Beautiful Menifee Home for Sale



ONE OF THE LOWEST TAX AREAS IN MENIFEE... CLOSE TO SOUTH SHORE ELEMENTARY SCHOOL. THE HOUSE IS PRICED AT 377,000. This Lovely 2007 Two Story Home Is On A Quiet Cul-De-Sac In The Heart Of One Of Menifee’s Nicest Communities - HIDDEN MEADOWS! This Home Is Spacious And Has 2,942 Square Feet Of Living Space. The First Floor Features: Custom Painted Formal Living Room And Dining Area With Office/Study Room/Game Room. A Very Spacious Family Room With Fireplace. The Large Kitchen Includes An Island With Room For Bar Stools, Has Granite Counter Tops, Lots Of Counter Space And Cabinets, Dining Area, A Large Pantry, Powder Room With Closet And Under Stair Storage. The Second Floor Features: Custom Painted Master Bedroom With Master Bathroom Tub And A Stand Alone Shower With Walk-In Closet And Dual Sinks. The Two Upstairs Bathroom Has A Tub/Shower Combo Plus 4 Nice Size Bedrooms. The Laundry Room Located On Upper Level Is Spacious And Has A Counter To Fold Laundry. The 2 Car Garage And 3rd Car Garage Or Workshop Are Attached To The Home And Have Access From The Kitchen And Office. The Backyard Is Long And Would Enjoy Many Family And Friend Get Togethers.



For more information call Colleen Moorhouse at 951.764.4595 
or email her at CMoreHouses@yahoo.com





LCL Realty: Another 8.3 Million Underwater Homeowners on Track to Resurface Before 2015



While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months--without resorting to a short sale.

The 8.3 million include homeowners with a loan to value (LTV) ratio from 90-110 percent, meaning they have between 10 percent positive equity and 10 percent negative equity. These homeowners represented 18 percent or all U.S. homeowners with a mortgaged as of the beginning of September.

The 10.7 million residential properties with an LTV ratio of at least 125 percent represented 23 percent of U.S. residential properties with a mortgage--down from 11.3 million deeply underwater properties representing 26 percent of all residential properties with a mortgage in May 2013 and down from 12.5 million deeply underwater properties representing 28 percent of all residential properties with a mortgage in September 2012.

"Steadily rising home prices are lifting all boats in this housing market and should spill over into more inventory of homes for sale in the coming months," saying Daren Blomquist, vice president at Reality Trac. "Homeowners who already  have ample equity are quickly building on that equity, while the 8.3 million homeowners on the fence with little or no equity are on track to regain enough equity to sell before 2015 if home prices continue to increase at the rate or 1.33 percent per month that they have since bottoming out in March 2012."




Upcoming Menifee Events for September


City of Menifee Events for September

Soap Box Derby
On Saturday September 7th from 8:00am to 12:00pm go check out the soap box derby in Menifee. All spots are filled but it would be a fun event to go watch and take the kids to. So go out and support your local community. Click on the following link for more information on this great event. Soap Box Derby

 
Teen Book Club
On Monday September 9th from 4-5pm at the Sun City Library there will be a Teen Book Club. This is an event for teens to meet new friends while enjoying a good book. There will also be activities at the end of the night. Click on the flowing link for more information. Teen Book Club

 
Author’s Spotlight
On Monday September 16th from 3:30-4:30pm in the Sun City Library there will be a local author talking about their book that has been published and the process behind it. There will be a new author each month. Click on the following link for more info. Author’sSpotlight




LCL Rental of the Week!


Come see this 3 bedroom 2 bathroom family home in Menifee! Perfect starter home for the new family. Decent size bedrooms, 2 full bathrooms. The kitchen has been upgraded and has cupboard space all around. Backyard has a covered patio great for entertaining friends and relatives. Close to Lazy Creek and Pete Peterson park. Freshly painted and ready to move in! Close to the 215 freeway and the Menifee Market. 



For more information on this property please visit www.lclrealty.com




In-house Loan Services



Many major real estate companies offer their own mortgage affiliate, however buyers should not feel pressured to use the in-house loan services.

  • In-house loan services are not new, but they have become important since the market declined. When the lending environment started to become restrictive, the need to have a mortgage broker in house who could give preapprovals that actually worked became important to real estate brokers.
  • Relationships between real estate brokers and in-home mortgage brokers can benefit buyers by providing access to the loan officer or mortgage broker. This may reduce processing time, and possibly fees.
  • While using an in-house mortgage service may be beneficial and help increase the process, buyers have the right to select any lender they want. Federal law prohibits agents from steering clients to a particular mortgage company or lender, and from accepting payment for referrals.

  • It’s important that borrowers do their homework, check all fees, and request the Good Faith Estimate, regardless of which lender they choose.






Menifee Rental of the Week


 Pebble Beach is a stunning 3 bedroom 2 bathroom SENIOR home with 1708 square feet of room. This quaint senior home is a MUST SEE. It has a large living room, huge family room, decent sized kitchen with a lot of storage. It comes equipped with an in-door laundry room off the kitchen and roomy bedrooms! This is an AMAZING senior home. The backyard is large with a lanai! Ready for a garden as well! Come take a look at this property, you will fall in love!







Why Sight Unseen is Trending in Today's Market







The lack of available homes for sale is creating a tough market, and in some cases home buyers are making offers on homes they haven't even seen!

In Short:
  • Buying homes sight unseen is a small but growing trend in some areas,even in the rental market. This is brought on by the advanced technology and competative market.
  • Buyers might make offers without seeing a house for several reasons: They live elsewhere or  for business and even for personal reasons. The buyers may have had scheduling conflicts and couldn’t visit before bids were due or they’re investors are use to buying just based on the characteristics of the property.
  • Even though some buyers are making offers without seeing the properties, they’re not going in blind. With the extensive photos and video tours, plenty of websites offer the buyers opportunities to learn about the neighborhoods, schools and research all comparable sales.
  •  Those who bid sight unseen have the chance to tour the house during escrow and can still cancel the deal. Courthouse auctions that are in the final stage of the foreclosure process do not offer a chance to see properties in advance, nor is there an inspection period.




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