MAY 20th, 2012

1:00PM – 4:00PM

43832 20th Street West

Lancaster, CA 93534

RE/MAX All-PRO, MOJAVE DESERT BANK,

HARLEY DAVIDSON PARKING LOT

Ways to help:

One of the most simple ways you can help is by making a donation through PayPal today! No donation you are able to offer is too small. Visit us online and find the DONATE NOW button!

Auction Item Contributors:

The Live Auction provides a great way for companies and individuals to donate to Cure a Child in an exciting platform. All patrons receive recognition in the event program and are observed during the auction. Items valued at $250.00 or greater will be considered for the live auction and you may donate any item of your choice. If you would like to participate but don’t have the time to shop we will also accept flat donations and find the perfect item for you!

Corporate Partner:

Our Corporate Partners are featured at all Cure a Child events hosted throughout the year and across various marketing and advertising platforms.

Home Buyers LOOK Here!

To finalize the sale of the home a neutral, third party (escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder insures that all terms and conditions of the seller’s and buyer’s agreement are met prior to the sale being finalized, including receiving funds and documents, completing required forms, and obtaining the release documents for any loans or liens that have been paid off with the transaction, assuring you clear title to your property before the purchase price is fully paid.

An escrow is:

• an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money and/or documents for the transacting parties, with the timing of such disbursement by the third party dependent on the fulfillment of contractually-agreed conditions by the transacting parties, or
• an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker’s principal or some other person until the consummation or termination of a transaction; or,
• a trust account held in the borrower’s name to pay obligations such as property taxes and insurance premiums.

The word derives from the Old French word escroue, meaning a scrap of paper or a roll of parchment; this indicated the deed that a third party held until a transaction was completed.

Escrow Process

The documentation the escrow holder may be collecting includes:

• Loan documents

• Tax statements

• Fire and other insurance policies

• Title insurance policies

• Terms of sale and any seller-assisted financing

• Requests for payment for various services to be paid out of escrow funds

Upon completion of all instructions of the escrow, closing can take place. All outstanding payments and fees are collected and paid at this time (covering expenses such as title insurance, inspections, real estate commissions). Title to the property is then transferred to the buyer and appropriate title insurance is issued as outlined in the escrow instructions. At the close of escrow, payment of funds shall be made in an acceptable form to the escrow. As your real estate agent, I’ll inform you of the acceptable form.

The Escrow holder will:

• Prepare escrow instructions

• Request title search

• Comply with lender’s requirements as specified in the escrow agreement

• Receive funds from the buyer

• Prorate interest, tax, insurance, and other payments according to the instructions

• Record deeds and other documents as instructed

• Request title insurance policy

• Close escrow when all instructions of seller and buyer have been met

• Disburse funds and finalize instructions

Our Escrow Partner

You can feel more secure with an independent escrow company. Unlike banks, title companies and brokerages, an independent firm must comply with stricter operational and CPA auditing, bonding requirements, financial liquidity requirements and trust fund insurance guidelines.

For more information contact our partner:

EscrowOne, Inc. A Department of Corporations Escrow Company

www.escrowoneonline.com 661-945-6991      

Antelope Valley’s Annual Home & Garden Show

The Antelope Valley; Labor, Lifestyle, & Los Angeles All Within Reach

The communities and local economy of the Antelope Valley are growing strong for a number of reasons, mainly affordability of housing. Antelope Valley residents enjoy a pleasing quality of life in

these family-oriented communities; there are just so many choices for recreation, shopping and dining right around the corner. It’s been said that within these communities, one may realize the American dream. Public safety, health care, transportation, education, and recreation are all important priorities within the following communities. The Antelope Valley offers a wide variety of family activities. From taking a stroll through Apollo Park, to hanging out in Downtown Lancaster.Movie theaters,shopping, weekly Farmer’s Market and Lancaster Performing Art Center are just the beginning in Downtown Lancaster! Whether you’re a current resident looking to relocate, or you’re looking to make the Antelope Valley your new home, you’ll find the information you need right here. Visit All Pro Agents online for more information about the communities within the Antelope Valley

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The Antelope Valley in California, United States, is located in northern Los Angeles Countyand the southeastern portion of Kern County, California, and constitutes the western tip of theMojave Desert. It is situated between the Tehachapi and the San Gabriel Mountains. 

The valley was named for the pronghorn antelopes that are said to have roamed there until being eliminated by hunters and bad weather in the 1880s.The principal cities in the Antelope Valley are Palmdale and Lancaster.

 Getting In Is Easy-Buy NOW!-Expert Antelope Valley Real Estate Advice

OK. Last week we talked about renting and the expenses going out to meet your monthly rent amount. This week we will move on to the benefits of home-ownership. a MUCH more fun topic!

Getting In Is Easy

• Convenient Down Payment Options Still Exist
• $8,000 Tax Credit for First-Time Homebuyers
• Home Prices Very Affordable
• Low Interest Rates
• Payments Similar to
• Average Rent Over 5 Years

Now For The Good Part!

After 5 years:
Mortgage Balance Declines
Increased Net Worth
Plus Tax Benefits!

Your Uncle Wants to Help

• If Cash Is Tight –
• Uncle Sam Can Help
• Don’t Wait For Refund Bucks: Increase Your Take Home Pay
• Quit Lending Money to Uncle Sam Interest Free
• Check Out IRS Calculator To Do It Right

Tax Advantage

Assuming a $300,000 loan:

P&I  $1,798.65

Taxes            312.50

Insurance       100.00

  Total  $2,211.15

Tax deduction for five years:

Interest $87,082 + Taxes $18,750= $105,832

Using a 25% tax bracket   $26,458

Monthly  $     441

  Mortgage Payment $2211 – 441 = $1,770

  Average Rent (five years)              $1,658

  Payment difference                        $   112

  Plus… Possible $8,000 Tax Credit for FTHB (First Time Home Buyer)!

Got Rent?

Your Landlord Loves You

Wealth Created by Home Ownership

Buying a home is a Big Step…But a Step in the Right Direction!

If YOU or someone you know is interested in starting the home buying process, feel free to contact RE/MAX All-Pro; it’s not just real estate, it’s a relationship!

Buying a home can be scary, overwhelming, thrilling, exasperating, and inspiring all at once, but the feeling of

home-ownership trumps them all.

Which is why;

It Still Makes Sense To BUY VS RENT!

Why?You ask.

To show you the benefits of owning your very own home, i will be doing a 2 part blog series. The first blog post will be about renting statistics and where YOUR money goes, and the second part will be the essential Information on the benefits and perks of home-ownership. An owner-occupier (also known as an owner-occupant or home owner) is a person who lives in and owns the same home. It is a type of housing tenure. The home of the owner-occupier may be, for example, a house, apartment, condominium, or a housing cooperative. The immovable property of the owner, which includes the home and the land upon which it sits, is known as the real estate.

FIRST lets talk about a couple fun rental facts!

WHO’S RENTING!?

Nearly 1/3 of all households rent

Baby boomer children-Echo boomers

With that being said, let’s take a closer look at home prices: 

• Despite National Headlines,

Home Prices Tend to be Localized

• Housing Prices Are Tied to Job Market

• If Local Job Market is Weak –

Local Area Prices May Be Lower As Well

Now for the fun facts about RENTING!

Renting is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlordpays for all property charges regularly incurred by the ownership from landowners. This system is used in case of washing machines to handbags and jewelry.

Renting Costs a Lot – A Whole Lot!

Now remember, these are ONLY assumptions: 

• $1,500 Monthly Rent Payments
• Landlord Increases Rent 5% Yearly
• Five-Year Costs = Nearly $100,000!
• Costs to Improve…GONE!
• Oh yeah, your landlord thanks you
• Overall Costs…Too Painful to Look At

Renters! FIGHT BACK! Show Your Landlord The Money 

 Assuming a 5% increase per year:

•   Year       Monthly Rent     Annual Rent
•     1            $1,500                $18,000
•     2            $1,575                $18,900
•     3            $1,654                $19,848
•     4            $1,737                $20,844
•     5            $1,824                $21,888
•     Total                                 $99,480

Average monthly rent over five years $1,658

Whew! Tough information to read right? The good thing is, the bad is out of the way! Start the steps to your future of home-ownership and join me next week to get the essential Information on the benefits and perks of home-ownership.

If you or someone you know is ready to take the step towards buying a home, give RE/MAX All-Pro a call at 661.945.9461.

RE/MAX All-Pro; Palmdale Real Estate and Lancaster Real Estate Experts
At RE/MAX All-Pro we pride our selves on being Real Estate experts and are always researching the current housing market. Below is an article from Forbes with some important information we’d like to share with you. If you have any questions don’t hesitate to give us a call at 661.945.9461or visit our website RE/MAX ALL-PRO

9 Reasons To Buy A House Now

If you’re planning to buy a house right now, the next few months may be the best time to buy. Waiting for both housing prices and interest rates to fall may not be a good strategy for potential homebuyers since analysts don’t expect any significant declines in these two most important home-buying factors. Here’s nine real estate trends that suggest you should get into the housing market sooner than later. (To learn more, check out 5 Sunny Real Estate Markets To Watch In 2011)

TUTORIAL: How to Buy Your First Home

1. Lowest Housing Prices in Years
Nobody knows when the housing market will hit bottom, but prices are at their lowest in several years and may soon start inching back up again. So buying now or in the near future may be the right time. An abundance of bargain-priced housing is now available because of foreclosures and falling prices.

2. Interest Rates at a 50-Year Low
Interest rates are near a 50-year low, according to housing analysts. By the second week of May, 2011, 30-year fixed mortgage rates had fallen to their lowest rates of the year at 4.63%. Although mortgage rates vary from day to day, the 30-year rate at this level is an attractive inducement to first-time buyers, or buyers who want to either move up to larger residences, or others, including many empty-nesters wanting to sell and move to smaller houses or condos.

 

3. Interest Rates Expected to Go Up
As the economic recovery gains momentum, interest rates are expected to increase, making mortgages more expensive. Even a half-percent increase in mortgage interest can add a hundred dollars or more to your monthly payments, depending on the amount of your loan. (To learn more about interest rates, read Forces Behind Interest Rates.)

4. Adjustable Rate Mortgages at Record Lows
Adjustable Rate Mortgages (ARMs) are also lower now, although there are risks that interest rates may increase over the life of the mortgage and the balloon payment due at the end of the mortgage life, usually three or five years, could be substantial. Nevertheless, for new buyers who are sure they’ll have enough income to meet payment obligations, an ARM may be the best way to buy a house. Keep in mind that payments may increase on a monthly basis. For a full explanation of advantages and risks in an ARM, visit the federalreserve.gov.

5. Low Down Payment Mortgages Available
Low-down-payment financing through Federal Housing Administration-insured mortgages is available as an additional inducement to buy a house now. Down payment minimum requirements also fluctuate and may increase as the market heats up, so potential buyers with less cash to consummate a deal may be well-advised to buy now. 

6. Easy to Qualify, Easy to Borrow
Lending standards have become less rigid recently, so qualifying for a mortgage may be easier. Experts advise that a potential buyer become pre-approved for a loan by a lending institution – meaning that a lender guarantees to make the loan contingent on an appraisal of the property. But the good news in seeking pre-approval is that lenders are now willing to let a potential buyer take on more debt than the previous formula allowed – a percentage of monthly income. (For more on getting a cost effective mortgage, see Score A Cheap Mortgage.)

7. Lenders Offer No-Fee Mortgages
Many banks and other lending institutions are waiving mortgage loan generation and other fees and points (each point represents 1% of the loan amount), thereby reducing the cost of buying.

8. Home Builders Eager to Sell, Offer Incentives
Home builders, competing with the resale market, are offering incentives to potential buyers to reduce their inventory of unsold new homes. Incentives may include cash for furniture or free refrigerators, washers and dryers. In Seattle, for example, builders have offered opportunities to win iPads or Smart phones, and $3,000 buyer bonuses. Specific demographic groups, including military personnel, police, firefighters and health-care workers, have been targeted by builders for special offers. But virtually anyone who can qualify for a mortgage is likely to get a good deal from a homebuilder who is eager to sell.  

9. Motivated Home Owners Desperate to Sell
Desperate sellers of existing homes have also been offering attractive inducements to potential home buyers, including warranties on appliances, air conditioners and furnaces. Some sellers are even offering cash or have included furnishings, refrigerators, washers and dryers as a bonus to potential buyers. With so many existing homes in foreclosure or underwater – bargain prices are abound in this depressed market. (For help on buying a house, read Top Tips For First-Time Home Buyers.)

The Bottom Line
With a convergence of the factors above, all of which are favorable to the prospective home buyer, there may not be a better time to buy than right now. It’s a buyer’s market, but like everything else in life, the bargain deals won’t last. (To help determine if it is the right time to buy, read Are You Ready To Buy A House?)

READ ON:

10 Reasons You Shouldn’t Skip A Home Inspection
5 Reverse Mortgage Scams
Why There’s No Such Thing As A Bad Real Estate Market

Thank You For Making RE/MAX All-Pro #1

Keny and Cheyanne Terracciano take the time to thank all of our RE/MAX All-Pro customer’s, who voted us #1 in customer satisfaction for home buying and home selling in 2011. The award is presented by JD Power and Associates, who take customer surveys based on the customer’s review and rank multiple companies accordingly. RE/MAX All-Pro not only won, but we dominated both categories. Thank you to ALL of our customers for helping us become #1. We believe our first responsibility is to our clients. To meet their need, everything we do must be of the highest quality. From marketing and advertising to closing an escrow. If you or someone you know is buy or sell a home, RE/MAX All-Pro is the best option. Call us today at (661)945-9461 OR visit us online at http://remaxallpro.com.

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Rent vs. Own

Q.

I am currently renting a home in east Lancaster for $1300 per month. I am considering buying a home but I don’t know where to start.

A.

Many families who are currently renting have made the decision and taken the steps to become homeowners.

The Savvy renter understands that they can pay much less per month to own their own home in than to continue renting.

RE/MAX All-Pro listed this home in East Lancaster for $103,900, and I think it’s a great example of what we are talking about today. We have Gabby- Godde with Mountain West Financial here within the Re/Max All Pro office to talk about the financial aspects of purchasing a home like this with you.

So with average rents in East Lancaster ranging from $1200-$1400 per month, we are talking about a savings between $200-300 per month

Current housing market conditions in Lancaster and Palmdale makes for a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home.

It is important to consider all aspects of purchasing a home. There are costs of homeownership that are not included in this breakdown such as the maintenance and utilities of a home; however, there are also some compelling reasons to strive for the “American Dream.”

If you or anyone you know is interested in buying or selling a home, Re/Max All-Pro can help! Call us today for all your Palmdale Real Estate needs at (661)945-9461 OR visit our website at http://www.remaxallpro.com