Tuesday, June 26, 2007

Laguna Woods Testimonial Letter from Satisfied Seller

From: Joseph Preti
132 W. bluff dr.
Port Angeles, WA 98362-9544

To: Lisa Scultz
Evergreen Realty
9901 Irvine Center Drive
Irvine, CA 92618

Dear Lisa,
You don’t know me but I have recently worked with Kristin Devlin, one of your agents from Evergreen Realty. As a retired business person, I write a great deal of letters. I write letters when I am disappointed with the service I receive and I also write letters when I received excellent service. This letter falls into the latter category.
Kristin took over the sale of my property at 603 G Avenida Sevilla, Laguna Woods when the agent who was handling the transaction had to leave town and recommended her. I had no prior knowledge of Kristin and could only hope that my former agent had made a good recommendation. I came to find that she had not made a good recommendation but a great one! Kristin’s knowledge of the area combined with her dedicated work ethic were immediately apparent.
She made several excellent recommendations right from the start. These included; staging the unit so it would show in a most favorable way and helping me with the listing price for the unit. I had the unit on the market when the California market went into a terrible slump but through it all Kristin worked very hard showing the unit and always kept me well informed of what was happening.
Once the unit was sold many issues arose that could have prevented the sale. This was further complicated by the fact that I reside in the state of Washington and could not physically handle any of the details that surfaced. Kristin dug in and made trips to the city of Laguna Woods and PCM to keep the sale moving forward. This included getting permits and approvals for work that had to be done. These trips were time consuming and frustrating due to misinformation and contradictory procedures. To expedite matters she even laid out moneys trusting that she would be reimbursed. Much of what she did was above and beyond the call of duty and once again I was always kept informed not only with what was happening but with Kristin’s excellent advice as how to proceed.
Kristin was friendly and professional. Her commitment to selling my unit and her extensive knowledge made the sale of my co-op unit as hassle and stress free as possible.
It is rare today, in least in my opinion, to be able to work with someone who cares about you as a person above and beyond the commission they are going to receive. I have worked with several realtors due to relocation's in my professional life and many of them made pie in the sky promises but delivered far less. Kristin was the opposite of these experiences.
In closing, I would give Kristin my highest recommendation and wanted you to know how grateful I am for the hard work she did on my behalf in selling my property.

Joseph Preti
UPS Pacific Region Training Manager (retired)

Sunday, June 24, 2007

Laguna Woods, Leisure World Information

Hi Everyone,
As I hold open houses, I am asked some questions over and over so I decided to answer some of the more frequently asked questions over the next few days. If you have any you would like to ask, please feel free to email me at kristinsdevlin@aol.com. This information was taken from the Community Information pubished by Laguna Woods Village.

HOW MANY PEOPLE LIVE IN THE COMMUNITY?
- there are over 18,000 people listed as residents in the community

WHAT IS THE MONTHLY ASSOCIATION FEE?
- there are monthly assessments and they vary amoung dwelling units, each depending upon the mutual and the amenities the building has i.e. laundries, elevators etc. Assessments include exterior maintenance, landscape, water, security and recreational activities. The average monthly cost is $400 for these services. For co-ops the assessments includes both property taxes and the FHA-insured loan mortgage payments (many have the FHA loan paid off now), increasing the monthly fees by $200. The monthly fee at the Towers, which provides one dinner meal and housekeeping services, is considerably higher.

WHAT IS MEANT BY COOPERATIVE HOUSING?
- Cooperative housing refers to the cooperative form of ownership of the mutual's property by the housing corporation, which in turn is owned by the shareholders in the corporation. Ownership of the stock may be inherited, transferred or sold, with the approval of the corporation's board of directors. Coops were developed with FHA guaranteed 40-year loans. Repayment of these loans are included in the monthly assessment and automatically assumed by the buyer at the time of sale. The last loan will be paid off in 2009 and a large number are already paid off.

WHAT IS THE MINIMUM AGE TO MOVE INTO THE COMMUNITY?
- In accordance with Section 51.3 of the California Civil Code, effective January 1, 1985, at least one person occupying a unit must be 55 years of age to qualify for occupancy. Co-occupants must be at least 45 years of age. Certain exceptions (like spouses) are permitted under the law.

CAN YOU PURCHASE FOR INVESTMENT PURPOSES OR IF YOU ARE UNDER 55 YEARS OF AGE?
- Yes. There is no age restriction for those wishing to purchase a unit, although United Laguna Hills Mutual does have certain leasing and occupancy restrictions.

Friday, June 22, 2007

Orange County- Economic News

Last Week in the News
Fueled by a surge in gasoline prices,May's Consumer Price Index increased by 0.7%, its fastest pace in 20 months, the Labor Dept reported June 15. However, core consumer prices, which exclude volaitle food and energy costs, rose only 0.1%, slightly lower thatn the 0.2% analysts had predicted.

The Producer Price INdex, which measures inflation at the wholesale level, rose 0.9%, worse than the 0.6% increase econmists had expected. Yet, wholesale core inflation increase a moderate 0.2%, slightly better than the 0.3% hike analysts had anitcipated.

Meanwhile, compared to April, retail sales in May surged 1.4%, the sharpest rise in 16 months and double the increase analysts had expected, the Commerce Dept said June 13. The increase should ease fears that consumer spending, which accounts for 2/3 of the economy, could falter in coming months under the impact of rising gasloine prices, a challenging housing market and recent increases in interest rates.

Rates on 30yr mortgages rose for a fifth straight week, hitting the highest level in 11 months, Freddie MAc said June 14. The rise parallels rising yields on Treasury securities.

Foreclosures for May were up 19% from April and up nearly 90% from May 2006, Realty Tac reported June 14.

Thursday, June 21, 2007

Laguna Woods View View View


REMODELED GORGEOUS 2BR 2BA with Wonderful View!!! Kitchen to die for..open to dining area and view. No steps to one level home. All for $314,000. A must see!

View this listing at 4012 Calle Sonora Oeste, Laguna Woods,CA