Miscellaneous

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Quick Tip for Getting Rid of Smells in Your Condo!

Tuesday, January 15th, 2013 at 8:04pm. 127 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!

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Orange County Real Estate Market Update!

Friday, November 30th, 2012 at 11:23am. 171 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…

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EXPAND YOUR SMALL SPACE AND MAXIMIZE YOUR CONDO'S POTENTIAL

Friday, October 19th, 2012 at 11:15am. 174 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. …

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Orange County Market Update!

Thursday, September 20th, 2012 at 5:30pm. 187 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.

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Low Orange County Inventory...Great Time to Sell!!

Friday, August 31st, 2012 at 9:52am. 192 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/

 

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Short Sale Deficiency Judgments or SB931 To Expire 12/31/2012

Tuesday, August 14th, 2012 at 1:13pm. 314 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.

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Real Estate Review, Cash Vs. Mortgage

Monday, March 14th, 2011 at 1:29pm. 282 Views, 0 Comments.

Often people considering investing in real estate weigh the option of cash vs. mortgage. There are some great deals in today’s market and often offering a cash deal can make a deal even sweeter. When cash is involved there is no mortgage, therefore no chance of a financial contingency getting in the way of closing. Cash is king, but is cash the best avenue for you and your real estate transaction?

Cash is great for:

  • negotiating power
  • negating a financing contingency speeding up a closing date
  • eliminating a monthly loan payment

BUT cash has its downside as well, a cash deal:

  • ties up assets
  • eliminates a mortgage interest tax deduction

Buying a property with cash to get the best deal possible could be a smart move,…

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High End Real Estate Pulling in Wealthy

Thursday, March 10th, 2011 at 5:59pm. 348 Views, 0 Comments.

High end real estate is pulling in the wealthy, otherwise known as the people who have the money to buy expensive properties at hugely discounted prices. While the recessional economy has taken its toll on many, there are people who survived with plenty of cash still left in their bank accounts, as well as those who have made a great deal of money from these tough times. 

The recession proved to be a great platform for investors who had money to invest, and now that there is a light at the end of the tunnel these investors see great opportunity in buying luxury real estate at a tremendous savings.

Sales for condos valued at less than a million dollars fell in 2010, whereas sales for condos valued at over a million dollars increased quite…

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Combating High Property Taxes

Friday, March 4th, 2011 at 1:55pm. 218 Views, 0 Comments.

Combating high property taxes is something people should be aware of in a time when condo values have dropped significantly. It can be a puzzling question to many homeowners, if my condo’s value has dropped 25% why have my property taxes not decreased by the same amount?  Your property tax bill can be adjusted if you make an effort to challenge it.

The first step is to take a good look at your property tax bill. This year’s assessment and last year’s assessment should be listed, as well as a breakdown of how your taxes are allocated and added up. You should have a good idea of the value of your property and whether or not you have been assessed properly. A good next step is to approach your Assessor’s Office. 

What to…

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Pros and Cons of Sellers Conducting Inspections

Tuesday, March 1st, 2011 at 2:25pm. 220 Views, 0 Comments.

There are pros and cons to sellers conducting home inspections before listing and selling a condo. Many people in the real estate business see the merit of an inspection before listing a condo because it enables problems that could become deal breakers to be resolved before they ever become known to a potential buyer. Of course a pre-listing home inspection can also unveil a laundry list of issues that a condo owner may not be prepared to deal with or pay for.

If a seller decides to do an inspection before putting his condo on the market he has a choice of fixing the issues that present themselves, or opting not to. A condo owner has to disclose the inspection items when under contract and therefore must be prepared to fix problems,…

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