Real Estate

  • Reasons to Buy or Sell Today!

    I’m Scott Chappell and everybody knows that this is the slow time of the year to buy or sell real estate. Residential home values have gone up an average of 6% locally this year. The smart guys that do the forecasting agree that 2019 will be another good real estate year for buyers and sellers […]

    Read more

  • S.H.I.F.T. Happens

    We’ve just returned from a series of state and federal meetings where we had the opportunity to celebrate some legislative victories from the past year, lick our wounds over others and foment plans to deal with the changed political landscape we will encounter at the city, county, state and national level in 2019. We are […]

    Read more

  • Still Correcting?

    Speaking of 2008, September marked the 10th anniversary of our last great meltdown. Lehman Brothers collapsed, bringing others to the brink, precipitating a general crash in the housing market nationwide. We got towed along for a 60%+ drop in local home values and a 50%+ drop in sales over the next 18 months. Fun times! […]

    Read more

  • How to Avoid 1031 Exchange Nightmares

    1031 Exchanges are extremely tricky, and one mistake can literally cost you thousands of dollars. In a nutshell, when you sell a property, you can defer a taxable gain if you purchase a “like for like” property within 180 days. You must identify the replacement property in writing within 45 days. It’s a very complex […]

    Read more

  • 42 Years Experience in Real Estate

    A client recently asked me why he was being charged for title insurance and transfer taxes. Even though the charge for title insurance states it’s optional, I was able to explain to him the title insurance has always been the seller’s responsibility as are the transfer taxes. His home sold quickly in a market that […]

    Read more

  • No Crash in Sight

    As I pointed out last month, I’m just not seeing it. While our market has indeed slowed from its more robust pace of the past few years, there’s simply no indicators pointing to a crash. The market is still strong, the underlying fundamentals of the economy are sound and most prognosticators are in agreement that […]

    Read more

  • Finished Industrial Land Equals More Local Jobs

    Since I arrived in the late 1980’s, every local City has stated that one of their key goals is to create more and higher quality local jobs. For decades, too many of our local residents have been forced to venture out in the pre-dawn hours to fight the traffic up and down the I-15 as […]

    Read more

  • A ‘Wobbly’ Housing Market

    Last month I talked about the apparent correction our housing market appears to have entered. Within days headlines from MSNBC and others were howling about the impending housing ‘CRASH’. So the question these days is ‘Are we headed for a crash, or just a correction?’ At the risk of disagreeing with MSNBC (when was the […]

    Read more

  • Scott Chappell – Expert 1031 Exchange Accommodator

    I’m Scott Chappell, and I’d like to talk with you about the 1031 Exchange process. My ex-wife, reluctant to accept my advice, purchased a nice rental property in 2002 for $236,000. She had moved out of the area and decided to sell the property, which sold for $447,000. Her initial idea was fabulous. She thought […]

    Read more

  • Market Correction?

    The housing market in our region appears to be in a state of flux right now across several indices. Historically June has been our highest month for single family home sales – and it may be again this year. But sales are well off last year’s pace, posting the lowest 1st half sales in the […]

    Read more

  • Temecula Valley Industrial Real Estate: Why Have Prices Skyrocketed?

    Here are some interesting facts about Temecula Valley’s industrial market: Since 2012, among buildings between 5,000 to 50,000 sq. ft. (the majority of TV’s industrial market): Average asking lease rates increased 69% (from $.52 psf to $.88 psf) and average asking sale prices increased 102% (from $84 psf to $170 psf). Given these jaw-dropping increases, […]

    Read more

  • The Path Ahead

    I’d also like to thank City Managers Aaron Adams (Temecula), Grant Yates (Lake Elsinore), Gary Nordquist (Wildomar), Armando Villa (Menifee) and ACM Ivan Holler (Murrieta) for making our 8th Breakfast with the City Managers a huge success again. Our members turned out in record numbers to hear about what’s happening in our marketplace with housing, […]

    Read more

  • I Buy Ugly Houses!

    In my decades in real estate, I’ve run into more people than I can count who have told me they want to sell their home, but it would cost too much to make the necessary repairs to get a good price for it. I tell them “nonsense!” I know what it takes to sell a […]

    Read more

  • Real Estate Fraud…..Don’t Laugh it Could Happen to You

    Real Property Crooks operate profitably in the complex world of real estate sales and loans. These crooks use false representations, fine print and obscure procedures to steal the equity in your home or to commit loan fraud. If you believe you have been cheated in real property scam, you should immediately contact a real estate […]

    Read more

  • The 5% Solution

    First-time homebuyers face several challenges, not the least of which is coming up with the money for a down payment. If you only have $10,000 to put down, that limits your options. I’m Scott Chappell, and I’ve been working with buyers and sellers for more than four decades. With the median price of a home […]

    Read more

  • The American Dream (In Flames?)

    As we celebrate the 50th anniversary of the Fair Housing Act, it’s interesting that ‘The American Dream (In Flames)’ was the title of a presentation to Directors of the California Association of Realtors® delivered by CAR CEO Joel Singer last week during our Legislative meetings in Sacramento. That was during a week that saw additional […]

    Read more

  • There’s A Strong Probability

    For some reason people frequently ask me what comes next for our overheated housing market. To this I honestly reply that I am nearly as clueless as they are. But there are some probabilities and even some strong possibilities about what could happen. Like everyone else, I rely on a cadre of prognosticators to inform […]

    Read more

  • The Trump Slump!

    January was a slow month for housing so why not blame it on something the President said or did? It’s a popular pastime these days. But, of course we knew January was going to be slow anyway. History has proven that, so it wasn’t a big surprise, but it’s still nice to have a scapegoat. […]

    Read more

  • Liberty Real Estate Services

    I’m Scott Chappell, and I’d like to talk with you about the 1031 Exchange process. I was getting my hair cut the other day and my stylist told me she had sold a rental property and they wanted to do a 1031 Exchange to purchase a piece of land. When they spoke with their CPA […]

    Read more

  • No End in Sight?

    So, looking back, 2017 was a pretty decent year for our local housing market. After the big fade in November, sales bumped up just enough in December to keep my forecast of 12,000 sales viable. Just barely. The computer tells me, (and computers are seldom wrong), that we finished the year with 12,017 sales while […]

    Read more

  • Coasting Downhill in Neutral

    With the possible exception of Congressional Republicans, there’s no sense of urgency right now. Let’s get through this year and see what 2018 brings. Depending on what H.R.1. finally looks like, and which ‘expert’ you listen to, the housing market will either be a little better, a little worse, or about the same next year. […]

    Read more

  • An Abundance of Uncertainty

    Uncertainty was also abundant in reviewing the current tax reform plans circulating in Congress. Initial analysis pointed to several areas of the proposed bill that would not be beneficial to homeowners, nor would the elimination of SALT be helpful to residents in high tax states like ours. Of course, residents in 44 states with low, […]

    Read more

  • Inland Housing Market ‘Overvalued’?

    You may have seen today’s Press Enterprise article headlined Inland Housing Called ‘Overvalued’, quoting a recent report from CoreLogic which categorized various housing markets across the country as either ‘normal’, ‘undervalued’ or ‘overvalued’. Now I routinely peruse CoreLogic reports and generally find them to be quite helpful, but for the life of me I can’t […]

    Read more