rancho santa margarita: This Recovery Will Be Different - Here's Why - 11/19/09 09:58 AM
The low end of the market is on fire with multiple offers and low inventory.
The medium to higher priced homes are languishing, still falling in value.
In past recoveries, sales started at the low end, and those sellers bought up. It seems logical that this will happen each and every … (0 comments)
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rancho santa margarita: Why This Recovery Is Different than Past Recoveries - 11/19/09 09:22 AM
The low end of the market is on fire right now. There are a ton of first time buyers AND investors snapping up the lower priced inventory. The medium to high price homes are another story.
In past recoveries as the market recovered, sales at the bottom portion of the market … (0 comments)
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rancho santa margarita: Paint Opinions Wanted - help me choose - 11/17/09 04:30 PM
Ok, so it's time to paint the inside of our house.
It's been the builders white since we bought it almost 15 years ago. It was nice, and easy to touch up. The paint still looks new, but we are ready for a new look.
We are going with a light … (2 comments)
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rancho santa margarita: Why the Tax Credit is a Good Idea and Why Congress Should Extend it. - 11/02/09 09:45 AM
It's been said hear on AR that Tax payers will be repaying the Real Estate Tax Credit for generations. That may be true. It's also been said that it artificially manipulates the housing market and is doomed to fail!
Look, the market has been manipulated since congress allowed the mortgage interest deduction and … (2 comments)
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rancho santa margarita: Halloween - my wife's Birthday - always makes it extra fun.... - 10/27/09 12:33 AM
My wife loves to decorate for the holidays - especially Halloween.
She likes to dress up (usually as a witch).
This year we'll be handing out treats to the trick or treaters coming to our door.
My costume is simple - one of 3 latex masks - Weir wolf, Gorilla, or … (0 comments)
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rancho santa margarita: Rancho Santa Margarita Home Sales - Prices Improve - 10/18/09 11:37 AM
Have we reached the bottom?
Have prices started to climb?
I did a quick comparison of sold condos for 3 different time frames in Rancho Santa Margarita. I looked at condos from 900 to 1200 square feet. I pulled sales data from the three following time frames:
12/1/2008 through 1/31/2009
1/1/2009 … (0 comments)
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rancho santa margarita: What Price Level are the RSM Homes selling at? - 09/21/09 02:25 PM
Stats are from the 1st. of the year - 09 through today 9/21/09 in Rancho Santa Margarita, Closed Sales.
Of 557 sales - below is the break down by price....
0 to 100K (those were the days) 2 sales
100 - 200K - 46 sales
200 - 300K - 109 sales
… (0 comments)
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rancho santa margarita: Short Sales - Mostly at the lower end of the Market in So Cal. RSM - 09/21/09 02:10 PM
It seems like ALL of the listings in Rancho Santa Margarita are short sales, when in reality only about 1/2 are. 74 short sales vs 79 Non- Short Sales.
BUT - if you look at listings up to 250K (one bedroom, and maybe two bedroom condos), the story is completely different.
$250K … (0 comments)
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rancho santa margarita: Short Sales vs Non-Short Sales in Rancho Santa Margarita - Surprise! - 09/21/09 02:02 PM
So - What percentage of homes that were listed as short sales actually end up selling as short sales?
In my very un-scientific study, I found that about 60% sell.
That was very suprising as I thought only about 20% would have sold based on what I have been told by … (0 comments)
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rancho santa margarita: Real Estate Sales Are Really Picking Up - 08/20/09 01:22 PM
Besides selling Real Estate, I also do a lot of BPOs (broker Price Opinions).
There are always 6 requirements for doing BPOs, 3 Active Listings and 3 closed sales that are in close proximity and similar description to the subject property. The closed sales need to be within 6 months, preferably … (0 comments)
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rancho santa margarita: Community Garage Sale This Weekend in Rancho Santa Margarita - 06/11/09 01:52 PM
This Saturday I have the privilege of hosting my neiborhood's annual Community Garage Sale.
It's a LOT of work, and it's not particularly cheap, but I enjoy helping my community and the PR can't hurt my business.
The sale will be Saturday June 13Th. from 7:00AM to 2:00PM
If you are … (0 comments)
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rancho santa margarita: FHA POINTS - an old story - 04/24/09 01:56 AM
Years ago, I was representing a seller on the sale of her home. It was customary, even required if I remember right, that on FHA loans, the seller had to pay the points. On this particular sale, mortgage rates were going up VERY fast. We are talking about the mid 1980's. … (0 comments)
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rancho santa margarita: Rancho Santa Margarita Narrow Stats 1400 to 1500 SqFt. Mar 08 vs. Mar 09 - 03/31/09 08:09 PM
Ok, so this is a VERY small slice of the market, but for me, it's relative since I have a listing in this size category.
There were 3 detached homes between 1400SqFt and 1500SqFt that closed escrow between March 1 2008 and Mar 31st 2008.
The average sale price was $470,000
There … (0 comments)
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rancho santa margarita: Amazing Location, Great Price and NOT a Short Sale - Check it Out in Mission Viejo - 03/31/09 07:46 PM
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rancho santa margarita: Dirty Grout and How to Fix It with Grout Stain - It Really is Amazing - 03/30/09 11:25 PM
So, your client has 4" ceramic tile in the kitchen. Once all the rage and actually coming back in some areas, but what about the grout. It gets REALLY dirty, even if you are a clean freak.
One of the best things I've found for cleaning it is straight bleach. Be … (0 comments)
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rancho santa margarita: Buyer's - Please Don't Offer to Buy a Home if you Don't Really Intend on Closing - 03/22/09 07:51 PM
I won't go into details so that I can protect those involved, but darn it, why are so many buyers making offers on homes, then deciding, almost on a whim, that they really don't want to buy after all. Fellow Realtors, tell your buyers that putting in an offer to buy … (1 comments)
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rancho santa margarita: Your Computer Data - Are YOU Backed up? How I lost over 300GB (& got it back) - 03/22/09 07:40 PM
Go to the bottom to skip the technical details, see - "SKIP TO HERE:"
During my 30 years as a licensed Realtor, I sometimes worked Real Estate on the side while working in the tech field. The only thing I have been involved in longer than Real Estate has been computers. I … (0 comments)
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rancho santa margarita: Once in a Life Time Property in this Price Range - 03/11/09 12:12 AM
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rancho santa margarita: Question - what are you doing differently today than you were 5 years ago? - 03/02/09 09:23 AM
Have you been in Real Estate sales for a few years?
Have you noticed things have changed a little over the last 5 years?
What one thing are you doing differently now than you did 5 years ago?
I'm using client gateways, blogging, a LOT of emailing, running statistics, and keeping … (0 comments)
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rancho santa margarita: We are having a sale! - 03/02/09 09:21 AM
Yep - Real Estate in South Orange county is On Sale.
Prices Slashed 10, 20, 30 even 40%!
But wait, there is MORE.....
Interest rates are close to all time lows!
Anyone with money in the bank, a good job with plenty of income can now buy a home at a … (0 comments)
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