TG Realty & Investments

08/14/2018

Many homeowners use the equity in their homes as they leave corporate America to start their own businesses. Having been headquartered in Orange County, California, for the past 20 years we have specialized in helping these types of individuals usually C-Level managers and above who are being displaced by corporations by choice or otherwise yet still have the drive and desire to be a vibrant participant in a business enterprise. There are also many small & medium-sized business owners that are tired or retiring and seeking ways to sell their companies. These situations provide the perfect match to satisfy both. We provide the resources, expertise and process to achieve the objectives of both buyers and sellers as well as introduce both to alternatives that can benefit them and the communities they live in. Contact:
Jim Orth, President
(714) 272-2094
[email protected]

08/14/2018

The Rental Market in Orange County
The average price of home in Orange County was $700,000 in November, an increase by $7,250 from what it was the previous month, and an increment of $40,000 than what was obtainable in the prices in November 2016. Although there is a vigor in the housing market, the increased federal government interest rates, continuous effort by new generations to store up their savings and the prevalence of younger generations in the rentals market could affect the housing market negatively.
In December 2017, the mean rental market in Orange County reduced to $2,180, a reduction of $10 compared to November but still a rise of $223 compared to 2016. The building permit activity was at the peak in October 2014, with a total of 1,892 permits given out in this period. A sum of 812 permits were given in December 2017, indicating a rise of 186 building permits month-over-month, but a reduction of 416 permits year-over-year. Irvine and Aliso Viejo supplied the highest number of new building permits in December 2017 at 157 and 102, respectively.
July 2018 saw the rental market in Orange county to be operating at an average rent of $2,046, an increase of 2% compared to the same time last year, as stated by RenCafe referencing the YardiMatrix data.
The rental Market in Orange County reflects the rental trend nationwide. Irrespective of the increase in construction of new homes, demand for rentals and the rate keeps soaring high. The national rent is at an average of $1,409 in July, leading to 2.8% year over year. Close to 283, 000 units are expected to enter the rental market nationwide before the end of the year, as reported by RenCafe. The seasonal demand and increase in activities have offset the wave of new apartments that were opened this year thus far, leading to even, but reasonable yearly growth in all apartment sizes.
11,449 new units are expected to be delivered in the metro of Los Angeles-Long Beach-Anaheim this year. The rent in Newport Beach is the highest in the rental market in Orange County with an apartment going for an average price of $2,723, increasing by 4.1% year over year. To rent a two-bedroom apartment, it will cost up to $3,148, a hike of 5% from the year before.
The increase in the average per capita income is not commensurate with the prices of rents and houses. New mortgage stiffening and the newly introduced SALT tax limits implies that it will not be attractive to buy or sell houses as it used to be.
CAR latest statistics indicates that buyers are buying properties that are expensive because of their availability. The prices of Condo/Townhouse increased in May to $494,000. Inventory generally decreased although not like it did in 2017 when listing drastically dropped. The reduction in availability is more in homes that are less than $200k.
We are buying houses in Orange County. Contact us if you wish to discuss your selling objectives. We offer cash if the situation meets our objectives and yours.

[email protected]

The Rental market in orange county was at an average price $700,000 in rent in November, an increase by $7,250 from what it was the previous month.

08/08/2018

PROBATE SALES IN ORANGE COUNTY, CALIFORNIA
The process used to settle the real estate property of a deceased person is known as probate. The actual sale of the property is called “Probate sale”. A probate sale includes the sale of real estate properties, personal belongings, and other assets that can be liquidated which were left behind by the deceased. Probate sales are normally overseen by a probate court and the proceeds shared among the heirs and creditors.
To some people, it probably appears that buying properties that were inherited from a deceased relative is leveraging on the grieving condition of the bereaved family. This is not the case as every property that is bought from the heirs help to solve very critical problems. The sellers (heirs) may have unique problems that need urgent solutions.
These unique problems that the beneficiaries of the deceased person may have range from mortgage balances, county tax bills, property tax bills, depreciation of the property and the cost of replacement, the water, gas, electric and trash bills, car repayments, cleaning the house and getting rid of accumulated trash and junks and many more. A probate sale can resolve these problems. In addition, one of the best parts of a probate sale is that it can help to resolve the issue of properties that are not clearly defined in the Will.
An example of the relevance of a probate sale is regarding a lady that was the sole inheritor of her father’s property in Orange County, California. The father lived in the house when he was ill. Before he became sick, he took a new mortgage loan to do some repairs to the property. His only daughter who lived in New York City had no idea how to handle his property and debt.
A real estate investor or broker with the proper experience can assist this woman in resolving this problem remotely, through a probate sale, which will relieve her of the mortgage and maintenance of the property, and likely even provide her with cash from the sale. Properties sold through probate don’t need to be in good condition. They are sold in the “as-is” condition in any part of the county. Once a price agreement is reached, the court procedures are undertaken and the sale is closed within a given period and the excess cash allocated to the beneficiary.
Buyers found probate sale rather attractive because they are often sold at a price below the market value, just like foreclosures. But since it must be sold with the supervision and approval of the court, it takes a more complicated process and can take as long as 18-38 months to conclude a case depending on the parties involved.
The probate laws in California is different from that of other states. It is important to entrust the sale of your real estate property to someone that is familiar and updated with the latest laws and rules of the county. A realty that have a good knowledge about probate sale and how to handle the family’s property effectively is necessary to get the best for all the beneficiaries.
You can request our service for your property in Orange County. We are knowledgeable about the probate laws of California and will provide information that will make the whole process easy and fast. We offer the best possible prices for any probate property brought to us. We buy the property from you and save you from any payments once you have committed.

Email: [email protected]

The process used to settle the real estate property of a deceased person is known as probate. The actual sale of the property is called “Probate sale”.

08/06/2018

Property Foreclosure in Orange County, California – a different market…
Buying real estate property is a nice investment to make. This is because the real estate investment market is one of the steady markets to invest in. The values of real estate appreciates over time which implies that buying property is a profitable type of investment to make.
When a real estate property is sold by a lender to recover a mortgage loan that has been foreclosed, there is an opportunity to acquire the property at a lesser price than the actual value. Foreclosures result in either auctioning or an outright sale of the property to the public as the bank’s objective is to recover its defaulted loan amount.

Orange County is an ideal place to acquire property that is for sale in a foreclosure situation. However, since the prices and value of property is relatively expensive compared to other parts of the country, it takes persistence, flexibility and a knowledge of the market to obtain high profit foreclosure properties. In fact, one of the unique aspects of the area is that there are beautiful communities where one can obtain different categories of properties: luxury real estate, beach front properties, and single-family houses that are in good condition.

For confidence in investment, there is a relative greater certainty of selling any property purchased as a foreclosure in Orange County. People are willing to settle in most of its varied communities and its job market is strong. The attractions that make living in Orange County a desired choice are the long sandy beaches, serene Pacific Ocean breezes, and the tranquil weather of California. Also, many people that work in Los Angeles but are not comfortable with the city bubble choose to live in an area like Orange County where they can retire after work.

The reason many investors choose to buy foreclosure property in Orange County is because of the great potential for higher-than-average returns on their invested capital. Foreclosure properties become available frequently in all markets: residential houses, industrial and commercial properties. Smart investors understand the benefit in buying property in Orange County thus are always observant on property foreclosures in the area.

In as much as foreclosure properties sell below the market price, it is important to put some factors into considering before making a purchase. A place where there are lots of foreclosure properties may not be the best place to buy properties as the reason for the inability to pay up loan could affect the ability to resell the properties. Also, any renovation costs need to be calculated before buying a property. This is because, the as-is price doesn’t imply that the seller (the bank or the lender) will handle the costs of renovation. In Orange County, profitable foreclosure properties are available only occasionally and require a means of foreclosure tracking to measure the time-consumption and the holding costs to maximize the opportunity for a profitable investment.

To obtain information about foreclosure properties in Orange County, investors can use the public information that is available for notification when a NOD (Notice of Default), a NFS (Notice of Foreclosure Sale) or a NTS (Notice of Trustee Sale) are issued on properties.

Website: http://www.tgrealtyinvestments.com/
Contact Email: [email protected]

We buy, finance, Sell, rehab, rent-to-own and wholesale houses in Orange County, California

08/04/2018

HOME SALES VOLUME IN ORANGE COUNTY

The prevailing home sales volume is very weak in Orange County and at rate a little higher than half of what is obtainable during the era of Millennium Boom. There was a fall in the home sales volume by 8% in 2014 compared to the year 2013. It picked up by 9% in 2015 just a little higher than the previous year. There was a gross increase of 1.4% in 2017 higher than the year 2016.

The way forward to achieving a total recovery in Orange County that will see to the increase in yearly sales volume to 46,000 is an increase in demand by end users which will be strengthened by increase in job level and participation of the labor force expected between 2019 and 2021. The intensifying job market will cause rise in sales volume in 2018, but will start to tilt downward with the increase in rates that will resume also in 2018.

RENTER TURNOVER RATE IN ORANGE COUNTY

The sale of homes lies in the turnover. After the 2009 recession, the homeowner turnover rate has been at a neutral level in Orange County. It declined in 2010 and has remained at 18.5% in 2016, the latest Census year.

Renters as well as homeowners have shown that they are going to be speculative about relocating pending when they are confident about increase in personal income and job security.

The boomlet period of 2019 to 2021 will see a sweeping increase in the turnover rates which will increase the rental vacancy rates. The Gen Y members (Generation Y) will jointly hurry to buy and Boomers (baby Boomers) will retire in group, causing the buy and sell of replacement homes. Also, local and international emigration into California will have an impact in the suburban demand for houses.

HOME OWNERSHIP IN ORANGE COUNTY
There is a decline in homeownership rate in Orange County after reaching the apex of 62.7% in 2007. Recent data on homeownership in Orange County shows a 56.7%. Orange County homeownership has been 2% above the statewide homeownership rate throughout history.

The average state homeownership in Orange County is reported to be 54% towards the end of 2016. The homeownership in Orange County is expected to remain low unless there is job availability that meets up with the current population boom which will likely be in 2019. It is only then that there will be an increase in the number of first-time homebuyers.

Although, there is no hope of seeing the homeownership rate increase to the full climax as it was in 2007. The increase which was instigated by unrestricted access to quick money, which was forced down with the introduction on ATR (Ability-to-pay) in 2014. Rules were created to save the society from some disrupting types of mortgage loan. The rules ensure that only homebuyers that have the financial ability to pay back their loan will receive mortgage loan.

What this implies is that, there may not be any Millennium Boom in housing market by buyers with no adequate financial strength. This helps to advance a steadier housing market while lowering homeownership rate slightly in Orange County. The movement of Generation Y to long-period rentals before buying a home also regulates the home sales volume.

[email protected]

06/13/2018