Our Featured Real Estate Properties-UPDATED!

by Julie Wright on February 13, 2020

THE REAL ESTATE MARKET IS GETTING HOT!! 

If you are looking to BUY or SELL a property, Call Us at 949-770-9888

Scroll Down to see Our Vacation Rental Homes

BACKUP STATUS!  6 DAYS ON  THE  MARKET!

4 Reggae Ct #176

Laguna Niguel 92677

Offered at $465,000

Open House CANCELED….Call for special financing on this upgraded move-in condition home. Enjoy the privacy in this 2 bedroom, 2 bath carriage style condo. Many luxurious upgrades including wood laminate flooring, custom stone fireplace, remodeled and upgraded kitchen with granite counter tops. Attached garage and 2 view balconies. Close to the beach plus association pool, spa and tennis courts. Hurry on this one!

ATTENTION FIRST TIME HOME BUYERS!!! Incredible down payment assistance program through California Housing Finance Agency with little to none, money out of pocket take advantage of this amazing opportunity to own THIS home!

PHOTOS NOW POSTED ON WEBSITE! CLICK HERE!

Call Listing Agent Ed Wright at 949.770.9888 for More Information or to Schedule a Private Showing!

JUST LISTED!

31524 West Nine Dr #B60

Laguna Niguel 92677

Offered at $459,950

Cosmetic Fixer in Country Club Neighborhood! Priced for fast sale! 2 bedroom, 2 full bath, approximately 1045 sqft with 2 car garage condo near the beach in Laguna Niguel country club neighborhood. Ask about the special No Down Financing available for this property! This is the LOWEST priced like kind condo in the Laguna Niguel beach community.

Call NOW for details and to Schedule a Private Showing. 949.770.9888

ATTENTION FIRST TIME BUYERS! Incredible down payment assistance program through California Housing Finance Agency with little to none, money out of pocket Contact us to take advantage of this amazing opportunity to own a home! https://youtu.be/MxgUMCdb7H0

PHOTOS NOW POSTED! Click Here to View!

Watch & Share Our YouTube Virtual Tour!

Take Look at the Property’s Infographics!

VACATION RENTAL!

34034 Selva Rd #103

Dana Point 92629

Offered at $3,500* (30 day minimum stay)

Walk across the street to Strands Beach, Park, Headlands and Dana Point Harbor. Enjoy the incredible sunset views over Catalina Island. This condo can be a great vacation home or rental with built in management services. Totally remodeled and upgraded, TURNKEY condition, fully furnished upper end unit with 2 large bedrooms and 2 full bathrooms. Enjoy the upgraded gourmet kitchen with newer cabinets, quartz counters and stainless steel appliances. Newer hardwood flooring throughout plus vaulted ceilings makes this unit open and airy. Also included are newer washer and dryer. Enjoy the ocean breezes on your private view decks, one off the living room and the other off the master bedroom. Everything is newer including vinyl windows, window coverings, custom lighting, both bathrooms  and much more. Close by the clubhouse and pool/spa. Hurry, this beach condo won’t last long. Click Here to View Photos!

*PRICE VARIES DEPENDING ON MONTH YOU ARE STAYING

For More Information or to Book Your Stay, Call Listing Agent Ed Wright at 949-770-9888..DRE#00767891

Help-U-Sell and Platinum Edge Properties Helping Buyers Find Homes

SOLD!

27552 Gable St

Dana Point 93624

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SOLD!

92 Verdin

Aliso Viejo 92656

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SOLD!

12 Del Padre

Foothill Ranch 92610

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SOLD!

24871 Hamlet Way

Laguna Niguel 92672

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SOLD!

715 N. Hemet St

Hemet 92544

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AVAILABLE VACATION HOMES

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674 Blue Jay Rd

Big Bear, 92315

Call for Listing Agent Ed Wright for Rates/Availability 949-770-9888.

Click here for Property Link  for More Information!

Close to Big Bear Lake with sunset views. Sleeps 11+ people and pet friendly. Master bedroom on main level has lake view and king sized bed plus a private full bathroom. The second main floor bedroom has a twin size trundle bed with a pull out twin size bed and is next to the full 2nd bathroom. Downstairs has 2 separate bedrooms and 1 full bathroom. One bedroom has a queen sized bed and the other has bunk bed with 2 full size beds and one twin size trundle. The game room is spacious and has a full wet bar with refrigerator. Games include darts, foos ball, karaoke and television. Upstairs is a great room layout with spacious living room and rock fireplace. There is a 50′ flat screen TV with cable and Blue Ray DVD player. The upgraded granite counter top kitchen with stainless steel appliances is open to the living room and dining area. WIFI internet service and telephone is available. Outside is view deck of the lake plus lower level spa for your relaxing evenings. A full size BBQ is also available. The Pleasure Point Marina is a short distance away where you can rent a boat slip, Pontoon boats, paddle boards and kayaks are also available. There are plenty of places you can fish for trophy sized Trout and Bass. A short drive to the Village where you can eat and shop.

Visit our  NEW Website at www.resortvacationhome.com/or Go to www.AirBNB.com/Rooms/3282047

YouTube Videos Available on our Website!

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34021 Violet Lantern St.

Dana Point,  92629

Call for Listing Agent Ed Wright for Rates/Availability 949-770-9888.

Cottage by the harbor! This is the ideal temporary housing or vacation beach cottage located in the Lantern District steps from the Town Center restaurants and activities, parks and harbor area. Great curb appeal with white picket fence. Large grass area and tropical front yard. Entertain in the private tropical fenced rear yard with covered patio. Inside features 2 spacious bedrooms, one with a walk in cedar lined closet. Very warm atmosphere with wood walls and ceilings. Living room has wood flooring and bedrooms have carpet. Ceramic tile in upgraded kitchen and laundry room. Refrigerator and washer/dryer are included. The bathroom is upgraded and extra-large. Fully furnished, just bring your clothes and bathing suit! Sleeps up to 7 people comfortably.

Month-to Month with Flexible rental term from 20 days to 6 months.  Rates for June 15- Sept 4 is $4000, Tenant to pay non-refundable cleaning fee of $150.  Call for Listing Agent Ed Wright for Availability 949-770-9888.

Visit our NEW Website at www.resortvacationhome.com/Go to www.AirBNB.com/Rooms/3115006

YouTube Video Available on our Website!

 

 

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2020 Outlook: Real Estate Market Forecast

by Julie Wright on January 28, 2020

 

We’re in the midst of the longest economic expansion in U.S. history, and economists think there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.1

Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will inevitably end. So you may be wondering … how will an eventual recession impact the real estate market?

Many Americans assume a recession would lead to a decline in housing prices like we saw during the Great Recession of 2008. But the real estate market crash we experienced wasn’t typical. In fact, the last recession wasn’t typical at all. It was the worst economic downturn since the Great Depression of the 1930s.

ATTOM Data Solutions analyzed real estate prices during the last five recessions and found that, in the majority of cases, home prices actually went up. Only twice (in 1990 and 2008) did prices decline, and in 1990 it was by less than one percent.2

 So what can historical precedent—combined with today’s data—tell us about the future of real estate? Here’s where experts predict the housing market is headed in 2020 and beyond.

HOME PRICES WILL KEEP RISING

Economists predict U.S. housing prices will continue to rise, regardless of a recession. In fact, property data firm CoreLogic forecasts a faster rate of growth for home prices in 2020 than we saw in 2019, with the biggest gains at the lower end of the market.3

Arch MI Chief Economist Ralph DeFranco expects entry-level home prices to increase faster than incomes this year, making it even more difficult for many first-time buyers to afford to enter the market.4

“Low interest rates and a shortage of starter homes will continue to push up prices,” predicts DeFranco. “This is especially the case for lower price points, since builders have tended to focus on more expensive, higher-profit houses and less on replenishing low inventories of entry-level homes.”4

“Real estate is on firm ground with little chance of price declines,” said National Association of Realtors Chief Economist Lawrence Yun. “However, in order for the market to be healthier, more supply is needed to assure home prices as well as rents do not consistently outgrow income gains.”5

What does it mean for you? If you have the ability and desire to buy a home now, don’t let a fear of recession or falling prices hold you in limbo. Economists expect home values, as well as rent prices, to continue rising. So you’ll likely pay more the longer you wait.

 INVENTORY CONSTRAINTS WILL CONTINUE

According to Redfin, Americans are staying in their homes longer. In 2019, the average homeowner had resided in their home for 13 years, up from just eight years in 2010. That means there are fewer homes available today for those who want to buy.6

It’s possible that an increase in new construction could offer some relief. The National Association of Realtors (NAR) expects single-family housing starts to total one million this year, the highest level since 2007. And NAR Chief Economist Lawrence Yun predicts the average price of new construction will decline slightly as builders shift to building smaller, more affordable homes.7

However, these efforts may not be enough to meet current demand. “Despite improvements to new construction and short waves of sellers, next year will once again fail to bring a solution to the inventory shortage,” predicts Realtor.com Senior Economist George Ratiu. “In 2020, we expect inventory to struggle to grow and could instead reach a historic low level.”8

What does it mean for you? If you’re looking to buy a starter home, be prepared to compete for the best listings. Start your search early, and if you’re up against a deadline (like a new baby), build in plenty of time to find the right home. We can help you assess your options, including new construction and up-and-coming developments.

MORTGAGE RATES WILL REMAIN LOW

Mortgage rates have declined more than a full percentage point since November 2018, when they hit a recent peak of 4.94%.9 The Mortgage Bankers Association predicts rates will remain low, at around 3.7%, through mid-2021.10

While it may not seem significant, on a $200,000 30-year fixed-rate mortgage, that lower rate means buyers could save around $145 on their monthly payment and more than $52,000 over the life of their mortgage. Lower mortgage rates make homeownership more accessible and affordable for buyers.

Although economists expect mortgage rates to stay low, they caution against waiting to act. Economic factors, shifts in supply and demand, or unforeseen impacts of the November election could cause rates to rise unexpectedly. “We recommend borrowers with long-term plans of staying in their homes to lock in a low rate now because there’s no telling how long these low rates will last,” warns Preetam Purohit, a capital markets trader at Embrace Home Loans.11

What does it mean for you? If you’re looking to buy a home, act soon to lock in a historically low mortgage rate. It will minimize your monthly payment and could save you a bundle over the long term. And if you plan to stay in your current home for a while, consider whether it makes sense to refinance your mortgage at today’s lower rates.

 MILLENNIALS WILL DRIVE THE MARKET

 Millennials are expected to account for more than half of all mortgages this year, outnumbering Generation X and Baby Boomers combined. It’s not surprising, considering their age and stage of life. In 2020, the largest cohort of millennials will turn 30, and the oldest millennials will turn 39.8

“Family changes tend to drive home-buying decisions,” explains Realtor.com Chief Economist Danielle Hale. “Millennials are going to be active in the housing market not just because they’re just at the age when they’re thinking about becoming first-time home buyers, but they’re also in the age range when they’re having kids.”12

Younger millennials flocked to urban centers that offered easy access to work, shopping, and restaurants. But high prices, lack of square footage, and subpar schools are driving millennials out to the suburbs as they begin to marry and expand their families.

In response, a new model for suburban living has emerged. “Hipsturbias,” or mixed-use communities that bring the live/work/play concept to the suburbs, were recently named one of the top real estate trends for 2020 by the Urban Land Institute.4

 What does it mean for you? If you’re a millennial who has been priced out of urban living or is looking for more space for your growing family, a number of suburbs in our area have a lot to offer. We can point you towards the communities that will best meet your needs. And if you’re a homeowner with plans to sell, give us a call. We know how to market your home to millennials … and can help you sell quickly for top dollar by appealing to this leading market segment!

WE’RE HERE TO GUIDE YOU

While national real estate numbers can provide a “big picture” outlook, real estate is local. As local market experts, we can guide you through the ins and outs of our market and the issues most likely to impact sales and home values in your particular neighborhood.

 If you’re considering buying or selling a home in 2020, contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

 

START PREPARING TODAY


If you plan to BUY this year:

 

  1. Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.
  2. Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.
  3. Call our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

 

If you plan to SELL this year:

 

  1. Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it will also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property, and it will help us price your home correctly once you’re ready to list.
  2. Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.
  3. Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage … and get you one step closer to moving when the time comes!

 

Sources:

  1. NBC News –
    https://www.nbcnews.com/business/economy/what-impending-recession-new-survey-shows-most-people-think-they-n1098511
  2. Curbed –
    https://www.curbed.com/2019/1/10/18139601/recession-impact-housing-market-interest-rates
  3. HousingWire –
    https://www.housingwire.com/articles/corelogic-expects-home-prices-to-do-this-in-the-next-12-months/
  4. Forbes –
    https://www.forbes.com/sites/alyyale/2019/11/15/2020-housing-outlook-expert-predictions-for-mortgage-rates-home-prices-tech-and-more/#343ea4522935
  5. National Association of Realtors –
    https://www.nar.realtor/newsroom/expect-continued-economic-growth-slower-real-estate-price-gains-and-small-chance-for-recession-in
  6. Redfin –
    https://www.redfin.com/blog/homeowners-staying-in-their-homes-longer/
  7. HousingWire –
    https://www.housingwire.com/articles/builders-are-coming-to-the-housing-markets-rescue/
  8. com –
    https://www.realtor.com/research/2020-national-housing-forecast/
  9. YCharts –
    https://ycharts.com/indicators/30_year_mortgage_rate
  10. MBA Mortgage Market Forecast November 2019 –
    https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-commentary
  11. Dallas Morning News –
    https://www.dallasnews.com/sponsored/real-estate/2019/11/23/experts-predict-where-mortgage-interest-rates-land-in-2020/
  12. com –
    https://www.realtor.com/news/trends/biggest-changes-coming-in-2020-real-estate-and-tips-for-buyers-and-sellers/

 

 

 

 

 

 

 

 

 

 

 

 

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Real Estate 2020: National Market Outlook

January 9, 2020

Welcome to 2020, the official start of a new decade! We hope you had a restful and joyous end of the year, filled with friends, family and fun celebrations. As we start to get back into the swing of things, we’re posting below information to keep you up-to-date on the national real estate market. Of […]

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Market Snapshot

January 7, 2020

Market Snapshot All the negative news is fading fast as the over 10-year expansion continues to break records. It is no surprise that housing in 2020 is poised to be HOT:   The active inventory is down to 4,300 homes, dropping 3,300 homes since July, down 43%. The start to 2020 will be at about […]

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5 Steps to Finding Your Next Home

November 19, 2019

  Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.1 Buying a home is a significant commitment of both time and money. And a home purchase […]

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November 7, 2019

We like to keep our clients updated on the CURRENT REAL ESTATE MARKET IN ORANGE COUNTY. Our experience is vast with 60+ combined years in the Real Estate industry, WE ARE THE AREA EXPERTS!!! If you currently own a home in Orange County or looking to make an investment this year, being clear on where the current Real […]

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October 31, 2019

We like to keep our clients updated on the CURRENT REAL ESTATE MARKET IN ORANGE COUNTY. Our experience is vast with 60+ combined years in the Real Estate industry, WE ARE THE AREA EXPERTS!!! If you currently own a home in Orange County or looking to make an investment this year, being clear on where the current Real […]

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OC Housing Report: The Sky is NOT Falling

August 22, 2019

We like to keep our clients updated on the CURRENT REAL ESTATE MARKET IN ORANGE COUNTY.  Our experience is vast with 60+ combined years in the Real Estate industry, WE ARE THE AREA EXPERTS!!! If you currently own a home in Orange County or looking to make an investment this year, being clear on where […]

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The Power of Pets

August 13, 2019

🐶🐶🐱🐱 As parents of 3 fur babies we can relate to buyers who are looking for homes that are in pet friendly communities! Finding your next family home doesn’t have to be challenging just because you have pets! Call us at 949-770-9888 and let us find the perfect home for your whole family! 🏠👨‍👩‍👧‍👦🐶🐱   http://site-430127.bcvp0rtal.com/detail/videos/one-cool-thing_/video/5370483171001/one-cool-thing-power-of-pets

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OC Housing Report: Staying Put

August 1, 2019

We like to keep our clients updated on the CURRENT REAL ESTATE MARKET IN ORANGE COUNTY.  Our experience is vast with 60+ combined years in the Real Estate industry, WE ARE THE AREA EXPERTS!!!  If you currently own a home in Orange County or looking to make an investment this year, being clear on where […]

Read the full article →