When Other Banks Say No – We Say Yes!

When Other Banks Say No – We Say Yes!

You have all the requirements for the makings of a great loan and you went to your bank but they turned you down because your income didn’t qualify.

We are very exciting to announce the roll out of our new MAKE-SENSE home loan program!

Because tax returns are not required, our program works great for self employed borrowers who write off considerable business expenses and don’t fit into traditional lending guidelines.

And for the best part, this is NOT a hard money loan, Its our way of providing well deserved borrowers the financing that ordinary banks will not fund.

We’re a local bank with twenty years’ experience, And just like you, we go the extra mile for our clients so their loans fund quickly and at the lowest possible rates.


So now what do you do?

First we make it very easy by skipping those intrusive and cumbersome internet forms!

For more information regarding these exciting new loan programs, give us a call at 858-400-7444 or email us at info@oulluo.com

Just Listed – View Lot Near Rancho Santa Fe and Fairbanks Ranch

Artesian trail land for sale


This is a wonderful opportunity to build the Estate of your dreams near Rancho Santa Fe and Fairbanks Ranch. This incredible West facing parcel offers amazing panoramic views of the surrounding mountains, dazzling city lights and views out to the ocean. This is one of the few remaining parcels in this exclusive area! Take advantage of this 10 acre parcel with no HOA, CC&R’s or MELLO ROOS! Developers and Builders – This is a great development opportunity!

Priced to sell!  just east of Fairbanks Ranch~ North of San Diegito Road.

For more information, please call or text Kevin at 858-692-9800 or Click here for property details


3 Consejos para hacer que su sueño de comprar una casa se haga realidad [infografía]

Configurar un plan de ahorro automático que ahorre una cantidad pequeña de cada cheque de pago es una de las mejores maneras de ahorrar sin pensarlo demasiado.Vivir con un presupuesto ahora le ayudara a ahorrar para su pago inicial y pagar otras deudas que tal vez lo están reteniendo

Algunos aspectos destacados:

Realtor.com Realtor.com recientemente compartió ‘5 hábitos para empezar ahora si quiere comprar una casa en 2017’
Configurar un plan de ahorro automático que ahorre una cantidad pequeña de cada cheque de pago es una de las mejores maneras de ahorrar sin pensarlo demasiado.
Vivir con un presupuesto ahora le ayudara a ahorrar para su pago inicial y pagar otras deudas que tal vez lo están reteniendo.

The Home Buying Decision

How do people choose careers, colleges, spouses and towns. Of those decisions, buying a home ranks with the most difficult.

It is difficult emotionally. Like a lot of the biggest decisions, it is more emotional than coldly rational. People generally don’t select a house; they fall in love with it.

Part of that falling-in-love process is aesthetic: the sense you get within 10 seconds of walking into a place that it just feels happy and right. Part is aspirational: When people fall in love with a house, they aren’t really falling in love with the walls and the roof; they are falling in love with a beautiful vision of their future lives.

That process of falling in love is confusing and mysterious. When you’re buying a house, you’re making a stressful major financial decision based on a set of emotions you can’t control, don’t fully understand and can’t pin down in any concrete way.

Cupid’s housing arrow has a tendency to strike you unawares. You walk into a place and just start behaving differently. You find yourself talking about where you’re going to put your furniture; you feel defensive when the Realtor mentions some of the place’s flaws; you feel the urge to brag about the house to your friends; you feel comfortable walking into the bedrooms and bathrooms, even on the first tour; you feel bereft at the thought of not having it. You’re just buying an object, but your heart is suddenly on the line.

Choosing a house is also difficult psychologically. The whole process forces you to separate what you think you want from what you really want. Realtors have a phrase, “Buyers lie,” because at the start of the process so many people don’t know what they desire.

You may have dreams of being the sort of person who has a fantastically eclectic house, filled with beautiful and exotic objects and where you can host squads of people for big dinners and parties; and that you can have a house that is a crossroads for diverse populations.

But when you actually survey the homes you are drawn to, you realize that you in fact love your privacy; that you don’t care enough about interior design to spend years searching for the fascinating objets; that in real life the thought of neighbors constantly coming over fills you with exhaustion; that a sense of quiet, tranquillity and privacy is more important to you than the frenetic chaos that comes with running Grand Central Station.

House hunting is cognitively challenging. At some point the inspections, the appraisal and the price negotiation impose cold rigor on this hot process. You don’t know what the seller (that jerk!) is thinking, or how exactly you are getting shafted in the process (though you are!). At some point the head has to check and set boundaries on the heart, employing certain mental tricks to self-distance. For example:

How do you make the major decisions about offers and conditions? Pretend you are advising a friend, not yourself.

How do you know you’ve fairly sampled the market and haven’t missed a better house somewhere out there? At the start, tell yourself you’re going to see 50 homes total. Visit 18 without making an offer on any of them. Then make an offer on the next house that’s better than the first 18.

How do you force yourself to remember in the middle of a negotiation that you’ve got to be willing to walk away? Remind yourself that this is not a narrow-framed binary buy-or-not-buy choice. There are many other housing options out there on the market.

Finally, house hunting is morally difficult. This is where Donald Trump comes in. We’ve become a ferociously fragmented country. People move close to people just like themselves. Every town becomes a cultural ghetto while Americans become strangers to one another and the civic fabric lies in ruins. People feel more comfortable in their insular neighborhoods, but self-segregation is damaging to one’s own open-mindedness and to the country at large. In 2017 it’s probably necessary to put a moral onus on realty decisions, to be seriously bothered by the temptation to talk about diversity but move to homogeneity.

The process of house hunting focuses your attention on the wrong things. It focuses your mind on the features of the house rather than on the features of your life. Think of all the people who fall for some expansive far-off home, without counting the cost of a long commute. They’ve got a happy home but a miserable existence.

It focuses on the features of the house, not on the social relationships that will happen in them, which is all you’ll remember decades hence. Choosing this or that house has only a moderate effect on joyfulness. The neighborhood you choose, and the social fabric you enter, is more important than the structure you adore.


Full credit is given to the NY Times – Staff writer David Brooks for an outstanding article.

Considering a FSBO Property

Considering a FSBO Property?

Interested in buying a home for sale by the owner? The only thing to remember is that the people selling them are just like any other seller — only more so!

What sellers want: To make the most money they can.

For sale by owner (FSBO) sellers figure they can save money by not paying a commission to an agent. Contrary to what many buyers believe, however, this doesn’t mean the FSBO seller wants to pass any of those savings on to you.

This is certainly the case with a seller who, for whatever reason, doesn’t have much equity in the home; he doesn’t feel he can afford to pay the agent’s commission, much less give you a break on the sale price.

In a hot “seller’s market,” when homes are selling at or above the listing price, the FSBO seller has even more incentive to pocket as much of the sale price as possible.

All sellers want every penny of the asking price.

FSBO sellers often set that price by looking at listing prices in the area, not at comparable actual sales prices. As a first-time buyer, you should be armed with good comps when you enter negotiations.

If the housing market is slow in your area, even a FSBO seller should be willing to negotiate. With a set of comps in hand, you should feel comfortable making an offer that might be well below the asking price. Make your case using sold properties – not homes currently listed for sale.

Perform your due diligence.

As a buyer you need to do all the same things you would if the house were being sold through a real estate agent:

  • You still need to know if the asking price is fair (get comps!).
  • You still want to inspect the property yourself and have a professional inspection done.
  • You still need to make an offer and negotiate a contract.

Potential anomalies to keep in mind.

Sellers who are not using a real estate agent may be doing so for reasons that can make for truly difficult dealings. Some sellers are so stubborn and unrealistic about pricing their property that they have passed from one agent to another until no agents will take the listing.

Or the seller may have been told that he needed to bring the home up to code, or to make sufficient repairs to bring it up to an acceptable standard to put on the market. Rather than go to this trouble and expense, the seller may have decided to sell the home himself.

With a FSBO you need to get answers to some additional questions:

  • How long has the home been for sale?
  • Was it listed with an agent or agents before the seller took over and, if so, for how long?
  • Why does the seller believe the house has not sold (especially if he’s been trying to sell the home for a year or longer)? If he’s blaming lazy real estate agents, you may want to look at the house with an eagle eye before making an offer.

FSBO and your agent.

Say you’ve been surfing the FSBO sites online and have found one or two homes that look interesting, or you’ve seen some while driving around your desired neighborhood. Let your agent initiate contact with the seller and get all the usual information about the home. (If not, you can approach the seller yourself, of course.)

A qualified buyer is nothing to sneeze at, so in many cases, the FSBO seller will be willing to work through your agent. The agent would handle all the paperwork and ensure that the closing process moves along smoothly.

This arrangement — a “one person listing” — means the agent will be paid a small commission, or a flat fee (ranging from $500 to $1,500), if the sale goes through to the specific buyer (you) named by the agent. (Check with your agent to be sure this type of listing is allowed in your state.) Flat fees are not unusual in situations where the buyer and seller have found each other independently of an agent, but where one or both parties want a real estate professional to handle some or most of the rest of the transaction.

Usually the agent will negotiate his or her fee with the seller. If the seller refuses to compensate your agent, however, and if you think this is the house for you, you can work out an agreement to pay the agent yourself. As a buyer’s agent, working for you and not the seller, the agent is obliged to do his or her best to get you a good price.

If you find that you would like to explore this option for buying or selling a home and need additional information, please email Kevin or call him at 858-400-7444.


Six housing market predictions for 2017

If economic indicators are any guide, Orange County’s housing market is heading for a fifth straight year of rising home prices, increased sales, more rent hikes and booming home construction.

But this year’s housing indicators don’t take one major wild card into account: President-elect Donald Trump.

“The issue here isn’t the trends. The trends are positive,” said Christopher Thornberg, a former UCLA professor and founding partner of Beacon Economics. “On the other hand, you’ve got this new administration coming in, and we’re not sure (what policies) they’re going to pursue.”

Tax cuts and increased infrastructure spending would stimulate economic growth, Thornberg said. That’s good for housing.

But a trade war with China and an ideological confrontation with California “could really hurt our economy, and all bets are off,” he said.

“The fundamentals are there for another year of rising prices, another year of rising rents. But that could be tipped over by Trump and company.”

Forecasting long has been characterized as risky, as being either lucky or wrong, as akin to searching for a black cat in a dark room. Still, when it comes to housing, there are plenty of forecasts to choose from.

With that in mind, here are six predictions for 2017.

1. Home prices rising

Highlight: Orange County home prices are projected to rise 2 percent to 6 percent this year.

Home prices in the county have been rising steadily since the housing market turned around in the spring of 2012. According to CoreLogic, prices have been up year over year for 54 straight months, rising $216,000, or 50 percent, from May 2012 to this past May.

The median price for all homes combined – or the price at the midpoint of all sales – shattered the all-time high in May and June this year, driven mainly by record prices for new homes. If the forecasts are accurate, the median for existing homes – still lagging prerecession highs – also will set new records this year.

Details: Chapman University forecasts a 5.7 percent increase; Cal State Fullerton, up 6 percent; the California Association of Realtors, up 3.2 percent for all Southern California. Steve Thomas of ReportsOnHousing.com expects a smaller gain – around 2 percent – because of rising mortgage rates.

The reason: Continued improvement in the employment market, solid income gains and more people moving into homes of their own, said Anil Puri, director of CSUF’s Woods Center for Economic Analysis and Forecasting. Competition for a limited number of homes also is pushing prices higher. “Those are big drivers in the housing market,” Puri said.

2. More home sales

Highlight: Southern California home sales will increase slightly from last year.

Details: Chapman and CSUF didn’t issue specific numbers, but the state Realtor association predicts sales across Southern California will increase 0.7 percent. Thomas predicts a slight sales decrease from 2015-16 levels.

A total of 31,641 Orange County homes changed hands through October, CoreLogic figures show. That’s up 2.3 percent from 2015 to the highest level since the recession but still is 10 percent below the average for the past 29 years.

The reason: Again, more jobs, higher incomes and more people looking for housing.

“Sales are going to start showing a greater rate of increase (in 2017),” said Raymond Sfeir, director of Chapman’s Anderson Center for Economic Research.

3. Builders busier

Highlight: Construction will increase in Orange County for a seventh straight year, increasing by 3 percent to 13 percent.

Details: Chapman predicts builders will pull permits for 11,602 new housing units this year, up from an estimated 11,262 last year. CSUF predicts developers will build 14,000 units. The California Homebuilding Foundation’s CIRB report, however, predicts permits will drop to 11,000 units this year.

Chapman and CSUF also predict that construction jobs will increase 3.5 percent to 6 percent, rising to at least 106,000 workers.

“Things are looking positive for the construction market,” Puri said.

4. Mortgage rates up

Highlight: Interest rates for a fixed, 30-year mortgage will be 1 percentage point or more above the 2016 average of 3.6 percent.

Details: California Realtors forecast in October that mortgage rates would be around 4 percent throughout 2017 but now are revising that estimate, said Jordan Levine, a Realtor economist. He predicts rates could be in the 4.5 percent range this year and possibly as high as 5 percent. Other forecasters had the same prediction.

Higher rates translate into higher homebuying costs.

For example, if rates hit 4.5 percent, monthly mortgage payments for a median-price home will go up about $300 – an increase of nearly $4,000 annually, Thomas calculated.

If rates hit 5 percent, monthly mortgage payments will rise almost $500, or nearly $6,000 annually.

Most economists said higher rates will dampen but not halt this year’s expected increase in home prices and sales.

“There’s a lot of pent-up demand,” Sfeir said.

5. Affordability down

Highlight: By year end, Orange County’s median family income will pay only 60 percent of the amount needed to buy a median-priced home, Chapman reported.

Chapman also predicts that median home prices this year will be 8.6 times the median income, compared with 6.1 times the median price statewide.

“Housing affordability in the county hasn’t been that low since the beginning of the Great Recession,” the Chapman forecast said. “The only affordable way for many lower-income families to find housing in the county is through rental housing.”

6. Smaller rent hikes

Highlight: Asking rents for an Orange County apartment will increase 2.7 percent to 4 percent this year.

Details: Axiometrics forecast a 2.7 percent rise; CoStar forecast a 3 percent increase; and MPF Research expects local rents to go up 4 percent.

Apartment trackers reported that 2016 rent hikes ranged from 3 percent to 5 percent.

Rents here have been rising steadily for 6½ years, up 20 percent since 2010, according to Reis Inc.

Orange County had the eighth-highest apartment rent among 79 large U.S. metro areas in the third quarter of 2016.

If the forecasts are accurate, the county’s average asking rent will range from $1,826 to $1,849 a month.

Orange County has almost 10,000 units under construction, but that’s too few to meet demand, said Joshua Ohl, a CoStar senior market analyst.

“Even with all that supply coming online, we still have 34,000 to 35,000 units of undersupply,” Ohl said.

The question is how long can landlords continue to push up rents.

“I guess as long as tenants keep paying,” he said.


What the Future Holds for Smart Homes in 2017

Hubs, smart-home security and 4K TV could all be fixtures in luxury residences in the new year BY JOHN ELLIOT.

Smart technology has long been a staple of of high-end houses.

Affluent individuals, by virtue of luxury home amenities, have always been early adopters of the latest domestic devices and services, creating an “Internet of Things” long before we had a name for it.

MORE: Luxury Real Estate & Technology: Where Added Value Becomes Expected Feature

But as the Internet of Things has become more egalitarian, and the market more viable, the development of connected technology has reached a torrid pace. New intelligent in-home products, from the invaluable to the outlandish, are reaching consumers on a near daily basis.

Amid all the noise, we have identified the trends which will define the smart home space for luxury buyers over the coming year.

Here Come the Hub Wars

Expect 2017 to continue the trend that closed 2016: Everyone wants to be your smart home hub solution.

The heavy hitters—Amazon, Google and Apple, are already in this space, but they are getting lots of company.
Here are your smart home hub heavy hitters: Amazon Echo, Google Home, Apple’s Home app
Amazon offers the Echo and Echo Dot, voice-activated speakers of varying size that employ the company’s Alexa technology to answer your questions, engage your digital media libraries and control your smart home products.

MORE: Keep in the Know With Variety of Informative Smart Home Products

Google’s recently released Home is a similarly capable speaker solution, but the brand’s rich history in search may serve to separate the device, which is linked to Google’s expansive information database, in an increasingly crowded hub space. Or that’s Google’s hope, at least.

Apple, as is their wont, is taking a different tack, albeit not in terms of naming conventions. The release of iOS 10 saw the introduction of the Home app, a program to manage the many smart home accessories in your house. No physical hub necessary. It was in your pocket all along.

Among the big three, Amazon’s Echo has been the best reviewed, but in fairness to Apple and Google, their respective Homes are much newer to the market.

There are several lesser-known contenders, like Wink and SmartThings, that hope their wide range of product compatibility—the smart home devices which they can communicate with and control—will win them converts.

Alternatively, users could buy out-of-the-box all-in-one solutions like Vivint or build their own network of Nest products, but that track would require an almost certainly unattainable level of brand loyalty.

The proliferation of connected devices means the hubbub over hubs will likely be front-and-center for the extended future.

Who ends up on top? A lot will have to do with product compatibility and user experience.

But the more intriguing development to track will be whether users prefer a physical in-home device like Echo or a phone-based app for managing their smart home. And here, Apple may have the edge.

MORE: Is Apple’s iOS 10 a Smart Home Game Changer?

Time and again, users have shown that they prefer what’s in their pocket. Think of all the products you used to carry that are now housed in your phone—camera, calendar, CD player.

Instead of sprinkling technological totems throughout their home, it seems much more likely that users would prefer to talk to the device that is always within arms reach, when lowering lights or locking doors.

Of course, that does mean the next time you leave your phone in a cab you may not be able to get in your home.

Keep Hackers Out Your House

As the explosion of interconnected devices continues unabated, smart home security, a.k.a. protecting your personal Internet of Things, will become of greater importance.

Wherever there is opportunity, you can expect to find some unsavory actors, and if there is any chance your coffee maker knows your credit card number, you can expect someone will be trying to talk to it. More likely, they’ll flip your smart lock from their phone and sneak off with your silverware.

How do you keep your network limited to you and yours? Vigilance, strong passwords and frequent software updates, experts say.

But humans are famously fallible creatures, which is why Cujo exists.

Cujo provides commercial-level systems protection (firewalls, product monitoring, data analysis) without the commercial-level expertise required to implement such protection, which has always made such security inscrutable for the common consumer.
As smart home-related criminality becomes more commonplace, expect to see more products like Cujo enter the market, with even some of the big brands getting in the security game.

The New Gadgets You’ll Be Bringing Home

What does 2017 hold in terms of new smart home tech? The ever-growing market means we’re likely to see everything from the everyday applicable to the absurd.

A Wi-Fi-enabled couch with remote controlled seat warmers? Probably coming soon.

One interesting development, in its novelty if nothing else, is the possible rise of gesture-controlled devices. Voice-activation has been de rigueur among the recent crop of smart home products, but companies like Fibaro and Bixi are betting that gesturing may be an even more intuitive action for users.
Imagine, for example, changing the channel on your TV by swiping instead of speaking, and when you think about how often you text versus speak on the phone, the gesture crowd may be onto something.

We should get our first good look at what is on the horizon early in the year at the Consumer Electronics Show, which runs from Jan. 5-8 in Las Vegas.

MORE: Bring “Westworld” Home With In-House Robots

But one thing is certain: You need a new TV. Yes, with a regularity rivaling presidential elections, it is time once again to upgrade your screen.

4K technology has arrived. Offering four times the resolution of the standard high-def TV, the 4K format is being adopted by more and more content providers. Google recently announced a growing catalog of Ultra HD movies and TV shows to its Play store, and as 4K is an increasingly standard feature of smart TVs, you’ll be able to download this high quality (looking, at least) programming directly to your device.

Or you could hold out for a few more years and get a 16K HD Smart TV, with a resolution so crisp you’ll be able to peer into the very soul of your local newscaster.