Summer seems to have flown by and school starting is just around the corner.  My son keeps telling me not to remind him that this is his last week of freedom…. but it’s so hard, since mine is just beginning!  Funny how your perspective changes once you are out in the “real” world. 

I hope all of you had a wonderful weekend and enjoying the fantastic Southern California weather we’ve been having. 

hot buys 08 25 2008.xls

For the third straight week, you will notice we have had a tremendous amount of bank owned properties going into escrow.  You will also notice that supply is being replenished.  This is a good thing, because bank owned properties are the easiest type of foreclosure for a buyer to purchase.  There are still great deals to be had on the short sales if you have the patience to wait them out.

For those of you finding this list for the first time, if you see a home that you need additional information on, send me an email at SandraCarlisle@firstteam.com and we will get the cut sheet to you ASAP.  When you are inquiring about a certain home, please be sure to include the line item number and the list it came on.  If you would like this list sent to you once a week, we will put you on our weekly e-blast.

Also, if you do not see the area or price range that you are interested in, just send me an email regarding your criteria and we can do a separate search for you.  If you have any trouble opening this attachment, send an email to me at the address above.

Our next Short Sale/Foreclosure Seminar will be coming up in the next week or two, so watch for that date. 

We also have a Buyer Seminar in the planning stages.  If you are interested in learning about what you are signing when you make an offer to purchase, what are the timeframes you will be working in, how much closing costs will be and more….  send me an email and I will notify you when the date is set for the Buyer Seminar.  This Seminar should be a must for First Time Buyers, but I have given this one on one to clients who are repeat buyers and they find it beneficial as well.  The contract undergoes changes every year.

Thank you for your support and referrals.  As we mention in our weekly e-blast, we encourage you to forward our lists to friends and family who are looking to sell or purchase a home.

During the week we forward great deals that come on the market to our buyers looking in specific areas. If you would like us to send you the hottest buys as they come up during the week, let us know.

Market Commentary (Tuesday, August 20th, 2008)

This week, Nate highlights the terms of the new $7,500 Buyer Tax Credit being offered by the IRS.  Detailed information can be obtained at www.federalhousingtaxcredit.com

  • The tax credit is available to first time home buyers only (those who haven’t owned a home in the most recent 3 years)
  • The tax credit is 10% of the purchase price or a maximum of $7,500
  • The credit is available on homes purchased after April 9th, 2008 and before July 1st, 2009
  • Single tax payers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit
  • The tax credit works as an interest free loan payable to the US Government over 15 years ($500 annually), but the buyer receives up to $7,500 next year in one lump sum!

For all your mortgage needs, call Nate Lindsey at (714) 394-0506.  For all your real estate needs, contact Sandra Carlisle at (949) 278-4807.

Here are this weeks Hot Buys which include Short Sale Properties, Bank Owned (REO homes & deals that just happen to be great!

  • If this is the first time you are finding this list, feel free to shoot me an email for information about a particular home(s) and I will forward over the cut shoot as soon as I can. 
  • This list is compiled from hours and hours of previewing to bring you the best buys out of the thousands of homes on the market. 
  • If you would like to receive this list weekly, directly to your inbox, just ask and we will put you on the list.

hot buys 08 18 2008.xls

Hope you have a lovely week.  For more information about how to purchase or sell a home as a Short Sale, contact Sandra Carlisle at (949) 278-4807 or send an email to SandraCarlisle@firstteam.com.  The information is FREE!

Homes for Sale in Orange County

This Week’s Hottest Buys in the Real Estate Market!

hot buys 08 11 2008.xls

 

Here is this week’s updated list.  Sorry for the delay, but the blog platform has been glitchy and this is my third attempt this week…

You will notice that the Bank Owned (REO) properties are flying off the Real Estate Shelves.  Sellers and inexperienced agents are finding that the Short Sales are being held up by 2nd & 3rd lienholders who don’t want to let go for next to nothing.  This will continue to add to the Bank Owned section for some time to come.

 If you are finding this Hot Buys List for the first time, please feel free to email me at SandraCarlisle@firstteam.com for more information on any of these properties.  We will forward over the cut sheet ASAP.   If you would like to receive this list on a weekly basis directly to your inbox, let me know and we will add you to the e-Blast.

Thank you everyone for the referrals we have received this past week.  Feel free to forward this list to your friends, family & acquaintances who are in the market for a new home or investment property.  You are the backbone of our business. 

 

Homes for Sale in Orange County

Homes for Sale in Corona del Mar - Irvine Terrace

Irvine Terrace

Homes for Sale in Irvine Terrace

  • 1900 Seadrift Drive - Original Condition on a large, 10,000+ square foot corner lot.      Asking $1,795,000
  • 1800 Tahuna Terrace - This home enjoys an elevated, corner location on a premium street.  Private, open w/room to expandAsking $1,795,000
  • 624 Ramona Drive - 3bd/3ba w/Ocean Views & Bay Views plus pool.  Asking $1,995,000
  • 1425 Santanella - Rich Comtemporary Detailing meets the Traditional California Lifestyle in this remarkable residence.  Dramatic entry w/solid glass front door & raised ceilings.  Beautiful flooring, master suite w/private entrance.  Backyard boasts resort quality lap pool, built-in BBQ, sitting area & spa.  Asking $1,999,999
  • 1932 Altura - French Provencial Curb Appeal, built by Doug Root.  Hand-distressed walnut flooring, crown molding, find hardware & finishings.  Read the rest of this entry »

Homes for Sale in Newport Beach, Corona del Mar, Newport Coast & more…

Is it really August already??? 

This week you may notice that the amount of bank owned (REO) properties coming to the market is growing.  We will continue to see this trend because the Short Sales are not selling and more and more homeowners are losing their homes to the bank. 

(Note to potential Short Sellers:  You NEED an agent experienced in Short Sales, most real estate agents are not. CALL ME!  I have a short sale team that works exclusively on these types of Sales.)

For those of you stopping by for the first time…

  • If you see a home(s) that you need more information on, send me an email and I will forward over the cut sheet.  When inquiring about a certain home(s) make sure to add the line item number and the sheet it came from.  Also, if you do not see the area or price range that you are interested in, send me an email regarding your criteria and I will do a separate search for you.

  • No agent calls or inquiries please.
  • This list is not intended for consumers who are already working with a real estate agent.  It is time intensive putting this list together.  Please let your agent do their own work, or better yet, hire us instead.  If your real estate agent doesn’t know the inventory, it’s probably the tip of the iceberg on what they don’t know. 

 

hot buys 08 04 2008.xls

 

*** Check back soon for my newest project… It’s called “I’ve Got Something in My Pocket…”  - This will be a weekly peek at our “Pocket Listings” .  Pocket Listings are homes that are not yet in the MLS but available for sale.  Get a head start on some of the best buys and most beautiful homes before the rest of the market does!  

If you are an unlisted seller, or a FSBO (For Sale by Owner) who is cooperating w/brokers, and would like an incredible amount of exposure (2,000+ local buyers) for your Coastal Orange County home prior to it hitting the MLS, call Sandra Carlisle  today at (949) 278-4807.

Homes for sale in Newport Beach, Corona del Mar, Newport Coast, Costa Mesa & Laguna Beach…

 

Condo for Sale in Corona del Mar - NEW LISTING!

Penthouse for Sale in Corona del Mar

Asking $789,000

Enjoy coming home to this Quaint Mediterranean Villa located in the Corona Highlands neighborhood of Corona del Mar .  This spacious end unit, Canyon Cove penthouse, has only 1 common wall and no one above.  Enjoy beautiful sunset views from the kitchen, office, living room & master bedroom.  

  • The kitchen is complete w/5 burner gas range, convection oven, built-in microwave,Bosch dishwasher, breakfast bar, granite countertops & travertine backsplash.  
  • The living room is spacious enough for full sized furniture, includes a dining area, has multiple large windows,a  fireplace, and vaulted ceilings.  
  • A large master bedroom & bath w/a wall of closets, separate linen closet & vaulted ceilings.
  • A large loft allows for extra storage in addition to the hallway closet, personal
    storage room in the garage & a secure bike room.  Inside laundry
    w/full size hook-ups.
  • Private access to a naturally secluded beach plus an easy walk to shopping, dining, coffee, beaches, Crystal Cove trails & the Farmer’s Market.
  • 2bd/2ba +office/den  

Call Sandra Carlisle at (949) 278-4807 for more information or to schedule a showing of this home for sale in Corona del Mar.

SEND SANDRA AN EMAIL

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Condo for Sale in Corona del Mar - NEW LISTING!

Corona del Mar Open House - Homes for Sale in Corona del Mar

Open House Saturday & Sunday!

 

Saturday, August 2nd, 2008 

11am - 4pm

Sunday, August 3rd, 2008

11am - 6pm

 

610 Marigold Avenue

Stop in and say Hello! 

Corona del Mar Open House - Homes for Sale in Corona del Mar

The first time most buyers see the California Residential Purchase Agreement is when they find their dream home.

Since it is the largest purchase most people will make, I think it’s important to know what you are signing long before you are narrowing down your choice of homes.  Finding your home should be the fun part ….. not having to decipher the contract when you have the adrenaline pumping.

Most buyers have many questions and you should have those answers PRIOR to finding your home so you know what to expect.

This is a brief overview of the California Residential Purchase Agreement put together by First Team.   This overview generally leads to more questions which I am happy to answer in person with you. Call me at (949) 278-4807 Know what you are signing!

Einstein says to know what you are signing

Seven Important Clauses of the California Residential Purchase Agreement

  1. Paragraph 2 - Finance - How the financing of your loan, down payment and deposit will be structured.
  2. Paragraph 4 - Allocation of Costs - Between the buyer and seller, who will pay for what costs?
  3. Paragraph 7 - Conditions Affecting the Property - Buyer’s right to inspect the property and ask for repairs or take other action.  Seller’s obligation to disclose known material facts affecting the property.
  4. Paragraph 9 - Buyer’s Investigation of the Property and Matters Affecting Property - Buyer’s right to perform inspections and investigations of the property.
  5. Paragraph 14 - Time Periods; Removal of Contingencies; Cancellation Rights - Buyer’s and Seller’s obligation to perform.  Buyer’s and Seller’s right to cancel if time periods are not met.
  6. Paragraph 16 - Liquidated Damages - If the buyer fails to complete this purchase because of Buyer’s default, seller shall retain no more than 3% of the purchase price.
  7. Paragraph 25 - Other Terms and Conditions - List any additional disclosures to accompany Purchase Agreement.  List any personal property (refrigerator) to be included in the purchase agreement.

If you are thinking about purchasing a home in Newport Beach and the surrounding communities such as Newport Coast, Corona del Mar, Eastside Costa Mesa & Laguna Beach, let’s get together and make sure you know what you are signing!  Contact Sandra Carlisle at (949) 278-4807.

Other topics we will cover include:

  • Closing Costs
  • Title Insurance
  • Market Conditions
  • Disclosures
  • A more in depth look at the Purchase Agreement
  • and more depending on your situation

*For those of you who are looking to buy in other areas of Orange County, Los Angeles County, San Bernadino & Riverside Counties, feel free to contact me at (949) 278-4807 and we will get you the information you need in your area.

Jul

28

Hot Buys for the Week of July 28, 2008    (Orange County Real Estate) 

This week the Short Sales outnumbered the Bank Owned Properties 2 to 1 in New Listings, however, the Bank Owned (REO’s) still outnumber the Short Sales in open escrows by 3 to 1!

hot buys 07 28 2008.xls

The big development in the real estate market this weekend was the approval by the Senate to assist homeowners going into Foreclosure.  Although the package is still awaiting the signature of El Presidente, just the fact that it passed the Senate is big.  While not likely to help anyone currently in default, it may assist future homeowners in need.

For those of you who are receiving or viewing this list for the first time, when you see a home that piques your interest, send me an email and I will forward over the cut sheet.  Please let me know which list the the property came from (Bank Owned, Short Sale, Hot Buy, etc…) in the subject line. 

Also, if you have difficulty opening the attachment or link, send an email and I will do a separate search for you in a format that you can open.

* No Agent Inquiries Please

Thank you everyone, for your support and referrals this year.  If you know of anyone who is thinking about purchasing or selling a home please pass my name along.

- Sandra

Here are two new listings not yet in the MLS!

511 Morning Canyon Road

610 Marigold Avenue

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