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Rancho Niguel Open House

Rancho Niguel Open House

Rancho Niguel Open House Please visit my new listing at 28595 Las Arubas in the Tampico tract of Rancho Niguel. Price $680,000. Open House Saturday May 9th from noon to 4:00. This is a four bedroom home with about 1700 sq ft at the end of a quiet cul-de-sac in Rancho Niguel. The home has new exterior paint, new garage door, new carpet, new dual pane slider and new water heater. The back yard is good sized and has a patio and fire pit. Call anytime for a private showing. Also don’t forget to visit the Club at Rancho Niguel which is in walking distance. Just a few blocks from the award winning Bergeson Elementary School. Ron Buck, Realtor bre01364665   Your Rancho Niguel Specialists Keller Williams Realty...

Dana Point Harbor – Live the dream

Dana Point Harbor – Live the dream Dana Point and Monarch Beach are two great areas in which to live. Home prices are much lower than Laguna Beach or Newport Beach. Laguna Niguel is only a five to ten minute drive from this beautiful harbor. See the view of Dana Point Harbor and San Clemente bay in the video below. “Why not LIVE where the rest of the world VACATIONS?” Let the Ron Buck Team help you find your dream home. Click here to search for homes. Call Ron Buck at 949-456-0505 or Contact Me. Keller Williams Realty...

Laguna Niguel Housing Market Report

Laguna Niguel Housing Market Report. Things have heated up dramatically in the Laguna Niguel housing market and surrounding areas. Home buyers are anxious to secure a property while the interest rates are still good. In many price ranges the inventory is not keeping up with demand. We are starting to see multiple offers again (shades of spring 2013). Not all price ranges are hot but many are. Laguna Niguel Housing Market shows lower than expected inventory. The chart above shows Orange County Housing inventory for four years. The dark blue line shows inventory for 2014. The red line shows inventory for the first three months of 2015. You will notice inventory started the year a little ahead of 2014 but has dropped under the blue line at this time. I experienced a home in Laguna Niguel priced at 799K that received 8 offers on the first weekend. On the other hand high end properties are sitting longer. One significant difference from 2013 is that the prices are higher. Since the spring of 2013 the prices are up about 20% or more but interest rates have dropped. Today buyers paying top dollar want upgraded or move in ready properties. Also due to the higher prices there are fewer investors. Most buyers want to find personal residences. Home sellers will find that buyers are picky and will not pay even market value if there is a lot of deferred maintenance. For more information or a FREE Market Evaluation of your home, call Ron Buck with Keller Williams Realty at 949-456-0505. BRE01364665. L...

Thanks to all Vets & my uncle Don – VA loans

Thanks once again to ALL US Veterans  and my uncle Don who paid the ultimate price at the Battle of the Bulge in WWII.   I also want to thank the law enforcement community for their service as well.  My experience for a few years as a reserve Sheriff taught me to appreciate their dedicated service.   One way our country has traditionally said thanks to veterans is the existence of the VA loan program. While I am a Realtor and not a loan officer, many of my clients have benefited from the VA loan program. The VA buyer can buy with ZERO down as long as they can afford the payments. Another benefit is that the VA will approve buyers with lower credit scores than a conventional program will allow. In addition the interest rate is substantially lower than conventional loans at this time. There are additional closing costs (usually rolled into the loan) so speak with a quality loan officer. If you live in Orange County California contact me and I will get you to a very experienced VA loan officer. The zero down program does have a maximum that can be borrowed. Let’s say you want to live in a resort beach area like Dana Point in Orange County CA where the home prices are higher than the VA limit.  What many mature vets don’t realize is that you can borrow well over that VA limit – even over a million dollars but you must bring your own funds for 25% of any amount over the normal VA loan limit.  VA loan limits vary by county but in Orange County CA the...

Real Estate “Facts of Life” in Orange County California

A couple of “real estate facts of life” that are as sure as gravity itself below: The market never stays the same. In May of 2013 the housing inventory in Orange County CA was at a fifteen year low and the interest rates for a 30 year mortgage were below 3.5%.  I have never seen those rates in my lifetime and probably won’t again. The result was MULTIPLE OFFERS. Sellers were in CONTROL !!!! Detached homes which came on the market and were not structurally damaged sold with anywhere from 5 to 25 offers. Condos in great condition would have anywhere from 10 to 40 offers. Then on June 16th of 2013 the interest rates went up to 4.75 (still great) and the prices had risen 10 % at least which caused the brakes to be put on the market. Homes listed in the summer or fall would just sit. Spring 2014 was a good time to sell or buy because the rates were low and the inventory was better. As the spring moved on sellers typically over priced their homes while the actually sales prices were going sideways – not really up or down. Technically the market is still a seller’s market but we are now hovering around 90 days market time and expired listings are increasing. This means we are headed toward a balanced market. When a seller has only ONE offer then the buyer is more in control of repair requests. If you over price your home and drop your price periodically then you may end up with a good buyer but probably just one. Sure...

Make that “$3.00 Repair” before you sell your home. It could save your life.

I have two goals for this post. First is to remind sellers to take care of the little fixes before listing their home. Maybe you are a procrastinator like “yours truly.” You know there are some small fixes that you have been putting off. That dripping faucet could be one, or maybe the shut-off valve for the toilet is frozen. Maybe there is a dual pane window that has lost its seal. How about the sprinkler that is broken or the high bulbs that are burnt out? What about those screens that the kitten shredded? My favorite is the broken water pressure regulator that gives you high water pressure inside the home. Guess what 120 pounds of pressure could do to your plumbing? All of these items and more will show up upon inspection anyway and will need to be fixed. Plus, deferred maintenance makes the buyer worry that there may be more unseen items that are lurking behind the facade. My second reason for this blog is to remind you of a repair or modification that absolutely will arise on your inspection report, but is so important you should do it now whether or not you plan to sell. The modification I am thinking of is the damper clamp on the fireplace flue. This little $3 item could save your life. It is a retrofit that is now code in many cities. The flue is often kept closed when you are not using the fireplace, and of course opened when it is in use. With gas log fireplaces being so common and so easy to use, there is...