Goodbye Formal Living Room, Today’s Orange County New Home
New home construction has begun again in Orange County. But there are some significant differences from the standpoint of the developers, as well as the product that is being offered, and who is actually working with the home buyer. Few things are as they were during the construction boom of the…
Read more...So You Want to Buy a Foreclosure
I hear from buyers frequently that are interested in buying a foreclosed home / bank owned property. Sadly, in the under $750,000 market, the competition is brutal. Many times those with 20% down or more will trump those entry level buyers with FHA or VA financing. Even with a strong, high down payment offer, the process is very challenging, listing agents are inaccessible, and offers go into an email black hole. If you are frustrated, you are not alone. Buyers and agents alike are very di…
Read more...Microscope on the Market – Wagon Wheel
Wagon Wheel Wagon Wheel is small community in Trabuco Canyon located off Oso Parkway not far from the south gate of Coto de Caza. The homes were built in the mid 90's by Kaufman & Broad who subsidized the original mello roos bonds making it known in part, for it's very reasonable tax rate. H…
Read more...Microscope On Mission Viejo
Today the microscope is on Mission Viejo. So many of the media numbers focus on Orange County performance, but real estate performance can vary dramatically within our large county and particularly at various price points. I'm going to spend the next several posts breaking down each of the South Orange County cities to give you an idea of local performance. Whether you are buying, selling, or just keeping an eye on your local market, these numbers tell the story. BTW Dear Friends/…
Read more...Microscope on the Market – Rancho Santa Margarita
When you are looking to buy a home in Orange County, or anywhere else for that matter, it is critical to drill down into the numbers for the sector of the market that you are looking at. Orange County numbers are wonderful benchmarks to know, but our market is made up also of submarkets within…
Read more...What Is a Good Deal?
The new buyer profile today is understandably looking for a 'good deal'. With the major changes we've seen in Orange County in the last 2 years, the buyers that feel ready to jump into the market are consistently saying, 'If I find a good deal...' So what is a 'good deal'? Let's examine the potential opportunities. There are 3 types of listings that are predominately found in the active market today: Short Sales Bank Owned (or REO's) Traditional Sellers Short Sales: A short…
Read more...When Will this Orange County Real Estate Market Improve?
Isn't this the million dollar question! People talk about it, speculate over it, study it, and try to make buying and selling decisions based on all of it. So when will the Orange County real estate market improve? I thought we'd be in this condition at least until Spring of '09, because his…
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