Top Newport Heights Homes at Newport Beach CA Real Estate - 09/29/11 05:38 PM

 
NEWPORT HEIGHTS is a famous and sought after area for home buyers at Newport Beach and Orange County CA.
 
NEWPORT HEIGHTS is located south of 16th Street, east of Newport Blvd, west of Dover and inland north of Pacific Coast Highway ~ Live at Newport Beach  
        Newport Heights home with ocean views ~ $1,294,000 ~ 3 bedrooms and 2 baths ~ MLS# U11003104 ~ IDX link  
 
Click here to see active link to all NEWPORT HEIGHTS homes now listed for sale.
        Newport Heights contemporary custom home with ocean views - $1,995,000 - 5 bedrooms and 6 baths - MLS# … (0 comments)

Congress Will Allow FHA Loan Limits to Drop and Harm to Housing Markets - 09/29/11 01:54 PM
 
U.S. Congress is expected to allow FHA loan limits to drop starting on October 1, 2011. 
When those FHA loan limits are dropped, the government lending system will revert to 2008 levels and injure the struggling real estate industry. 
Current loan limits expire on September 30 and will drop from 125 percent of the area median home sold price (and a top limit of $729,750 at Orange County, CA) to 115 percent of area home price and a top limit of $625,500.
This drop of loan limits will hurt real estate, and leaders are looking for another opportunity to get them back … (3 comments)

Turtle Rock Village Homes at Irvine CA Real Estate - 09/28/11 11:53 AM
      TURTLE ROCK VILLAGE at Irvine CA is a beautiful place and offers excellent property opportunities for buyers.  TURTLE ROCK village was developed by The Irvine company with new homes originally built between 1971 AND 1992.
 
 
 
68 TURTLE ROCK home at Irvine CA real estate were sold so far this year and had average sold price of $927,591.
Click here for free active link to TURTLE ROCK at Irvine single family homes now listed. 
        Turtle Rock Crest home - $2,298,000 - 5 bedrooms and 3 baths - MLS# S673451 - IDX link          
 
… (0 comments)

Irvine and Orange County CA Distressed Property Owners Should Avoid Foreclosures - 09/20/11 11:52 AM
 
IRVINE and ORANGE COUNTY CA distressed property owners should plan and AVOID FORECLOSURE.
These IRVINE CA properties went to foreclosure, were sold back to the banks, and became REOs during the past 30 days: 
3126 Watermarke - on 9/8/2011  2415 Watermarke - on 9/14/2011  5 Bowie - on 9/14/2011  103 Sapphire #36 - on 9/7/2011  8040 Scholarship - on 9/7/2011  5021 Barkwood - on 9/1/2011  27 Tarocco - on 8/29/2011  170 Hayward - on 8/24/2011  17352 Rosewood - on 8/25/2011  14931 Dahlquist - on 8/17/2011  Don't let this happen to you.  If you are an IRVINE or ORANGE COUNTY CA distressed property owner, … (0 comments)

Avoiding Common Real Estate Investor Mistakes - 09/19/11 02:10 PM
 
Investing in real estate can be profitable, but owning rentals is time-consuming, expensive and challenging. 
Real estate investors should get educated, plan and strategize, and AVOID MAKING COMMON MISTAKES:

Mistake 1:  CONFUSING A CHEAP DEAL FOR A GOOD DEAL
You must research the market, know your competition as landlord, and make sure you can rent out the property at range price after buying it. 
Mistake 2:  OVERLOOKING KEY COSTS
Investor buyers should factor in buyer closing costs of three to six percent, costs to fix up the property, costs to maintain, and holding costs.  Then add profit you expect to make, closing costs on … (4 comments)

Short Sales are Selling at Irvine Ca Real Estate - 09/19/11 02:02 AM

 
Short sale properties are selling at IRVINE CA REAL ESTATE.
297 Irvine short sale homes have sold with closed escrows so far this year, which is about 35 Irvine short sales sold per month.  Average sold price for those was $511,789.
36 Irvine short sales sold during August 2011, and those had average sold price of $550,386.  That's a modest increase of 9 percent from short sales sold same time during August 2010.
Click here for active link to all IRVINE CA SHORT SALE LISTINGS. 
      Bontanica home at Turtle Ridge Irvine - short sale - $1,749,000 - 5 bedrooms and … (2 comments)

First Time Home Buyers Should Think Location and Property Future - 09/18/11 11:20 AM
 
First time Orange County CA home buyers should think about location of the property and the future.
It's impossible to perfectly predict the future of your chosen neighborhood, but paying attention to the information that is available to you now can help you avoid unpleasant surprises down the road.
Some questions you should ask about your prospective property include:
What kind of development plans are in the works for your neighborhood?  Is your street likely to become a major street or a popular rush-hour shortcut?  Will a highway be built in your backyard in five years?  What are the zoning … (6 comments)

Orange County CA Home Sales Positive Numbers during August 2011 - 09/16/11 03:54 PM

 
Positive numbers at Orange County CA home selling market during August 2011 are encouraging.
However, Orange County housing markets remain unstable, and it's hard to tell what is an anomaly or start of a positive trend.
2,780 OC homes sold during August 2011, which is up 9.5 percent from August 2010.   1,834 detached single family homes sold during August 2011, which is up 13.1 percent from last year. 793 condo homes were resold during August 2011, which is about the same as last year.  153 new homes were sold (5.5 percent of total sold market). Sales of homes over $700k was down more than … (2 comments)

Top OC Short Sales at Newport Beach CA Real Estate - 09/16/11 01:51 AM
 
Some Newport Beach CA distressed property owners needed foreclosure avoidance and turned to SHORT SALES. 
CLICK HERE to see active link to all NEWPORT BEACH CA detached home SHORT SALE LISTINGS. 
        Harbor Ridge home at Newport Beach - $4,100,000 - 5 bedrooms and 9 baths - MLS# U11001871 - IDX link                             One Ford Road at Newport Beach short sale listing - $1,725,000 - 3 bedrooms and 3 baths - MLS# U10001639 - IDX link                             Eastbluff … (2 comments)

Irvine CA City Council Approves Developer Agreement for New Homes Near OC Great Park - 09/15/11 03:22 PM

 
The Irvine CA City Council on September 13, 2011, approved an agreement requiring a developer of homes at adjoining property near the Orange County Great Park to provide $40.5 million in funding over the next six years to the city.

This agreement also requires Heritage Fields El Toro LLC — developer of Great Park Neighborhoods, with 4,900 new homes proposed, which will be around the Great Park by 2013 — to speed up construction of park and neighborhood infrastructure, build two hotels and a $5 million joint welcome center for the park and neighborhoods.
The agreement also reduced the size of planned Upper Canyon … (2 comments)

Right to Rent at a California Common Interest Development - 09/14/11 02:45 PM
 
New California "RIGHT TO RENT" law at common interest developments (CIDs) is expected to protect private property rights of individual owners.
Thanks to California Association of Realtors for sponsoring SB 150 on RIGHT TO RENT at a common interest developments. 
This senate bill 150 was signed into law by Gov. Brown, chaptered as new law during July, and will be effective on January 1, 2012.   
There had been a trend among some homeowner associations in California to adopt restrictions that limit the ability of unit owners to rent their dwellings in Common Interest Developments (CIDs). 
 
 
 
The California Association of Realtors contended that imposition of these private rental restrictions … (10 comments)

Magnificent Newport Coast Homes for Lease at Newport Beach Real Estate - 09/14/11 01:23 AM

 
Newport Coast is a part of Newport Beach and an important area for Real Estate with some of the most magnificent homes for lease and rent. 
          Vista Luci home at Newport Coast ~ $14,500 per month ~ 5 bedrooms and 5 baths ~ MLS# S648385 ~ IDX link                       Deep Sea home at Newport Coast ~ $26,500 per month ~ 7 bedrooms and 10 baths ~ MLS# U11003398 - IDX link        Dunes home at Newport Coast ~ $12,900 per month ~ 5 bedrooms and 6 baths ~ MLS #U11003725 ~ IDX … (0 comments)

Woodbridge Village Homes Selling at Irvine CA Real Estate - 09/09/11 03:34 PM

 
Woodbridge Village at Irvine CA is located at the center of the city ~ has quality residential communities with good schools ~ and was developed with about 9,000 homes surrounding two lakes by The Irvine Company. 
 
187 Woodbridge village homes at Irvine CA real estate were sold so far this year 2011 with average sold price of $493,130.
42 of those Woodbridge sold homes at Irvine were detached single family with average sold price of $744,845 ~ others sold were attached and condo homes.
Click here for free active link to Woodbridge Village at Irvine single family homes now listed. 
 
        Woodbridge home … (2 comments)

Lake Forest Ca Real Estate Foreclosures Should be Stopped with Short Sales - 09/08/11 02:49 AM
 
Lake Forest CA home foreclosures should be stopped by owners doing SHORT SALES.  
There are 150 Lake Forest CA properties now scheduled for trustee sale auctions after foreclosure at some time during the upcoming 6 weeks. A SHORT SALE is where the homeowner owes more on the loans and liens than the value of the property, or that the owner has financial challenges and is no longer able to keep up with payment to lenders. 
Whether a SHORT SALE or another foreclosure alternative is right for you as Lake Forest CA homeowner is up to you and should be determined after consultation with your Realtor, … (2 comments)

FHA Loan Limits Expected to be Reduced October 1, 2011 - 09/07/11 09:18 PM
Home buyers will get accustomed to this change re Federal Housing Administration (FHA) loan limits to be dropped starting on October 1, 2011, and it will be painful for some.
 
Congress raised the FHA loan limit amount in response to the housing crisis more than two years ago.  FHA loans offer borrowers competitive rates and terms, and only require a 3.5% down payment.  Allowable debt ratios are higher than the typical debt-ratio limits imposed for conventional loans, and there are no income limit qualifications, so more people can qualify for them.If the FHA loan limit drops on October 1, 2011, many California home … (3 comments)

Orange County CA Home Buyers Still Like Incredibly Low Mortgage Rates - 09/06/11 01:07 AM

 
Orange County CA homebuyers aren't bored with incredibly low mortgage rates and continue to be happy about their opportunities.
 
The average rate on a 15-year fixed mortgage conforming loan has fallen to 3.25 percent (loan up to $417k with one point paid by borrower) 

 
The average mortgage rate on the 30-year conforming fixed loan fell to about 4 percent (loan up to $417k with one point paid by borrower).  
If you are a prospective home buyer, get organized now and contact your local mortgage broker for loan qualification.
_________________________________________________
  If you are in Orange County CA, contact … (4 comments)

Costa Mesa Top Short Sale Picks at Costa Mesa CA Real Estate - 09/05/11 02:49 AM
  
Costa Mesa CA real estate is being tested with more distressed properties on the market. 
Costa Mesa has 64 short sales listed as of today, September 4, 2011 ~ which is 29.4 percent of the market of all 216 for sale Costa Mesa listings.  
      $850,000 ~ Costa Mesa Pacific home - short sale - 3 bedrooms and 4 baths - MLS# S669768 - IDX link               Click here to see free link to all current COSTA MESA CA SHORT SALE listings.  
        $460,249 - Central Costa Mesa - short sale - 3 bedrooms and 2 baths … (0 comments)

Irvine Home Buying During August 2011 at Irvine CA Real Estate - 09/04/11 05:56 PM

  
Irvine CA home buyers snagged and closed escrow on 184 homes last month during August 2011, with average sold price of $631,710.
(So buyers paid $11,623,464 for Irvine resale homes during the month of August at Irvine CA real estate).
92 of those Irvine CA resold homes were detached (fifty percent of solds), and others were attached homes and condos.
August 2011 Irvine home resales were only 5 percent down from last year August 2010 when Irvine sold 175 homes, with average sold price of $661,418.

36 of the Irvine CA homes sold August 2011 were short sales (19.5 percent … (0 comments)

CA Governor Signed AB771 New Law Preventing Gouging of Condominium/Townhome Buyers - 09/02/11 06:36 PM
 CA Governor Brown has signed AB771 - new law Preventing Gouging of Condominium/Townhome Buyers.
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued its press release and applauded Gov. Brown for signing AB 771, a bill that prevents home buyers in a common interest development (CID), such as a condominium or townhome, from being charged excess document fees. 
Homeowner associations (HOAs) in CA are required to provide specific documents to prospective purchasers of homes in a CID (common interest development) - a form of real estate ownership in which each homeowner has an exclusive interest in a unit and a shared interest in the common … (2 comments)

Distressed Home and Real Estate Owners Need Service and Help - 09/02/11 04:58 PM
 
We like to help Orange County CA distressed home and property owners ~ that they would have valued information and know about alternatives to AVOID FORECLOSURE.
Distressed owners need information and help with alternatives, so they can work out strategy as early as possible to avoid foreclosure.
Orange County CA distressed owners should consult with an accountant, income tax professional or attorney, about various tax ramifications of a foreclosure, short sale or strategic default. 
 
Our business in real estate is about helping people. 
Distressed owners should be advised about risk that they could be sued by lenders for deficiency after foreclosure or after improperly completed … (0 comments)

 
Long_harrison_11-21-2011 Rainmaker_large

Harrison K. Long, business, REALTOR®, GRI, Broker

Harrison K. Long

Irvine, CA

More about me…

Coldwell Banker Previews, Irvine, South OC

Address: 6833 Quail Hill Parkway, Irvine, CA, 92603

Office Phone: (949) 854-7747

Cell Phone: (949) 701-2515

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