Home Buying in Newport Beach>Question Details

Bryan, Home Buyer in

Being Relocated to Fountain Valley CA from Chicago.I need help figuring out where I should live.

Asked by Bryan, Mon Apr 14, 2008

Hi everyone! I'm looking for a SFH min 3bed 2 bath house close to the beach. I want to live in a very safe community. Will I be able to find something close to the beach for 700k? My office will either be in fountain valley or Anaheim area. I'm getting transfered in September from Chicago.

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You have many options and going for a bank owned home now is the best choice. You can look at all the bank owned homes in the county here: http://www.socaloceanviews.com/professional1.shtml. Also, be sure to read our Market Time report as this will give you a great indicator as to where our market is today.
0 votes Thank Flag Link Mon Sep 15, 2008
Bryan,

There are many choices in your price range right now given the current market. Close to the beach, depending upon your definition, may limit you, but there will still be plenty of options, especially if your definition of close to the beach is a mile or two : )

I would be more than happy to e-mail you listings or you can go to http://www.donovanblatt.com/mls.htm to do your own search.
Web Reference: http://www.donovanblatt.com
0 votes Thank Flag Link Mon May 26, 2008
Bryan, the truth is....there is a TON of properties that fall within those parameters. And as the time grows nearer, there will be a TON more. One of the best things going for you right now, is that Orange County has had a large rise in Foreclosures. If you want the best deal.....right now, buying a Short Sale is the key. This is when you buy a house for less than what the seller owes. These homes usually are selling for 10-20% below market value. However, they are quite tricky to complete. This type of transaction requires someone to negotiate this deal with the seller's present lender....the same lender that they are in Default with. This requires a Short Sale Specialist, not just a normal Real Estate Agent.

A Short Specialist to me is: someone who has been working with and negotiating loans with a variety of different banks, for many years. Someone who also has his/her Real Estate License so that they can help you buy/sell your home. Someone who is a Realtor....a member of CAR, NAR, and OCAR. Someone who isn't scared of picking up the phones and getting a deal done.

If you would like to look into this further, please visit my website: http://www.ocshortsalearena.com
Links to everything you'll need are on my site: MLS is free. There is no signing up. Just hit the button and search for homes. Research the schools, local news, crime rates, populations, weather, and more.

I appreciate the opportunity to earn your business, and look forward to speaking with you soon.....

Ezra Sturgis
President
OC Short Sale Arena
ezra@ocshortsalearena.com
http://www.ocshortsalearena.com
0 votes Thank Flag Link Wed Apr 23, 2008
Bryan,

As Sandra mentioned, Belmont Shores & Belmont Heights are two locations in Long Beach that offer walking distance to the beach. Working in Long Beach I am very familiar with this area and would love to send you some listings, but as I mentioned before it would be to your benefit to see if your company does offer relocation benefits for their employees.
Web Reference: http://www.loubandb.com
0 votes Thank Flag Link Tue Apr 15, 2008
Possibly. If you want HB, out of the 7 properties that are actually walkable to the beach, only 2 are normal sales. The others are in pre-foreclosure and can be difficult transactions that may take 2-6 months or may not happen at all. (Not fun when you are relocating...)

My opinion of close to the beach might be different from yours (I think of beach close as walkable), but HB would be a fairly close commute to Fountain Valley. So would Belmont Shore or Belmont Heights in Long Beach. Costa Mesa might also be worth looking at. You can still bike to the beach while having easy access to the highways to get to work. All of these areas have a particular "feel" to them, so you need to decide which you are most comfortable with. Will you be making trips out here before September to look around or will you be hotel-bound until you find something?

One way to stretch your price range and get into some of the beach close areas would be to consider a duplex or other Residential Income Property. The conforming loan limits changes might work for you since you are no longer a jumbo loan and fall into the high-end conforming category. This will depend on whether that type of lifestyle is something that works for you. Not everyone wants to be a landlord.

Nate Lindsey is one of the best lender's I know of and he can be reached at (714) 394-0506 or by email at nathaniel.j.lindsey@bankersfundingcompany.com.

I am very familiar with the beach areas around Fountain Valley and have also relocated cross country 3 times before settling here in Orange County. We are a member of the Number One Relocation Company on the planet and can help you with anything you need.

I have a lot of information about the Conforming Loan Limits Changes and buying a home on my blogsite. Click on the web reference below to get there.

Good luck.
Web Reference: http://www.OCBeachBlog.com
0 votes Thank Flag Link Tue Apr 15, 2008
Bryan, I've found over 60 properties under $700,000 with minimum 3 bedrooms and 2 baths that are within 5 miles of both Fountain Valley and the beach. I'd be happy to forward these to you with additional photo's so that you can get a good idea of what's available on the market right now. Have you also considered leasing a property for a while so that you can look around and get to know the area better? I'd be happy to help you with homes on the market for lease as well.
Let me know. Send me your email address and I'll forward the listings to you. Thanks, Cynthia
0 votes Thank Flag Link Mon Apr 14, 2008
Bryan,

Have you checked with your employer regarding relocation benefits. Many companies offer their employees these benefits to help in the relocation process. They usually have contracted out with real estate companies and try to match you with an agent in the area that you are looking for. These benefits usually come with a nice incentive package. You might want to check this out before looking for an agent on your own.

I work for Coldwell Banker and have assisted many buyers and sellers that have relocated to and from California. Huntington Beach may be an area that you might want to consider, there are SFR in your price range. Without knowing exactly where your work is located in Fountain Valley, you could be just minutes away.

Good luck and welcome to sunny California.
Web Reference: http://www.loubandb.com
0 votes Thank Flag Link Mon Apr 14, 2008
Hi Bryan,

Is there a way where I can e-mail you some listings? Is Huntington Beach acceptable to you? Please let me know.

Best Regards,
Laarni
0 votes Thank Flag Link Mon Apr 14, 2008
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