Total sales volume of homes in Orange County, California, for 2007 was off about 28% from the volume of 2006, but it was off 56% from our record year of 2003! I really believe that the volume of 2004 is understated because homes were selling so fast that many never made it in to the MLS at…
The Lake Forest real estate market is pretty quiet right now, and I don’t expect it to pick up much before our traditional spring start of the home buying season – Super Bowl Sunday, which will be February 3rd this year. The condo prices start at $189,900 for a one-bedroom bank-owned home. A two-bedroom is…
Is your home priced too high for the current market? Many times, sellers insist on testing the market to make sure they are not leaving money on the table. Some times, the listing agent is selected based on recommending the highest list price. Other times, sellers simply have an inflated opinion of the value of…
I’ve had a couple of buyers ask me recently about using a lease option, or “lease-to-own” agreement to buy a house. Since I have had some experience with this, decided to post about it. If you wanted to consider lease-to-own, also known as lease-option, of a property, the most likely candidates are vacant homes that…
Here’s a new one that I just tried out. You enter the purchase date and price, and it will calculate the current value using historic averages and the Case-Shiller studies and reports. Try it yourself! Let me know what you thought by leaving a comment here.