Buying a Co-Op property in Laguna Woods CA

Posted on May 25, 2023. Filed under: Buying a Co-Op, Orange County Real Estate, Senior Communities | Tags: , , , , , |

Laguna Woods, California is a popular community located in Orange County, known for its mild climate, scenic views, and close proximity to the Pacific Ocean. If you’re considering purchasing a property in Laguna Woods, cooperative ownership is a popular option. However, there are important things to know before buying a co-op property in Laguna Woods.

One of the key things to know is that co-op properties in Laguna Woods must be purchased with all cash, as there are currently no loans available for stock cooperatives. This means that you’ll need to have the necessary funds available to complete the purchase and show proper proof of funds (POF).

In addition, it’s important to note that Laguna Woods Village has a strict leasing process. Buying a co-op property purely as an investment property may not align with the community’s preferences and guidelines. It’s important to understand and respect the community’s emphasis on owner-occupied residences.

Another important consideration when buying a co-op property in Laguna Woods is the higher HOA fees. However, co-op properties include your water, trash, and basic cable, which can make expenses lower overall. It’s important to factor in these fees when calculating your budget for purchasing and owning a co-op property.

When you first buy a co-op property in Laguna Woods, you’re not buying property, you’re technically buying stock in the cooperative corporation. This can make pricing more difficult to determine, as there are no tax records for the co-ops. It’s to connect with a real estate team like ours who know Laguna Woods & can guide you through the buying process.

Additionally, there are certain gate access and other nuances that an experienced agent will be familiar with, both inside and outside the gates.

It’s also important to note that if you want to do upgrades on your co-op in Laguna Woods, the previous owner may have ‘upgraded’ you out of their system. This means that almost every item from appliances to flooring is covered by the corporation that owns the co-op, but if you upgrade outside of the approved basics, it voids that item out of the umbrella of coverage. Disclosing any upgrades appropriately when buying or selling is important.

Laguna Woods offers docent tours which are a smart idea to take if you’re considering moving to the community, and book up well in advance, so plan accordingly. These tours showcase the community’s clubhouses, pools, clubs, amenities, and golf courses, all of which are a big draw for many buyers.

Laguna Woods Village is also a community that many out-of-state children are considering for their aging parents, so understanding the ins and outs of Laguna Woods co-op ownership can be helpful.

Buying a co-op property in Laguna Woods can be a great option for those looking for an affordable and community-oriented housing option. By understanding:

  • the income
  • financial requirements
  • HOA fees
  • stock ownership structure
  • nuances of upgrades and disclosures
  • taking a docent tour of the community

You’ll be well-equipped to make an informed decision about whether a co-op property in Laguna Woods is right for you.

If you’re ready to start your search for Laguna Woods properties, click here to explore available listings. You can always reach out to Angie at 949-338-7408 who can guide you through the buying process. Contact her today or comment below to learn more about available properties and to start your journey to owning a home in Laguna Woods.

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The Emotional Roller Coaster of Buying a Home

Posted on May 18, 2023. Filed under: First Time Buyer help | Tags: , , , |

Buying a home is a major life event that can be both exciting and daunting at the same time. The process can take months, and it’s not uncommon for homebuyers to experience a range of emotions along the way. In this blog, we’ll explore the emotional roller coaster of buying a home and offer some tips on how to manage the ups and downs.


The desire to have a better place, a new chapter in life, or more or less space can be a powerful motivator for homebuyers. It is the starting point of the home-buying journey and is often accompanied by feelings of excitement and anticipation.


“Excited to finally own my own home! Can’t wait to create my own space and see what this new adventure brings.” The home-buying process often starts with excitement. You’ve decided to take the leap and buy a home, and the possibilities seem endless. You start browsing online listings, imagining yourself living in the different homes you see. You may start to envision your future in your new home, from hosting dinner parties to raising a family.


“Will I be able to pay my payments & still eat?” As you start to seriously consider buying a home, anxiety can set in. You may worry about whether you can afford the homes you like, whether you’ll be able to find a home in a desirable neighborhood, and whether you’ll be able to secure financing. You may also worry about whether you’re making the right decision, and whether you’ll be happy with your choice in the long term.


“This is so frustrating! Every home I like is either too expensive or already taken. And the whole process is taking forever! I had no idea it would be this complicated.” As you start to view homes in person and make offers, you may experience frustration. You may find that the homes you like are out of your price range or have already been sold. You may also find that the home-buying process is more complicated and time-consuming than you anticipated.


“I could never buy my own place” As you start the process of buying a home, doubts can start to creep in, and you might question whether you can afford to buy your own place. This feeling of doubt can be overwhelming, and it’s easy to feel discouraged.


“Damn I’m in the financial fishbowl with this preapproval” After you have been pre-approved for a loan, you might feel like you are in a financial fishbowl. You have to share all your financial information with the lender, and this can make you feel exposed and vulnerable.


“Nothing in my price range” As you continue searching for homes, you might find that nothing is within your price range. This can lead to feelings of disappointment and frustration.


“Wow found a keeper!” Finally, you find a house that you love, and it’s within your budget. This feeling of hope can be exhilarating, and you might start to feel like you’re getting closer to achieving your dream.


“Keeper thought my offer was a loser” Your hopes can come crashing down if the seller doesn’t accept your offer. This feeling of despair can be crushing, and you might start to wonder if you’ll ever find the right house.


“Might have to pay over my budget and comfort zone for what I want” If you do find the right house, you might have to pay more than you’re comfortable with. This feeling of fear can be overwhelming, and you might start to wonder if you’re making the right decision.


“I found the one I wanted and I’m getting it this time” Despite the fear, you might find yourself determined to get the house you want. This feeling of determination can be powerful and can help you overcome any obstacles that come your way.


“I can’t believe it! My offer was accepted and I’m going to be a homeowner!” When you finally find the perfect home and your offer is accepted, you’ll likely experience a wave of elation. You’ll feel relieved that the search is over, excited about your new home, and proud that you were able to secure it.


“Praying for the sellers to accept my offer. Praying I’m not making a bad investment. Praying I’m being a good steward.” As the home-buying process becomes more intense, you might find yourself turning to spirituality for guidance and support.


“Omg, my bank account is leaving me” Elation can quickly turn to terror when you realize how much money you’re about to spend. This feeling of terror can be intense, and sometimes this causes to wonder if you’re making a mistake.


“What am I even doing? How am I going to actually DO this? So many moving parts.” As you continue through navigate the home-buying process, you might feel lost and overwhelmed. There are so many moving parts, and it can be difficult to know what to do next. This is where a support network of quality professionals, including your Realtor, come in helpful. Indignant say lender or seller.


“The lender wants what from me? Are you serious?” At times, you might feel indignant about the demands the lender is making. This feeling of indignation can be frustrating, and you might start to wonder if you’re being taken advantage of.


“The inspector called my baby ugly, and now all I can think about are the flaws.” Sadness can often set in when the inspector points out flaws in your dream home. After all, you’ve spent months, maybe even years, searching for the perfect property, only to have someone else call your baby ugly. It can be tough to see past the issues and focus on the good things about the house.


“I don’t know how to fix the issues with this place, and I’m already spending all my cash.” Fear can also be a constant companion when buying a home. You may worry that you don’t know how to fix the problems with the house, or that you’re spending all your hard-earned money on a property that isn’t perfect. The fear of the unknown can be overwhelming, leaving you wondering if you’re making the right decision.


“Should I spend all my money on a place that is far from perfect?” Feeling torn is another common emotion that many homebuyers experience. You may wonder if you should spend all your money on a property that’s far from perfect, or if you should keep looking for something better. It can be challenging to balance your desires with your budget and find the right compromise.


“The seller won’t give me the credit I asked for” Hurt can also set in when the seller won’t give you the credit you asked for. It can feel like they’re not taking your needs into account, and it can be challenging to move forward when you feel like you’re not being heard.

Confused & Defensive

“Who should I call for quotes that are trustworthy?” Confusion and defensiveness can arise when trying to find trustworthy quotes for repairs and maintenance. With so many options out there, it can be challenging to know who to trust. You may feel like you’re constantly on the defensive, trying to protect yourself from being taken advantage of.


“Why is the appraisal back late? Why are the handyman quotes back so late or so high?” Annoyance is a common emotion when the appraisal or handyman quotes come back late or too high. It can be frustrating when things don’t go according to plan, and you’re left waiting for someone else to make a decision or provide information.


“I don’t feel like getting multiple quotes or scheduling more inspections or appointments. I already gave you that information, now you need it again?” Exhaustion can set in when you’re constantly getting multiple quotes, scheduling appointments, and providing information. It can feel like a never-ending cycle, leaving you feeling drained and frustrated.


“Ok…it’s just a few more things. I haven’t come this far to come this far. I got this.” However, despite all the challenges, it’s essential to remain focused on the end goal. You’ve come this far, and you can’t give up now. You have to keep pushing forward, even when things seem difficult.


“I might not get the loan. I did everything they told me and now they want more.” Feeling devastated can be overwhelming when you think you might not get the loan. You may have done everything that’s been asked of you, only to be told that more is needed. It can feel like you’re hitting a brick wall, and there’s no way around it. This is why it is so important to go through the full loan approval process BEFORE opening up escrow.


“Ugh, this isn’t happening and I wasted my time. I wasted my money. I wasted other people’s time.” Depression can set in when things aren’t going as planned. You may feel like you’re wasting your time and money, and that you’re letting other people down.

Pist off

“Why me? Everyone else seems to get a loan and their own place? Wtf?” Feeling pist off is another common emotion that many homebuyers experience. It can be frustrating when it seems like everyone else is getting a loan and their own place, and you’re left wondering why you’re having so much trouble.


“Wow a new option popped up and this may actually happen” But, there’s always a light at the end of the tunnel. Feeling optimistic when a new option pops up can be a game-changer. Suddenly, everything seems possible again, and you’re filled with renewed hope.


“I’m mentally tired. Whatever happens at this point. So over it and totally afraid to be excited after all these bumps in the road.” Feeling indifferent can also be a coping mechanism when you’re mentally exhausted. It can be tough to get excited after all the bumps in the road, and you may feel like whatever happens, happens at this point.


“That is the most money I have ever wired out of my bank account. Ever. What if the wire doesn’t get there? What if I lose everything to cyber fraud??” Worry is another common emotion that many homebuyers experience when they wire the most significant amount of money they’ve ever wired out of their bank account.


“So much to do before closing and overwhelming. Worrying that something will go wrong and the deal will fall apart.” Once the initial excitement wears off, you may start to feel apprehensive. You’ll likely be faced with a long list of tasks to complete before closing, from scheduling inspections to securing financing. You may worry that something will go wrong and the deal will fall through.


“Yay they got the wire got there, I think this is actually happening!” You have been house hunting for months, and finally found the perfect home. You made an offer, went through the inspection process, and the financing was approved. Now, the wire has been received and you are filled with excitement. You are about to become a homeowner!


“I DID it! We closed escrow! I bought a house!!” After all the hurdles you have faced, you finally closed the escrow and bought the house. You are filled with a sense of empowerment and pride in yourself. You did it! You bought a house!


“So many things I want to do to make it mine.” Now that you have a place of your own, you can’t wait to put your personal touch on it. You start to think about all the things you want to do to make it yours. Maybe a new coat of paint, new furniture, or landscaping the backyard. The anticipation of turning your house into a home is exhilarating.


“Will I be able to pay my payments & still eat?” As the first mortgage payment comes due, you start to feel a bit of anxiety. Will you be able to make the payments and still have enough money to live on? The fear of not being able to afford your dream home is nerve-wracking, but it motivates you to be smart with your money.


“It feels like a huge weight has been lifted off my shoulders now that we’ve closed on our new home.” When you finally close on your new home, you’ll likely feel a sense of relief. The process is over, and you’ve successfully purchased a home. You can start planning your move and begin to settle into your new space.


“I’m getting in the groove with my payments and property upgrades.” As time goes by, you become more comfortable with your new financial responsibilities. You are thankful for the stability and security that comes with owning a home. You also start to enjoy making property upgrades and see the value of your investment increase.


“Love my new place.” As you settle into your new home, you feel grateful for all that it provides. You love the space, the community, and the memories that you are creating. You are grateful for the decision you made to invest in your future.

Fast forward 10 years…..


“My equity has significantly increased and I’ve been paying down my mortgage.” After a decade of ownership, you are proud of the financial investment you have made. Your equity has significantly increased, and you have paid down your mortgage. Your home has become one of your biggest assets, and it provides a sense of security for your future.


“I’m ready to ride this emotional roller coaster again for an investment that secures my family legacy.” With the success of your first home purchase, you are now ready to ride the emotional roller coaster again. You are eager to invest in another property that will secure your family’s legacy. The thrill of the home-buying process is calling, and you are ready to embark on a new adventure.

And so the cycle continues.

The emotional roller coaster of buying a home never ends. But with each ride, you become more experienced, more empowered, and more grateful for the opportunities that homeownership provides. Despite the ups and downs, owning a home is a life-changing experience that is worth every emotion.

Tips for Managing the Emotional Roller Coaster

The home-buying process can be overwhelming, but there are things you can do to manage your emotions along the way:

  1. Set realistic expectations. Understand that the home-buying process is rarely straightforward, and it’s normal to experience a range of emotions.
  2. Communicate with your real estate agent. Your agent can help you navigate the ups and downs of the process and provide guidance and support.
  3. Lean on your support system. Buying a home is a big decision, and it can be helpful to talk to friends and family members who have been through the process before.
  4. Take care of yourself. Self-care is important during any stressful time, and the home-buying process is no exception. Take breaks when you need to, eat healthy meals, exercise, and get plenty of rest.

Riding an emotional roller coaster when buying a home is a normal & natural part of the process. Remember you are not alone. By understanding that you’ll likely experience a range of emotions and taking steps to manage them, you can make the home-buying process more obtainable and enjoyable.

If you’re feeling overwhelmed by the emotional roller coaster of buying a home, remember that you’re not alone. We would love to hear about your own experience and how you were able to navigate the process with more ease. Please leave a comment below sharing your tips and tricks with the community. And don’t forget, if you need guidance through the process, you can always reach out to Angie at 949-338-7408, who can provide you with professional advice and support.

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You’re Invited to Homeownership Day 2022 – Achieving Through Real Estate

Posted on January 17, 2022. Filed under: Accessory Dwelling Units, ADUs, AirBnB, Client Appreciation events, Conventional Loan, FHA loans, First Time Buyer help, Home Seller Tips, Homeownership, Homeownership Day, Informed Investor Alliance, International Properties, Lenders & Loan info, Making Life Easier, OC Home Fair, Orange County Real Estate, Property Mangement, Real Estate Stories, Renting, Selling for top dollar, VA Loan | Tags: , , , , , |

January is always an ideal time to circle back to our roots, to review our long term goals, and realign with our True North. It’s a fresh new year, and anything is possible. Many people are taking a look at what needs to change, and if 2021 is any indication, we are still switching up the way we live and work in light of all that’s happened the last couple years.

As we saw people quit their jobs and aspire for extraordinary things in the year of ‘The Great Resignation‘, we also saw a huge shift in housing needs and requirements. People ‘quit’ apartments & condos, and opted for single family homes with yards. Families upgraded living space, as employment and schools had extended virtual runs. Change is still happening everywhere, and home is at the center of it all.

Homeownership Day education has been opening doors for renters, homeowners, and investors for 10 years.

With so many people wanting a new environment at the same time, the demand for housing across the country reached record heights and the bidding wars began.

This is just one of the many reasons we offer Homeownership Day on a yearly basis; things always seem to be moving fast when it comes to housing, and it’s important to stay on top of the current trends to be most successful with your real estate.

Achieving Through Real Estate

The 2022 theme for Homeownership Day is ‘Achieving Through Real Estate’, and all are invited to this free virtual event on January 29th from 10am-1pm PST. Homeownership Day is designed to be inclusive for all humans – from renters curious if they can purchase property all the way through investors looking to sharpen skills and knowledge. Our program changes up each year so you aren’t hearing the same information, or outdated perspectives.

The program is brought to you in bite-sized 30 minute educational sessions, so you can get a variety of information on today’s important real estate topics. We know you’re busy, and this event is designed to bring about awareness and build relationships with the right community to accomplish your property goals.

Challenges in the recent market have been lack of inventory, bidding wars, discrimination, sharp price increases, loan / appraisal turnaround time, and more. Sessions for this year have been based around these challenges, and offer help to overcome today’s specific real estate market hurdles.

For this year’s specific sessions and offerings, click here:

If you’re looking to achieve great things with real estate, please join us and register:

Homeownership Day Online Event
January 29th, 2022
10am – 1pm PST

Expect to be inspired with some innovative ideas and fresh perspectives. This is not your average real estate event.

In case you’re wondering, Homeownership Day will never try to pressure you into buying or selling real estate. The speakers have all agreed not to ‘pitch’; only to educate. This event is a public service that is put on through multiple outlets, so you’re never getting pigeon holed into the opinions of one particular corporation or company. Our speakers are industry experts, all hand selected with care, and our goal is YOUR success.

This year’s main sponsors are NAWRB & Vow2Save – both entities creatively serving the real estate ecosystem.

It’s my personal opinion that when we are all successful with real estate, we can focus on what is most important in life – the people and the places we love. If there’s a topic you would like to see covered at a future Homeownership Day event, please comment below so we can help you on your journey.

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4 Ways to Decorate with Upcycled and Repurposed Items

Posted on October 17, 2020. Filed under: First Time Buyer help | Tags: , , |

Due to COVID-19, we have all been spending more time at home than ever before. Making your home feel cozy and inviting has never been so important.

We all have those random “it might come in handy some day” or “I might find a place for that…” items that we have been staring at for the last few months.. We just aren’t ready to let go of it yet. There’s no better way to revamp your home and your dated items than repurposing and upcycling!

To help you get started, we’ve picked four of our favorite (and…realistic) ideas for repurposing, resuing and upcycling your items.

  1. Bookcase to Coffee Bar

Transform your space and coffee game by upcycling an old book case or storage cabinet. Staying in more means bringing the coffee shop to you!

2. Repurpose Your Caddy for Craft Organization

Caddy’s have a unique look but don’t serve a clear purpose. Upgrade your craft room with this repurposed caddy for storing all of your utensils!

3. Repurpose Your Ladder for Blanket Storage

Ladders add height and texture to your room. To make the ladder functional, add your extra blankets for a cozy inviting look!

4. Repurpose Woven Baskets

Have baskets laying around that really don’t serve a purpose anymore? Spice up your wall decor by adding those baskets to the wall. The baskets add a unique look to your space and make a statement. Just simply place a nail in the center of the basket and create your own gallery design!

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INVITATION: Citrus College Home Fair

Posted on April 10, 2017. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County Real Estate, Orange County things to do | Tags: , , , , , , , |

Interested in buying a home in Southern California but don’t know how? Would you like safe and solid info on Real Estate Investing or Market reports and trends? We’ve got you covered with free sessions at Citrus College on April 23rd.

The event will be held from 11am – 3pm with an hour lunch break. There are 3 different sessions, each with 4 classes to choose from ranging from flipping to first time buying. We feel honored to be asked to teach 2 classes – Investing and Market Report. Come join us and learn how to buy real estate! The first 100 registrations receive a free lunch on Citrus Real Estate Club – just sign up below.


Yes, sign me up for Citrus College’s Home Fair on April 23rd!

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Resort Living All Year Round in HB

Posted on March 3, 2016. Filed under: First Time Buyer help, OC Property Profiles, Orange County Real Estate | Tags: , , , , , |

Affordable Huntington Beach, CA Condo

IMG_1063Looking for your first place or a beach close investment property?  Look no further – 5096 Tortuga #104 is prefect for a college student, first time buyer, bachelor / bachelorette, snowbird, or even investor since there’s great rental potential! Located just over a mile from the beach, the possibilities of sun & fun are endless.


Cabo del Mar Community condos

IMG_1048With a long list of amenities that include a clubhouse, pool, spa, sauna, tennis courts, racquetball courts, gated parking, and a large greenbelt area that over looks the wetlands, Cabo del Mar lets you indulge. Plus being situated near shopping, restaurants, and dog beach offers such a convenient lifestyle. If you like nature, you’re just moments to the Bolsa Chica wetlands and the sand of Huntington’s world famous beaches. It’s easy to see why people flock to Huntington Beach!

Cabo Del Mar has parking galore, with underground subterranean parking spots for residents and street level parking for guests, you’ll always be sure to have close parking to your condo. Unlike most studios, 104 has an extra level of privacy / separation thanks to the plantation style shutters, ceiling added soundproofing, and quiet location in the complex. On cool beach nights sit IMG_1045in front of the cozy gas fireplace to warm up and relax.

5096 Tortuga is a must see, a solid investment priced at just $284,999 this unit won’t last long! To schedule a private viewing call us, The AskAngie Team at 949-338-7408, fill out the form below, or email us at




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TRID – What Consumers Need to Know

Posted on November 9, 2015. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Lenders & Loan info, Making Life Easier, Orange County Real Estate | Tags: , , , , , |

clock-runningTRID is the TILA / RESPA Integrated Disclosure Rule which is designed to help consumers understand the mortgage and real estate buying process more thoroughly.

How to most industry people see it? TRID is dirt spelled backwards 🙂 It’s a pretty big change and it’s causing delays. We’re annoyed.

45 is the new 30. That’s what everyone’s saying about an escrow timeline. In order to close in 30 days, everything has to flow perfectly. Now be honest, how often does that happen???

In this perfect world…Escrow needs to get the fee sheet over the day the lender requests it.

Furthermore, disclosures need to go out immediately, and the appraisal needs to be ordered pronto. Before loan docs, well pretty much before anything, a CD (Closing Disclosure) needs to get out to the borrower. The best lenders right now are providing this digitally, and those who aren’t (*ahem* B of A, Chase, Wells) have a closing timeframe of 60+ days, which is completely unacceptable.  Every time something big changes, a new Closing Disclosure must go out and there is a 3 day mandatory waiting period. There’s no more room for sloppy documents and slow turnaround for paperwork. Having a good real estate team (title, escrow, lender, and Realtor) who all communicate is crucial more than ever with these TRID guidelines.

Delays can be caused by any one or more of these simple elements within the escrow process:

  • HOA dues
  • HOA transfer fees
  • HOA move in/out fee
  • Sewer lateral
  • Roof inspection
  • Pest inspection
  • Security deposit transfers
  • Insurance Certification costs
  • Prorated rents
  • Seller rent backs
  • Mobile signing fees
  • POA preparation fees
  • Subordination prep fees
  • Draw deed fees
  • Buyer paid Realtor commission
  • Repair credits
  • Carbon monoxide detectors missing

Inspections should be done as soon as possible to avoid any of the above issues. Changing lenders in the middle of the deal now undoes the entire timeline and forces everyone to start over.  You need to interview your lenders and have your team in place BEFORE escrow starts. Call us if you need referrals for competent lenders here in Orange County.

If you’re already in escrow with another team, make sure your agent orders Home Warrantee, all disclosures and inspections right away, and is in good touch with the lender. These are all standard practice already with the AskAngie team.

As a seller, you can help too. Right when you open escrow, call the management company right away with the credit card info and order your HOA documents. They are famously one of the slowest moving parts of an escrow so it should be addressed on day 1.

If you have any comments or questions about working with the new normal and TRID, don’t hesitate to call 949-338-7408, comment below, or tweet @AngieWeeks !

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Laguna Beach House Sale

Posted on March 17, 2014. Filed under: First Time Buyer help | Tags: , , , |

Luxury Laguna BeachIMG_4135 (2)

Laguna Beach, located in southern Orange County, is known for many different activities and entertainment.  First, the gorgeous beach, whether you are laying in the sun or drinking a martini at a restaurant you will always have a spectacular view of the ocean.  All of Orange County knows that this is a great place to come relax.  Second, Laguna Beach is known for being very artsy.  In the summer months, the Sawdust Festival comes to town!  This is where many artists come together to sell their beautiful masterpieces, from glass blowing to fabulous photography to jewelry, this is a must see event. Third, the famous Pageant of the Masters which in essence  is “Living Art” – you will see famous masterpieces recreated in a new way.  Lastly, hidden up in the green rolling hills is a little secret spot called “Top of the World”, it is high up, but the view is worth it!  Up there you can also hike or bike through out the trails.

Dream Come True Home

Speaking of the green rolling hills, this is where this dream come true house is located. With a breath taking view of the ocean, this house is to die for.  An incredible 5 bed and 5 bath home includes an outstanding kitchen, a private entrance with a gate, a gorgeous entrance hall way, wrap around balcony, a spacious master bedroom and closet, and so much more.  The house has a modern architecture, built for luxury and entertaining. Though the lot is mostly slope, with minimal maintenance , you will never have to worry about a skyscraper ever stealing your view. Through out the house are huge windows that will let the sunlight surround you.  A great entertaining home. Each of the 5 bathrooms, yes I said 5, is decorated for relaxation and primping.  If this House sparks an interest to you, contact me (949) 338-7408 or tweet @AngieWeeks.

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California Real Estate Market Update from Leslie Appleton Young

Posted on November 15, 2013. Filed under: First Time Buyer help, Informed Investor Alliance, Lenders & Loan info, Orange County CA Foreclosures, Orange County Real Estate, Orange County Short Sales | Tags: , , , , |

California Real Estate Market update 2014What’s in store for Orange County Real Estate and the California market in general in 2014? We had The California Association of Realtors Chief Economist Leslie Appleton Young present a ton of great market data and facts today, so we wanted to share with you!

Here are 8 quick facts about CA Real Estate:

1. REO level is at 5%. There are only 205 bank owned properties for sale in OC right now.

2. There are now only 15.4% underwater homeowners in California.

3. Foreclosure and delinquency rates are now at their historic normal level. (Big WHOOP WHOOP!!)

4. Sept median price in CA for detached homes: $428,810

5. 72% of properties from the beginning of this year had multiple offers. (This is why you need a good Realtor!)

6. 82% of investors bought & HELD. Only 18% flips in 2013.

7. There are 3.6 months of inventory supply in CA as of Sept.

8. Only 28% of buyers were first time buyers because they were outbid by all cash investors 😦 The long running average is 38%.

The big question: Will there be home appreciation or depreciation in 2014????????

Leslie predicts we will have more inventory, and sales volume will be up 3.2%. She is projecting a 6% appreciation, and mortgage rates will RAISE to 5.3%.

What does this mean for you? It’s a great time to seize the opportunity of lower prices while rates are still in the 4’s! Call us at 877-230-3211 for help and to maximize your investments!

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First Time Buyer Fears – 5 Reasons Renters Hesitate to Buy a Home

Posted on January 2, 2012. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , , , |

First time buyer Orange CountyAs first time buyer specialists, we’re constantly helping buyers address their fears about purchasing real estate. Some are very valid, while others are simply fear of the unknown. If you know someone going through pre-homebuying drama , please share this post with them, so they know they’re not alone, and understand how to overcome! 🙂

1. Fear of getting rejected.

There are WAY too many renters missing out on today’s buyer’s market simply because they are afraid to get qualified. They’re afraid that one bill they forgot to pay 5 years ago or those charged off accounts from college will keep them from buying a home forever. This is NOT true!! Everyone has dings on their credit, it does not mean you’ll be excluded from buying a home.  At least talk to a lender and see what steps you need to take next to get qualified.  Interest rates are ROCK BOTTOM right now, you owe it to yourself to try 🙂

2. Fear of losing good faith deposit.

A typical California ‘Good faith’ deposit (GFD) is 3% of the purchase price. Buyers write a ‘Good faith’ check and submit it with their offer, and if their offer is selected, the check is cashed and the escrow process begins. We’ve seen lots of buyers hesitate to write this check because they believe once the check clears, they MUST buy that property. In California, this is FAR from the truth. Your GFD is simply funds you as the buyer put forward to show your commitment to the property as you do your due diligence. During this due diligence contingency period, you can decide against the property and have your deposit returned for any reason, so don’t lose a great property because you are in fear of making a deposit!

3. Fear of overpaying.

Even though today’s buyers know the market better than ever with access to the MLS via internet and home value apps everywhere, buyers are still afraid to make a move in fear they will have ‘overpaid’ for a property they fell in love with, and be stuck underwater for years and years. (Sound like any renters you know??) Nothing could be further from the truth. Unless you are paying CASH for a property, it’s impossible for you to overpay, because there are systems of checks and balances in place to ensure this does not happen. During your ‘due diligence’ period, your lender is also doing their due diligence to make sure this is a solid property to loan you money on. The lender will send out an appraiser, and the appraiser’s sole job is to confirm the property is worth the price you offered on it. So rest easy knowing the bank will never loan you more money than the property is worth, even if you wanted to overpay. Plus, having an experienced buyers agent as your Realtor will also help you avoid overpaying, so you’re double covered 🙂

4. Fear of choosing a lemon.

We’ve all seen “The Money Pit” with Tom Hanks….YIKES! There are a lot of people out there who believe sellers will lie, cheat and steal to get their property sold. (and sometimes they may try to!) Fortunately for today’s homebuyers, a property inspection is conducted to ensure the home you love is not a lemon. There are quality home inspectors all over Orange County and they will inspect your property while its in escrow to make sure all the electrical, plumbing, appliances and structure is in working order. After a buyer’s inspection is complete, it is also typical to submit a ‘request for repairs’ to the seller with a list of items you would like addressed before moving into the property. Every property will have its problems, but buyers will always go into the situation with eyes wide open as long as they get a a property inspection with a quality inspector.

5. Fear of overextending.

Another completely valid buyer fear is over extension. “What if I bite off more than I can chew”? “What if I get laid off”? “What if I need to move”? These are all GOOD things to consider, but, they are not reasons why you should rent in fear the rest of your life. Actually, if you rent until you retire, you’re going to have a lot of reasons to worry how you’ll keep the roof over your head. Ideally, you’ll purchase a property, pay down the mortgage, and live in your paid off property after retirement 😉 In order to safeguard your investment, its a really good idea to have 3-6 months worth of reserves in the bank in case you do lose your job or need to move and find a renter for your property.  Talk to your financial advisor about how much you should have in reserves so you don’t overextend and have to eat ramen noodles for the rest of your life.  Its bad for your health.

What makes you hesitate to buy a home? If you’ve already bought your first property, do you remember your biggest fear when you took the plunge the first time? Please share by commenting below or tweeting @weeksteam or @angieweeks – we’d love to hear your story!!

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Owning Laguna Hills Real Estate May Take Some Creativity

Posted on June 2, 2011. Filed under: First Time Buyer help, Making Life Easier, Orange County Home Improvement, Orange County Real Estate | Tags: , , , , , , , , , , , , , |

“As Orange County realtors with specialization in Laguna properties, the Weeks team has been successful at helping folks just like yourself actualize your dreams and own a piece of Laguna Hills real estate.   It is always recommended that you consult a financial advisor when it comes to a large purchase, but don’t be surprised if you find out that you may qualify as a candidate to own Laguna Hills real estate!”  –  “Laguna Hills Real Estate –  Creative and Savvy Ways to Own”, OC METRO.

Though many people don’t see themselves as potential homeowners, most people with somewhat decent credit just need to think outside the box a little to get into a home. Whether its sharing payments with roommates, using another property as leverge, or having a family member co-sign, it may take creativity to get that Laguna Hills real estate you’ve always wanted.  Find out what some creaive homeowners did to afford their Laguna Hills real estate!

Click here to read the full article, entitled, “Laguna Hills Real Estate –  Creative and Savvy Ways to Own”.

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