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Danielle Ervin's Blog

By Danielle Ervin | Agent in 91709
  • June Market News

    Posted Under: Market Conditions in Anaheim Hlls, Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls  |  June 4, 2011 4:17 PM  |  752 views  |  1 comment

    I started my last monthly update with the Mayday distress call.... and according to some sellers we may need it! It appears activity.. as so far as buyer appts and showings... have slowed down. Let's see how the numbers work out below though.

    I had to go back to last years June update to see if there was a slow down last May as well. I thought perhaps with the end of the school year, graduation events, Mother's Day, and Memorial Day... it could just be a trend. We had some outstanding numbers of properties that went into escrow last May... so let's see how we did.

    I do know that online activity is BUSIER than ever. That means buyers are getting their toes wet in this market and seeing what is out there. Even more reason if you are thinking of selling to have a STRONG online presence.. and this includes good photos. Read one of my newsletter articles and you'll see what I mean :)

    Here is my monthly newsletter.

    Let’s see how the market faired in May;

    has 8(down 1) bank owned homes on the market as active. In contrast they have 24(down 1) active homes listed as a short sale. 28 (down 6) properties went into escrow between 5/1 and 5/31…

    has 10 (up 1) and 51 (up 5) active short sale listings. 41 (up 4) properties went into escrow.

    Yorba Linda
    has 14 (down 4) bank owned and 82 (down 8) short sale active listings. An incredible 87 (up 7) properties went into escrow!

    Anaheim Hills
    has 12 (up 1) and 64 (up 17) short sale listings. Another 51 (down 6) properties went into escrow!

    has 16 (down 4) and 85 (down 7) short sale listings. Another 78 (up 7) properties went into escrow.

    has 31 (up 14) and 184 (up 14) short sale listings. 226 (up 11) properties went into escrow!

    has 24 (down 3) and 122 (same) short sale properties. 119 (up 2) properties went into escrow.

    Newport Coast
    has 3(down 1) and 9 (up 2) short sale listings. 17 (up 5) properties opened escrow.

    Newport Beach
    has 17 (up 2) and 51 (down 1) short sale listings. 66 (up 3) properties opened escrow!

    Chino Hills
    has 26 (up 5) and 110 (down 10) active short sales. 87 (up 26) properties opened escrow.

    has 117 (up 7) and 493 (down 8) short sale listings. An amazing 370 (up 39) properties went in escrow.

    Nothing to exciting with the numbers above. Homes are still selling with sales up in most cities. Slightly more properties opened escrow but nothing drastic. But looking year over year... sales are down significantly. Last May... 68 properties opened escrow in Brea and 1085 properties opened escrow in Corona! That's just an example... but it's the same across most cities. This must be the "slow" down the people are feeling. Activity is steady overall for the recent trend. A year ago interest rates were also lower.

    I also want to thank ALL of my clients, past & present, for helping me be in the office top 15 in 2011 year to date :) I couldn't of done it without you and I thank you from the bottom of my heart for entrusting your business with me.

    At your service,

    Danielle Ervin
  • Rental SCAM

    Posted Under: Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls, Rental Basics in Anaheim Hlls  |  November 15, 2010 9:55 AM  |  1,154 views  |  No comments

    It's probably not the "latest" but it has happened here to sellers of mine. Be careful of this scam when you have your home listed for sale OR when looking for rentals online.

    I have a regular sale property listed in which the owners are occupying the home. They called to tell me that activity via people driving by and picking up fliers was soaring. And then the phone calls started.... call after call came into my cell phone with inquiries on this property. Finally a couple diligent people helped me figure out what was going on....
    Apparently someone FALSELY listed this home for lease on ListHub, Military.com, Hotpads, and other sites. The person(s) responsible used the legal owners name.. which is public information since it is on title. They even created a false Yahoo email address with her name in it! They took all of my information from the MLS, as far as property photos and property description.
    There was a contact owner link and then once you did.. this is the email you'd get back;
    Hello Heather,
    I am very pleased that you wrote concerning our home in ___(property address)___, Anaheim, CA 92807.The house needs no amendment as you can see for yourself in the pictures. I have been receiving a lot of comment on my home but that is not the point because all I wanted is a lovely family that will see my home as theirs and also keep it clean for us as we have always done. I must let you know that the utilities are inclusive with the month rent and the reason why we are not asking for too much was because we want any person or family moving into our home should take absolute care of the utilities and see that the whole house is kept clean and neat. Well I must let you know that if we see how good you take care of our home, we can extend your stay in our home and probably pay you visit once in every three month to ensure that we maintain a good relationship with you and the rest. If I see how good you are maintaining the house, I can extend you staying as long as you can stay. The rent is $1,500 and security deposit is $1,000
    As you can see we are not around to show you our home but all is in place to allow you move in at your own convenient time, I will be sending you the entrance keys and the duplicated copy of the house document for you to go through but you can drive by the house to see the surrounding yourself. If all arrangement is made promptly. I will send you a Rental Application form today as soon as you get back to us through email.
    Signed... OWNERS name
    I've flagged this as scam on all sites that I've been alerted too. I've notified my sellers and they've put a hold on the credit. AND I've alerted the buyers so that when we close this transaction they can change locks....
    I truly hope NO ONE has sent this person(s) money or the deposit :( It is truly heartbreaking if they did.
    So if it sounds to good to be true.... it is! Trust your instinct and I hope this doesn't happen to you!
    At your service,
    Danielle Ervin
  • November Updates you should know

    Posted Under: Market Conditions in Anaheim Hlls, Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls  |  November 3, 2010 11:26 AM  |  849 views  |  No comments
    The foreclosure moratorium and rainy weather we had in October definitely kept some buyers at bay. Leading to some price reductions and anxious sellers :) But those that did buy locked in

    The biggest frustration continues to be lending. Buyer after buyer are put through the ringer to the point of complete frustration. These are GOOD buyers.... no GREAT buyers. They have high FICO scores, great assets, low DTI ratio, never been late on a payment, strong long term employment... and yet they are pushed and pulled in every direction. It can be incredibly frustrating for both parties in a transaction. It does take patience and the RIGHT lender to get you through. Always need a back up plan :)
    Here is my monthly newsletter. I've added a business partner to take me into 2011. You can read about it in the first newsletter article;
    Let's see how the market faired in October;
    has 10 (up 1) bank owned homes on the market. In contrast they have 38 active homes listed as short sale. Plus 62 properties went into escrow between 10/1 and 10/31...pretty steady every month. That almost matches the activity from August!
    has 12(down 6) and 59 active short sale listings. 81 properties went into escrow.
    Yorba Linda
    has 24(up 1) bank owned and 99 short sale active listings. An incredible 148 properties went into escrow!
    Anaheim Hills
    has 12(same) and 48 short sale listings. Another 93 properties went into escrow!
    has 23 (up 10) and 90 short sale listings. Another 141 properties went into escrow.
    has 36(up 3) and 193 short sale listings. 365 properties went into escrow!
    Newport Coast
    has 6 (up 4) and 8 short sale listings. 36 properties opened escrow.
    Newport Beach
    has 8 (down 2) and 58 short sale listings. 128 properties opened escrow!
    Chino Hills
    has 32(up 10) and 132 active Corona has 127 (down 2) and an incredible 569 short sale listings. An amazing 893 properties went in escrow.

    At your service,

    Danielle Ervin
  • 5 Reasons to SELL now :)!

    Posted Under: Market Conditions in Anaheim Hlls, Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls  |  October 27, 2010 9:07 AM  |  814 views  |  No comments
    The content below is being shared here from The KCM Blog at; http://kcmblog.com/2010/10/19/5-reasons-you-should-sell-your-house-today/

    It's really good information and perspective on the TOP 5 REASONS YOU SHOULD SELL YOUR HOUSE TODAY!!!!!!!!!!!!!!!!!!

    Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every opportunity that appears. Each fall, such an opportunity presents itself. This fall, that opportunity may be just too good to pass up.

    Below are five reasons you should consider when pricing your house to sell in the next 90 days. Meet with your real estate agent and mortgage professional today and see whether it is the right move for you and your family.

    1. Entering this time of year, the buyers are more serious.

    We all realize that buyers are not quick to pull the trigger on the purchase of a home today. There is no sense of urgency with the supply of eligible properties at all time highs. However, at this time of year, the ‘lookers’ are at the stores doing their holiday shopping. The home buyers left in the market are serious and are more apt to make a purchasing decision. Less showings – but to more motivated purchasers.

    2. If you are moving up, you can save thousands.

    The Chicago Tribune stated in an article last week that sellers who want to ‘trade up’ should act now:

    It could be a bigger house, different neighborhood or a better school district, but it comes with a higher price tag. Do the math; this might be the right time.

    A home that was once worth $300,000 may now be worth $240,000 in a market where prices have fallen 20 percent. Wow, you think, the seller is taking a bath. But that seller may also be a prospective buyer who wants a house that once was valued at $400,000. With an equivalent market drop and a realistic listing price, that house may now sell for $320,000. So, in effect, the person is losing $60,000 on the sale of one home but coming out ahead $20,000 on the purchase of another.

    Keep in mind the spread may be even greater. There’s a smaller pool of potential buyers for more expensive homes, so sellers may be more willing to cut their price to get a deal done.

    3. Interest rates just fell again – to 4.19%.

    Professor Karl E. Case, the founder of the Case Shiller Pricing Index in an article in the New York Times last month actually did the math for us:

    Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 … housing has perhaps never been a better bargain.

    4. You beat the rush of inventory that is coming next year.

    Every year there is an increase of inventory which comes to market from January through April as homeowners put their houses up for sale in preparation for the spring market. As an example, here is the number of listings available for sale in each of those months in 2010.

    • January – 3,277,000
    • February – 3,531,000
    • March – 3,626,000
    • April – 4,029,000

    You won’t have to worry about this increasing competition if you sell now.

    5. You have less ‘discounted’ inventory with which to compete.

    This year, sellers of non-distressed properties have been given an early holiday present. With banks declaring a suspension on the sale of many distressed properties (foreclosures), there has been a large supply of discounted properties removed from competition. No one knows how long this self imposed moratorium will last. However, while it does, every homeowner has a better chance of selling their property.

    Bottom Line

    If you are looking to sell in the near future, there may not be a more opportune time than this fall. Serious buyers, great move-up deals and less competition from foreclosures creates the perfect selling situation. Don’t miss it!

    All of these points are valid for our local market! There are less buyers in the market right now leading to longers days on market and some price reductions... but the buyers looking are serious and well qualified.

    It's going to take out of the box thinking and marketing to capture the biggest audience. Don't let bad photos(like the one below), poor listing information, and the lack of advertising slow you down :)

    Helping you build your dreams

    Danielle Ervin
  • Foreclosure Moratorium

    Posted Under: Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls, Foreclosure in Anaheim Hlls  |  October 18, 2010 7:48 AM  |  839 views  |  No comments

    First the light/fun stuff :) Clients of mine have a 1/2 interest share in a 1976 Cessna 182 P airplane at John Wayne. Must see to appreciate! This very well maintained airplane has a great IFR platform with dual KX 155′s, STEC 50 Autopilot, Garmin 196 GPS, and Apollo Flybuddy GPS. If you are interested please let me know!! :) Pass it along please.
    Second, PRICE REDUCTION on this  incredible single story home in Anaheim Hills. Features 3 bedrooms and 2 large baths. This home is immaculately maintained and move-in ready! Privacy and luxury await! 
    854 S Sapphire Lane, Anaheim Hills.
    LAST BUT NOT LEAST; No doubt you’ve heard the news recently that a number of major banks have volunteered to temporarily suspend foreclosures in 23 states and Bank of America is temporarily suspending foreclosures nationwide. 
    While this situation is changing daily, I want to tell you what I currently know based on the information put out by the California Association of Realtors to help answer any questions you may have.
    • In late September and early October some lenders and servicers began voluntarily halting foreclosures in select states while they reviewed their foreclosure processes.
    • So far, only Bank of America has extended its foreclosure moratorium to California, where the vast majority of foreclosures are conducted without a court order.  Foreclosures in the other 23 states are processed through the court system.
    • Non-judicial foreclosures in California, however, do have legal requirements that lenders must follow.  For example, California law requires that lenders for certain mortgage loans made between Jan. 1, 2003, and Dec. 31, 2007, attempt to make contact with borrowers to discuss options for avoiding foreclosure at least 30 days before filing a notice of default.  Lenders also must sign a declaration in the notice of default stating that they tried to contact the borrower, made contact with the borrower, or fall within an exception (such as a bankruptcy filing).
    • The lenders and servicers that have placed their foreclosure moratorium on properties in the 23 states where courts are involved in the foreclosure process include:  Goldman Sachs Group Inc’s Litton Loan Servicing, Ally Financial Inc.’s GMAC Mortgage unit, JPMorgan Chase, and PNC Financial.
    • These lenders/servicers have only temporarily halted their foreclosures while they review their foreclosure process.  This is in response to findings that questioned whether some lenders/servicers were following the correct procedures to foreclose on a property.
    • This halting of foreclosures is a voluntary action taken on the part of these lenders/servicers and has not been mandated by either the states or the federal government.
    • Some members have begun to report the immediate impact of this moratorium on transactions that involve foreclosed properties.  Delays in escrow and the removal of listed foreclosures are temporary results of this moratorium.
    • The immediate impact on the market will be the slowing of home sales, which could put upward pressure on home prices in the short term.  The long-term effect on the market is uncertain at this point as it depends how long the moratorium remains in place.
    • Assuming the moratorium is lifted in the next month, the flow of REOs to the market should resume, but the uncertainty created by the moratorium may cause hesitation.
    • The participating lenders and servicers believe their internal review processes should take anywhere from a few weeks to 30 days to complete.
    At your service,
    Danielle Ervin
    Helping you build your dreams
  • Be Cautious of the Zestimate

    Posted Under: Home Buying in Anaheim Hlls, Home Selling in Anaheim Hlls, Property Q&A in Anaheim Hlls  |  October 8, 2010 1:03 PM  |  784 views  |  1 comment

    I'm sure you have heard of the Zillow Zestimate. Have you ever used it determine the value of your home, to check the value of your neighbors home, or a home you're interested in buying? 

    If so, BEWARE!  A real estate colleague of mine attended a Real Estate Technology conference and one of the presenters is a Manager of Partner Relations and admitted that the zestimates are on average 8% off!  Other data has shown that in some markets they are off by more than 10%, 50% of the time...so half the homes in those markets are more than 10% off!  As an agent, I've always been aware of the inaccuracy of the zestimate but a lot of times it is difficult to explain that to others. 
    If you are looking for an accurate estimate of your homes value I recommend having a professional do it.  Feel free to contact me anytime to complete an analysis for you on the value of your home...even if it is just out of curiosity! 

    I also recommend that all homeowners complete their own profile on Zillow because you are then able to update information about your home...renovations, products within your home, etc and by updating those facts you can bring up your zestimate because there will always be someone out there that thinks it is accurate.

    Helping you build your dreams

    Danielle Ervin

  • OPEN HOUSE 10/2 from 1-4pm

    Posted Under: General Area in Anaheim Hlls, Home Buying in Anaheim Hlls, Property Q&A in Anaheim Hlls  |  September 29, 2010 8:31 AM  |  877 views  |  No comments

    JUST LISTED this gorgeous home in Anaheim Hills! Come preview this Saturday 10/2 from 1-4pm.

    For full property info click on the link below for MLS page;


    Gorgeous move-in ready 3 bedroom hm w/absolutely incredible views. You are welcomed into the foyer & the gleaming travertine floors will impress you. A fully remodeled & exquisite kitchen awaits. Solid maple cabinets are adorned w/the richest granite counters & full attention to detail. For your entertaining delight the kitchen opens to the dining rm & family rm creating the perfect ambiance. Family room features a cozy fireplace & 2 story ceilings. The formal dining is nestled near the fireplace & features a large sliding door to take in the incredible views. The perfect backyard awaits w/built-in BBQ, grand open patio, & private therapeutic spa. Your nights will be spent relaxing & enjoying the amazing views. Retire upstairs to your master suite w/double mirrored closets & luxurious travertine shower. Another large bedroom & full bath await upstairs. This hm features every amenity from custom office w/hardwood floors downstairs, large open closets, loft storage in garage, & so much more! 

    Helping you build your dreams

    Danielle Ervin
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