Here is a real estate update for the Laguna Beach area as of December 6, 2011. The data is broken down by area and areas mentioned are: Newport Beach, Corona del Mar, Newport Coast, Laguna Beach, Costa Mesa - Eastside, Dana Point, San Juan Capistrano, Laguna Niguel, San Clemente, Shady Canyon - Custom, Turtle Ridge, and Aliso Viejo.
Laguna Beach Market Stats Dec 6 2011
Friday, December 9, 2011
Wednesday, December 7, 2011
Phenomenal Deal for a Home at Donner Lake!!!
Looking for a vacation home in Truckee at beautiful Donner Lake? This home is a phenomenal deal! Not a short sale or an REO, but priced like one!
Just reduced to $300K!! This is a killer deal for a home at Donner Lake!
Details on Donner Lake Home
3 bedrooms/2.5 bathrooms/1900 sq. ft.
Property Description
Just steps from Donner lake, this thoroughly remodeled, easy to care for, 3 bed/2.5 bath home has all the amenities one could want. The home boasts beautiful granite and slate accents throughout, great appliances, brand new tankless water heater, a central vacuum, and jacuzzi tubs that will make your lifeby the lake easy. Have friends over (plenty of parking) and enjoy a glass of wine on the deck with the filtered lake views.
13351 Sierra Drive
Just reduced to $300K!! This is a killer deal for a home at Donner Lake!
Details on Donner Lake Home
3 bedrooms/2.5 bathrooms/1900 sq. ft.
Property Description
Just steps from Donner lake, this thoroughly remodeled, easy to care for, 3 bed/2.5 bath home has all the amenities one could want. The home boasts beautiful granite and slate accents throughout, great appliances, brand new tankless water heater, a central vacuum, and jacuzzi tubs that will make your lifeby the lake easy. Have friends over (plenty of parking) and enjoy a glass of wine on the deck with the filtered lake views.
13351 Sierra Drive
Tuesday, November 22, 2011
Thursday, November 17, 2011
HÔM REAL ESTATE GROUP & Sotheby's International Realty
Exciting news for Hom Real Estate Group! It is now affiliated with Sotheby's International Realty!
HÔM REAL ESTATE GROUP & Sotheby's International Realty
HÔM REAL ESTATE GROUP & Sotheby's International Realty
Monday, October 24, 2011
HOM Real Estate Group & Sotheby's International Realty
 HÔM REAL ESTATE GROUP IS PLEASED TO ANNOUNCE WE HAVE JOINED THE SOTHEBY'S INTERNATIONAL REALTY NETWORK |
In today’s complex real estate market, it is important to capture every opportunity to better serve our clientele. To further our efforts, it is with great pleasure that we announce our affiliation with Sotheby’s International Realty Affiliates LLC.
For the past six years, HÔM Real Estate Group has been committed to providing quality service and extraordinary marketing in representing our clients and their properties. An alliance with a company specializing in the exposure of the finest properties world wide—enables us to market your property with the added benefit of a global network, accessing a broad, qualified client base including those associated with the Sotheby’s Auction House. HÔM Real Estate Group in association with Sotheby's will continue to be one of the strongest companies in the area providing superlative resources for you and the exposure of your property.
We look forward to a continued working relationship with you.
Sincerely,
Maura ShortTuesday, March 8, 2011
Is Now the time to buy?
Good words from the KCM Blog:
There is a very famous saying which asserts “Sell High, Buy Low”. It is obviously great advice no matter what the investment. Below is a graph showing the cycle of investments. It shows the points of maximum risk and maximum opportunity when purchasing. We want to sell high (point of maximum risk) and buy low (point of maximum opportunity).
The challenge is how to determine when we have hit bottom if you are a purchaser. The only time you can guarantee a bottom is after you pass it.
However, there is more and more evidence that the COST of a home has in fact hit bottom. Notice we have used the word COST. Unless you are an all cash buyer, you must take into consideration the expense of financing a property to determine the true cost of purchasing the home. Interest rates have increased over the last quarter; and the rise in rates has counteracted any fall in prices.
Let’s look at an example:
Let’s say you were going to take out a $200,000 30-year-fixed-rate mortgage in November of 2010. At that time, interest rates were 4.17% (as perFreddie Mac). Your principle and interest payment would have come to $974.54. According to the most recent report from Case Shiller house prices fell 3.9% in the 4th quarter of 2010. The most recent report from the Federal Housing Finance Agency shows a 0.8% fall in prices. Let’s use the larger percentage decrease: 3.9%.
For the sake of keeping the math simple, we will now say you can get the same house with a $192,000 mortgage (4% discount from November price). Interest rates are now 4.95% (as per Freddie Mac).
Your principle and interest payment would now be $1,067.54.
By waiting to pay less for the PRICE of the house, the COST increased $93 a month. That adds up to $1,116 a year and over $33,000 over the life of the loan.
We realize that there are other things to consider (ex. the mortgage tax deduction, etc.). This example is just a simple way to show that there is a difference between COST and PRICE.
There is a very famous saying which asserts “Sell High, Buy Low”. It is obviously great advice no matter what the investment. Below is a graph showing the cycle of investments. It shows the points of maximum risk and maximum opportunity when purchasing. We want to sell high (point of maximum risk) and buy low (point of maximum opportunity).The challenge is how to determine when we have hit bottom if you are a purchaser. The only time you can guarantee a bottom is after you pass it.
Let’s look at an example:
Let’s say you were going to take out a $200,000 30-year-fixed-rate mortgage in November of 2010. At that time, interest rates were 4.17% (as perFreddie Mac). Your principle and interest payment would have come to $974.54. According to the most recent report from Case Shiller house prices fell 3.9% in the 4th quarter of 2010. The most recent report from the Federal Housing Finance Agency shows a 0.8% fall in prices. Let’s use the larger percentage decrease: 3.9%.
For the sake of keeping the math simple, we will now say you can get the same house with a $192,000 mortgage (4% discount from November price). Interest rates are now 4.95% (as per Freddie Mac).
Your principle and interest payment would now be $1,067.54.
By waiting to pay less for the PRICE of the house, the COST increased $93 a month. That adds up to $1,116 a year and over $33,000 over the life of the loan.
We realize that there are other things to consider (ex. the mortgage tax deduction, etc.). This example is just a simple way to show that there is a difference between COST and PRICE.
Bottom Line
If you want to buy low, buy now. It appears COST has hit its lowest point.
Subscribe to:
Comments (Atom)