Archive for November, 2013

5 Reasons To Buy A Home Now Instead Of Spring

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Price Increases Are on the Horizon

Prices are projected to appreciate by over 25% from now to 2018. First home buyers will probably pay more both in price and interest rate if they wait until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.

Owning a Home Helps Create Family Wealth

Whether you are rent or you own the home you are leaving in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

Interest Rates Are Projected to Rise

The Mortgage Bankers Association, the National Association of Realtor’sFreddie Macand Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the end of 2014. That is an increase of almost one full point over current rates.

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy.

If you have been thinking of buying a home in Fountain Valley, Huntington Beach, and surrounding areas, call Tim             Olivadoti or DeAnna Rehnert

(714) 746-2385   (714) 815-6215

Visit Team Olivadoti




Flood Zone Information



Some areas of Huntington Beach remain in a flood zone.

For information pertaining to your property regarding:

  • Flood Zone Information
  • Flood Insurance Rate Map Information
  • Flood Insurance Purchase Requirements
  • Flood  Protection Assistance

Call the Planning Department at (714) 536-5271, or visit City Hall where flood zone maps and other information related to the special flood-related hazard areas are available.

Flooding is not covered by standard property insurance; however insurance is available in the community. Flood insurance has a 30-day waiting period before coverage goes into effect.

Please call the city building department if you are considering doing any type of remodeling, room additions, or any construction to your home to verify what restrictions may apply. The NFIP has specific requirements to be able to do substantial in the floodplain area.

Although improvements to the Santa AnaRiver have improved have reduced potential flood impacts, flooding in our city may occur. It may be caused by the Santa AnaRiver, East Garden Grove Wintersburg channel, Talbert channel, or the Pacific Ocean. Most floods occur when the flood waters leave the rivers or channels; however abnormally large sea waves (tsunamis) from the ocean may create flooding near the coastline.

 Flood Insurance

Homeowner’s insurance policies do not cover damage from floods. Because Huntington Beach participates in the national flood insurance program (NFIP), you can purchase a separate flood insurance policy. This insurance is backed by the federal government and is available to everyone, even for properties that have been flooded. If you don’t have flood insurance, talk to your insurance agent.

Some people have purchased flood insurance because it was required when they got a mortgage or home improvement loan. Insurance is available for tenants to protect their personal properties against flood loss and to property owners with older mortgages that do not require it.

More information about NFIP flood insurance requirements is available on the internet at Fema’s website. The site contains hazard information, a general flood map, and a frequently asked question page. You may contact them at 1-888-CALL-FLOOD.



If your property is in the flood zone and you wish to see if you would be eligible to be removed from the flood zone and therefore, most likely not be required to pay for flood insurance on your structure, see the following information.

There is a procedure to request a LOMA; it stands for letter of map of Amendment. It amends your structure independently from the rest of the city and removes it from the flood zone. The procedure would be as follows:

1. Contact a land surveyor/engineer whom is experienced in elevations certificates and all the required paper work that is necessary to be filed with FEMA for a LOMA.

2. The residents of Fountain Valley and Huntington Beach highly recommend an engineer named Tom Decker. His phone number is (714) 963-6793 or (714) 580-7357.

3. Once you have received notice from FEMA that your property has been removed from the SFHA (special flood hazard area) and you have been given a Letter of Map Amendment Determination Document (removal), you then give a copy to your leader, whom at that time would release you from the requirement of paying flood insurance.

If you have any questions or concerns, please feel free to contact me:

DeAnna Rehnert

Star Real Estate

Lic 01269974

Email:[email protected].

(714) 815-6215




10 Hidden Hazards When Buying Foreclosures

Buying a foreclosed home can seem like a dream. What could be better than getting a home for a fraction of the market value? Some may even say that the deals sound like they could be too good to be true. In some cases, those doubters aren’t too far off the mark. There are some hidden dangers in buying foreclosure properties that, if you’re not aware of them, could be disheartening and disappointing. If you are pursuing this route in buying your new home, be sure to look out for these hazards and hidden costs.

  1. Destruction of Property – A sad truth about foreclosure properties is that they have often been purposely destroyed. Sometimes the homeowners do this out of frustration over losing their homes, or out of simple carelessness when they realize their home is irretrievably gone after too many missed mortgage payments. If the homeowners have not destroyed the property themselves, there is also a chance that the home has been vandalized by other people because it has been left sitting empty.
  2. Poor Maintenance – If homeowners were unable to afford their mortgage payment, they almost certainly were unable to perform routine maintenance on the property. Problems can be as minor as a few leaky faucets, or as major as damaged roofing or central units.
  3. It May Be Unclean – A house being left unoccupied for a significant amount of time can mean it will be unclean, either through neglect on the part of the former owners or normal depreciation as the property is left uninhabited and not looked after. When a homeowner is selling the home, they will scrub the house clean or hire a cleaning service to entice buyers. A foreclosed home will not have this benefit. Depending on how long it was left and what condition it is in, there may even be vermin or termites to deal with.
  4. Undesirable Renovations – Sometimes homeowners were in the middle of a renovation when they lost their ability to pay their mortgage, so you can wind up with a half finished project on your hands when you purchase the property. There is also a chance that a garage or basement was turned into a living space to rent out in order to try and offset the cost of the mortgage.
  5. No Electricity – There is a good chance the electricity will be off in the foreclosed home, so you will have a hard time seeing what you are buying. Depending on the weather it may also be very hot or very cold in the house, and vacancy can take its toll on appliances left behind.
  6. Personal Property Left Behind – Many homeowners leave items behind, either because they now have no place to put them or because they were locked out of the house before they could retrieve them. You will now be left with the job of disposing of these items if you decide to purchase the property.
  7. Lack of Landscaping – More than likely, nobody has been maintaining the lawn of a foreclosed home. You may have a yard full of dead grass or a lawn so overgrown it seems like a jungle! Your foreclosed home will almost certainly require some degree of upkeep when it comes to to the landscaping surrounding the structure.
  8. No Disclosure – Because the owner of the property is a bank and the bank has not actually lived in the house, they have no idea what problems or issues there may be in the home and they have no obligation to tell you even if they did. You will have to get your own home inspection done to uncover potential issues.
  9. Stripped Bare – You may find your new foreclosed home completely stripped of appliances, copper piping, and anything else that might be worth money. Many times the previous owners do this to try and make back some money on their lost home. Other times, the home was broken into and robbed after the previous owners left.
  10. Judgments and Liens – Foreclosure properties can sometimes come with titles encumbered by judgments or liens that you may have to pay off to close on the deal.

In short, buying a foreclosed property can be a great way to save money. However, be sure to look into all the potential costs involved before making a final decision. Do the math to determine if you will really wind up saving, or if the property will end up costing you when all is said and done. For more information regarding purchasing a foreclosure property in Huntington Beach or Fountain Valley, contact me at [email protected] or 1(714) 815-6215.




What Huntington Beach & Fountain Valley Buyers Want Most!

one cool thing wanted


Check out this new demographic that shows what Huntington Beach and Fountain Valley buyers want most! Contact me, DeAnna Rehnert, at [email protected] 1(714)815-6215 for more information.


Homeownership: Still the American Dream


After the harrowing challenges experienced by so many homeowners over the last few years, many housing experts had predicted that the belief in homeownership as a major element of the American Dream would soon die. There is now conclusive evidence that these experts were wrong. Back in September,The Joint Center of Housing Studies at Harvard University completed a study which concluded:

“The long term cultural preference for owning seems to have weathered the recent housing crisis.”

Now, a second source recently announced similar results. Fannie Mae just released their National Housing Survey of Delinquent Mortgage Borrowers. The survey asked questions about the value of homeownership to the most sensitive of all groups – those delinquent on their mortgages. Here is what they found:

Of those delinquent borrowers:

  • 74% still see homeownership as better than renting when building up wealth
  • 71% still see homeownership as better than renting when saving for retirement
  • 73% still see homeownership as better than renting for overall financial stability
  • 80% still see homeownership as better than renting as an investment plan
  • 70% still see homeownership as better than renting for creating an overall tax strategy

Bottom Line

Homeownership has always been and will always be a crucial piece of the American Dream.



What Buyers Don’t Want








Nice Green Valley 2 Story. Inside tract location and does not back. The interior has just been repainted, ceilings scraped, new carpet throughout, and new flooring in upstairs bathrooms. All Bedrooms upstairs. 5th Bedroom ( that was downstairs) was opened up to make a Family Room. The wall can be put back, to have a downstairs bedroom again. There is a 3/4 bath downstairs, full bath in the upstairs hall, and a 3/4 bath in the Master Bedroom. The Master Bedroom is HUGE and has 2 closets. Large back yard. This is a must see, your clients will love it! Green Valley features: 3 pools, 2 clubhouses, 21 acres of private park, and 2 award winning in-tract Fountain Valley Schools.


Angel Ave. home pic

Angel Ave. map pic