean up last year’s edging, a pair of edging shears might be all you need. Once this is cleaned up, you’ll be amazed at the difference,” says Carson.

Examine your plants for winter damage

Photo by Jonathan Raith Inc.

After you’ve cleaned up the place through edging, you can have a better view of what else needs to be done.

“For shrubs and trees, check for and prune away any dead leaves and broken branches or limbs. Then take some time to cut back your perennials to help promote fresh spring growth,” says Carson.

Carson says to examine your garden carefully for damage from critters. If you spot any, she says to consider building a barrier or adding some plants to your garden that are known to deter animals, such as those labeled “deer-resistant.”

“If you’re refreshing a container or window garden, this is the time to add some new plants and seeds. Strawberries, tomatoes, radishes, and hot peppers thrive in containers, but don’t be afraid to try other fruits, vegetables, herbs, and smaller-breed plants as well,” says Carson.

Fertilize your plants

Carson suggests applying an organic granular fertilizer to any landscape plants that survived the winter and to new ones you’ve added. 

“To keep the foliage safe, be sure to sprinkle the fertilizer around the base of your plants, rather than directly on them. After that, spread a preemergent weed-control product throughout the beds to stop any weed seeds from germinating,” says Carson.

Schanen says heavy feeders like clematis and hydrangea will benefit from a dose of slow-release fertilizer. As a bonus, it will feed your soil. She recommends organic fertilizers, because there is less risk of overfertilizing and burning tender new growth. 

“Apply the appropriate amount as directed on the package around the dripline of the plant you’re feeding. If you started with good soil, most perennials and shrubs won’t need much in the way of fertilizer,” says Schanen.

Make sure to water in any fertilizer or amendments, she warns. Annuals need fertilizing to keep producing blooms all season, and should be fed regularly once they start putting on growth.

Add new mulch

The final step in refreshing a garden is to apply a fresh layer of organic mulch, says Carson. Mulch smothers weeds, protects and improves the structure of soil, and improves hydration, she says.

New mulch can help flower beds look cleaned up and refreshed, Carson says. But she advises that the layer should be no thicker than 2 to 3 inches, and it should be added gradually to prevent crushing plants.

“Organic mulches that will break down and feed the soil are best for plants,” says Schanen. “This can be compost, pine straw, broken-down and shredded leaves from the previous fall, bark mulch, or even arborist chips, which are the shredded bits of branches and foliage created by arborists when trees are removed.”

A couple inches of mulch in a wide circle around the tree is plenty. 

“And remember to remove weeds before mulching. Any weeds left under mulch will quickly rebound and ruin the fresh look you worked hard to achieve,” says Schanen.


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💡 Find out if we’re the right Realtor Team for you! Check out @carealestategroup

👩 Christine Almarines @christine_almarines
Realtor DRE # 01412944
714-476-4637 | christine@carealestategroup.com

👩 Michelle Kim @michellejeankim_homes
Realtor DRE # 01885912
714-253-7531 | michelle@carealestategroup.com

Bright Days Are Ahead When You Move Up This Summer INFOGRAPHIC] | MyKCM

Some Highlights

 

💡 Find out if we’re the right Realtor Team for you! Check out @carealestategroup

👩 Christine Almarines @christine_almarines
Realtor DRE # 01412944
714-476-4637 | christine@carealestategroup.com

👩 Michelle Kim @michellejeankim_homes
Realtor DRE # 01885912
714-253-7531 | michelle@carealestategroup.com

Are you looking for something spectacular to grace your Memorial Day/Start of Summer BBQ?  Hop on over to Instagram to browse through some amazing patriotic charcuterie boards that are truly easy enough for anyone to make and guaranteed to “Wow” your family and friends!  → www.instagram.com/explore/tags/memorialdaycharcuterie

Have a blessed Memorial Day and enjoy the holiday weekend!

 

Keeping Current Matters | March 31, 2022

If you’re a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be a great alternative for you.

Here are a few reasons condos may be something you’ll want to consider.

Exploring Condos Could Add Options That Fit Your Budget

Supply challenges are a reality across the board in today’s housing market. Broadening your home search to include condos could increase your overall pool of options. Just keep in mind, condos generally differ from single-family homes in average space and floorplans.

In a recent articleBankrate covers some of these differences:

“Condos are generally more affordable because they come with less space — you likely won’t have your own backyard, for example, and the interior tends to be smaller than the square footage of a single-family home.”

But if the size of a condominium meets your needs, they could match your budget as well. Data from the National Association of Realtors (NAR) shows the difference in the median price for both housing types. For single-family homes, the median price is $363,800. And for condominiums, the median price is lower at $305,400.

So, if budget is top of mind for you, a condominium could be a great fit within your target price range.

Not to mention, buying a condo is a great way to break into the market and start building equity that can help power a future move up. The condo you purchase today may not be your forever home, but it can be a great stairstep that can help you buy your dream home later on.

Find Out if Condo Living Is Right for You 

In addition, owning and living in a condo is also a lifestyle choice. While it’s true they may be smaller than single-family homes, the amenities condos provide could be a draw for many buyers. Less space in your home might mean minimal upkeep, lower maintenance, and more time for you to spend doing the things you enjoy.

To understand if condo life is for you, Bankrate recommends asking yourself a few simple questions:

“Hate to mow the lawn and trim the hedges? What about pressure washing your driveway? Are your finances such that having to lay out $5,000 or more for a new roof will be a burden? . . . Condos tend to work best for those comfortable with most of the aspects of apartment living, minus the built-in maintenance.

Ultimately, talking with an expert real estate advisor is the best first step to determining if condo living might work for you.

Bottom Line

Condominiums are a great option for many buyers, especially those looking to buy their first home. If you’re willing to consider condos in your search, you could find something that’s in line with your target numbers and your needs. To learn more, let’s connect so you have an expert in the condo-buying process on your side.


💡 Find out if we’re the right Realtor Team for you! Check out @carealestategroup

👩 Christine Almarines @christine_almarines
Realtor DRE # 01412944
714-476-4637 | christine@carealestategroup.com

👩 Michelle Kim @michellejeankim_homes
Realtor DRE # 01885912
714-253-7531 | michelle@carealestategroup.com

🛠 Projects that add the most value at resale are the favorites of fix-it-and-flip-it professionals—and they should be high on a homeowner’s list, too. While these upgrades will not recoup all of their cost, some will come close.

🏠 The National Association of Realtors (NAR) cites wood flooring (new or refinished), kitchen renovations (new countertops and state-of-the-art appliances), upgraded bathrooms, and basement or attic conversions as projects with some of the highest return on investment, often recouping 80% or more of their cost at resale. Certain exterior work—including roofing, siding, doors, windows, refurbished decks, and energy upgrades—also delivers a lot of bang for the buck at resale.

Taste of Brea & Business Expo – Brea
Thursday, May 26, 2022, 5:00 PM – 9:00 PM

Brea’s Annual Foodie Extravaganza is here! Enjoy a delicious mix of food, drinks, and fun in Brea Downtown at the 2022 Taste of Brea®.  Come and enjoy dancing to live music with family and friends. Spend this evening strolling the Brea Downton enjoying tasty samples from our local Brea restaurants and beer/wine providers while reveling in the beautiful domain that Brea has to offer.  Got Questions? Contact the Brea Chamber office at (714) 529-3660  www.tasteofbrea.com

LOCATION:
Downtown Brea on Birch Street

 

Pouring wine at the festival

Newport Beach Wine Festival – Newport Beach
May 27-29, 2022

Sip your way through Memorial Day weekend at the 13th annual Newport Beach Wine Festival. The festival will take place at Balboa Bay Resort with multiple events each day. This beautiful waterfront setting is ideal for sipping fine wines, savoring delicious entrees, tasting craft beers and more. Learn how to cook a wine-themed meal or take the opportunity to expand your knowledge on wine characteristics and blending. See website for complete schedule of events. $65-$150 per event.  949.630.4146.  www.balboabayresort.com/nbwinefestival

LOCATION:
Balboa Bay Resort
1221 West Coast Hwy
Newport Beach, CA

 

Strawberry Festival Logo

Strawberry Festival – Garden Grove
May 27-30, 2022

The festival is a parade and carnival celebrating the city’s strawberry-growing history.  Free admission!  INFORMATION:  714-638-0981  www.strawberryfestival.org

LOCATION:
Euclid St & Main St
Garden Grove, CA

 

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Scottish Fest – Costa Mesa
May 28-29, 2022

The event features hundreds of bagpipers and drummers, Scottish and Irish food and vendors, Scottish clans, Highland dancing and traditional Scottish feats of strength like the hammer throw, putting the stone and caber toss. Part of the United Scottish Society, the festival was established in 1932 and was called a Highland Games in the tradition of Scottish heritage.  www.scottishfest.com

LOCATION:
OC Fair and Event Center
88 Fair Drive
Costa Mesa, CA 92626

 

20 Most Unique Places to Spend New Year's In California – State Bliss

Knott’s Berry Farm Military Days and Memorial Sunday Fireworks – Buena Park
May 28-30, 2022

Enjoy Memorial Day weekend with family and friends at Knott’s Berry Farm. All active, veteran and retired US Military personnel will be honored and celebrated with complimentary admission. Up to six tickets may be purchased for family and friends at a discounted rate. End your day of fun with a spectacular fireworks show that will light up the night sky on Sunday at 9:45 p.m.  F-Sa 10 a.m.-10 p.m. Sun 10 a.m.-11 p.m. See website for ticket pricing.  714.220.5200.  knotts.com

LOCATION:
Knott’s Berry Farm
8039 Beach Blvd.
Buena Park, CA

 

Laguna Hills Memorial Day Run – Laguna Hills
May 30, 2022

Celebrate Memorial Day with the City of Laguna Hills 18th annual Memorial Day run, honoring the United States Marine Corps Dark Horse Battalion. Participants can choose between a 5K, 10K or half-marathon. Runners and walkers of all levels are invited to come out and enjoy the Memorial Day festivities. After the race enjoy food from local food trucks, a beer garden and DJ tunes. 8 a.m.-11:30 a.m. Register online. 949.975.8506. lagunahillshalfmarathon.com

LOCATION:
El Toro Road & I-5 Freeway
24155 Laguna Hills Mall
Laguna Hills, CA

Keeping Current Matters | Published May 10, 2022

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyerseller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

What’s Happening with Home Prices? 

Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:

Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market.

Where Do Experts Say Prices Will Go from Here?

Experts say the housing market isn’t set up for a price decline due to that ongoing imbalance between supply and demand. In the latest home price forecasts for 2022, they’re calling for ongoing appreciation throughout the year (see graph below):

Will Home Prices Fall This Year? Here’s What Experts Say | MyKCM

While the experts are forecasting more moderate price appreciation, the 2022 projections show price gains will remain strong throughout this year. First American explains it like this:

While house price growth is expected to moderate from the rapid pace of 2021, strong home buyer demand against a backdrop of historically tight inventory of homes for sale will likely keep appreciation positive in the coming year.”

What Does That Mean for You?

The biggest takeaway is that none of the experts are projecting depreciation. If you’re a homeowner thinking about selling, the higher price appreciation over the last two years has been great for your home’s value, but it’s also something you should factor in when planning your next steps. If you’ll also be buying a home after selling your current house, you shouldn’t wait for prices to fall. Waiting will only cost you more in the long run because climbing mortgage rates and rising home prices will have an impact on your next home purchase. Freddie Mac says:

“If you’re thinking about waiting until next year and that maybe rates are higher, but you’ll get a deal on prices – well that’s risky. It may be more advantageous to purchase this year relative to waiting until 2023 at this time.”

Bottom Line

If you’re thinking of selling to move up, you shouldn’t wait for prices to fall. Experts say prices will continue to appreciate this year. That means, if you’re ready, buying your next home before prices climb further may make the most financial sense. Let’s connect to begin the process of selling your current home and looking for your next one before prices rise higher.

Hidden Costs of iBuying

Think of them as digital house flippers who scour mountains of data for typically off-market homes.

iBuying Explained
Known as iBuyers, these platforms buy houses for cash online. If the algorithms align well, homeowners who’ve submitted an online form will receive instant offers from interested iBuyers. The entire process usually takes place with no person-to-person contact. After buying the house sight-unseen (except for photos), iBuyers quickly resell, usually to other investors.

Transaction Fees
While iBuying may sound convenient, it has financial downsides. Industry experts say transaction fees can be significantly higher than in traditional home sales. Expect fee rates of around 7% of the home price, but be prepared for fee rates as high as 13%. Additionally, iBuyers most often make offers below market value.

Trust an Expert
You may think iBuyers can save you time and money. But an experienced real estate professional will work to get the best offer for your property and will be there to help find your next home.

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When Is Buying More Affordable Than Renting?

Realtor.com® nailed it when they said the U.S. housing market was in for another whirlwind year. Its 2022 housing forecast predicted continued increases in housing prices, rent and mortgage rates in “a mixed bag of housing affordability challenges and opportunities.”

We’ve heard a lot about rising housing prices over the past few years, but rents are projected to increase at a pace of 7.1% compared to 6.6% for home sale prices. The report even goes so far as to say that buying a starter home would be cheaper than renting in some of the country’s largest metropolitan areas.

Choosing whether to rent or buy is a huge decision in any market. Fear of making “the wrong decision” intensifies as the market tightens. Still, you may be surprised to find that you can afford to buy after looking at your financial picture.

Consider these advantages of buying over renting.

Homeownership Is an Investment
At the end of a lease, you’ll walk away with nothing. At the end of a mortgage, you’ll own property with equity.

Stable Payments
Rent payments can rise with every new lease you sign. A fixed-rate mortgage offers stability.

Creative Freedom
A rental property is not yours to change as you please. But when you buy a house, you have the freedom to turn it into your dream home.

When deciding to buy or rent, carefully examine your budget, and think about your lifestyle and goals. If you’re considering buying but are apprehensive about the current market, a real estate professional can help you understand what’s happening in your community.

 

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Supply Chain Issues Affect Housing Market

It’s no secret real estate values increased during the pandemic, with an unprecedented number of homes selling in bidding wars. Due to material shortages, delivery delays and cost increases, new home construction has struggled to keep up with the demand for housing. Lumber prices tripled from pre-pandemic levels, and these costs are often passed along to home buyers.

Although single-family housing starts have decreased, the number of homes under construction is actually up because houses aren’t getting finished. Besides a shortage of building materials, construction – like other industries – has experienced major labor shortages, a considerable hurdle to completing projects.

Despite current construction woes, experts predict home builders will overcome supply shortages this year, enabling them to speed up construction to meet ongoing demands for new housing. More inventory should help keep prices in check and curb last year’s sizable increases in home values.

Analysts are hoping that a gradual tapering down in housing starts may provide some relief, allowing builders to catch up with the backlog of demand.

 

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6 Home Maintenance Tips for Sellers

Routine maintenance can be just as important after you’ve accepted an offer as it is before listing your home. To keep your house well-maintained throughout the transition, Realtor.com® recommends tending to these six areas.

  1. Carefully maintain the yard and walkways. Clean out flower beds and keep the yard tidy and free from leaves and downed tree limbs.
  2. Keep your gutters cleared to prevent water damage. Check the roof before the inspection.
  3. Service your HVAC system. Check your furnace, clean out ductwork and replace filters.
  4. Keep critters out by covering any holes and vents.
  5. Wash your windows no matter what time of year it is.
  6. Keep up with the current season. Decorations for long-passed holidays and other telltale signs that nobody’s home can be a nuisance to your neighbors.

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Home Seller Tips for the Closing Process

OK, squint a little. See that? That’s the finish line, just ahead of you! After all the anxiety, hard work and waiting, you’ve almost made it to closing day. Don’t end up disappointed about a deal gone wrong because you skipped a few steps.

As annoying as it is, complete all promised repairs. No, you won’t be able to enjoy them, but they can make or break your sale. Plan to have everything finished and in working order at least one week before closing. This will allow time for any last-minute adjustments. Save receipts and invoices, and take before-and-after photos of repaired or improved items.

When flying through those closing documents, slow down when you get to the settlement statement. Check all of these numbers carefully to make sure they match what you were expecting to receive from the sale.

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©2022 The Personal Marketing Company. All rights reserved. Reproductions in any form, in part or in whole, are prohibited without written permission. If your property is currently listed for sale or lease, this is not intended as a solicitation of that listing. The material in this publication is for your information only and not intended to be used in lieu of seeking additional consumer or professional advice. All trademarked names or quotations are registered trademarks of their respective owners.

The Personal Marketing Company
11511 W. 83rd Terrace
Lenexa, KS 66214

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