Explore San Jacinto, CA
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 3
Currently, one of the most driving forces in the Hemet - San Jacinto Valley Real Estate Market has been first time homebuyers scrambling to take advantage of the $8,000 tax credit  (10% of Purchase Price - Max $8,000) that was created as a stimulus to the economy. In my opinion, the program is very definitely a success.  Yes the IRS may be out a few dollars; but look at the trickle down economics that is stimulating local economies.  Not only are houses selling quicker than any time during the current housing crises, but new homeowners are spending thousands of dollars fixing these homes so they are habitable with everything from fresh paint, new flooring, revitalizing landscapes and so much more. It doesn't matter if the new homeowners are the handy do-it-yourselfer or the 10 left thum...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 1
 As a Member of the local Hemet San Jacinto Association of REALTORS® (HSJAOR) I am a Member of SoCalMLS - the Second Largest MLS in the entire country.With the resources available to SoCalMLS, the powers to be are constantly looking to enhance the services offered to REALTORS® like myself to help us provide the best service available to our clients.Next week, SoCalMLS will be making significant changes that I look forward to.  Perhaps the biggest upgrade is access to Statewide data through ReaList.  All of California's 11,302,907 parcels in all 58 Counties  will be at my fingertips.  No longer will I be limited to conducting searches on my own to the southern California Counties. It gets even better...now I will have access to the Plat Maps for each parcel - previously I was charged $2 ...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 6
Abraham Lincoln said those words...and how true they are today in the 21st Century as they were in the 19Th. The real estate market in the Hemet - San Jacinto Valley, located in South West Riverside County in the Inland Empire Region of Southern California is not a place to wait if you want to find a deal on a bank owned home anytime soon. There are several variables at work, which I believe will change the market, bringing the prices to the lowest point yet, in our current economic disaster. The first element is undisputable in that our market will always began to slow at the end of July. The ‘traditional season' ends mid summer so that families can be relocated prior to the beginning of school. No one want to plan on a move in October or over the holidays - just not a good time to pa...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
SAN JACINTO SOLD SUMMARY - 5/202/09 - 6/20/09 In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  As I was finishing up there was one more statistic that was glaring me the face.  I hated to admit it - heck I didn't even want to look at it, because it was so painful.  Once I did though the pain quickly subsided and turned to anger. This data supports my biggest pet peeve and strong belief that "ALL REAL ESTATE IS LOCAL AND YOUR REALTOR SHOULD BE TOO!"  Of the 136 homes that were sold in San Jacinto between May 20th and...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
FINANCING OBSERVATIONS In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In the previous segments I looked closely at each of the 4 types of financing used to buy a home in the San Jacinto CA real estate marketplace.  The five previous segments published are: FINANCING - CASH, FINANCING - CONVENTIONAL FINANCING - FHA FINANCING - VA FINANCING - Last But Not Least...Land Contract In this portion of my report I want to look at the data provided and compare the benefits and strengths of each finance type, as it applies t...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In this segment, I will look closely at a single San Jacinto home for sale that sold with a LAND CONTRACT. Of the 136 properties SOLD in San Jacinto CA during the period of May 20, 2009 to June 20, 2009 there has to be one odd ball...right?  Well this is it.It is hard to say just what happened, based on the records that I have easy access to. There is one home that was recently purchased from HUD in April and then sold again in the MLS earlier this month.  What is con...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In this segment, I will look closely at San Jacinto homes for sale that sold to owner occupied buyers with a minimal down payment using the government sponsored VA loan program. The veterans of our country have numerous benefits to help offset their generous sacrifices in the service of our country.  One of them is that they are guaranteed a VA home loan with no money out of their pocket to close escrow and move in.  When scouring the market of homes for sale the vete...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In this segment, I will look closely at San Jacinto homes for sale that sold to owner occupied buyers with a minimal down payment using the government sponsored FHA loan program. FHA Financing is the dominate method to purchase and finance a home in the current market.  67, or nearly one in two of the 136 San Jacinto home buyers,  49.26%, used the government sponsored FHA loan program that only requires a minimum of 3.5% down payment.  FHA Financing has established st...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In this segment, I will look closely at san Jacinto homes for sale that sold with a larger down payment and Conventional financing. Of the 136 San Jacinto, CA homes that Closed Escrow during the period of 5/20/2009 through 6/20/2009 35 were financed with CONVENTIONAL FINANCING.  These homes are typically purchased by investors who are seeking to leverage their cash by typically putting 25% of the purchase price down on the property and financing the balance with a Con...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market  by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.In this segment I will look closely at a very important segment of the market - the one controlled by CASH investors.  Cash transactions accounted for 20.59% of all the closed San Jacinto real estate transactions during this 30 day period.  Of the 136 homes that SOLD in San Jacinto, CA during the period of 5/20/09 until 6/20/09, 28 were purchased with CASH MONEY and 26 of those were for bank owned REO properties. The Average CASH Transaction was on the market for 64.79...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 0
On June 20, 2009 a report of all Single Family Residential real estate listings reported as SOLD in the last month (from 5/20/09 to 6/20/09) was run on the MLS, using the data as provided directly from SoCalMLS. This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself.  There are, of course, no guarantees to its accuracy.  There were a total of 136 individual San Jacinto residential real estate properties considered, after eliminating 3 duplicate entries and verifying what appeared to be misinformation or lack of available information.  This data does not include multi-family, mobile homes, land, commercial, leases or any other type of homes - this is strictly residential real estate in both zip codes o...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 7
As an REO Listing Agent and REALTOR inn the Hemet San Jacinto Valley, who got in early I can say that my life has been blessed.  Not only have I sold more houses than I ever thought possible but I have gotten to know some really spectacular people.The business has been so good to me that I have outgrown the traditional business model of a traditional real estate office and forced to re-invent myself and the way I look at this business.  I found a Virtual Broker that truly does pay 100% commission after a small annual fee of approximately $3,000 a year - which includes E&O Insurance.  Allison James Estates & Homes is much more than a rent-a-broker; they are a virtual broker - still providing me with access to the same tools I would expect from a traditional broker - only I don't have to ...
By Scott Barr, Realtor
(Pacific Sotheby's international Realty)
Comments 0
       In soccer we have a saying "it's  always fun when you win." When you  win it doesn't matter how bad the  referreeing was or how many fouls the other team committed. In fact, you  start thinking that maybe Hitler was  not such a bad guy after all. Well, I  wouldn't take it that far but I think  you get my meaning. The same thing happens in real estate. When a  home finally does sell, all is well with  the planet especially in today's market. A lot of buyers are still on the fence wondering how much lower  prices can go. Sooo a victory is a victory and I savor all of them just the same.In this case there were at  least three winners: the sellers, the buyers, and the selling agent. It felt so good to put up  my sold sign. I can't wait to do it again and again.
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 1
When a property is taken back by a lender through the foreclosure process they not only have to deal with the loss of the monthly payments for the better part of the last year – or n some cases even longer.  They not only have to provide the financial resources for the legal process to take the home back.  In fact the lenders losses are just starting to add up and the real money could be forthcoming. Once the property has been secured and back “in the hands’ of the lender / owner the process begins to minimize the loss incurred.  Of course the best way to minimize any future expense is to sell the home quickly.  The local South West Riverside County in Southern California is experiencing a rapidly declining market and no area is hit harder than my local Hemet – San Jacinto Valley.  When...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 7
  There is of course a huge difference between the traditional sale of a home compared to the sale of a home that has gone through the foreclosure process and is now owned by a bank / investor.  EMOTION To sum it up in one word it would have to be emotion.  That’s right the traditional homeowner who wants to sell their home is emotionally attached to it.  They know of the blood, sweat and tears that went into making it the home it is today and they want to be compensated for their efforts.  The traditional real estate transaction is all about the personality of the seller, which has been invested into the home being offered for sale.  It is the most prized possession of the homeowner.  Many times, the homeowner will want more for their home than what the market says it is worth – becaus...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 2
    The REO Agent is the player on the front line – the one who comes in direct contact with the public and other real estate agents representing buyers of the REO properties that the listing agent has listed in the MLS and is marketing for sale. The question is who does this agent work for?  The REO Agent is just that – an agent which means he or she works for a principal.  So who is the principal and what role does the REO Agent actually play in the disposition of the property. THE OWNER First, the reader needs to understand that the actual REO home for sale is owned by an Investor who originally funded the loan to the borrower who lot the home for non-payment of the home loan (or mortgage as it is often referred to – even though we do not have ‘mortgages’ in California).  As the owne...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 5
  With so much information available on the Internet it is no reason that consumers are often confused on any number of topics.  Well, the amount of information published about REO’s is no exception. Nearly 40% of the States in America DO NOT provide for the defaulted home borrower to redeem their homes, once it has been foreclosed on.  This means that majority of the state have some sort of redemption process. However, for everything that I write about, I always look at the situation through the eyes of a California licensed REO REALTOR®.  I am not an attorney, but I can share my opinion of laws, s I understand them.  Of course, you should always consult with your own legal counsel to verify the peculiarities of your own personal situation. California is one of the states that do not h...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 12
  As a Real Estate professional I find it critical to a successful career path to invest in my continuing education.  After all, what other professional would anyone ever want to use if they did not keep up-to-date on the latest laws, trends and acceptable ways of performing their duties?   Certainly none that I would ever want to pay money for.So, as a REALTOR® who specializes in the listing and sale of REO, or bank owned homes, in the Hemet – San Jacinto  it is important that I continue my education – not only for my benefit, but so that my client is getting the very best listing agent of their bank-owned asset.  FORMAL TRAININGThe National Foreclosure Sales Training Institute (NFSTI) offers a certification program that provided the basic backbone education of this REO specialty.  Aft...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 12
As a local REO REALTOR servicing South West Riverside County from offices in the Hemet-San Jacinto Valley, John Occhi has went and done it again – grown faster than his team of seasoned REALTORS can keep up with. John and his Inland Empire REO Team is currently averaging less than 7 days on market for all REO homes that are listed and sold – many are pre-sold even before they are released on the MLS to the local REALTOR population and the general public through syndicated sites like REALTOR.Com (where all of the teams listings are showcased), Zillow, Trulia, Yahoo and many others.  This certainly gives team members a cutting edge advantage in servicing their own clients if they know a price for a home 2 to 3 days before the mass population knows about the property’s price. Imagine the t...
By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Comments 9
Lenders are doing whatever they can to sell their inventory of REO homes.  There are entire portfolios being sold wholesale for 60 to 70 cents on the dollar of the BPO price-which can be a great deal if you have $10 million or more to invest.  Most homes are being assigned to REALTORS® like myself to list, market, maintain and sell the assets on the retail real estate market.  In the Hemet-San Jacinto Valley we saw the number of closed REO sales during the month of June 2008 exceed 70% of all the sales in this local market.  I am sure many other Inland Empire areas have very similar results to report.Banks though need to sell their homes quickly and many are trying to do that through the auction process.  We have all heard the stories of a savvy shopper who picked up some great home fo...

San Jacinto, CA Real Estate Professionals