Monthly Archives: December 2020

4 Tips For Purchasing A Real Estate Short Sale In Orange County

What is a short sale in real estate? The real reason a person would want to engage in such a selling process can be financial distress or any urgent travel plans. Usually, the homeowners who initiate the short sale cannot pay the debt and have to settle on a lower than market price. This is a legal contract that is agreed upon by all parties.
Investors, or as we call them, buyers interested in the short sale homes, must understand and consider a few essential aspects. A successful investment has to be thorough and well planned, as mentioned in this reading:
1. Do not overlook the involvement of a 3rd party in short sales homes.

The detailed process of buying short sale homes in Orange County is limited to a buyer and seller. The third party is the lender or the bank, and every stakeholder has to be on the same page during the agreement.
2. Keep in mind the transaction flow.
The money going to the lender is something different in the short sale homes scenario than a typical property deal. The distressed seller will make sure that the loan amount is transferred to the bank due to this agreement.

3. Time consumption of the process
If you expect the real estate short sale in Orange County to get settled within a few weeks or days, that is a wrong assumption. Keep your cool to get this golden deal at a much lower price than the home could have cost you otherwise. Every investor needs to get an assessment from the real estate experts to ensure a contract.

4. Don’t over aim for a lower price.
The price you throw in for the short sale homes must be acceptable for the seller and lender. Some people try to get the most out of a deal and eventually lose the opportunity in the end. Act smartly to get the dream house for your family.
5. Brace yourself for additional expenses
Such sellers aiming for a short sale of the house must have ignored some essential maintenance and other expenses. This may not be much, but the amount of expenditure will come as a negative surprise; it’s still worth the trouble.
While contemplating your choices for buying short sale homes in Orange County, you must think clearly and weigh all dimensions. Usually, buyers interested in this kind of property will have to wait a substantial time to secure a profitable deal. The variety from the ones listed as foreclosures and short sales are available conveniently if you know the right real estate agents.

Hadi Bahadori/ Home Smart Evergreen Realty
27802 Vista Del Lago, Suite E2,
Mission Viejo, CA 92692
(949) 610-5720


How To Choose The Best Property Manager For Your Property

As a property owner, one of the things you need to consider is whether you will hire a property manager to take care of your business or not. While some owners favor running their properties on their own, sealing a deal with a property management firm is still in the best interest of the landlord.
Hiring such a company makes sense for two reasons:

You will be anyway going to consult with a property manager on some occasions or with some issues.

A property management company has the experience and knowledge on how to run this type of business properly, and they have the tools, assets and resources that can empower your own business.

So i explain you how to choose the best property manager for your property. Here are a couple of things to check out.

Office Location

It is important that the office of the company is near your location. Even if they offer 24/7 services through phone or email, some issues cannot be resolved without visiting them in person. They may have a number of offices in different locations, but make sure that the nearest one from your place is just a few miles away.


The contract is the legal agreement you will have with the property manager. Review the contract carefully.The two of you have obligations and responsibilities that are stipulated in the contract.
The contract states the duties that the property manager will be performing and how much earningswill they get in return. Check for stipulations on extra charges. You will also have to check in the contract what part of the total rent they will be receiving from you.
Also check details on the stipulations that cover contract duration, liabilities and termination of services.

Repair Limits

Get an idea of the size and experience of their team, and check out if they are quick in making repairs. Also draw a line between the repairs that you yourself can handle and the repairs that they will handle.
Similar Types of Properties in Their Portfolio
There are many types of properties townhome, mansion, villa, hostel, condominium, chalet, bungalow, apartment, etc. You also need to consider the size of the properties that they can run. Ask them for similar projects that they maybe currently handling and check out how they efficiently run those businesses.

Property Inspections

Finally, ask them how many times they can visit your property per year. It will be risky for your business if they dont conduct routine inspections, because these inspections will keep troubles and additional expense out of your property. Make sure that you are clear with the fees related to routine inspections.