Mapleton in Murrieta, California

Mapleton is a fantastic neighborhood in Murrieta, designed with the ideal homeowner in mind. Feel the breeze of our fantastic weather and what our community has to offer.

Friday, June 27, 2008

Foreclosure City in Temecula, Murrieta and Menifee

This Week's New Real Estate Term: "Grow House"
You've heard of row homes or row houses. Now there are "grow houses". Police in the city of Arcata, in Humboldt County, California, estimate that a mind-blowing 13% of homes in the city are vacant and used strictly as indoor marijuana farms, apparently legally. So the typical suburban block with 20 houses has 3 that are vacant marijuana greenhouses (pun intended). Wow. Read more.

Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or Id be my best client!)

So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when -- or before -- it hits the market.

If youd like to be in the Preferred Client Group, you need to:
1. Pre-approve with our approved lender
2. Come in for a short sit-down counseling session
3. Commit to work with us

Serious Buyers only: Email me @ or call (951) 677-1800 ext. 143

20 NEW HOT Foreclosures!!!

Fannie Mae Eliminates "Declining Market" Designation:
Good News Or No Change For Buyers & Sellers??
Remember the lax "fog the mirror" loan qualifying (if you can fog a mirror, you're approved) that helped bring on all the foreclosures? Lenders then over-reacted and required giving up your first born to get a loan, especially with little down. And Fannie Mae, which buys mortgages, slapped a "declining market" designation on California, making borrowers put an additional 5% down on all Fannie loans. Well, last week Fannie ditched the policy. So low down-payment loans should be easy, right? Not so fast. Mortgage insurance companies, which insure lenders against loss on many loans with under 20% down, aren't playing ball. At least not yet.

On the bright side: various non-Fannie loans are still available to owner-occupants w/ -0- down (VA or "Nehemiah"), 3% down (FHA), 5% down (rare conventional), and plenty with 10% down. Call me and I'll put you in touch with our trusted lender.

Proposition 98 Wouldn't Help The Chinese
The California Association of Realtors supports Prop 98 to keep the government from seizing private property for non-public use and to strengthen private property rights. Pass or fail, at least we can put it to a vote. The Chinese, with no such voting rights, could use protections much stronger than Prop 98. Land in China is state-owned and only leased to citizens. Private property rights are so minimal that in 2002, when China wanted to expand the Yangshan deep-water port near Shanghai, they just demolished people's homes and sent protesters off to labor camps. …One more reason we should be thankful we live in the greatest country on earth!

Top 10 Up And Coming World Real Estate Markets, using Morgan Stanley Capital International's list of emerging markets, forming this top 10. They looked at economic expansion, inflation, individual property rights, access to lending, etc., in world capital cities and business centers. These ten markets are expected to explode in value in the next five years. (For the full story, click here.)

1. Israel
2. Malaysia
3. Peru
4. Chile
5. Thailand
6. Jordan
7. South Africa
8. Morocco
9. Czech Republic
10. Colombia


Thursday, May 24, 2007

Should we let the buyer move in prior to cosing escrow?

"Should I let the buyer move in early to make repairs?"


Letting the buyer of a property move in before closing for ANY reason is WAY too risky. Let me count the ways:

1. Liability for injury, etc.

2. Possibility they may change their mind once they've spent a few nights.

4. If the sale doesn't close, you've just become a landlord…and they've become a tenant with all the rights of a tenant, meaning it could take awhile to get them out.

So, in case I wasn't clear: NEVER let a homebuyer move in before closing!

published by g. Kent. san diego, ca

You know you are in Murrieta when...

It takes you 30 minutes to get from Clinton Keith road to California Oaks

Wednesday, May 23, 2007

Builder's Back-Off from Construction

Builder Confidence Slips in March

(Washington - March 19, 2007) - Builder confidence in the market for new single-family homes receded in March, largely on concerns about deepening problems in the subprime mortgage arena, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. After rising fairly steadily since its recent low last September, the HMI declined three points from a downwardly revised 39 reading in February to 36 in March.

"Builders are uncertain about the consequences of tightening mortgage lending standards for their home sales down the line, and some are already seeing effects of the subprime shakeout on current sales activity," said NAHB Chief Economist David Seiders. "The fundamentals of today's housing market still are relatively strong, including a favorable interest-rate structure, solid growth in employment and household income, lower energy prices and improving affordability in much of the single-family market - due in part to price cuts and non-price sales incentives offered by builders. NAHB continues to forecast modest improvements in home sales during the balance of 2007, although the problems in the mortgage market increase the degree of uncertainty surrounding our baseline (i.e., most probable) forecast."

Derived from a monthly survey that NAHB has been conducting for 20 years, the NAHB/Wells Fargo HMI gauges builder perceptions of current single-family home sales and sales expectations for the next six months as either "good," "fair" or "poor." The survey also asks builders to rate traffic of prospective buyers as either "high to very high," "average" or "low to very low." Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view sales conditions as good than poor.

All three component indexes registered declines in March after having risen in the previous month. The index gauging current single-family home sales and the index gauging sales expectations for the next six months each declined three points, to 37 and 50, respectively. Meanwhile, the index gauging traffic of prospective buyers declined a single point, to 28.

Regionally, the HMI results were somewhat mixed. In the Midwest and West, the index gained one point to 28 and 36, respectively. In the Northeast, the HMI declined two points to 41, and in the South, it fell four points to 40.

According to Broker Agent news May 19,2007

Friday, May 18, 2007

Finally...New Homes Lantana Communities in building in Mapleton

Lantana, a premier move-up view-home community in the city of Murrieta, CA is coming soon. Located centrally just east of the 215 freeway, Murrieta maintains the unique lifestyle of a popular suburb, while having easy access to San Diego and Orange County. This desirable community features distinguished schools and countless youth sports leagues. Fifteen different hiking, biking, horseback, and jogging trails are scattered throughout the city. Murrieta also is home to nearly forty different city and regional parks, making this community a wonderful place to live.
Lantana's four carefully designed single-family homes feature floor plans ranging from approximately 2174 to 3635 square feet. The one single story and three two-story plans feature spacious rooms, gourmet kitchens with standard granite countertops, cozy breakfast nooks, and optional master bedroom decks and covered patios. Oversized lots, some with RV parking, and elevated views of the surrounding region are available on select homes. Homes echoing Spanish, Farmhouse, Craftsman, and Tuscan flair, formal dining rooms, and tons of extra space, make Lantana an appealing place to call home.

Lantana is located directly east of the 215 freeway, miles north of the I-15 interchange. Exit at Scott Road, continue south, go east on Keller Road. Lantana is located on the right.

Thursday, May 17, 2007

Riverside Market Statistics

Riverside County













Most Popular Cities according to Trulia

Trulia Trends

Rank City

1. Chicago, IL
2. Manhattan, NY
3. Philadelphia, PA
4. Brooklyn, NY
5. San Francisco, CA
6. Los Angeles, CA
7. San Diego, CA
8. Jacksonville, FL
9. Orlando, FL.
10. Queens, NY
*Based on property views on in April 2007 Rank City Med. list price M-O-M change
1. Traverse City, MI $219,000 18.44%
2. Fort Lauderdale, FL $479,000 6.68%
3. Boca Raton, FL $447,950 5.40%
4. Wichita, KS $125,450 4.98%
5. Ann Arbor, MI $269,900 4.21%
1. Dayton, OH $76,725 -9.63%
2. Virginia Beach, VA $355,000 -5.31%
3. Melbourne, FL $265,990 -4.97%
4. Arlington, TX $139,992 -4.76%
5. Phoenix, AZ $315,000 -4.54%
*Based on changes in median list price on Trulia from March 07 - April 07

Sunday, May 13, 2007

Happy Mother's Day for FREE Cards

Saturday, May 12, 2007

15 ways stores trick you into spending more

15 ways stores trick you into spending
Don't succumb to retailers' simple ploys. Here's how they get you to buy -- and 10 ways to fight back.

By The Simple Dollar
Ever notice how you can go to a store to pick up just one thing and then, by the time you get to the check stand, you have five or six things in your cart and a bigger bill than you had anticipated?

This happens over and over because department stores use an array of techniques (grocery stores use many of the same tactics) to get you to pick up these items. By itself, each technique isn't very strong -- it's the use of them in combination that is powerful.

Here's a list of 15 of the best tricks. After the list, watch for 10 ways to combat these techniques so you can get in and out of stores with your finances intact.

1. Shopping carts. Most department-store customers enter the store intending to buy only an item or two, but the shopping carts are right there by the entrance and, oh, wouldn't it be convenient to have it so I can lean on it a bit while walking around and to put my stuff in it?

The cart has a huge bin compared with the size of most items for sale in the store, making it psychologically easy to toss in an item you don't need -- after all, there's room for plenty more, right?

2. Desirable departments are far away from the entrance. Most of the items I go to a department store to buy, such as light bulbs and laundry detergent, are located many, many aisles from the entrance. This means I spend my time walking by a lot of consumer goods on my way to find the item I want.

Because these consumer goods are effectively marketed to me, there's a good likelihood that I'll spy something that I don't necessarily need and toss it in the cart.

3. The toy section is far, far, far away from the entrance. Naturally, if I take my son to the store, he wants to visit the toy section. He gets excited and starts shouting "Ball! Ball!" to me when we go in because he remembers the enormous plastic balls in the toy section.

I tell him that if he's good, we'll go look at the balls, and at the end of the trip, we usually make our way over there. What do we see? Lots of children in that area, which means that there are parents that follow their children.

4. Impulse-oriented items are near the checkouts. Stores stock the latest DVD releases and "froth" magazines there, along with overpriced beverages and candy.

Why? Because people leaving the store are thirsty, and they're going to be standing in line for a bit, which is the perfect place to hook them with some entertainment options.

5. The most expensive versions of a product are the ones at eye level. Take a look sometime at the arrangement of different choices for a particular product, such as laundry detergent. Almost every time, the most expensive options per unit are placed at eye level, so you see them first when you enter an aisle. The bulk options and better deals are usually on the bottom shelves.

6. Items that aren't on sale are sometimes placed as though they are on sale, without using the word "sale." I noticed this over and over with diapers; the department store would display a rack of them with a huge sign above them displaying the price, but it would be the same price I paid for them a week ago. Unsurprisingly, the diapers displayed like that were always the most expensive kind.

7. Commodity items, such as socks, are surrounded by noncommodity items, such as shirts and jeans. If I'm looking to buy some socks, I have to traverse through a number of racks full of different types of clothing in the clothing section just to reach them.

Why? If my mind is already open to the idea of buying clothes, I would be more likely to look at other clothing items.

8. Slickly packaged items alternate with less slickly packaged items. Look carefully at an aisle of, say, potato chips. The ones with the bright and slick packaging are generally more expensive, which isn't surprising.

But notice that there usually isn't a section of just inexpensive chips -- in most stores, they're sandwiched between more-expensive items. If there is a section of just inexpensive items, they're down by your feet (think about the inexpensive bagged cereals at your local supermarket).

9. Stop, stop, stop. You add items to your cart only if you stop, right? So stores are designed to maximize the number of stops you have to make: aisles in which only two carts can fit, colorful and attractive layouts, escalators and, my favorite of all, sample vendors. Even if it's not conscious to you, every time you stop moving in a store, you increase your chances of putting something into your cart.

Video: 4 'off-the-menu' bargains
10. Staple items are placed in the middle of aisles, nonessential and overpriced items near the end. Why? If you enter an aisle to get a "staple" item (i.e., a high-traffic item), you have to go by the other items twice -- once on the way in and once on the way out. That gives these items two chances to make their pitch at you.

11. Prices are chosen to make comparison math difficult. Instead of selling the 100-ounce detergent for $6 and the 200-ounce detergent for $11 (making it easier to figure out the better deal), they sell the 100-ounce for $5.99 and the 200-ounce for $10.89.

Hey, look, they're basically the same, right, because five is half of 10? Uh, no.

Continued: 10 ways to fight back

12. Stuff in bins isn't always a bargain. Higher-end stores will sometimes put items in "bins" to emulate the bargains found at cheaper stores, but the prices are still quite high. They just use the visual cue of a "bargain store" to make you think it is a bargain.

13. High-markup items are made to look prestigious. If you see something in a glass case that has lots of space around it, your gut reaction is to believe that it is valuable and prestigious to own, and for many people it can be as attractive as a light to a moth. The truth is that these items typically have tremendous markup -- you're literally just buying an idea, not a product.

14. The most profitable department is usually the first one you run into. Ever noticed that at Younkers, JC Penney, Kohl's and such stores, the cosmetic department is front and center? That's because it's very profitable, and by putting it in a place where people walk by time and time again, customers are more prone to making a purchase on an item with a very big markup.

15. Restrooms and customer services are usually right by the exit or as far from the exit as possible. Why? If you need to use either one in the middle of a shopping journey, you have to walk by a lot of merchandise to reach the needed service, thus increasing your chances for an impulse buy.

Video: 4 'off-the-menu' bargains
Want to see more? Look at this presentation on the art of department-store layouts to get an idea of how much thought goes into making sure you buy more, particularly those items that are marked up a lot. I didn't even get into some of the more complex techniques, such as sensory marketing, that are more subtle and harder to avoid.

How can I fight back?
Is there any wonder why people end up buying more than they need or buying sizes that are poor deals? With an array of techniques at their disposal, retailers can make a mint.

Had enough? Here are 10 things you can do to fight back against these techniques:

1. Don't use a shopping cart unless you need it. A cart, most of the time, is just a place to put stuff you don't need. If you're carrying a product, you're a lot more likely to consider whether it's a worthwhile purchase.

2. Make a shopping list and stick to it. A list makes you focus on the items you intended to buy. Without it, you are much more prone to wandering and stumbling into "great buys" that you don't really need.

3. Look at nothing but the prices and sizes. That's all the information you really need -- everything else is marketing. Find the one that has the best price for its size, get that one, and move on.

4. Start at the back and work toward the front. If this is an option at all for you based on the store layout, do it. When you go in, head directly for the most distant item, then progress back toward the checkout aisles. If you do it the other way, you're prone to walk more slowly and tiredly toward the front after your shopping is done, leaving you open to lots of impulse buys on the way.

5. Always look at the bottom shelf first. If you've found the section you want, start looking at the bottom shelf first. This is usually where the better per-unit deals are.

6. Don't stop unless you're actively selecting an item. Displays are designed to beg you to stop for a moment and just look, which is often enough to get you to pick out the item. Even if something looks interesting, keep walking. You can study it as you go past and make up your mind later about the item.

7. Never go by an item twice unless absolutely necessary. If you go down an aisle, start at one end and continue all the way out the other. Walking by an item once lets it sink into your short-term memory, giving just a hint of familiarity when you walk by it again, sometimes just enough to persuade you to buy it.

8. Carry a pocket calculator -- or know how to use the one on your cell phone. Do the math yourself to find out what the best buy is because stores try to choose numbers that make drawing false conclusions quite easy.

9. If you don't know for sure that it is a good deal, don't buy because you think it is a good deal. Stores use all kinds of visual cues to make you think something is a bargain when it's not (like the bin trick mentioned above). Don't buy anything because it's a "deal" unless you're sure that it really is an excellent bargain -- just walk away.

10. At the checkout, rethink everything you put in your cart -- and don't hesitate to hand an item to the cashier and say you've changed your mind. Many people seem to have a guilt, or obligation, to buy an item that they've put into their cart. Don't. You're the customer -- you have the right to choose whether to buy. If you find something you don't want to buy, tell the cashier and don't buy it.

This article was written by the founder of The Simple Dollar, a blog offering a peek at his recovery from near bankruptcy.

Published April 13, 2007