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Pre-Listing Alert: Bank Owned Condo

by Paul Eskildsen on March 9, 2010

in Orange County

Sometimes shopping on the Internet ends up leaving you behind the market.  A "Pre-List" is a home that is not quite ready to list for sale yet, but that will be on the market soon.  Often, by the time they hit the MLS they already have a buyer.  Wouldn’t you like to know about Foreclosure [...]

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New Pre-Market Bank Owned Home in Mission Viejo

by Paul Eskildsen on March 6, 2010

in Mission Viejo, Orange County

This cute little Single Family Detached home in a wonderful neighborhood is being prepared for market.  It has three bedrooms, one and a half baths, and over 1200 square feet of living space.  Bank Owned homes for sale in Mission Viejo don’t last long these days, so if you’re interested drop me a line or [...]

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How To Properly Screen A Prospective Tenant

March 3, 2010

According to the the National Association of Realtors®, “distressed homes” represented nearly 2 of every fifth home sold in January 2010. Clearly, real estate investors are taking advantage of good deals on cheap property. But there’s risk involved.

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Housing Starts Soar To 6-Month High In January… Or Do They?

February 22, 2010

Sometimes, headlines for housing can be misleading and this week gave us a terrific example.
On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high.
A “Housing Start” is a privately-owned home on which construction has started.
Headlines on the Housing Starts story included:

U.S. Housing Starts Hit [...]

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New Programs Aim to Streamline Short Sales

February 19, 2010

The National Association of Realtors issued a press release today detailing efforts they are taking to help make the purchase of Short Sales less frustrating and problematic.
HAFA – Home Affordable Foreclosure Alternatives
HAFA is a Federal program with takes effect in April that is designed to help homeowners complete a Short Sale of their home when [...]

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Where Have All the Orange County Foreclosures Gone?

February 16, 2010

It’s not difficult to find gloomy Real Estate prognostications, most of them focused on the huge supply of foreclosure “shadow inventory” that is expected to hit the market soon.  Estimates range from around 2.7 million to as high as 7 million foreclosures that will soon be unleashed on the national housing market.
Waiting for the Big [...]

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In Pictures: The Severity Of The Foreclosure Crisis Depends On Where You Live

February 15, 2010

Foreclosures stories dominate the national housing news. It seems at least one foreclosure-related story makes its way to the front page or the nightly news every week.
But for as much as the foreclosure filing statistics can be astounding — over 300,000 homes were served last month alone — the prevalence of foreclosures depends on where [...]

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Trabuco Canyon and Coto de Caza Real Estate Snapshot

February 11, 2010

Here’s a little snapshot of the Real Estate market in Coto de Caza and Trabuco Canyon.  This data actually covers the entire 92679 zip code, which includes not only the approximately 3,000 to 4,000 in Coto de Caza, but also Dove Canyon, Robinson Ranch, Trabuco Canyon, Portola Hills, and Wagon Wheel.

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Low [...]

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Orange County Home Buyer Tax Credit Reminder

February 5, 2010

The updated and extended tax credit for first-time home buyers and current homeowners is slated to expire in less than three months.  Here’s a recap of the details:

Feature

Original Program

Extension

Deadline

Must fund by Nov. 30, 2009 (WFHM deadline was Oct. 30)

The measure is written differently so that a sales contract must be in [...]

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Rancho Santa Margarita Home Price Update

February 4, 2010

Rancho Santa Margarita Home Prices
 

 
Last January the median price for single-family homes in Rancho Santa Margarita pulled out of a steep decline, and has been relatively stable ever since.  Inventory of homes for sale continues to hold at much lower levels than existed during the decline as well.
Originally Posted [...]

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