SCV Real Estate
November, 2016 - Issue #145
Your dream home is only a phone call away.

Escape to your Private Westridge Estate
With five bedrooms, six baths and an expansive 5,120 square feet of luxuriously-appointed living space, this executive-living home makes the statement that you have truly "arrived." Your Westridge custom estate includes brilliant additions like a convenient private downstairs office with separate entrance; a downstairs Master Suite with luxe sitting room and roaring fireplace; a natural-light-filled library loft and so much more. You'll spoil yourself and guests alike with a bonus room with private balcony; gourmet kitchen with butler's pantry, granite and travertine; and a remarkable entertainers' yard with sparkling pool, well-appointed outdoor kitchen and state-of-the-art sound system. Golf-course views are standard fare in nearly every part of the home, thanks to panoramic view windows. Neutral paint and flooring throughout, paired with refined details like wood-cased windows and soaring ceilings, make this space a pleasure to decorate to your exacting specifications. The price has been recently reduced to $2,049,000.
Kathy Watterson of RE/MAX Santa Clarita knows that relationships matter.
Put her 27 years of experience to work for you. 510-0321

Showstopper in Fair Oaks Ranch
This Fair Oaks Ranch home has an open floor plan and shows extremely well. It has formal living and dining rooms, plus the remodeled kitchen features an extended island, custom backsplash, granite counters and stainless appliances; it's conveniently adjacent to the family room boasting a fireplace. There's one bedroom and a three-quarter bath downstairs for guests or a boomerang child, too. The laundry room leads to the three-car garage with custom cabinets and workbench. Upstairs you'll find the master bedroom, three additional bedrooms and a bonus room. Upgrades include updated baths, base and crown mouldings, shutters, fans, mirrored closet doors/organizers and granite. The backyard is an entertainer's dream! It features a custom raised bond-beam pool and spa that is chemical and salt free. Even better: it has solar and a locking cover. There are block walls, colored stamped concrete, a patio cover, planters, waterfall, a barbecue and a fabulous view. Your new address is close to shopping, great schools and, exciting news: there's no Mello Roos.
Colleen Campisi of RE/MAX Santa Clarita - because there's no place like home. 713-2865

Don't Miss the Roaring 20s Casino Night to Support Bridge to Home
On Friday, November 4 at Valencia Country Club, join community movers and shakers
as they gather together to test their luck. To date, nearly $50,000 has been raised for Bridge to Home at this fourth-annual charity event hosted by RE/MAX of Valencia & Santa Clarita. Other sponsors include Casey Kirkman of AQMS Moving & Storage and Mike Meena of Augusta Financial. Tickets are $50 for general; $100 for VIP. RSVP to Alejandra Capristo. 702-4774

Six New Home Neighborhoods Now Selling in Valencia
It's time to see life the awesome way. In Valencia, there's endless outdoor space for pursuing your passions and the kind of stylish new homes that backdrop your dreams. With six new home neighborhoods now selling in three incredible villages, Valencia is your opportunity to find your perfect place. Visit today, tour the models and discover all the features, amenities and community you can handle.

Situated along the banks of the San Francisquito Creek, West Creek and West Hills offer stunning new homes at Aria, Claridad and Arte by Lennar.

Beazer Homes' gated enclave at RiverVillage features three stunning collections at Hartford, Kensington and Providence as well as its own private recreation center.

Valencia boasts prestigious schools, miles of connected pathways and trails, entertainment, shopping and dining opportunities, plentiful jobs, 24 community parks and beautiful new homes. Learn more online.

courtesy of Shutterstock
courtesy of Shutterstock
How a Bank Measures Risk in a Loan
It's often asked why a rate might vary from what is being quoted in the newspaper or online. The answer is pretty simple. The rate quoted will typically be the best case or "lowest risk" scenario, producing the lowest-possible rate; it often includes paying points. When evaluating interest rates there are several factors that might move your rate higher or lower.
The first factor is the down payment. Your willingness to risk your own funds in a property becomes a shared risk with the bank, lending the bulk of the money. Generally speaking, the more you are willing to risk of your own savings, the lower the risk is for the bank. A borrower will be more conscientious of his/her finances and be more prudent in not overextending their budget if there is a possibility they will lose their own investment in the property they have financed.

Another factor is credit. Your credit standing with debtors is investigated exhaustively because it indicates, within reasonable limits, the likelihood of repayment. There is an old saying in the finance business, "Your credit is your character." High credit scores indicate responsible credit management and lenders will use your past history to determine the future probability of repayment on your new loan.

Independent of your personal profile, the type of property you are financing is another factor in determining pricing for your loan. Investment properties, condominium units and multi-unit properties have been identified as property types that historically suffer from higher default rates. Because of this fact, Fannie Mae and Freddie Mac have pricing adjustments. Keep these factors in mind when you evaluate financing options with your local lender.
Andy Boron of Augusta Financial 291-2242

Moving? It's the Perfect Time to Take Stock of your Possessions
Your homeowner's insurance will cover the dwelling and structure of your home, as well as any possessions affected, during an insurance claim. National averages suggest that the quintessential American home has about $20,000 worth of personal items in your property, but many homeowners have to "guess" when attempting to assess loss after water damage, earthquakes, fire and other disasters. That rarely puts them in the best position for full replacement of the affected belongings.
When you're moving, it can be much easier to take stock of what you have, as well as what it's worth. Ideally, you will be in possession of not only the purchase receipts but date of purchase for your belongings. Maybe, as you pack, you will discover a pile of receipts (Or, 10 piles of receipts!). Go through them and assess what you need to keep. As you go through your home IDing what belongings stay, what gets donated and what will be taking residence in your new home, it can be helpful to take photographs of the items that are heading to your new digs just in case they are damaged down the line. When you inevitably purchase new items for your new address, be conscientious of keeping receipts for your selections.
Wendy Collins of State Farm 296-2068
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