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Market Conditions in Rancho Santa Margarita : Real Estate Advice

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  • Local Info2
  • Home Buying13
  • Home Selling0
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Activity 7
Tue Oct 28, 2014
Kathy Kennedy answered:
Yep Zestimates are interesting they are supposed to be based on surrounding area recent sales but some how it gets homes in the same tract completely different pricing. I have had sellers very unhappy about their Zestimate but there is no real way to change it. You can write in but they say it will take 6-8 weeks to have it updated, and it your home is already for sale this is a little to late. Trulia on the other hand is usually above the real price. Best way to get an accurate analysis is to go to a Realtor to get an opinion from a human and not a computer generated answer. Lots to take into account when pricing a property! Anyone who would like a free analysis is welcome to email me with their address and I will do an in depth analysis for you kathy@kathykennedy.biz ... more
0 votes 4 answers Share Flag
Mon Oct 21, 2013
Lisa Hynson answered:
Hi Loresoong,
Did you get the sold comparison? If not,
Please provide me more detail such as sqft, # of beds/baths, year built, # of garages. Any community name if possible to narrow down.
I also need your email address to email you the sold comparison.

Thank you so much.
Lisa Hynson
949-510-0411
... more
0 votes 3 answers Share Flag
Sat Nov 17, 2012
Cindi Powalski answered:
Dave,
Unfortunately, your situation is not unique. I have helped others make decisions on how to proceed but each case has individual considerations. Yes, it is true the market is still in a tailspin and you sound like an active player that doesn't want to sit on the sidelines. You say you don't want the upkeep on owning a larger home yet some suggested you become a landlord, interesting. Not to say that normally this wouldn't be great idea, maybe just not for you. First you need to see what your home is really worth, what you owe, how much your payments are, check out refinancing options and whether a smaller home is in your best interest. Also, consider your children, schools, etc. A lot to think about but I have a step by step plan that will help. The time it takes to sell your home, if you choose to do so, depends on how well it's priced, location, etc.
I hope this helps.
Cindi
... more
0 votes 12 answers Share Flag
Sat Nov 17, 2012
Tamara McDaniel answered:
Hello Ian,

I live and work in RSM, so I know the area well. If you need any real estate help, please contact me.

Thanks!

Tamara McDaniel
Realty One Group
949-303-6404
Tamaram@realtyoneca.com ... more
0 votes 4 answers Share Flag
Fri May 8, 2009
Linsey Planeta answered:
Hi Shera,

I have to agree with Brad. A true Lease Option requires option money. Option money means that the seller is given x amount of dollars, you both agree on a predefined price, and if you don't exercise your 'option' within a specified period of time, the seller keeps the option money.

At this point, you are better off securing a short term lease and waiting for the right property to hit the market. And while I agree prices aren't going up anytime soon, we are going to see some good opportunities hit the market in the coming months as foreclosures rise locally. I wrote an article about the anticipated foreclosures hitting the market that might be of interest to you.

I live an work in Rancho Santa Margarita. Please don't hesitate to contact me should you have questions. Best of luck to you.
... more
0 votes 3 answers Share Flag
Mon Jan 12, 2009
Bill Mcquown answered:
In reading the answers below, I can see that you have more than likely had your question answered. If not I would be glad to provide you with the list that you requested. If you would also like free access to the same database that we use in the Real Estate Business you can go to www.myhomes4sale.listingbook.com and follow the current listings and sales activity in your market(s) or in other markets as well.

Bill McQuown
"Your Realty Partner"
... more
0 votes 7 answers Share Flag
Wed Oct 29, 2008
Brent DeWitt answered:
Wow, what a problem to have.

Without having any more information than that I would say "no, keep it". If I had more information I would simply line up a positive vs. negative scenario and go from there. Some of the questions that need to be answered before coming to a decision would be:

Are you going to buy another investment with the proceeds and do a 1031 exchange?
Have you lived in the home in the last 5-years for at least 2-years?
Is it rented out right now and how much return on capital are you getting?
Do you need the money from the sell for something else that can't wait?
Is there a way to convert this home into a primary residence to avoid capital gains tax like using prop 60 to give it to a son or daughter and have them hold it in their name for 2-years then sell it and give the cash to you tax free?

If your question was "Is this a good time to sell?" the answer would be easy, NO.

If your question was "is this a good time to sell then buy something else to replace it?" the answer is YES.

Anyways hope this helped,

Brent@BrentDeWitt
949-330-9624
... more
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