Mahesh Mike Patel Realtor, Broker Associate. First Team Real Estate and Christie's International

One thing if for sure, when a house is stages to sell, it get more money than a house that is not staged and staged homes also sell faster! Usually seller pays for the staging, just like they would pay for cleaning and fixing up minor things et.

That is a very common question these days since the prices have gone up for over 10 years straight! As far the home prices in Anaheim hills Ca will crash or go, it seems like the prices nationwide are to go up by an average of 5% in 2022 according to the forecast out there so Anaheim Hills prices will go up as well at least in 2022. As of today , there are only 955 homes for sale in Orange County per MLS. that is a historic low, usually there are over 3000 or more homes for sale at any given time in the MLS in Orange County!!

Most likely the home prices will go up in 2022 as well. Not only there is a shortage of homes for sale in Anaheim Hills and Orange County, but there is a short supply of homes for sale Nationwide. With interest rates so low and so many Pandemic buyers, the demand is high so the home will sell much quicker than normal selling times so prices will go up. Buyers are also tired of paying high high rents so they are opting to buy a house instead.

When you buy a house in Anaheim Hills Ca or anywhere, it is highly recommended that you do a physical home inspection. So before you close escrow, hire a professional inspector and they will inspect the home. they will check your a/s, the air flow, the electrical plugs, the windows and a lot of things that our 'eyes' will catch while viewing the home. Then they will provide an inspection report with pictures, and based on that report and findings, you will know how much work and repairs and work the house needs. and proceed from there on the escrow....

Appraisals are needed mostly by the bank to giver you a loan. Banks or lenders want assurance that the property they are giving a loan on has the value of the agreed upon sales price.

Housing affordability is a way of gaging if you can afford to buy a house based on your income and expense ratio's. Currently in Anaheim Hills and and Orange county in 2021. Basically currently on average in Anaheim Hills and Orange county 44% of your income is going towards the house payment. Lenders also have a limit on what that ratio is based on the type of loan you have and your other assets or income that you may have. If you are over a certain ratio of payment, than you are not able to afford that house...

Seems like this shortage of homes has been lingering for the last 4-5 years. The combination of Covid19 and high demand due to the low interest rates has created an even more shortage of homes. Here are 3 reasons more homes will be coming on the market than usual: 1.Many homeowners decided to pause on selling in 2020 due to health concerns, Now they are thinking of selling. 2.Homes for sale will be coming on the market from those who have been impacted by the pandemic and are being 'forced' to move out of California. 3. There is a forecast that many homeowner may not be able to pay up the forbearance amounts coming due and there is a possibility that they may decide to sell while they still have equity in the house.

As of right now feb 2020: The real estate market in Anaheim Hills Is doing very well. Hee is the 92807 snap shot, which is pretty much the same in all areas of Anaheim Hills and most of Orange County... Homes in 92807 on average have: 4.7 Bedrooms 4.4 Bathrooms 3,307 Sqft There are 29 homes in the market that are selling in around 87 days, and most are selling at list price or more than list price. The low interests rates and the shortage of homes due to Covid has also affected the stats.

The right time to buy is when you are ready and able to. It is very hard to time the perfect time to buy.. as there is no such time.

This is a big concern for all sellers, specially in this market. there are several options when selling and buying. one is make it contingent to close on you finding a house and. closing at the same time, 2nd is to close your escrow and ask for a rent back to stay in the house ( lenders allow upto 60 days to stay) and worst case, if you are getting the price and terms you want on the sale of your house, is to move out to family and friends or rent temporarily... hope that helps

This is a good question. If you are ready, qualified and know pretty much what you want, it should not take you very long find a home for sale in Anaheim Hills or in orange county. Once you see a listing for sale and it is what you want and in the price range and area you want, best to make an offer right away. IT could take you 1 week to find a house in anaheim Hills or it take you months. IT all depends on your motivation and prepared ness.

The Best time to sell your house is when you are ready. As of April 2021, you may get the max price possible, so in that case it is a good to sell if your priority is max price... On the other hand, if you are selling to buy another house, you will pay max price.. So if you are waiting to buy at a lower price in the next year or so, you may get a lower price on your house.. Each seller has different circumstances, I will be glad to chat with you if are thinking of selling your Anaheim Hills Area house and see what is the best time to sell... Feel free to text or email or call me!

Sellers market is when there is a high demand for buying homes and so there is a so called shortage of homes. During these circumstances, sellers can sell their homes easily and at or more than asking prices. So basically they control the offer and has the final say and control of the offer or offers. So the market favors the sellers and so the sellers market.

whether you are closing a deal in anaheim hills or closing a brand new deal, it is always recommended to do the walk thru. A walk thru is basically insuring that the house is in the same condition when you opened escrow and there are no significant changes while in escrow unless those that were agreed upon by buyer and seller. It is also a good time to check on any repairs done that you may have requested. For brand new homes, you want to see that all the completion, colors or upgrades etc are done per you agreements!

Ordering a home inspection is highly recommended. As consumers we only see what we want to see and overlook many things... So it highly recommended to get a professional to do the inspections... they will find out any defects, or things that are not working or needs addressing. I just did an inspection on a home in Anaheim hills and found out that the air conditioning ducts in the attic were damages and had holes in them.. ! so you never know.!

Your offer may be rejected for many reason. The number one reason is if it is priced too low or it is a ridiculous offer and seller or the agent does not want to waste time working on the offer. Most of the times, you will get a counter offer, no matter how low the price is or the terms and conditions are off the charts. Usually if there are many offers in a hot sellers market, your chances of getting your offer rejected are high as there may be many good offers much better than yours. In a slow market, which we have not seen since 2012 to present,Dec 2020, if the house is sitting on the market for long, the sellers will usually respond to any offers and not reject the offer as they want to work with the buyers and come to an agreement.

Sellers usually respond right away as most offers have a written deadline for the offer. So it is best that they respond to all offers within that time frame, or else your offer is voided. Usually most seller respond within 2-3 days unless they specifically mention that they will wait for more offers for a few days or they are out of town etc...

When you buy house and after your offer is accepted, you have to give them a deposit for the agreement and monies towards your down payment. so on the first few days you send money to the escrow company, usually the deposit amount is 3% or less of the purchase price. This shows good faith and a sealed agreement to proceed with the escrow and to initiate all the paper works and inspections and appraisal etf. When there are several offers, as the market is very competitive, the more the deposit, the stronger your offer looks!!

In a normal market, you can view 3-10-20 and decide on which home you may want to write an offer. But in this market near Anaheim HIlls housing market and Anaheim Housing market, where there is a shortage of homes ,as of Jan 2021, and there are a lot of buyers out there looking to buy a house due to the low interest rates, see as many homes as you can in one day and write up an offer. Due to Covid19, there are restriction to view homes, I highly recommend viewing virtual tours, driving by the neighborhoods and also driving by the actual homes for sale. Once you see these homes, pick one and write an offer and hopefully you are lucky enough to get your offer accepted. It is a crazy market right now, homes are selling over list price and there are 3-5-10 offer on the table on the great well priced homes! Good Luck !

This question is a tricky one and what applies to one seller may not apply to another seller. If you find the house that you are looking for and can qualify to buy, the it is a good idea and your choices to rent out your current home and or sell it after you buy the new home. If you need the down payment from your current home to buy an qualify for the 2nd home, then obviously you have to sell first and buy on a contingency basis. If you cannot find a house right after you sell your current home, you have to find temporary housing until you find the new home.. s of Dec 2020 the market is very hot, specially in the Anaheim Hills orange county area as there is low inventory and due to Covid19, some seller are not putting their homes on the market. A lot of sales are contingent sales as most need the down payment from the current homes.

That's a good questions. There is no set an answer for how much down payment you need to buy a house. If you are a VA, you can buy a house with 0 down! you can also get an FHA. ( govt loan) where you can put down approx 3.5% downpayment. If you can afford to put at least 20% down that is highly recommended as you save PMI, private mortgage insurance, which is charged monthly if you put less than 20% down payment. It is very common to see 5-10 % down payments when it comes to buying your first home! The more down payment you put,the less the monthly payments you have!

Thanks for the questions. In Ca or at least in our area here in Anaheim Hills and OC, typically the buyer does not pay any commissions to the buyer agent. Typically the buy agent gets paid by the seller agent. so lucky buyers! don't have to pay their agents!

Home buying is one of the most important purchases you will make. One of the first steps to take in buying a home is talking to a lender and see How Much of a home you can buy. You don't want to overbuy and burden yourself with high payments. So you want to talk to a lender and he/she will tell you based on your income and expenses what size you home you can purchase based on the down payment you will put down.l The rest is easy..

There are 2 terms commonly used .. when the market is hot and homes are selling fast... it is a seller advantage. then there are times when the market slows down for whatever reason, and the homes are sitting on the market for 90-180 days or so and there are too many homes on the market.. that is a Buyer's Market,.. this is because with so many homes for sale , the buyers have the advantage to negotiate better prices and terms within reason... hope that helps

I have worked with buyers, sellers and investors. Buyers include first time buyers to luxury home buyers. Most of my business comes from my past clients and people who refer me buyers and sellers all the time.

I would highly recommend talking to an agent and to price at market value, rather than what you think it is worth. Br Pricing it at market value, the house should sell within 21 days versus sitting on the market for months and months

Great that you decided to buy a house, first step is qualify and get approved for a loan, reduce debts, work on your credit score, decide on the area you want to buy a house in and set a date to purchase.

well if you ask me, I think they are very reasonable compared to Southern California Edison: Anaheim has it's own electric company , the Anaheim utilities and here are the average rates in Anaheim and Anaheim Hills CA The average residential electricity rate in Anaheim is 15.18¢/kWh. This average (residential) electricity rate in Anaheim is 1.04% less than the California average rate of 15.34¢/kWh. Anaheim, CA Electricity Rates | Electricity Localwww.electricitylocal.com

I would say Anaheim is a great place to raise kids. I moved to Anaheim way back to raise kids in Anaheim! Anaheim offers great schools, work places, easy shopping and lots of entertainments for little kids and adults kids. There is also Disneyland and other fun venues! I would recommend Anaheim to anyone.

Home inspections are not required but are highly recommended. A home may look good to the home buyer, but there are so many things we cannot 'see', so it is best to have a home inspection done by a professional inspector. they go thru the whole house room by room and check to see if everything is working or safe. Specially good to check on a/s system check the city and county codes, water pressure and so many little things that may or may not be working... We highly recommend it

I highly recommend physical inspection when buying a house, even if the house if fully remodeled and updated. There are many things we as buyers cannot see or tell right away regarding the conditions, example the force of the heater or a/c may not be appropriate or the water pressure etc.. So it is worth doing home inspections, it is worth spending approximately $350-500 per inspections.

Holidays are absolutely a great time to sell your house in Anaheim HIlls and Anaheim. here are 3 reasons, although there are many more.. 1. Other sellers are on hold, so you have less competition to sell your home. 2. Buyers who are looking to buy are Serious buyers and not just looky loos! 3. Homes usually look better during the holidays to easier to sell. ... hope that helps

The best way to save money for a downpayment, whether you buy in Anaheim or any where is to first decide to buy a house! Once you decide to buy a house, talk to a Realtor or a lender and ask them what type of loan you would qualify for based on your income and current debts.. Let's say they say that you may qualify for a 500000$ house and you can qualify for an FHA loan which is a government special loan... in this case you only need 15,000$ for a down payment and you can give yourself 6 month or a year or 2 years to save up. or if you get a conventional loan with a 10% down then you need to save $50,000 dollars! This can be done by cutting unnecessary expenses, working extra hours or overtime if you can, saving on taxes and also see if you can borrow from friends and family. there are other ways, but I just wanted to give a general scenario....!

The real estate market in Anaheim Hills in orange county seems to have been very busy, there's a shortage of homes, and the increases are very low, and that trend seems to be going on for at least a year or two years, so the election impact will not be anything significant, in fact it will be business as usual as the last one or two years prices will be holding as long as the interest rates hold

A good buyers agent is someone who understand what you are looking for in a home and the areas you are looking for. He also understand your loan limits and down payment conditions. The other important aspect for making a good buyers agent is that he or she is familiar with the area, the prices trends and also have access to off market properties and has a a lot of contacts and network with other local agents so that will make the home search easier and more importantly have your offer accepted in this competitive market. As you may know, in the Anaheim Hills housing market, there is a shortage of homes so every bit helps.

Selling in the pandemic and in this Covid19 environment is very possible. It all boils down to how soon do you want to sell or do you have to sell right now. If you have to sell right now in the pandemic, your house will sell if it is competitively priced and the exposure and marketing is provided!. Home are selling briskly, within a few weeks, especially in areas like Anaheim Hills and Yorba Linda and Orange. There is a big shortage of homes, so if you decide to sell, it will sell right away, assuming you are using the right agent who is familiar with your area and will do the right virtual marketing for you. Hope that helps.

A good listing agent is an agent who is going to support you and will get you the highest price possible. They will also help you prepare your home for sale, help with staging if necessary and during these Covid19 days, have as much exposure online with Virtual tours and social media advertising as possible. He should also guide you in your move up or move down process, all these with the least hassle to you, and ofcourse doing all this in the shortest period of time. In Anaheim Hills if the homes are priced at market value, they are selling within 21-30 days! feel free to ask me for a FREE booklet for 15 questions to ask a Realtor when selling your home.

Selling in the Holiday season is absolutely a great time to sell. Specially this year, as there is low low inventory and there are a lot of buyers with these low interest rates. It is also a great time to sell in the holidays, because buyers who are looking in the holidays and christmas season are serious buyers and some are buying to close by the end of the year for tax reasons as well.. Plus houses show better and are decorated so that also helps.

the best way to write a winning offer is to prepare for the offer. Find out what the seller wants, offer your highest and best offer, try to use an escalation clause and have a full approval letter with your offers. here is more info on tips for writing winning offers: 7 tips to writing winning offers. https://youtu.be/wdLjOsFRnqo

yup you are still upset . we went thru this scenario, and you lost the case, and you are coming back after all these years.....