Temecula Real Estate Podcast with Sidney Kutchuk

Benefits of a Murrieta Short Sale over a Foreclosure

sidney@realtywrks.com (Sidney Kutchuk) — Wed, 15 Mar 2017 09:25:00 -0700

The advantages of choosing a short sale over a foreclosure from a Murrieta short sale expert

If you are going through a tough financial situation and are worried that you have no choice but to let the bank take your home, this might not be the wisest decision for you.

As a Murrieta short sale expert, I have seen how selling homes as a short sale have benefitted homeowners who may have otherwise lost money and a good credit standing.

Here are a few benefits of doing a short sale:

You are in control of the sale, and not your lender or the bank.
You can spare yourself and your credit score from the stigma of foreclosure.
You can sleep better knowing who the next owner of your home will be.
Your short sale will be handled by a Murrieta short sale agent like any other normal home sale, with dignity and respect.
You can still be current on your payments while doing a short sale.

The waiting period to buy a new home is shorter after a Murrieta Short Sale

According to the latest Fannie Mae 2016 guidelines, you can reapply for a new mortgage 4 years after a Murrieta short sale, with a 10% downpayment.

If you applied for a short sale due to extenuating circumstances, you can reapply for a new Fannie Mae mortgage 2 years after the short sale, with appropriate documentation of the extenuating circumstances. If you went through a foreclosure due to extenuating circumstances, the waiting time would be 3 years instead of 2 years

You can also qualify for an FHA loan 1 year after a short sale.

Keep in mind that Fannie Mae and FHA guidelines are not a guarantee that you will be able to buy a home after those suggested timeframes since banks still have the final say and they might have overlays which can change the guidelines set forth by the government. Check with an experienced Murrieta short sale expert on available options you have when it comes to applying for a new mortgage after a short sale.

A short sale does less damage to your credit report compared to a foreclosure

A short sale does not appear as “short sale” on your credit report but as “paid in full for less than agreed” or “settled for less.” Certain HAFA guidelines allow for “no hit to credit” and can show up as paid in full. On the other hand, a foreclosure leaves a heavier dent on your credit report and remains there for 7 years.

Deficiency Judgments after a short sale vs. foreclosure

Deficiency judgments are negotiated between the short seller and the lender. In California, if the Murrieta short sale home is your personal residence and was financed through purchase money, you won’t have a deficiency judgment.

On the other hand, after a foreclosure, banks are usually unwilling to negotiate deficiency judgments.

According to the California Association of Realtors, a deficiency judgment can be filed regarding a hard-money loan if the lender forecloses under a judicial foreclosure versus a trustee sale, or if the second loan is a hard money loan and the sales takes place as a trustee’s sale.

You can ask your Murrieta short sale agent about these if it is too technical or hard to understand.

It’s easier to apply for a loan after a short sales than a foreclosure

Loan applications do not require you to include information about your Murrieta short sale. You can simply report your home as “sold.”

However,, you will be required to answer the question “Have you ever had a property foreclosed upon or given a deed-in-lieu thereof in the past seven years. Your loan may be denied if the lender sees you have had a foreclosure in the past seven years.

Going through a financial hardship does not mean you have no choice but to foreclose your home. You can call a Murrieta short sale expert and ask about how to go about the short sale process so you can save yourself from the hassle of a foreclosure or visit http://www.temecula-shortsaleagents.com for more information about doing short sales.

Call me, Sidney Kutchuk, now at 951-217-6745, to get expert advice on Murrieta short sales. With my years of experience with successful short sales, I can guide you smoothly through the short sales process and help you avoid the pitfalls and stress that most sellers go through during the short sales process.

In case you can not view this video here, please click the link below to view Benefits of a Murrieta Short Sale over a Foreclosure on my YouTube channel: https://youtu.be/ICL9itS3C7A

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27276 Albion Ct Temecula CA 92591 | Home For Sale

sidney@realtywrks.com (Sidney Kutchuk) — Thu, 16 Feb 2017 12:10:00 -0800

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Grab this chance to own this beautiful home in Temecula Ca.

Set on a corner lot in one of the beautiful neighborhoods in Temecula is this beautiful two-level home for sale.

With 5 bedrooms, 3 full bathrooms and a 3-car garage, this single family home has an understated frontage but with a surprisingly stylish interior that you will surely love.

If you are looking for a move-in ready home with all the modern amenities you want, plus the convenience of being close to parks, shops, and schools, this is the home you have been looking for.

Reside in one of the best cities in Riverside County.

Temecula is one of the best cities in Riverside County and it has amazing neighborhoods, with Harveston being one of them.

Harveston is known for its impressive 17 acre Lake Park and homes in Cape Cod style.

This community offers a lot of amenities to its residents including a sports park, walking and biking trails, an Olympic pool, and a stunning community center. In fact, the community home is popular because there are always event being held there, be it weddings, parties or community activities.

Harveston is near Highway 15 and Old Town. It is also located close to many wineries.

Do you know that Temecula is Southern California’s top wine region?

There are over 40 great wineries in this area to choose from so you can spend days just going around the different wineries for wine tasting!

Fall in love with the cheerful ambiance of this Temecula home for sale’s living room.

Be welcomed by this home’s beautifully landscaped front yard as you walk to its front door.

Step into a bright and lovely living room, with wide windows that let in plenty of light. With its pale cream colored walls and dark wood floor, you have a very stunning setting for your choice of seats.

A well-chosen sofa set with a side table and lamp can turn this living room into a cozy spot, best for relaxing and welcoming friends and guests who are visiting.

From the front door, you can see an elegant looking staircase with wooden handrails that lead to the second level.

And if you follow the path of the foyer from the front door, it will take you to this home’s combined kitchen and dining area.

Unleash your inner chef in this home’s impressive kitchen.

Hold your breathe and be amazed at this home’s sleek and modern kitchen.

The combination of granite countertops, gleaming stainless steel appliances and dark stained cabinets have never looked as good as they are in this kitchen.

Add the kitchen island and recessed lighting to that picture and you have a gourmet kitchen that can clearly impress anyone.

Set on big marbled tiles, this home’s kitchen looked like one of those kitchen showcases on model homes. That is how amazing this kitchen is!

At the other side of the room you will find the dining area.

Like the foyer and living room, the dining area has polished wooden floors.

Place your heirloom dining table and chairs in the dining area and you’ll have fantastic combination of modern and rustic feel in this home’s kitchen, giving it a very inviting feel.

This combined kitchen and dining area is spacious, open and well-lighted.

The clear sliding door that leads to the covered patio allows light and also provides a great visual when you are inside the home.

A special custom feature

Right beside the kitchen is another room where you can place a round table for a more formal setting.

This spot is well-spaced and cozy, perfect for a more intimate meeting and for those romantic dinners with your partner.

Adjacent to this cozy room is an ample sized bedroom with carpeted floors and sufficient lighting.

You have the option of using this as a guest bedroom especially for older relatives who do not wish to go up and down the stairs.

Or you can turn this room into an office so you have a place for your personal documents.

A secure and private retreat for your family

When you reach the top of the stairs, you will be greeted by a large and open family room.

A perfect place for your family, you can make it more personal by posting enlarged family photos on the wall.

You may also wish to install your a TV on the wall, and place comfortable couches so everyone can be relaxed while watching their favorite movie or TV series.

The carpeted floor of this home makes it also a great location for your children’s play area if you have little kids.

Find privacy and retreat in the confines of the master bedroom.

Make this home’s master suite your private retreat, away from the hectic schedule of your work and activities.

Designed to allow as much light as possible through the wide windows, the room is bright and open and yet looks cozy and intimate.

This expansive room can certainly fit your king size bed, along with a few more furniture, and still give you and your partner room to move freely.

Get the best sleep and rest on your warm and comfortable bed.

Prepare yourself for the day in the ensuite bathroom with double vanity counter and smoked glass shower enclosure.

Another surprise waiting for you in the master bedroom is the massive walk-in closet!

Now you have plenty of space for those clothes, bags and shoes you use on special occasions.

It is so big you can even store there those clothes that do not fit your kids anymore.

The other bedrooms of this Temecula home for sale are just as cozy and beautiful as the master bedroom.

They also provide sufficient space for a study table, along with a few other furnitures you may want to put in the rooms.

Have tons of fun in this home’s picnic-like backyard!

If you think the interior features of this home is fantastic, brace yourself for more surprises waiting at this home’s backyard!

Do you remember the sliding door I mentioned in the kitchen area? Well, that door opens up to the most amazing view of this home’s backyard.

Let’s start with the patio and permanent outdoor dining.

This patio is the perfect spot for those moments when you wish to simply just relax, breathe in fresh air, and have a cool glass of drink.

The permanent outdoor dining can be the best place for your parties and family time.

There is something to be said about eating out while listening to the chirping of birds and rustle of leaves that can be so relaxing and soothing.

At the side you can see a built in barbecue grill, best for family outdoor bonding activities or when you are entertaining.

Another special feature you can see outside this home is the outdoor fireplace. Imagine having friends over on a cool evening, having a glass of wine and talking while chatting around the fire.

A few steps to the left of the fireplace is an in-ground and oversize spa where you can relax and let the water ease your body’s tension.

You can also add some daybed and an outdoor playground for the kids and your fun picnic-like backyard is set!

This Temecula home for sale is clearly designed for fun, entertainment and convenience. Get this home now for ONLY $554,663. If you want to know more about other similar Temecula homes, you can visit this website - www.RealtyWrks.com.

Call me, Sidney Kutchuk, at 951-217-6745. As one of the premier real estate agents here in Temecula, I am here to assist you find the best home for your family.

If you cannot view this video, click here to get to my YouTube channel: https://youtu.be/MZX7yIvluDw

Do You Really Need a Temecula Short Sale Expert to Sell Your Home?

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 24 Jan 2017 22:27:00 -0800

Sell your short sale without added stress!

As the last step before a foreclosure, short sales can become an anxiety-inducing event in a person’s life. Just imagine how much time and money was spent on purchasing that dream home – only to end up having it listed under Temecula short sales.

Simply put, a short sale is when the seller needs to unload a real estate property for a price that’s lower than the amount needed to cover the mortgage.

It’s the last step before a foreclosure and while it’s not an ideal situation to be in, it’s definitely smarter than declaring bankruptcy.

Homeowners resort to short sales due to various personal financial difficulties. But no matter what type of situation your credit is in, you can definitely score an excellent deal on a short sale – you just need to know more about the entire short sale home-selling process.

What are the advantages of a short sale?

For buyers, purchasing a property on short sale is a great way to get your dream home at a much lower price. Sure, the entire home buying process takes way longer in comparison to buying a Temecula home for sale, but the price is definitely worth the longer wait time.

For sellers, short sales help protect your credit, prevent a foreclosure, save money on closing costs, and allow you and your family to stay on the property until the sale is completed.

Put my years of experience to work – here’s why you need my help as a Temecula short sale expert:

1. You will learn more about the entire short sale process.

As an experienced agent in short sales, I can help you get familiarized with all the industry jargon and other technicalities that you won’t be able to find anywhere online.

I can help make things simpler for you and your family to understand clearly the steps a seller of a short sale property undertakes.

2. You don’t have to spend all time in meeting potential buyers.

One of the tasks of a short sale agent is to meet with the possible buyers and their respective agents. Spend more time with your family by having someone else help you take care of the open houses and talking to buyers.

3. Your real estate agent will go to meetings with lenders with you.

It’s definitely not an easy task meeting with bank people who speak a different kind of industry jargon than you. Having a licensed California real estate agent who’s also an expert in Temecula short sales can help ease up any possibly stressful meetings.

4. Enjoy a worry-free short sale process.

We will be more than willing to handle all the selling stress for you. We have years of experience under our belts. It’s our responsibility to ensure that our clients are free of any unnecessary stress when selling a home.

If you need help in selling or buying Temecula short sale properties and don’t know where to start, go to: www.Temecula-ShortSaleAgents.com.

Call me, Sidney Kutchuk, at 951-217-6745 to schedule a confidential interview to go over your specific situation and to see if you qualify to sell your Temecula property as a short sale. We hold your information in strict confidentiality.

In case you can not view this video here, please click the link below to view Do You Really Need a Temecula Short Sale Expert to Sell Your Home? on my YouTube channel: https://youtu.be/WqeWg-KyW1c

Expert Selling Tips from a Temecula Short Sale Agent

sidney@realtywrks.com (Sidney Kutchuk) — Sun, 8 Jan 2017 22:00:00 -0800

Should you short sale your home?

Most sellers can easily get confused with short sales. What exactly is it and will you get any benefits from it? Let’s break it down.

If you’re putting your home up for sale and it doesn’t get a high enough offer to cover your mortgage, but you need to unload that property so you take that low offer. Simply put, a short sale is when you end up “short” on paying back your mortgage and your bank agrees to accept an amount that’s less than what you owe on your loan.

Most of the time, homeowners are pushed into short sales due to personal financial difficulties which makes it impossible for them to pay their monthly mortgage.

It’s hardly an ideal situation to be in, but it is definitely smarter than allowing yourself to declare bankruptcy or foreclosure on your property.

What are the benefits of a Temecula shortsale?

Short sales allow you to stay in the property until the completion of the sale. Foreclosures, on the other hand, force you and your family to evacuate the premises immediately.

Short sales do less damage to your credit report than foreclosures. In a few years’ time, you might even be able to apply for a mortgage and purchase a new home for sale.

You will not incur any closing costs in a short sale. The bank will foot the entire bill once the sale is closed.

As a Temecula short sale expert, here’s where I can help you. Put my years of experience to work for you!

Here are the top 3 tips to secure a successful short sale:

1. Understand the potential consequences of a short sale.

Some home sellers are so eager to let go of the property that they don’t think about what happens after they close the sale. Laws vary by state, but there are a lot of states that allow lenders to go after the balance that is left on the loan after the sale.

While lenders are not obliged to approve Home Affordable Foreclosure Alternatives (HAFA) short sales, this is one way to avoid a deficiency judgment. Through this HAFA federal program, lenders release the borrower from any potential deficiency judgment.

2. Apart from working with a trusted REALTOR®, you also need to talk to a real estate lawyer.

A short sale is time-consuming. It can take months to close. While I can help you with the entire selling process, as a real estate expert, I suggest that you discuss legal matters such as the potential tax implications, protecting your other assets in the future, and more with a trusted lawyer.

3. Keep up with you Homeowner’s Association dues.

You do not want your property to look like a foreclosure. As such, it is important for your home to be properly maintained, if you would be putting this up on short sale.

Don’t stop paying your homeowner’s association dues or condo dues. You don’t want this to hinder the buyer from purchasing the property just because of the unpaid dues he or she has to shoulder after the sale, do you?

If you need help in selling or buying Temecula short sale properties and don’t know where to start, simply visit www.Temecula-ShortSaleAgents.com.

Call me, Sidney Kutchuk, at 951-217-6745 so we can schedule an appointment today!

Why Do We Love Helping Temecula Buyers?

sidney@realtywrks.com (Sidney Kutchuk) — Wed, 20 Jul 2016 10:49:00 -0700

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The team here at Realty Works believe that when we help people buy or sell a home in Temecula, we are giving them the keys to a wonderful place to live. It’s the place we have chosen to raise our family, and we want to help others be able to raise theirs here as well. Today, we’re going to talk to some of our satisfied customers about how we were able to help them purchase a home in Temecula with minimal stress and big results.

When the government changed regulations while Matt Moyes was in escrow on the house he wanted to buy, the whole thing fell apart. We were able to help Matt implement a plan B and save the home. He is now the happy owner of a great property in Temecula.

The Realty Works team has been in this town for many years. We know all the developments, communities, and neighborhoods. We have great relationships with local Realtors, lenders, and mortgage companies as well.

“

We take pride in what we do, and we are committed to satisfying our clients’ needs.

”

We are a smaller boutique office, so you are not going to get lost in a crowd. We are all cross-trained in all aspects of real estate so if one agent can’t answer your question, another agent most certainly can. We aren’t pushy and we aren’t going to force anyone to buy or sell if they aren’t ready. We go through a detailed process with all of our potential buyers to make sure they are getting exactly what they are looking for.

I was in the Marine Corps, so I deal a lot with marines that are coming back home and purchasing a home. I have to work with these people through the computer, without them being able to see any properties in person. So far, my clients have been 100% satisfied the first time they see their house in person. That’s because we take pride in what we do, and we are committed to satisfying our clients’ needs.

If you have any questions for us, or are interested in buying a home in Temecula, please give us a call or send us an email. We look forward to hearing from you!

La Cresta view acreage near the Santa Rosa Plateau - 19.34ac

sidney@realtywrks.com (Sidney Kutchuk) — Mon, 23 May 2016 11:01:00 -0700

Take Advantage of the Many Opportunities in Temecula

sidney@realtywrks.com (Sidney Kutchuk) — Fri, 25 Mar 2016 08:55:00 -0700

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One of the great services we provide is property management. For those that are not ready to buy or sell a home here in Temecula, we manage many rental homes that have many benefits.

We have a really unique way of letting you into our rental homes. You don’t need an agent to show you the properties because we allow you to give yourself a tour. Any of our rental homes are open from nine to five, and you can get access to them via electronic lock boxes.

If you need a reason to buy or rent in Temecula, we’ll give you a few. For one, Temecula was chosen by the FBI as one of the safest cities in California. We have a beautiful old town area here, and our homes are modern, clean, and new. The weather is gorgeous, we have wonderful wineries, mountain views, and excellent shopping.

We have a warm and inviting office we bring our clients to in order to discuss their goals with one of our very experienced agents. We know and love this area, and would love the chance to earn your business! For more information about our team, please visit RealtyWorksPM.com. We look forward to talking soon!

What Makes Now a Good Time to Make a Move in Temecula?

sidney@realtywrks.com (Sidney Kutchuk) — Mon, 29 Feb 2016 16:27:00 -0800

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Currently, there are 335 homes actively for sale on the market. The average price is $450,00, which is a 3% increase year-over-year. There are 167 homes that are under contract and pending, and these should close within the next 30-45 days. Additionally, we’ve had just over 200 closings so far this year! So, all in all, the market has been quite active so far this year!

One interesting thing we’ve seen is that one in five people who have bought a home so far this year were cash buyers. That’s not the only surprise: interest rates have fallen even though most experts have predicted them to rise! This news, combined with low gas prices, means buyers in the Temecula area have a whole lot of buying power!

Overall, we’re in a pretty good market. The playing field is pretty even for both buyers and sellers, so it’s not a bad time to make your move. If you’re interested in talking learning about the market in your specific area, or if you need assistance with anything real estate related, reach out to us today. We’re always available to help!

How Can We Help You Accomplish Your Real Estate Goals?

sidney@realtywrks.com (Sidney Kutchuk) — Thu, 4 Feb 2016 15:25:00 -0800

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I wanted to take a quick moment today to remind you that Realty Works is a full-service real estate office. We have staff that can help you with any type of residential real estate needs.

We're specialists in short sales and property management. In fact, you may have seen me around or in videos talking about property management, as that is my personal specialty. We know how to help you with buying your next home, selling your next home, divorce sales, probate sales, bank-owned sales, and almost anything residential.

We have the experience here at Realty Works to help you with any of your real estate needs. Give me a call on my personal cell phone at (951) 215-6745 with your questions and concerns. I would love to hear from you!

How we helped Rick Hernandez by always being available.

sidney@realtywrks.com (Sidney Kutchuk) — Wed, 27 Jan 2016 13:41:00 -0800

We had a positive experience with them! Our agent was Michelle, and we had a great experience. Michelle made herself available to us at all different times of the day and she answered every question we had. We had one day in particular where we needed to get paperwork submitted as soon as possible. Michelle was sending us things at five in the morning making sure we did not miss the deadline that day. She understood we are working folk and not everything happens between nine and five o'clock.
- Rick Hernandez, Home Seller and Home Buyer

A Spring Home Selling Tip for Temecula Sellers

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 19 Jan 2016 07:27:00 -0800

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If you're selling your home this spring, you have to consider El Nino. We have already had quite a bit of rain, so when buyers walk through homes they are often checking that the roofs are able to hold the water. They will also be checking your drainage systems to ensure that the water is getting away from your foundation.

If you choose to sell with us, we will do a thorough inspection on your home to ensure that everything is in order prior to a sale. This way we can prevent any unwanted surprises, because we will probably see something that you have not. We highly recommend this pre-sale inspection, because it can alert you to many other issues than just a bad roof.

Please don't hesitate to contact us if you would like to buy or sell a home in Temecula. Now is a great time to enter the real estate market!

Tips for Holiday Decorating on a Budget

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 8 Dec 2015 16:41:00 -0800

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The holidays are approaching. Today, we thought we'd do something a little different and share this festive video on holiday decorating tips from HGTV. Designer Angelo Surmelis shares several great ideas to spread holiday cheer throughout the home. Here are some of our favorites.

Pay attention to the mantle. If you don't have some already, buy some kind of garland to drape over the mantle. Next, use leftover ornaments and candles to add light and texture. When choosing ornaments and candles, ensure they are in the same color-palette. This helps make your mantle a great focal point!

Use smaller Christmas trees. Every house has their main Christmas tree. In addition, you can also purchase smaller, inexpensive, eco-friendly trees to place throughout the home. Decorate these trees with strips of fabric from a T-shirt in holiday colors to save money for the main tree.

Use what you have. Be resourceful. Adding a plate charge and place mat to your everyday dining set adds some jazz to your table. Fresh-cut flowers and candles will help finish the look. You don't need grand, expensive candles -- a little candlelight goes a long way!

As you can see, it doesn't take much to make your home feel more festive. If you have any questions, give us a call or send us an email. We would be happy to help you!

Should I Sell During the Holidays?

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 24 Nov 2015 14:22:00 -0800

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If you’re a seller, people may have told you now isn’t a great time to list. However, I’m here to assure you otherwise. It’s definitely an opportune time to sell in Temecula!

Because many people keep their homes off the market, there’s less competition for you. Your home has a better opportunity to stand out now compared to the spring.

Secondly, there are serious and highly motivated buyers. They need to buy before the end of the year. They’re not window shopping.

If you’re considering waiting until February to list, give it more thought. You might have a better shot now. Give us a call today if you have any questions!

Hear From Our Buyers How We Were Able to Help

sidney@realtywrks.com (Sidney Kutchuk) — Fri, 16 Oct 2015 12:32:00 -0700

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale

We believe that when we help people buy or sell a home in Temecula, we are giving them the keys to a wonderful place to live. It’s the place we have chosen to raise our family, and we want to help others be able to raise their families here as well. Today, we’re going to talk to some of our satisfied customers about how we were able to help them purchase a home in Temecula with little stress and big results.

When the government changed regulations while Matt Moyes was in escrow on the house he wanted to buy, the whole thing fell apart. We were able to help Matt implement a plan B and save the home. He is now the happy owner of a great property in Temecula.

Kirstin and I have both been in this town for many years. We know all the developments, communities, and neighborhoods. We have great relationships with local Realtors, lenders, and mortgage companies as well.

We are a smaller boutique office, so you are not going to get lost in a crowd. We are all cross-trained in all aspects of real estate so if one agent can’t answer your question, another agent most certainly can. We aren’t pushy, we aren’t going to force anyone to buy or sell if they aren’t ready. We go through a detailed process with all of our potential buyers to make sure they are getting exactly what they are looking for.

I was in the Marine Corps, so I deal a lot with marines that are coming back home and purchasing a home. I have to work with these people through the computer, without them being able to see any properties in person. So far, my clients have been 100% satisfied the first time they see their house in person. That’s because we take pride in what we do, and we are committed to satisfying our clients’ needs.

If you have any questions for us, or are interested in buying a home in Temecula, please give us a call or send us an email. We look forward to hearing from you!

How Can We Help You Manage Your Investment Property?

sidney@realtywrks.com (Sidney Kutchuk) — Thu, 24 Sep 2015 13:04:00 -0700

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Did you know that Realty Works offers help in more than just buying and selling properties?

One of the other services we offer is property management, which has two sides to it - the tenant side and the property owner side. For property owners, we have a great flat rate fee to get your property managed professionally. It's only $99 a month!

To learn more about our great property management services, visit www.RealtyWorksPM.com or give us a call! We would love to hear from you!

The Best Place to Live in Temecula

sidney@realtywrks.com (Sidney Kutchuk) — Wed, 19 Aug 2015 13:34:00 -0700

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Today I want to provide a brief real estate market update for one of my favorite places in Temecula: Harveston Lake. This is a fantastic development if you want to buy a home in Temecula. There is a lake, walking trails, a clubhouse, and more.

Temecula has a lot of beautiful parks, but this one just might be the best. If you're interested in viewing a property, please contact me because they're going to sell fast.

Now for a market snapshot of the area:
-36 homes are currently on the market
-The average listing price is around $440K
-Homes in this area are all less than 10 years old, and they have 4 bedrooms, 3 bathrooms, and a 3 car garage

Again, if you want to buy or rent in Temecula, please consider Harveston. It's a wonderful place to live in Temecula and it's going to be filling up quickly.

Please don't hesitate to contact me with any questions about real estate in Temecula!

Temecula Short Sales Are on the Rise

sidney@realtywrks.com (Sidney Kutchuk) — Thu, 6 Aug 2015 10:39:00 -0700

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Today I'd like to talk to you about the short sale process.

Right now we are experiencing a resurgence of short sales. Ten years ago, people were offered a loan modification in order to avoid a short sale, so we haven't seen as many short sales in the past few years.

Now those low payments are coming to an end, and many homeowners can no longer afford their mortgage payments. Their homes are still underwater, so they are opting for short sales now.

If you are considering a short sale, or just have questions about the short sale process, give me a call or send me an email. I'd be happy to help you.

How Can a Short Sale Benefit You?

sidney@realtywrks.com (Sidney Kutchuk) — Mon, 20 Jul 2015 14:19:00 -0700

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A short sale is what happens when the mortgage on your home exceeds its value. When you owe more than your home is worth, the only way to make money on the sale is through a short sale. This must be approved by your lender first.

I thought short sales were over with, but in the last month I have been hearing about them more frequently. People who didn't opt for a short sale in 2010 had their home loans modified so that they could stay in their homes for greatly reduced prices.

However, those home loans are now resetting, and the new payments are quite a bit higher. When these homes become un-affordable, people start to call me and ask about the short sale process.

I'm an expert in the process of short sales. I have more than eighteen years of experience with them. There are no out-of-pocket expenses in a short sale, and the banks in California cannot come after you for any deficiencies after you've sold.

Please don't hesitate to contact me for any reason. I would be more than happy to help you with any and all of your real estate needs.

How Can a Reverse Offer Help Get Your Home Sold?

sidney@realtywrks.com (Sidney Kutchuk) — Wed, 8 Jul 2015 12:09:00 -0700

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Lately, many people have asked us what a reverse offer is. Today, we'll explain what that is and how it's used!

A reverse offer is a strategy we use to get your home sold faster. It's one of the ways we make a transaction happen in a situation where there doesn't seem to be an audience for your home. Typically, an agent will market your home and get people to take a look at it, but sometimes the selling process turns into a waiting game, where the agent and seller are simply waiting to see if anyone will make an offer.

To avoid sitting around waiting for a buyer to make a move, we use a reverse offer, where we reach out to a buyer and make them an offer. We acknowledge that they took a look at the house and make them an offer. We've found that being proactive like this often helps get a home sold!

The key is to avoid sitting around waiting on buyers to make a move - the power is in your hands! If you have questions about this process, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!

How we helped Chris buy a home using our knowledge of the area

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 23 Jun 2015 08:10:00 -0700

"We got a house! Her knowledge of the area helped a lot. When we were looking at houses, she had the information ready to go. She had everything lined up in a very professional way. She definitely made sure that we were taken care of!"

How we helped Nadia find a home by always being available

sidney@realtywrks.com (Sidney Kutchuk) — Tue, 23 Jun 2015 08:00:00 -0700

"We got outstanding results from her! We are very pleased with our house. We didn’t feel like we had to compromise on anything that we wanted. We were out of town, so we couldn’t go look at houses during the week or anything. During weekends, she would spend entire days with us just looking for a house. I felt like she made us a priority. We never had to negotiate a schedule. If there was a day we could go, she went out of her way to make sure that she was available for us."

How to Sell Your Home Using an Open House

sidney@realtywrks.com (Sidney Kutchuk) — Mon, 15 Jun 2015 08:51:00 -0700

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Realtors have been using open houses to sell homes for a long time. It's an old-fashioned way to sell a home, and sometimes it can be rather ineffective.

We have integrated technology with old school methods to improve the process of an open house. We put out around 15-20 signs for an open house, and we also mail postcards to the entire neighborhood for an exclusive viewing that begins before the public showing.

On top of this, we have a system where our ISA's call everyone in the neighborhood to ensure that people know about it and show up. We like to create a buzz around the property, and we also use social media to do this by running ads on multiple platforms.

We really pride ourselves on the fact that we market our open houses aggressively. We employ a lot of agents at our open houses in order to trap as many leads as possible, because a lot of leads come in and out of the door, never to be seen again.

As always, please contact us if you're looking to buy or sell in the Temecula area!

What Unexpected Costs Should You Prepare for When Buying or Selling in Temecula?

sidney@realtywrks.com (Sidney Kutchuk) — Thu, 4 Jun 2015 13:11:00 -0700

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Today, we want to share some information you'll surely find helpful. There are some costs associated with buying or selling real estate in the Temecula/Murrieta area that we want to clue you in on.

If you haven't sold a house in the last couple of years, one unexpected cost that might pop up is an up-front payment for your Homeowners Association documents. In the past, that was paid during escrow or at the end of escrow, but now the HOA companies are having you prepay that up-front to generate those documents. Typically, the price is around $300-$400, but we've seen some reach as high as $900, so be aware of this fee!

You might also have to pay private transfer taxes that trigger up the sale of a property. We live in the Harveston area, which has a Community Enhancement Fee that calls for a transfer tax each time a home is bought or sold that goes to a charitable organization in the area. The transfer tax is one quarter of 1%, so out here it could be anywhere from $700 to a little over $1,000.

If you're a buyer who is getting a loan to purchase your next house, your lender will probably ask you to have an impound account. The impound account consists of money you have to pay up-front for your taxes and insurance. It's typically six months of taxes and a whole year's premium on your homeowners insurance. Have that money ready! If you're running low on funds or can't afford to have all that an impound account calls for, reach out to us and we'll help you with that.

If you have any questions about real estate, or if you need real estate assistance of any kind, we're your team! We would love to help you in any way possible!

Temecula Real Estate Market Update

sidney@realtywrks.com (Sidney Kutchuk) — Mon, 18 May 2015 08:37:00 -0700

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Today I'm going to give you a brief overview of the real estate market here in Temecula and Murrieta.

Overall, we're seeing a neutral market with good inventory levels and steady prices. This means that if you're looking to buy or sell, now is a good time to do so.

I want to urge buyers to enter the market even more so than sellers because interest rates are currently below 4%, and they may not remain this low for much longer. If you buy a home with these low rates, it could save you thousands and thousands of dollars on your home loan.

Another important thing to consider is that you'll need a good team of real estate professionals to get the best possible deal. Please don't hesitate to contact me if you need assistance buying or selling in the Inland Empire this summer!