with recent rise in the real estate market and many feeling comfortable with their home purchases, I have met with many of you over past few months for advice on real estate investments.  i read somewhere that 9 out of 10 millionaires are made in real estate.  I am sure you can identify many of your friends whose property values have gone up and they have homes valued over a million dollars.  How many friends can you identify who have become millionaires with stock options.  I understand that these friends with over million dollar homes have mortgages.  However, those will be paid off at the end of their mortgage terms. 
There is a meaningful word associations for each of the letter in word R-E-A-L, real Estate.

Yes, the real estate is real.  It is attached to the ground.  Its not paper money which can disappear any time, as we have seen many companies rise and fall.  The four letters of word R-E-A-L that make you wealthy are: 

– R for Real
– E for Equity 
– A for Appreciation
– L for Leverage

So these are four benefits to owning a Real Estate.

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Radio Show: Low inventory and higher demand means bidding wars on the desirable properties.  For the bay area markets bidding wars are not new.  The vibrant economy, high end job markets, vested stock options for large down payments and the great weather create a perfect storm in the rising housing markets.  These bidding wars break the buyers budget and fatten the sellers pockets.  So how does one prepare for this bidding war?  http://youtu.be/Dg8_CcRrgH0

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Beautiful blood moon.

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Radio Show: http://lnkd.in/b6CfVu4 As the month of April approaches, more and more sellers are showing up. However it is no where close to the normal market inventory. If you take Fremont as an example, normal was about 400-500 homes in the market. During the boom of 2004-2005, there were 250-300 active homes in the market at any given time. Recently the Fremont market inventory has climbed from 80-90 homes to about 160-180 homes in the market. We still have higher demand than the supply. Market Home absorption rate is 1 home selling every 10 days.

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 and that is related to your fears even before you decide to become a home owner.  There are concerns related to property values going down, being able to afford a mortgage,  being able to make ongoing payments, job security, visa status, life stability, why get tied to a neighborhood? rent vs buy scenarios and so on.  Home purchase is the largest investment of your life and it is perfectly OK to have these concerns.   http://youtu.be/byCQ9jj-XVE 

of course friends, the decision to invest all your life savings in one asset is a scary thought.  However, the home purchase is a big investment and it takes all you got for many of us.  Not only your life savings, however, it may take all your courage to make a decision that is so big and bold.  However, look at the big picture.  Every building, every house that you see is owned by someone, who is in this for a long term.  The history shows, that the real estate prices rise over the long term.  And do not forget the important fact, that you have limited work life.  If you plan to retire by current retirement age of 65 years, and typical home mortgages are 30 years, you better become a home owner today.  If you are above 35 years, you have a lot to catch up and if under, you need a good advice on what to do in life.  However, as the story goes with many of us, in our 20's we are trying to prove ourselves and in our 30's we are establishing our social presence.  So it may not hit you until after you reach 40 to do what's right in life.  One of the fear that is so fresh to many is the mortgage crisis of 2008 and the fall in property values.

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 First step in any home purchase is to get pre-approved for the home loan to find out your financial reach.  In one of the previous shows we have talked about differences between pre-approval and pre-qualification.  In my recent webinar, I showed the webinar attendees tools to get them pre-qualified.  And you can too, find out your prequalification and tools for the same by listening to the recorded webinar on my website.  OwnSweetHome.Net.  Today we are going to figure out how does one get pre-approved for the mortgage.  http://youtu.be/GtsIHoIWVJQ 

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These are the home owners who want to sell their home by themselves. For Sale By owner. Its not only create a huge liability for the home owner it may also creates ongoing headaches for the home buyer. This show topic was prompted by a recent call I received from a tenant in Fremont, who decided to buy a home from the landlord. They got hold of the standard real estate purchase contract and decided to do it themselves. Now the question came, who is really saving money? Its the seller or the buyer or both.  http://lnkd.in/bRTfVkm

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