1031 Exchange Real Estate

Many investors understand that when they do an exchange, they can't touch the cash and most investors have to recognize what they are going to purchase within 45 days of the closing date of the residential or commercial property that is offered. While both of these may be true, there are some other things to understand ahead of time that will make it much easier to have a smooth and successful 1031 exchange.

The 1031 exchange rules enable you to sell your "relinquished" home to someone and get your "replacement" home on a later date from a various individual. By signing exchange files and following the other rules, you can take what would otherwise be a sale followed by purchase and turn it into an exchange. It's necessary to sign exchange files on or before the date that you close on the sale of your relinquished home. Exchange documents include an exchange arrangement participated in between the real estate investor and the intermediary, a project of your rights under the agreement to offer the relinquished property and a notification to the purchaser of the project. When you are closing the deal on the purchase you will also require to sign a plan of your rights under that contract, and you will expect to give the seller notice of that project.
There are some expenses that can be paid with the exchange continues that will not cause the deal to be partly taxable. For instance, brokerage commissions, escrow fees, exchange charges, and transfer taxes are normally thought about to be this type of expenditure. On the other hand, when you are selling the given up residential or commercial property, if you give the purchaser a credit for the down payment or pre-paid leas, you are using exchange profits for non-exchange costs and it might lead to your exchange being partly taxable. Because of that, it's best to come in with your own funds to pay these if you don't want to pay any tax.
There are, of course, really particular requirements that you should follow so that your sale deal will qualify for 1031 Tax Deferred Exchange treatment under Area 1031 of the tax code. We can assist you to sort through it all!

Hadi Bahadori Best Realtor
601 N El Camino Real
San Clemente, CA 92672

Our Mission Viejo Service Area

Mission Viejo is a city in Orange County, California, United States in the Saddleback Valley. Mission Viejo is considered one of the largest master-planned communities ever built under a single project in the United States and is rivaled only by Highlands Ranch, Colorado, in its size.
If you are thinking of moving to Mission Viejo, I can assist you to find the property that meets your expectation or if you need to sell your home in Mission Viejo, we can show you how we are able to sell it in the shortest amount of time and for the highest price. We have the expertise and transaction knowledge to help you in Mission Viejo, San Clemente, Dana Point, San Juan Capistrano Laguna Niguel, Dana Point, Aliso Viejo, Laguna Beach, Lake Forest, Laguna Hills, Monarch Beach, and Orange County area.
With hundreds of Realtors ® in Mission Viejo and surrounding areas in Orange County, how can you choose the Realtor ® that is right for you? With 19 years of experience, I know just how to navigate any market and help you buy or sell your property.
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Find out about great schools in Mission Viejo

There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of a dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale."
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.
If you are considering buying a <a href=”https://en.wikipedia.org/wiki/Short_sale_(real_estate)”>short sale</a>, there could be drawbacks. For your protection, I suggest that all borrowers:
* Obtain legal advice from a competent real estate lawyer
* Call an accountant to discuss short sale tax ramifications
As a real estate agent, I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the I.R.S. will consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. A lawyer can determine whether your loan qualifies for a deficiency judgment or claim.
Although all lenders have varying requirements and may demand that a borrower submit a wide array of documentation, the following steps will give you a pretty good idea of what to expect.
Call the Lender
You may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a decision.
Submit Letter of Authorization
Lenders typically do not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. The letter should include the following:
* Property Address
* Loan Reference Number
* Your Name
* The Date
* Your Agent's Name & Contact Information
Preliminary Net Sheet
This is an estimated closing statement that shows the sales price you expect to receive and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions if any. Your closing agent or lawyer should be able to prepare this for you if you do not know how to calculate any of these fees. If the bottom line shows cash to the seller, you will probably not need a short sale.
Hardship Letter
The sadder, the better. This statement of facts describes how you got into this financial bind and makes a plea to the lender to accept less than full payment. Lenders are not inhumane and can understand if you lost your job, were hospitalized or a truck ran over your entire family, but lenders are not particularly empathetic to situations involving dishonesty or criminal behavior.
Proof of Income and Assets
It is best to be truthful and honest about your financial situation and disclose assets. Lenders will want to know if you have savings accounts, money market accounts, stocks or bonds, negotiable instruments, cash or other real estate or anything of tangible value. Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving.
Copies of Bank Statements
If your bank statements reflect unaccountable deposits, large cash withdrawals or an unusual number of checks, it's probably a good idea to explain each of those line items to the lender. In addition, the lender might want you to account for each and every deposit so it can determine whether deposits will continue.
Comparative Market Analysis
Sometimes markets decline and property values fall. If this is part of the reason that you cannot sell your home for enough to pay off the lender, this fact should be substantiated for the lender through a comparative market analysis (CMA). Your real estate agent can prepare a CMA for you, which will show prices of similar homes:
*Active on the market
*Pending sales
*Solds from the past six months.
Purchase Agreement & Listing Agreement
When you reach an agreement to sell with a prospective purchaser, the lender will want a copy of the offer, along with a copy of your listing agreement. Be prepared for the lender to renegotiate commissions and to refuse to allow payment of certain items such as home protection plans or termite inspections.

Blog – Page 4 – Local Realtor


Why Would a Lender Do a Short Sale?

2k 0 19 Feb 2019

Mission Viejo Service Area

14k 0 15 Feb 2019

1031 exchange real estate

2k 0 11 Feb 2019

Find the best probate Realtor in Laguna Niguel

2k 0 05 Feb 2019

Probate Realtors In Laguna Niguel

When a person passes away, it's frequently delegated member of the family to manage their last remaining business affairs and also make a decision about their personal belongings. In most states, estates of a specific value that have actually not been put into a living trust have to experience the probate procedure.

Probate is the process of dealing with the estate of individual who has passed away - which normally means clearing their debts and distributing their assets based upon their will.

If the decedent's estate consists of property that you intend to offer during probate, you'll likewise require a real estate agent with probate experience.
Even the easiest probate sale (that continue much like a typical home sale) has subtleties that need to be done according to your state's probate regulations.

You must make use of a property representative for any type of type of realty purchase yet a probate property calls for some extra experience.

As an example, a typical real estate representative might not recognize the correct probate procedure or use probate particular types when completing the sale. If either is inaccurate at your final application hearing, the probate court will not liquidate probate. The demand to make adjustments can result in rescheduling brand-new hearing weeks or months down the line.

If you don't have a probate realtor, you'll need to depend on your lawyer to check over the probate sale documentation to ensure it will undoubtedly be approved by the courts.

Attorney's costs obtain pricey when they're investing hrs doing the work a probate agent would do as a component of their regular payment.
It's never easy to bring up subjects about the death of a loved one in casual conversation, so you're unlikely to find a experienced probate realtor by word of mouth.

Your probate lawyer-- having worked with numerous agents on countless instances-- is an excellent alternative for personal suggestions.

Conversely, you can utilize our services to locate a real estate agent with probate experience.

Hadi Bahadori / Home Smart Evergreen Realty
27802 Vista Del Lago E-2
Mission Viejo CA 92692




Local Realtors Aliso Viejo

2k 0 05 Feb 2019

Local Realtors Aliso Viejo

Whether you're buying or selling a property, a quality real estate agent is vital to make the process run smoothly. Seek out an agent with excellent credentials and references. Meet with a handful of agents to make sure any questions you have are answered. Watch out for potential red flags. Agents who charge very low costs or only work part-time may not be reliable.

Buying or selling a home is an exciting experience for anyone. There is the thrill of the hunt and the excitement of the deal. The whole process is enhanced by a Local realtor who knows the local market. But with so many brokerages and real estate agents out there to choose from, finding a good fit may be more of a challenge than you expected. Working with a top realtor who is experienced and trustworthy can go a long way in ensuring your property sells at top dollar, or that you buy for the best price in the market. Buying a home is the biggest investment most people will ever make, but not all real estate agents are equal. Before putting your home on the market or setting out to buy a new one, you should identify real estate agents in your community who can assist with the sale. More than two million people nationwide have licenses to sell real estate, and it's their job to be an expert on the properties in their community. They track real estate trends and are in the business of helping others buy and sell homes. If you're in the market for a new home, it's wise to know how to find a real estate agent. Whether you're a first-time seller or someone who is looking to buy your first home, there are several ways to find a Local real estate agent
The proliferation of online real estate information makes it easier than ever to be an informed consumer when buying or selling a home. Yet the digital revolution has done little to lessen the importance of choosing the right real estate agent to work with you. A real estate agent can negotiate with potential buyers and their agents instead. ... Your real estate agent will be particularly useful if the potential buyer is extremely demanding. 1. A real estate agent is professionally trained to ensure that the sale of your home goes smoothly. Learn all there is to know about the Real Estate market by a Top Mission Viejo Realtor, Hadi Bahadori of Home Smart Evergreen Realty. If you are a buyer and want to explore Mission Viejo and specifically Mission Viejo Real Estate, please get in touch as I have been selling here since 2000 and I know first hand what a great community Mission Viejo has to offer as I am a long-term resident of Mission Viejo, California. There are very few Mission Viejo Real Estate agents that have the track record and knowledge of the area. If you are considering selling your home in Mission Viejo, I welcome the opportunity to demonstrate to you our marketing plan and how I will obtain top dollar in the shortest time frame. If you are considering to buy or sell your home in the near future, we as Local realtor can help you to make it happen!

Hadi Bahadori Best Realtor
26840 Aliso Viejo Parkway #120
Aliso Viejo, CA 92656

1031 Exchange tax-deferred benefits!

2k 0 04 Feb 2019

As your property assets appreciate in worth, you can upgrade right into larger residential or commercial properties with greater cash flow. Area 1031 likewise provides you the versatility to trade your rental residential or commercial properties that have valued in value in warm markets, and re-invest right into lesser-known areas that are expected to create and become the next warm market in years to find. You can constantly defer these funding gains taxes as you remain to pyramid your property financial investment profile into bigger and bigger residential or commercial properties.

There are a lot of benefits to taking into consideration using a 1031 exchange:

The ability to re-invest your entire property equity without tax erosion can dramatically improve the amount of funding that remains spent and also can make it much easier to upgrade into greater worth homes with better cash flow.

This choice to upgrade right into better buildings with greater cash flow can occur quicker now that tax obligations are a reduced concern purchase choice. In some markets, the realty worths can get ahead of the readily available cash flow readily available from the property. In these scenarios, it may make sense to lock in your gain and also aim to re-invest in one more function where you can achieve greater cash flow returns.

The capability to guess on the next warm market area or region is a much easier decision under a 1031 exchange. Why not lock in your earnings on property that has currently risen drastically in value as well as re-invest it in the following hot market? As long as your capital gains are postponed making these transaction decisions is a lot more comfortable.

If you are tipping up your profile through a collection of exchanges gradually, your full resources gain can be re-invested without tax consequence, leading to increased equity accumulation.

The capacity to change right into "like-kind" homes as specified in the tax obligation code gives you a series of investment alternatives and versatility. If you do not want a great deal of the migraines connected with managing property you can additionally consider Occupant in Common exchanges, which do certify under Section 1031 of the tax code.

1031 tax exchanges offer the investor a great deal a lot more alternatives and versatility to make better financial investment decisions on their realty holdings without the problem of tax obligation over-riding sound judgment. If you own a rental property or are considering it, you owe it to yourself to see if a 1031 exchange is appropriate for your circumstances.

Hadi Bahadori Best Realtor
26840 Aliso Viejo Parkway #120
Aliso Viejo, CA 92656


Best Realtor In Laguna Niguel

998 0 03 Feb 2019
1% commission real estate broker

Best Realtor In Laguna Niguel

Real estate agents promote themselves with yard signs, online ads, direct-mail postcards, and even sponsored public benches. So, cutting through the advertising hype and finding the right agent can be tough. For most people, their home is the biggest investment of their life. Whether you're buying or selling a home, you want to be sure you're maximizing that investment. Choosing the right Realtor can make a big difference in how fast you find or sell a house, the price you pay or receive and the smooth completion of the transaction. Buying a home is likely the most expensive purchase you will ever make in your life. If you plan to spend six figures or more on a single transaction, it is best to go into it with the best knowledge and information to get the best deal possible.

The best real estate agent or broker for you is an experienced professional who listens, conducts herself ethically, and knows your market. That person doesn't necessarily work at the largest brokerage, close the most transactions, or make the most money.

Whether you're buying or selling a home, understanding exactly how to find the best realtor in Laguna Niguel is essential. Your realtor will help you via all steps of the procedure as well as respond to the myriad technological, tactical, and also financial concerns that develop, so you do not have to waste hours Googling right into the abyss.

A good real estate agent will likewise have a clear handle on the ins as well as outs of the real estate market in your area. With so many agents vying for clients, you may feel overwhelmed with offers and opportunities as a buyer or seller. Matching your wants and needs with an agent who can provide you the personality, drive and effort you are looking for can make the difference in whether you have a good experience with your property search or home sale.

The terms agent, broker, and Realtor are often used interchangeably. But not all agents or brokers are Realtors. The term "Realtor" identifies a real estate professional who is a member of the National Association of Realtors and subscribes to its strict code of ethics, which in some cases goes beyond state law.

As a home seller or buyer, it can be stressful dealing with an agent who’s not a great communicator. The real estate market is time sensitive, so you need an agent who will let you know quickly where you stand with your current buying or selling situation so you can move on quickly to another property or potential buyer.

If you have any question about the best realtor in Laguna Niguel, feel free to text me (949)610-5720 for private conditional consultation.

Hadi Bahadori / Home Smart Evergreen Realty
27802 Vista Del Lago E-2
Mission Viejo CA 92692

Best realtor Laguna Niguel

J9M4+33 Mission Viejo, CA, USA

Home Buyers Agent In Mission Viejo

2k 0 01 Feb 2019

Buying a new property and navigating the real estate market is a complex, and often stressful, undertaking for buyers.
It’s no secret that the real estate industry has evolved in numerous ways over the last decade. With the internet and mobile devices taking the market by storm, buyers have unprecedented access to property information at their fingertips, without depending on a real estate agent.

In some instances, property searches have been abandoned altogether by home buyers agent in an attempt to make themselves more efficient with their time. Some realtors assume that since the majority of consumers search for homes online, it has somehow become the consumer’s responsibility rather than their agent. So that begs the question, are buyer’s agents still necessary? In short, yes and here’s why.
A good home buyer’s agent will still carry out many tasks in the buyer’s best interest - tasks that reach far beyond the property search function.
When it comes to buying a home, buyers try to engineer the ultimate balancing act of buying the new one first, THEN putting the current one up on the market before the ink is even dry on the purchase contract. The object-and expectation-is to find that perfect home, then to put the old one on the market in the hope of selling it in the treasured but increasingly mythical simultaneous closing. Just playing it out in your mind is exhausting, but making it actually happen is a truly massive undertaking. What would make anyone think that such an effort is worth trying? Fear! Fear that you might not be able to find the right home after selling your current home. Fear of being homeless. Fear of temporary housing. Fear of the dreaded “double move” (moving from the old home to temporary housing, then again to the new home). Those fears may be legitimate at some level, but there are even greater causes for concern if you plan to buy before selling. Homebuyers typically don't have in-depth knowledge about the real estate markets where they wish to buy homes. They need agents to guide them through neighborhoods and find homes that best suit their needs. Some agents specialize in working with buyers. They help their buyer-clients navigate all aspects of the home buying process, from finding homes to choosing the best mortgage companies. Here's a sampling of the tasks buyer agents undertake on a daily basis.

We also offer the following real estate services:
1.Probate Real Estate
2.Foreclosure Listing
3.First Time Homebuyer Assistance Program

Hadi Bahadori / Home Smart Evergreen Realty
27802 Vista Del Lago E-2
Mission Viejo CA 92692

Buy Your New Home Before You Sell Your Old One!

2k 0 31 Jan 2019

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Buy Before You Sell. Too Risky Right? Wrong!

Common Home Owner Myth: I can’t buy a “new” house without first selling my “old” one.

That is the way it is supposed to work…right? You can’t have a new house without getting rid of the “old” one.

Not so.

Take, for example, the story of one of our clients. They had a house (beautiful house, worth about $600,000) and had no intention of leaving.

However, one day this house in their neighborhood went on the market. You know the house. It is the one where every time you go by, you wish it was yours. Unfortunately, this house would never be for sale.

Out of the blue, the unbelievable happens: the house goes up for sale.

Now, most would call this a stroke of luck, then it would dawn on them…

“We can’t have that house. Obviously, something unforeseen has happened, and they’ll want a quick sale. Waiting for us to sell our house first, won’t be acceptable to them. I guess we are out of luck.”

Luckily, this client called us to structure a safe way for him to get his dream home today, buy some time to get his “old” house sold, make both homes affordable during the marketing period, and leave him the exact same long term financing on the “new” home he otherwise would have had.

Now that’s a tall order! But we did it. And, so can you!

Here are 2 ways to buy a new house without selling your “old” one first.

Pull the equity out of your existing house using a Home Equity Line of Credit or a 2nd mortgage. If you could snap your fingers and sell your home, this would be what you’d use to buy the “new” home anyway. So just get it out now. Now, reserve enough of this money to make your “old” house payment for 6-12 months. Your house will take this long to market and with the money set aside, you won’t be tempted to take a low-ball offer. Use the remainder as down payment and get your new first mortgage to complete the purchase. When the “old” house sells, both mortgages are liquidated and you are left with one house and one mortgage…the exact same situation you’d have had if you sold your “old” home before you bought the “new” one. But you accomplished it without the wait and the missed opportunity!

Another way to achieve the same result minus the “old” house payment reserve is to use an 80% first mortgage and a 20% 2nd mortgage also called 100% financing, to buy the new house. You won’t have to put any money down and when your “old” house sells, you use the proceeds to pay off the 2nd. The only difference is you don’t get any “extra” money to use to offset two house payments during the marketing period. Many of you, have existing lines of credit or other sources, so this may not be necessary.

Both scenarios leave you with great permanent financing on the new house.

The 80/20 or 100% financing scenario costs a little more in discount points than a traditional structure, but it’s only to the costs and not the rate. Refer to our website to learn more about 100% financing in our free report called, “Buy With Zero Down!”.

The biggest hurdles you’ll need to clear are 1) making two housing payments and 2) getting loan approval with two housing payments.

Here’s how you do both:

When you pull the money from your existing house, reserve enough to cover up to 12 months of mortgage payments for the “old” house while it is on the market. That way you don’t have to come out of pocket for the payment. Gee, that was easy! Hurdle 1 cleared!

Since most loans are approved through a computer these days, you’ll need a mortgage broker who knows how to use the automated approval computer systems that FNMA and other agencies and lenders use. These approval systems are a Godsend when it comes to creative financing in today’s modern mortgage arena. It may seem strange to you, but to the computer, your financial picture and your need for financing, are simply numbers. It doesn’t care that some of those numbers include 2 housing payments. The new systems are allowing many of our clients an approval with abnormally high debt ratios, sometimes as high as 60%! This is very prevalent, especially with clients who have strong credit and assets after closing…like a 401K. This is your window for approval. Now, you know you’ll not be spending 60% of your income on debt, because you put the money aside in Step 1 to cover the “old” house payment, but the computer doesn’t know that or care. If done right, you’ll get the approval even with very high debt ratios.

Note: Beware! Don’t let an unscrupulous mortgage broker get you to commit mortgage fraud just so you can buy before you sell. Stick with our plan. If you get approved fine. If you don’t, live with it. One way they’d break the rules to get you approved is to “doctor up” a lease agreement on your “old” home to offset the payment and show the computer a lower debt ratio. Don’t do it…it’s a Federal crime!

How do you start?

1) Get approved through the computer system
2) If you need to pull equity out of the existing house; start it now
3) Write an offer on a new house
4) When an offer is accepted, put the existing house up for sale; not before

Lastly, don’t forget you can get a lot more for your “old” home with our revolutionary way to sell your house without paying a real estate commission, (6% commission on a 600,000 house is $36,000!).

Hadi Bahadori / Home Smart Evergreen Realty
26840 Aliso Viejo Parkway #120
Aliso Viejo, CA 92656
Lic #01236623

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Buying Your First Home in Orange County

2k 0 29 Jan 2019
buy home Orange County

Orange County Home Buying Real Estate Market

Among one of the most important facets of any homes that you relocate right into is, certainly; the location. Houses might look superb online, however, there is constantly the opportunity that the location this fantastic house is it might be less than preferable. Before you buy or move into any city, it’s an excellent idea to do a little research and also find out as much as feasible about the place that you are taking into consideration calling home. The logical location to begin asking questions is to your real estate agent. Whether you are relocating from a far away, out of state and even abroad you may want to look for a local real estate agent that focuses on the location that you want. Realtors are a fantastic resource of details and normally, they know more concerning a given location than nearly anybody.
If you are considering to buy a home in the Orange County area, you should do some research before signing the contract. This is the biggest decision one could ever make, so you have to be careful and alert.

Definitely, each of us want to have their very own home, so if you desire to buy one, you have to consider some factors needed in order to have the best home you want. Buying a home doesn’t mean you simply look for home and viola that’s it. There are certain things that you need to do and settle to make sure you could buy the home you want and need.

First of all, you need to apply for a mortgage in order to have the finances you need to purchase a home. Applying for a mortgage is not that easy, you need to make sure of course that you will be working with the right lender. So you need to make simple research in order to find the right lender. You have to contact few lenders and ask several important questions until you finally found the right lender that can provide you with the best loan.

If you work with a lender, you have to make sure that he/she will provide you with plenty of options and not let you focus on a particular one. You have to weigh the options given to you; understand each until you come up with the right one for your situation.

In applying for a mortgage, you need to sign up an application form, make sure to answer all the questions honestly and correctly.

It is advisable to write legibly as well in order to avoid problem and misunderstanding.

First you will be having pre-qualified for a mortgage, but to not go on to the next step until you won’t be having pre-approved for a mortgage. As soon as you have been pre-approved, that is the time for you to move and start looking for home you want in Sarasota real estate.

Of course, before you actually look for home in the market, you have to decide the features you want and need in a home. Do you need a huge yard or small one will be better, how many rooms do you need and the likes.

If it is your first time in Sarasota real estate, you can work with a real estate agent. But take note, do not just work with a real estate agent, make sure that he/she is the right one for you. Take time in finding the right one, you can do this by asking for recommendation and contact few of the real estate agents and interview them until you will have the right one.

With the help of the real estate agent, you can soon find the home you desire in Sarasota real estate. But of course, you need to conduct home inspection before actually making an offer. If the home is in good condition, you and your agent can make an offer than close the deal.

We also offer following services when buying house in Orange County:
1.Free Home Evaluation
2.Free credit services
3.First time home buyer incentives

Hadi Bahadori / Home Smart Evergreen Realty
27802 Vista Del Lago E-2
Mission Viejo CA