Are you looking for your real estate tax bill on your home or property? Maybe you are buying a home in Riverside County and would like to look up what the assessed property taxes are on the home. Here’s a great resource for anyone interested in the property taxes of any home or property in the County of Riverside, California:
Are you considering purchasing a home in Riverside County or San Bernardino County with an FHA loan? HUD recently raised the FHA loan limits allowed to borrowers purchasing homes in the Riverside and San Bernardino Counties, in California. Below is a simple table of FHA loan limits for the two counties updated as of 2017.
And for your convenience here’s a direct link to the U.S. Dept. of Housing and Urban Development site where you can find all FHA guidelines. If you’d like assistance obtaining an FHA loan or would like to talk further with a lender call us using the number below. Or use the links to search Riverside County homes and San Bernardino County homes for sale:
So today is Christmas Eve-Eve! Also known as December 23rd. I hope you’re ready for fun and special times with your family and friends. Here at Garrigus Real Estate we wish you a very Merry Christmas and a happy New Year!
We are excited about what 2017 will bring and understand if you are planning on buying or selling a home even the Christmas Spirit doesn’t stop the shopping! 🙂 Below are all homes put on the market this week and for sale in Riverside and San Bernardino County! And if you have any questions or would like assistance please call or contact us anytime!
Search Riverside & San Bernardino County Homes
January 2015 / Riverside County CA – Housing Market Snapshot
– Real Estate Short Sales, Foreclosures & Standard Sales –
Below is a quick summary of Riverside County, California real estate short sales, foreclosures and REOs and standard sales for the month of January 2015, according to the largest MLS in the country, the CRMLS.
This Riverside County, California report consists of Riverside County sales, Riverside County active listings and Riverside County pending sales, and also includes Riverside County short sales, Riverside County foreclosures and REOs, Riverside County standard sales and other Riverside County sales and listings like Riverside County probate sales and Riverside County home auctions.
Please keep in mind some status can overlap. For instance, a Riverside County home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of Riverside County home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:
According to the CRMLS (Multiple Listing Service), there were 1989 closed Riverside County home sales in January, 2015. Below is a break-down of those Riverside County sales:
|Sold Riverside County Standard Sales||1718|
|Sold Riverside County Short Sales||123|
|Sold Riverside County Foreclosure REO Sales||134|
|Sold Riverside County Probate, Auction & Other Sales||26|
According to the CRMLS (Multiple Listing Service), there are 461 pending Riverside County home sales in January, 2015. Below is a break-down of those Riverside County pending sales:
|Pending Riverside County Standard Sales||271|
|Pending Riverside County Short Sales||155|
|Pending Riverside County Foreclosure REO Sales||32|
|Pending Riverside County Probate, Auction & Other Sales||6|
According to the CRMLS (Multiple Listing Service), there are 1647 newly listed active Riverside County home listings in January, 2015. Below is a break-down of those Riverside County listings:
|New Riverside County Standard Sale Listings||1549|
|New Riverside County Short Listings||56|
|New Riverside County Foreclosure REO Listings||36|
|New Riverside County Probate, Auction & Other Listings||14|
Are you considering buying or selling a Riverside County, California home? Let us help! We have the experience to negotiate your Riverside County home sale or purchase quickly and favorably.
Call us now:
Garrigus Real Estate Group
Call (888) 9-List-It
That’s (888) 954-7848
Here’s a couple trend reports for Riverside and San Bernardino Counties highlighting the move from REO and Short Sale transactions to Standard sale transactions from January 2012 to February 2013. It is notable the increase of standard sales and decrease of distressed-type sales in foreclosures and short pay transactions.
But its also worth noting that 2012 February standard sales had a huge increase as well. This chart solidifies the notion that the real estate market is burning through distressed properties and the increase in movement by the standard home or property seller. You’ll also notice that San Bernardino County and Riverside County mirror each other closely in this trend.
February 2013 Transaction Trend Report for Riverside County
If you have any real estate questions or would like to list and sell your home or property, call us at (888) 9-List-It. That’s (888) 954-7848. Or use the Contact Us form below for a quick response:
THE MOST IMPORTANT RIVERSIDE COUNTY SHORT SALE DO’S AND DON’TS | SHORT SALE TIPS FOR RIVERSIDE COUNTY CA HOME SELLERS
- Do educate yourself. This is THE most important thing you can do. Riverside County CA Short sales can be complicated. You need every bit of information you can get when you jump into the short sale process.
- Don’t wait until it’s too late. If you drag your feet and hide from the fact that you’ve stopped making mortgage payments, it will cost your credit rating and it will put any chances of a Riverside County short sale in risk.
- Do be diligent. There have been very closable Riverside County California short sales that fail because the Riverside County homeowners either stop responding to their agents, stop returning paperwork, stop returning phone calls, stop caring, etc. It can be a difficult process, but at the end of it you will be free of the mortgage, the upside-down Riverside County house and your financial future will have a better foundation.
- Don’t stop taking care of your Riverside County CA home. Yes, you will be moving, but if you stop mowing the lawn or keeping the place tidy, that unkemptness will discourage any potential buyers.
- Do keep paying your HOA dues! Any unpaid HOA dues will need to be settled either before or at the close of a short sale escrow. Sometimes the buyer or the first lien mortgage bank will contribute to these outstanding bills, but not every time. And Riverside County California Home Owner Associations will send your defaulted HOA bill to a collection lawyer who will slap you and your property with their own outrageous charges.
- Don’t rent your Riverside County CA home out. In these economic times there are unsavory renters, many of them lost their own homes, that don’t mind giving you the first month’s rent and a security deposit, only to never pay you another payment. You lose the Riverside County house to foreclosure, but they live rent free for the foreseeable future.
- Do your homework when choosing a Riverside County real estate agent or broker when you go to list your house for a short sale. The wrong Riverside County California short sale agent can ruin your chances of avoiding foreclosure. Riverside County Short sales require diligence, confidence and an unmatched work ethic. Find that Riverside County CA short sale REALTOR that knows her stuff, knows how to work and knows exactly what the banks want to approve your Riverside County short sale.
- Don’t think that you need a real estate agent that knows your Riverside County neighborhood to short sale your Riverside County CA home. In a Riverside County California short sale transaction, it’s about the short sale negotiation and working relationship with your lender(s), not that your Riverside County home’s location is special compared to the listing around the corner. Out-of-area agents easily price properties using a Comparative Market Analysis (CMA). In fact, banks regularly pay agents and real estate brokers a minimal fee, usually $50 or $75, to price out-of-area properties for them. Your local Riverside County neighborhood real estate agent may not be the right person. You need a tough and knowledgeable short sale specialist.
- Do expect to move soon, or not for months. When your Riverside County home receives an offer, that is just the start for your short sale transaction. But the bank could decide to approve your short sale right away, which means you may only have 30 to 45 days to relocate. But, the approval process could take up to three to six months! Don’t move prematurely. It makes no sense to pay rent while your Riverside County CA home sits empty. Communicate with your agent and keep updated on where the short sale process is.
- Don’t stop paying your water bills, sewer bills or trash bills! Any unpaid bills may slow down or stop the short sale process.
- Do consult your tax man or even a tax attorney when considering a short sale. Even the best short sale agents are not legally allowed to advise on tax implications of your particular situation, and the best Riverside County California short sale real estate agents don’t. A tax accountant CPA or real estate attorney has a better understanding and the legal right to advise you on such matters.
- Don’t think that you must have a real estate attorney to execute your short sale. Most times these lawyers don’t understand Riverside County real estate or the short sale process as well as an experienced Riverside County CA short sale agent does. In fact, many if not most of these lawyers offering short sales require an upfront fee to process your short sale. Riverside County real estate agents and Riverside County CA brokers only collect commissions from the proceeds of the sale, which comes out of the bank’s pocket, not yours.
- Do let your Riverside County real estate agent put a yard sign in the yard. Yard signs tell buyers trolling streets looking at neighborhoods and houses that yours is a possible candidate.
- Don’t make viewing appointments unavailable and hard on buyers and their agents. The more potential buyers that see your Riverside County California home the better chance of short selling it and avoiding foreclosure. Make that home as available to buyers as possible!
- Do yourself a favor and remember that millions of Americans are going though their own short sale, or unfortunate foreclosure. This economy is dreadful, and many are experiencing financial hardships and your particular situation is nothing to be ashamed of.
- Don’t apply for a home equity line of credit or any other type of credit. If you own other properties that have equity, refrain from pulling money out of any of them during a Riverside County short sale approval. Your bank and any of your bank’s back-end investors will dig deep into your credit history and find this activity. This kind of action says you are just out for your own financial bottom line, and yes, they will take offense to that.
- Do a quick pick up of toys, laundry and any other items lying around when a buyer’s showing appointment is scheduled. Buyers will criticize your messiness like your mother-in-law, and worse, it could affect their offer which in turn could affect your Riverside County CA short sale!
- Don’t make the mistake of thinking a foreclosure is not much worse than a short sale. It is. A foreclosure will decimate your credit; it will keep you from owning another home for years and it will be a part of your financial incompetence far more than you hope it won’t.
- Do keep your hardship letter short and sweet. Explain your situation as-matter-of-factly as possible. Then your bank will look at your finances, tax filings and other documents to verify and support your story. But DO NOT include in your hardship that you bought your Riverside County home for more than it’s worth. The bank does not care your home is underwater. The bank is losing money too.
- Don’t strip the house of its fixtures or other potentially valuable assets. Taking the pool system, or the ceiling fans or the beloved touch-action faucets will degrade your Riverside County California home’s marketability, and for what? A few hundred bucks will not make the financial blow of foreclosure any softer.
- Do all your paperwork and return to your Riverside County CA real estate agent in a timely matter. Riverside County Short sales can die if the proper paperwork is not supplied. It’s a silly way to screw your short sale, but it happens all the time.
- Don’t use a short sale negotiating company. They will charge you large upfront fees that they don’t have to return to you even if they do not complete the short sale. And these companies aren’t held up to the same Department of Real Estate code of ethics that Riverside County California real estate agents and Riverside County REALTORs are. In fact, some banks will not work with them!
- Do call and communicate with your bank(s) and let them know you are attempting a short sale. They have thousands of mortgages defaulting, and if they don’t know you are pursuing a short sale, your Riverside County CA property may automatically be classified as a pre-foreclosure. Not keeping your mortgage holder informed of the status of your Riverside County short sale can help expedite your house to foreclosure which will not help your short sale.
- Don’t violate the bank’s At Arm’s Length requirement for the Riverside County CA short sale. The Arm’s length agreement required from the short sale lender prevents you from “renting the house back”. To avoid any fraud or risk that can result in the bank coming back at you for the balance of your loan. Do it by the book and follow the rules. The risk is not worth it.
- Do know that credit card companies may decide to pull your credit due to foreclosure. When a foreclosure shows up on your credit, it says that you are in financial distress and your credit risk increases dramatically.
- Don’t think you can’t short sale if you own other properties. This is a common mistake many multiple property owners make. A bank will more than consider a Riverside County short sale even if you own two or more homes.
- Do clean the Riverside County California home and property when you move out. Remove any trash, debris and take or dispose of any of your personal property. The condition of the property before transfer can have a negative effect on the buyer and their desire to own the Riverside County home, and give them a reason to back out. Cleanliness is next to Godliness, and Sold Short Sales!
- Don’t assume the information about short sales you read on the internet is always correct. There are many real estate professionals, and many not-so-professional individuals, giving advice regarding short sales. Some do not have a clue how to handle a short sale, let alone give advice on the subject. Your best bet is to call and talk to any prospective short sale experts. Get a feel of their knowledge base and real estate confidence, and above all else only hire a Riverside County CA real estate short sale agent with experience.
If you have questions or would like to talk to us about short selling your Riverside County California house, call us any time at (888) 9-List-It. That’s (888) 954-7848.
Or use the Real Estate Short Sale Help contact form below and we’ll get back to you A.S.A.P.: