Wednesday, March 10, 2010

Is Buying a Foreclosure Really a Bargain? What You Need to Know

In today’s tumultuous economy, it’s no surprise that there are foreclosure properties to be found in just about every community across America—even ours. While a terrible hardship for homeowners to endure, foreclosures can present a unique opportunity for first-time home buyers and investors looking to purchase a “bargain-priced home” with the potential for building instant equity.

As an experienced real estate professional, I want to advise you to tread carefully when it comes to foreclosures—they might not be quite the bargain you expect. Here are some important facts you need to know before venturing out into the foreclosure market:


- Homeowners faced with foreclosure are understandably stressed and resentful, which can often lead to neglecting routine maintenance on a home. Sometimes, even deliberate damage is done. Assessing the home’s condition, therefore, is a must.

- Foreclosure properties have often been vacant for an extended period of time. Look for problems caused by damp conditions, such as mold.

- Get a thorough home inspection before bidding on the property. Once the damage/disrepair of the home is assessed, factor this in when bidding on the home.

- Contact a real estate professional—like me, who is well steeped in the community and can provide information about pre-foreclosure properties, that is, homes that have been scheduled for foreclosure but have not yet gone to auction or been sold off. These homes need to be sold quickly as owners are trying to avoid foreclosure and its impact on their credit.

- Last but not least, go to www.hud.gov for information on how to buy homes acquired by the U.S Department of Housing and Urban Development as a result of foreclosure action on an FHA-insured mortgage. The site also has information on special programs and opportunities for teachers, law enforcement officers and others.

While buying a foreclosure property takes patience and research, the results can be well worth your time and effort. For more information, please e-mail me micahstovall@gmail.com or email steve@stevestovall.com, and please pass this on to anyone you know who might be interested in exploring a foreclosure purchase.

Tuesday, February 9, 2010

Relocating? Top 5 Reasons to Find the Right Real Estate Agent

Relocating? Top 5 Reasons to Find the Right Real Estate Agent

Believe it or not, even though selling and buying a home is one of the most stressful, most important financial and lifestyle investments you’ll ever make, most people spend very little time in selecting a real estate agent to work with. Even worse, most people tend to believe that all real estate agents are the same and possess the same skill sets and capabilities.

As a member of the Top 5 in Real Estate Network®, an elite group of real estate agents that requires members to meet a series of stringent criteria before joining, I know all too well how wrong the above perceptions are. When confronting any real estate decision, especially one that involves relocating to a different region or state, it is critical to select an agent with the necessary skills, experience and proven results.

Here are the top 5 reasons to use a professional real estate agent to handle your relocation:


1. The amount of homework involved. Moving to a new area means conducting a lot of research to learn about school systems, recreational activities, community services, etc. A seasoned, qualified team will do most of this work for you and will suggest accurate resources for you to search out on your own.

2. The need for sounding boards. A relocation places a fair amount of stress not just on you, but on your entire family. There will be lots of concerns, questions and anxieties involved. A professional real estate agent has dealt with this situation hundreds or thousands of times and will know how to listen and respond with the right information to allay the fears of your entire family.

3. Settling into the new area. Successfully acclimating to the new area means quickly finding access to your favorite sports, hobbies, interests, etc. A professional real estate agent is well-steeped in his or her community and will help get you and your family involved in the things you love to do right away.

4. Gathering the right paper work. From school records to medical information, there is a lot of paperwork that needs to relocate with you. Your real estate agent should be able to provide you with a checklist of all the materials you will need to gather and transport well in advance.

5. A network of professionals. Successfully relocating to a new area requires not just working with a professional real estate agent, but many other credible professionals as well, such as builders, landscapers, handymen, child care providers…the list goes on. The right agent is well entrenched with many proven professionals in all of these fields and more, and can serve as a single hub for great referrals. Top 5 Members have access to a large network of other Top 5 Members across North America, ready to assist in your successful relocation.

Handled correctly, a relocation is a positive, exciting experience—a fresh start, not a painful mistake. If you’d like to learn more about ensuring a smooth and happy relocation, feel free to contact us and we will share all the information that we have.You can reach us by phone at 714-343-9294 of 714-378-3438 or by email at micahstovall@gamail.com or steve@stevestovall.com. Please pass this e-mail along to family and friends who might also have a relocation in their future.

For a very user friendly home search chek us out at www.steveandmicah.com and please thin of us when you list your Fountain Valley home for sale.

Thursday, February 4, 2010

New Listing In Huntington Beach





Beautiful H.B. Home

3 spacious bedrooms...Master Suite and Bath

Cove lighting and Ceiling Fan in Master Suite

2 Remodeled Baths

Mirrored Wardrobe Doors in all Bedrooms

Beautiful Stone Faced Exterior Trim

Gourmet Kitchen w/Stainles Steel Appliances & Convection Oven

Formal Dining Room

Dual Pane Windows T/O

Scraped Ceilings

6 Panel Doors

Formal Livingroom w/Custom Bay Window & Surround Sound Speakers

Wood Burning/Gas Fireplace in Familyroom with French Slider to Backyard

Custom Leaded Glass entry door

ADP Alarm System

Private Backyard with covered patio, lush green turf & planters & Block Wall Fencing.

1480 Sq.Ft. per accessor

6246 Sq.Ft. Lot

Asking just $579,900.


16692 Ross Lane H.B. ,Ca. 92647
N/Warner W/Magnolia



For a private showing of this home or any other Orange County homes for sale please call us at 714-343-9294 or you can reach us by email at micahstovall@gmail.com or steve@stevestovall.com. You can visit our website www.steveandmicah.com