Pacific Hills at Mission Viejo CA – Fantastic Home Lease Opportunity

27099 Pacific Terrace Drive home

Fabulous Pacific Hills at Mission Viejo CA Home Lease Opportunity

(CRMLS No. OC17024598)

27099 Pacific Terrace Drive, Mission Viejo – 4 bedroom and 3 bath detached single family home at Pacific Hills

Pacific Hills home at 27099 Pacific Terrace Drive

 

 

Spacious detached home in Pacific Hills and wonderful neighborhood – with two car attached garage.

Open concept floor plan presents more than 3,500 SF living space, 4 bedrooms + loft and 3 full baths.

 

Living room entertainment area

 

Soaring ceilings and large windows create bright rooms with natural light.

Great family room with huge ceilings and windows

 

 

 

 

Architectural design elements combine dramatic volume ceilings, recessed lighting, angles and columns, 3 fireplaces, recessed art niches and decorating ledges for a stylish modern  modern appeal.

Remodeled kitchen – 27099 Pacific Terrace Drive

 

 

 

 

Gourmet kitchen is the ideal space for cooking and gathering, with granite counter tops, stainless steel appliances, 5 burner gas cooking surface, and center island – opening to family room with access to private backyard.

 

Loggio style outdoor room

 

Loggia “California style” exterior room” – perfect for alfresco dining and outdoor entertaining year round.

 

 

 

 

Retreat area at master bedroom suite

 

 

Work or relax in the expansive master bedroom retreat with volume ceilings and walls of windows for spectacular views toward lush green hillside.

 

 

27099 Pacific Terrace Drive is located near retail and restaurant centers, shopping, medical facilities, award winning schools and easy transportation access!

See this fantastic Pacific Hills home lease opportunity.  Presented at $4,600 per month on annual lease.  [CRMLS multiple listing service number OC17024598]

Christi and Harrison Long are listing agents for this home lease opportunity. Contact us by cell or text at 949-701-2515 for your showing and questions about this home.

By Harrison K. Long – Professional real estate representative and REALTOR®,  HomeSmart Evergreen Realty.  Recently honored as “REALTOR® of the Year 2016” by the Orange County Association of REALTORs®.  Representing sellers, buyers and investors.  Real estate broker CALBRE #01410855.  Currently serving as an appointed director at the California Association of REALTORs®.  

Connect with us by cell or text at 949-701-2515.

CONTACT US here“Pacific Hills at Mission Viejo CA – Fantastic Home Lease Opportunity”

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Orange County CA Home Selling Market Conditions Are Perfect

Lido Isle homes

Orange County home sellers will find market conditions perfect for selling now (January to February 2017).

With such hot housing market conditions, there is no need to wait until Spring to list and sell your home.

Orange County has very low number of homes for sale and solid market buyer demand at the same time.

If you are a homeowner who wants to sell, don’t wait until the “Spring Market”.

Conditions are best now for home selling – during February 2017.

Homes that are priced below $1.5 million are in a HOT market, and the market is also hot where prices are below $750,000.

Why are the home selling conditions so favorable compared to the last few years?  Current buyer demand is strong, and the active inventory is at anemic low levels. Compared to last year, there are 11% fewer homes on the market now, and 19% fewer than 2015.  Market demand (new pending sales over the prior month) is very similar to 2016.

The expected market time (the time it would theoretically take to list a home today and then place it into escrow) dropped from 84 days two weeks ago to 67 days on January 29 – because supply of homes for sale dropped slightly while demand (new pending sales) were up.

What keeps buyer demand from being even higher today is the lack of homes for sale inventory. Sellers who opt to sell now and don’t wait until spring are taking advantage of a ripe market.

When a home is priced closed to its “Fair Market Value” and is in good condition, it should move off the market quickly.

Home sellers should work with an experienced and qualified Realtor agent who will negotiate for your best interest.

Carefully pricing by seller will result in selling at or above the asking price.

But pricing the home too high will result in wasting valuable market time, which is the first 3 weeks after coming on the market.

For those who opt to “wait until the spring,” there will probably be more buyers looking to purchase, but there will also be a big increase in number of sellers.

Increased buyer demand usually is followed by increased supply and more homes for sale.

Contact us by cell or text at 949-701-2515 about listing and selling your home.

By Harrison K. Long, Professional real estate representative and REALTOR®,  HomeSmart Evergreen Realty.  Recently honored as “REALTOR® of the Year 2016” by the Orange County Association of REALTORs®.  Representing sellers, buyers and investors.  Real estate broker CALBRE #01410855.  Currently serving as an appointed director at the California Association of REALTORs®.  

Connect with us by cell or text at 949-701-2515.

CONTACT US hereSource of some information for this article is Steven Thomas and his ReportsOnHousing.com.

“Orange County CA Home Selling Market Conditions Are Perfect”

Posted in OC home value guide, OC Property news, Orange County home buying, Orange County home selling, Orange County home values, Orange County Property News, Orange County real estate | Tagged , , , , , , , , , , , , , , , , | Leave a comment

PACE Liens Financial Disclosure and 3-Day Rescission Right – New CA Law Effective Jan. 1, 2017

CA laws and Real EstatePACE Liens Financial Disclosure and 3-Day Rescission Right – New CA Law Effective Jan. 1, 2017

  • A property owner may not participate in a PACE lien program without delivery of a detailed financial disclosure document received before contractual consummation.
  • The disclosure document must contain a variety of notices and warnings including a notice that the property owner may not be able to refinance or sell without paying off the PACE obligation. The property owner also retains a 3-day rescission right detailed in a statutory form.
  • Statements as to increased value of the property cannot be made unless based on a valuation as specified.
  • Existing law requires home loans to be accompanied by the Truth in lending RESPA Integrated Disclosure (TRID), which is intended to allow an “apples to apples” comparison shopping of various loan products.
  • PACE transactions are technically not loans and are not required to be accompanied by a TRID disclosure.
  • Current law gives delinquent PACE assessments “super-priority” status, as part of the tax bill, over other recorded obligations; lenders require these “super liens” to be paid off before any new financing can be obtained.
  • Requires a TRID-like disclosure be provided to a property owner participating in a PACE program, a 3 day right of rescission, and a notice that the property owner may not be able to refinance or sell without paying off the PACE obligation.
  • Prohibits making monetary or percentage representations of increased value to a property owner regarding the effect the financed improvements will have on the market value of the property unless the estimate of market value is based upon either “an automated valuation model,” a broker price opinion or an appraisal by a licensed appraiser.

AB 2693 codified as Government Code § 53328.1 and Streets and Highways Code §§5898.15, 5898.16 and 5898.17.

By Harrison K. Long, real estate attorney at Orange County CA – Member of CA State Bar Association #69137.  Real estate broker – CALBRE #01410855.  Source of information is the California Association of Realtors and CA legislative and laws information.  This is for information only and is not the providing of legal services.

real-estate-attorneyFor further information and/or professional legal services consultation, contact Harrison by text or cell at 949-701-2515 – or by email at ExploreProperties@gmail.com.  

“PACE Liens Financial Disclosure and 3-Day Rescission Right – New CA Law Effective Jan. 1, 2017”

Posted in CA real estate laws, California laws, California real estate, Home selling guide, OC home value guide, OC Property news, PACE financing | Tagged , , , , , , , , , , , , , , , , | Leave a comment

223 Via Eboli, Lido Isle at Newport Beach CA

223 Via Eboli – Lido Isle exclusive residential community at Newport Harbor

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 Classic, single-level Lido Isle beach cottage at prime street-to-strada location.

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Sought-after, quintessential and exclusive Lido Isle community.

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Sunny, south facing and gated courtyard with Mediterranean-style fountain. Dutch door carries ocean breezes into the light and airy interior of home.

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Expansive main living area features open beam ceiling, picture window toward the courtyard, fireplace and wrap around hearth ~ the perfect space to relax and entertain!

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Bright kitchen upgraded with stainless steel appliances, 5-burner Dacor convection/range & refrigerator.

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Master bedroom has fireplace, built-in shelves, large walk-in closet with organizer system, and en suite bath w/ dual vanity.

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Garden area on the strada.

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Private community playground and beach at Newport Harbor.

5953672300_e250602714_zFabulous Lido lifestyle and world class amenities ~ private community clubhouse, Yacht Club, sailing, tennis courts, beaches, boat docks, parks and social activities. Come see this best value and opportunity at Lido!

Click here to see more information and photographs. 

CRMLS multiple listing service #OC16718800

Property Presented by Christi and Harrison Long, Real Estate Professionals and Realtors.  Please contact us by cell or text at 949-701-2515.  CALBRE #01410855 and CALBRE 01438859.

“223 Via Eboli – Lido Isle at Newport Beach CA”

Posted in Home selling guide, Home selling tips, Lido Isle homes, Newport Beach CA, Newport Beach homes, Newport Beach listings, Newport Beach real estate, Newport Beach REALTOR®, Orange County home selling, Orange County Property News | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

East Costa Mesa CA Real Estate Market Still Favors Sellers

East Costa Mesa CA Real Estate Market still favors sellers who are happy with solid home sales and prices.   

East Costa Mesa single level home

East Costa Mesa single level ranch-style home

East Costa Mesa

East Costa Mesa is famous for its single level ranch-style homes that were originally built between 1953 and 1965.

72 East Costa Mesa homes were sold during the three months ending August 31, 2016. 

  • $960,400 was average home selling price at East Costa Mesa during those 3 months.
  • 1,796 sf was average interior size of East Costa Mesa homes sold during that time.
  • $534 per SF interior size was average home selling price at East Costa Mesa during that time.
  • 70 days was average time on market for those sold East Costa Mesa homes.

61 East Costa Mesa homes were sold last year during same three months ending August 31, 2015.

  • $917,705 was average home selling price at East Costa Mesa for that time last year ending August 31, 2015.
  • 1,808 sf was average interior size of East Costa Mesa homes sold during August last year.
  • $507 per SF interior size was average home selling price at East Costa Mesa during that time end August 31, 2015.
  • 62 days was average time on market for those sold East Costa Mesa homes same time last year.

East Costa Mesa homes

East Costa Mesa homes

What this means:

East Costa Mesa continues to be a hot market that favors sellers.

East Costa Mesa home sales are up 19.6 percent this year as compared with same time last year.

Average home selling price is up 4.8 percent this year as compared with same time last year at East Costa Mesa.

East Costa Mesa is one of the most popular areas for home buyers and renters at Orange County CA. 

Connect with Us HereContact us here to see East Costa Mesa homes and selling values and property opportunities.

By Harrison K. Long – Realtor, professional real estate representative. Real estate broker – CALBRE #01410855 – contact by cell or text at 949-7021-2515.

Source of information is CRMLS multiple listing service and is for homes represented by all brokers and agents – and does not include data for new home sales directly from the builders to the public.

See East Costa Mesa homes for sale – click here

“East Costa Mesa CA Real Estate Market still favors sellers.” 

Posted in Costa Mesa home values, Costa Mesa homes, Costa Mesa Live, Costa Mesa real estate, Distressed properties, Home selling guide, Market update | Tagged , , , , , , , , , , , | Leave a comment

Orange County CA Real Estate Market Heat Wave Continued this Summer 2016

Orange County CA real estate market heat wave continued this summer 2016 – after a sizzling springtime.
OC housing demand, 8-14-2016

Orange County home selling and buying strayed from normal patterns and stayed hot during the summer.

Orange County home buying surprised prognosticators and didn’t slow down much during time of summer distractions – such as school graduations, fun in the sun, kids out of school, family vacations, trips to the beach, surf and sand, dips in the pool, picnics in the park, playtime and otherwise.

OC Property News

Summer 2016 housing market has been the hottest summer since the heydays prior to 2007. 

Orange County experienced a different buyer demand, which increased by 5% during July 2016 – not like a typical summer downturn.

Market demand, the number of new pending sales over the prior month, increased from 2,783 to 2,935 during July 2016.  Compare that to last year 2015 when demand decreased by 2% from 2,810 to 2,762 (6% less than today’s level).

Why did the Orange County housing market stay warm this summer 2016?

  • Orange County housing has healed.
  • Foreclosures and short sales are things of the past and now make up less than 3% of all closed sales (During 2012 foreclosures and short sales represented 31% of the market).
  • Now that Orange County housing has been restored and number of distressed properties is low, the Orange County market is expanding.
  • Rock bottom interest rates and those for mortgage home loans, even lower than last year, inspires a recipe for strong demand.
  • This year, like every year since 2008, fewer homeowners are opting to sell.  There are 30% fewer homes on the market compared to 2000 through 2007. People are staying in their homes longer and not moving.  On average, the current turnover rate for homeowners is 23 years (which is much longer that prior to 2007).
  • With low supply of homes and strong buyer demand, Orange County housing stayed warm.
  • There are now 19% fewer homes on the market below $500,000 compared to last year at this time.  As home values go up, this low price range is vanishing.

Orange County housing market price ranges:

  • For homes priced below $750,000, the market is hot with an expected market time of just 50 days. (This range represents 45% of active inventory and 67% of demand).
  • For homes priced between $750,000 and $1 million, the expected market time is more balanced, about 84 days (a slight seller’s market),
  • For luxury homes priced between $1 million to $1.5 million expected market time of 114 days (buyer’s market).
  • For homes priced between $1.5 million to $2 million, expected market time is at 159 days (a buyer’s market).
  • For luxury homes priced above $2 million expected market time is now at 304 days (a buyer’s market).
  • For all Orange County homes, expected market time is now at 75 days (a slight seller’s market).

From now through October, pace of Orange County home selling is expected to slow down, and buyers will get some better opportunity – when housing moves towards a balanced market.

Best approach for sellers when market moderates this fall:  Don’t overprice your listing.  When buyer traffic is down and market time is rising, you need to be careful with list pricing, which is fundamental to achieve your seller success.

Best approach for buyers when market moderates this fall:  Focus on buying at Fair Market Value price.

CONTACT US

Contact us for more information about ORANGE COUNTY CA home buying and selling.

By Harrison K. Long – Realtor, professional real estate representative, and real estate broker – CALBRE #01410855.  Contact us by cell or text at 949-701-2515.  Thank you.

One of our goals is to provide the best and up-to-date real estate market information for buyers, sellers and investors.  Source of some information is CRMLS multiple listing service and ReportsOnHousing.com (including graphic) and is for homes sold by all brokers and Realtor agents.

“Orange County CA real estate market heat wave continued this summer 2016”

Posted in Coast Living Homes, Home buying Strategy, Home selling, Home selling guide, Home selling tips, OC home value guide, OC Property news, Orange County home buying, Orange County home selling, Orange County home values, Orange County Property News, Orange County real estate | Tagged , , , , , , , , , , , , , , , | Leave a comment

East Costa Mesa CA Single Level Ranch Style Homes

East Costa Mesa single level homes

138 Walnut

East Costa Mesa single level homes

235 Broadway

East Costa Mesa single level ranch style homes have been amazingly popular for buyers over many years.

 

 

ECM single level homes are mostly detached SFR properties. 

 

 

 

East Costa Mesa homes

 

29 single level ranch style homes at East Costa Mesa are now listed for sale.  Click here to see multiple listing service information for these homes.

East Costa Mesa CA single level homes

174 Costa Mesa Street

 

 

 

 

 

 

CONTACT US

Contact us for more information about East Costa Mesa homes for sale and selling prices and values.

What is your home worth?  Click here and find out for free!

By Harrison K. Long – Realtor, professional real estate representative, and real estate broker – CALBRE #01410855.  Contact me by cell or text at 949-701-2515.  Thank you.

Source of information for this article is the Association of REALTORS®/Multiple Listing Service and is for homes for sale or sold by all brokers and Realtor agents.

“East Costa Mesa CA Single Level Ranch Style Homes”

Posted in Costa Mesa home values, Costa Mesa Live, Costa Mesa real estate, East Costa Mesa | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Best Price and Value for SFR Home on the Market at Tustin CA

Best Low Price and Value for a single family home now on the market at Tustin CA – 13621 Fairmont Way

13621 Fairmont Way, North Tustin, CA

13621 Fairmont Way, North Tustin, CA

13621 Fairmont Way offers true homebuyer value opportunity!

13621 Fairmont Way - marketing Flyer, 6-14-2016

Large detached SFR home with 4 bedrooms and 2.5 baths – 2,848 SF of interior living space.

Large kitchen & windows toward back yard

Large kitchen & windows toward back yard

$799,000 list price – which is $280 price per SF interior size.

Back yard at 13621 Fairmont Way

Back yard at 13621 Fairmont Way

Expansive kitchen opens toward back yard.

Master bedroom ensuite

Master bedroom ensuite

Enormous lot at 7,200 SF size – Private back yard for family fun activities, gatherings and entertaining.

Dining room with doorway toward private back yard

Dining room with doorway toward private back yard

Open house house for visitors on Sunday afternoon, June 19, 2016

Contact us by cell or text at 949-701-2515 for home showings and more information.

Harrison K. Long, Realtor and agent for seller – professional real estate representative and real estate broker CALBRE #01410855 – Broker associate at HomeSmart Evergreen Realty, Orange County, CA.

MLS #OC16091373 – $799,000

“Best Price and Value for SFR Home on the Market at Tustin CA”

Posted in Home selling, Home selling guide, Home selling tips, OC home value guide, OC Property news, Orange County Association of REALTORs, Orange County home selling, Orange County home values, Orange County Property News, Orange County real estate, Tustin homes | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Orange County CA Home Selling Prices Continue Upward Swing

Orange County CA homes for sale numbers are up with more than 6,200 homes listed for sale as of May 20, 2016.  

Increasing homes for sale numbers being up is consistent with this time during prior years.

Orange county home selling prices

Home selling prices continue to move up with $645k median sold price as of May 20, 2016 (according to Orange County Register article).

Orange County Register article, June 12, 2016

Orange County Register article, June 12, 2016

 

Contact us for further information about Orange County homes and the selling and buying process.

Harrison K. Long, Realtor and agent for seller – Professional real estate representative and real estate broker – CALBRE #01410855 – Broker associate at HomeSmart Evergreen Realty, Orange County, CA.  Contact me by cell or text at 949-701-2515.

“Orange County CA Home Selling Prices Continue Upward Swing”

Posted in Home selling, Home selling guide, Home selling tips, Live at Orange County, OC Property news, Orange County home selling, Orange County home values, Orange County Property News, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

13621 Fairmont Way, Tustin, CA – Featured Home

13621 Fairmont Way, North Tustin, CA

13621 Fairmont Way, North Tustin, CA

Amazing home for sale and value buyer opportunity at 13621 Fairmont Way, Tustin, CA

Large detached SFR home with 4 bedrooms and 2.5 baths – more than 2,800 SF of interior living space.

Large kitchen & windows toward back yard

Large kitchen & windows toward back yard

 

Expansive kitchen opens toward back yard.

Back yard at 13621 Fairmont Way

Back yard at 13621 Fairmont Way

Enormous back yard for fun family activities, gatherings and entertaining.

Master bedroom ensuite

Master bedroom ensuite

Open house house for visitors on Saturday afternoon, May 28, 2016 – MLS #OC16091373

Home description and value opportunity

Home description and value opportunity

Contact us for more details about this home by cell or text at 949-701-2515.  Harrison K. Long, Realtor and agent for seller – CALBRE01410855 – Realtor and broker associate at HomeSmart Evergreen Realty, Orange County, CA.

MLS #OC16091373

 

Posted in Featured home, Home selling, OC home value guide, OC Property news, Orange County real estate, REALTOR® | Tagged , , , , , , , , , , , , , , , , | 1 Comment