May 2013

There are 27 blog entries for May 2013.

Don't be the last to hear about the new house on the market. First Team helps you stay up-to-date on open houses in Southern California by providing a continuously updated list of open houses. This weekend, June 1 and 2, 2103, there are X open houses in Y counties. Do a little research to find out which of the 77 open houses in 5 counties this weekend, June 1 and 2, 2013, apply to your home search. Make a plan and work your weekend around it. Once you've seen the house in person, you'll have first hand knowledge of its condition and ambiance.     Attendee's tip: If you’re going to more than one open house, make sure you…

Of all the beach cities in Orange County, Newport Beach is the most popular. This is partially due to its proximity to both South Orange County and North Orange County. Its beaches are clean and populated by mainly locals. The Newport Beach Pier has a bustling nightlife surrounding it by night, and pleasant walks and shopping by day. Anyone looking at Newport Beach homes for sale will find a city full of laid back locals and a lively community.

Students in Newport Beach have access to an even mix of private and public schools. The public schools belong to the Newport-Mesa Unified School District. In all there are 19 schools for K-12: 12 elementary schools, 4 middle schools, and 3 high schools. Newport schools are all highly ranked and provide a safe

Buying a home is most likely the largest investment you’ve ever made. You will be making payments on your home until it’s paid off or you sell it. Many home buyers think that the home inspection is one part of the Purchase Agreement that can be waived to make an offer more attractive to the home seller. It’s true it might make your offer more attractive, but it also puts you at great risk.

The home inspection serves to reveal issues in the home that are hidden or that you didn’t know to look for. A professional inspector will look at everything from the foundation to the roof and report any issues to you. Your agent should make the Purchase Agreement contingent on the results of the home inspection so you won’t be stuck buying a home with problems even

Home sellers are often looking for ways to increase the return on their investment. Selling your home is a time of change. You may be moving for a variety of reasons, but no matter who you are, selling your home for the best price is a key concern. This is the time when you as the home seller start to think about ways to increase the value of your home. Renovate or remodel? What’s the difference?

Renovating your home is refinishing your home with newer, better looking materials while remodeling means you are changing the landscape of your home. A renovation could be as simple as changing the tiles in the bathroom or as grand as replacing every surface, cabinet, and appliance in the kitchen. Remodeling always requires changing the building, such as

Get off the computer during your home hunt this weekend, May 25 and 26, 2013, and have your First Team come with you to some of these 56 open houses in 2 counties and the Desert Area. If you haven't taken the time yet to check out open houses in the area you are moving to, make sure you add it to your list of priorities. Attending an open house will help you decide what style of home you're looking for. You can't know if a house will feel like home until you walk through it.   Attendee's tip: While you’re walking through the house, pretend like you live there. How will your day-to-day life work in the space? Don’t try to make it work if it just doesn’t fit.

Motto: Harboring the Good Life.

 

Described as “the only romantic spot on the coast” by Richard Henry Dana, namesake and western discoverer of Dana Point, in 1912, the coastline continues to live up to this description. While there are plenty of romantic spots all around Orange County, the view from the Dana Point shore is unbeatable. People searching for Dana Point homes for sale, will find that this coastal city is a quaint and beautiful location for every activity: a morning run, walking the dog, taking the kids out for ice cream. Dana Point’s beautiful shoreline is also home to a replica of the Richard Dana’s ship, the Pilgrim, where the Ocean Institute now holds classes.

Aside from the Ocean Institute, there are 12 schools in Dana Point: 7

Buying your first home is an exciting new chapter of your life.  Once all the finer points of preparation have been handled, such as hiring a buyer’s agent and getting pre-qualified, it’s time to start looking for your dream home.

As you’re looking at houses, it’s easy to get swept away with detail or room you love. However, for long-term satisfaction, you must be thorough in your inspection of the home before submitting an offer and during the closing process. All the new information you’ll be learning can become overwhelming so we’ve put together a list of 27 pointers for first time home buyers.

The Home

1. Look beyond the current owners furnishings and decorations. Ask yourself how the space would work with your furnishings and decorations.

Pricing your home properly is key to selling it in a timely and profitable manner. Too low and you lose a significant chunk of your investment; too high and it will not sell. Be thorough in your research and you will be able to reel in an offer you can be happy with.

Preparation

Before you decide how much your house is worth, research the market you are entering. Your best guide is going to be houses like yours that have sold in your area. Check the listing price and then the final selling price for each property.

It is very important that you limit your comparison to houses within a mile of your home, sold within the past 6 months, and with a similar room count and square footage. Straying from these guidelines will skew your perception of the

First Team's Weekly Mortgage Watch this week highlights the following updates:
  • With the housing market in recovery mode, and home values rising, quickly in some areas, there has been recent speculation that we are heading into another housing bubble. However, many experts are pointing out that we are very unlikely to see another housing bubble develop soon. Unlike the recent housing bubble, access to financing limits market participants. Also, as more homeowners exit underwater conditions, the supply of homes for sale should expand.
  • Mortgage rates experienced a bit of volatility last week, ending the week higher than the previous week. There was some limited positive economic news to drive mortgage rates upward, and technical factors seemed to push

When first discovered, Dana Point was declared the most beautiful stretch of beach in the Americas. Not much has changed. Dana Point harbor is still an attractive location for anyone looking to relax with a book, explore tide pools, or even get active with water or land sports. Home buyers and home sellers know that Dana Point is a lovely part of California, but it's important to know more than just what the city has to offer. Knowing the real estate market is an important step in preparing to enter the real estate market.  First Team's Market Trends tool makes it possible to stay current. Below is today's report on Dana Point's real estate market.  

 Inventory Report (What's this?)

[caption id="attachment_4262" align="alignnone" width="500"]Inventory Report for Homes in Dana Point, April 2013 Inventory…