Recently I was approached by a friend who is taking courses to pass her California Real Estate Sales Person Test. She is in the process of learning how to become an Orange County Realtor. She was given an assignment to interview a full-time Orange County Realtor. I gladly offered my help. I am sure there are numerous people out there in a similar situation. Perhaps not for the pure purpose of completing a homework assignment, but more so for the purpose of learning how to become an Orange County Realtor. I felt I should post the questions she sent me and my answers. Please understand this is a very lite overall picture of a much more complex set of answers to become an Orange County Realtor. Answers that I am willing to expand on to anyone who reaches out to me with similar curiosities. IE beginning a career as an Orange County Realtor or looking into changing Orange County Real Estate brokers, or even interests in selling or buying Orange County real estate. Maybe looking for options or perhaps even insights to how the Orange County Real Estate industry works and the mindset of Orange County Realtors. I would gladly answer any and all questions. Call 949-235-8614 or fill out a contact form.
975 square feet spacious 2 Bedroom Lake Forest home priced to sell. Only 315k for this rare 2 Bedroom Lake Forest Home. Rare lower level end unit in beautiful Pheasant Creek. Great floor-plan consists of a large living room with newer wood laminate floors. Slider off living room opens to a private enclosed deck. Full Size washer/dryer hook up on the balcony. HOA has 3 Pools, Tennis Courts, Basketball Courts, Jacuzzi and Dry Sauna. HOA covers water and trash. Enjoy the peaceful community and embrace the tranquility of the mature trees ponds and streams running through the complex. Views of the Saddle-back Mountains and Cleveland National Forest. Amazing bike trails just across the street as well as the newly constructed Lake Forest Sports and Community Park. Access to 241 Toll Road and 5 and 405 freeways. Don’t miss out on this amazing opportunity, this one won’t last! 1 CAR GARAGE plus an additional assigned parking spot for guests! You cannot find a better 2 bed 2 bath condo in Lake Forest at this price. Call 949-235-8614 to view this 2 bedroom Lake Forest Home today! Cannot find a better 2 bedroom Lake Forest Home at this price! Community is FHA Approved call about down payment assistance. HOA are $355 a month
24127 Paseo Corona Dana Point, CA
2 Bedroom Home in Dana Point with 2 baths and 900 sq ft
Happy Hour Open House Sunday 4/10/16 2-5pm come for Fine Drinks and Hors D’oeuvre
Do not miss this rare opportunity to own a 2 Bedroom Home in Dana Point in the resort like community of Dan Light. This 2 Bedroom Home in Dana Point just underwent recent renovations. Bamboo hardwood throughout. Brand new Stainless steel appliances with granite counters. Both bathrooms were gutted and redone with new vanities and stone travertine floors. Large master bedroom with an enormous walk in closet. Private end unit location with a relaxing patio surrounded by trees and breezes from the Dana Point Coast. One car garage with an assigned carport. The community of Dana Light offers multiple pools and parks, tennis courts and ocean views. It is walking distance to the Dana Point shops and restaurants on PCH. Minutes to the Dana Point Harbor and amazing beaches. There are very view homes in Dana Point with 2 bedrooms in this price point. Do not miss this small window to get a 2 Bedroom Home in Dana Point for under 500k. This home will not last.
Coming Soon in Ladera Ranch Tarleton Plan 2.
5 Thorp Spring
3 beds 2.5 baths 1873 Square Feet
4 bed 4 bath 2950 sq feet – An Entertainer’s Dream
19 Spyrock Irvine, CA 92602
4 Bed Aliso Viejo Townhome 3 Full baths 1719 Square Feet in Provence d’Aliso of Aliso Viejo, Ca
Absolutely Stunning 4 Bedroom Aliso Viejo Townhome located in Provence d’Aliso of Aliso Viejo, CA. Travertine floors throughout with 20 feet ceilings bringing in tons of natural light. Down stairs you’ll find a bedroom/den and a remodeled full bathroom. The kitchen has been completely updated with New Oak Cabinets, Granite countertops, and Stainless Steal Appliances. French Doors lead you to a relaxing and private patio beautifully hardscaped and landscaped for easy maintenance. As you walk up stairs you can view the entire home from the the open hallway. The Master suite consist of a large Walkin closet Brand New dual Vanity with Granite Counters and an Oversized Tub/Shower. Provence d’Aliso of Aliso Viejo, CA has 2 separate swimming pools and fitness centers as well as 3 tennis courts and a basketball hoop. Enjoy the walkways circling the community as you overlook Aliso Viejo and capture in the Saddleback Mountains. Within a short walking distance to all schools including the award winning Aliso Niguel High School. This is a must see.
Call 949-235-8614 or submit an inquiry to the right to schedule a private showing, for more information, and to get the open house schedule.
There are currently 147 homes for sale in Aliso Viejo a 35% drop from 60 days ago. Also, in the last 30 days 60 Aliso Viejo homes have sold, and a staggering 100 homes have gone into escrow. That number shows that homes are beginning to sell faster and will continue to as inventory drops. Expected time on market is staying relatively steady, but expect that to decrease. Even though Real Estate slows down this time a year, the buyers who are looking are serious and are ready to pull the trigger quickly with correctly priced homes.
As you can see by the second chart Aliso Viejo homes on average are selling above their list price in October. This means a handful of things. Aliso Viejo sellers are getting more realistic with their pricing, and demand is picking up. There are still numerous micro markets in Aliso Viejo Real Estate, and even though this may paint an accurate general picture, each community has its own driving factors. Contact us to get a detailed analysis of your Aliso Viejo home’s price and your community’s market activity. Whether you are considering refinancing, selling, or just curious this service is offered at no charge.
We love educating our neighbors on the dynamics of their community. You can reach us at 949-235-8614 or fill out the form to the right. If you want a quick home valuation and market snap shot of your community click here
Is the Orange County Real Estate Market Heading for another bubble? Is the US housing market in general heading for another bubble?
Taking the US market as a whole is Macro Economics and that really only has relevance with politicians, school and discussion like this one.
Let us focus on is there an Orange County Real Estate Bubble? Orange County real estate saw a huge appreciation from September 2012 to September 2013. (About 30% This would definitely make one believe there is an Orange County real estate bubble). It has gone relatively flat since with some small exceptions. The usual market time has tripled since a year ago hovering at about 2.5 months. I hear people saying that prices are dropping, and I explain prices are not dropping they have stabilized. Sellers were over zealous thinking prices would continue to rise, so they would price their home 5% to 10% higher than the comps. Homes sit as the sellers realize they need to bring the price down to match the market. Buyers are no longer willing to chase and are waiting for a correctly priced home. The market is primarily equity sellers that are contingent on finding a replacement home, and smaller scale investment companies or individuals.
Open House Aliso Viejo 5/14/2014 Sunday 1-4 pm
Open House Aliso Viejo Sunday 5/4/2014. 4 beds 2.5 baths 1800 sq feet. Corner Lot in Model Perfect Condition! Brand new carpet and new paint. Four true bedrooms with living room and a den/office. Cathedral ceilings, crown molding, ceiling fans, recessed lighting, dual pane windows and hardwood floors. Newly remodeled kitchen with quartz counters and custom seaglass back splash. Currently garage is designed as a game room/bonus room with hardwood flooring, new paint, molding and recessed lighting. (not permitted) Additional features include above ground spa, upstairs laundry room and only one HOA. Elementary school is Canyon Vista.
Contact Patrick at 949-235-8614 for more information or click here
Open House Foothill Ranch, CA 2 bed 3 bath $399k
Open House Foothill Ranch, CA Saturday 4/27/14 1-4pm. Recently updated 2 story condo! 2 bedrooms each with private bathrooms both with new vanities and granite counter tops. Spacious downstairs with neutral tile floors, fireplace and downstairs bathroom. Upgraded kitchen with new cabinets, stainless steel appliances, granite counters and new fixtures. Great open floor plan with large skylight allowing for ample sunlight to shine thru. Direct access 2 car garage and indoor full size laundry. Private balcony and cozy front courtyard to enjoy your summer nights! This is a great unit and will not disappoint!
Annexed into the city of Lake Forest in 2000, Foothill Ranch is one of South Orange County’s newest master-planned communities. Comprised of a unique balance of residential, business & open space, this 2,700 acre community is strategically located near the Santa Ana & the San Diego freeways. The tranquility and scenic wilderness along with it’s close proximity to some of Orange County’s premier entertainment, education, and retail centers make Foothill Ranch a popular place to visit and live.
Open House in Dove Canyon, CA
49 BELL CANYON Drive Dove Canyon, CA 92679
Breathtaking view home, located in the luxurious guard gated community of Dove Canyon! This upgraded 5 bedroom home is settled on a single loaded street with an unbelievable view of the golf course, mountain and hills from many rooms. The entry opens to the elegant formal dining room and an office with built in desk and shelving. A separate family room with fireplace and dark wood built-ins opens to the beautiful spacious kitchen creating a large great room. This state-of-the-art kitchen features center island and a walk-in pantry. A main floor bedroom with a dedicated bathroom completes the downstairs. The second level conveniently features an individual laundry room. There are three very large secondary bedrooms that each offer their own walk-in closets. Two of the secondary bedrooms have individual upgraded bathrooms. The master bedroom opens with double doors and flaunts an extremely spacious walk-in closet and dressing area. The balcony wraps around the back of the house creating a relaxing environment to enjoy the remarkable views! A large bonus room with panoramic views and built-ins could be made into a sixth bedroom. The backyard has ample grass areas, a built in BBQ and an in ground spa/spool.
for more picture visit 49bellcanyoninformationsite
Open House 14- pm Saturday 3/8/2014 from 1-4pm
Step into the perfect Family home in the one of the best communities you will find in Orange County. This is a Plan B, Two Story home with 3 Bedrooms, 2.5 Baths, and a 2 Car Garage. The kitchen features granite counter tops along with wood floors, and wood floors throughout the dining room. The living room has a full size, built in entertainment center, and cozy wood burning fireplace with pre-cast surrounds. The front porch is perfect for watching the kids play, and the Master Bedroom is roomy with a Walk in Closet, and a very spacious Bathroom with Dual Vanities and beautiful Tub and Separate Shower with Glass Door Shower Enclosures. Laundry is upstairs, and there is a generous linen storage ready for you to fill up. The home is Pre-wired for Cat 5 wiring in all bedrooms. The garage is fully dry-walled, and all the utilities are underground. Come see it today!
Click the slide show below to see photos of some of the beautiful homes.
There are many projects underway in Orange County. Some in the beginning stages some in the latter stages. All the builders are offering great products and the information on the web is extremely vague and sometimes misleading. The main reason for this is that they want you to visit the properties. Buying new construction has a tremendous upside but, it requires patience and time to find your best fit solution.
My favorite project is Rancho Mission Viejo. A beautifully designed master planned community off Ortega Highway and Antonio Parkway just south of Ladera Ranch.
The influence of foreclosures and short sales on the housing market is minimal.
Distressed: foreclosures and short sales make up only 5% of the overall inventory in Orange County.
It is amazing how often people ask about foreclosures. Buyers want to buy a foreclosure. Investors want to buy foreclosures. Shadow inventory? Empty foreclosures intentionally held off the market? When’s the wave?
The reality is that as the interest in distressed homes has grown exponentially, the number of foreclosures and short sales placed on the market has dropped dramatically. Buyers and investors wishes for more distressed sales have become nothing more than wishful thinking. The more they ask, the less they find.
Just Listed 3 Bedroom Home Irvine, CA
New 3 Bedroom Home in Woodbury Irvine, CA. Beautiful Model Perfect Home with designer upgrades in the highly sought after Woodbury Community of Irvine! This property is located on a cul-de-sac and features 3 bedrooms, 3 bathrooms and includes Master Bedrooms downstairs and upstairs. Beautiful hardwood floors leads you to the Kitchen highlighting granite counter tops, a breakfast bar, and stainless steel appliances including a double oven. The Living Room includes a built in media center, double sided fireplace and whole house surround sound system. Down stairs the Master Suite features a large walk-in closet, a relaxing jetted Jacuzzi tub, and plenty of space. The upstairs loft is ideal for a second family room and kids play area. Woodbury’s amenities are unparalleled boasting 7 pools, a clubhouse, football and baseball fields, beach volleyball, tennis and basketball courts, BBQs and fire pits. Woodbury Elementary is one of Irvine’s top schools and is only a short distance away.
Open House Saturday and Sunday
10/9/13 and 10/10/13 from 1-4pm
Rancho Santa margarita Open House. Recently upgraded 2 bedroom 2 bath corner unit in the in the wonderful Belfora community of RSM. Great spacious floor plan with nearly 20k in upgrades including matching granite counters and travertine floors in the kitchen and baths. Plenty of light offered with its numerous windows or enjoy privacy with the California Shutters. Relax on the patio surrounded by trees with no other buildings in front or on the side of you. Well kept complex with recently painted exteriors. Monthly HOA dues includes Association pools, tennis courts, Basketball Courts, RSM lake, Beach Club, Club House, Man made beach, skate park, dog park, and more. The property is close to the RSM lake, shopping, schools, parks, hiking, parks & recreation. Centrally located to freeway & toll road.
4 Bedroom Open House Saturday
October 26th 1-4pm
4 Bedroom Home in Aliso Viejo Open House Saturday. Highly upgraded home, great condition in the Tiburon Community. This home is Must see! one of the Largest models in the tract, Upgraded Gourmet Kitchen Open To the Family Room with a huge living room nice and bright. gorgeous back yard with hot tub, waterfall, flagstone decking around spa and built in barbecue. 4th bedroom currently used as a loft/office.
Buyer optimism is up.
So what does that mean?
- For starters main street is coming around. After 1 year of getting outbid by cash purchasers, buyers have an opportunity at getting in a home they desire.(obviously at higher prices)
This does not mean it is too late. It is just too late if you plan on buying a home only to resell in a couple months to a couple years. Those big profits would have been 2 years to about 8 months ago.
4 Lanterna Aliso Viejo – $645,000
This model perfect home in Aliso Viejo has been beautifully upgraded throughout. The custom porcelain wood accented flooring leads to a gorgeous eat in kitchen with granite counter tops, brand new stainless steel appliances, and a center Island with seating for up to six people. Open the windows and enjoy the coastal breeze that comes in from the canyon, or take advantage of the California Shutters to provide an intimate environment. The upstairs has a laundry room with open hallways leading to four bedrooms, including a spacious master suite with a Jacuzzi tub. The home has been freshly painted inside and out and the brand new vinyl fencing provides privacy in the backyard. Relax in the quaint community laying out by the large pool or unwind in the hot tub. Around the corner you will find breathtaking views of the Aliso Wilderness Park, where you can hike or mountain bike to Laguna Beach.
Below are the last steps(4 and 5) on how to purchase a home in Orange County.
Negotiate the Offer
Buyers sometimes make the mistake of comparing the sales price of a home to other homes they have seen. It’s a mistake to compare sales prices among homes for sale. That’s because sellers can ask any price they want. It doesn’t mean the home will sell at that price.
- An agent can provide comparable sales and examine the pending sales. Comparable sales are similar type homes in the same condition and location that have sold within the past 3 months
- Pending sales will become the comparable sales by the time your home closes.
You may need to pay over list price in a seller’s market(Orange County is experiencing a very aggressive Sellers’ market) , many buyer are bidding on the same property. This will bring bidding wars and bring in offers above asking and even above market prices.
- Your agent can give you a reasonable price range and help to manage your expectations.
- A good buyer’s agent knows there is always more to an offer than its price, but price is paramount.
Do a Home Inspection
In CA a home inspection is a contract contingency.
- A contract contingency means a buyer has the right to cancel the contract.
- You might not want to be locked in to buying a home that has a faulty foundation, for example
- This can be waived but is unadvisable. REOs and Short Sales are sold “AS IS” meaning you can still perform an inspection and back out of the contract, but the Bank will not do the repairs
- Contingencies will be released once both parties have been satisfied with the offer(for the seller) and the home condition(for the buyer)
- When contengencies are released you have a mutually and fiscal measures can be taken
Sellers are generally not required to make repairs if problems are discovered during a home inspection. A home inspection is for the buyer’s edification. However, sometimes when a buyer gives a Request for Repair to the seller, rather than blow the deal, the seller will often agree to make a repair.
In Orange County the sellers are refusing almost all request because they know the can most likely get a even higher price if the buyer backs out. The reason for this is Orange County has seen a 30% year over year appreciation in homes since June of 2012. That is an average of nearly 3% a month and possibly more in the most recent months. The largest wave of appreciation has happened since the beginning of the year.
This is just the simplified version of purchasing a home and I hope that this can give you potential future holders of the American Dream a plan of action. I am always available so fell free to call or email me.