San Clemente Foreclosures

Rising Interest Rates has become a problem for those looking to get a mortgage when buying a home in today's real estate market.  These higher rates were intended to slow down pries and inflation but the actual opposite as happened.  Due to low inventory, we have what they call shelter inflation which is reaction to the Federal government raising interest rates.  It's basically explained as the higher the interest rates go, less and less people who currently have a 3 or 4 percent mortgages on their home would not want to put their home on the market and buy another property at interest rates in the 6 to 7 percent range due to the higher costs involved.  So the higher interest rates have created a very limited number of homes coming on the market which is

The San Clemente Real Estate market in the last three to four months has been really crazy as buyers are bidding against each other when new listings that are priced well come on the market.  Many thought COVID would bring the real estate market down but it has actually had a reverse effect and the market has never been stronger.  One of the biggest issues is limited inventory which has been a problem for the last two to three years in San Clemente and has become even more limited due to COVID.  What many buyers are doing is looking for homes that are not on the market yet but will be coming on the market soon.  These listings that were once only limited to real estate agents are now available to the general public.

One of the best things you can do

What a difference a couple of months make when looking at San Clemente real estate market.  COVDI19 has really changed the landscape of the marketplace and has actually caused the reverse of what most people think would happen.  We get a lot of calls from buyers thinking they can get a big discount on real estate since they feel the overall economy has taken a hit due to the large number of jobs that were lost.  In fact, the opposite has happened to the real estate market.  The inventory of homes on the market for sale was low before COVID19 and because of the pandemic there are even less sellers wanting to put their home on the market.  Given the high demand of buyers that still want to buy in part to the very low interest rates there is almost a bidding

If you are considering buying a home in San Clemente then it's still not too late to find a detached home for around $600,000.  Over the last 10 years these numbers have been slowly increasing but there are still some neighborhoods that offer excellent values when looking at detached properties.  One thing to keep in mind that not all detached homes are classified as single family homes and can be considered a residential condo.  This is often done by real estate builders who build a new community but want to save money so they classify the homes as condos to save money.  This doesn't seem to be a big deal since the home has the look and feel of a traditional detached single family home but without the classification.  

A perfect example of this is the

When I first got into real estate over 20 years ago I always heard the word "turnkey" and had no idea what people were talking about.  It seems like its a favorite word among real estate agents for describing a home that is in excellent condition.  it wasn't later that it was explained to me that it literally meant turn the key in the door and leave without any concern about something falling apart or not working correctly.  Once I got this explanation it started to make sense but I still feel like it's a word that is over used by the real estate community.

Nevertheless, it's a short way to describe a home that needs little to no work done on the home.  Basically, bring your touthbrush and move right in.  This is especially true to describe condos in

Real Estate agents have a special day when they get to preview brand new listings that come on the market in the San Clemente real estate market place.  This is called "broker preview" since real estate agents and brokers have the ability to view a large number of listings in a short four period.  Often times, agents will spend just a couple minutes looking at a property and then drive on to the next property.  This allows them to be able to see a large number of properties so they are better able to identify properties that may work for their clients.

The dates for properties located in San Clemente, Dana Point and San Juan Capistrano is every Wednesday from 9:30am to 1:30pm. Buyers are also welcome to attend these open houses and can quickly view a

Shorecliffs area in north San Clemente is a great place to find ocean view homes in San Clemente.  In the last year many ocean view homes have come on the market in the mid $500,000 to $600,000 range.  The homes in this area were first built in the 1960's as single level homes.  Throughout the years there has been a modest mixture of two story homes in the neighborhood but for the most part the majority of homes are one level.  These are smaller beach homes that average under 2,000 square feet with some large homes that range up to 3,000 square feet of living space.  Home buyers who have a budget up to $600,000 and looking for a view property should seriously consider this community.

As a general disclosure it's important to understand that some of

For those who have been following the market in San Clemente for the last year you are well aware of the shortage of inventory in the last year.  Starting in mid-summer the San Clemente Real Estate market saw a drastic decrease in the number of homes coming on the market.  One of the areas most hit was the Southwest San Clemente area for homes under $1,000,000.  As a lot of buyers quickly realized that the bottom of the market has been passed and homes were starting to increase in price was the time these buyers wanted to get back into the market.  The sweet spot for a lot of buyers is under the $1,000,000 price point.  Early in the year we saw several homes sell in the low $500,000 range which gave encouragement for those who have been wanting to live in

Finding a home in today's market can be tough when faced with the record low inventory of homes in the San Clemente Real Estate market.  One of the best deals in the current marketplace are "short sales" as bank owned and foreclosures properties have almost disappeared from our market.  Short Sales are considered distressed sales but have many significant differences than a foreclosure property.  The main difference is time.  If are willing to be patient and have time to wait for a bank to make a decision on a short sale then they may be the perfect vehicle for you in finding your dream home. 

A new short sale listing has come on the market in the "Reserve South" community in San Clemente.  For those not familiar with San Clemente, the "Reserves" is a

Homes For Sale in San Clemente with Ocean Views is one of the most requested items when out of state home buyers come to San Clemente to buy a home.  Having an ocean view makes you connected with the ocean and the beach and makes you feel like you are living the California lifestyle.  Recent years have seen ocean view properties come down in price with many single family homes selling in the $500,000 with ocean views!  Where is the best place to look for an ocean view property?  Well that depends what kind of home you want.  Homes located by the beach will be more expensive do to it's location so the amount of ocean view you will have will be very limited unless you get closer to the beach and have a higher budget.  If you are looking to maximize your

Sea Pointe Estates San Clemente Homes currently start at $500,000 which currently 5 homes for sale under the $1 Million dollar mark!  Where is Sea Pointe Estates?  The community is featured on the northeast side of San Clemente near the San Clemente Hospital and San Clemente Krikorian movie theaters just east of the 5 freeway.  The community is a 24 hour guard gated community with a collection of one and two story homes that range up to $2.5 million.  It was only a couple of years ago when finding a home in this neighborhood under $1 million was unheard of as many of the luxury homes you will find in San Clemente area are located in Sea Pointe Estates community.  Even with the drop in prices we have seen 7 homes selling over the $1 million dollar price

The El Encanto San Clemente community has always been known to have large two story homes located on over sized lots here in San Clemente, California.  When buyers come into town looking for a home in the $700,000 to $800,000 range we love to show them this neighborhood.  When compared to other beach homes in this same price range, El Encanto homes will almost be double in size when comparing square footage of the interior of the home.  For this reason, home buyers looking for large homes for their families will consider homes in the El Encanto neighborhood.  A good example of this is a new El Encanto home that just came on the market for $849,000 that features 3,000 square feet of living space.  Some of the homes will have swimming pools in the backyard

A San Clemente Short Sale has just been sold by San Clemente Short Sale agent Sam Smith of Beach Cities Real Estate where he represented both the buyer and the seller in this real estate transaction. 124 Avenida Santa Margarita a traditional short sale where the owners owed more to the bank and were no longer able to afford the monthly bank mortgage payments. The property featured two large bedrooms and two additional non-permitted rooms located in the back part of the house. The location was ideal as the beach was just several blocks away. The home back to Camp Pendleton and located in the Southeast area of San Clemente. The home was negotiated successfully and sold for $400,000. Sam Smith specializes in helping sellers short sell their homes and offers

Relocating can always be challenging when considering moving from your current home location.  Moving to an area that you are not familiar with can be scary and not understanding the nuances and price factors that contribute to the different areas can be challenging if you are not working with a skilled San Clemente Realtor.  A good San Clemente Real Estate agent can give you a brief rundown of the city and help you find the perfect San Clemente community for you.  There are so many great areas in the San Clemente area but local knowledge of factors that may effect home prices need to told to any prospective buyers.  These factors can include land shifting, freeway proximity and noise as well as residential and mixed use areas.  Also, make sure to ask for

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

San Clemente Short Sale agent Sam Smith has just listed a new San Clemente Short Sale in San Clemente, California. 103 Via Presa, San Clemente CA, is a short sale listing located in the Vilamoura community with an association pool and spa area over looking the pacific ocean. The home features three bedrooms and two baths with a good size backyard. These town homes due share one common wall with the adjoining town home and it's just a short distance to the beach and downtown San Clemente. The short sale is subject to the bank's approval of price and terms. If you have been thinking about buying a home in the San Clemente area then short sales are a good place to start. For more information on San Clemente Short Sale Homes For Sale please contact Sam

If you have been to San Clemente, California then you know the natural beauty of the ocean and small beach town flare.  A consistent temperature of a cool 72 degrees year around brings many to the small beach town of San Clemente.  For those looking to retire in Southern California there is no better place then San Clemente.  Located ideally between Los Angeles and San Diego sits a beach town that is known for it's low key attitude and a great sense of community.  If you are looking to retire to San Clemente then you will have many choices when it comes to housing.  For those looking to live in a 55+ senior community we highly recommend the luxury homes located in the Talega Gallery in Talega.  Talega is a new addition to San Clemente so you will find

Short Sales are a fact of today's economy as many homeowners are choosing to sell their home as a short pay to the bank instead of letting the home go into foreclosure.  Talega homes have come down dramatically in price since the height of the market in 2007.  Homes are nearly 50% off which has caused many Talega homeowners to owe more than their home is worth.  Due to this fact you see many Talega short sales on the market.  If you are in the market to buy a home in the $500,000 range then Talega offers many communities to find nice two story homes.  One of the key things to look for is "approved short sales."  Short Sales can take anywhere from 3 to 6 months if the seller is just starting the short sale process. Finding an approved short sale will