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Market Conditions in 92626 : Real Estate Advice

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  • Local Info0
  • Home Buying6
  • Home Selling4
  • Market Conditions2

Activity 2
Colin Delaney, Real Estate Pro in Costa Mesa, CA
Mon Feb 28, 2011
Colin Delaney answered:
Hi Swelman,
I have to agree with some of the other posts- craigslist or will give you the best selection of rentals. Two bedrooms are generally between $1200-1500/month. I would stay away from any situation where you think a distressed homeowner might be foreclosed on though; a foreclosure that you are renting might get you out on the street again looking for a new place to rent.
It's a good time to buy- if you have the right mix of credentials, loans are fairly straightforward and interest rates are in the high 4% range right now, which is really affordable for most condos in Costa Mesa.

Colin Delaney
Broker, Veranda Homes
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LACONTRA,  in 92626
Tue Oct 12, 2010
LACONTRA answered:
Yes. Reason? Gov intervention Ie tax credits. Home prices still have a way to go. Its going to be a buyer's market for the next few years so there is no reason to jump the gun.

Yes rates are low, but they've been low for awhile now. Don't be pressured into buying a home. Don't believe the hype. When the time is right, you will find your dream home. And by the time is right I mean prices fall another 5 to 10 percent at lease and you go convential and have plenty of cash reserves :)
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