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Market Conditions in 92620 : Real Estate Advice

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  • Local Info0
  • Home Buying9
  • Home Selling6
  • Market Conditions0

Activity 12
Sun Feb 3, 2013
Joe Van Fossen answered:
Hi Ali,

Here's an example of a home currently on the market in a gated community in Irvine:

http://www.homesinocandla.com/listing/mlsid/301/propertyid/S719375/

If you would like to view this home or any other, please get in touch.

Best Regards,

Joe Van Fossen
Buyer's Specialist
Keller Williams Realty
(714)584-7154
joe.vanfossen@gmail.com
... more
0 votes 7 answers Share Flag
Tue Jan 29, 2013
Ron Thomas answered:
The Historic appreciation rate is like a roller coaster; at least it has been for the last 5 years.
For the FUTURE rate, please contact Jean Dixon,

What you need to look at, is the factors that go into an area appreciating;
Unemployment
Supply & Demand
Climate
Crime
Desirability
Proximity to Fun things.

Sounds like Irvine rates pretty high, nuh?
... more
0 votes 7 answers Share Flag
Thu Feb 7, 2013
Christopher Richardson answered:
I think as an investment it does not make sense to lose money every month. There are some advantages to doing a short sale this year. i.e. the mortgage debt forgiveness act. check it out here:

http://www.irs.gov/uac/Mortgage-Workouts,-Now-Tax-Free-for-Many-Homeowners%3B-Claim-Relief-on-Newly-Revised-IRS-Form
... more
0 votes 14 answers Share Flag
Tue Nov 21, 2017
Lori Hanson answered:
All builders are held to certain building standards so they are all about the same. If you are looking at a new home vs. a older home, there are very few being built so you don't have a lot of choices. It becomes more about if you like the home or not (the layout, neighborhood, etc.).

Lori Hanson
OC Homes Realty
714-585-5236 Cell
DRE 01405146
... more
0 votes 5 answers Share Flag
Sat Nov 15, 2014
Alisha Chen answered:
Hi Bravo:

There are some loans that you may be able to qualify, depending on the extend of your credit report. There are also credit repairing companies that can help you. There are constant changes in the lender and real estate field. The most important is to see where you are now and how to prepare you to get you where you want to be. Sometimes the progress will take some time, but the main thing is, knowing what you need to do in the shortest amount of time to get there. Feel free to contact me & I'll be happy to go over your situation with you.

Alisha Chen
(949) 385-1588
www.alishachenhomes.com
alisha@alishachenhomes.com
... more
0 votes 45 answers Share Flag
Thu Nov 3, 2011
Dp2 answered:
It depends on one's definition of normal. The market in other areas are doing fine.

It's too early to predict anything about the market in 2013 and 2014. It will be just as interesting if nothing gets done to remedy the unemployment. ... more
0 votes 14 answers Share Flag
Tue Nov 1, 2011
Roxie Baber answered:
My suggestion is to start with the public records for home assessments in your county. There is a website that has the assessments and tax bills of your neighbors to use as a guideline. Did they all go up or is this selective? The second place to look is to a realtor in your neighborhood (look for names on the signs) and ask them for comparable sales of homes in the neighborhood to support your position that other properties did not increase 17%, so why is yours? A good realtor should be happy to help you with this as it is in their best interest to help a possible future client. I am a realtor in a small market in Colorado and helped several (non-client)homeowners fight this very thing when we had a big assessment increase last year that was very selective for certain properties. Please see the link below to the County of Orange - Treasurer-Tax Collectors office website to get you started. BTW - I easily found this site by Google even though I'm in CO. Everyone else can do the same in their own counties. If it doesn't come through, the website is tax.ocgov.com/tcweb/search_page.asp. Good Luck! ... more
0 votes 4 answers Share Flag
Sat Jun 27, 2009
Thom Colby answered:
You should look at all the large companies - but - it will be tough. Commercial is in a very dire situation and long time Commercial Brokers are struggling just to hang on. It's in worse shape than Residential if you can believe there's anything worse !

Best of luck,

Thom Colby
Broker / REALTOR
Orange County, CA
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0 votes 2 answers Share Flag
Wed Dec 1, 2010
Thom Colby answered:
Shaz -

Send the address of your home to thom@thomcolby.com and I'll send you the comps at your e-mail.

Cheers,

Thom Colby
Broker & REALTOR
Orange County, CA
0 votes 3 answers Share Flag
Wed Apr 9, 2008
Luke Hagenbach answered:
I do not believe it has bottomed out in Irvine, but that is an opinion. We usually find out where the bottom is once we have left it. Depending on who you talk to, the general consensus is that this year should drop 4-9%. 2009 looks to be a wash. Many factors could change those opinions (like interest rates jumping up).

Whether you should sell or not is more complicated question. There are some tax-related questions that would need to be answered, like:
How much equity do you currently have in the home?
How long did you live in the home, and do you intend to purchase a property in the Bay Area?

If you would like me to keep you comprised of the value of your property on a regular basis, I would be happy to do so. My office is in Newport Beach and deal with a lot of property in Irvine. Just email me through my profile with the address and let me know what email address I should be sending the information to.
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0 votes 3 answers Share Flag
Wed May 4, 2011
Amanda Wheeland answered:
Hello Terri. My advice would be to work with a broker who specializes in the Irvine area who can help you find a home which is a good value and meets your other real estate needs. When you work with an agent who specializes in the area, they can help you determine the housing trends for particular neighborhoods and show you whether you are buying a home that is priced at the high end of the market or the low end.

In Irvine, there are a number of properties that are listed as needed an immediate sale, either for financial or work-related reasons (i.e. in foreclousre, a short sale, job transfer, estate sale, etc.). These properties often present opportunities to purchase a home below market value and thus can be a good purchase in any market, but most especially in a down market.

If you would like me to send you examples of such properties, please let me know. I'd be happy to help you find a home in Irvine that makes good financial sense to buy.

~Amanda Wheeland
Real Estate Broker & Lawyer
... more
0 votes 8 answers Share Flag
Mon Jun 20, 2011
Dot Chance answered:
From what I know, the real estate market is about the same all over Southern California. We've had a slow-down, there are many more properties on the market (which gives you much more to choose from). In my area the median priced home has gone up. ... more
0 votes 6 answers Share Flag
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