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COVER

4 REASONS TO BUY NOW pg 28

DEMAND THIS FROM AGENTS pg 40

CRYSTAL BALL ON PRICES pg 51

SIMPLIFIED HOME SALES pg 50

GETTING A HOME LOAN pg 60

TIPS FOR HOME SELLERS pg 44

Beautiful, remodeled inside and out, this home features 4 bedrooms 2.5

baths, with rich hardwood flooring in the family rooms. When you walk into

the dining area & kitchen, you will notice the striking tile flooring. The

spacious kitchen is updated with kitchen cabinets, granite counter tops &

back splash. There is a pantry & 1/2 bath room just off the kitchen.

Upstairs has 4 bedroom which includes the large master bedroom and

bathroom, 3 other bedrooms & full sized bathroom, along with the laundry

room. The home is conveniently located just minutes from freeways,

shopping, and several golf courses, Big Bear Mountain, Mountain High and

Cal State University San Bernardino. Open floor plan with lots of upgrades,

wood flooring, cozy fireplace, media niches and a large backyard ready

for entertaining family and friends. Located on a cul-de-sac street.

2580 Redwood Court * San Bernardino

4 Bedrooms - 2.5 Bathrooms - 2,039 Sq. Ft. - $339,000

2580 Redwood Court * San Bernardino

4 Bedrooms, 2.5 Bathrooms

10074 Waterford Lane - Rancho Cucamonga

10074 Waterford Lane - Rancho Cucamonga

4 Bedrooms 3.5 Bathrooms

2,836 Sq. Ft. $899,900

In this prestigious, gated Alta Loma community known as Heritage Lane

Estates, close to world-class shopping & award-winning schools, you’re

sure to find the home your family has dreamed of! This inviting residence

and its flexible living space offer unrivaled convenience and luxury. The

Main House features 4 big bedrooms, 3 .5 bathrooms and over 2800 sf of

bright & open living space. Exquisitely appointed interior blends with lush

exterior design & landscaping to create "home" environment with

sophisticated appeal and privacy. Huge outdoor Kitchen with granite-topped

counters on the BBQ island with built-in Viking appliances and a Vinotemp

wine fridge. It’s a command center which overlooks a 440 SqFt palapa-style

covered patio surrounded by lush landscaping, bubbling fountains, a

fireplace and oversized paddle-blade ceiling fan. Space for large parties with

friends or extended family. Outdoor living on a truly grand scale and

amenities which encourage an active lifestyle. The Casita is a custom 1BR

1BA structure with 704 SqFt of elegance ideal as a “Man Cave” or Mother-In-

Law suite including Wine fridge, dishwasher, ice cube maker, microwave,

etc. See photos, then Call us today for a personal tour!

5798 Opal Court * Fontana

Living & Dining Rooms for formal entertaining. Rich Travertine tile sets the

tone and tall baseboards add a tasteful design element. Family Room is a

wide-open space where you can gather around the fireplace or engage your

family “chef” preparing dinner. Kitchen has a full overview of the Family

Room and Eating Area as well. Gleaming granite tile counter tops highlight

the spacious food prep areas here. Center island adds service as a Breakfast

Bar. Guest bathroom & Laundry Room just around the corner. Upstairs are 4

good-sized bedrooms, 2 more bathrooms and a big Bonus Room. Guest bed-

rooms feature ceiling fans & mirrored wardrobe doors. Guest Bathroom up-

stairs enjoys a dual sink vanity & linen closet. The Master Suite is a gener-

ous expanse you’ll treasure for restful relaxation. Sliding glass doors to the

Balcony and panoramic view of the foothills and majestic San Gabriel Moun-

tains. Backyard with swimming pool & spa, waterfalls, fire ring, covered pa-

tio, grassy play space, fruit trees and more. 3-car attached Garage, fully

landscaped yards, Award-winning Etiwanda School District, World-Class

shopping only moments away at Victoria Gardens regional mall & Ontario

Mills Outlets … and so much more! Square footage not taped, buyer to verify

all details.

5798 Opal Court * Fontana

4 2.5

2,765 sq.ft 485,000

$749,000

15516 Los Molinos St ▪ HacidaHeights

1836 Eclipse Street—Upland

2,863 Sq. Ft

Offered at $599,900

Location is perfect! Desirable Colonies community, where

superb shopping is only moments away and work commute

time is enhanced. Meandering walkways provide for healthy

exercise along a scenic foothill path. This is the house you’ve

been waiting for! From the street you can see evidence of

the owner’s pride & care with fresh paint indoors & out. In-

side you’ll see the rest of the story. 5 bedrooms, 4 bath-

rooms and nearly 2900 square feet of elegant living space

are yours here. One bedroom is downstairs, currently being

used as a nice Home Office. HUGE Dining Room for enter-

taining. Kitchen overlooks Family Room with its toasty Fire-

place and surround-sound environment. Upstairs you’ll find

3 Guest bedrooms plus the Master Suite. There’s no neigh-

bors behind, so the view deck from the Master view deck is

awesome! There’s a computer niche in the hallway which

makes a cool homework center. The Laundry Room is up-

stairs, very convenient, with sink & extra storage! Owners

installed & paid for an advantageous Solar package which

guarantees low energy pricing. Facing the drought, the own-

ers just installed artificial turf in the backyard …looks great

and reduces water usage! See this home today!

5 3.5

1836 Eclipse Street - Upland

"Fox Hollow” neighborhood where kids will benefit from the award-winning Alta Loma

School District. At double-door entry the staircase rises dramatically toward the sleep-

ing quarters. Formal Living Room & Dining Rooms reveal custom architectural

elements not found elsewhere. Toasty fireplace, too. Tile flooring adds value. French

doors lead to the covered patio. Family Room features a pot-bellied fireplace, hard-

wood floors, another custom bay window and built-in desk as a Home Office or home-

work station. Guest bathroom is opposite the walk-in entry closet. Kitchen has a

wealth of counter & cupboard space & commands a backyard view. Indoor Laundry

Room enjoys a chute from upstairs. Master Suite has its own Bay Window AND Balco-

ny! Master Bathroom has two ample closets (one is a walk-in), dual sink vanity,

separate tub & shower & Craft Room. The guest bedrooms are good-sized, one has a

retreat area. Backyard with covered brick patio, BBQ island, grassy play space,

storage shed, access to a bridle trail, gated 70’ RV storage (& dump station) & a free-

standing 1200 square foot Garage/Workshop (in addition to the 2-car attached

Garage!). Need room for 6 vehicles + a boat & trailer? You’re covered here!

4 4 3,050

SQ. FT.

5988 KIRKWOOD AVE—RANCHO CUCAMONGA, CA

5988 KIRKWOOD AVE—RANCHO CUCAMONGA, CA

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, invest-ment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be

more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the cur-rent mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather

than later could lead to substantial savings.

6076 FIRESTONE DRIVE - FONTANA

4 BEDROOMS, 2.5 BATHS - 3,501 Sq Ft

This 4 bedroom home has a very large floor plan with a

formal living room, separate formal dining room, family

room with fireplace, large open kitchen with center

island and separate eating area, upstairs has a huge

bonus room that can be used as second family room,

plus a separate loft area, all bedrooms are upstairs,

extra large master bedroom. This one will not last!

499,000

2535 RAINBOW FALLS CIRCLE IN CORONA

6 BEDROOMS, 3 BATHROOMS 3,045 SQ FT

This beautiful Corona home is located on a cul-de-sac, with upgrades inside and out.

From the upgraded hardscaped entry and front patio to the highly upgraded back yard

with a pool & spa, BBQ Island and covered patio with dual ceiling fans and rain gutters

are installed. Inside you will find upgraded flooring and plantation shutters plus custom

window blinds. It has a large open kitchen with a center island and upgraded cabinets

and a pantry. This home also includes a main floor bedroom with four other large rooms

upstairs plus a bonus room. The open floor plan has separate living room and family

room as well as a separate dining room. Other features include a dual climate control

system, and a tandem 3 car garage. Take note in the game room, the beautiful pool table

& custom made couch, which both will stay with the home.

3481 N. SILVERBERRY DRIVE IN RIALTO

Nice two story home In Las Colinas on a very large lot. This home

has a formal living room, Dining room, cozy a fire place in family

room, one full bedroom and full bath downstairs, kitchen has up-

graded granite counter tops with upgraded appliances, separate

eating area, plantation shutters in kitchen and family room, custom

interior paint, plush carpeting and ceramic tile flooring throughout.

RV parking on each side of the house, landscaped front and the

backyard has a concrete covered patio.

4 3 1,963

SQ. FT.

365,000

5947 Forest Glen Drive - Fontana

This home located in the Award Winning Etiwanda School District featuring

4 bedrooms for your little boy or girl. A Master bedroom that accommodates

the most lavish furnishings. King size master bath with a separate tub and

shower with his and her sinks. 3 cheery bathrooms to speed everyone happi-

ly on their way with a bedroom and full bath downstairs. Upstairs bonus

room for all your entertaining needs. A family size kitchen big enough to re-

ally move around in with Granite counter tops. Conveniently attached 3 car

garage with gated RV parking. Close proximity to local freeways and shop-

ping centers. See it now - then you'll believe in dreams come true. Square

Footage not taped, buyers to verify

6835 North Beechwood Ave 4 Bedrooms 3 Baths Lot 7,150sf

6835 North Beechwood Ave 4 Bedrooms 3 Baths Lot 7,150sf $299,000

Great Family Home in Verdemont Heights Area, New central air and Heating system

through Hero program $150 Special Assessment on property taxes. Master bedroom

with walk-in closet plus a large downstairs bedroom with walk in closet as well. This is

a 4 bedroom 3 full bath plus a loft with balcony. Large spacious open floor plan perfect

for any size family.

4 DEMANDS TO MAKE ON YOUR

REAL ESTATE AGENT

Are you thinking of buying a home? Are you dreading having to walk through strangers’ hous-es? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge just like a great doctor or great accountant. You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish the average agent from the great one. Here are the top 4 demands to make of your Real Estate Agent when buying a home:

1. Tell the Truth About the Price

Too many agents just take your offer at any price and then try to ‘work’ both the seller and you while negotiating later. Demand that the agent prove to you that they have a belief in the price you are offering. Make them show you their plan to get both the seller - and the bank - to ac-cept that price. Every house in today’s market must be sold two times – first to you and then to your bank. The second sale may be more difficult than the first. The residential appraisal process has got-

ten tougher. A recent survey showed that there was a challenge with the appraisal on 24% of

all residential real estate transactions. It has become more difficult to get the banks to agree on

the contract price. A red flag should be raised if your agent is not discussing this with you at

the time of the original offer.

(4 DEMANDS con’t)

2. Understand the Timetable with which Your Family is Dealing You will be moving your family into a new home. Whether the move revolves around the start of a new school year or a new job, you will be trying to put the move to a plan.

This can be very emotionally draining. Demand from your agent an appreciation for the timeta-bles you are setting. You agent cannot pick the exact date of your move, but they should exert any influence they can, to make it work.

3. Remove as Many of the Challenges as Possible It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

Remember: If you have an agent who was weak negotiating with you on parts of the purchase offer, don’t expect them to turn into a super hero when they are negotiating with the seller for you and your family.

4. Find the Right HOUSE!

There is a reason you are putting yourself and your family through the process of moving.

You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with purchasing. Do not allow your agent to forget these motivations. Constantly remind them that finding the right house is why you hired them. Make sure that they don’t worry about your feelings more than they worry about your family. If they discover something needs to be done to attain your goal (i.e. rethink-ing price), insist they have the courage to inform you.

Good agents know how to deliver good news. Great agents know how to deliver tough news. In

today’s market, YOU NEED A GREAT AGENT!

GINGERBREAD DR - Murrieta 5 BEDROOMS — 3 BATHS — 2,757 SQ FT

$380,000

CHADWICK PLACE– Riverside 3 BEDROOMS — 2 BATHS — 1,125 SQ FT

$244,900

There’s an All Stars agent that’s right for the job!

Call us and we’ll put the both of you in touch.

(909) 942-3003

7TH STREET—Victorville 4 BEDROOMS—2 BATH—1,920 SQ FT

$279,000

MORENO STREET—Montclair BUSINESS OPPORTUNITY

$40,000

YOUTUBE CHANNEL: rwAllStars

FACEBOOK: RealtyWorldAllStars

TWITTER: rwAllStars

WEB: rwAllStars.com & RealtyWorldAllStars.com

LOOK UP HOMES ON YOUR PHONES

OUR MOBILE WEBSITE ELIMINATES THE NEED TO DOWNLOAD A SPECIAL

PHONE APPLICATION. IT’S CLUTTER-FREE WITH A NO NONSENSE INTER-

FACE IDEALLY SUITED FOR SMALL SCREENS. YOU CAN EVEN REQUEST

MORE INFORMATION OR SET UP A SHOWING RIGHT FROM YOUR PHONE!

HomesOnPhones.com

Realty World ALL STARS Executive Offices

9520 19th Street

Rancho Cucamonga, CA 91737 DRE 01526169

Factors that Cause

Property to NOT

Sell...

LOCATION There’s no denying that a property’s location will be a factor

in determining its desirability. Let’s pretend your home is

located next to a fire station. Many people might immediately think

that is a negative thing. A professional agent will understand the many benefits of living

next door: reduced odds of burning down, lower fire insurance costs, paramedics close

by to handle medical emergencies! No matter where a property is located, there is a

ready, willing and able buyer who will benefit from living in that home!

CONDITION

Making a good first impression is important. Painting the front door and trim, fixing the

doorbell, clearing furniture clutter and counter tops are just a few of the things we will

suggest to make a better first impression on the buyer. That can make all the difference

in selling your home.

PRICE

How soon you want to sell has a direct relationship on the price you receive. If it is

important that your home sells quickly, then you’ll be looking for an all cash buyer like

real estate investors. Their motivation is low price! Our agents will assess an owner’s

motivation and timetable to help determine market value. We look to target the most

appropriate buyers needed to meet our client’s real estate needs.

TERMS

Many buyers, like those relocating from another part of the country, only look at homes

that offer immediate possession. If you want to remain in your home for weeks or even a

month after it has sold, you will reduce the number of buyers that are able to purchase

your home. That usually reduces your home’s value!

AGENTS

If you are serious about selling your home, it is important that you choose an agent that

will be honest with you and not sugar coat the facts or overprice your home just to get

your business. All Stars agents believe that their client’s needs come first. They will

share with you our proven marketing systems that have enabled us to help so many

sellers accomplish their real estate objectives.

923 Baseline Road - Claremont

469,000

3 2

1,455 sf

Charming and lovingly maintained single family Claremont home with a lovely view of Twin

Peaks! This light and bright home features a newly repainted interior and exterior with

high end Behr paint in neutral and soothing tones. Newer roof, a/c compressor. Kitchen

has been upgraded, offering stainless steel appliances, breakfast counter, and breakfast

nook which opens to the family room. Sliding glass door opens from the family room to an

expansive enclosed back yard oasis with olive trees, yucca, oleander, hollyhocks and

queen palms, as well as a patio, lovely rock waterfall and quaint decorative bridge. Oak

floor in the sunken living room with a cozy wood burning and/or gas fireplace. Ceramic tile

on the kitchen and family room floors. All new carpeting in the bedrooms and hallway with

wainscoting throughout. New bathroom vanities and lighting. The master bedroom fea-

tures a sliding door to the patio, walk-in closet, with double sinks in a new vanity. New

garage doors enclose the amply sized 3-gar garage. Conveniently situated in close proxim-

ity to the 210 freeway. Located within the acclaimed Claremont school district.

6280 Kinlock Avenue - Rancho Cucamonga

6280 Kinlock Avenue

Rancho Cucamonga

6280 Kinlock Avenue - Rancho Cucamonga

COMPLETELY REMODELED. You walk into the home notice the New & Beautiful 9/16"

Bamboo Flooring, looking around you will notice the Beautiful Custom Wood Cabinets

with Espresso Color & the White Quartz Counter tops, & those features flow throughout the

home in the 3 fully remodeled bathrooms, Hallway Linen Closet & Breakfast/Dry Bar

Cabinet. Between the beautiful cabinets your eyes will be pulled to admire the Glass

Backsplash & Stainless Steel Appliances which includes a 5 burner stove, Microwave,

Dishwasher, & Fridge all included with the home. The Fireplace is a Beautiful focal point of

the Living Room, notice the Custom Dark Gray Tile it looks amazing. The home has 2

amazing Master Bedrooms & Bathrooms, 1 is downstairs, 1 upstairs, all 3 bathrooms have

been completely remodeled with new custom tile shower enclosures, Rain shower heads,

vanities, toilets, light fixtures, shower & vanity fixtures. Bedrooms have new interior doors,

new closet doors, ceiling fans, light fixtures, & carpet. The home has new canned lighting

throughout, new interior & exterior paint, the garage floor has new epoxy floors. Home has

new front & rear landscaping, sprinklers, & enjoy the sparkling pool. New HVAC, Gated

R.V. parking

4

3

1,731

6280 Kinlock Avenue - Rancho Cucamonga

$444,000

How Can We Help?

The first step is for us to sit down together and have an informal, re-laxed, person to person discussion about the price and time frame you wish to meet in the sale of your home.

The next step is evaluating the right marketing plan needed to reach your goals. It’s a tremendous market advantage to have an individually tailored marketing plan for every home, and Realty World ALL STARS agents excel at this.

What Can We Do For You?

There are many things your ALL STARS agent does to find buyers: creating feature flyers for your home, holding open houses, developing ads and exposing your home to local and national REALTORS.

Surveys confirm that the more exposure your home receives, the faster it will sell for the most amount of money possible. Your ALL STARS agent will utilize the right technology and systems to maximize that exposure.

What We Stand For

By utilizing experience , Realty World systems, and a vast catalog of marketing resources, you will be assured of receiving the top market price for your property. Your ALL STARS professionals study the market daily and will keep abreast of the variables that influence the marketability of your property.

(909) 942-3003 ● rwALLSTARS.com ● RealtyWorld AllStars.com

WHEN YOU HAVE A PROFESSIONAL ON YOUR SIDE

SELLING YOUR HOME IS SO MUCH LESS COMPLICATED

Today, many real estate conversations center on housing prices and where they may be headed. That is why there is tremendous value in the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment and market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey: •Cumulative appreciation will be 19.5% by 2018 •Values will appreciate by 4.6% in 2014 •That means the average appreciation will be

3.6% over the next 5 years. •Even the experts making up the most bearish

quartile of the survey still are projecting a cu-mulative appreciation of almost 11.2% by 2018

Individual opinions make headlines. This survey is a fair depiction of future values.

Beautiful Summit Heights Home in Turnkey condition located in the

Award winning Etiwanda School District. This home features 4 bedroom

with bedroom and bath downstairs. Upgraded Kitchen with Corian coun-

ter tops with a center Kitchen Island and Glass Tile backsplash. Crown

Molding throughout with upgraded 4" baseboards and Ceramic Tile Floor-

ing. Laminate Hardwood flooring upstairs in the large bonus area and

Staircase. All bedrooms have walk-in closets and ceiling fans throughout.

Most window coverings are covered with Plantation Shutters with Dual

Paned Windows. Front Exterior Facia and Chimney has upgraded Stone

with beautiful landscaping and mature trees and the front and rear yard.

Everyday can be a vacation with a sparkling above ground pool and ja-

cuzzi with a Front covered Porch and covered rear Patio. In close proxim-

ity to local Shopping Centers and Freeways.

14947 Mt Wilson Lane in Fontana

4

3

2,992

SQ. FT.

$474,900

6950 PRESIDIO CT—FONTANA, CA

Gorgeous home with lots of upgrades! This large floor plan has upgraded

laminate flooring throughout, separate formal living room & formal dining

room, large open kitchen with upgraded appliances & granite counter tops,

all bedrooms are upstairs along with a loft/den area, interior custom paint

throughout, upstairs has upgraded carpeting and padding, backyard will

landscaped with concrete patio.

2.5 3

1,620 SqFt

4

$449,000

7667 HYSSOP DRIVE * RANCHO CUCAMONGA Updated single-story home on cul-de-sac street. 3 bedrooms, 2 bathrooms and nearly

1400 square feet of living space are yours to enjoy here. Wood laminate flooring in the

Kitchen and Family room adds an elegant touch and makes it really easy to clean up. The

large 8229 square foot lot allows for a wide range of options in the backyard. There are

NO neighbors behind, so the sense of privacy is outstanding. The covered patio will be a

favorite area to kick back & relax and the slider from the Master suite makes it so con-

venient. Upgrades to the bathrooms are another amenity you’ll appreciate. Ceiling fans in

the bedrooms add comfort and style. Square footage not taped by agents, buyer to verify

all details to their sat

$315,000

7667 HYSSOP DRIVE * RANCHO CUCAMONGA

8146 WISHING WELL LANE

CHINO

2.5 2

1,620 SqFt

$359,900

This lovely town home is located in the very desirable community of "The Preserve

at Chino". A master planned community with a great clubhouse and many unique

amenities offered to the residents. This town home is a bright corner unit with nice

view to green belt area. It is well maintained by original owner and has ideal layout

with 3 bedrooms, 2.5 baths, 2 CAR attached garage. Equipped with water softener

system, upgraded tile floor downstairs and upgraded carpet upstairs. Nice upgraded

kitchen with granite counter tops. It has crown molding throughout and ceiling fans.

It has an outdoor patio and master bedroom has a balcony overlooking the green belt

area. Fiber optics ready. The community clubhouse is served by staff during office

hours. Residents can also access the facility after office hours. At The Preserve

residents can enjoy state of the art fitness center, game room, hobby/crafts room,

media lounge/theater, billiard room, library, business center and conference rooms.

3

8146 WISHING WELL LANE - CHINO

Why is there so much paperwork mandated by the bank for a mortgage loan application when buying a home today? It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of paying the mortgage. During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.

2. The banks don’t want to be in the real estate business. Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million+ short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation. The housing crash that mandated that banks be extremely strict on paperwork require-ments also allowed you to get a mortgage interest rate probably below 5%.

The friends and family who bought homes ten or twenty ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s).

If you went to the bank and offered to pay 7% instead of less than 5%, they would probably bend over backwards to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are

able to buy a home at historically low rates.

TOKAY DR—Fontana 3 BEDROOMS - 2 BATHS - 1,525 SQ FT

$280,000

STADCO DR - Anaheim 4 BEDROOMS - 2.5 BATHS - 1,250 SQ FT

$399,900

COMMERCIAL OPPORTUNITY City of Dinuba

$105,000

MARIGOLD AVE - Ontario 3 BEDROOMS - 2 BATHS - 1,608 SQ FT

$390,000

There’s an All Stars agent that’s right for the job!

Call us and we’ll put the both of you intouch.

(909) 942-3003

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He authored a new paper on homeownership - The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available. “Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows house-holds to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You’re paying for housing whether you own or rent.

“Homeowners pay debt service to pay down their own principal while

households that rent pay down the principal of a landlord.”

HARVARD (con’t) 3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4. There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from in-come...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

TALK TO AN EXPERT (909) 942-3003

Find an ALL STARS Agent:

rwALLSTARS.com

Find out how you can get your home in the next Insider!

www.CareerAtALLSTARS.com - www.rwALLSTARS.com - (909) 942-3003

2 FACTS

1. HOME VALUES ARE UP!

2. Automated Home Price Estimates (like Zillow.com)

give terrible estimates.

Find out what your home is really worth.

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