by vbindi on August 26, 2009
Today, there are 181 detached single family homes listed for sale in Mission Viejo, Orange County, Ca. The lowest current detached home price is $360,000 for a 3 bedroom, 2 bathroom 1,123 square foot home offering a view of Saddleback Mountain. The highest priced home is listed for $2,995,000, which is a 5,500 square foot, 5 bedroom, 5 bathroom lakefront estate built in 1990 on Lake Mission Viejo. This property features a gorgeous view of the lake and a private dock right in the backyard. The current median price for all home Active for sale in Mission Viejo is $619,000.
There are 180 detached homes located in the city of Mission Viejo that are pending in escrow. The lowest priced property currently in escrow is valued at $209,900. It is a 2 bedroom, 1 bath, 1415 square foot home. The highest priced property currently in escrow is priced at $2,200,000. It is a 3,693 square foot lakefront estate on Lake Mission Viejo featuring 4 bedrooms and 4 bathrooms. This home has privacy plus as it is at the end of a cul-de-sac in the guard gated community of Tres Vistas. The current median price for properties in escrow is $495,000.
In the past 90 days, there have been 192 detached properties that have sold and closed escrow in Mission Viejo. The lowest sales price for a detached property was $310,000 for a clean, upgraded 3 bedroom, 2 bathroom, 1,100 square foot home built in 1972, located just a short drive from the freeway and within walking distance to Colinas park. The highest priced property sold was a 4 bedroom + a loft, 4 bathroom, 3,316 square foot estate built in 1993. This home was priced at $910,000 and located on a cul de sac in the Anacapa community. This property features a rock pool and spa with a waterfall and a spectacular panoramic ocean view. The median home sales price is $510,000 and the average sales price in Mission Viejo within the past 3 months was $541,911. The average price per square foot was $275.59/SqFt. The average days on market was 66 days.
For more information about Mission Viejo Real Estate for sale, please feel free to call us at: 949-388-3396 , or email at: Info@eVantageRE.com or visit our website by clicking in the highlighted previous Link.
by vbindi on August 25, 2009
Laguna Beach Short Sale Success Story #37 - Another short sale has been sold and closed by the ShortSalesASAP Group here in Laguna Beach, CA. The Short Sales ASAP group is #1 in Short Sale closings in Orange County. We have been sharing many of our success stories for the benefit of the public who may be caught in today’s mortgage loan crisis. Short Sales are not easy to close, so it is imperative that one seeks a Realtor expert to conduct such a transaction. Some of the details of this short sale story will not be divulged in order to protect the privacy of the past property owner.
Property and Finance Details: This Laguna Beach property was a 3 bedroom, 3 bath, 1,550 square foot detached home with a panoramic ocean view. This home was purchased in January of 2006′ for $1.15Million, using 90% financing which resulted in a first mortgage loan of $1,035,000. The homeowner had to move back east, and tried to sell the home using traditional methods, but was not able to do so.
Laguna Beach Real Estate Market Conditions: The real estate market here in southern California has been gone through a major price correction. Laguna Beach has suffered a large decline in real estate prices, but not as bad as other Cities in Orange County. This severe real estate recession is due to the overheated southern California market that started in 1999, the nationwide mortgage crisis, and job losses here in Orange County. Although, we now see signs that price decreases have slowed down considerably, and we may be approaching the bottom of the market cycle pricing.
Only 37 % of Short Sales actually sold and closed escrow in Laguna Beach in the past 12 months. Whereas, the ShortSalesASAP Group closes over 94% of our short sale listings.
SHORT SALE – PHASE: The homeowner contacted us via a referral, and we answered all of their questions and concerns regarding short sales. The property owners signed the listing agreement and short sale addendum, and our preparation team gathered all of the required documents from the homeowner. These documents were carefully packaged in the format required, and delivered to the 1st mortgage bank to present the short sale proposal. 3 weeks later, and after some cunning negotiations, our expert team was able to obtain preliminary approval for the Short Sale.
MARKETING AND SALES – PHASE: Once we obtained the preliminary short sale approval, we put this Laguna Beach property on the market for sale. It was originally listed in the Multiple Listing Service (MLS) for $950,000. After about 3 weeks on the market with very little interest, we dropped the price again to $925,000. We obtained an offer from a qualified buyer for $850,000. After some negotiations with our short sale Realtor expert, we finally arrived at a price of $872,000.
CLOSING – PHASE: Once all of the purchase contract documents are signed by the buyer and seller, our team packages theses documents along with the buyer loan qualification letter. This package was then sent to the 1st mortgage Bank. Our short sale negotiator then went to work to finalize the final terms and conditions of this short sale. After some additional negotiations, we convinced the Banks to agree to the final short sale. The property escrow then closed 35 days later.
IN SUMMARY: The entire mortgage debt of $1,035,000 was eliminated so that the homeowner did not owe this money anymore. We were also able to negotiate $2,500 from the Bank to pay to the homeowner, which is referred to as “Cash for Cooperation”, which many banks are now offering as an incentive to homeowners to cooperate with a short sale, versus letting the property go to Foreclosure.
ShortSaleASAP is licensed with the California Department of Real Estate, and we are members of good standing with the Orange County board of Realtors. We train Agents Nationwide how to conduct short sales, and have been interviewed by CNNMoney, ABC World News Tonight, OCRegister and others. Our services are free to the homeowner, for we are negotiate our fee with the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com
by vbindi on August 14, 2009
Today, there are 96 detached single family homes listed for sale in Ladera Ranch, Orange County, Ca. The lowest current detached home price is $425,000 for a 3 bedroom, 3 bathroom 1,600 square foot property built in 2002 featuring many upgrades including granite counter tops, cabinets, wood flooring and plantation shutters. The highest priced home is a 7,000 square foot, 6 bedroom, 8 bathroom custom estate listed for $4,899,900. Built in 2006, this home features a separate home theater as well as both indoor and outdoor gourmet kitchens. The current median price is $849,000.
Currently, there are 78 detached homes located in the city of Ladera Ranch that are pending in escrow. The lowest priced property currently in escrow is valued at $356,900. It is a very well maintained 3 bedroom, 2 1/2 bath, 1567 square foot home that features an upgraded kitchen with granite counter tops and it is well located close to freeway access, an array of shopping and entertainment. The highest priced property currently in escrow in Ladera Ranch is listed at $2,999,000. It is a brand new 5 bedroom, 8 bathroom, 8,700 square foot custom home located in the prestigious community of Covenant Hills. This homes features include an elevator, 2000 bottle wine cellar and many high quality pgrades such as mahogany wood floors and marble based niches. The current median price for properties in escrow is $659,900.
There have been 78 detached properties that have sold in Ladera Ranch in the past 90 days. The lowest sales price for a detached property was $367,908 for a large, upgraded 3 bedroom, 3 bathroom, 1,750 square foot home built in 2004 offering beautiful new landscaping and a bonus room. The highest priced property sold was a brand new 5 bedroom, 7 bathroom, 5,392 square foot estate located in Covenant Hills. This home was priced at $1,950,000. This property features a salt water pool and spa and a gourmet kitchen with top of the line appliances. The median home sales price is $679,900 and the average sales price in the city within the past 3 months was $699,674. The average price per square foot was $251/SqFt. The average days on market is 80 days.
For more information about Ladera Ranch Real Estate, please feel free to call us at: 949-388-3396
by vbindi on August 12, 2009
Today, there are 311 detached single family homes listed for sale in Dana Point, Orange County, Ca. The lowest priced home is listed at $449,000, which is a 3 bedroom, 2 bathroom 1,312 square foot home that offers a covered patio with a fireplace where the Catalina island view can be enjoyed. The highest priced home is listed for $24,000,000. This estate property comprises of 6,100 square foot of living area, with 5 bedrooms and 6 1/2 bathrooms located in the Strand at Headlands. This home features a dramatic infinity pool and spa with an underwater sound system and direct access to a private beach club. The current median price of Active lsiting in Dana Point is $1,200,000.
Currently, there are 43 detached homes located in the city of Dana Point that are pending in escrow. The lowest priced property currently in escrow is valued at $380,000. It is an inviting 3 bedroom, 1 bath, 980 square foot cottage built in 1954 with an updated interior and an attached 2 car garage. The highest priced property currently in escrow is priced at $5,900,000. This property features over 4,600 square feet of living space, 3 bedrooms and 5 bathrooms. This home is located in the Niguel Shores community. It is an entertainers dream with awesome features that include a 1,000 bottle wine cellar and a spa with a waterfall. The current median price for properties in escrow in Dana Point is $779,000.
In the past 90 days, there have been 78 detached properties that have sold in Dana Point. The lowest sales price was $415,000 for a unique 3 bedroom, 3 bathroom, 2,000 square foot home built in 1963, located in Capistrano Beach with a beautiful indoor atrium and vaulted ceilings. The highest priced property sold was a single story, 4 bedroom, 5 bath, 4,500 square foot estate priced at $3,400,000. This property is located in the Monarch Bay Terrace community. This home features dual master suites, a private saltwater pool and spa and an impressive panoramic ocean view. The median home sales price is $799,900 and the average sales price in the city within the past 3 months was $964,992. The average price per square foot was $417/SqFt. The average days on market was 99 days.
For more information about Dana Point Real Estate, please feel free to call us at: 949-388-3396
by vbindi on August 11, 2009
Today, there are 46 detached single family homes listed for sale in Aliso Viejo, Orange County, Ca. The lowest priced home is valued at $399,900. It is a 3 bedroom, 2 bathroom, 1,400 square foot house, located in the Hamptons subdivision. The highest priced home is $1,149,000 for a 4 bedroom, 5 bath, 3,737 square foot estate built in 2008, featuring view of the golf course and city lights. The current median price is $457,472.
There are 66 detached homes located in the city of Aliso Viejo that are now pending in escrow. The lowest priced property currently in escrow is valued at $339,000. It is a charming 2 bedroom + loft, 3 bathroom, 1,100 square foot home built in 1996. This property is conveniently located directly across the street from an elementary school. The highest priced property currently in escrow is priced at $1,250,000. It is a 3,400 square foot, 5 bedroom, 3 bathroom estate located on a cul-de-sac, offering a fully equipped entertainers backyard and a stunning panoramic view. The median price of homes currently in escrow is $650,000.
In the past 90 days, there have been 80 detached properties that have sold and closed escrow in Aliso Viejo. The lowest sales price for a detached property was $340,000 for an attractive 3 bedroom, 3 bath, 1,301 square foot home built in 1998. The highest priced property sold was a 5 bedroom, 5 bath, 3,757 square foot estate located in the Silver Oaks gated community. This home was valued at $1,135,000 and its features included a large, lush yard and a breathtaking canyon view from virtually every room. The median home price is $538,000 and the average sales price in the past 3 months was $566,923. The average price per square foot was $281/SqFt. The average days on market was 65 days.
For more information about Aliso Viejo Real Estate, please feel free to call us at: 949-388-3396
