Which floor plan do you have in Watermarke?
How long have you owned this unit?
Would you break even, take a loss or make some money from selling any of the Condos.
If you have not already done this, have a realtor do a Certified Market Analysis on both properties. This will help you to see which of the properties will do better when you sell. Frankly, to sell a one bedroom Condo in this market is a big challenge, however, if you can sell both Condos and buy a bigger unit, that will be something to consider because the home prices and interest rates are low.
Let me know if you need any help.
Maybe you should sell them both and get a 2 bedroom. "first comes love, then comes marriage, then comes baby in a baby carriage." Or, until then a work out room or office!
Seriously, although you might not get as much as you could before for your condo, you can more than make it up on the buying side. This market offers the best selection you may find for years.
If you need more information, please give me a call, I am local agent in Irvine.
That really depends on where you want to live. Are you going to sale one and rent the other out and buy a home together or will you be selling one and living in the other.
If you are going to live in one then keep the one that will be best for your work commutes. Another factor is do you want to be close to family and friends, if so keep the one near family and friends. If you could use some distance keep the one with more distance between you and the kin folks.
If you need to sale one to buy another home I would suggest you sale the one that will yield you the highest profit.
What ever you are going to do needs to be decided prior to the wedding. You will want to walk into your new married life together with all these financial decisions all worked out.
Best Of Luck to You!
Kawain Payne, Realtor
Consider where you want to live, and location of employment as well. Also, lifestyle is another consideration for you. Good luck.
I know that the Watermarke Condos are very popular.....I don't work in Marina Del Rey but have an agent I know very well who does....if you like, we can prepare comps for you to use to see which might bring in the most money in this market, that might help you make a decision?
If you think that would be helpful, let me know....you can send me a private email from my profile here.
Congratulations on your upcoming wedding, I just married off my oldest last summer...weddings are such fun and I gained a wonderful new daughter out of it. :)
Congradulations! I'm so excited to hear that your getting married and equally excited to hear that you're in a position to sell one or maybe even two properties. I love working with newly engaged and newlywed couples. I generally help my clients by taking what could be an overwhelming situation and keeping it as stress-free and simple as possible. When I have clients who are facing these tough decisions, my approach ususally begings by asking, "Where do the two of you see yourselves in 10 years?" and "How will your lives change after you're married?" At this point in your lives, the decisions you face will envolve more than HOA fees and a competitve sales price. While it may be true that researching both market comparables and neighborhood demographics will help you determine alot about each of your investments, the truth is that there's no better time to discuss what each of you value the most and base your final decision with these elements in mind. Think of the ways you are going to begin cultivating your careers, finances, children, family life, social networks, friends, recreation, etc. Here's why? Buying and selling real estate is often times an emotionally driven experience. It's important to share with one another exactly how this move will satisfy and compliment each others needs. Let's not forget, another avenue to keep in mind would be to sell both properties and buy together. The market is filled with opportunities right now. Maybe take a few weeks to explore the benefits of buying. Possiby paying into lower interest rates and building the right amount of equity to invest in for the future. Properties that may have been out of your price range before have more than likely decreased in value and may be available to you for much less. Why not upgrade to suite both your needs? If anything, exploring new options will either prove to be worth while or help you discover what you like best about either of the two condos you already own. I hope I haven't confused you. If there's one thing to remember, it's not where you are, it's who you're with !-) You just set the expectations and a good RealtorÂ® will listen to your desires, work with you on the details and deliver results!
Best Wishes & Good Luck!
Katrina Roth, REALTORÂ®
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355
Direct (661) 208-1855
Fax (661) 291-1463
Serving All Of Southern California...
My Services *Real Estate Sales *Loan Modifications *Mortgage Protection Insurance *Financial Planning
This is a tough question, and would be difficult to answer simply based on the location of the condos. You would need to factor many things in to the situation, for example, how much in proceeds are you looking to get, which location is more convenient for you, and what your timeframe on a sale would be.
We would love to help you in determining the best route for you! Please feel free to contact us so that we may help you get exactly what you're looking for!
As an Orange County Real Estate Broker, I would definitely recommend selling the Watermarke Condo in Irvine. The HOA dues are high in Watermarke , even for Irvine, and there is a lot more development planned for that area and other parts of Irvine in the next couple of years. For example, the area that now encompasses Raging Waters will be developed by the Irvine Company when their lease expires in 2008. It is estimated that another 3600 homes and condos will be built in that area alone. As a result, you would probably do better in the long run to hold onto the Marina Del Ray Terrace Condo.
I hope this helps! If you have any other questions, please feel free to post again or contact me directly for additional help.
Real Estate Broker & Lawyer
Look at which property is going to give you both the best commute to and from work. If that is not a factor, and you absolutely can't see your way clear to keeping both and renting out the home that you are not occupying - rentals should be very valuable this year, then you might want to look at the desirability of both locations.
In order to give you a dollars and sense (or cents) answer I would need to have the addresses of both properties so that I could do a CMA for both locations. Please contact me with the information and I will be happy to help you with not only that, but also with the sale of the property.
Take care, have a wonderful day and a Happy New Year!
Tisza Major-Posner, Realtor, Keller Williams (909) 837-8922