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REAL ESTATE

Tag : REAL ESTATE

Don’t have money for a down payment?

Shima 0 comments 02.02.2022

Those who have bought paid an average of 7% down. According to the FEDS, large student loan debt caused long-term financial damage to many millennials. 55% of millennials who have enough a home say that they had to make a financial sacrifice such as limiting vacations.

24% of millennials say they cannot purchase a home because they don’t have the down payment.

Fortunately, there are numerous C.A.R. down payment assistance resources, including FHA, FANNIE MAE, and FREDDIE MAC plans.

 Above are a few ways to buy a home with $0 down.

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Congratulations, Josh!

Shima 0 comments 03.03.2021

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About five years ago, my old friend, Josh, from North High told me he wanted to buy a house. I periodically would check in with him to keep him accountable for his goal. Then last year, he realized that the prices of homes were not going down and that he should probably take advantage of the low-interest rates.

Fast forward to the end of 2020 ➡️ we began to aggressively look at homes. Since he was very clear about what he did and didn’t want, it helped me weed out any homes I felt he may not like ahead of time. This prevented him from getting burnt out and also, not wasting his time looking at homes that would not be for him. However, as soon as we walked into this home, he said, “This is it. I need this one, Shima.”

The pressure was on as I now had to do WHATEVER it took to get him this house. I called the agent and gathered as much information as I could and am happy to say, we beat 24 offers and several cash offers, all thanks to Josh trusting my judgment and coming in strong with very clean terms.

I can’t tell you how much this means to me to have earned your trust and loyalty. I look forward to helping you buy many more homes in the future as I know this is just the beginning.

Congratulations on becoming a homeowner!! ?? See you at the housewarming!

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How to get qualified for a house

Shima 0 comments 28.09.2020

Unless you intend to buy a home with all cash, you will need to discuss your financial options with a licensed mortgage advisor. ?? To begin the loan application process, you will need to gather several records. ?

Above are ???? of the most common documents a lender will ask for.

⭐️ Please remember, I will happily send you a list of my TOP preferred lenders that I have not only worked with and trust- but can ensure their professionalism and reliability in helping you throughout the entire process. 

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If a FLIP for me?

Shima 0 comments 28.09.2020

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Does the picture above just make you cringe? ? This is often a huge red flag for me that a home may come with lots of loose ends due to a poor flip job. ? I mean, was the builder so busy that he couldn’t properly measure this tight corner?

A flipped home is simply a renovated and aesthetically-improved version of a seemingly distressed property. ? Sometimes it’s merely cosmetic changes such as a paint, new carpet, and landscaping- which is why you’ll see a home quickly come back on the market after it’s been “flipped.” ?

Determining if YOU should buy a house that’s been flipped comes down to several key indicators, and the most critical is to assure a home has been safely built. A licensed home inspector will help us find any flaws a home may have by inspecting matters we cannot visually see — such as, does the house have a secure foundation, stable walls, consistent water pressure, etc.

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To Remodel or Not?

Shima 0 comments 28.09.2020

Image may contain: house and outdoor, text that says 'SOMETHING OLD, SOMETHING NEW. Which one is for You? TRADITIONAL ARCHITECTURE VS. MODERN ARCHITECTURE @SELLWITHSHIMA'
Can’t help but ???? in love with Tudor-style homes.

There are several features that make them “Tudor,” including steeply pitched roofs with multiple gables, decorative brickwork, and often an iron door that gives it a Medieval look. 

It’s the tall windows that have numerous square or diamond panes for me!  They are so unique and give character to the home! However, “older” homes that feel “outdated” aren’t for everyone. Most first-time buyers are looking for modern and upgraded homes. However, you’d be surprised what you can create from an “old” home. Above is a great example of how YOU can take original architecture and make it modern, all while keeping its traditional features.

Deciding whether an “OLD” home or “NEW” home is for you will depend on several factors, including the amount of work needed to make it functional and what changes you’ll have to do to make it aesthetically pleasing to the eye. 

When viewing homes, it’s not always easy to look beyond outdated features, but I promise if you can look beyond paint color and finishes- you’d be surprised what you could find and even create. 

Remember, there’s always more to what meets the eye in Real Estate. 

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Sellers Market

Shima 0 comments 28.09.2020

Image may contain: text that says '@sellwithshima ATTENTION SOUTH BAY HOMEOWNERS INVENTORY IS DOWN DEMAND IS UP fyou have had thoughts of selling, now may be the time to get Top Dollar! Call Me Today for a Free Home Evaluation Shima Razipour REALTOR DRE #01972569 Mobile 310.489.0929 MOVOTO the KONDO GROUP ESTATE'
ᴡᴇ’ᴠᴇ ɢᴏᴛ ᴍᴏᴛɪᴠᴀᴛᴇᴅ ʙᴜʏᴇʀs!!!! 
A lack of listings means a ???? strong market for sellers. 

Imagine buyers fighting it out to own YOUR home. Fighting it out means you get you’ll get multiple offers with a shorter list time at top dollar.

Run, don’t walk... the market is hot NOW. 

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Paving the way for the leaders of our next generation

Shima 0 comments 21.06.2016

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Every Wednesday, I will share a resident of the South Bay contributing to making our community a better place.

Today’s WCW title belongs to Christi Ginger Carrillo, who is the chairman of YPN which seeks to create leaders for the next generation of real estate and to bring positive awareness of what realtors do, and help agents excel in their business.

Christi grew up living between Texas and California before she moved to Lomita, CA. Today, Christi is the chairman of YPN, which is a group of young minded Realtors (not all young in age) which have a purpose of being the support system for new agents just starting in this business. She says, “We are also here to pave the path for the new generation of leadership in our local, state and national Association of Realtors.” They are also in charge of engaging with the community, organizing and funding community outreach projects to help impact local areas in a positive way.

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Her duties are to be a positive example of leadership and help her committee achieve their goals. She has to organize and conduct all committee meetings and have agents see the value of supporting the YPN with the local association. In addition, she is in charge of putting the annual calendar together, allowing the committee to vote on what projects they will be involved with and support the association in growth and be active in participation with all events. Lastly, she must always be friendly and approachable to all Realtors.

YPN’s main goals are to seek out Realtors who wish to be involved in Leadership. She says they have three educational classes a year, a networking event every other month, and have at least two community outreach projects a year. The purpose of the networking events is to allow agents to form relationships, discuss business, have fun, provide a support system, and raise money to fund the community projects.

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Christi loves being involved mostly for the relationships she has created while doing this. “The gratification I get from contributing and making a difference in other agents’ lives and in our community. I love the opportunity that it has given me to grow in my business and as a person,” she says.

Other can contribute in many ways. They can become a committee member and volunteer their time to the events and meetings and by also having a voice in what educational classes are needed to help new agents. Others can also contribute by attending the events and networking. Most of the networking events cost $5 or $10 to attend, which helps YPN reach their financial goals for the community projects.

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For anyone who’s hesitant to join, Christi says, “If you’re a person who loves to engage with others, give back, and grow, then this is the committee for you. Full of positive and upbeat energy, and also looking to excel! If you feel that you don’t have the time, to join the committee board, then it’s just as important and appreciated to support the events with attendance when you can.”

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She says to those who believe that the time and effort it takes to dedicate to running a committee would hinder their business, she’d totally disagree. “When other agents know who you are, it’s more likely they will want to do business with you and also see you succeed, when your clients see that you are active in the local community, and do things like travel to legislative day our State Capitol to support Home Ownership rights, it’s appreciated and gives you value as a REALTOR, when social media sees that you care and are involved, it gives you extra value that other Agents might not offer, which helps your business,” she says.

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Despite her busy schedule, Christi is able to balance her life as an amazing mother and wife. She says that she truly feeds off of the hectic schedule. She has always believed in having a strong work ethic and continually growing and always seeing the “big picture.”

 She says that she has taken on more than she can handle before, and had to recently step down from being the WCR President Elect. “It took me being honest with myself, to know that I didn’t have the passion for the group, and I wasn’t able to commit the kind of effort the group needed and deserved. It’s really a hard pill to swallow when you feel like you let others down. Sometimes I feel the need to please everyone, and it’s just not possible,” she says.

Thus, she has found ways to prioritize her busy schedule. She says her family is always her first priority and her passion comes next. “Passion is key, cause the business and money follows that. My passion has always to grow, and help others.”

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She hopes to make it on the Board of Directors for the Palos Verdes Association and in the near future, to become a Team Leader of a real estate office. She is able to balance her workload by remembering not to stress, avoid negativity, and drama! “We are all here to learn, grow and give back... otherwise I’d feel like I had a void,” she says.

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Christi enjoys living life to the fullest, but also enjoys the simple things in life such as, laughing with her kids, traveling and meeting people. She loves taking small trips that allow her to recharge. “I’m someone who loves wine and champagne, so fun to me is just laughter with good company. “On the side note, I do like skydiving & horseback riding,” she says. In addition, she enjoys shooting and going to the river each summer!

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Christi also gives back to the community by first and foremost teaching her children by example. She brings her children to community events so that they remember the importance of staying humble and to give when they can. In addition, she took her niece in when she was 14 so that she didn’t become a ward of the state, cause she knew she could have a positive impact on her life. She also has given back to her sister’s family as her nephew is fighting cancer, gives to her church financially and is involved in her office’s culture events, where they give back to the community.

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Christi loves the South Bay, because of the diversity in the people. She says that the mixture of people here is not like anywhere else she has ever been. “I love being close to the ocean, and also just being 30 min away from Downtown LA... The South Bay has some amazing people here,” she says.

Thank you, Christi, for dedicating your time and energy to pave the way for our future leaders and leading by example to the youth to be positive and influential members of society!

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“Take away the ‘opportunities’ that happens through meeting others. The amazing connections that happen when you become involved, there is traveling and growth that is truly priceless. It allows you to grow in your business and as a person.”

Christi Ginger Carrillo

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Benefits to owning a home.

Shima 0 comments 09.04.2016

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Buying a home is the largest single investment most people ever make, and this also makes it one of the most important decisions they will face.

Below are 10 reasons why it is important for everyone to own a home.

Freedom and Privacy

When you own your own home, you are not subject to the occasional inspections of the premises by the landlord.  You can paint, decorate, or improve the property as you like.

Inflation Protection

Your rent can keep going up, as do house prices.  Once you purchase a home, you, not the landlord, reap the benefits of its appreciation in value.  Historically, home prices will maintain value even in recessionary times, and increase in normal or good economies.

Tax Benefits

Many interest deductions have been eliminated from the IRS regulations, yet mortgage interest on your home is a very healthy deduction, especially in the first years when the bulk of your payment is interest.  Other deductions are also available to homeowners for energy credits or other improvements.  Property taxes are also deductible.

Improvements

Speaking of improvements, a renter gains nothing when he improves the house he lives in.  A homeowner reaps a return on those improvements when the house is sold.

Retirement Security

Unlike rent, which goes on forever, a mortgage is paid off at some point in time.  This can provide a “rent-free” retirement dwelling for you.

Environment and Lifestyle

It is usually apparent whether a neighborhood is made up owners or renters.  Homeowners have a financial stake in their neighborhood, and consequently take better care of their property.  This, in turn, helps your property continue to increase in value.

“Trading Up”

In today’s real estate market place, not everyone can afford their ideal home as their first purchase.  By purchasing any home and gaining by its appreciation and any improvements made, many people are able to sell their first house and “trade up” to that ideal home of their dreams.

Investment or Income Property

A second home can be an excellent tax deduction and investment.  Interest on a second home is also tax deductible, and you will be able to gain profits and tax benefits from renters.

“Effective” Interest Rate

The interest you actually pay will be much less than you think, on the first impression.  Because the interest is tax-deductible, you may be able to change your withholding or receive a larger tax refund.

Curious if you're qualified to buy? Give me a call today to find out.

 

 

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Searching for more than just eggs this Easter?

Shima 0 comments 25.03.2016

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We’re not even half way done with the first quarter of the new year and it seems as though all the good homes are tricky to find just like the most rewarding eggs!

Experts predicted early on that the housing market in 2016 would be a seller’s market. Fast-forward to March and it is evident that home prices are increasing, inventory is low, and there are many buyers looking for the same things.

What should you know?

In a seller’s market, there are more buyers than sellers. This tends to cause discouragement in buyers as they find themselves competing amongst others for the home of their dreams.

Certainly, buyers must keep an open mind and stay prepared to move quickly. If one should find the home of their dreams- they should act now as statistics show that 85% of buyers who say they plan to buy a home in the next year, say they will wait until late spring or early summer. Luckily for buyers who begin their house hunt early on, face less competitors with just as many homes for sale.

When choosing a mortgage, it is helpful for buyers to shop around and meet with several lenders. By speaking to different parties, you will find you have multiple options to choose from and are not putting all your eggs in one basket.

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As for sellers, prime home buying season usually begins in April and reaches a peak in June. When choosing to list your home during the prime months, as a seller, you are benefitting from a larger population of buyers and potential bidding wars. Surely, this brings in higher prices and quicker closings.

Frankly, by pricing a home to sell accurately, based on comparable sales, buyers will naturally be attracted to the home. It is therefore essential to price a home adequately for the market.

Undoubtedly, it is important to get the right help when buying or selling.

Remember, you surely don’t have to house ‘hunt’ alone… I’m only a ‘hop’ away from helping you and those you know during such a monumental time.

I wish you a happy Easter and spring!

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Am I Qualified to Qualify?

Shima 0 comments 08.03.2016

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Often times I am asked,

“Shima, how do I get qualified? What are the requirements? Is it easy?” 

In order to better assist all my friends & clients, I’ve asked lender, Pooyan Fard to share below the basics.

Hope you find it helpful and if you have any other questions, don’t hesitate to send me an email and I will gladly answer any questions you may further have.

What are the basic requirements?

 When it comes to loan applications, it really matters to know what is going to make a difference. As most of other things in this blessed country there is no limitation for who can apply for a loan but to actually get the loan it really helps to know what is needed as the basic requirements. Gone are those days that one could get a mortgage for X amount without the lender verifying his/her ability to repay and in order to make sure the are no more malpractices in mortgage lending, very strict rules and regulations are in place. Here I briefly explain the 4 basic requirements that lenders are supposed to verify when granting a loan and the term we use in mortgage industry is the 4 Cs. It stands for; Character, Credit, Capital, and Collateral. In the next section I will briefly explain the 4 Cs.

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 What are the 4 Cs?

        The first C, Character refers to the character of the individual borrowing the money and it will be a very important factor in determining whether the person is going to repay the loan as the payments will fall due. The lenders will use their due diligence to make sure they are going to lend money to the borrowers who are responsible and reliable.

The second C refers to the borrower’s credit. Theoretically, according to FHA guidelines one can get a loan with a credit score as low as 500 but practically the minimum required score is generally 620.

The third C refers to capital which is the amount of liquid asset the borrower has to prove the borrower has some fair amount of savings that can be used for different purposes such as down payment, reserves or impounds and also the cost involved for the transaction. Therefore the liquid assets like the money that borrowers have in their bank accounts or stock or investment accounts play an important role in the decision made by the lenders.

The last but not least C refers to collateral. For residential loans always a collateral is required and it would be the property for which the borrowers are getting the loan. That is why there is always an appraisal needed for the residential loans. The appraisal helps the lender to verify that the property is at least worth as much as sales asked price and then according to the value the loans will be granted. This way in case the borrower defaults on the loan the lender is confident they can get the money they have invested in the property back by taking over the property.

For further questions, please contact Pooyan Fard. 

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