Connie Gohata DRE #01822665

Market Shifts

March 27, 2017
Here's the latest trend where I live in Cypress, CA.  Surrounding areas are below:



Garden Grove:



Anaheim:



Buena Park:



Los Alamitos:


Long Beach:




Seal Beach:


Cerritos


As you can tell and see, the market is still trending UP UP UP!!  Time to SELL!
 

Housing Today - Feb. 2016

February 22, 2016

Seasonality in Real Estate: How Weather and the Time of Year Affect Housing!

Weather and the time of year have a big impact housing activity, and in every housing market there are times of the year when fewer homes sell. For most, that time of year coincides with the winter months, and in much of the U.S., that’s the case right now.

 

But no matter where you live, it’s important to know how seasonality affects the housing market. So let’s look at the current housing numbers, how seas...


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Sell now if you're going to buy something else!

January 29, 2016
We're in that stage of the market where prices are going up, for both sellers and buyers.  If you want to move to a larger or smaller place, it's time to put your house on the market and start looking for your new home.

BUT FIRST, you need to fix up your place - make it live-able but clean and neat, including the outside and the inside.  If you need termite work done, get it done now.  If you need to freshen up with new paint, new carpet, or even new flooring, get that done so you can demand t...
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Ugly truth - don't believe sob stories from renters

January 29, 2016
I just went through an eviction today.  It was not fun, including all the things leading up to it.  My renter should have been kicked out about 2 years ago, when they first got behind.  My fault.  After all, a mortgage company would not care what your story is, they just want the money.

After getting the court to OK the eviction, the Sheriff came, but fortunately, my renters had basically moved out.  I mean basically, because they left a lot of junk.  Now, after I changed the locks, I have to ...
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Rent Vs. Buy - why not buy?

January 29, 2016
Many renters don't know that they can actually buy a house.  There are a lot of loan programs out there that a good Broker can find you with very little to even no down payment.  You just need to ask - ASK ME!  I can "hook you up" with one of several mortgage lenders, your choice, and you can be on your way to home ownership.

What's the plan?  Here's a great one:
1. Find and buy the home.
2. Move into it and stay for at least 2 years.
3. Find a second home.
4. Clean up your first home, and move in...
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Massive ROI - You can do it! (ROI=Return on Investment)

November 12, 2015

I have great news to share with you - it's about how real estate can actually bring you massive returns, better than your bank, better than your 401K, even in recession.  Want to know how?  Let's meet - I'll even buy you lunch!

Other investments typically are really good if they give you 5% or even 10% on your money.  BUT I can show you where, if you take advantage of following a prescribed pattern, you can make a great return even better than with your IRA, 401K, or bank savings.

AND if you ar...


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Motivation

November 12, 2015
I have been in several coaching programs - some good, some not good.  I am not great at just suggestions - I need someone to say do this and then do that.  At this moment I am in two coaching programs, both completely different but both dealing with Real Estate.  In fact, they are about the exact opposites of each other - one is compared to high class, glossy, lots of bling, appealing to high end sellers and buyers.  The other is nitty gritty, get down in the trenches, commando type of market...
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Relationships

November 12, 2015
I just blew it with a friendship - I stepped on her toes, I took an unfair turn without her knowledge, I broke the trust code, I screwed up.  How's that for a relationship? - she would have cause to block me from her life, but unfortunately, I work in the same office and would have occasion to see her, speak with her, and to live my disgrace all over again.  Sure the fault is mine, and I freely admitted it.  She called me down on it.  She had a right to do that.  It was my own stupidity not t...
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Yet another Short Sale!

October 7, 2015
Wells Fargo Bank has a lot of foreclosure business and is still going strong.  I have a bank account with them and they own one of my rental properties (I say one, but right now, I only have ONE). BUT I'm not in foreclosure, so that is great!  I just finished a long, drawn out short sale with WFB and it would have been shorter had we not changed buyers 4 times and then the last buyer wanted to change the price at the last minute, which made the bank have to go back to decide yes or no.  They ...
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Some short sales ARE short - but is that good?

September 30, 2015
After 3 years of mostly short sale transactions, my business is turning towards more standard sales!  However, there are still families that need advice and help to stop the foreclosure of their home.

But this brings me to a funny yet sad story of one of my former client's wanderings in the nether world of foreclosure.  She would really be upset at me telling her story to anyone, let alone publish her story, so I will call her Nadine Ash.

The funny part of this story is that I tried to help her...

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No names, just facts

August 24, 2013

It's been a long road down the not-so-crimson pathway in short sale land.  Here's a familiar rant about what is happening - and it isn't even all about the banks (it's the buyers and sellers, too).

1.  I have a short sale listing - but the sale is going down the tubes.  Both 1st and 2nd Banks OK'd the sale, BUT.  The BUT is they (Nationstar) want to close in 10 days.  Why they won't budge, I don't know.  The seller is unhappy, thinks we aren't working h...


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Short Sales are STILL possible, but hurry!

July 18, 2013
There are still people in denial - are you one of them?  Are you eligible for a short sale in the Obama plan and have not acted?  You really need to look at your situation, now, and decide that you can beat the bank!  What does that mean?

If your lender has sent you a Notice of Default and a Notice of Trustee Sale, you don't have much time!  You need to call me to figure out your options.

I had a listing in West LA, a couple months ago.  She, the owner, waited too long to call me. We listed her...
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Investing in Yourself

April 13, 2013
I will be working with new agents in the near future.  Are you looking for a new way to get in the "game" of Real Estate?  Perhaps working at an 8-5 job is not for you anymore.  Working as a Real Estate Agent gives you more leeway with your time.  You can settle in to a system and routine that suits you.  This job can also be lucrative, but of course, you have to work at it.  Homes don't sell themselves.

The first thing you need to do to become a sales agent is to get your Real Estate Sales Li...
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False Reading - is the Market Turning?

February 22, 2013

Shortages in the inventory of homes are raising the price of the homes that are on the market, here in Southern California.  Are we seeing a turn in the market?  I heard today that inflation died in December.  But they didn't say if it will be resurrected in the future - I thought that the news of that death was premature.

Rates are still down, and there IS inventory out there.  If you are not a cash buyer but are someone who needs to have a mortgage, now is still a great time to buy.  With a ...


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I thought Short Sales were dead - I was wrong!

July 26, 2018
Short sales are NOT dead, just slowly growing old and tired.  I'm in the middle of one right now, and that is why I know they aren't dead.
If you are in a situation where you bought your home at 100% loan to value (yes, it was possible for a minute in time), and the market turns (and then you lose your job or your property tax becomes due... or you have a family health issue, etc.), you may be in this position, sooner than later.
The market may be turning and if you bought this past year, and have NO or LITTLE equity, you may be in a short sale situation at some point if your income declines.  What to do?  Well, it's too late to tell you not to buy!  So your choices?
1. Bury your head in the sand and ignore this (and cross your fingers)
2. Don't lose your income - in fact, get more income!
3. Sell now while you can
4. Bring in renters to those unused rooms
5. Rent out the whole house with a positive cash flow and buy a smaller place.

OK, these choices may not be satisfactory, but you may be in for a shock if you do nothing and you have no equity right now - if the market turns down, as indications say they will, you may be in a short sale position in the near future.

 

What's going on with this market?

July 26, 2018
All indications point to a turning point - we may be turning faster than it was thought, toward a more buyer-friendly market. That means homes won't be selling as fast, and they will either stay at the prices they are now or even go down!  

If you want to sell - now is the time!!

Here's an article from Tim and Julie Harris, written by Tim Ventura to Agents who listen to their podcast:


Is the market going to crash? On yesterday’s show we cited data from CNBC, and in today’s show we’re discu...


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2018 Winter Olympics

February 13, 2018
I've been having trouble concentrating on work - why?  Because I want to see who is winning what in the PyeongChang 2018 Olympics.  It's because I have so much access - my phone, my iPad, my computer, my TV.  I am writing this on my computer and watching Speed Skating on my phone.  Republic of Korea just won!

But hey, all work and no play - or is it all play and no work won't bring home the bacon or the mortgage.  So I'm shutting off the Olympics until I get in front of my lunch - it's only 11...
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Market Up Market Down - What about housing?

February 13, 2018
I'm truly amazed at housing prices - even rental - in the west side of LA - or any part of Southern California.  If you are a first-time home buyer, it's mind boggling.  What should you do if you are just starting out?

My suggestion - since the housing market has shown (for the past 65+ years) that it will continue to rise overall, buy something that you can afford, now!  If you bought a home in 1990, it has probably doubled or more, in value.  I bought a house in 1974 for $35,000, in Fountain...
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It's Thanksgiving! What are you thankful for?

November 21, 2017
Many people on this earth have nothing - we in the US, even if we are poor, are much better off than many of whom are in third world countries or those who are refugees living in camps.
We have opportunity, here, and if we can pick ourselves up by the bootstraps and be enterprising, there is nothing that can stop us!
I'm thankful that I have a place to live and people around me that love me.
How about you?  What are you thankful for?
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How About Those Dodgers!

October 24, 2017

I'm getting ready for the game - it starts today at 5:00 at Dodger Stadium, but I, like most of the rest of the world, will be watching it on FOX, channel 11 here is SoCal.  That is in an hour and 45 minutes from now, just long enough for me to start something and not finish it.  But I thought I'd at least leave my thoughts, here.

Behind the scenes of a Realtor??:

I get calls and solicitations every day - today was from a company who would send me referrals.  They say the leads are vetted alrea...
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Slowing down or speeding up? Hot Market?

October 20, 2017
It seems that we are in a hot market for sellers - BUT.

The BUT is that we are in a slower market - because there are not a lot of people who want to sell right now.  There could be a number of reasons for this - sellers, even thought they will most likely sell at a good price, don't want to buy at a high price.  The season isn't right - the kids are in school and the parents don't want to move.  It would be less expensive to add on to the present house than move.

Then there are people like me ...
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Yo Ho Prices

September 19, 2017
It depends on where you are looking - I was looking around Los Angeles, in the different parts of mid and west LA - I'm just amazed at how much these small homes are going for in price - not the $400K's - they are in the $600Ks to $800Ks - like they were made of gold.  Some, in fact most of these were in the bread and butter neighborhoods, not the up and coming executive neighborhoods - so who, on a bread and butter salary can afford to live in these homes?

My home, in OC, is a 5 bedroom/3 bat...
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Home Prices - Still High!

August 14, 2017
My daughter is thinking about her future.  She is looking at the difference between renting and buying a home - because in the near future, she is planning to get married.  She is amazed that home prices are SOOO HIGH. 

I told her that RENTS are high, too so she may as well BUY.

What about you?  You have to start, somewhere, if you are going to buy.  Why not squeeze the trigger and buy something small in a city or area that is not as desirable as where you want to end up?  As prices go up, your...
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Housing prices in SoCal are going UP!

March 31, 2017
Time to get on the bandwagon - time to buy.  Why?  well, if you keep your property for 5 years, it could appreciate by a lot of $$!!  Then you can use this money to put a small down on another house - move there, and rent out the first house.  Rents are going up, too!  You have a win-win situation, using leverage.  

I was watching Flip or Flop the other day - they buy for cash - NO leverage, because they are in, fix up, and sell.  No time for appreciation, except for what they build in to the ...
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About Me


Connie Gohata Realtor® and RE Investor Short Sale and REO Specialist Regular Sales, Distressed Sales CA/BRE #01822665 Phone: 714-553-9146

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