Serving the Inland Empire Cities of Chino, Ontario, Chino Hills, Riverside, Pomona, Montclair, Rancho Cucamonga, Upland and the surrounding communities, call Michael Lovelace and Virginia De La Mora-Lovelace, your Century 21 Home Realtors.
Anything and everything you need to know about selling and buying a home can be found here on our website!
Together everyone acheives more, therefore our clients are the "Most Valuable Players" on our team. We are dedicated to providing the best service to all of our clients, we exceed our clients expectations as a Realtors, giving our clients more service than they expect. (click here to see client's testimonials)
When you choose a Realtor, you should expect a high level of personal attention, a straight forward honest approach and a comprehensive process to ensure your goals are met smoothly and successfully. With the combined 41 years of Real Estate experience, you can surely expect to receive that from "The MVP Team".
A few key attributes to look for in a Realtor include:
A Strong Marketing Plan
Detailed Knowledge of the Local Market
Outstanding Negotialing Skills
A Personalized, Client-oriented consultative approach
Integrity, Honesty and a High sense of Obligation to serve your
needs first and always!
We hope this is helpful information. Please call the MVP Team for further questions and/or concerns. We can help you with this as well, at no charge.
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LISTINGBOOK - search for your DREAM HOME using the best source of information available
Make an informed decision - With Listingbook, you have access 24/7 to in-depth detail on properties, price history, photos and more!
Organize your home search - Easily find and save your favorite homes and share them with your agent. Get notified of any relevant property changes instantly!
Shop your way - Shop for your home anywhere, anytime and rely on your agent's expertise when you need it! |
Start house-hunting
now to qualify for tax credit for first-time home buyers
First-time homebuyers-those who have not owned a home for at least three years-may be eligible for the $8,000 federal tax credit, but the window of opportunity is closing rapidly. To qualify for the credit, the buyer must close escrow by midnight on Nov. 30, when the tax credit expires. Buyers hoping to take advantage of this benefit are advised to start house-hunting early, as the buying and lending processes takes time.
MAKING SENSE OF THE STORY FOR CONSUMERS
Finding the right house can take some time, so REALTORS recommend home buyers start looking for a home as soon as they are able and ready to purchase. Buyers also should build in extra time to accommodate the lending process, which is taking approximately two weeks longer to process this year compared with last year.
The tax credit is equal to 10 percent of the purchase price, up to $8,000, subject to income limits. Single taxpayers are eligible if their modified adjusted gross income is $75,000 or less, while married taxpayers filing jointly must have a modified adjusted gross income of $150,000 or less.
Only primary residences are eligible for the federal tax credit, including new or existing single-family homes, townhouses, condominiums, manufactured homes, custom homes, and houseboats. Vacation homes and investment properties do not qualify.
Purchases must be arms-length transactions, meaning the seller cannot be the buyers parent, grandparent, child, grandchild or spouse.
Married people filing as such cannot claim the credit if either spouse has owned a primary residence within the last three years. However, unmarried joint purchasers may allocate the credit in any way they see fit, as long as it does not exceed the $8,000 maximum.
The government will allow those who finance their purchases with a federally insured loan to apply their anticipated credit immediately toward closing costs or as additional down payment, rather than waiting until they file their 2009 taxes to receive the refund.
NEW STATDIUM COMING TO TOWN!
Click on this link to read the full article http://sgvtribune.com/stadium
Mortgage Protection Program now extended through 2010 See more details here: http://www.car.org/3550/pdf/204893/MPP_Mkt_Packet_Jan_2010.pdf
Signs of Life from the Real Estate Market
Some housing markets, especially those with the highest rates of foreclosure, are receiving multiple offers on properties, as declining home prices enable more first-time home buyers to enter the market, and investors are enticed by the opportunity to purchase properties at favorable prices.
MAKING SENSE OF THE STORY FOR CONSUMERS
Some homeowners who are underwater also are at risk of foreclosing, enabling home buyers to purchase these homes at favorable prices. Often, lenders are more willing to negotiate a short sale on a property if it will cost less money than a foreclosure. While this should create an opportunity for home buyers to negotiate the sales price of the home, in some cases distressed properties are receiving multiple bids, especially those in highly desirable neighborhoods.
Home sales in areas near government, defense contractor, healthcare, biotech, and university jobs are flourishing, as more people relocate to these areas for employment opportunities.
How to improve your credit score
 More than ever, that three-digit number could cost you. Lenders have begun imposing fees for everyone who doesn't fall into the top tier of credit - and that's a whole lot of people.
"Let's say 680 got you the best rate on a mortgage 24 months ago," says John Ulzheimer, a credit expert with Credit.com. "Today you need to shoot for 780 to 820 to get the best deal."
Boosting your credit score from 660 to just 740 can lower your mortgage rate by a quarter of a point. To improve your score, focus on paying down debt, which will bring your crucial debt-to-credit ratio down.
Did you purchase your home between 2005 and 2007?
Mortgage Forgiveness Debit Relief Act of 2007
California Market Analysis
No question - we are in a "down" real estate market. The question is: Who does this hurt, and who does it benefit? This month, we will discuss the winners and losers in the current real estate market. LOSERS -- If you purchased a home in the last two years and need to sell in this market you have been hit hard by lower prices. Unless you had a down payment of at least 15-20%, you will likely need to bring in additional cash or will need financial assistance in order to close escrow. You also could be hit hard if you purchased your home with a low down payment and an adjustable-rate mortgage that is now adjusting to a significantly higher monthly payment. In appreciating markets, you could refinance into a low-interest, fixed-rate loan. With the current market conditions, that option does not exist. WINNERS -- Buyers who could not afford the higher prices of two years ago may now be able to afford to enter the marketplace. This market also presents opportunity for investors who look for two ingredients -- low prices and low interest rates. Since both are present today, we look to see 2008 as an investor-rich market. There is a third category into which the majority of people fit. Most people fall into the unaffected category. They own a home that they do not plan on selling in the near future. although the market has trailed down, history suggests it will be on the rise in the future, and they virtually vitually unaffected by this "down" estate estate market. In conclusion, real estate can be a volatile short-term investment, but it is a stable investment of the long term.
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12 Free Services That Pay Off For Buyers |
To buy a home, you need to see things clearly. Knowledge and experience can sharpen your vision, and that's why it pays to shop with real estate professionals. Buying, of course, involves much more than driving around neighborhoods and looking at homes. As experienced real estate professionals, we can offer you the following 12 services (and many more) to make your house hunting a successful and satisfying process.
We will: 
- Go over your present and future housing plans to help you decide what kind of home will best suit you.
- Go over your budget, to help you arrive at a realistic, affordable price range.
- Explore with you all the suitable homes for sale in the Multiple Listing Service.
- Acquaint you with the area, the variety of neighborhoods, shopping spots, and educational, social, religious and recreational facilities.
- Explain the differences within each neighborhood, to help you decide which is most compatible with your interests and investment plans.
- Show you any home listed by our office, by any other MLS Realtor, or any home advertised by any agency's yard sign.
- Help you evaluate the advantages and/or drawbacks among the various homes you examine.
- Provide you with the specific information you need about area taxes, government, and laws.
- Guide you concerning the various financing plans currently available for home purchase.
- Present your offers during offer and counter-offer negotiations.
- Assist you through the process of home inspection and buyer/seller agreement concerning responsibility for property condition and conveyances.
- Counsel you throughout settlement procedures, to make sure that your interests are well protected.
These are only a dozen of the services we provide to home buyers. To get started, simply give us a call. We'll help you determine what price you can afford and explain how different financing plans can save you money in monthly payments.
We would be happy to represent your interests in purchasing a home. Give us a call for more information! |
A Great 'How-To' Website
Click here for more information
Activities, resources, and advice for moving with children.
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Code of Ethics: What it means for consumers
