Land Special of the Week

This week’s gem is Stagecoach Trails Parcel 3529 located on Arroyo Rd. not too far off Alamo via Calamity Jane.

Another luscious beauty at Stagecoach Trails. A lovely parcel with stunning views of the Hualapai mountains and up close Flattop too.

Starry nights, and beautiful vistas Great private location, yet not too far off County maintained Alamo Rd.

Loaded with Joshua trees, Ocotillo, Red Barrel cactus, & a wide variety of desert flora including amazing Spring displays of wildflowers. Really nice!

Continue reading Land Special of the Week

$125M Oceanfront Compound in Malibu Reportedly Finds a Buyer

Summer is ending with a bang for Malibu real estate. The oceanfront estate reportedly owned by NBCUniversal executive Ronald Meyer has found a buyer, Variety reports.

The listing price was a gasp-inducing $125 million, but the final sale price has yet to be disclosed.

Source: $125M Oceanfront Compound in Malibu Reportedly Finds a Buyer | realtor.com®

(All photos: Realtor.com)

Mortgage Market Reopens to Risky Borrowers

Whenever the lenders get easier, and especially when they start loaning on vacant land, you know we’re in “bubble time.”

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The risky mortgage is making a comeback.

More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode. Home buyers with low credit scores or high debt levels as well as those lacking traditional employment are finding it easier to get credit.

The loans have been rebranded. Largely gone are the monikers subprime and Alt-A, a type of mortgage that earned the nickname “liar loan” because so many borrowers faked their income and assets. Now they are called non-qualified, or non-QM, because they don’t comply with postcrisis standards set by the Consumer Financial Protection Bureau for preventing borrowers from getting loans they can’t afford.

Borrowers took out $45 billion of these unconventional loans in 2018, the most in a decade, and origination is on track to rise again in 2019, according to Inside Mortgage Finance, an industry research group. Such mortgages aren’t guaranteed by government agencies and typically charge higher interest rates than conventional loans.

Source: Mortgage Market Reopens to Risky Borrowers | realtor.com®

Colorado River water: Arizona, Nevada and Mexico face first-ever cuts

Arizona, Nevada and Mexico will be required to take less water from the Colorado River for the first time next year under a set of agreements that aim to keep enough water in Lake Mead to reduce the risk of a crash.

The federal Bureau of Reclamation activated the mandatory reductions in water deliveries on Thursday when it released projections showing that as of Jan. 1, the level of Lake Mead will sit just below a threshold that triggers the cuts.

Arizona and Nevada agreed to leave a portion of their water allotments in the reservoir under a landmark deal with California called the Lower Basin Drought Contingency Plan, which the states’ representatives signed at Hoover Dam in May.

Source: Colorado River water: Arizona, Nevada and Mexico face first-ever cuts

Be Safe with DIY Home Security Systems and Sensors

Good article on the many security systems today that can be customized for every security need.

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With today’s wireless connections, homeowners can build their own network of cameras, sensors, and interconnected hubs without being tied to a single vendor or ongoing contracts.

Owners can even monitor the home themselves or set up a month-to-month contract with a monitoring company. Today’s systems give your clients peace of mind. They’re even great for vacation properties and rentals.

“DIY systems give customers the flexibility to build the system they want and the freedom to include the devices and sensors that fit their specific needs. This is important because no two households are the same,” says Chris Carney, CEO of Abode.

SimpliSafe, for example, was one of the first self-install home security companies that came on the market 10 years ago. Now, new technology is helping the market grow and making advancements in the products available, according to SimpliSafe CEO Chad Laurans. “With our app, for example, you can stream video from your doorbell or cameras on your phone, or you can see alerts and let people in and out of your house,” he says.

These affordable DIY security solutions also provide real estate professionals and home sellers a competitive edge when listing a home for sale. “This can increase the marketability of the home and potentially increase the value of the listing,” says Carney. “An agent can easily deploy a whole-environment solution built around an Abode system including a smart lock, thermostat, and connected lights, all for under $1,000 and all easily controlled by one app.”

A system can also be given as closing gift to protect the new home and “help establish the real estate agent as someone that buyer will call on again or recommend to a friend,” he adds.

Via Realtor.com