The real estate market in Lake Forest, California, is very much like every other part of the country right now – it’s SLOW! The properties that are listed under $300,000 include 1-bedroom and a few 2-bedroom condos, with the lowest prices offered on the foreclosed listings. The lowest priced 1-bedroom is $204,900 and the lowest…
Behind the scenes. My daily checking of the MLS “Hot Sheet” has provided me with a lot of insight on how many agents are clueless about the importance of putting their listing in the best light when it is new on the market. They don’t seem to understand the fact that your listing is only…
When sellers say that they want to list their home for substantially more than the comps support, I think a good list of reasons for buyers to overpay would help both the listing agent and the buyers. I realize that some of these are a bit of a stretch, or maybe even sarcastic, but…
The current market is very slow now, but it is typical for this time of year. Traditionally, August and September are the months when people’s attention is focused on vacations, returning from vacations, or back-to-school activities, and football, so this is not unusual. Next month the pace should pick up a bit as buyers will…
Has your property value declined below the property tax assessed value? If you bought in 2005 or 2006, there is a chance that the value may now be lower than what you paid. Thanks to Proposition 13, our property taxes are based on the market value (usually, but not necessarily the sale price) at the…