Logan gets a stitch(es) in time

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My youngest son Logan showing-off his battle scar.

Have you noticed how toys are packaged these days?! It's funny because I have been saying for years how toy companies are really creating a legal liability issue for themselves by their method of packaging toys.

Well, finally it happened. My youngest son, Logan, was using a swiss knife to open one of these 'bank-vault' toy packages and he cut his index finger. Needed three stitches at Urgent Care.

No, I'm not going to sue but I can't help but think this happens more often that people realize.

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The Real Estate Market is Heating Up

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It's starting to look like the national media might have finally gotten it right!

CNBC reported that in January clicks to the major real estate websites (Zillow, Trulia, Realtor.com) were up 13% over last year (without a tax credit) and that would be an indicator of a strong buying season.

But did that translate locally? Apparently so!

The numbers are in for March and closed sales in our "golden triangle" are up 36% (862 to 1175). Interestingly enough that is only 6% lower than March of 2010 when the first time home buyer tax credit was in full swing. Very impressive.

Every city in our area experienced an increase in closed sales (except Winchester which was down from 39 to 38).

Some of the big winners:
Temecula - +51% (124 to 187)
Murrieta - +61% (137 to 221)
Lake Elsinore - +56% (86 to 134)
Hemet - +33% (117 to 156)

The average home price only decreased $180 (triangle wide) and Hemet actually increased 9% ($106,410 to $116,064).

So what does it all mean?

The market is performing as it always has. Sales are down in January and February and then things start to heat up along with the weather.

Hope you have a great weekend. Call me if I can help you with anything at all.

Ken
951-760-3833

P.S. I’ll be hosting an open house again this Saturday and Sunday from 1 pm – 6 pm at 33052 Tulley Ranch Rd, Temecula (Vail Ranch).

The deadline for offers is Friday, April 22nd. Let me know if you know anyone who may be interested in this property. We just got the price from the bank: $199,000! That’s an awesome price for a fully remodeled home in the city of Temecula.

Ken Hall Properties

KEN'S BLOG

Ken's Credit Repair Testimonials

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Austin gets his first stripe

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My middle son, Austin, getting his first stripe in Gracie Jiu-Jitsu. Pictured with his instructor, Black Belt and Pan-American champion Ricardo Guimaraes.

GRACIE TEMECULA

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It’s Official: Buying is now cheaper than renting throughout the entire Temecula Valley

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This is amazing.

I’ve put together a spreadsheet that shows the rent – vs – buy comparisons for the cities that make up the Temecula Valley area.

The monthly mortgage payment is based on the state down-payment assistance program (Cal/HFA) which has a below market interest rate of 4.25% and requires a down payment of only 1% (and some closing costs).

The down payment and closing costs may also be ‘gifted’ to the homebuyer by parents, relatives or anyone else for that matter but it has to be in the form of a ‘gift’ not a ‘loan.’

To check it out, click on:

Click on RENT -VS- BUY


Hope you have a great weekend. Call me if I can help you with anything at all.

Ken

951-760-3833

Click on: KEN'S CREDIT REPAIR TESTIMONIALS

Click on: KEN'S PROPERTIES


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The Lurking Vampire … Mello-Roos

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I have a client who has been pre-approved for $180,000 and is looking at two homes.

House #1 - He is considering an offer at $180,000

House #2 - He is considering an offer at $184,000

The difference in sales price is equal to only about a $20 per month difference in the monthly payment. But guess what? The actual difference in payment between these two homes is over $300 per month!

Do you know why?

One property has incredibly high Mello-Roos/Special Assessment property taxes and the other property does not … and these two properties are less than a mile apart!

This is something most agents and even many loan officers are completely oblivious to and never bother to check. They just tell the buyer, “Oh, the county property tax rate is 1.08%.”

Sure it is, but that doesn’t include the Mello-Roos. In my book, taxes I have to pay are … well, taxes-I-have-to-pay. I don’t care how they’re dressed-up or what name they’re called.

So for the misinformed and unsuspecting homebuyer: They buy the home of their dreams thinking their monthly payment is $X. Then, six months later they get hit with a supplemental tax bill for an additional $3,000!

Next, they get a letter from the mortgage company informing them that their monthly payment is going up by $250 per month in order to balance their impound account!

Not cool!

Moral of the story? I will NEVER let that happen to you or to those you refer.

Hope you have a great weekend and please call me if I can help you with anything at all.

Ken
951-760-3833
KenAHall@gmail.com

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Harvestion in Temecula! 5 bedrooms, 4 baths, 3,311 Sq Ft

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This is our newest bank-owned property in the beautiful planned community of Harveston in Temecula.

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Bank-owned!! Harveston Community!! Cul-de-sac!! 5 bedroom, 4 full bath

Price: $329,000 - $359,000

Property Type: Single Family Residence/D
Bedrooms: 5
Bath(F,T,H,Q): 4,0,0,0
Sqft/Source: 3,311
Sqft Lot/Source: 7,405

Cross Street: Harveston and Margarita
Stories: Two Level
Year Built: 2005


Bank-owned!! FULL REMODEL IN PROGRESS! Fast close of escrow!! Harveston Community!! 5 bedroom, 4 full bath 2 story home on a cul-de-sac. Built in 2005, 7,405 lot square feet. $142 monthly HOA dues. 3 car attached garage with direct entry to home. Too many upgrades.

Harveston is a wonderful world of amenities including a large lake, boats, parks, walking trails, a sports park, splash park, community pool, banquet facilities, and more. Close to schools, shopping, both 15 and 215 freeways, casino's, golf, and more. It doesn't get much better than this! Hurry!


************ LOW CREDIT SCORE OK!! **************

********** I WILL ELIMINATE YOUR BAD DEBTS AND RAISE YOUR CREDIT SCORE!! **

************ BUY THIS HOME WITH ONLY 1% DOWN PAYMENT WITH HUD DOWN PAYMENT ASSISSTANCE PROGRAM!!! **************

************ OR 100% FINANCING WITH YOUR VETERAN'S ADMINISTRATION ELIGIBILITY!!!


************ APPOINTMENT ONLY *************

************ NO AGENTS PLEASE! ************



Contact: Ken Hall at 951-760-3833


Check out a few of the many folks we've helped! Click on From Debt To Prosperity www.FromDebtToProsperity.com

My client just became a victim of FRAUD …

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I was talking with a past client last week and he told me how he just recently became an unwitting victim of fraud.

Specifically, ‘check-washing’ fraud.

‘Check-washing’ is a process where low-life fraudsters steal your mail and erase the ink on a check using common household chemicals. Then, they rewrite the check to themselves. If that wasn’t bad enough, they typically increase the amount payable by hundreds or even thousands of dollars.

My client has no idea how the fraudsters got hold of his check as his neighborhood mail box and it’s out-going mail box showed no signs of break-in. Regardless, they took him for over $2,000.

I first heard about this a couple of years ago and discovered if you use a ‘Uni-Ball Jetstream Rollerball Pen’ to write your checks, this “washing” procedure cannot be accomplished. This is a special kind of ink pen that contains tiny particles of color that get trapped into the paper you write your checks on.

Of course, if you pay all your bills online, then you’re ahead of the game.

You can find the Uni-Ball Jetstream Rollerball pens at any office supply store like Staples or Office Depot and you should store this particular pen with your checkbook so that every time you pay your bills you can use it.

Hope you have a great weekend and please call me if I can help you in any way.

P.S. I’ll be hosting an Open House today (Saturday) from 12 noon – 5 p.m. in the beautiful Harveston Community in Temecula. Beautiful bank-owned home, fully remodeled by the bank and will be listed in the mid $300’s. 28997 Williston Ct.

If you know anyone who might be interested, please call me or send them my way!

951-760-3833

KenAHall@gmail.com

www.FromDebtToProsperity.com

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