Musings of a Career Consultant

SoCal Texan in Bmore Leading Rock Stars

Rent to Own? Why, may I ask? June 7, 2011

I have gotten an abnormal amount of calls over the last couple of months asking if leases are available for “rent-to-own” and I still haven’t figured out the mystique.

Every time I explain my POV (point of view), this wonderful person on the other end of my BlackBerry (yes, I’m with AT&T and, no, I don’t want an iPhone), nods through the phone and picks up the logic I’m putting down.

Here are my thoughts: You’re renting, right? You want to eventually own a place, right? Those are both awesome and okay! How do we get you from one to the next? Probably not with a rent-to-own. Why?

First off, there just aren’t that many out there. In this market, most investors have already seen the tide and they’re staying on their surfboard/in their boat/whatever. They’re going to keep owning their rental so they can keep making money… High fives, them!

Second, the biggest piece of a rental is that it’s not permanent and that once you’re ready for some much-needed stability, you can find it in buying a home of your own. Why take away the flexibility of a rental and commit yourself to this home? What if you have a(nother) kid? What if you change jobs? What if you don’t like that eclectic bongo player next door anymore because you grew out of that phase?

And, lastly, where did you get this idea anyway? Are you secretly reading blogs or articles that I’m missing? I seriously read WAY too much about all things real estate (technology, politics, trends, etc.) DAILY! How’re you reading about the fabulosity of the rent-to-own yet I still want to talk you out of it? Just curious.

End of story? Just rent/lease or just own. Let’s not muddy the waters in between anymore than your Lender would want you to…

Should you have any questions about anything you’ve read here or if you’re interested in another city in Southern California (particularly the San Gabriel Valley or Inland Empire), please feel free to call your favorite REALTOR Smile

And, I can always send you a FREE Market Analysis on your home, just ask.

 

How’s The Market? March 16, 2011

That depends! Are you looking to Buy, Sell, Invest or Rent?

In Glendora, the average price is $423,273. There’s about 17.18 months worth of inventory which labels the city as a Buyer’s Market (but certain areas of the city are a Seller’s Market). Properties are staying on the market on average 138 Days (and if that’s a regular sale, that’s WAY too long but it’s very understandable for Short Sales). The average price per SF is $263 but make sure you’re reading that right… the AVERAGE. Different communities will have different numbers. And, there’s approximately 171 properties on the market.

Should you have any questions about anything you’ve read here, would like more details about a certain area of Glendora or if you’re interested in another city in the San Gabriel Valley or Inland Empire, please feel free to call your favorite REALTOR 🙂

This information was obtained through Altos Research, LLC.

 

Real Estate is a Vivrant Thing February 14, 2011

Filed under: Uncategorized — mkzabora @ 12:04 pm
Tags: , , ,

Getting in my car at 5:15 am (up since 4:30 am… I would say that’s rockstar but it’s really not… it is, however, Real Estate Rockstar!) this morning for Spin, I was begging for no talk and more music. Luckily, I scanned and landed on a song from my Freshman year of High School: Vivrant Thing by Q-Tip. In case you’re wondering, “vivrant” is the combination of “vibrant” and “vivacious” and even though he’s talking about a woman, some of the lyrics reminded me of my day-to-day. Peep this (sorry, I’m feeling old school)…

  • Check it out now: Yea, guys! For my Buyers: low interest rates, low housing prices and increased inventory…  For my Sellers: 1st’s being taken care of during Short Sales in CA, lots of Buyers ready to buy your home and Prop 60 and 90 are just waiting for you… Check it out now!
  • Make my plans and you always in it: My whole life revolves around my work so as a client or colleague, you are always a part of my daily plans. Feel special?
  • Give each other space and not the evil eye: I honestly haven’t shown a home in a while (Thanks, Rigo!) but when I do, I hang back and let my Buyers take as much time as they want. If I start talking, I’ll just keep talking and, like I always say, I don’t have to live here – you do. I don’t want my opinion to influence them.
  • Sweeter than Ben & Jerry: For me, this is when we get over our hump: getting Short Sale Approval, Funding the Loan, Closing the Escrow (whatever it may be).
  • Movin’ to your town and situation: I’ll go anywhere you want to go and I’m prepared to work with you no matter what kind of situation you’re in. Believe me, if I haven’t been there or seen it, that doesn’t deter me from figuring it out and/or enlisting help… I love learning!
  • You buy, I sell, we split big cake: Um, we can have cake when we close, if you want.

I know this is kind of ridiculous but I felt like having a little fun on this Monday… oh, and Happy Valentine’s Day! Coupled or single, enjoy the day!