Even during the holidays, there are new Bank Owned homes for sale in Coto de Caza.

Four New Bank Owned Homes for Sale in Coto de Caza

So, you think the Orange County Real Estate market shuts down for the Holidays?  Think again!  Four new Bank Owned homes are for sale in Coto de Caza this week – for sale at very agressive prices.  Let’s go from smallest to largest and give you a sense of what’s being offered.

Chantamar Single Story

3 bedroom 2 bath Single Story (you know by now how much I love single story homes!) in Chantamar for $515,000.  1800 sq ft, non-golf course side of the street.  Great value!

Los Verdes Attached

3 bedroom 3 bath 2452 square feet in Los Verdes – attached home, with a view of the hills.  $589,900.

East Point on the Golf Course

5 bedroom 4 bath ON THE GOLF COURSE with a 10,000 square foot lot in East Point with tons of upgrades and room for your dream back yard.

Oak View Stunner

Stunning 5 bedroom 5 bath Oak View home with a bonus room, library, downstairs bedroom, and a pool and spa.

This is a sign of the times to come – more Bank Owned homes in the high end, luxure real estate market starting to enter the game.  This will undoubtedly put pressure on prices, and hopefully stimulate the sales cycle.

New REOs Hit the Coto de Caza Home Market is a post from: Orange County Real Estate-Orange County Homes For Sale

Foreclosures are Starting to Appear in Luxury Neighborhoods

Bank Owned Upscale Homes

There’s a Bank Owned home for sale Coto de Caza’s Oak View neighborhood – making this home the most upscale REO listing in Coto de Caza today.   These homes were selling for almost $2M “back in the day” and this is now rock-bottom pricing – the bank is asking $1.45M.  OK – so this luxury home is packed with all the bells and whistles – 5 bedrooms, 5 baths, granite, stainless steele, library, bonus room, pool, outdoor BBQ, the list goes on.  I’m betting this one will bring out a buyer very quickly.  Resort-like setting.  Great pricing.  Guard-gated golf community.  The Tiffany’s lifestyle at Wallmart prices.

Take advantage of great values like this on homes for sale in Coto de Caza.  There are still 13 Bank Owned homes for sale in Coto de Caza, California.  Starter condos all the way up to this grand-scale mansion.  There are fortunes to be made in today’s Orange County Real Estate market.  Shouldn’t you be in on this?

High-End Luxury Bank Owned Home for Sale in Coto de Caza is a post from: Orange County Real Estate-Orange County Homes For Sale

Coto de Caza Bank Owned Homes for Sale – There are Some Great Deals

In Coto de Caza today there are 13 homes for sale that are REOs or Bank Owned homes.  These seem priced below homes for sale in Coto de Caza in the same neighborhoods.  And they are selling more quickly that Short Sales (for sure!) and equity owner homes.  Two of the bank owned homes for sale in Coto sold last week – one in Tanglewood and another in Greystone.  These were both in reasonably good shape and in good locations.  Things are really starting to move!

Our pick of the week is 17 Charleston Lane in Tanglewood – 4 bedroom 3 baths in 3000 square feet with a 3 car garage.

just reduced from $879K to $839K.  This home is in great shape – no missing toilets or appliances, no missing baseboards, and some really nice upgrades like travertine tile flooring downstairs, custom tile in the master bath, and ON the golf course.

Newly Listed REO Home for Sale in Coto de Caza

Just this week there is a new home on the market for sale in Coto de Caza in Andalusia – a 1459 Sq Ft 2 bedroom 2.5 bath condo with a great view.

Our prediction – this one won’t last long!

Stay tuned for another update shortly!

Coto de Caza Short Sale Homes for Sale – Market Update

Today there are 19 homes for sale in Coto de Caza that are Short Sale listings.  New on the market this week in Coto de Caza is a 2135 square foot condo in the Village with (reportedly, we have not verified) 5 bedrooms and 3 baths for $419K.  Previously, this condo sold for $684K in 2007, according to the information posted in the Multiple Listing Service.

Also new on the Coto de Caza Short Sale market is single story home in Coto Country Homes on the non-golf course view side of Fairway Lane offered at $680K.

This is a 3 bedroom 2 bath single story (you know how much we think of single story homes!) with 1938 square feet and a 2 car attached garage.  The great thing about Coto Country Homes is there is no Mello Roos tax – one of only three neighborhoods in Coto without Mello Roos.

Click Here to seach for Coto de Caza homes for sale or homes for sale in any neighborhood in Orange County.

Coto de Caza Homes for Sale at Great Prices is a post from: Orange County Real Estate-Orange County Homes For Sale

The Coto de Caza Real Estate is made up of three distinct types of listings:  standard or “equity” sellers, Short Sales, and Bank Owned homes for sale.

Three Real Estate Markets for Homes for Sale in Coto de Caza

Homes for Sale in Coto de Caza by Equity Owners

There are currently 140 homes for sale in Coto de Caza. This includes condos and single family homes. Of the 140 homes, 105 appear to be equity owners. That’s a whopping 75% of all homes for sale in Coto today – far ahead of the pace of South Orange County – which is collectively about 55% equity owners. These are “traditional” sales where a buyer and a seller negotiate price and terms through their respective Realtors to reach an agreement. They open escrow, conduct pertinent and indicated inspections, exchange disclosures, complete appraisals, and potentially negotiate repairs or concessions.

The advantage of targeting your home search on the Equity Owner Market is the ability to deal directly with the decision makers – the home owner and their Realtor. In a declining Real Estate market, a seller is usually very motivated to sell the home – for reasons other than capitalizing on their earned equity. Also, you may have more flexibility in length of escrow and even rent-back options that may be important to you. These will not be available in a Short Sale or REO transaction.

Short Sale Homes for Sale in Coto de Caza

Today, 18 out of the 140 total homes for sale in Coto de Caza are represented to be short sales. We are also grouping homes that are in the foreclosure process and notice of default filed in this category. That’s 13% of the total homes on the market in Coto. These Short Sale homes might be a great opportunity if you have patience and are not driven by specific timing triggers like a lease that is ending or a close of escrow on the home you are selling. Short Sales are very difficult to predict in terms of timing for response to an offer – be it accepted or declined or countered. But if you are patient and flexible in your timing, you may find a great deal. Ask your Realtor to discuss the timing on every Short Sale offer you make – there is a difference between “Approved Short Sale,” “Short Sale Package Submitted,” “Seller Working on Short Sale Package,” and “Package and 7 Offers Submitted.” Make sure you know where the seller is in the process on every short sale home you go after. Don’t be put off by the seller’s status – just be aware of how it will impact YOUR timing. FYI – there are 5 Short Sale homes in Coto de Caza currently in escrow.

REO Homes for Sale in Coto de Caza

Bank Owned homes account for 9% of the homes for sale in Coto – 12 out of 140 – a relatively small percent of the total. These range from a 2 bedroom 2 bath condo in Fairway Oaks to a 4 bedroom 3 bath 3000 square foot home right on Coto’s South course. There are deals to be made in the Bank Owned market. And the timing is not nearly as unpredictable and potentially frustrating as in a Short Sale. The bank will respond within a day or two (but not on the weekend.) Just be aware that there will most likely be repairs and deferred maintenance to take care of – and most unlikely that the bank will pay for any of that. You have to be able to accept the condition of the REO home you buy in Coto de Caza or have the funds available after you buy the home to make the repairs and/or upgrades you’d like.

Now go find a great deal on a home in Coto de Caza!

Coto de Caza Real Estate Market Update is a post from: Orange County Real Estate-Orange County Homes For Sale