Is Orange County Real Estate Market BOUNCING BACK ?

Orange County Home Price Showing Stabilize in many cases Start Heading UP UP UP !!!!

BUYERS ALERT ... BUYERS ALERT !!!

I'm doing the preview and showing approximately 70 - 80 homes a week ... For the last 3 weeks every where I go ... Many properties which has reasonable price was SNAP OUT from the market and PENDING IN ESCROW right away ... BACKUP OFFERS status are all over the Internet.

Combine of:

1. US Dollar weakening
2. Stock Market are so risky to get involve
3. GOLD price is too high and may crash at anytime (Just like Real Estate market couple years ago)
4. At this moment China continues to be THE WORLD #1 Buyer of Building Materials ... Even here at home The good old USA many American's Companies prefer to do business with China than at home ... CHINA BUYING POWER PUSHING BUILDING MATERIAL PRICE UP.
5. Look at GAS PRICE almost $4 Dollars per Gallon driving EVERYTHING ELSE UP.
6. But housing continue to have Lower Interest Rates
7. Housing price at their Lowest Price since 2004
8. Tax write off advantage
9. Chance to building up Equity and Saving
10. Chance to Fulfill your AMERICAN DREAM is to owning your owned home ... So your wife don't yell or get Mad with you because you're missing the boat again.
11. After all NOW at this moment INVESTED IN REAL ESTATE in southern California specially ORANGE COUNTY seem to be the WISE CHOICE to me.

Please Read my previous Article which I wrote 2 months ago ... Back then after I analyzed that Real Estate Market it self will stabilize in the next 3 to six month and for sure it's start working now ... Many buyers know that the market is bottom out so they all jump off the fence at the same time and start buying making offers left and right AT THE SAME TIME ... in some case I experienced that property pricing was increase by $20,000 to $30,000 after only couple days of listing my own listings also got multiple offers (15 to 20 offers in 2 weeks) and most of them are over asking price.

If you look closely in some case actually buying is paying less than renting ... specially for many young couple ... remember STARTER HOME is not your dream home but it's a first step to getting there ... it's will help to saving for your equity, Tax advantage and place to call home.

DO IT NOW ... Don't miss the BOAT ... believe me I'm in this business close to 20 years I know what I'm talking about ... If you are waiting for MEDIA NEWS you are TOO LATE !!! HEY BUYERS ... !!! WATCH MY LIP ... DO IT NOW "BUY NOW" BEFORE IT TOO LATE !!!...

Sincerely
Your Home SOLD in 45 days or we'll buy it for cash!!!
Vinny Tran / Nancy Do
www.VinnyTran.com
(714)531-2678

Why serious buyers need loan Pre-approval?

Why serious buyers need loan Pre-approval?

Obtain the Best Rates & Lowest Closing Costs
When you are ready to purchase a home, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective in the final buyer they choose to negotiate with. In such a crazed seller's market, it's not uncommon for a home seller to receive multiple offers on their property. With that said; there are certain things you can do to make certain that your offer is the one Seller goes with.

The vast majority of Purchaser's today go about the process entirely wrong, putting themselves at an overwhelming disadvantage!

Let's look at this from the Sellers perspective for a moment. If you were the Seller and had multiple offers on your property, all things being equal, would you accept the one with Certificate of Financing Approval or the one that was still conditional on Financing? The answer is obvious. Why then, do so many buyers wait to start the financing until after they have found the home?

What I have found is that those buyers are usually very good, qualified buyers and are not worried about getting approved. Even though they usually are correct and will ultimately be Approved, the Seller in most cases has no guarantees.

Lastly, from a cost savings perspective...

As a prospective purchaser, it makes all the more sense to start the financing early on so you can get a firm handle on your interest rate and estimate of points and closing costs. If you do this before finding a home, you are not under any time constraints and are less likely to over pay like a buyer who has found a home and is under strict time constraints.

Watch this Video to understand more about Home Loan what is the difference between Prequalified and Preapproval why it's so important when buying or refinance home.
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Should you decide that you wish to take advantage of Pre-Approval, simply give us a call at (714) 531-2678 or Email us at mrlittlesaigon@yahoo.com we will locate the absolute best mortgage rate and lowest closing costs possible and process your application without any cost or obligation.

Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678

VIDEO: FORECLOSURE is NOT an option !!!!

VIDEO: FORE CLOSURE IS NOT AN OPTION !!!!
WHY SHORT SALE? ... Because FORECLOSURE IS NOT AN OPTION, Many people with Mortgage late payments THINK that a FORECLOSURE MIGHT BE OKAY, or just be 7 years on the credit report ... WRONG!!! FORECLOSURE CAN BE MUCH WORSE AND THE DEBTH NEVER GOES AWAY Find Out Why?
1) Turn on your speaker
2) CLICK the Arrow Icon below to watch Video

Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678

Buying A Home - Top things to know

Buying A Home
Top things to know

1. Don't buy if you can't stay put.

If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner.

2. Start by shoring up your credit.

Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover.

3. Aim for a home you can really afford.

The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you'll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.

4. Don't worry if you can't put down the usual 20 percent.

There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a down payment as small as 3 percent of the purchase price.

5. Buy in a district with good schools.

In most areas, this advice applies even if you don't have school-age children. Reason: When it comes time to sell, you'll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values.

6. Get professional help.

Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process.

7. Choose carefully between points and rate.

When picking a mortgage, you usually have the option of paying additional points -- a portion of the interest that you pay at closing -- in exchange for a lower interest rate. If you stay in the house for a long time -- say five to seven years or more -- it's usually a better deal to take the points. The lower interest rate will save you more in the long run.

8. Before house hunting, get pre-approved.

Getting pre-approved will you save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.

9. Do your homework before bidding.

Your opening bid should be based on the sales trend of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months. If homes have recently sold at 5 percent less than the asking price, you should make a bid that's about eight to 10 percent lower than what the seller is asking.

10. Hire a home inspector.

Sure, your lender will require a home appraisal anyway. But that's just the bank's way of determining whether the house is worth the price you've agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.

VIDEO from Money Talk News - HOME: Rent or Buy ?
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2) CLICK on Arrow Icon below then kick back relax and enjoy



Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678

Eat your Heart Out ... C21 Olympic Team Christmas Party 2007

Hey Leesa & Anthony Thank You so much for the great party this is the first Christmas party with you guys and we like it very much you guys are great.
Video: Eat your Heart Out ... C21 Olympic Team Christmas Party 2007
To watch Video to see how we party:
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2) CLICK the Arrow Icon below to watch Video.

About Us
Welcome to CENTURY 21 Olympic Team.

CENTURY 21 Olympic Team is the largest, most active Real Estate company in the Southern California.

CENTURY 21 Olympic Team understands the goal of every buyer: to receive maximum value for the price you pay. We specialize in one thing: Value. Pre-construction prices, waterfront property and hidden gems along the Southern California are our niche. We'll show you where the deals are.

CENTURY 21 Olympic Team also gives you the attention you want and the personal assistance to help you make an informed purchase that suits you, not us. If you want to find your deal and feel good about it, CENTURY 21 Olympic Team Real Estate Company is the place.

Value. Hidden gems. The best deals in pre-construction pricing. That's us. We know about the deals before they hit the market. That's who we are. CENTURY 21 Olympic Team professionals.

Our Mission:
Our overall mission is to assure that owners and investors receive the most effective research, advisory and transaction services tailored to the nuances of each property type. We achieve this mission by providing our agents with specialized training, custom tools and research for each property type as well as ongoing organization and communication.

Our Real Estate Company has more listings and real estate sales in Orange County than any other real estate company. We feel that our success comes from important things like being accessible to you.

Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678

National association of realtors® - March 06, 2008 - Flat Existing-Home Sales Likely Before Gradual Recovery

National association of realtors®

Flat Existing-Home Sales Likely Before Gradual Recovery

WASHINGTON, March 06, 2008 - The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors®. Lawrence Yun, NAR chief economist, said many buyers have been waiting for higher mortgage loan limits. “The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate mortgages in high-cost regions,” he said. “Therefore, a notable rise in home sales can be anticipated in the second half of the year."

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in January, held at a stable level of 85.9, unchanged from December, but was 19.6 percent below the January 2007 reading of 106.8. “This additional sign of a stabilizing market is encouraging, and our members are telling us there’s been a pickup in shopping activity.” Yun said. “Our hope is that the increased traffic of buyers looking at homes will translate soon into more contract offers.”

The PHSI in the West jumped 13.0 percent in January to 93.8 but remains 12.7 percent below a year ago. In the Midwest, the index rose 0.6 percent to 85.2 but is 13.3 percent lower than January 2007. The index in the Northeast declined 4.1 percent in January to 69.6 and is 28.0 percent below a year ago. In the South, the index fell 6.1 percent in January to 89.5 and is 23.8 percent below January 2007.

Existing-home sales are forecast to remain flat around an annual level of 4.9 million in the first half of the year before improving to a 5.8-million pace in the second half. With a weak first half, total sales for 2008 are projected at 5.38 million, but are then seen to rise 3.5 percent to 5.60 million in 2009. The aggregate existing-home price is projected to decline 1.2 percent to a median of $216,300 this year, and then increase 3.5 percent to $223,800 in 2009.

A pattern of disparate price performance continues around the country with a roughly even split between up and down markets. Recently released data for the fourth quarter shows strong price gains in markets such as the Kennewick-Richland-Pasco area of Washington; Topeka, Kan.; and Atlantic City, N.J. At the same time, many areas that have lost jobs are showing price declines.

“Significant price declines in some local markets have sharply and quickly improved local affordability conditions, and are inducing buyers to return to the marketplace,” Yun said. NAR’s housing affordability index is forecast to rise 14 percentage points to 127.0 in 2008.

New-home sales should decline 23.7 percent to 590,000 this year before rising 7.2 percent to 633,000 in 2009. Housing starts, including multifamily units, will probably fall 25.1 percent to 1.01 million this year, and then continue to slip another 2.7 percent to 987,000 in 2009.

“As builders sharply cut back production, vacant new-home inventory has consistently declined over the past year-and-a-half,” Yun said. “That will permit a quicker return to balanced market conditions in many local areas.” The median new-home price is likely to fall 6.1 percent to $232,200 this year, and then rise 5.1 percent in 2009.

The 30-year fixed-rate mortgage, which has moved erratically in recent weeks, is expected to hover around 5.8 percent most of the year, and then rise to an average of 6.3 percent in 2009.

Growth in the U.S. gross domestic product (GDP) should be 1.5 percent this year and 2.4 percent in 2009. The unemployment rate is projected to average 5.4 percent in 2008 and 5.5 percent next year.

Inflation, as measured by the Consumer Price Index, will probably be 3.2 percent this year and 1.5 percent in 2009. Inflation-adjusted disposable personal income is expected to grow 1.4 percent in 2008 and 3.1 percent next year.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

# # #

(1) The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 parallels the level of closed existing-home sales in the following two months. There is a closer relationship between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than with month-to-month comparisons.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.

Existing-home sales for February will be released March 24; the next Forecast / Pending Home Sales Index will be released April 8.

VIDEO Home Foreclosure Buyers - Avoid These 7 Costly Mistakes
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Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678

Buyer Miss-Understood about SHORT SALE

Buyer Miss-Understood about SHORT SALE
Understand SHORT SALE is NOT BANK OWNED
This is the real Email Answesr from us to one of our buyer Misled by the Short Sale Listed Price!

"VinnyTran.com" wrote:
That's OK ... I am glad that you now understand what is the meaning of SHORT SALE and also other mess seller leave behind for buyers (to name the few like: Tax lien, other junior liens on the house, law suit ... ) buyers must clean it up before taking title of the house
Yes this Saturday 2pm at my office and we'll continue our home searches in the area, I have your Mc.Duff and Lampson property on my list beside that we going to visit other bank repos properties in the area ... see you then.
Sincerely
Vinny / Nancy
(714)531-2678

ACTUAL Buyer wrote:
Chu Vinny,
What an eye opening! Txs so much for the info. I have
been searching the wrong way. I got misled by the
listed pricing...My intention was not to focus on
short-sale, but the houses I found happened to be short-sale.
Here is one bank owned, pls arrange to see this Sat.
P622621 - 11691 MAC DUFF STREET, 92841
we’re open to your suggestions....
Also, can you pls check to see if the house on Lampson
is short-sale or bank owned?
Sincerely,

--- "VinnyTran.com" wrote:
> Hi ,

"Recently, short-sale houses are lowering their
> asking price to $350K price range"
>
> So you really Do Not understand what short sale
> really is, it is something like this:
> (2 years ago Many buyers purchase properties under
> NO DOWN payment) there for their purchase price also
> is their Mortgage Loan.>
> Example: >
> In 2006 a buyer Purchase his home at $600,000
> with NO DOWN there for his Mortgage Loan also is
> $600,000.
> In 2008 as today market that same home only worth
> $450,000 ($150,000 less than what they bought the
> house for).
> There for at a BIG LOSS for their financial they
> decided to get rid of the house by selling it at
> LESS THAN today market price ($450,000) ... by
> listing the property way lower than what it worth
> ... sometime they listed at $100,000 with the hope
> that some Buyer will put an offer in and purchase
> home for that price ... So they can use this buyer
> as a bargain chip to get out of their Bad Loan.
> Now let say some Buyer whom Do Not understand
> what Short Sale really is and thought if they offer
> $100,000 for that house they can get the house for
> that price and gaining $350,000 Equity in that
> house.
> But that is not the case ... 10 times out of 10
> times Lender will not approved such a Naive and
> Crazy selling price ... They will reject such a none
> sense offer or counter the offer back almost to the
> Full Market Price (we are very lucky if they giving
> us 10% discount on the market price ... Usually is
> 5% discount on Market Value is the norm.)
> Do some more research about Short Sale for
> yourself so you'll have a better understanding what
> is it all about, BANK REPO, REO is a must better way
> to buy foreclosure homes.>
> Sincerely
> Vinny Tran
> (714)531-2678
>
>
> ACTUAL Buyer wrote:
> Hi chu Vinny & co Nancy,>
> Thank you very much for your guidance, here is our
> situation:>
> Presently, our saving is around $40K. Our combined
> income after taxes are appx $5+K/mo. Based on the
> estimate calculation, a house of $350K + taxes =
> $2.5K/mo, which is 50% of our monthly income.
> Recently, short-sale houses are lowering their
> asking
> price to $350K price range. We're hoping to find
> "the"
> one w/in this range.>
> We understand it's difficult, but would like to
> continue this search a little longer. Looking
> forward
> to your further advice.>
> Sincerely,>
>
> --- "VinnyTran.com" wrote:
>
> > Hi ,> >
> > Nancy and I we have been helped many buyers very
> > much with financial situation like you guys moved
> in to there First Lovely Home.> >
> > 1) SHORT SALES are NOT the answer for your
> > searches.
> > 2) Most of the Single Family Homes is out of your
> > reach.
> > 3) You both now almost in the exhaust mode and
> > pretty soon will giving up in your search for
> homes.> >
> > My advice is: ... Ready to move in Bank owned town
> > houses with all new carpets, new paints, new
> > appliances ... is your BEST option at this moment.
> > This investment will allow you guys to save on TAX
> > and build up your Equities for your Dream Home in
> > the next few years.> >
> > Believe me I did want to tell you this at First
> > but ... at that time it is Not the right time yet.> >
> > NOW ... I hope it is the right time ... Think
> > about it and let us know and remember you are
> always
> > in good hands with us.
> > Sincerely
> > Vinny Tran
> > (714) 531-2678

Vinny Tran / Nancy Do
Your Home SOLD in 45 Days or we'll Buy It for CASH !!!
Visit us at => www.VinnyTran.com
(714)531-2678