Orange County Real Estate News

 

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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Posted in Market Updates
July 7, 2017

Tip No. 24 - Know Your Hidden Costs

Home Buyers: How to Identify Hidden Costs and Avoid Paying Too Much for Your Home

There’s more to buying a home than the mortgage. Don’t forget to factor in mortgage insurance, appraisal fees, inspection fees, transfer taxes, title insurance and every other dollar you’ll have to spend in order to know what you’re really paying for your new Laguna Woods, Palmia or Casta del Sol home.

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Posted in Orange County Blog
July 5, 2017

Tip No. 23 - Make Sure You Get a Written Disclosure of All Known Defects

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

The good news for buyers looking to buy an Active Adult 55+ Community property, either in Laguna Woods, Casta del Sol or Palmia,  is that the law requires sellers to make complete written disclosure of known material defects. Make sure you get it in writing. And carefully consider how these defects might affect what you’re willing to pay for your Active Adult Community home.

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Posted in Real Estate Laws
July 3, 2017

Tip No. 22 - Stay Out of Bidding Wars

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

Sometimes, the seller’s Realtor® will try to scare a hesitant buyer with the threat of another serious potential buyer. Don’t fall into this trap—it will only cost you money. If there is another buyer, then the seller’s agent will try to get a bidding war going. In these situations, whoever wins also loses because the buyer ends up overpaying for their Laguna Woods, Laguna Woods Village, Palmia or Casta del Sol property.

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Posted in Orange County Blog
June 30, 2017

Tip No. 21 - Don’t Be Afraid to Negotiate

Home Buyers: How to Avoid Paying Too Much for Your Orange County Retirement Community Home

Orange County retirement communities. You may be the type of person who prefers a hard-and-fast price tag on everything. “I don’t like to haggle,” you say. But negotiation is the key to getting a good deal. If your goal is to get the best home possible in one of the coveted communities of Laguna Woods, Casta del Sol, Palmia or Laguna Woods Village, and for the least amount of money, then you had better be prepared to play.

This is Tip 21 of a series of 24. Watch Melanie Callahan's blog for upcoming helpful tips on how to maximize your return on investment when you do buy (and later, sell) your Laguna Woods, Palmia, Laguna Woods Village or Casta del Sol home.

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June 28, 2017

Tip No. 20 - Don’t Be Pressured Into a Quick Deal if it Doesn’t Feel Right

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

While you want to move expeditiously once you’re in negotiations, don’t let the other side pressure you into a quick close. It may be a sign that there’s something you should know, but don’t. And the reason could be worth money when you are searching for a Laguna Woods, Casta del Sol, Palmia or Laguna Woods Village property.

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Posted in Uncategorized
June 26, 2017

Tip No. 19 - Check Your Emotions at the Door During Negotiations

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

One of the costliest mistakes you can make is letting the sellers know how much you love their Laguna Woods, Palmia or Casta del Sol home. Once you’ve let it slip, you can just about forget about negotiating the price—the other side knows how motivated you are. In fact, a seller may see it as an opportunity to squeeze a little more money out of you even when you’ve made a good offer to start.

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Posted in Uncategorized
June 23, 2017

Tip No. 18 - Use Time to Your Advantage

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

Just as you have a time frame in which you wish to buy, the seller almost certainly has a deadline of his own. If you can learn the seller’s deadline, it’s another piece of information that can be used to negotiate a better deal on your Laguna Woods home or other Active Adult 55+ Community properties.

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Posted in Uncategorized
June 21, 2017

Tip No. 17 - Keep Your Own Situation to Yourself

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

Other signs of a motivated seller include a vacant house, or a house that’s been on the market for several months with several reductions in the asking price.

Information can be used against you as well. How much you’re willing to spend, the size of mortgage you can afford, your move-in deadline—it all can be used to extract more money out of your pocket. Be sure to tell your agent everything he or she needs to know to be effective on your behalf—how much you have for a down payment, the size of the mortgage you can afford, etc. However, keep your personal circumstances and timeline to yourself when purchasing a home in Laguna Woods Village, Casta del Sol, Palmia or Laguna Woods proper.

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Posted in Uncategorized
June 19, 2017

Tip No. 16 - Learn As Much As You Can About the Seller’s Situation

Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

It’s true what they say: Knowledge is power. The reasons behind a home sale in Laguna Woods, Casta del Sol, Palmia, or Laguna Woods Village, can often be used to your competitive advantage during negotiations. For example, a seller whose company has transferred him to another city is probably more motivated to sell than someone who is still looking for a new home.

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Posted in Uncategorized