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Archive for the ‘General Interest’ Category

How Homeowners Are Making The Most Of Outdoor Spaces

Posted by welovedeercreek on July 13, 2007

Have fond memories of sleeping under the stars as a child? Apparently it’s not just for kids anymore. The Washington Post reports that many homeowners are moving their bedrooms outdoors. The kitchen and living room were the first to move out; now major retailers are introducing all-weather furnishings for outfitting the al fresco bedroom–everything from weatherproof mattresses, mildew-proof pillows and mosquito-netting canopies to all-weather flat-screen TVs, chandeliers, lamps and rugs.

The Great Outdoors

What’s fueling the demand in outdoor living spaces? Experts point to a number of reasons, including the fact that homeowners want to invest more in their property as the cost of land rises. One trend forecaster says it’s all about “celebrating and embracing nature” while another insists it’s simply because we have no more room inside our homes.

According to research by Kiplinger’s, homeowners are expected to spend more than $40 billion this year creating outdoor living retreats, the second-most popular home remodeling project after remodeling kitchens.

Wise Improvements

There are dozens of ways to improve your outdoor living space, but some projects and amenities are more likely to add value to your property than others. Experts say patios paved in high-quality brick or stone, perhaps with a covering to provide shade and protection from rain are a good bet. Outdoor kitchens complete with refrigerator, grill and sink can also add value, but beware the pricey weatherproof television, which many considered a luxury item. What about the outdoor fireplace or firepit? While portable firepits are a relatively inexpensive way to create a cozy outdoor setting, built-in fireplaces can cost a pretty penny, some say up to $35,000.

Swimming pools, as many landscape designers can tell you, can add or detract from the value of your property depending on the type of pool you have. Custom-made pools get the thumbs up from experts while prefabricated pools get a thumbs-down.

If you’re thinking of moving more of your living space outdoors, we can help you determine what remodeling projects and amenities will add value to your home now and bring you top dollar if you decide to sell. Contact us!

Posted in General Interest, Home Improvement, Home Staging, Homes, Local Interest, Real Estate, Remodeling | Leave a Comment »

Reverse Mortgages

Posted by welovedeercreek on July 13, 2007

Reverse Mortgage: Does it really make sense?

Traditionally reverse mortgages have been a convenient way for seniors in need of cash to access some of the equity in their home to supplement their lifestyles. I’m coming around to the idea of the concept of reverse mortgages because it’s becoming apparent that they enable seniors to do more than augment their income. Of course I’m probably seeing more merit in them too because I am quickly becoming a senior.

Maintaining one’s independence is a very important priority and a reverse mortgage can make it possible for seniors to extend that independence significantly. Part of maintaining one’s independence has to do with being able to remain in one’s home. The expenses associated with living in a house can often prove overwhelming for seniors who may not have the physical wherewithal to perform maintenance tasks around the house.

This could be one very good way of putting a reverse mortgage to work. For those who are unfamiliar with the concept of a reverse mortgage, it is a financial product that’s exclusively geared toward mortgage free seniors. A reverse mortgage enables seniors to tap into the equity of their home, in some cases by as much as 60% of the total value, without ever having to make a payment. The financial institution advancing the funds will take repayment plus the agreed-upon accrued interest upon the eventual sale of the home or upon the demise of the owner, regardless of how long it takes.

So if you own a home worth $500,000 and you want to take a reverse mortgage, say for 60% of the home’s value, the financial institution advances $300,000 to the senior owning the home and the senior can use these funds in any way he or she wishes without ever having to repay a cent until the home is sold or the senior passes away.

At that time, the financial institution, which has a mortgage secured on the property, is entitled to sell the property and take its principal and interest from the proceeds of the sale, or the senior’s heirs can pay out the principal and interest and keep the home. In either case, any amount above and beyond the mortgage and interest must by law be turned over to the senior’s estate.

Personally, I like the idea of a reverse mortgage. Many seniors don’t because they’re thinking about their children’s inheritance. But then, when you consider that in the United States inheritance taxes are confiscatory, to put it mildly, and probating a will is very expensive; it only makes sense to enjoy the fruits of your labor while you’re still alive. Besides, your grown children should be able to look after themselves without counting on a windfall from your death.

So, does a reverse mortgage make good financial sense? Overall I’d say it does and I think many seniors would benefit greatly by tapping into the equity of their home to help maintain their independence.

Call Toll-Free 1-877-476-9600 to speak with one of our Loan Specialist to find out more about reverse mortgages or to request more information. There is no obligation or cost for their services.

Posted in Agent's Advice, Economic Focus, General Interest, Investment, Local Interest, Mortgage & Financing, Real Estate, Senior Resources | Leave a Comment »

5 – 4 – 3 – 2 – 1

Posted by welovedeercreek on July 13, 2007

The timer counted down

I can’t believe it’s finally here. Friday, June 29th. After months of hype . . . endless promotional campaigns . . . lots of media exposure; the anticipation; the build up.

At 6 p.m today hundreds came to the Apple Store in Victoria Gardens and local AT&T retail outlets, with 3 things in their pockets and purses (an i Pod, a PDA, and a cell phone) hoping to leave with just one thing . . . the new Apple iPhone.

Everybody had the same goal in mind, to be among the first to lay their hands on Apple’s new I Phone before everyone else.

Does it live up to the hype? You be the judge!

Pros - The iPhone offers an amazing resolution, with a clear, bright screen, and organic-looking buttons and an interface with all kinds of visual cues to let you know what you can and can’t do. For example, when viewing photos, you scroll with a finger flick to the left and right. But what happens when you try to scroll up and down? If nothing happened, you’d think there was something wrong. So instead, Apple has made it so the image moves up a couple of centimeters but “bounces” quickly back down. In other words, it lets you know the phone recognized your action but also shows you the action cannot be done. Also, the “finger pinch” action for zooming in on things will make you smile the first few times you do it.

The iPhone offers a 3.5-inch screen that offers widescreen viewing that looks so good that you can put your laptop in the overhead bin on long flights and watch movies and TV shows on the iPhone.

Cons - AT&T’s EDGE network is as slow as everyone says it is—going to even the simplest Web page takes minutes. But if you are on a Wi-Fi network, things are relatively speedy. You’re not going to throw away your laptop in favor of browsing on the iPhone. But you will use the Net features for quick information hits while you’re in an airport, stuck on a bus, in class, and so forth.

The iPhone’s camera is only a 2-megapixel camera phone with all the limitations of any other camera phone—it has no flash, no zoom and, while the entire screen becomes the viewfinder, it does a poor job of capturing motion or images in low-light conditions.

I was also disappointed to learn that the iPhone will not wirelessly sync with your Mac but syncing is still fairly easy.

The iPhone is not the Perfect Device. But it’s a real cool piece of technology that does a lot of things surprisingly well – And we know the next generation will only get better!

Posted in General Interest, Local Interest | Leave a Comment »

Getting Safely Out Of ARMs Way

Posted by welovedeercreek on July 13, 2007

Here’s another great way to protect yourself from the current meltdown in the housing market. If you own a home and have an adjustable rate mortgage (ARM) set to adjust higher you need to:

  • Know your credit score.
  • Know the contents of your credit report.
  • Clean up your credit report and remove inaccuracies to maximize your credit score.

With the recent changes to the housing market the lenders have made changes to underwriting guidelines. Underwriting guidelines are based on your credit. When underwriting guidelines get more stringent it is the people with the better credit that continue to qualify for good home loans.

READ MORE>>

Posted in Agent's Advice, Buying Real Estate, First Time Buyer, Foreclosure, General Interest, Local Interest, Mortgage & Financing, Real Estate, Senior Resources, Tips On Selling Your Home, Tips on Buying A Home | Leave a Comment »

Are We On The Rebound?

Posted by welovedeercreek on July 13, 2007

While the housing market continues to decline, there is a broad consensus among economists that a rebound will occur in 2008.

According to the ECONOMIC FOCUS, Volume 11, Issue 24 for the week of June 22nd, inorder for a rebound in 2008 the housing market must first bottom out. So, simple logic dictates that if we are a few months away from the rebound then we must be even fewer months away from the bottom.

“I still think we’re not at the bottom in terms of housing construction,” says Mark Vitner, a senior economist at Wachovia Corp. “Sales have to bottom out first. …We haven’t seen that yet. And then construction starts will probably bottom out nine months after that.”

If this holds true, a decline in new home construction should indicate that we are months closer to a bottoming out moving us closer to a recovery. Further, if there is a nine month lag in construction starts and if the industry will start its recovery in 2008 then simple math would place the bottom sometime prior to 2nd Quarter 08.

  • May’s numbers were mixed, but in line with expectations, and reflected weakness in the South and West, offsetting construction gains in the Northeast and Midwest. The positive message is that numbers are mixed and not down across the board.
  • Construction of single-family homes dropped 3.3 percent in May while apartment construction rose by 3.1 percent, another mixed signal. Historically, a hot housing market draws buyers from the rental rolls and causes a decline in apartment starts. This reversal indicates market corrections at the beginning of the manufacturing process, and as new home inventories shrink, demand will build in the coming months.
  • Finally, interest rates remain flat. The Fed has held their rates steady for nearly a year with no indication of sharp rises in the near future. The last thing the Fed wants to do is take the remaining breath out of housing with higher mortgage rates.

Perhaps the soothsayers are correct and we are nearing the bottom and a recovery in the housing market is near.

Posted in 2007 Real Estate Forecast, Agent's Advice, Bubble, Buying Real Estate, Economic Focus, General Interest, Housing Bubble, Local Interest, Real Estate, Real Estate Bubble, Selling Real Estate, Speculation, Tips On Selling Your Home, Tips on Buying A Home | Leave a Comment »

Seniors in Rancho Cucamonga – Catch a Fox!

Posted by welovedeercreek on July 13, 2007

Since February of 1999 seniors have had the blessing of transportation to the grocery store and to the James L. Brulte Senior Center for the many health, wellness and recreational offerings. This transportation has been provided by the City of Rancho Cucamonga and Rancho Cucamonga & Fontana Family YMCA and it’s just getting better!

A door-to-door service, as of this summer it has been enhanced with added route services and dedicated Grocery Store and Medical Visit stops Monday – Friday. It’s even been given a whole new name and look – Silver Fox Express!

Seniors ages 60+ can take advantage of this service for an annual fee of $25*. Quite a bargain when you think of all of the traffic, parking, and expensive trips to the gas station you can avoid! “Fox Funds” are available to assist those seniors that qualify. The Silver Fox Express operates within the City limits of the City of Rancho Cucamonga and, for routine medical visits, certain destinations in Upland and Fontana as well.

Contact the James L. Brulte Senior Center for more information (909) 477-2780, or you can go into the Center – 11200 Base Line Road – to complete an application. Once you you’re signed up, call the Reservation Line (909) 987-0777 to schedule your pick-up! The Senior Center has an entire Resource Guide of additional transportation resources available, so make sure to get one next time you drop by.

Posted in General Interest, Local Interest, Senior Resources | Leave a Comment »

Time To Vacation . . .

Posted by welovedeercreek on July 13, 2007

But Where Does Your Mail Go When You Want To Get Away?

Think about what lands in your mailbox…bank statements, credit card bills, and maybe even DVD’s. Where do they all go when you’re gone? If you’ve been asking a nosy neighbor to pick up your mail – or worse, letting your mail pile up in the box-there’s a better option and it’s easier than ever!

Whether you’re on vacation or an unexpected business trip, you can rest easy knowing your mail is safe and sound by asking the Post Office to suspend delivery while you’re gone. They’ll hold your mail from 3 to 30 days, and then resume normal delivery on the date you specify. It’s convenient, easy to do, and most of all it’s SAFE!

Make It Even Easier with the Internet

Now you can notify the Post Office to hold your mail in two minutes flat without even leaving your house. Just hit this link, and you can quickly fill out the form online: USPS Mail Hold. If your area isn’t served online, simply call 1 800 ASK USPS (1 800 275 8777) and a representative can assist you.

Then, have the time of your life…without worrying about your mail while you’re gone!

Posted in General Interest | Leave a Comment »

Caution: Children Swimming This Summer

Posted by welovedeercreek on July 13, 2007

Protect Your Family from Summer Tragedy

Last summer, Jim Sahnger, a contributing editor for our newsletter, shared a very personal story. Jim almost lost his 13-month old son, Sterling, when he nearly drowned in their backyard pool. Jim and his family were lucky. Sterling survived, with no lingering effects.

The unfortunate truth is that this summer many families will not be as lucky as the Sahngers. According to Safe Kids Worldwide, drowning is the second leading cause of accidental death for children ages 1 to 14, surpassed only by car accidents. For children ages 1 to 4, it is the leading cause of accidental death.

If you are a parent, or know anyone who has children, we ask that you please read Jim’s account of that almost tragic day.

This request is not an attempt at sensationalism or the melodramatic. We believe that this topic is a highly important one. By reading and forwarding this article, you may just save a life and, at the same time, spare countless people from the pain that one family nearly experienced.

Here is Jim’s story…

While on the phone with my 10-year old son, Paul, I heard a scream and then nothing. Concerned for the safety of my family, I called back only to hear Paul answer the phone, crying inconsolably. The only words I could make out were “Sterling”, “dead”, and “pool”. After a few moments, he said, “Dad, I have to call 911!” The line went dead.

My name is Jim Sahnger, and I am one of the contributing editors for your monthly newsletter. In March of 2006, my youngest son Sterling, 13-months old at the time, nearly drowned in my family’s backyard swimming pool.

I had left my home not 30 minutes prior. Surely I had misunderstood Paul. Surely this was a mistake. The drive home was one of my longest ever. Thoughts ranging from “How could this happen?” to “I can’t believe my son just died,” went through my head.

While pulling up to the house, I began looking for confirmation that what I’d heard on the phone was a mistake. The pit that developed in my stomach was indescribable as I saw over ten emergency vehicles parked in front. They all had one purpose, to save my son’s life.

Sterling had crawled through an open door to a pool deck where the barrier gate had been left opened. He inevitably made it to the pool and fell in.

I have a responsible, very attentive family and thought that we were always aware of Sterling’s whereabouts. If this could happen to us, it could happen to you or someone you know and love.

We were lucky. Paul had seen Sterling floating in the pool after he’d been in an estimated two and a half minutes. In just 30 more seconds, Sterling could have experienced irreparable brain damage; and after a few more minutes, we could have lost him forever.

Sterling was released from the hospital after seven hours and multiple tests to determine if he’d suffered any harm from the lack of oxygen. To see Sterling today, you would never know what took place that day in March.

The U.S. Consumer Product Safety Commission states that every year 300 children drown in a swimming pool, usually owned by their family. The commission also states that 2,000 children are treated annually for submersion injuries. Several things can be done to prevent those you care about from becoming a part of these statistics. The tips you’re about to read apply to everyone with young children, but they’re especially relevant to those who own a pool of any size.

  • Install a self-closing pool gate. This is first and foremost for any pool owner. For a little one, it can act as a final barrier between the house and your pool. A rigid pool cover is also a great tool, but it should always be used in conjunction with the self-closing gate.
  • Prepare yourself for emergencies by having every family member who’s reached the appropriate age certified in CPR.
  • Keep a phone by the pool in case someone needs to call 911. This will save a lot of time during a worst-case scenario.
  • Clear the pool and surrounding area of any toys that may attract toddlers.
  • Equip your home’s back door and pool gate with a buzzer that sounds when opened. You can also buy alarms that float in the pool and sound any time the water is disturbed.
  • Plastic or inflatable pools are often un-gated and carry a huge risk. The tendency is to keep them filled since it is rationalized that the child can stand up in the water and they’ll be OK. It’s best to drain these types of pools after every use. It only takes several inches of water for a child to drown.

If your family does not own a pool, your child’s water safety still requires due diligence. It’s not enough to simply know where children are at all times. Whether you’re at the beach, lake, or a pool, keep your child within arm’s reach. Do not rely on babysitters or anyone else to do this. Keep your child close to you.

It is also a good idea to choose your swimming locations carefully. On-duty lifeguards are a plus but should not be relied upon completely. Keep a close eye on waves and current conditions as they can easily pull a child under water.

Swimming lessons are a good idea but can provide a false sense of security for those with younger children. Revisit lessons every summer until you are 100% sure your child is a competent swimmer.

While it’s popular to forward jokes, funny videos, and other information to family and friends, we encourage you to forward this story for a different reason. The purpose is not to make someone laugh, but rather to potentially help save lives.

© Copyright 2007. All About News, Inc.

Posted in General Interest | Leave a Comment »

The Secret – The Phenomenon Everyone’s Talking About!

Posted by welovedeercreek on July 13, 2007

This message isn’t about real estate, but it is something we thought you might be interested in. You may have heard all the excitement about ‘The Secret’ after it was featured on Oprah a couple months back. ‘The Secret’ talks about The Laws of Attraction, and how your attitude affects your life…

If you haven’t seen the movie as yet, you can check it out by clicking the image below. In the meantime, check out this quick preview. If you watch this video clip once every morning (maybe right when you sit down at work in the morning), it will definitely start your day in a positive way, and remind you how much power you truly have.

What Is The Secret

Posted in General Interest | Leave a Comment »

Judge Orders Paris Hilton Back to Jail

Posted by welovedeercreek on July 13, 2007

Jun 8, 6:07 PM EST
The Associated Press

LOS ANGELES — Paris Hilton was sent screaming and crying back to jail Friday after a judge ruled that she must serve out her sentence behind bars rather than in the comfort of her Hollywood Hills home.

Read the whole article here.

SOUND OFF: Do you feel sorry for Paris? Post your comments now!

Posted in General Interest | Leave a Comment »