Why a Trust?

Why a Trust?

Hey, everyone! Welcome back to my video blog! Today, I wanted to talk about trusts and why they are preferred over wills.

So, what is a trust? A trust divides ownership of a property into two parts.
1.    Trustee. The trustee holds ownership and control of the property.
2.    Beneficiary. The beneficiary holds the soul right of the enjoyment of the property.

Did you know that often trusts are preferred over wills when ensuring the orderly transfer of property in case of a death? Trusts can be executed immediately and can handle a variety of different circumstances. If you are injured or become incapacitated, a trustee can take over your finances.

Another great thing about trusts is the assets such as personal property are not subject to probate proceedings. This is a HUGE relief in avoiding expensive fees from both attorneys and probate court.

Trusts can also be changed much easier than a will. One simple notarized page from both the trustee and beneficiary is all it takes!

The BEST part about a trust, though, is getting favorable tax treatment! If you have a personal net worth of $100,000 or more, a trust will maximize your estate tax exemptions. It will also ensure at the time of your death, your heirs can inherit the estate and avoid any penalties and fees from our good friends, the IRS.

Take it from me. You don’t want your loved one to lose their home at the time of death to the state due to lack of estate preparation.

As, always if you ever know of a friend, a coworker, relative or even a Facebook friend that is interested in buying or selling a property, connect with us today!

And remember, MONICA MAKES IT HAPPEN!

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Viva Escrow Part 1

Today, we have an absolute treat for you! As you know we’ve been partnering up with many people in this whole real estate process and in doing so we’ve actually chosen an amazing escrow company to work with. We strongly recommend working with Juliana Tu.

She has years of experience. People on her team can speak many languages. Trust me, once you hear her speak, you’ll know why we’ve chosen her. We want only the best for our clients.

Juliana has so much knowledge to share that she actually wrote a book called ‘The Art of Escrow’ We hope you enjoy this informative interview!

Interview with Juliana Tu

So what is the purpose of having an escrow?

The escrow holder is an impartial third party who handles the transfers of the property and funds between a buyer and a seller. The reason for having this is because there’s usually a lack of trust between the buyer and seller. Because of this, there might be a necessity for having a binding contract, especially when there is a For Sale by Owner.

An escrow also handles the payoff; so we are a clearinghouse for all leans and debts against the seller before the property is transferred to the buyer.

What are the basic characteristics of having this third party?

1. Confidentiality: we need to be confidential with personal information from both parties.
2. Impartial: We do not take sides.
3. No legal or financial advice: When there is a question that concerns something that is of legal or financial nature, we ask the parties to contact their legal and financial advisors.
When the purchase contract is accepted by both parties, the contract is given to the escrow holder and that becomes the map for which the escrow holder is going to follow in order to complete the transaction.

There are a few things we look for in the purchase contract:
1. Is there a new loan?
2. Are there certain things that need to be confirmed before closing such as termite inspection or repair work?

One of the other things an escrow holder does is open up a preliminary title search. We need to make sure the seller is that actual owner of the property and we need to find out what kind of leans and debts are against him. All of these things need to be paid off before escrow is closed.

Pricing in the Southern California Real Estate Market

Hello everyone! I’m with my beautiful assistant, Alana! Welcome to our video blog!

Today I wanted to discuss the importance of price in this wonderful Southern California real estate market!

Now, in a previous blog I discussed how being in an equity position is a huge advantage due to the restricted inventory of available homes for sale. But today, I want to emphasize the importance of properly pricing even in a limited supply market.

Did you know that it is still very easy to overprice if you don’t employ the services of a trained expert? I was a certified residential home appraiser for 14 years before I became a licensed real estate professional! My expertise will help ensure that we will price your property properly, ensuring that you will receive the maximum value on that sale!

So far this year every property that I’ve sold has received multiple bids and many have sold above fair market value! I am confident that the Diaz Team will do the same for you!

As always, if you know someone who is interested in buying or selling, connect with me today 626.890.7187 or monica@monicdiaz.net

And remember, Monica Makes it Happen!!

Digital and Social Marketing with the Diaz Team

Hi everyone! Welcome back to my video blog! Today I have with me my business partner and the person who is behind all of the wonderful digital and social marketing tactics! His name is Jay Campbell, also known as the marketing expert.

Jay Campbell

It’s nice to meet all of you! Monica and I have been working together for about 10 months and in the limited time we’ve been partners, I’ve completely redesigned Monica’s brand! I’ve also tried to feature her as prominently as possible on most of the leading real estate websites and various marketing pathways!

We’ve partnered with an in-house lender, a title company and an escrow company. Essentially, what we have done is built an entire business platform where clients are able to have a seamless transaction. We’ve eliminated the frustrations that often come along with the business of real estate.

So, now is an exciting time to work with the Diaz Team and we look forward to the opportunity of working with you!

So if you or if you know of anyone who is looking to buy or sell give us a call now at 626.890.7187 or send me a quick email monica@monicadiaz.net!

Thanks for watching!

 

Beverly Hill Testimonial

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Today, I have one of our wonderful sellers with us, Beverly Hill. She wanted to share her experience with the Monica Diaz team with you!

Beverly Hill (Summary)

I knew I wanted to sell my home, but I had no idea where to begin or how to find a realtor. I called a friend of mine whom I greatly trusted and asked if he knew of anyone. He recommended Monica.

I knew from the first appointment she would get things done. She was so helpful in explaining the process to me. I had so many questions and felt so overwhelmed. I had been living in my home since 1978, selling it was like saying goodbye to a friend; it is an emotional situation.

I had a family contact me offering to pay $850,000 cash. I was so relieved to hand all the communication over to Monica.

Not only was Monica able to get $400,000 over the asking price, she did it in just two weeks. When Monica says she can get it done, she is telling the truth!

Check out this AMAZING INVESTOR OPPORTUNITY in PASADENA!

Watch on your mobile device >>

A 26,400 Foot Lot with a 2Bdrm-1Bath turn of the Century Craftsman Home located in the prestigious Michilinda Park Area.

You will not find an opportunity like this anywhere. There are multiple 3 Million Dollar Homes on smaller lots in this neighborhood. Think 300%+ ROI with a tear down and rebuild. All of this can happen in less than 8 months in this market!

The Bidding starts at a super low price of $948k!!! Contact Team Diaz ASAP.

It’s a Seller’s Market in Southern California and That Means You Get TOP Dollar!

Watch on your mobile device >> 

Have you been sitting around waiting patiently to sell your home? For years now, we’ve been waiting for a better time in the market, a time when sellers can expect to get top dollar for their home. Well folks – the time is NOW! The SoCal real estate market is brimming with buyer activity and that can mean only one thing for sellers that are eager to cash in on the opportunity. That’s right! The market is rife with opportunity for sellers to get the most for their home and with the market as it is right now, they are getting it done in an easy, hassle-free way.

Ninety Percent of Homes Sold Are Getting Multiple Offers
Believe it or not, nine out of ten homes sold in the month of March drew multiple bids. In some cases, especially for homes that are priced right, in good shape and in a great location – as many as 5, 10 or more buyers were vying for the same property. As a seller, the advantage of this kind of housing shortage is that YOU get to pocket a LOT more money than otherwise. Seems like yesterday when we had an overabundance of homes and not enough buyers out there looking.

Many Sellers These Days End Up Over Asking Price
Another benefit of a seller’s market that we’re seeing a lot of our clients enjoy is MORE MONEY! When you have multiple people interested in your home, of course you can expect them to drive the price up as they compete against each other. This is great for our clients because you can expect to yield a LOT more than you had expected in the first place!

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If you are in an equity position on a home in Southern California and selling may be something you are considering – it’s critical to align yourself with a top-notch, experienced, go-getter team to get the job done and get you the most money! Team Diaz is THE professional team to get it done. If you or anyone you know, whether a friend, family member, neighbor, or someone in your social community, is looking to sell or buy a home – let us know today.

Remember, Monica makes it happen!

626-890-7187
monica@monicadiaz.net