Take a look at the video of this great Mission Viejo pool home – soon to be put on the market for sale!  It’s just been painted, and new carpet and new stainless steel appliances are on the way!

This is the largest model in the Pinecrest community – it has 4 bedrooms,  3 baths, and almost 2000 square feet of living space.   The family room, adjacent to the kitchen, has a wood burning fireplace and a view of the sparkling pool.  There’s also a formal living room and dining room.  Lake Mission Viejo, is nearby, as well as shopping, restaurants, and hiking and biking trails!

Come and take a look before it hits the market!   Call me at 949-584-5221  or send me an email at paul@pauleskildsen.com

Mission Viejo homes for sale in today’s market are moving very quickly – especially with low low interest rates and low home prices!

Pool Home in Mission Viejo – Almost Ready for Sale is a post from: Orange County Real Estate-Orange County Homes For Sale

Check out this brand new Bank Owned home for sale in Mission Viejo!  I posted an early pre-listing notice a few weeks ago (check out the video here), and it just hit the MLS today.

Can you believe a 3-bedroom single-family detached home in Mission Viejo for under $420,000?  Yes, it’s small, but it’s going to be the perfect home for someone who prefers a small house to a big condo – no one above you, no one below, a two car garage, and a even a private yard that has room to entertain but is easy to maintain!

Of the 222 single-family homes for sale in Mission Viejo, excluding seniors-only Casta del Sol, there are only 11 homes with a lower price!  Foreclosure homes in Mission Viejo have actually become a bit of a rarity – there are only 14 on the market right now.  Bank Owned means the seller has no emotional attachment, and is ready to make a deal, and unlike a Short Sale, there’s no long approval process to go through.

Are you in the market for your first home?  Thinking about taking advantage of low interest rates and home prices to make an Orange County income property invesment?  This is little gem could be the perfect Mission Viejo Real Estate opportunity for the right person.

Under $420k for a Mission Viejo Bank Owned Home is a post from: Orange County Real Estate-Orange County Homes For Sale

Check out these Mission Viejo REO homes for sale - three great options for Orange County home buyers looking for a great deal in today’s real estate market.  Whether you are a cash investor looking for a good property to flip, or an FHA 203K borrower - basically building the cost of the rehab into your loan.  Any number of financing options will work!

There’s a four bedroom in Cordova Vista with a built in BBQ and Spa in the back yard, and beautifully landscaped front gated entry courtyard. 

 

Another option for the bargain-hunting buyer is a 4  bedroom in the El Dorado tract with a funky addition in the back yard. 

One more Mission Viejo REO that I would mention is 3 bedroom single level Madrid with an upgraded kitchen and hardwood floors.

Each of these Bank Owned homes for sale in Mission Viejo need work – ranging all the way from your basic paint and carpet, to missing lighting fixtures and rotted patio covers, to dryrot and suspicious holes in walls and ceilings, and major issues with unpermitted additions.  The good news is that they all have all the normal and customary kitchen appliances and bathroom fixtures (like toilets.)  For those of you who have seen an REO without a kitchen and with the toilets and bathroom sinks removed, you will know what a relief this is to see.

Check in with us for all the updated information on great deals on homes on the market in Mission Viejo and other great South Orange County communities like Rancho Santa Margarita, Coto de Caza, Ladera Ranch, Laguna Niguel, and Dove Canyon.  We never want you to miss out on a great deal on a home for sale that might be perfect for you!

Mission Viejo REO Homes for Sale – Market Update is a post from: Orange County Real Estate-Orange County Homes For Sale

Check out this amazing little house  in an incredible Mission Viejo neighborhood!

This is a 3 bedroom, 1-1/2 bath detached house with 1,234 square feet of living space.  The two-car garage is not attached, but has private access to the fully fenced back yard.

It’s not quite ready to be listed for sale yet, but now’s the time to get your ducks in a row if you are interested.  Mission Viejo  REO homes for sale don’t last long when they’re in good condition and priced as this one is likely to be.

Interested in a private showing or more information?  Give me a call at 949-584-5221.

Bank Owned Home Mission Viejo Almost Ready for Buyers is a post from: Orange County Real Estate-Orange County Homes For Sale

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 in Coto de Caza and around the country are taking advantage of good deals on cheap property.  But there’s risk involved.

This NBC Today Show interview first ran in March 2009, featuring real estate expert Barbara Corcoran. Despite its age, the message remains relevant. Today may be a terrific time to buy a bank-owned home — just make sure you do your research first.  There’s plenty of ways for investors to get burned.

Some of the tips in the video include:

• Buy in your own backyard
• Start small, then build to a bigger portfolio
• Watch receipts — rent rolls don’t matter if tenants aren’t paying rent

Corcoran also gives pointers on how to evaluate a prospective tenant.

Foreclosures should represent a large number of 2010’s total home sales and will offer interesting opportunities to bona fide real estate investors. Before you jump in, make sure to watch the video. The rents you save may be your own.

Remember, the stats and the data are from 12 months ago, but the advice stays meaningful.

How To Properly Screen A Prospective Tenant is a post from: Orange County Real Estate-Orange County Homes For Sale

Foreclosures and Bank Owned homes are the hot item in Mission Viejo Real Estate, and all over Orange County.  That’s where the deals are, right?  But there are dangers, too.  Check out this video!

Trace, The Mold Sniffing Dog

Pay for an Inspection, Earn a Credit

So, it’s fun to watch Trace do his work, but there is a very serious side.  When Trace “alerts”, he’s telling Jack that he’s detected the presence of mold – and not just any mold, but one of several very specific toxic molds that he’s been trained to recognize.  What does that mean to the buyer?  In this case, it meant a potential huge out-of-pocket expense.  Fortunately Trace raised the red flag, and with the support of a remediation quote from a licensed mold remediation firm, the buyer was able to negotiate a credit from the seller of $23,000!

Buying an Mission Viejo Foreclosure? Mold Inspection! is a post from: Orange County Real Estate-Orange County Homes For Sale

Have you seen some Mission Viejo homes for sale that are priced too low to be believed?  How about that condo that was listed for $188,100, went into escrow 8 days later, and sold for $220,000?

Low Prices Attract Lots of Buyers

Did seeing such a great price work you into a frenzy, only to learn the home sold in a matter of hours?  What’s going on here?  If it is listed so low, why doesn’t is sell for that low price?  Why does it end up selling for above, often WAY above the asking price?

Well, pricing a home in Mission Viejo below the other similar homes is a stragey that is working for some home sellers in today’s market.  Basically, it helps to attract a bunch of offers from Mission Viejo home buyers looking for a great deal in today’s Real Estate market.  It can be super exciting if you are a buyer thinking that the house you are interested in could be yours for a song!  But then you find out that there are six or eight other offers already submitted at prices above the list price.

The fact is, the market sets the price.  There are many other buyers looking for the same deal you are looking for and recognize an eye-popping price when they see it.

How Can a Buyer Be Successful?

My best advice is to use all the tools available to you to stay on top of the market.  Work with an agent who is committed to keeping you up to date.  Set up a saved home search on a website like this one, or ask your agent to do it for you.  Most important, be prepared to act immediately, and understand that it might take more that one offer to own that dream home.

Why Some Mission Viejo Homes are Priced Below Market Value is a post from: Orange County Real Estate-Orange County Homes For Sale

What a fabulous opportunity! Awesome 3 bedroom, 3 bath home in the heart of Mission Viejo. Crown molding, tile and hard wood flooring, formal dining room, family room and formal living room, inside laundry, and more! No Mello Roos, low Sunrise Ridge HOA, Lake Mission Viejo HOA with access to the lake and all activities – boating, swimming, fishing, fireworks, and concerts.

Single Family Home for only $489,900

Mission Viejo Foreclosure

With the inventory of Bank Owned homes for sale in Mission Viejo reduced to the lowest level in many months, this home is guaranteed to attract lots of attention.  Bank Owned homes are averaging only about 6 weeks on the market, and with a price this low this home will move fast.  This property needs a little TLC, but it’s a great opportunity to own in an awesome neighborhood.

Check out all the detailed MLS information, or better yet CALL ME TODAY for a private showing!

UPDATE:

OPEN HOUSE this weekend!  Come on by and check it out.  If you’re serious about buying soon, bring your pre-approval and we’ll we’ll help you write up an offer this weekend too!

Open House

Saturday and Sunday, January 2nd and 3rd

1:00pm to 4:00pm

25102 Whitespring

Mission Viejo, CA 92692

New Bank Owned Mission Viejo Home For Sale is a post from: Orange County Real Estate-Orange County Homes For Sale

The inventory of homes for sale in Mission Viejo and other cities in the Saddleback Valley area of Orange County continues to fall, as it has across the nation.

Two and a Half Years of Falling Inventory

While the number of homes sold continues a climb from 3-year lows, the number of Saddleback Valley homes for sale in Mission Viejo, Rancho Santa Margarita, Ladera Ranch, Lake Forest, Coto de Caza, and Modjeska, Silverado and Trabuco Canyons continues to fall.  From a peak of 2,326 homes on the market in July of 2007, we’ve fallen to only 771 homes for sale!  That’s a 67% drop, and includes a 38% drop in inventory from January of this year.

Not Just Orange County – It’s a National Trend

The supply of newly-built homes fell to its lowest levels since 2006, offering additional proof of a housing market in recovery.  Home supply is defined as the amount of time it would take to sell the current inventory of homes at the current pace of sales.  In October, for the 8th consecutive month, home supplies fell. Since peaking in January 2009, it’s now down by almost half.  Lower supply leads to higher prices.  This is Economics 101.

While this is happening, buyers are eagerly taking advantage of low mortgage rates and federal tax credits for buying homes.  It’s pressuring home prices higher overall.  Since January 2009, the average sale price of a newly-built home is up 6 percent.

Mission Viejo Real Estate Inventory Keeps Falling is a post from: Orange County Real Estate-Orange County Homes For Sale

For the second month in a row, 18 of the 20 Case-Shiller real estate markets posted higher home values.  It’s the 6th consecutive strong showing for the benchmark private-sector housing index.

Combined with falling home supplies and rising sales figures, this month’s Case-Shiller Index suggests that housing may have bottomed sometime earlier this year.

It’s cause for optimism.

Even Case-Shiller respresentatives seem excited. In its press release, the publishers singled out the index’s winning streak, commenting on the recent “stabilization in national real estate values”.

But, in that statement, we see the Case-Shiller Index’s biggest flaw.  The index purports itself to be a national real estate metric but, in reality, there is no such thing as a national real estate market.

All real estate is local.

The Case-Shiller Index reports home values for 20 U.S. cities.  Each of those cities, however, is comprised of smaller neighborhoods, each with its own character, desirability, and price points.  Case-Shiller attempts to lump it all together — an impossibility.

As an example, New York City posted a nearly 1 percent increase in July but that figure is just a city summary.  The actual market in three distinct neighborhoods — Upper East Side, Chelsea, and Flatbush — vary tremendously.  Not to mention Long Island, too.

Flaws aside, though, Case-Shiller is still important.  It helps to identify broader trends in housing and housing may hold the key to our economic future.

With July’s Case-Shiller Index, we see that the housing market’s recovery is being sustained.

© 2009 [Subscriber] and its licensors.
Portions © 2009 Bring the Blog,
LLC and used with permission.
All rights reserved.
Do not reproduce without permission.

The Case-Shiller Shows Home Prices Are Still On Their Way Up is a post from: Orange County Real Estate-Orange County Homes For Sale