5 Reasons to Hire a Real Estate Professional

I saw this article from The KCM Blog and rang very true: 5 Reasons to Hire a Real Estate Professional

“The real estate market is a place where most people will make their largest investment ever. It is a place where fortunes can be, and often are, made. It is not a place, however, for you to ‘wing it’.

“While the myriad TV shows about real estate make the process look so simple – it’s not really that simple… they make it seem like all you need to do is slap a for sale by owner sign in the yard, have one open house with fresh flowers and fresh baked cookies and bam! SOLD! in one day….

“You need a professional, full time, well educated, ethical and trustworthy REALTOR to represent you whether buying or selling real estate.”

5-Reasons to hire a RE Pro Image

In my 26 years working in Real Estate I can tell you that you’re better off hiring a Real Estate Pro. I know from first-hand experience the amount of paper work and negotiations you need to do to own a home is sometimes overwhelming to a Home Buyer. And beyond paperwork, there is the experience of being a RE Pro that you will want on your side.

I’m sharing this article with you in hopes to assist in your home buying experience. I’ve seen people try to go about buying a house without an Agent and usually it winds up in heart ache.


Lynn Tardibuono is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. www.sunpacmortgage.com. BRE license #01464899

2014 is the Year of Hard Money Loans


2014 is the Year of Hard Money Loans from The Guy in the White Hat


Preview of coming attractions!  I will have a future, more exact  Blog on the recent changes to Hard Money lending – High Cost loans.  For now, I have taken all in stride and will continue to promote Hard Money loans that fully conform to all the changes. 

Most of the changes impact Owner Occupied loans and none are horrible.  Some key things that will be different in my Owner Occupied Program…  1.  All Borrowers have to do Credit Counseling through an approved agency before the loan can fund.  2.  The loans cannot have balloon payments.  I propose a 15 year that is interest only for the first 7 years and fully amortizes over the remaining 8 years.  3.  They cannot have prepayment penalties.  4.  Late fee maximum is 4% after 15 days.

I’ve listed below recent Hard Money loans financed through my office and hope these give you a better idea as to how I can help you and/or your clients. I will keep the loans coming!




Great Private Money Rates as low as 8.5%*!


Guerneville, California 
Loan Type: 2nd Non-Owner Cash-Out
Loan Amount: $96,000
Days to fund: 6 days!
Reason for hard money loan: Multiple Properties Owned


Santa Rosa, California 
Loan Type: Bridge Loan (1st & 2nd) 
Loan Amount: $464,000 & $85,000
Days to fund: 14 days!
Reason for hard money loan: Self Employed


Sonoma, California
Loan Type: 2nd Home
Loan Amount: $110,000
Days to fund: 15 days
Reason for hard money loan: Needed Fast Financing


Vallejo, California 
Loan Type: Owner Occupied Cash-Out Refinance
Loan Amount: $140,000
Days to fund: 13 days!
Reason for hard money loan: Condition of property


Cloverdale, California 
Loan Type: Owner Occupied Purchase
Loan Amount: $503,200
Days to fund: 15 days
Reason for hard money loan: Poor Credit


Ukiah, California 
Loan Type: Owner Occupied Purchase
Loan Amount: $112,500
Days to fund: 17 days
Reason for hard money loan: Poor credit
South Lake Tahoe, California
Loan Type: Non-Owner Purchase
Loan Amount: $200,000
Days to fund: 20 days
Reason for hard money loan: Self Employed


El Cerrito, California 
Loan Type: Owner Occupied Purchase
Loan Amount: $418,000
Days to fund: 14 days!
Reason for hard money loan: Condition of property

Loan approval is based on just 2 criteria:

 1. Good Down Payment or Decent Equity    

2. Ability to Repay

•Owner Occupied, Investor financing, Commercial and some Land financing.

•FAST private money purchase financing Sonoma County & Northern CA
•FICO is not a factor.
•Up to 80% loan-to-value – Case by case basis.
•Loan amounts from $75,000 – $1mil+.
•Lower rates with Good Compensating Factors – Case by case basis.
•Fast refinancing. 


CALL FOREST – The Guy In The White Hat – at (707) 523-2099;

Or email him at forest@sunpacmortgage.com

See our website at: www.sunpacmortgage.com


       Hard Money Lender Serving Sonoma county since 1988!

800 Mendocino Ave. Ste 2

Santa Rosa, CA 95401

(707) 523-2099


*APR based on loan amount of $130,000 is 9.469%.

CA BRE Broker – California Department of Real Estate Broker.   Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System.  Office NMLS # 360993



Avoid The Biggest Property Seller Mistakes

If you are considering selling a property (as a home owner or even a Investor) here is a good article to review, to help you steer clear of these common mistakes. In my 26 plus years of being in the real estate market I can tell you these are factors are ones to keep in mind when you are thinking of selling – they can get that property sold quicker.

A recent ActiveRain Real Estate Network article “Biggest Home Seller Mistakes” from January 23, 2014 covers 10 fundamental points for the Home Seller, based on a recent survey done. Original Active Rain article here: http://activerain.com/seller-mistakes


Below is just one of these points, which I have seen all too many times and try and work closely with my clients to avoid any such scenario:

1. Overpriced Home

Nothing shocking here. This was far and away the most common mistake sellers make that prevent them from selling their home.

If you overprice your home there is a pretty good chance no one is going to want to buy it. Real estate agents do not set the real estate market. A great real estate agent will suggest a price at which to list your home based on comparable homes that have already sold in the market. Overpricing a home to ‘see if you can get someone to bite’ is not a strategy employed by someone really serious about selling. Overpricing a home will lead to missed opportunities with buyers that are serious about buying in the range at which your home should be listed.

The first week during which a home is listed will generally be the time that the most eyeballs are on the home and the largest potential pool of buyers will be exposed to the listing. Setting a price that reflects the market is essential to selling! This is exacerbated in a downward trending market. Many a seller has lost thousands, even tens of thousands of dollars chasing a market down after setting a listing price that was outside what the market was willing to bear.

Margaret Goss, a Broker with Baird & Warner on the North Side of Chicago gives you a few reasons that an agent will take your overpriced listing and then shares the repercussions of making the decision to price your home too high.

Selling a house is a lot of work but doesn’t have to be a “nightmare”. For example, if you have too few poor photos (messy spaces) on MLS or you are not available for house showings or to little showing times, the house messy or smelly when showing it, etc. none of these will help to sell the home quickly or for the price you want.

Best, Lynn
Owner/Realtor® – Flipper Chick
Lynn Tardibuono is Co-Owner/ Realtor® and Flipper Chick of Sun Pacific Mortgage and Real Estate, family owned and run since 1988 in Northern CA. www.sunpacmortgage.com. BRE license #01464899/NMLS #360993

Job Growth, Home Sales Will Continue Expanding in 2014 and Beyond

As Hard Money Broker and business owner this good article to share, mostly highlighting the last bullet points:


Looking ahead, the latest Burns report predicts:

§U.S. home prices will rise another 15 percent  from 2014 through 2017.

§Home prices will reach “normal affordability levels” in 2015 and then become unaffordable.

§Interest rates on 30-year, fixed-rate home loans will reach 4.5 percent in 2014, 5 percent in 2015, 5.5 percent in 2016, and 6 percent in 2017.


Read the rest here: http://blog.pacunion.com/job-growth-home-sales-expand-2014-beyond/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pacunionblog+%28Pacific+Union+Blog%29

12 Days of Christmas for Home Sellers

12 Days of Christmas for Home Sellers


Do you want to sell your home but are afraid no one will want it?  As a Real Estate Agent, do you have potential clients who are hesitant to list their house due to the condition of their property?   It’s time to be merry and realize there is no need for worry! I have all-cash Buyers who are ready to close fast, despite condition of the property.


In light of the Holidays, here is my 12 Days of Christmas to cheer up Home Sellers:


On the First Day of Christmas my true love said to me “we have no money to fix the house”. 


On the Second Day of Christmas we thought we could just sell, but we had some major problems – would anyone buy?  On the Third Day of Christmas we decided maybe we could fix it…We only needed a new roof, new windows, new carpet, new kitchen and new bathroom!


On the Fourth Day of Christmas we were in a gloom, we’d never be able to sell…. Just too many problems, too much work needed, no money!


On the Fifth Day of Christmas we had a bright idea!  There are people who want a house like ours because they CAN fix it!  (Uh Oh, the furnace just went).  On the Sixth Day of Christmas we called our realtor and told her our problems.  She said “no problem, you can get a new smaller, nicer, more modern home now that the kids have moved out.”


On the Seventh Day of Christmas she brought us a cash buyer who was ready to close.  Our eyes were all aglow!


On the Eighth Day of Christmas we had to hustle and find a new home!  We dashed around and dashed around all over town! 


On the Ninth Day of Christmas we found our cute little new modern home.  Our eyes how they twinkled with merry cheer and delight.  On the Tenth Day of Christmas we had nothing to do but wait, while our realtor flew like a flash to make this the best Christmas to date.


One the Eleventh Day of Christmas our new home was so near, and our old rundown house was in good hands – with great anticipation we cheered and cheered and cheered!  On the Twelfth Day of Christmas we picked up our keys and thought “MERRY CHRISTMAS TO ALL AND TO ALL A GOOD NIGHT.”


Call me at (707) 523-2099, Lynn Tardibuono – Realtor® and Flipper Chick at Sun Pacific Mortgage & Real Estate.


If you or a client is thinking of selling a home that needs some “TLC” I have been in the Real Estate business here in Sonoma County since 1988 and can help get that property off your hands with my all-cash buyer who’s ready to close fast!


You can get more information at www.sunpacmortgage.com. DRE license #01014873

Hard Money Loans versus Government Loans

The KCM article caught my attention and this specific excerpt explains why:



The Curious Case of the Jumbo Mortgage

By Miranda Marquit, financial writer for RateZip.com on October 16, 2013 in Interest Rates



“Private vs. Government Funding

As we move further from the financial crisis, it makes sense to start asking if and when the mortgage industry will return to a world where private money plays a greater role and government institutions such as Fannie, Freddie, and the Federal Housing Administration (FHA) play a smaller one. Recently, our representatives in Washingtonhave begun to discuss plans to dissolve Fannie and Freddie and bring private money back into the game, and that’s a good start. In the past few months, we’ve also seen a few encouraging trends in the jumbo mortgage market that could point toward a mortgage industry less reliant on government guarantees.”



Private Money or Hard Money has been around for many years and has remained stable throughout….even now having rates improve to lower than I’ve ever seen.


I’ve dealt with every type of loan program since starting Sun Pacific Mortgage and Real Estate with my wife in 1998.  I now only do hard money/private money loans but still keep abreast of the other loan programs, especially those which I know home buyers could potentially qualify for, so I can refer them to the right program and local Lender.


However, I do hark back to those early days when conventional loan rates were between 11-14% and over the past 25 years these rates have fluctuated.  Hard money rates haven’t wavered, except now to go lower than I’ve seen since I started in this business.


So, just know that my hard money/private money loans remain reliable and I stand by, ready to assist you!


Best, Forest

Owner/Hard Money Broker – The Guy in the White Hat

Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate – Your Northern CA Hard Money Lender since 1988.  www.sunpacmortgage.comBRE license #01464899/NMLS #360993


Hard Money Math – Simple Loan When Said Right


By Broker, Forest Tardibuono

Hard Money Math

The lending choices for Buyers in this market have been simplified.  There are “A” paper lenders for Buyers who have really great credit, verifiable income and verifiable cash to close the transaction.  Next are Hard Money lenders, who require a good down payment and an ability to repay the loan.

There is really nothing in between.  So it really compels real estate brokers and agents as well as Buyers to become familiar with what Hard Money is all about.

Hard Money is very simple mathematically.

Here is an example assuming a purchase price of $200,000.

The “good down payment” mentioned above would be a minimum of 30%.  There are occasions where 25% will work but for this example we will use 30% as a down payment.  On a $200,000 purchase price that would be $60,000.

That would leave you with a loan amount of $140,000.  For a Hard Money loan payment you need to multiply the interest rate offered for your profile as a Buyer, times the loan amount to get how much interest you will pay per year.  Then divide it by 12 months to get the monthly payment.  For this example, here is what it would look like with a *10.50% interest only loan for $140,000.  That’s $140,000 X 10.50% = $14,700.  Divide this by 12.  $14,700 ÷ 12 months = $1,225 per month.

Please note that the 10.50% rate mentioned above applies in my office and can be higher or lower depending on the down payment, loan size, property, property location, occupancy type, etc.

Hard Money is here to stay and is a vital tool for the busy realtor and for Buyers who have tried the “A” paper route and been turned down.  2/3 of the loans I do are for purchases. The Buyers are so grateful too, as they thought they had no chance for home ownership.

I invite you to call your local Hard Money Broker and really get the further scoop on what Hard Money is all about.   It is the only loan program I now offer.  After 25 years of doing this, I know of which I speak.



Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Why RE Brokers Are Still Alive and Kicking

Getting back to the office after this morning’s great Santa Rosa Chapter of Realtors Marketing Meeting, I came across the below Pacific Union’s article from a few months ago called “Why Real Estate Brokers Are Alive and Kicking”, and it rings so true:


“So, why haven’t the Zillows and Redfins of the world killed off real estate brokers? Because they can’t replace what makes our professionals essential to the transaction: the market mastery, the in-the-trenches experience, the advice and recommendations that take decades to develop.


“They can’t match the combination of deep knowledge, insight, and instinct that allow our people to identify a client’s dream home –  and ultimately make that client’s dreams a reality.


“The Internet is great for research. But search algorithms, virtual tours, and robots just can’t replace professional expertise.”


Ever since I started our real estate and mortgage company with my wife 25+ years ago we have striven to be true professionals, honest expertise based on continuing education and regular market updates and networking so we were up-to-date on everything possible we could be.


All for the sake of our current and potential hard money and real estate customers!



Best, Forest

Owner/Hard Money Broker – The Guy in the White Hat



Original link to Pacific Union Bay Area Real Estate Blog, “Why Real Estate Brokers Are Alive and Kicking” March 19, 2013:




Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Top 10 Reasons To Use Hard Money


By Broker, Forest Tardibuono


Having watched a lot of David Letterman Late Night shows, I realized just as he has his “Top 10 reasons”, there are Top 10 Reasons To Use Hard Money

Need I say more…

#10. You had a recent Bankruptcy.
#9. You are currently in a bankruptcy.
#8. You had a short sale not too long ago..
#7. You had a foreclosure yesterday.
#6. You have been in a bankruptcy for a year, had 2 foreclosures of rental properties in the last 12 months and you are currently short selling your home (true story!!).
#5. Your home loan was just declined by the bank that approved you a month earlier for something on your credit report that was there from the start.
#4. You have written 11 [unaccepted] offers and now have a new best friend in your Realtor.
#3. 3 words: “Fourteen” – “Day” – “Escrow”! (I just did one in 7 days. My record is 5, and I would like the challenge to do it quicker!!)
#2. You are the “perfect loan” for a bank. Perfect credit, perfect income, big down payment. But you want to buy a dumpy property and fix it up. Banks hate dumpy properties.
And the #1 Reason… As a Hard Money Lender for 25 years – I say YES when others say no!


Call me with your scenarios and let’s see how I can help you.



Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Selling a House? Don’t Overprice It


Hello fellow Realtors, Lenders and other friends; 

There was a really good article released by The KCM Blog on July 15th that goes right along with our message in today’s video: how to increase a Buyer’s capability to purchase your particular listing, in today’s market.
We have included the full article along with an original link to it, below. Do make sure to read all the way through.  Smart facts and strategies to keeping more Buyers and Sellers in the game, right now!


Best, Forest & Lynn


Owners/Broker–The Guy in the White Hat & Realtor–Flipper Chick

Sun Pacific Mortgage & Real Estate

Family owned and operated in Sonoma County since 1988. Your Hard Money Lender!


The KCM Blog – Selling a House? Don’t Overprice It



HiRes 6There is no doubt that the housing market is coming back nicely. What, if anything, could slow down the current momentum? We believe it may be sellers’ over exuberance when it comes to pricing. There is little doubt that house prices have appreciated over the last twelve months in most regions of the country. However, with both the inventory of homes for sale and interest rates increasing, we have to be careful to not over judge what the market can bare.

Trulia just reported that asking prices have jumped dramatically and the increase is accelerating:

  • Year-Over-Year prices jumped 10.7%
  • Quarter-Over-Quarter prices jumped 4.1% (16.4% annualized)
  • Month-Over-Month prices jumped 1.5% (18% annualized)

No expert is expecting home prices to shoot up 18% in the next twelve months. If anything, price appreciation may slow as rates and inventories increase. Investors will begin to slow their purchases and the first-time buyers expected to take their place will be working within a pre-set budget in many cases.

Buyers’ Purchasing Power

Let’s look at an example: A young couple is looking for a home and have predetermined that their budget will only allow them to spend $1,000 a month on a mortgage. At today’s mortgage rate of 4.5%, they could afford a $200,000 mortgage ($1,013 principal & interest). However, if rates jump to 5%, they would have to lower their mortgage amount to $190,000 in order to keep their monthly payment where they need it ($1,020). At 5.5%, the mortgage would need to be no more than $180,000 ($1,022).

The Impact on Prices

This decrease in buyers’ purchasing power will have an impact on home values going forward. We do not believe it will cause a decrease in prices. However, we do believe it will likely cause current rates of appreciation to slow.

If you are thinking about selling your home, don’t get carried away with current headlines about home price increases that have taken place over the last twelve months. Instead, call a local real estate professional. They will be best prepared to explain where prices are headed over the next six months.


Selling a House? Don’t Overprice It – Posted: 15 Jul 2013 04:00 AM PDT

Original link: http://www.kcmblog.com/2013/07/15/selling-a-house-dont-overprice-it/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29

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