April 2013

There are 29 blog entries for April 2013.

What To Do With Your First Offer

This is part 4 of a series of 6 articles that guide homeowners through the home selling process. These articles provide insight and suggestions to help homeowners sell their homes.


Receiving your first offer or offers is an exciting moment. It’s the moment you know you’re actually going to sell your home, for better or worse. An offer may be near your asking price or it may be much lower but regardless of its value don’t reject your first offer and definitely don’t be offended by it. If a buyer low balled you, take it into consideration. If they offered your asking price, that’s great. Don’t accept it right away. Every offer has an expiration date, usually 1-2 weeks from submission, but that doesn’t mean you should

Mortgage rates moved sideways last week, as economic news continued to show restrained growth and housing’s acceleration slowed. The first estimate of the first quarter’s GDP came in at 2.5%. While certainly better than the final 0.4% GDP for the last quarter of 2012, the data revealed an economy far from ready to grow quickly. Sales of existing homes pulled back slightly, while new home sales climbed modestly. Housing is adding to economic growth. However, tight inventories may be restraining the level of growth that might otherwise occur. This week is full of important economic data and events. The Federal Reserve meets again to set monetary policy with little change expected. Inflation continues to remain in check, which should enable the Fed to…

Costa Mesa is a popular Orange County city for commuters. Major freeways run through it and it's close to Orange County's business center, Irvine. Good shopping, close to the beaches, and a little cooler than the rest of Orange County, it has something for everyone. This is a great time of year for home buyers to search Costa Mesa homes for sale as home sellers try to sell their homes in the summer months while schools are on vacation. Check the Market Trends report to know the market trends of the city to make sure you are getting a good deal on buying or selling your home. Inventory Report [caption id="attachment_4019" align="alignnone" width="500"]Inventory Report for Costa Mesa homes, April 2013 Inventory Report for Costa Mesa homes, April 2013[/caption] Active inventory rose by 12 homes  to 72…

Bringing a pet into your home is a great way to build your emotional attachment to your living space. While children flit in and out of the house, more so as they get older, your pets are there as constant companions. It has been repeatedly found that owning a pet improves your happiness and length of life.

Modern pet owners are finding more and more satisfaction from pets that are a little more exotic, maybe a monkey or a ferret or something even wilder. However, there are only a few exotic pets legal in California. California has very strict laws about what types of animals homeowners can keep as pets.

Some animals are banned as pets because they aren’t meant to be domesticated, others are dangerous to California’s ecosystem. But, although you may

This weekend, April 27 and 28, 2013, First Team agents are holding 59 open houses in 4 counties and the Desert Areas of Southern California. Searching for homes can often be a time consuming project with much uncertainty. While the internet has pictures and descriptions, nothing compares to walking through the house to gauge size and condition. You can call the listing agent but you won't be able to make the same impression as in person. Open houses provide a great opportunity to bring buyers and seller's agents into the same room. Take the time today to plan some of these open houses into your schedule:   Attendee's tip: Before setting…

Pressed against the Pacific Ocean and brushing the foothills of the Santa Ana Mountains, Orange County is full of great locations for all types of lifestyles. To help you decide the best place for your Orange County life, we looked at Orange County’s suburbs and rated them for safety, household income, education level and the job market to determine the best suburbs Orange County has to offer home buyers.


1. Newport Beach

Home to the Balboa Peninsula, Newport Harbor, and two piers, Newport Beach is a town that prides itself on its diversity of restaurants and top rated schools. Although many of Orange County’s cities run along the coast, Newport Beach’s shoreline was recognized in 2012 with CNN’s Five Stars for Cleanest Beach in the U.S.

The Property Disclosure Statement Explained

This is part 3 of a series of 6 articles that guide homeowners through the home selling process.These articles provide insight and suggestions to help homeowners sell their homes.

 Step 1: You're Ready To Sell Your Home Step 2: How To Price Your Home To Sell Step 4: What To Do With Your First Offer Step 5: How And When To Accept An Offer Step 6: What To Expect When You're Closing

As the owner of a California home for sale, your experience in the home gives you detailed knowledge about the past and present condition. This knowledge is essential for your buyer to know before purchasing your home. California state law requires you to complete the Real Estate Transfer Disclosure Statement and give it to the

Temecula is one of the few cities in Southern California with equal access to Orange County, San Diego County, and Los Angeles County, good news for anyone looking for Temecula homes for sale. This proximity has earned it the reputation of a commuter city but many of the cities residents work close to home.The city was incorporated into Riverside county in 1989 and has been gaining popularity since. Its flourishing wine country plays a big part in that. 35,000 acres of family owned wineries and vineyards separated by soft hills have earned Temecula Wine Country a reputation as the  jewel of Riverside County.

There are other places in Temecula to enjoy it’s natural beauty outside of wine country. Temecula has 35 parks to explore. Some have lakes, others

For the week of April 21, 2013, First Team’s Weekly Mortgage Watch infographic highlights the following:
  • While optimistic reports the housing market recovery have dominated the news recently, millions of Americans remain "underwater" on their home mortgages. The Federal Housing Finance Agency (FHFA) has announced that it is extending the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. If you or anyone you know is interested in more details on this program, please do not hesitate to contact us for more information.
  • Mortgage rates remained essentially flat last week with news and data that seemed to keep upward and downward pressure almost equally balanced. Headline numbers for many economic indicators seemed to be

Temecula is one of the few cities in Southern California with equal access to Orange County, San Diego County, and Los Angeles County. Proximity to these major counties has earned Temecula a reputation as a commuter city. After rapid growth from the 1990s, Temecula was hit hard by the 2007 subprime mortgage financial crisis. The city has been making a recovery alongside the rest of Southern California, but its market is still struggling.   [caption id="attachment_3924" align="alignnone" width="500"]Inventory Report in Temecula, CA, March 2013 Inventory Report in Temecula, CA, March 2013[/caption] Active inventory has risen by 56 homes from 350 homes three months ago to 406 last month. Pending inventory is down slightly with 13 fewer homes pending sale this month at 300 homes. Sold inventory rose…