Friday, February 3, 2012

How's The Market...In Rancho Santa Margarita, Mission Viejo, Coto De Caza, Ladera Ranch?

How's The Market...In Rancho Santa Margarita, Mission Viejo, Coto De Caza, Ladera Ranch?

As a REALTORS® I am frequently (OK...all the time...) asked, "How's the market?" So what is my answer to this question in the beginning of 2012?

I tell people, "the market is great! In fact, real estate is ON SALE! We are in a market with historic low interest rates and the banks are getting smarter about settling short sales. Additionally, investors are bringing their cash to the market in droves."

It has been said that when the investors start spending their cash, the market has reached the bottom and they feel confident that the timing is right to put their resources to work. That is exactly what is happening with both foreign and domestic investors.

How good it this market you ask? It's like buying Apple stock at $100 per share. (BTW...that stock is at $459 per share as I write this.) Who doesn't see the value in this current real estate market?

Now is the time to jump in the water before prices start to rise and all of the good properties are gone. In the South Orange County, CA market it is very easy for first time buyers to purchase a home and pay less per month than their current rent. FHA has great programs to get buyers into their home with 3% down. An even better deal are Fannie Mae homes with 3% down, no mortgage insurance and no appraisal fee. What are you waiting for?

If you are thinking about purchasing your first home, moving up or investing in a rental unit or commercial property, now is the time to get busy.

Feel free to contact me about the opportunities that abound right now.

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John Alesi - REALTOR®

949-510-2154

CENTURY 21 Superstars

Search for homes at: www.YourOCHome.com

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DRE# 01730187

Copyright 2012 by John Alesi. May not be copied with out consent.

Monday, January 30, 2012

Am I Buying A Condo Or A PUD?

Am I Buying A Condo Or A PUD?

What is the difference between a PUD and a Condo? More clearly stated, what is the difference between a Planned Unit Development (PUD) and a Condominium?

While these types of homes may look alike in physical appearance, their differences are in the legal structure of the association that binds these units and their owners together. In a PUD, the unit owner also owns the land surrounding or assigned to that particular unit while a Condo owner owns a portion of the total land of the development as well as a divided interest in the shared spaces of the community such as pools, recreation areas, walkways, elevators,etc. Both PUDs and Condos are covered by a Home Owners Association (HOA) and owners are required to become members of that association.

PUDs and Condos can be attached or detached. Many people assume that all attached dwellings are condos and all detached homes are "single family". The truth is that there are detached homes that belong to a HOA and there are attached homes that are legally classified as single family. These determinations can effect the type of financing options available to new owners.

For example, FHA has set up guidelines for Condos regarding the numbers of renters to owners in a HOA as well as the financial stability of that same HOA. Typically, less that 50% can be tenant occupied and no more than 15% of the home owner acounts can be delinquent. These guidelines do not apply when the unit being considered is a PUD.

An easy way to tell if a development is a condo or PUD is to check the Accessor's Parcel Number (APN). In Orange County, CA, the parcel number begins with "9" if the unit is a condo. Any other digit indicated a different type of property; 9xx-xx-xxx is a condo.

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John Alesi - REALTOR®

949-510-2154

CENTURY 21 Superstars

Search for homes at: www.YourOCHome.com

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DRE# 01730187

Copyright 2011 by John Alesi. May not be copied with out consent.

Friday, January 13, 2012

Thanks for your comments

Thank you all for your comments on my posts. I really appreciate you taking time to read and comment.

However, this not a place to post links to your site. All comments are now moderated and any that contain such links will be deleted.

Wednesday, January 11, 2012

Environmental Tips from the EPA

Environmental Tips from the EPA

ENVIRO-TIP OF THE MONTH

Test your home for radon. Radon is an invisible radioactive gas that causes lung cancer. Testing is the only way you can know if your home contains high radon levels. Test, Fix, and Save a Life - January is National Radon Action Month.
http://www.epa.gov/radon/radontest.html

WHAT YOU CAN DO, WHAT YOU CAN USE

Welcome MATS - learn more about how the new Mercury and Air Toxics Standards will help protect health for you and your children. By cutting air pollution from power plants, MATS is expected to avert hundreds of thousands of premature deaths, heart attacks, and asthma attacks every year.
http://yosemite.epa.gov/opa/admpress.nsf/names/hq_2011-12-21_Mercury

Green after the Holidays! It's always the right time to give a gift to the environment and it's easy!
-Pick 5 for your New Years Resolution! Healthy resolutions easily partner with helping the environment. Get Inspired. Get involved. Decide to act, share, and maintain.
http://www.epa.gov/pick5/

-save energy and recycle more at holiday parties and other activities.
http://www.epa.gov/osw/wycd/funfacts/holidays.htm

-got new toys? eCycle your old cell phone, computer, or TV!
http://www.epa.gov/osw/partnerships/plugin

-the tree might not be green anymore but you can recycle it in environmentally friendly ways!
http://www.epa.gov/epawaste/inforesources/news/2003news/12-trees.htm

Thursday, January 5, 2012

Mission Viejo Farmers Market Opens January 13

Mission Viejo Farmers Market Opens January 13

The new Mission Viejo Farmers Market opens at 9 a.m. on Friday, January 13 in the Civic Center courtyard boasting fresh produce, homemade food products and living products produced by Gary Matsuoka.

The weekly market will boast fresh produce, fish, meat, cheese, breads, baked goods, specialty food, gift baskets, flowers and more from these vendors:

Abigail’s Smokehouse - Smoked Fish, Spreads, Fish Jerky
Abigail’s Fresh Fish - Catch of the Day
Angel Bite Cookies - Gourmet Cookies
Apson Farmers - Vegetables & Herbs
Baba Foods - Hummus/Mediterranean Food
Basement Table - Gourmet Chef
Basil Top - Basil
Buma Farms - Produce
Chubby’s Concession - Lemonade
Dolce Manachelli - Gourmet Cakes
Do Le Ranch - Meat, Poultry
Drake Family Farm - Goat Cheese
Fresh Baked Gourmet Bread
Gary & Nancy Matsuoka - Laguna Hills Nursery
Gaytan Farms Inc. – Produce
Hopkins Almonds - Flavored Almonds
Jamie Taylor - Kettle Korn
Jessie - Vegetables
Kokopellis Wellness - Natural Oils, Soaps
Mangi Con Amore - Italian Prepared Foods
Mr. Arelgo - Flowers
Mr. Corn Tamales - Mexican Tamales
Natures Tasty Treasures - Pure Raw Honey & Fresh Roasted Peanuts
Riverside Farm - Produce
Salsa by Liz - Chips & Salsa
Smith - Organic Fruit
Summerland Catering - Gyro Sandwiches
SunnyCal Farm - Produce
The California Olive Company - Olive Oil, Avo Oil
Ti Amo Biscotti - Biscotti Cookies, Gift Baskets
TJ Pizza

Hours & Location:

Fridays from 9 a.m. to 1 p.m.
Open Rain or Shine
Free Parking and Admission

Mission Viejo Civic Center
200 Civic Center
Mission Viejo, CA 92691

The market will be open from 9 a.m. to 1 p.m. every Friday and will feature live entertainment the first Friday of the month. The grand opening day will include the talents of singer/songwriter Phillip Bardowell.

For more information about the Mission Viejo Farmers Market, visit cityofmissionviejo.org/farmersmarket.

Thursday, December 29, 2011

10 Things That Make Buyers Bite

10 Things That Make Buyers Bite

The following is a post from HGTV’s FrontDoor.com. These great tips will help sellers get the most from their home sale while attracting quality buyers.

1. A Nice Entryway

Impress buyers right off the bat with a beautiful entrance. "I always tell sellers to put a fresh coat of paint on the front door," says real estate agent Theresa Evans of Charleston, S.C.

And if you don't have an entrance at all, make one. "A lot of my buyers have mentioned that they don't like to just go through the front door into the living room," says Los Angeles-based realtor Rhonda Kohn.

This problem, more common in condos and apartments, is solved by cleverly placing furniture to create more of an entryway. "A console table or demilune chest of drawers with something over it creates a welcoming vignette," says designer Sue Adams of Andover, Mass.

2. Hardwood Floors

Realtors agree that most buyers are hunting for hardwood. You can bet that of all types of flooring, hardwood floors will "have the most longevity and will never go out of style," according to designer Linda Applewhite of Sausalito, Calif.

A synthetic wood floor, like Pergo, "is always a good option for those who can't afford hardwood," furthers real estate agent Rhonda Kohn. But know that a laminate floor "won't fool everyone - it has a hollow thud when you walk on it and it doesn't look the same," adds designer Sue Adams.

3. Fab Fixtures

"Fixtures," says designer Linda Applewhite, "are the jewelry of the house." Only the extremely detail-oriented among us will stop to inspect doorknobs, faucets and cabinet knobs, but designers and real estate agents argue that we'll prefer the look of a place that has coordinated fixtures that are a cut above standard developer grade.

"Newer construction is so chintzy with fixtures and fittings," observes Miami-based interior designer Simon Temprell. Replacing knobs and drawer pulls "is the quickest way to make over a bathroom or kitchen," he says. And when it comes to faucets, he adds, "for $60 or $70 dollars you can buy something infinitely better" than what you likely already have.

4. Beautiful Baths

According to real estate agents, marble counters, whirlpool baths and steam showers up the attractiveness of any bathroom. But if you don't have these luxury items, it may be more practical to address the unattractive aspects of your existing bath.

"Rip out that big sheet mirror and those globe lights that look like you're in a theater dressing room," suggests designer Simon Temprell.

Replace them with an elegant framed mirror (don't be afraid to look outside the bathroom section, he says) and sconce lighting on either side.

This lighting scheme is also more flattering to the face, observes designer Sue Adams, and making buyers feel pretty will pay off!

5. Countertop Considerations

You've probably heard that granite is the secret to a contemporary kitchen, but that's not necessarily what buyers are after. "It's really about the slab," says designer Linda Applewhite. Buyers don't want to see grout lines on their counters, she explains.So when it comes to slab countertops, granite is the top pick because it's hard, nonporous and easy to care for. But then again, so is Corian, so are composite stone surfaces such as Silestone and, she notes, with the help of today's sophisticated sealants, so are concrete, limestone, soapstone and marble.

Even butcher-block, which is much less expensive than stone, can be a more appealing alternative to tile or laminate countertops. "When it gets funky, you can sand it and oil it and it looks good again," she says.

Already have granite? Make it cutting edge. "A lot of people are honing their granite now," adds Applewhite. "What that does is knock it down and make it more matte, so it looks warmer and more inviting. Shiny surfaces can look very cold."

6. Steel This Idea

Why do buyers go bananas for stainless-steel appliances? It's the power of suggestion. "A kitchen with stainless appliances looks like a commercial kitchen. It makes people think that they're great cooks," observes designer Sue Adams, "but because the finish shows fingerprints, it's not for everyone."

As far as other alternatives go, the designers agree that in general, black fixtures can look dated, while white is okay for a country kitchen. And some people are making appliances blend in beautifully by ordering front panels to match their cabinetry.

7. Pre-Organized Closets

Just as stainless appliances convince buyers that they are better cooks, closet organizers make buyers believe that they are better homemakers. If your closets are unadorned, don't underestimate the importance of this easy addition.

"They make you feel secure and calm and people need that," notes designer Sue Adams. And while you don't need to use high-end organizers, make sure that the materials are up-to-date. "Twenty years ago, closet organizers meant wire shelves. You can't slide anything over a wire shelf. You can't even put a hanger in some of them," she says. Today's ideal would be "melamine shelves, in bone or white, with some drawers and metal rods to maximize storage," she says.

This organization shouldn't stop in the closet - make sure your kitchen cabinets are orderly, too. "If they open up a door and see a big pantry, but it's not organized properly, it won't be as exciting as something already organized with a place for everything," says real estate agent Theresa Evans.

8. Light Up

"Floor lamps just don't cut it these days," says real estate agent Rhonda Kohn. If your home doesn't get a lot of natural light, consider installing recessed lighting or new sconces, or both, so the buyer won't struggle to figure out how to brighten up the space.

"Lighting is probably the most overlooked, yet the most important aspect of interior decoration," designer Simon Temprell says, adding, "In newer construction, you don't have sufficient lighting. The reality is that everyone needs three types - task, ambient and decorative lighting - which allow you to change the mood of the room."

When it comes to recessed lighting, know that the smaller the fixture, the more updated it is. "We used to have six-inch apertures, now we have four-inch openings. And using halogen bulbs gives a cleaner, more modern look," says designer Sue Adams.

9. Built-In Bonus

Interior Designer Linda Applewhite observes that many buyers view built-ins as "free furniture." Well-crafted bookshelves, china cabinets and entertainment units can "make a home stand out as quality," adds designer Sue Adams.

On the other hand, says designer Simon Temprell, "It can be a catch-22 because some people would rather organize their own furniture. Sometimes it's better to have freestanding pieces that look like built-ins, that you can give the buyer the option to purchase."

10. Grass Is Greener

Are the homebuyers in your area families with young children? If so, they'll be drawn to spaces with a flat, open lawn.

Were you thinking of putting in a concrete patio or rock garden? Don't bother if you're putting your home on the market. "A flat yard is a real plus. Spend some money and put in the grass. It's a good seller," says real estate agent Rhonda Kohn.

Tuesday, December 27, 2011

Rancho Santa Margarita Bank Owned / Foreclosure Homes For Sale December 2011

Rancho Santa Margarita Bank Owned / Foreclosure Homes For Sale

Click this link to see the latest Bank Owned / Foreclosure Homes For Sale in Rancho Santa Margarita, CA, 92688 as of December 27, 2010.

This the most current list of homes that are bank owned foreclosures in the city of Rancho Santa Margarita. They range in price from 79,900 to $610,000 and include single family homes and town homes/condos. These homes may be located in various communities of Rancho Santa Margarita including Robinson Ranch, Dove Canyon, Las Flores, Rancho Cielo and Wagon Wheel.

Rancho Santa Margarita (RSM) is a lively and vibrant community that grew from a few housing developments in 1986 into one of the newer cities in Orange County California, incorporated as a city in 1999. The twin peaks of Santiago and Modjeska are the backdrop for the city and the adjoining wilderness areas. A 13-acre man made lake is a central focus of recreation in the community with a swimming lagoon and beach club plus a dozen other parks and recreation areas available throughout the city area. Elementary and secondary schools, both public and private serve the young people of the community. Residents are served by several shopping areas which include major retailers, small "mom & pop shops", entertainment venues and restaurants of a wide variety.

If you would like more information about buying a home in Rancho Santa Margarita or are considering selling your home, feel free to contact me for more information. You can also click here to for search all homes and condos in Rancho Santa Margarita.

Click here for information about the City of Rancho Santa Margarita.


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John Alesi - REALTOR®

949-510-2154

CENTURY 21 Superstars

Search for homes at: www.YourOCHome.com

Facebook Twitter LinkedIn

DRE# 01730187

Copyright 2011 by John Alesi. May not be copied with out consent.