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Beautiful Home Great Opportunity in Rancho Niguel Subdivision

Beautiful Home Great Opportunity in Rancho Niguel Subdivision

Beautiful Home Great Opportunity in Rancho Niguel Subdivision This home is on the corner in the Sea Country tract of Rancho Niguel. Absolutely everything is upgraded with new white kitchen and gray quartz granite and wood floors. All the baths are upgraded and the windows are new. This one will not last. Only one block walk the famous Club at Rancho Niguel and three blocks to the Laguna Niguel Regional park and lake. Three beds, 2.5 baths and 1358 sq ft in a detached property with two car garage. Call Ron for showing at 949-456-0505.   The owner has his eye on a replacement property to this home which is new on the market is a great opportunity. Everything is remodeled. Award winning Bergeson Elementary School is just  a half mile up the hill and the other schools are Aliso Viejo Junior and Aliso Niguel High School. 1% property tax and no mellow-roos bonds. Call for showing. Ron Buck, Keller Williams Realty dre#01364665...

Home Seller Tool For 2019

Home Seller Tool For 2019 We have experienced seven years of multiple offers and short supplies of housing inventory in Orange County. This year, 2019, will be a little different with much more inventory. We need to pull out the old bag of tricks again. Here is a description of a “Seller Buy Down” and how it helps both the buyer lower payments and the seller get more net from the sale. Loan Officer Kevin Budde explains below. A buyer wants to keep his monthly principal & interest payment under $4,500. He makes an offer $75,000 lower than the asking price of $1,250,000 because the 80% loan on a sales price of $1,175,000 is $940,000. At 4.00%, the principal & interest payment is $4,487. $1,250,000 – $75,000 = $1,175,000 x 80% = $940,000 @ 4.00% = $4,487 P&I  The seller counters at full price but offers to pay 2 points on the buyer’s new loan to buy the interest rate down one-half percent. The principal & interest payment is now under $4,500 the buyer wants on the 80% loan of $1,000,000. $1,250,000 x 80% = $1,000,000 @ 3.5% = $4,490 P&I  The seller is able to get the price he needs, the buyer is able to get the payment he needs and the seller nets $55,000 more. $75,000 price reduction versus a $20,000 point buy down cost saves $55,000  Using seller credits towards interest rate buy downs for buyers creates win-win transactions for both parties. If I can assist you with specific calculations on your next offer please let me know, I’m happy to help you. Kevin Budde  949-422-2075  ...