Leasing Your Property🏢 – #Irvine #RealEstate 🏡

Home for Lease
Home for Lease


Many Previous Home owners are now renters due to various reasons like Bad Credit, Loss of Job, Downsizing or other Personal preferences.

I review many of my clients(Landlords) Lease applications prior to submitting to make sure all the pertinent information is there and they are reviewed properly before submission to the landlord.

Once in a while I receive applications which are just too odd. I received an Application from a Self Employed Professional for a single Family home in Irvine (est. rent $5000.00+ monthly)

  • Received Application & Bank Statement
  • Pay-stubs from business Entity (No)
  • Tax Returns Personal (No)
  • Tax Returns Business (No)
  • An Active  web site for you business (Under Construction)
  • Any other additional documentation proving Monthly income to support the High Rent in Irvine (No)

after 2 weeks the clients submits the application via another broker for the same property, thinking all the above request will not be needed if he changed his Broker. I let you figure out the Answer on that one.

 

Also Read: Keep Your Tenant Happy

If you are a Landlord, Take the time to review your Applications thoroughly, Or hire a Realtor and we can do the work for you or advise you on what to do and what Not to do.

If you are a Tenant planning to lease a property, Make sure you have all your documents in order, Make sure you can afford to lease the property you are looking at. And Be honest about all your documentation. In this day of Internet, stating you have a business for 15+ years and have a your web site “Under Construction” does not cut it.

Also Read: Rent Increase

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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Choosing Your Mortgage & Lender 💰 – #Irvine #RealEstate 🏡

Mortgage lender

Before choosing a lender ask your Friends & Family along with your Realtor® for advice. If you try to communicate with your Lender and are not getting your basic information back from the beginning, that should be your first clue. If They are not responding move on, since lack of communication or timely communication will make the home purchase process pretty miserable.

The level of lender scrutiny and the maze of loan programs has never been more complex or illogical. The key to navigating this  process is selecting the right mortgage loan officer. But before you open up your personal information vault, do your own due diligence.

Mortgage Applicatoin1

There is one Web site that makes the loan officer investigative process relatively easy. The National Mortgage Licensing System & Registry (NMLS) maintains a site providing consumer access to the administrative and license information for state regulated mortgage lenders in all 50 states and the District. The NMLS Consumer Access site can be searched free of charge at www.nmls
consumeraccess.org
.

Good Faith Estimate

A Good Faith Estimate can assist you in choosing a mortgage lender. How? Utilize the Good Faith Estimate as a financial tool to review and confirm lenders who stand by their estimates. A Good Faith Estimate is a detailed list provided by a bank or mortgage lender to a borrower, required by law. The law requiring Good Faith Estimate reporting is called the Real Estate Settle Procedures Act (RESPA) and this estimate is due within three days of applying for a mortgage loan. The Good Faith Estimate is only an estimate and final closing costs may vary slightly, however, reputable mortgage lenders estimate should be close to the predicted estimate and any changes will need further explanation.

Customer service

 

Customer service from major lending companies is usually satisfactory. Major lenders have customer service training, and monitor each phone call for excellent service. Smaller lenders may not have the same financial resources to train staff, yet the personal touch of remembering your name and home location may be the kind of service you are seeking. You will need assistance for the application, questions on closing costs and interest rates being offered. As you ask your questions, did you think the lender was knowledgeable and accurate? Was your impression that you were being treated individually and with customer care? Did you wait on hold for a long time? Your first impressions will help you in the final analysis of choosing a mortgage lender.

Lender reputation

 

A mortgage lender’s reputation is a key element in choosing a mortgage loan. There are many ways to receive a mortgage, either via a bank or by private or government loan. Banks and lenders will quote you their posted interest rates, mortgage programs, either fixed or variable interest and closing costs. Verify with the Chamber of Commerce and other services that your mortgage lender is in good standing. Ask friends and family whom they have a mortgage with and if they are happy with the service they receive on their mortgage loan. View the lender’s website for their posted mission statement on service and possible customer service awards.

 

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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Landscape 🌳 Lighting 💡Ideas – #Irvine #RealEstate 🏡

outdoorlight2

 

-Thoughtful landscape lighting is a treat for the eyes. You want people driving by to take a second look because what you’ve created is interesting

-Using different styles of path lights in the same scheme can help you avoid the “good little soldier” look. Be sure to clean the lamp surfaces and check for burned-out bulbs at least once a year, and relocate the stakes if plant growth has blocked their light output.

-Path lighting is something that is rarely done well. Whether you opt for inexpensive stakes or pricier fixtures, placement is critical. Think of them as gentle hints for where to go next, not outlining tools or runway lights for an airplane landing. Fewer is usually better.

-Path lights are visual aids in a dark space, but they also add color and texture if you place them near interesting plants. This way, you can retain pieces of your garden’s charm long after the sun sets.

-Seating areas benefit from moon lighting or lighting installed high overhead because there are no harsh bulbs at eye level and it creates a cozy, intimate feel. “No one likes to feel as if they’re on stage when they’re sitting outside

Well-planned outdoor lighting improves curb appeal, safety, and security for your home

Exterior lighting is just as important as an interior lighting design. Universally designed exterior lighting ensures a smooth transition between indoors and out when the evening rolls in. Well-executed exterior lighting design also makes all the difference in transforming your entrance from run-of-the-mill to inviting, welcoming and safe. Many builders are taking a well planned lighting design for homes in the Great park in Irvine. Builders are making sure their Model homes along with their Web presence has quality lighting done in the models to grab the initial set of eye balls.

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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8 Simple Home Staging Tips ✅ – #Irvine #RealEstate 🏡

Staging your Home
Colors Are a key Factor in Staging

 

  1. Create a Balanced Space – To make a room appear bigger, paint it the same color as the adjacent room
  2. Don’t Overcrowd Rooms – Don’t overcrowd a room with furniture that is too large for the space
  3. Upgrade With Eco-Friendly Materials – Use eco-friendly materials when upgrading your home for sale
  4. Repurpose Your Resources – Salvage old materials to save money
  5. Create Serene Bedrooms – Create a relaxing setting with luxurious linens and soft colors that will make a potential homebuyer want to sit back and relax
  6. Make Awkward Spaces Functional- Make the most of an awkward space by giving it a function
  7. Update With Paint – Be sure to set out a floor plan with the dimensions of each room so buyers can see exactly what they’re getting
  8. Build a Memorable First Impression – pen stairways and foyers need to draw buyers up and in

 

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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California June Sales – #Irvine #RealEstate 🏡

CA June Sales 2014-06_Sales.

June Sales continue to Show boost in Home Sales.

An estimated 39,254 new and resale houses and condos sold statewide in June. That was up 4.0 percent from 37,734 in May, and down 4.3 percent from 41,027 sales in June 2013.

The median price paid for a home in California last month was $393,000, up 1.8 percent from $386,000 in May and up 11.6 percent from $352,000 in June 2013.

 

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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realtor

Updated Guide to 1031 Exchange – #Irvine #RealEstate🏡

1031 exchange new
Like Kind Exchange

1031 Investment Property Exchange

View this Blog in PDF for keeps: Click Here

Several clients have properties that after several years of ownership, might not be in the best of Neighborhoods. Real Estate Market conditions are perfect for an upgrade of sort. To avoid paying Capital Gaines taxes my clients have been looking at newer properties in Irvine with the option of using 1031 Exchange to let their investment grow and not pay tax at this time.

Example:

To understand the powerful protection a 1031 exchange offers, consider the following example:

  • An investor has a $200,000 capital gain and incurs a tax liability of approximately $70,000 in combined taxes (depreciation recapture, federal and state capital gain taxes) when the property is sold. Only $130,000 remains to reinvest in another property.
  • Assuming a 25% down payment and a 75% loan-to-value ratio, the seller would only be able to purchase a $520,000 new property.
  • If the same investor chose to exchange, however, he or she would be able to reinvest the entire $200,000 of equity in the purchase of $800,000 in real estate, assuming the same down payment and loan-to-value ratios.

So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange.

In effect, you can change the form of your investment without (as the IRS sees it) cashing out or recognizing a capital gain. That allows your investment to continue to grow tax deferred. There’s no limit on how many times or how frequently you can do a 1031. You can roll over the gain from one piece of investment real estate to another to another and another. Although you may have a profit on each swap, you avoid tax until you actually sell for cash many years later. Then you’ll hopefully pay only one tax, and that at a long-term capital gain rate (currently 15%).

Some basic rules:

  1. Make sure the Old and new properties have been held for investments or for business.
  2. The Entity or Person making the Exchange must have a written agreement with a qualified Intermediary before closing.
  3. All real estate is “Like-Kind”  to all other real estate.
  4. The New property to be purchased must be equal or up in fair market value and in equity.
  5. If you plan to remove any Cash be prepared to pay tax.
  6. Person on title of old must be person on title to new.
  7. OK to exchange multiple old properties for one new property or vice versa. Fractional interest is OK.
  8. Owner financing handled outside of exchange.
  9. Related Party transactions have additional requirements.
  10. Basis of old carried forward into new, with adjustments.

In a Forward exchange, the Exchanger must:

  • Not receive funds from sale.
  • ID new property, in writing, within 45 days.
  • Close on new property within 180 days

Please make sure you consult with your Realtor/Accountant or Attorney about the detail of your tax status. This PDF is from IRS web site for detail Guidelines for 1031 Investment Property Exchange   Click Here  for a PDF version.

 

 

 

Also Read: What is your Neighbors Home Selling for in Northwood

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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Current Homes for Lease – #Irvine #RealEstate 🏡

Homes for Lease Picture with Twiiter

52 Almador, Irvine, CA

4 Cartier Aisle, Irvine, CA (JUST LEASED)

2 Grapevine, Irvine, CA

 

Availability on Homes can change at any time, due to demand and number of application. If you are interested in a property please contact me directly.

 

blueline
2 Grapevine, Irvine, CA

2 Grapevine, Irvine CA 92602
2 Grapevine, Irvine CA 92602

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Full Link to MLS Listing with all Detail & Pictures (Click Here)

4 Bedroom, 3 Bath 3400 sq ft single family residence. Absolutely stunning. This Model rarely comes on market. Magnificent 4 bedroom plus a large loft which can be used as a secondary family room. Computer/Tech center upstairs. Dramatic living and formal dining rooms. Extra-large family room with fireplace and open to Gourmet Kitchen with slab granite counter tops and full back splash. Large center island great for sit up eating and nook area with walk-in pantry. One bedroom located on main level downstairs with full bathroom. Oversize master suite features master retreat, separate dressing area with her vanity area. His and Her’s walk-in closets and deep oval jetted tub. Huge linen closet, laundry room with oversize sink and storage cabinets overhead.  Full size driveway. 3 car garage with lots of storage cabinets build in. Dual A/C units, custom paint, dark wood flooring and carpet throughout. Tile in bathrooms and laundry room. Built in BBQ.  All appliances included. Cul-de-sac location. Your own fruit trees, two fountains to enjoy with professionally designed landscape. Enjoy 2 parks, junior size Olympic pool, Spa, BBQ areas, tot lot and basketball courts. Near shopping and entertaining areas.

 

blueline

4 Cartier Aisle, Irvine, CA (JUST LEASED)

4 Cartier Aisle , Irvine, CA 92620
4 Cartier Aisle , Irvine, CA 92620

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Full Link to MLS Listing with all Detail (Click Here)

Beautiful Condo with lots of natural sun light. Upstairs, end unit with open floor plan and lots of open space. Beautiful balcony of the kitchen and Master Bedroom. Kitchen has nice dark brown cabinetry with granite counter tops and all appliances included. Beautiful wood floors and tile throughout. Three large bedrooms with mirrored wardrobes. Two full baths. Wood flooring in the bedrooms and main living areas. Nationally acclaimed Irvine School District. Very near to great shopping and entertaining. Minutes away from Disneyland, South Coast Plaza, Spectrum and Newport Beach. Great location, Great Schools and Great floor plan.

Click on Home picture for Additional Pictures.

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blueline
52 Almador, Irvine, CA

52 Alamador
52 Almador Irvine, Ca

 

Full Link to MLS Listing with all Detail (Click Here)

Beautiful Residence in Westpark. Desirable floor plan with 2 master suites. Open floor plan with plenty of natural light, vaulted ceilings and recessed lighting. Highly upgraded kitchen with granite counters, stainless steel sink. Beautiful fireplace in Living room, wood shutters throughout, wood flooring downstairs and carpeting upstairs. Amazing energy efficient French Doors, frame less sliding glass shower doors and much, much more. Washer, Dryer and fridge included. Great Irvine Schools, association pools, spa,parks, basketball courts, tennis, greenbelts and more. Minutes away from South Coast Plaza, Irvine Spectrum, Great dining and more.

Click on Home picture for Additional Pictures.

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Irvine has many beautiful communities, Dining, Entertainment and top Schools.
If you find a property you like please let me help you register for IrvineVillage Home and I will get you started on your journey to your New Home Ownership in Irvine. If you are looking to purchase or relocate to an existing homes in Southern California (Irvine, Newport Beach and more) Contact me and I can get you custom research and start you on your way.
Christina Khandan
BRE# 01717088
Keller Williams OC Coastal Realty
realtor

What do Real Estate Agents Do? – #Irvine #RealEstate 🏡

The Problem Solver

From time to time I have heard People ask: What Real Estate Agents Do?

We spend Most of our times solving other people’s problems and Finding Answers to their questions. Realtors are paid for their Knowledge and Experience. Many of my Clients state that they have no experience in selling a home and they need someone who knows what they are doing.

To Sell a Home you need to follow some basic steps. Selling your home is not that hard, at the same time it’s not that easy. You need to have the correct experience to maneuver through the steps and not make any mistakes. As a Realtor, I’m there to make sure you avoid all issues and keep other people involved in the transaction inline.

 

 

Selling your home will always have some problems which are usually fairly easy to handle, but there are other problems which are not so easy. During the Sale of a home people are involved and people tend to do the strangest things at times and as a Realtor you need to have enough experience to know how to manage each one of these problems. There are times the unexpected problem arises and that’s when you have to take charge and make sure as a Realtor you have the Best in mind for your client and will do whatever is needed for your client to complete and resolve the Unexpected.

There have been times which I spent the whole day on the phone, text and email trying to work out a single problem which will involve the Lender, Escrow, Inspectors, Seller and Buyers. At the end of the day, I had to take the responsibility and  take the lead to make the communication happen in time and with all parties involved to close the deal.

As a Realtor I have dealt with variety of Home Sales activity and every one of them tend to teach me new tactics to the business which I tend to learn more and carry it forward with me to the next Clients home.

Also Read:  1031 Property Exchange

 

 

 

 

 

🏡
Contact me for any Questions about the Real Estate Market, Schools, Communities around Irvine. If You are planning to Relocate to Orange County or are Looking for Vacation Home & Investment Property Please do not hesitate to Send me an Email Email

 

blueline
 
Christina Khandan
Keller Williams OC Coastal Realty
949-433-0803. Mobile
714-388-3771. Fax
Christinakhandan@gmail.com

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realtor

Time To Move 🚚 – #Irvine #RealEstate 🏡

Moving Truck White background moversjpg

 U.S. Census data estimates that most of us move about 11 times during the course of a lifetime, and the decisions we make have lasting  effects on many peoples finances and personal life. While moving might be needed or required due to job changes and or relocation the process does not have to be. Here are few moving mistakes to avoid problems during the process.

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