Orange, CA Real Estate News

By Cameron Novak, Featured Corona Real Estate Agent Team
(The Homefinding Center)
If you're considering a Short Sale in Orange County... Don't be misled If you've been paying attention to the real estate market, you're bound to have seen many agents claiming to offer FREE Short Sale help.  For the unsuspecting homeowner considering a short sale for practical reasons, or even facing foreclosure, it may sound great... but use CAUTION.  What good is the FREE help if the agent you've contracted isn't really a short sale expert?  You might just end up losing your home to foreclosure due to the inexperience of an agent trying to pull a fast one by marketing their services as FREE or telling you they know what they're doing. The fact is that competent short sale agents DON'T ever charge the homeowner for their short sale negotiation help.  True Short Sale Experts negotiate...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division  (714) 588 -7676 ∙  www.remaxann.com   If you are in a situation where: • You lost your job • Your Medical Expenses are too high • Just went through/going through a divorce • You are behind on your payments • You have no equity • You can't afford the cost of selling your home • Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit approx 3 years • BE FREE of financial and emotional burdens!     We are lice...
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By Jared Tafua
(Prudential California Realty)
This home is located at 238 N Bobwhite Way in Orange. Imagine greeting your guests in the impressive foyer. Cabinets and counter space abound in the delightful kitchen. The comfortable family room boasts beautiful warm colors and is a perfect place to entertain family and friends. You'll love entertaining in the convenient formal dining room. This traditional fireplace warms the room nicely. Contact your REALTOR® today to arrange for a personal showing.
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By Carin Arrigo-Zimmer, TopBroker Network Real Estate
(TopBroker Network Real Estate)
This is one of my favorite places to hang out in the city of Orange. I discovered the Orange Senior Center a few years ago when I    took my dad-in-law to visit. Prior to residing in assisted living and now a board and care home, Dad lived quite independently. Other than hanging out with me (I was his primary caregiver at the time), his buddies at Kiwanis and Mark, his part-time caregiver, Dad didn’t have too much of a social network. Being the resourceful chick, I investigated the center and just KNEW Dad needed to go. Too sequestered in his home, or so I thought. I mean, who wouldn’t love a bit of bingo then lunch? LAME-O me. We sat among the other seniors for a short time. Let’s just say Dad had better places to be, like his own house, for example. “These people are too old!” said t...
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By Suzanne Horsburgh
(Buy America Real Estate Services)
I want to share important news for all homeowners who want to sell their home in 2010. As you know, in this economy, home buyers and home sellers have to be smart. In 2009, home buyers started to close escrow and take advantage of the homebuyer's tax credit. We realtors saw home sales start up tick; until in November 2009 when the $8,000.00 tax credit was pulled. At that moment we experienced qualified buyers looking to purchase, slowed to a trickle. It was not until the December when the Senate renewed the $8,000.00 dollars tax credit that we saw modest excitement return to the marketplace.  Chief NAR economist Mr. Yu said the tax credit will not be renewed after June 30th 2010. So, if you want to sell your home quickly and for top dollars, choose a proven professional to market your h...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
Successful Orange Short Sale!! The sellers owned the home for approx 12 years and did refinance. The seller came to me 7 days prior to their trust deed sale date. (Auction date) They had one mortgage at 748k The value of the home was 425k The bank accepted 360k cash offer We closed escrow on the Orange short sale 7 days from the date I listed the property. This short sale was completed in 7 days. This is an unusual circumstance. The lender paid all the closing costs and the sellers received a full settlement.   Thinking of short selling your home list with an expert. www.orangecountyshortsalerealtor.com for more info. Your Orange County Short Sale Realtor   #01451803
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By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Entry Level Home Sales - The Hottest Selling Market in Orange County CA (part 2)   By now you've read the market update in part 1 so we'd like to change it up again and profile a second buyer. Same exact criteria, only they have a maximum budget of $300,000 for the same area. This is a very typical buyer today and one that we run across everyday. Often times, they will be looking at getting an FHA loan which will further reduce the available inventory open to them. When we run this buyers criteria (not counting FHA limitations) according to the following criteria3+ Bed 2+ Baths 1000+ sqft living space 5,000 sqft lot 2+ car garage max price $300,000 here is what we get: (16) Anaheim (3) Buena Park (2) Fullerton (2) Garden Grove (1) La Habra (1) Orange (25) Santa Ana '(1) Stanton (1) West...
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By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Entry Level Home Sales - The Hottest Selling Market in Orange County CA (part1)   Many homebuyers are under the impression that the current down market is just begging them to be in it. In many areas and price points this is truly the case; however, it is currently not the case in Orange County, CA at the entry-level single family home price point. The main reason.......Inventory (or rather a lack thereof). Here's what we mean:Going off our most popular search criteria given by our clients in the last 6 months to a year, we profiled the following hypothetical buyer looking for a single family house with:3+ Bedrooms2+ Bathrooms1,000+ sqft of living space5,000+ sqft lot2+ car garageup to $400,000 maxHere's the Results across ALL of Orange County# of homes fitting criteria in (1) Anaheim H...
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By Peter Twain
(Progress)
REDUCED FOR QUICK SALE! BELOW COMPS! Possible owner financing (partial). 100%%%% RESTORED! Victorian Cottage completely restored to its former glory. Formal parlor with its original ornate Victorian fireplace. Look down to see the amazing diagonal red oak floors throughout the house. Huge crown molding caps the formal dining room with 11 ft ceilings and original china cabinet. The chef in the house will love the kitchen as he or she cooks on the 6 burner 1920s Magic Chef stove with its double ovens. This kitchen has it all, loads of cabinets all custom. Authentically mastered after other period kitchens. Master bedroom with its private bath with antique claw foot bath, new shower, antique pedestal sink, Kohler toilet and hidden walk-in closet. Total of 3 bedrooms, 2 full bathrooms, sola...
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By Carolynn Santaniello
(Seven Gables Real Estate)
Like it or not, the Federal Government has extended and expanded the Home Buying Tax Credit.  Considering the frenzy of home buying we have experienced in Orange County for the past few months it is clear that demand will remain high through the traditionally slow season.  Homes often receive multiple offers even in the $600K to $800K range.  Expanding the Tax Credit will bring more higher income Buyers into the market, thus increasing demand for higher priced homes.  Since a large portion of the inventory listed for sale are Bank Owned, or Short-Sales that may not even result in a close, Buyers have few choices.  Seller's should be taking advantage of the low inventory and high demand for the expanded price points while Uncle Sam is pointing his finger at YOU!  The Tax Credit details a...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
Successful Orange Short Sale!! The sellers owned the home for approx 12 years and did refinance. The seller came to me 7 days prior to their trust deed sale date. (Auction date) They had one mortgage at 748k The value of the home was 425k The bank accepted 360k cash offer We closed escrow on the Orange short sale 7 days from the date I listed the property. This short sale was completed in 7 days. This is an unusual circumstance. The lender paid all the closing costs and the sellers received a full settlement.   Thinking of short selling your home list with an expert. www.orangecountyshortsalerealtor.com for more info. Your Orange County Short Sale Realtor  #01451803
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By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Just Sold by us for $778,000  Beautiful Serrano Heights View Home!                 4 Bed 4 BathNearly 3000 Sqft 180 degree view lot               Built in 2002Not a short sale or reo.2651 N. Promontory WayOrange, CALearn more about real estate in the city of Orange with our home buying guide and then find the right home at our city of Orange homes for sale page
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By Lesslie Giacobbi
(Seven Gables Real Estate)
October 2009 Sales in Orange    $500,000-$1,000,000  For just the month of October in the city of Orange (92867,92869),in the price range $500,000-$1,000,000 The active inventory is 73 properties, with the average price at $705,984.  Average List Price /$ per sq. ft.:  ($705,984 /2524 sq. ft.) or $279.71 per sq. ft   Between the price range of $500,000-$1,000,000 there are 41 properties that went under contract.   There are 21 properties in "Back Up"- Average List Price /$ per sq. ft.: ($662,122/ 2541 sq. ft) $260.58 per sq. ft.   There are 20 properties in "Pending Sales" (Contingencies Removed) Average List Price /$ per sq. ft.: ($693,340 /2624sq/ ft),  $264.23  per sq. ft.   Sold and Closed There are 8 properties that have sold and closed for October Average List Price /$ per sq. ft....
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division  (714) 588 -7676 ∙  www.orangecountyshortsalerealtor.com   If you are in a situation where: • You lost your job • Your Medical Expenses are too high • Just went through/going through a divorce • You are behind on your payments • You have no equity • You can't afford the cost of selling your home • Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit approx 3 years • BE FREE of financial and emotional burd...
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By Momentum Realty, Orange County CA Real Estate Agent
(North Orange County CA Real Estate Specialists)
Orange/Orange Park Acres, California Real Estate Market Report- November 1st, 2009Orange/Orange Park Acres Active Listings= 277Lowest priced listing in Orange/Orange Park Acres = $143,900.00Highest priced listing in Orange/Orange Park Acres = $4,495,000.00Active Listings Property Type: 224 Single Family Residences 53 Condos/Townhouses                                Active Listings Sale Type: 184 Standard Listings 17 REO* Listings 76 Short Pay** Listings                               Active Listings Price Range: 152 priced at or above $500,000.00 125 priced below $500,000.00                               Orange/Orange Park Acres properties in Pending & Back Up Status= 234Pending & Back Up Status Listing Type: 100 Standard Listings 26 REO* Listings 108 Short Pay** Listings                ...
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By Kaaren Hall, You can invest in real estate using your IRA!
(uDirect IRA Services, LLC)
Checkbook Control The IRA-Owned LLC Join Attorney Brad Barth and Kaaren Hall from uDirect IRA Services, LLC for a free educational seminar to explore the latest tools and techniques to protect your wealth and retirement assets through the use of IRA-LLCs. Date: Tuesday, December 8th, 2009 Time: 6:00 pm to 8:00 pm Location: 333 City Blvd West, Orange, CA 92868 (Building's Main Lobby - Large Conference Room) Due to limited space, RSVP is required. No products will be sold. Register by calling (714) 460-5505 www.udirectira.com
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By Carin Arrigo-Zimmer, TopBroker Network Real Estate
(TopBroker Network Real Estate)
Not all seniors are old. Nor are they bitter, grumpy or dumb. What's great abou seniors who are genuine life-lovers is their capacity to share of themselves in such a way, one can't help but smile and walk away a better person than before meeting that awesome person!   I've had the pleasure of attending something called the Orange County Roundtable for the last eighteen months. The meetings revolve around seniors' needs and the businesses who service and resolve those needs. People working from in-home care businesses to assisted living providers, real estate consultants, and non-profit organizations, we meet monthly at The Orange Senior Center sharing the same goal: to use our businesses in ways to help seniors and their families throughout Orange County. What strikes most is the care,...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
Successful Orange Short Sale!! The sellers owned the home for approx 12 years and did refinance. The seller came to me 7 days prior to their trust deed sale date. (Auction date) They had one mortgage at 748k The value of the home was 425k The bank accepted 360k cash offer We closed escrow on the Orange short sale 7 days from the date I listed the property. This short sale was completed in 7 days. This is an unusual circumstance. The lender paid all the closing costs and the sellers received a full settlement.   Thinking of short selling your home list with an expert.   www.orangecountyshortsalerealtor.com for more info. Your Orange County Short Sale Realtor #01451803
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By Lesslie Giacobbi
(Seven Gables Real Estate)
September 2009 Sales in Orange  $500,000-$1,000,000  For just the month of September in the city of Orange, in the price range $500,000-$1,000,000The active inventory is 112 properties, with the average price atAverage List Price /$ per sq. ft.:    ($709,481/2480 sq. ft.) or $286.08 per sq. ft Between the price range of $500,000-$1,000,000 there are 39 properties that went under contract.   There are 15 properties in "Back Up"- Average List Price /$ per sq. ft.: ($709,481/2541 sq. ft) $286.08 per sq. ft.   There are 20 properties in "Pending Sales" (Contingencies Removed) Average List Price /$ per sq. ft.: ($650,100/2436sq/ ft),  $266.87  per sq. ft.   Sold and Closed There are 4 properties that have sold and closed for September Average List Price /$ per sq. ft.: ($661,875/3250 sq/ ft)...
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