Tag Archive: California


            California….that’s the answer, specifically to sunny Orange County. Would you like to know the why, where when and how of this question/answer?

Scenario #1, a couple from Wisconsin interested in taking advantage of the currently deflated value of the Orange county home market, who would like a home with an ocean view. This would be a second/vacation home and possibly a rental property as well. They are intimately aware of the potential for property values to increase at a reasonable pace (unlike the prior bubble, this time property values will increase at a moderate pace) and see great value in purchasing a dream home at a bargain price. I informed them that a second home purchase would require more than a 25% down payment from a lender, not a problem was her response! The couple will be in town next week to look at condominiums along the coast, with an ocean view. Some of which can be purchased for a mere half million dollars! This may sound high, keep in mind 4 years ago these properties were going for ¾ of a million and beyond! The most important factor when determining a home price is location, and locations like this are few and far between!

 Scenario#2 a couple from Boston looking for an incoming producing property and capable of paying all cash for the home. They would like a fixer, preferably an reo or short sale as that is where the best deals are to be had. They have family in Irvine, and would like to possibly move down here sometime in the future. In the mean time the will be renovating the home they chose, and then renting it out for an 8-10% return on investment annually! Jumbo Cd’s, or certificate of deposits for 5 years and 100k minimum investment yield approximately 2.55%, a 10% return on investment is a considerably higher yield!

 Both of these scenarios are clients I am actively working with to help fulfill their financial goals. Opportunities abound in this economy; more millionaires were made in the great depression than in any other era of history (J Paul Getty, Howard Hughes, Gene Autry). According to N.A.R  an astounding 32% of all  home purchases in the United States are ALL CASH! Have I piqued your interest?

Thinking of buying a home, selling a home or possibly relocating? Give me a call, Carlos J. Amador @ (562) 833-4292.

Third quarter home sales weren’t exactly vigorous, but, according to ZipRealty’s Quarterly Home Hunter Report, Q3 home sales in upscale and starter communities were more robust than they have been in many months.

According to ZipRealty, California has five of the nation’s “hottest” ZIP codes. ZIP codes are ranked by determining which average home sale price is most above the average list price by percentage.

“The gap between homes selling most above and below asking price appears to be decreasing,” said John Oldham,

director of marketing for Emeryville, California-based ZipRealty.

He continued, “[This is] an encouraging sign that prices may be stabilizing and both buyers and sellers could be adjusting to the new market reality.”

The report said that some homes in various price ranges were selling at around 5 percent above asking price, though this time last year homes in the country’s hottest ZIP codes were selling at an average of 13 percent above asking price.

The Greater Grand Crossing neighborhood in Chicago, Illinois was the country’s “hottest” ZIP code last quarter. Homes in this area sold for an average of nine percent higher than the asking price.

Also on the “hot” list are ZIPs in Fort Lauderdale, Florida; Covington, Washington; and North Las Vegas.

In contrast, in the “coldest” ZIP code, located in Durham, North Carolina, homes sold for an average of only 81 percent of the asking price. Even so, these numbers are still an improvement. The “coldest” ZIP code in Q2 was located in Winchester, Connecticut, where homes sold for an average of 72 percent of the asking price.

Buying your first home? Selling your house? Looking to relocate? Give me a call, Carlos J. Amador at (714) 626-8880 ext 117 or visit my website http://www.carlosjamador.com. For a no obligation free consultation. Free first time home buyer information for Fullerton, Orange County, and Los Angeles residents. Real Estate information for Fullerton, Orange County and Los Angeles residents. Home Sellers in Fullerton, Orange County, and Los Angeles.

Source:DSnews.com

OCTA bus 43 at the Fullerton Transportation Ce...

Image via Wikipedia

 

Average interest on 30-year fixed mortgages fell this week to 4.32 percent, matching the lowest level on record. Interest on 15-year loans, meanwhile, declined to 3.75 percent, setting an all-time low.

Investors have been flocking to the safety of Treasury bonds since the spring, which has driven down their yields and helped to keep rates at or near the lowest levels in decades.

Source: Boston Globe (10/01/10)

Interested in receiving more information on this article? Thinking about selling your house? Buying your first home? Give me a call, Carlos J. Amador at (714) 626-8880 ext 117 or visit my website at www.carlosjamador.com . For a no obligation free consultation.  

Free first time home buyer information for Fullerton, Orange County, and Los Angeles residents. Real Estate information for Fullerton, Orange County and Los Angeles residents.  

Participating Restaurants 

We have an AMAZING line up of Orange County’s Finest Restaurants for this Fall’s 2010 Restaurant Week. September 26th through Oct 2nd

 118 Degrees – Costa Mesa

230 Forest Avenue – Laguna Beach

320 Main Street – Seal Beach

 6ix Park Grill – Irvine Anaheim

White House – Anaheim

Andrei’s Conscious Cuisine – Irvine

 AnQi – Costa Mesa

Antonello’s – Santa Ana

 Bayside – Newport Beach

Belacan Grill – Tustin

Bistango – Irvine

 Bluewater Grill – Newport Beach

Bluewater Grill – Tustin

 Brasserie Pascal – Newport Beach

Canyon – Anaheim Hills

 Canaletto Ristorante Veneto – Newport Beach

Catal – Anaheim

Cedar Creek – Brea

 Cedar Creek – Laguna Niguel

 Cedar Creek – San Juan Capistrano

 Cha Cha’s Tacos and Tequila – Brea

Commonwealth – Fullerton

 Commonwealth – Newport Beach

Crystal Jade – Irvine

 Don The Beachcomber – Huntington Beach

Duke’s – Huntington Beach

 ECCO – Costa Mesa

Fire and Ice – Anaheim

French 75 – Laguna Beach

Geisha House – Santa Ana

Harborside Restaurant – Newport Beach

Haven Gastropub – Orange

 House of Big Fish and Ice Cold Beer – Laguna Beach

 Il Fornaio – Irvine

 JT Schmid’s Restaurant and Brewery – Anaheim

JT Schmid’s Restaurant and Brewery – Tustin

Kimera – Irvine

 K’ya Bistro – Laguna Beach

K’ya Street Fare – Anaheim

 Leatherby’s – Costa Mesa

LUCCA – Irvine

 Lulu’s Crêperie Café – Laguna Hills

Lumberyard – Laguna Beach

Mahe – Dana Point

 Mahe – Seal Beach

 Mario’s by the Sea – Laguna Niguel

 Marmalade – Tustin

 Marrakesh – Costa Mesa

McCormicks and Schmicks – Anaheim

Medieval Times – Buena Park

 Melting Pot – Brea

 Melting Pot – Irvine

 Melting Pot – San Clemente

 Memphis at the Santora – Santa Ana

 Memphis Cafe – Costa Mesa

 Mozambique – Laguna Beach

Mr. Stox – Anaheim

Nello Cucina – Costa Mesa

 Newport Landing – Newport Beach

Nirvana Grille – Laguna Beach

Nirvana Grille – Mission Viejo

 No Ka Oi – Huntinton Beach

O’Neill’s at Arroyo

 Trabuco Golf Club – Mission Viejo

Opah – Aliso Viejo

Opah – Irvine

Palm Terrace at The Island Hotel – Newport Beach

Phan’s 55 – Fullerton

 Phan’s 55 – Irvine

Pinot Provence – Costa Mesa

Pirates Dinner Adventure – Buena Park

 Pizzeria Ortica – Costa Mesa

 Port – Corona Del Mar

Prego Ristorante – Irvine

Primecut Cafe – Orange

Quattro Cafe – Costa Mesa

RA Sushi – Huntington Beach

RA Sushi – Tustin

Ralph Brennan’s Jazz Kitchen – Anaheim

RAYA at The Ritz Carlton – Laguna Niguel

 Royal Khyber – Santa Ana

Ruth’s Chris Steak House – Anaheim

Ruth’s Chris Steak House – Irvine

 Rustica – Newport Beach

 Rusty Pelican – Newport Beach

 Sage Eastbluff – Newport Beach

 Salt Creek Grille – Dana Point

 Sandy’s Beach Grill – Huntington Beach

 Sapori Ristorante – Newport Beach

 Savannah Chophouse – Laguna Niguel

 Seasons 52 – Costa Mesa

 Shades Restaurant & Bar – Huntington Beach

 Signature Kitchen – Costa Mesa

 Simply Fondue – Mission Viejo

Simply Fondue – San Juan Capistrano

SOL Cocina – Newport Beach

Sorrento Grille – Laguna Beach

South Coast Winery Restaurant – Costa Mesa

 Sparks Woodfire Grill – Huntington Beach

Splashes – Laguna Beach

Summit House – Fullerton

Sundried Tomato – Laguna Beach

Sundried Tomato – San Clemente

 Sundried Tomato – San Juan Capistrano

Tangata – Santa Ana

TAPS Fish House and Brewery – Brea

The Beach House – Laguna Beach

The Californian – Huntington Beach at the Hyatt

 The Catch – Anaheim

 The Crow Bar and Kitchen – Corona Del Mar

The Next Door – San Clemente

The Lido Deck – Newport Beach

 The Matador – Fullerton

The Ritz Restaurant and Garden – Newport Beach

The Rooftop Lounge – Laguna Beach

The Winery Restaurant & Wine Bar – Tustin

 Tommy Bahama’s Island Grille – Newport Beach

 Tradition by Pascal – Newport Beach

Watermarc – Laguna Beach

Wildfish Seafood Grille – Newport Beach

Wolfgang Pucks – Costa Mesa

Zov’s Bistro – Tustin

 Zov’s – Irvine

Zov’s – Newport Beach

Official seal of Anaheim Island, Orange County...

Image via Wikipedia

 Time magazine is being overly pessimistic in its recent cover piece that called into question the benefits of homeownership. In fact, now is a great time to buy. And, what’s more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn’t changed.

Why is now a great time to buy? Here are 10 reasons:

1. You can get a good deal. Prices are down 30 percent on average. They’re at a level that makes sense for people’s income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It’ll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.
8. It’s forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year’s supply. Now’s the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.

Source: Wall Street Journal, Brett Arends (9/16/10)

 

Interested in receiving more information on this article, or possibly purchasing or selling your home? Give me a call,  Carlos J. Amador at (714) 626-8880 ext 117 or visit my website at www.yourfullertonhome.com  . For a no obligation free consultation.

Free first time home buyer information for Fullerton, Orange County, and Los Angeles residents. Real Estate information for Fullerton, Orange County and Los Angeles residents.

Official seal of Anaheim Island, Orange County...

Image via Wikipedia

      Have you felt that you might need  a larger home, a smaller home, a newer home, or  just interested in a  different area? Are you trying to save money by lowering your monthly payments? Have your children outgrown the bunk beds and need separate rooms?

     The average Orange County home seller will move up one and a half times in price from their current home.  People move for a variety of reasons

  • Probate (death in the family)
  • New addition to the family
  • Children are growing (need additional bedrooms)
  • Empty Nest (children have left)
  • Financial Hardship (Short Sale)
  • Job Transfer
  • Better Schools
  • Closer to Family

Snapshot of the Surrounding Areas

  East Fullerton Properties

Address Bed Bath Sq ft    Price     Lot  Size
2606 Amherst 4 3 1,875  $409k    9,690
507 Valencia 4 2 1,530  $409k  6,068
230 Marigold 4 2 1.633  $425k  9,720
1493 Rolling Hills 4 2 1,375 $433k 11,536
3016 Maple Ave 3 2 1,847 $435k 10.780
           
           
    Placentia Properties

Address Bed  Bath  Sq ft  Price Lot   Size
1608 Seville  4 2 1,940  $418K  7,000
1927 McCormack 4 3 1,849  $440k 7,200
642 Gardenia Ave 4 2 1,945 $445k 6,000
624 W. La Jolla 4 2 1,235 $459k 8,450
1813 Hammer Dr 5 3 2,303 $460k 7,210
     

Brea  Properties

Address Bed Bath Sq ft Price Lot  Size
548 S. Walnut 3 2 1,606 $409k  7,405
855 Berenice 3 2 1.583 $410 7,220
1261 Driftwood 4 2 1,437 $420k 13,391
546 Wakeforest 4 2 1,505 $445k 6,600
524 Laurel Ave 3 2 1,540 $449k 8,835
828 Carob St 3 2 1,691 $450k 6,250

 

 There are opportunities presenting themselves in every city. With interest rates at an all time low, you may be able to move up in 11/2 times or more in value. 

    If you would like to find out where you stand with regards to:

  • What your home is worth?
  • What your payments would be?
  • School report?

 Give me a call at (562) 833-4292 or visit http://www.yourfullertonhome.com/ for a free market analysis of what your home is worth . There is absolutely no charge and no pressure. When you are ready to move I am here for you.