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Rancho Niguel Community Garage Sale Saturday June 28th.

Rancho Niguel Community Garage Sale – June 28th

Rancho Niguel Community Garage Sale Saturday June 28th. Plan ahead. THIS IS THE APPROVED RANCHO NIGUEL COMMUNITY GARAGE SALE. Our team will provide advertising, signs, maps, snacks and more. Preregistration not required but very helpful for planning. Just call or email at garagesale@RonBuckGroup.com (Previously JonRonTeam). Saturday morning from 7:30 AM to 1:30 PM on June 28th. Oh, by the way, we are never too busy to help your friends and family with their real estate needs. Ron Buck, Keller Williams Realty bre...

Home Buyers…Don’t be Bitter – Be Smart

What in the world…? Yes I think many unsuccessful home buyers feel kind of bitter right now. Many in Orange County and Laguna Niguel specifically were beaten out of buying a home this spring by cash buyers or high money down buyers. Rapid price increased were taking place for sure and the obvious choice for sellers was the cash buyer who didn’t require an appraisal or loan approval. I know of many buyers who became fed up with the wild market and renewed their rental contracts for another year. My advice is to keep a long term perspective. What will the interest rates be like a year from now if the Fed really backs off their current policy which artificially keeps rates low? If the rates go up another point your purchase price target goes down another ten percent. Will the home prices really drop ten percent to compensate? Maybe, but most all home buyers who have bought in the last six years were well qualified buyers or even cash so they can hold out. I believe the price levels we are at right now are definitely sustainable. So if you are a buyer take the long term look at the market. You will likely be in your new home for seven to ten years or more and you will look back and think what an awesome interest rate you got – not to mention the tax deduction you have enjoyed. All that being said, be patient as well because many of the homes on the market right now are a bit over-priced. Some of those sellers will pull...

Is There A Real Estate Bubble?

As a working Realtor® Ron Buck often hears from home buyers that have NOT purchased yet that there is a real estate bubble which will pop and when it comes down again they will buy. Is this true? In 2005 the OC Register said that prices had to go up because so many people were moving into Orange County and the demand was strong enough to see another 30% increase. Well, Ron Buck, and all of us, know that was wrong. But ever since then Ron Buck, Realtor’s crystal ball has been a little cloudy. Here are a few differences that Ron Buck sees. By 2005 the housing market had returned from the crash of the mid 90s. Ron Buck’s area. South Orange County, had been beaten up by a county bankruptcy, high interest rates, and layoffs in the space industry among other things. Ron Buck’s area had been way behind the bay area in prices and the market needed to rise. Home owners that had been under water once again had equity and there was a lot of pent up buyer demand. The same is true now. Then the mortgage industry came up with more “creative financing” to keep the fever burning and fuel the Wall Street craving for loans to package. The last two years of that bubble saw price increases which were fueled by zero down, 120% and neg-am mortgages. This resulted in many new home owners with no chance of gaining equity or even keeping there homes long term. What is the difference today? What is Ron Buck seeing? Real estate investors, cash buyers and...

California Real Estate Market Is Heating Up

Laguna Niguel Real Estate Market is Heating up Ron Buck, Realtor®, blogged several times in 2012 about the low housing inventory in Laguna Niguel. It is still the nemesis of home buyers today as well but also a blessing to the home sellers. Of course we are just now approaching the listing season. For reference, during the peak years of 2005 and 2006 we reached close to 450 active homes on the market. As of today we hit 117 active listings, up from 95 in January. After the national media declared a bottom to prices in March 2012, retail buyers decided it was a good time to buy. Investors were buying a year or more earlier. Summer brought us low inventory and multiple offers. Inventory declined in the fall because good homes got snapped up so quickly. Home prices went up from 5% to 15% by the end of the year depending on price and neighborhood. Most Realtors® I speak with think we are going to see another 15% appreciation in 2013. Ron Buck, Realtor, knows that these price increases started at the low end, as they always do, and are working their way up. As of today, Ron Buck, Laguna Niguel Realtor, reports that there are only two detached homes active below $500,000, and there are only 49 homes active between $500k and $1 million. Follow Ron Buck’s advice! Today buyers must be prepared, have solid financing, if not cash, and be quick. Oh yes, it also helps to use a sharp Buyers’ Agent, as Ron Buck, Orange County Realtor, who will properly advise you and write a...

Real Estate Season – Back To School

If you have been busy with summer vacations, kids’ swimming lessons and visiting family you may not be up to date on real estate in Laguna Niguel or the OC in general. You may have caught the news release from NAR (National Association of Realtors) which gave much-improved real estate statistics. Numbers of homes in escrow and the number of homes closed are both up from a year ago. In fact the stocks for new home builders went up with the news as well. At the risk of sounding like a broken record the inventory is down 40% from the beginning of the year. Ron Buck, Realtor®, says, “Remember that the numbers reported in the media are 30 to 60 days old. I think the most recent NAR numbers were for July figures.” To really get the facts call a full time Realtor® like Ron Buck who is in the market every day. “We Realtors feel the pulse of the market and deal with the issues of inventory and interest rates every day. We interview buyers coming through open houses, fight the battle with appraisers and underwriters, advise sellers how to position their product on the market for a good sale and watch the inventory numbers like a heart monitor.” Adds Ron Buck, Laguna Niguel real estate expert. In Ron Buck’s sixteen years of residential real estate he has always noticed that August seems to be the slowest month of the year for real estate activity. The reason is obvious. Families usually want to be moved and in their new homes before school starts and many other potential buyers...