buyers: Real Estate Market for Mission Viejo, CA - 05/19/09 03:03 AM
Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is over 95,000
Total Active on the market
       4/19//09- - 205 detached houses.               5/19/09- - 189 detached houses.
Short Sale Active
       4/19/09- -63 out of 205                            5/19/09- - 49 out of 189
REO Active
      4/19/09-- 7 out of 205                               4/19/09- - 7 out of 189
In Default Active properties
      4/19/09- - 6 out of 205                              4/19/09- - 6 out of 189
That leaves 126 out of 189 as equity sellers for 5/19/09
May has changed a small amount 126 … (1 comments)

buyers: Will the GREAT Buys of 4 Months ago Come Back? - 05/14/09 09:54 AM
Mission Viejo has a total of 317 houses For Sale right now. There are only 10 REOs in that total, this amazes me! It wasn't like that 4 months ago, even worse 6 months ago, so what happened? Everyone got out of all the bad loans and moved on or they were able to refi and stayed in their homes. 
Now we have buyers wanting to get those fantastic deals and we don't have any to sell them. The ones that are available and priced correctly sell for over asking, with multiple offers. Will we have an aboundance again in the near future? I for one hope … (0 comments)

buyers: The Power to Buy More House Now! - 05/08/09 07:03 AM
Sellers that want to be buyers of a larger home should proceed with process now. They have an opportunity to buy a bigger and better house now than they did 2 or 3 years ago. This is the time they should be looking to upgrade to the larger home from their starter house. They need to take advantage of the lower prices and great interest rate that are now available to get more for their money. Once they sell their starter home they will be in the best bargaining posistion and the power will be on their side.
When they move up to that … (0 comments)

buyers: Sellers and Buyers are Realizing the Market is Good! - 05/05/09 10:50 AM
The move is on! There are buyers out there looking to purchase a home, this is good! It may be the summer rush or that consumers realize the prices are good. In the past week more inquires for what is on the market and what the prices are doing. Prospects are signing on my web site to do searches from the MLS and checking to see if they can qualify for a loan.
There aren't very many REOs available right now in Mission Viejo,Lake Forest  or other parts of Orange County. In Jan. you could of purchased a single family 3 bedroom … (0 comments)

buyers: Market Report!! Mission Viejo is Short on REOs!! - 04/29/09 10:56 AM
I have noticed that the lower priced detached homes are not going down in price in Mission Viejo or Lake Forest CA. In the last 2 months there have not been many REOs available which would of made the bottom line lower. We have within the 2 cities 542 houses total available today and only 23 of those are REOs, that means that less than 1/2% are Lender owned properties. The news media doesn't look at each city and see that we are getting better.
Now looking at sold properties for Nov. and Dec., total sales were 327 and of that amount, lender … (0 comments)

buyers: Orange County Median Price Goes Up! - 04/24/09 08:08 AM
Well, O.C. Mission Viejo and communities surrounding it ,did it again. Home prices are up! Median price was up $15,000 in March since Jan 1, 2009 reaching $385,000 and the volume rose 46.3 percent from one year ago. Orange County Register is saying it may be setting up for the bottom but not yet. The default figures are up for March as well, making it clear that there are more distressed houses coming on the market soon. Defaults have been on hold and as they are released we will see a new wave of REOs. The one thing about REOs is they are … (1 comments)

buyers: Housing in Mission Viejo, REOs where have they gone? - 04/15/09 10:06 AM
I have been keeping track of REOs in Mission Viejo and Lake Forest, CA and they are drying up. Nov. and Dec. there were 128 REOs sold. Jan. and Feb. 2009 there were 88 REOs sold. It is WOW! Now lets look at what is on the market for the same area in March and April. How about only 24 available and 69 are in escrow. This good news for South Orange County!
There was at one time an abundance of low priced properties under $400,000 vacant and bank owned. I have personally shown properties that where on the market as REOs for only … (3 comments)

buyers: Home Buyers Fair Southern California!! FREE! FREE! April 18th & 19th - 04/10/09 10:48 AM
This is something all home buyers should attend. You can get all your answers in one place!
Where? Los Angeles Convention Center in downtown Los Angeles.
The Southern California Home Buyer's Fair is being co-sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® and the Los Angeles Times. This free, two-day trade show and educational forum was expressly created to give you all of the information you need to successfully navigate the road to homeownership -- whether you're a first-time buyer, investor, or existing homeowner looking for the most up-to-date information about today's real estate market.Educational seminars include "How to Find and Work … (0 comments)

buyers: How to Shop for a HOUSE! - 04/01/09 02:49 PM
I tell buyers to make a list of everything they have to have and do their best to get them all.
Before house hunting, make a list of nine things you want in the new place. Then make a list of the nine things you don't want. I call this
                             "NINE OF THIS AND NONE OF THAT".
You can use this list as a score card to rate each property that you see. The one with the biggest score I WANT THIS wins! This helps avoid confusion and keeps things in perspective when you're comparing dozens of homes. When you … (3 comments)

buyers: Promote Yourself on the Internet! Real Estate! - 03/24/09 11:49 AM
I just wanted to share with you what I have been up to in regards to blogging. I started this year with my goal to make my presents on the internet know and to work on it 5 days a week. At first it took a lot of time and now it is easier. I do some work in the morning while I have my first cup of coffee.  You know, emails, answer questions, check to see what is going on with others then go to all my online sites and do some reading. I am reading becase I have SO much … (2 comments)

buyers: Good News for Housing! - 03/23/09 05:28 AM
Existing home sales went up in Feb 5.1% over Jan. sales. Buyers are taking advantage of the lower prices.
Sales had been expected to be lower during this time. Annual rate of homes sold was now at 4.72 million for last month. It is the largest increase in slaes since 2003. Entre level home buyers are getting in on the low prices of distressed sales. This portion of prices accounts for 40 to 45 % of the sales.
Feb. median price rose a small amount over Jan. price which had recorded the lowest price since 2002. We are still down 28% … (0 comments)

buyers: Web Site to Use Searching A City for Data or School Dynamics! CA! - 03/20/09 06:53 AM
Just to give you a web site to shop neighborhoods by cities like Mission Viejo or Lake Forest in CA. You get information on how many rentals or how many owners live there, income for the area, age of properties. This is information everyone needs to know when moving to a new area.
http://www.qpmcentral.com/VAL/val_neighborhood-info.htm
 The state has a web site where you put the address in and it will tell you the dynamics pertaining to the schools that you child would be attending. Searching the school can tell you if that is where you want to raise your child or if another school district would … (0 comments)

buyers: Prices Meeting In the Middle, Seller too High! BuyerToo Low! - 03/14/09 04:07 AM
Buyers and sellers have a different view as to what the price should be. Sellers want to sell higher than buyers want to buy. The trick is getting the price to meet in the gap and all parties to the transaction to be happy in the end.
Buyers are scared that they will over pay and that prices will continue to drop. Getting them to realize they are buying for a place to live and raise a family. This is not something anyone should purchase for a quick buck or thinking it will go up in the near future.
The best … (0 comments)

buyers: Best Site for Tax Credit Information! - 02/20/09 04:20 AM
I just got this on my FACEBOOK page from Thai Klam and it is one of the best sites I have seem for explaining the TAX CREDIT and answering questions. It is easy reading.
http://www.federalhousingtaxcredit.com/2009/faq.php#18#18
… (1 comments)

buyers: What We Should Be Doing for Our Clients! - 02/10/09 08:50 AM
Just wanted to give an over view of what we really do.
The competitive edge is developed by educating the seller on and about the entire sales process and the critical functions you each should perform from start to finish for each of your clients. Before you can do that it is necessary to go though and take a look at all that you provide during a transaction. It is not unusual for agents to grossly underestimate the amount of time they put in until they break down the sales process into distinct events. Consider the following example of benchmarks and … (3 comments)

buyers: Congress should set limits on banks bonuses! - 02/09/09 06:35 AM
Just received this and thought if any of you want to add anything to the discussion click on the link below and give you opinion.
Subject: Help stop Wall Street's Greed Hi, Did you hear that Wall Street gave out $18.4 billion in bonuses in 2008? $18.4 billion to the people who crippled our economy with their recklessness and greed and then took $700 billion of our money. Outrageous, right? Well, I just signed a petition urging Congress to put enforceable, common-sense limits on salaries at all the banks taking taxpayer dollars.
Can you join me at the link below?
 http://pol.moveon.org/bonus/?r_by=15529-15100068-ks5F3gx&rc=paste … (1 comments)

buyers: How is the Market doing in Your Area? - 02/08/09 01:23 PM
Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is close to 95.000
Total Avtive on the market for Sale 216 detached houses.
Short Sale Active 75 out of 216
REO Active 8 out of 216
In Default Active properties 8 out of 216
That leaves 125 out of 216 as equity sellers.
This really looks pretty good. The REOs and Short Sales are really down a lot from what was going on last summer.
Let me know how things are going in your market.
 
… (1 comments)

buyers: Mallorca On Lake Mission Viejo! - 02/07/09 01:00 PM
Picturesque scenic views of the mountains and lake awaits you at the Mallorca Condominiums. Stacked on the hillside along the west bank of Lake Mission Viejo, it gives you the feel and look of a European village. Small quaint shopping center with one of a kind shops and local restaurants are within walking distance.
  
Year around Resort-like living is within a 24 hr gate guarded community of Mallorca. It has 2 Association Pools/Spas and its very own PRIVATE SANDY BEACH, for residents only, plus picnic area and boat slips! You also get to enjoy all the Mission Viejo Lake privileges … (0 comments)

buyers: What to do Till You Are Ready to Buy! - 02/03/09 01:38 PM
This letter is to future buyers. O.K. you want to own a home and you want to make the right choice. Have you done your home work?Location and Price are your first concerns. Do you want to live close to work? This should be a consideration. Research the area for good neighborhoods, good schools and shopping close by. Don't rule out an area because you think it has negative demographics. Check out, if it is in the process of changing. I feel that there will be more movement towards older neighborhoods, closer to work and that they will become safer and … (0 comments)

buyers: Homes Close to Lake Mission Viejo! Check Them Out! - 02/02/09 10:52 AM
A uniquely located community is the Andalusía homes with 5 models and a total of 400 homes built between 1979 and 1983. They are situated within the triangle that uncompress' Lake Mission Viejo.  The perimeter of the triangle is measures 3.1 of a mile and is the favorite walking path of 100s of walkers each day. The homes are at the top corner which then gently slops downward to the lake giving many homes in the development wonderful views.
The architectural design of these homes gives them a massive appearance for their size, which is 2,300 to 3,800 sqft. These homes … (0 comments)