Local Real Estate 
This blog category contains entries related to local real estate.
There are currently 60 blog entries related to this category.
Quick Tip for Getting Rid of Smells in Your Condo!
Tuesday, January 15th, 2013 at 8:04pm. 48 Views, 0 Comments.
We come across alot of smells in our orange county condos ... mostly smells from different kinds of ethnic foods .. maybe smells of smoke .. but one thing that we found that will take out that smell for almost free - is Vinegar!
Vinegar will neutralize odors and cutt back on dust too by the way .. to get rid of smells .. really simple tip .. boil a cup of vinegar in 2 gups of water and in 15 minutes, voila .. smell will be gone ..
Do you have a tip to share? email us at veronica@condosetc.com! we would love to hear and share!
Orange County Real Estate Market Update!
Friday, November 30th, 2012 at 11:23am. 79 Views, 0 Comments.
Just as the real estate market depends upon the neighborhood, the price range is an extremely important factor too.
Three Distinct Markets: Every price range has dramatically improved in the past year, but some ranges are hotter than others.
Let’s start with the hottest price range and the most hype, homes below $750,000. Of course the hype is well deserved. Homes below $750,000 account for 57% of current active listing inventory, an astounding 82% of demand, and an expected market time of just 24 days. That means that homes priced above the range account for 43% of the listing inventory and only 18% of demand. So, it is safe to say that the lower price ranges are on fire. These are the ranges where they are selling…
EXPAND YOUR SMALL SPACE AND MAXIMIZE YOUR CONDO'S POTENTIAL
Friday, October 19th, 2012 at 11:15am. 83 Views, 0 Comments.
If you are trying to sell a condo with a small amount of space it is important to know how to maximize its potential for all to see. Most condos have less space and when it comes time to sell it is important to know how to make a condo’s space as useful as possible, not to mention as large as possible.
Here are some helpful ideas:
- Paint- When choosing paint pick light, neutral colors and stick to one or two colors that flow from room to room.
- Light- Lighting is an important feature in any condo, try to make your condo as bright as possible. To best utilize your space implement wall mounted lighting and avoid floor lamps.
- Furniture- Small, clean lines are best when choosing furniture for smaller spaces. …
Orange County Market Update!
Thursday, September 20th, 2012 at 5:30pm. 99 Views, 0 Comments.
The Orange County housing market is changing. Recent report by Steven Thomas reported that only 8% of closed sales are foreclosres with an average sales price of 103% of list price. At it's height it was as high as 44%. In August, 68% of the sales were standard equity sales. In 2009 it was the reverse with almost 63% of all sales being foreclosure or short sales. Inverntory accross Orange County has dropped to another record low of 4,676; last year at this time there were 10,556 homes for sale.
He reports it is no longer a buyer's market. It seems that this is the time for buyer's to make their move with interest rates under 4%, prices having dropped/stablized and before it starts changing to more of a Seller's market.
Low Orange County Inventory...Great Time to Sell!!
Friday, August 31st, 2012 at 9:52am. 111 Views, 0 Comments.
Click on this link to see the low inventory reports in Orange County. This would indicate a great time for Seller's and possible stronger prices!
http://lansner.ocregister.com/2012/08/27/where-in-o-c-do-homes-sell-in-a-month/165829/
Sales Inventory is at a RIDICULOUS low!
Tuesday, August 28th, 2012 at 8:38am. 107 Views, 0 Comments.
Reading through Jon Lansners' article about where homes are selling is very eye opening! Even if we have buyers - there isn't enough inventory. One of the biggest challenges as an agent that we have - is getting buyers ready to go .. the sense of urgency isn't there .. when good inventory at a reasonable price comes on the market .. it is gone. For sellers who are reasonable in their pricing .. they should not expect a long sales process. If overpriced, a condo will still sit .. buyers still want a deal! When a condo looks good and it is priced well it will surely go fast .. http://lansner.ocregister.com/2012/08/27/where-in-o-c-do-homes-sell-in-a-month/165829/
Condo Prices Near 4 - Year High
Thursday, August 23rd, 2012 at 7:35pm. 89 Views, 0 Comments.
As reported by Jon Lansner, OC real estate news from the OC Register - The California Association of REALTORS has reported a 4 year high on OC Real Estate prices. This matches what we are seeing in the market .. The trends that we are seeing in the market for OC Condos are as follows:
1) 2/3 of the OC Condo Listings are under contract!
2) Much of the condos under contract are distressed sales
3) Active OC Condo inventory is mostly higher end and more on the luxury side ..
For more details - read in more detail in Jon's column! http://lansner.ocregister.com/2012/08/20/california-home-sales-near-4-year-high/165628/
Becoming a Landlord or Tenant in a Private Owner Situation Can be Confusing
Tuesday, August 14th, 2012 at 8:03pm. 161 Views, 0 Comments.
The renting of a condo between private parties can be nerve racking experience for both the tenant and the landlord. For the Landlord, the home is probably one of their biggest assets and most likey they have lived in the property at one time, so the experience is personal. So the owner may be more particular for the care of the home the first time that the unit is rented. Over time and with experience, the process becomes a little more rewarding and can produce a good source of retirement if the property is held long enough.
Tenants of private ownership rentals have the opportunity to "test out" living in what might seem like their own home. Typically home that are rented by private owners are in communities that are well…
Short Sale Deficiency Judgments or SB931 To Expire 12/31/2012
Tuesday, August 14th, 2012 at 1:13pm. 224 Views, 0 Comments.
If you are faced with Short Selling your property, you must act quick! The state bill that protects the seller from a deficiency judgment expires on 12/31/2012.
What that means to you? Since the short sale process can be quite lengthy, you will want to get your home on the market immediately so you can start the short sale process. In order to be protected under SB 931 you will need to compete this process by the end of the year.
Affordable Housing Programs for First Time Homebuyers
Sunday, August 5th, 2012 at 9:47pm. 159 Views, 0 Comments.
We have been so focused on interest rates and loan programs that we have forgotten about some of the best programs for first time homebuyers! In fact, there are several cities that are offering great programs for first time home buyers. And they are great one in a lifetime programs that when combined with low interest loans make it a GREAT time to buy!!
Here are some of Condos etc's favorite programs!
Anaheim Condos and Lofts - Anaheim First Time Homebuyer and Downpayment Assistance Up to $125,000
Costa Mesa Condos for Sale - Costa Mesa First Time Homebuyer Assistance Program up to $240,000
Huntington Beach Condos for Sale - City of Huntington Beach Inclusionary Housing Program
Santa Ana Condos - Santa Ana Homeownership and…
