January 2012

The housing market has really started off quickly here in 2012 and we are seeing a record number of buyers out in the marketplace looking for homes.  With the current low inventory of homes finding a home that fits your needs may be tough until we get into the spring and summer months.  If you are looking ahead and wanting to find a home near the San Clemente high school we recommend a couple of areas.  The homes located directly above the high school is called the Broadmoor area.  Here you will find single level homes that are situated to maximize the ocean views.  If you find one high enough on the hill then the views of the ocean can be amazing.  Just east of the high school is the Rancho San Clemente area which has a large number of communities

If you are looking for tax shelters in today's economy many are turning away from the stock market and heading towards the real estate arena. With record low prices and rock bottom interest rates buying homes has never been cheaper. This is especially true for real estate investors that are buying homes with interest rates in the 4% range! This is something I thought I would never see happen. Buyers are now realizing that their monthly mortgage payment may be less then the amount of rent they can bring in on lower end properties. This can be achieved with putting as little as 20% down for homes under $300,000. We have several clients looking to buy multiple properties in this price range due to the affordability factor and monthly cash flow they will

San Clemente is a hot destination for those who love to surf and there is no better place to catch some waves then the famous Trestles surf break located in San Clemente on the Orange and San Diego county boarder.  Many surfers are now relocating to the San Clemente area and looking for homes near this famous surf break. 

If your budget allows then you will want to buy in the three gated communities located near Trestles.  These three gated communities consist of "The Breakers," "Cyprus Cove," and "Cyprus Shore."  Homes don't come cheap in these communities so plan to spend at least $1 million dollars to find a home here with ocean front homes starting around $5 million.  The flip side is that you will reside in a gated community with an easy walk

The Talega area is rich in short sale deals and the Terra Linda community is no exception. Terra Linda is a great place to find large two story Spanish and Mediterranean style homes in the low $600,000 range. When it comes to short sales it helps to have an approved price from the bank. Often times real estate agents will advertise their listing as "Approved Short Sale." Basically, this means that they had a previous offer that was submitted to the bank at a certain price. The bank reviewed both the offer and seller's hardship and approved the buyers offering price. This is what we call an "Approved Short Sale." The reality is that short sales take a long time from start to finish and approval's can take anywhere from a couple of weeks to 6 months.