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Housing Inventory Remains at Five Year Low in OC

Housing Inventory Remains at Five Year Low in OC

Housing Inventory Remains at Five Year Low in OC That’s right. Housing inventory in all of the OC is at a five year low. At this time there are 2000 FEWER homes on the market than last year at this time. Buyers are wary so your price has to be fair and the condition has to be good but if your home is prepared right you, the seller will be in the drivers seat. CALL RON BUCK FOR A FREE MARKET ANALYSIS OF YOUR HOME. OR CLICK HERE To search for homes in Laguna Niguel or Dana Point CLICK HERE. Ron was able to list and sell two homes in Rancho Niguel and get both clients into new homes (shown below) while still in escrow on their listed home. It takes a professional to have a great experience!   We will miss Amy, Jon and Joan in the Rancho Niguel area but the time was right to move to a new home. Homes sold in Rancho Niguel were 28915 El Apajo and 24676 Via Carlos....

Laguna Niguel Housing Market Tracking Tool

Laguna Niguel Housing Market Tracking Tool Have you ever wondered which way the housing market is going in Laguna Niguel, Dana Point, Aliso Viejo or Mission Viejo? Now you can track the market fluctuations in any city for free. Of course the future is always unknown. This tracker goes back to 2001 and only projects out a few months in the future.  When using this internet tool, from Weiss Index, the color scale goes from RED (negative)  to Green (positive or increasing value) and neutral is white. It is fun to check out different zip codes. Click on weissindex.com Of course no one can truly predict the future and I don’t know the accuracy for each area, but for south Orange County housing in the last ten or so years this tool seems right on. From twenty years experience as a Realtor® I can tell you that when there is a dramatic increase in interest rates it always slows down sales for a time while the buyers rethink their position and buying power. Whether the prices drop inversely with the rise in interest rates, (which many buyers are convinced of) will depend on inventory levels and the general health of the job market. If you are thinking of buying soon keep this in mind – that if you are payment driven, then figure that a 1% INCREASE in RATE will force you to buy a home that is 10% LESS than what you can afford today. Or you can put more money down to keep the payment the same. If you are planning on staying in your home for...

Ron Buck, Realtor Has Home Seller’s Secret Weapon

Ron Buck, Realtor Has Home Seller’s Secret Weapon I have always said that sellers should NOT spend a DOLLAR unless it will make them TWO DOLLARS. This is a good rule of thumb. In other words be vary careful WHERE you spend your money as you prepare to place your home on the market. Search Laguna Niguel and Dana Point HOMES. FIX THE OBVIOUS – You know those items that you have been procrastinating about. The leaky faucet, old water heater, cracked window, missing screens, sticky door or lock, overgrown landscaping, etc. etc. etc. Yes we all have some of those items and it will cost you in terms of a lower selling price or a longer time on market and believe me the inspector will find them. REPLACE CERTAIN LARGE ITEMS –  This is where it gets tricky. My expertise will help you make those decisions. Many of my clients have thanked me for coming by ahead of time, before the actual market date, to help them with those decisions. Now that the prices are UP the buyers are VERY PICKY. You can always discount your price dramatically or offer concessions but that will cost you MORE in the long run than properly preparing your home for sale. Example:  A neighbor in Laguna Niguel, called me over to get advice on preparation and pricing. They did not take my advice or list with me. After eight months on the market and about six price drops the neighbor did sell at a price much less than I could have gotten for them. They neighbor said, “Ron, you were right about...

Home Sellers In OC Must Sell Three Times for a Closing

Home Sellers in the OC Must Sell Three Times for a Closing This principle applies in any area and any market.  What in the world am I talking about? First a Home Seller must sell to the RE AGENTS. Why? Because agents know the home values in their area of expertise and you must win them over to get the agents to bring their valuable clients. The home owner attracts agents through the proper marketing on the MLS system plus broker open houses, electronic advertising and word of mouth. As a home owner you want to get the real estate agents excited. Secondly a Home Seller must sell to the Home Buyers. Why? Because buyers are highly educated by the internet and first hand experience. Home buyers are searching on line when they are supposed to be working or sleeping. Home buyers are hitting all the open houses and in some cases are better educated that the agent holding the open house. In short buyers are obsessed with finding a home. Sometimes they are even obsessed with the process. Oh, yes, they are the ones with the money. Thirdly a  Home Seller must sell to the Appraiser.  Why? Because appraisers have access to all the known sales in the area. Yes, every home is unique. Even the exact model match will have different lots, different elevations and different finishes. Hopefully the appraiser will see the value as well. In the cities of Laguna Niguel, Dana Point, Also Viejo and Mission Viejo in South Orange County CA cash buyers make up anywhere from 20% to 35% of the buyer market...

Top Ten Home Selling Tips

1. Evaluate the competition. Check out the competition and be honest when you compare your home to theirs. Check the sold comparables. 2. Price your home right! If you are not willing to price your home for today’s market then consider waiting until prices go up. It will save you a lot of trouble and stress. 3. Keep the lights and music playing in your home during showings.     4. Make showing your home easy for Realtors. Some buyers have restricted schedules, or make a special trip into Laguna Niguel for a weekend just to look  at real estate. 5. Make those nagging home repairs that you may have been putting off. If you don’t fix those home repairs, be sure the inspector for the buyer will find the property issue. 6. Make your home smell inviting. Cinnamon sticks in the crock pot, scented candles and plug-ins will help promote good feelings. 7. Make sure your home is in spotless condition. Everyone buys homes emotionally whether they admit it or not. Staging your home often prompts a faster, higher offer. 8. Hold Open Houses. Yes, buyers need to see homes. When the buyer is with their Realtor or not, the buyers are out looking around Laguna Niguel for their next home. 9. Use social media to promote your home to everyone you know.    10. Hire the most professional Realtor® who will market your home.   If you are thinking of selling your Laguna Niguel real estate or selling real estate anywhere in South Orange County, Ron Buck, Realtor, with 16 years experience can help you sell your home  The Ron Buck...

Open House on Executive Home in Aliso Viejo Kensington Estates $1,025,000

Beautiful Executive Estate Home in the gated community of Kensington Estates. OPEN HOUSE Saturday 6/28 noon to 4:00 and Sunday 1:00 to 4:00. This home was built in 2000 and has 3300 sq ft of great useable space. Upstairs has a den and four bedrooms and downstairs there is a library and an office. High 22 ft ceilings, panoramic hills and sunset view and gated community. Price $1,025,000. Directions: Go though Aliso Viejo on Pacific Park to Wood Canyon then turn left. Then turn right at the first light on Wood Canyon and then right at the T. Call number at the gate. For a private showing call Ron Buck at 949-456-0505 or Brian Brassil at...