Nancy Guerra

It depends are what you value ?

There is no right or wrong answer.

Each person has different values. If yours is spending time with your children and having quick accessibilty to them; then you would want to limit your commute time. Southern California is known for its traffic. Your commute time will be dependent on weather conditions and traffic. Normally, from City of Industry to
Rancho will take you approximately one hour; expect longer commute time on Friday evenings. Rancho is also the gateway to Las Vegas.

I have lived in Rancho Cucamonga since 1989 due to
affordable home prices; however, I commuted to Irvine which after 15 years and spending
an approximate time of 3-4 hours per day in commuting I decided to change careers. Job
salaries are normally much significantly higher in Orange County Metropolitan or LA. areas.
Due to our present economic challenges many that do commute are willing to take a pay
cut and find and fill local positions due to the gas prices.

Many use the phrase "Time is Money"; however,
I say "Time is TIme". Once you lose time you cannot gain that time back; just as I cannot make up
for 3-4 hours per day over the course of 15 years.

I grew up in Hacienda Heights and went to Los Altos High School this is unincorporated area so
taxes are lower, older homes, well established and highly desirable neighborhood. There isn't really new home housing tracks except for custom homes. Another area to consider would be Diamond Bar and Walnut.

Rancho Cucamonga is a great place to live with many newer homes to pick from.
One of the newest high schools is Los Osos.

I hope you found this information helpful.

If you have additional questions feel free to email me at
AskNancyG@yahoo.com or call me at 951 264 0469.



Nancy Guerra
Email: AskNancyG@yahoo.com - Fri Oct 10 2008, 08:09

Recently, due to many people purchasing properties at a reduced priced and then claiming
that the home they presently own will be rented have affected new lending policies at least for
time being. Many homeowners were claiming they were going to rent out their home then
would actual let their home fall into foreclosure, adding to our economic crisis. The last
FHA guidline in order for you to use rental income to contribute to you obtaining financing is
that you must have at least 25% of equity in your present home and if going conventional
that requirement is 30%.

We are in changing market try to keep updated with your local lender. - Fri Oct 10 2008, 07:24

My question to you is do you want to buy
when the market is on its way down
or on its way up???

Nobody knows what the bottom is until
it is too late those and those are the people who find themselves
saying we could've, would've, should've.

One thing for sure there are multiple offers on homes;
that means it is not a stagnate market. My recent buyers
put in several offers before entering escrow; they couldn't compete
with all cash buyers.

AskNancyG@yahoo.com

Keep in mind rates are still low which with inflation on the rise
won't last forever. When rates increase your buying power goes down. - Thu Jul 24 2008, 23:31

Call Charlotte Roddy @ 760 247 6456 or 760 985 3642 (cell).

I've done business with her and she has been
in the area for 30 years. Let her know I referred you !

You won't be sorry-you can thank me later... Nancy Guerra... - Tue Jul 22 2008, 20:33

First of all stay away from Low Ball Larry's, don't waste your time.

The prices are already a bargain.

The longer the property is listed especially bank owned the easier it will be.
.
Call the City and report any violations whether it be Vector Control and/or
any Safety Hazards.

REO-Well in my neck of the woods which is the Inland Empire located in Southern Cal; REO's are
being listed below market value creating multiple offers situation.

REO-When you submit your package make sure you submit a complete package; probably most importantly Proof of Funds, pre-approval letter, and first page of credit report demonstrating FICO's.
I also try to use the lending institution that presently owns the REO.

Short Sales- Do your homework use comps within the last 30 days, if none use 60 etc. etc.
Follow up the ones that are presently in pending or backup status. Attend REO auctions.

Hope this helps... - Fri Jul 4 2008, 22:01