Archives for September 2009

Why Use Costa Mesa REALTORR Kurt Galitski When Selling a Home?

Why Use Costa Mesa REALTOR® Kurt Galitski When Selling a Home?

Kurt Galitski can help you understand everything you need to know about the home selling process.

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) are properly called REALTORS®. They proudly display the REALTOR “®” trademark on their business cards and other marketing and sales literature.

REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR® again.

Real estate transactions are one of the biggest financial dealings of most people’s lifetime. Transactions today usually exceed $350,000. If you had a $350,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $350,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be wise to work with a professional REALTOR® like Kurt Galitski when you are selling a home.

If you’re still not convinced of the value of a REALTOR® like Kurt Galitski, here are more reasons to use him:

1.     Kurt Galitski can give you up-to-date information on what is happening in the marketplace as well as the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle. When selling your home, your REALTOR

2.   Kurt Galitski can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Often, your REALTOR

3.     Kurt Galitski markets your property to other real estate agents and the public. In many markets across the country, over half of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer.
Your REALTOR® acts as the marketing coordinator, distributing information about your property to other real estate agents through a Multiple Listing Service (MLS) or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients.
Your REALTOR

4.     Kurt Galitski will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. NAR studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of Kurt, you do not have to allow strangers into your home. Kurt will generally prescreen and accompany qualified prospects through your property. Your REALTOR

5.     Kurt Galitski can help you objectively evaluate every buyer’s proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing – and a lot of possible pitfalls. Kurt can help you write a legally binding, win-win agreement that will be more likely to make it through the process. Your REALTOR

6.     Kurt Galitski can help close the sale of your home. Issues may arise between the initial sales agreement and closing (also called settlement or escrow), for example, unexpected repairs might be required to obtain financing or a title problem is discovered. The required paperwork alone is overwhelming for most sellers. Kurt is the best person to objectively help you resolve these issues and move the transaction to closing.   Your REALTOR

Why not call Kurt Galitski today! There is never a silly question and he is here to help. You can reach him toll free at- 877-957-6677

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Costa Mesa United’s Fourth Annual Mesa Verde Classic Golf Tournament

September 28,2009

 

We invite you to participate in a multitude of ways in the Mesa Verde Golf Classic on January 18, 2010. The tournament has one purpose, to benefit youth sports in Costa Mesa, as part of Costa Mesa United. The event in the past few years has raised hundreds of thousands of dollars for the local community. We have been influential in bringing a vast number of upgrades to youth sports throughout Costa Mesa.

In order to make this year’s event even more successful, we’re attempting to put together a strong voice and silent auction with fabulous offerings. We’re looking for tickets, golf, golf merchandise, appliances. art, trips, cabins, etc. You know the deal. Any great things people would pay good money for.

If you don’t have something to donate and want to give us a check, we will in turn buy items at a strong discount that will, in turn, bring in even more money.

Obviously, there is a tremendous need in the community to support youth sports.

We sincerely appreciate your consideration and would be happy to pick up any item you’d wish to donate. Additionally, anyone who donates will also receive recognition at the event.

Thanks for being a part of the Mesa Verde Classic. And please feel free to forward this request to friends and family who may be able to make a difference.

CMCAF is a 501(c)3 not-for-profit organization (#33-0861058).

 

 

Best Regards,

 

Kurt Galitski

The Kurt Real Estate Group

Weichman Realtors

714-957-6677

Posted via email from The Kurt Real Estate Group

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Costa Mesa Real Estate News- Kurt Galitski


Buyers who are under contract and hoping to close before Nov. 30 when the first-time home buyer credit expires should refrain from buying furniture and other things on credit. Lenders are running credit checks prior to closing day and any increase in credit card or other debt can jeopardize the loan, says Lew Reich, an associate with Keller Williams Realty in Plano, Texas. Reich warns buyers to even refrain from checking out a new large purchase because even an inquiry on a credit report could scare a lender. Reich tells borrowers: “If someone’s squeaking by and, all of a sudden, they may be looking at increasing debt, the lenders will have a keener eye in looking at your loan,” he says. “Don’t look until you’ve closed is basically what it comes down to. That’s the safest way. Stay out of the stores,” he adds. Source: The Associated Press

More than 1.4 million Americans have already claimed the new tax credit for first-time home buyers, according to a report from the Internal Revenue Service. The credit, which applies to sales as of January 2009, is good for 10% of the price of a home, up to $8,000, and supporters assert it has helped stabilize the housing market. It’s available to anyone who has not owned a home for three consecutive years prior to purchase, and to qualify for the full credit buyers must be purchasing a primary residence, and couples can earn no more than $150,000, while individuals must make less than $75,000. The credit has been an important stimulus tool for two reasons. It’s fully refundable, meaning that even if buyers owe no taxes whatsoever, they’ll get an $8,000 check from the IRS. And this refund will put money in consumers’ pockets for good, as opposed to the $7,500 first-time homebuyer tax credit that could be applied to sales made between April 2008 and July 1 2009. Buyers must close on their homes before Dec.1. Source: CNN/Money

Prices for solar panels are falling fast. Compared to a year ago, prices for panels and installed systems are about 25 percent less, retailers and installers say. Combined with a 30 percent rebate offered by the U.S. government, plus rebates offered by many states, some buyers are paying a little less than $16,000 for systems that would have cost twice that a year ago. "Solar is now affordable for people for whom it wasn’t before," says Jeff Wolfe, CEO of groSolar, a Vermont solar-panel system installer and distributor. California entrepreneurs, who call themselves One Block Off the Grid, are getting even better prices by organizing home owners into buying groups. Source: The Wall Street Journal

Best Regards,

 

Kurt Galitski

The Kurt Real Estate Group

Weichman Realtors

714-957-6677

Posted via email from The Kurt Real Estate Group

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Costa Mesa Mortgage News


The Markets. Rates held to low levels in the past week. Freddie Mac announced that for the week ending September 24, 30-year fixed rates averaged 5.04%, the same as the week before. The average for 15-year fixed fell slightly to 4.46%. Adjustables were mixed with the average for one-year adjustables falling to 4.52% and five-year adjustables remaining at 4.51%. A year ago 30-year fixed rates were at 6.09%. "Rates held relatively steady at three-month lows this week,” said Frank Nothaft, Freddie Mac vice president and chief economist. "In its September 23rd policy statement, the Federal Reserve (Fed) indicated that it plans to keep its benchmark rate exceptionally low for an extended period. This will likely benefit consumers who opt for ARMs, because they are typically tied to shorter-term rates. The Fed also noted that activity in the economy and housing market has picked up and financial markets have improved.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices For Adjustable Rate Mortgages
Updated September 25, 2009

 

Daily Value

Monthly Value

 

Sept. 24

August

6-month Treasury Security

0.19%

0.27%

1-year Treasury Security

0.39%

0.46%

3-year Treasury Security

1.45%

1.65%

5-year Treasury Security

2.37%

2.57%

10-year Treasury Security

3.40%

3.59%

12-month LIBOR

 

1.427% (Aug)

12-month MTA

 

0.758% (Aug)

11th District Cost of Funds

 

1.473% (July)

Prime Rate

 

3.25% (Dec)

Best Regards,

 

Kurt Galitski

The Kurt Real Estate Group

Weichman Realtors

714-957-6677

Posted via email from The Kurt Real Estate Group

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Costa Mesa Homes- The Fed Has Spoken!


The Fed Has Spoken

The Federal Reserve Board has spoken by issuing a statement after their most recent meeting. But what did they say? From a market perspective, they said nothing. Rates will stay the same. The economy is improving from the severe downturn, but consumer consumption is restrained. This will make the recovery weak. We knew all of this going into the meeting. So, the question is, what does this mean to the markets? In reality, the markets hate surprises, so when the Fed does not give us any surprises, this is a good thing. This is true even when the news is bad. In this case the news was neutral.

If we look a bit deeper, we see that the Fed is moving into a balancing act stage. They must start to remove the stimulus from the equation before things get out of hand. But the economy and psyche of the markets is not strong enough to withstand even the news of such. Therefore, the Fed announced that they will continue purchases of mortgage-backed securities and Treasuries into the first quarter even though they were scheduled to end by the end of the year. This gives the Fed the flexibility to wind down purchases without making an announcement that the program is over. Recoveries are more about psychology than economics. If the markets feel good and the consumer feels good, recoveries become stronger. The markets have felt good for several months now as we have witnessed a strong stock rally without upsetting the bond markets. But we still have not succeeded in making the consumer feel good and the Fed recognizes that. Expect the tightrope to continue and any tightening language by the Fed to be introduced very slowly.

Best Regards,

 

Kurt Galitski

The Kurt Real Estate Group

Weichman Realtors

714-957-6677

Posted via email from The Kurt Real Estate Group

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