Posts tagged as:

Orange County Real Estate

An Oasis in Orange – Condo for Sale by Equity Owner

June 14, 2010

Brand new on the market! Click “play” to see a short video of this great home for sale in Orange, with wonderful patio, upgraded kitchen and bathrooms, and beautiful living space.

This end unit condo in Chapman Townhomes, with 3 bedrooms and 3 bath, has vaulted ceilings, gorgeous natural light, and a secluded garden back yard. The [...]

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Orange County Housing Report: A Spring Pause?

June 13, 2010

Could it be graduations, the end of the tax credit, Europe’s influence, a temporary housing lull? Only time will tell, but the Orange County housing market has gone over a speed bump and has slowed considerably.
Housing Demand
Over the past month, housing demand has dropped by 17%.

Demand, the number of new pending sales over the prior [...]

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$30k Price Reduction on Foreclosure Home in Fullerton

May 7, 2010

This super-clean home on the Coyote Hills Golf Course in the gate-guarded Pinehurst Greens neighborhood has been on the market almost 4 weeks, and the bank says, “Sell it now!”
Previously offered at $679,900, the list price has now been reduced to $649,900.
Check out the Virtual Tour – three large bedrooms, three baths, a beautiful well-maintained [...]

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Orange County Home Prices Up 12% in March

April 13, 2010

Jon Lansner of the OC Register reports that the latest Dataquick homebuying report shows the median home price in March was $432,000, up 12% from a year ago. The number of homes sold in Orange County also continues to rise, with the March sales of 2,652 homes 9% higher than in 2009. That makes 20 [...]

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What a Multiple Counter Situation Means to an Orange County Home Buyer

March 29, 2010

You put an offer on a great home, and the response from the seller comes – a counter-offer, marked “MULTIPLE COUNTER OFFER”. What does it mean? What should you do? Well, first of all, don’t panic!

What Does “Multiple Counters” Mean?
Often in today’s Orange County Real Estate market, homes in [...]

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Top 4 Tips for How to be a Successful Home Buyer in Today’s Orange County Real Estate Market

March 22, 2010

It’s a seller’s market market in Orange County Real Estate Today – so here are the top 4 things you need to do to be successful as a buyer against pretty staggering odds.

1. You have to have your Money available
You have to have money for an initial deposit – usually about 1% of the price [...]

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Wells Fargo Joins HAMP Second Lien Program

March 18, 2010

DSNews is reporting that on Wednesday Wells Fargo joined Bank of America to become the second major US bank to participate in the HAMP Second Lien Modification Program.
A Step In the Right Direction
Under the Second Lien Modification Program (2MP), when a homeowner obtains a loan modification on the first mortgage the second lien holder must [...]

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FHA Loan Alternative – 5% Down Conforming on Orange County Homes

March 16, 2010

Robert Collins of Wells Fargo reminded me today that FHA Mortgage Insurance rates are going up. The current up-front premium is 1.5% of the loan amount, but on April 5, 2010 it goes up to 2.25%!
On a $500,000 purchase, that’s an increase in premium from $7,238 to $10,856, not chump change. One new alternative Robert [...]

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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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