Archive for June 23rd, 2007

Good Real Estate, good prices in Mission Viejo, Costa Mesa, and Laguna Niguel

Posted on June 23, 2007. Filed under: First Time Buyer help, Informed Investor Alliance, Orange County Real Estate |

Lately many people seem to be complaining that the Real Estate market is scary, or prices are going down.  As an agent, I see houses and get pitched on land every day.  I am seeing prices I haven’t seen in years. In cities that are DESIRED by MANY…like Mission Viejo and Costa Mesa and Laguna Niguel…which some of our first time buyers couldn’t get into in the hot market.  

For Orange County buyers, this is pretty cool. You can get a DECENT 2/2 below 400K again.  1/1 properties aren’t always above 300K anymore.  You can actually “sleep on” your decision about buying the property, and you have more than 5 to choose from.  There may literally be 45 properties to pick between in your price range.  A funny thing we are noticing though, is that many buyers are now daunted by the choice.  Maybe its like me at The Cheesecake Factory?!?  Too much on the menu?  I thought I would give you some tips to help narrow things down:

1.  Location is always key.  You may eventually be selling (hopefully leasing!) the property, and the awesome locations will always sell themselves.  What’s around?  Google earth it and find out from your computer. 

2.  Think floorplan, think flow.  No matter how cute the decor, if things aren’t laid out right, you or anyone else won’t be comfortable in the property.  A perfect example is our old house.  The kitchen was totally cut off from the living room and the space we had to entertain in was just not enough for us. 

3.  Properties that get good light are always preferred by buyers.  Remember, you can block light but you can’t really create it.  Artificial helps, but its no comparison to natural light.  Can you see the light??? 

My question is… if lots of you have read the books we give out about buying low and selling high…why aren’t you picking up some properties right now?  I would love to hear your thoughts.

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