Musings of a Career Consultant

SoCal Texan in Bmore Leading Rock Stars

My, Oh, May! May 7, 2010

May is a rather busy month for most  (and for me, too) but this year is coming with quite a force! First of all, my middle sister turns 24 this month and her daughter (my precious niece) is 3 today! My sister and my mom will be getting a call from me Sunday professing my gratefulness of both of them! I also have to recognize my godmother, aunts and not-a-mothers out here in SoCal! So many amazing women for little, ol me (i.e. luckiest girl in the world)!

This got me thinking about strong personalities that came before me and had me searching for quotes from some of my favorite women of the last century… Here are some gems that ya’ll might like:

  • You must do the things you think you cannot do. -Eleanor Roosevelt
  • I’m not funny. What I am is brave. -Lucille Ball
  • I’m no model lady. A model’s just an imitation of the real thing. -Mae West
  • A woman in love can’t be reasonable – or she probably wouldn’t be in love. -Mae West
  • It’s all make-believe, isn’t it? -Marilyn Monroe
  • I think the main reason my marriages failed is that I always loved too well but never wisely. -Ava Gardner
  • We are taught you must blame your father, your sisters, your brothers, the school, the teachers – but never blame yourself. It’s never your fault. But it’s always your fault, because if you wanted to change you’re the one who has got to change. -Katharine Hepburn
  • Never complain. Never explain. -Katharine Hepburn
  • Love is not enough. It must be the foundation, the cornerstone-but not the complete structure. It is much too pliable, too yielding. -Bette Davis
  • I don’t sit around thinking that I’d like to have another husband; only another man who would make me think that way. -Lauren Bacall
  • Elegance is innate. It has nothing to do with being well dressed. Elegance is refusal. -Diana Vreeland
  • Love is a fire. But whether it is going to warm your hearth or burn down your house, you can never tell. – Joan Crawford
  • I had a rose named after me and I was very flattered. But I was not pleased to read the description in the catalog: – ‘No good in a bed, but fine against a wall.’ – Eleanor Roosevelt

Also, this month is a bittersweet reminder of my wonderful grandmother. Honest, strong, determined and a great cook! Dej mi pusu!

And the real reason this month is so nutty compared to most is because of the recent Credits (both Federal and CA). Lots of Buyers that got in before the expiration and lots that were waiting for it to expire so they could stop fighting as much for properties. Very busy summer ahead but with Kristin studying for the bar (Eek!), I have no distractions and plenty of time to work hard!

 

April 30th & May 1st April 30, 2010

These are very big days any home Buyer. April 30th marks the last day a Buyer can be in a fully executed Contract and qualify for the Federal Tax Credit. And, May 1st marks the beginning of the California Tax Credit. Some, but not many, will actually get both credits for up to $18,000 in credits! This is huge and has brought an onslaught of Buyers to the table. Those that were on the fence, jumped off. But what does the end of these credits mean?

Well, interest rates and home prices will remain low. In fact, some Buyers might walk away for a while and save up some more (money) before writing (offers) again so we might see a dip in the market over the summer (which is highly unusual). We won’t really know what these credits coming and going will mean until they’ve already come and gone.

My advice, as always, is to buy only when you’re willing and able. If you try to push yourself into homeownership, you could find yourself in over your head. It’s a huge responsibility and if you’re not mentally and financially prepared, it can quickly be more than you’re prepared to handle. Best rule of thumb for my renters is to figure out what your mortgage would be and start saving the difference between your rent and the mortgage amount. Not only will this prepare you for the mortgage payment each month but you’ll begin building your down payment amount!

 

3 Closings in One Week! January 29, 2010

I’ve been very blessed with getting 2 Buyers into their 1st homes and helping an investor on a flip property! I love when all the work comes together!

I’m busy wrapping up lots of work before I head to Indian Wells next week. And, man, is there a ton!

They’ve started highlighting some of the subjects we’ll be talking about and they’re all very worth conversations. First off, California is trying to make their own tax credit so when the Federal Government’s Tax Credit Expires, we’d want one in place that’s similar.

Also, we’ll be looking at getting a statewide standard for property maintenance. Some cities are really good about taking care of their code violations and some aren’t. We’d like to see something that isn’t so spotty.

We’re also going to be voting on something for the HOAs. Right now when and HOA wants to change the rules, it just has to be a majority vote.  We would like to see a 2/3 vote. This protects the HOA that someone purchases in from major changes without major agreement.

We’re also expecting some new news from Fannie and Freddie regarding the process and what we can expect for the future.

And, one that’s close to my heart, the editing of the Purchase Contract. With as many Short Sales and REOs that our Buyers are writing offers on, we need to make sure that we’re protecting them in every way we can. Also, one of the changes would address the issue of technology that is hanging on the wall. Per the Contract now, anything attached to the home is included in the sale unless expressly written otherwise. How many times do you think that someone doesn’t even think about writing that their TV is coming with them? All the time!

I’ll update ya’ll when I get back from the CAR Meetings in Indian Wells with lots of information!

And, stay tuned for YPN events that are coming up… they’re going to be great!