$440,000 - 245 Via Presa, San Clemente

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…

One of the hidden gems for finding good quality rental homes in the San Clemente area is the Vilamoura community.  Over the last couple of years this has been one of the go to places when looking for a quality rental in the mid $3,000 to low $4,000 a month range. What I love about these townhomes are the very well thought out floor plans with soaring ceilings for properties that can have square footages of 1,400 to 1,800 square feet.  We recently just saw a very nice ocean view rental in Vilamoura come on the market that was only on the market for 2 days and offered stunning views as pictured below.  It was priced at $4,500 a month which is expected when you have a premier ocean view in this community.  Non-ocean view homes here will…

San Clemente is an older beach town down that dates back to the 1920's when the homes were first built here.   Since many of the neighborhoods in San Clemente have been around for a long time you won't typically find any Mello Roos in these neighborhoods.  Mello Roos is a bond that is associated with brand new communities as a way of passing on the costs to the homeowners associated with building a new neighborhood.  Builders are always looking for ways to minimize the costs when building homes and creating a Mello Roos bond which typically goes for 25 to 30 years and is smart way for them to avoid the costs associated with building streets, sidewalks, etc in a new community.  Most buyers don't like this added extra cost when buying a…

San Clemente offers a wide variety of neighborhoods to choose from the downtown San Clemente area that was originally built staring in the 1920's to newer areas like Talega that started constructions approximately 20 years ago and has spanned over 40 different communities.  The one thing that all of these homes have in common is offering homes that are located on cul-de-sac streets.  When looking for a home most buyers have a bucket list of items that they want to have in their new home.  Location is typically at the top of the list when a client wants to live in a certain neighborhood or an area that is approximately that is a certain distance to the beach.  Many times buyers will also want to have a private location which a…

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…

We recently were working with a client who was excited to hear that there was a Life Time Fitness center in San Clemente.  He wanted to look for homes in close proximity to this chain fitness company.  We never realized that there was a huge following up this gym and quickly realized they had other locations in Southern California including Laguna Niguel and La Jolla.  The best place to look for homes within close proximity to the San Clemente location is the Rancho San Clemente area.  In fact, Lime Time Fitness is located at the base of Rancho San Clemente and used to be the old Swim & Tennis Club if you have been here long enough to remember that.  There is even a 24 Hour Fitness Located Near the very end of Rancho San…

San Clemente has a large number of properties on the market for sale right now that are being marketed as fully furnished.  This is becoming a big trend in selling a home  How exactly does it work?  For starters, there are various degrees in which an owner can decide to sell a home.  We see some sellers offering select pieces of furniture to be included in the sale while others will offer completely everything including kitchen plates and silverware.  One of the first things you should do it make a quick estimate on how much the furniture would cost if you were to buy it.   It's important to also factor in the selling price of the home as well.  If the home is priced correctly and listed at a price point of where…

One of the benefits of living in the Southern California is the sunny weather we get to enjoy pretty much all year around, except for the June gloom that that occurs every year.  Many residents have used this benefit to aide in going green and using solar panels as an alternative to electricity.  The technology in this field has drastically changed over the years and as a result has become more affordable.  Many homes in San Clemente are installing solar panels on their roofs which has become a huge selling point when it comes time to sell.  Markeing a home with solar panels really does appeal to those who want to live a more green focused living and for those who are also cost conciecous who want to save money. There are…

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…

We see some agents advertise homes as "below market" here in San Clemente.  Whenever we see a listing like this we always wonder if it's truly priced below market, and if it is what is wrong with the property?  Some real estate agents will price a home very aggressively that is slighting below recent sales comps to generate a lot of interest.  This results in multiple people interested in the property which causes the price to get bid up.  For example, if the home is worth $1 million but the agent prices it at $850,000 to lure buyers into the property while hoping that several people will place bids on the home driving the price above the $1 million price point.  Sometimes this does work and sometimes this backfires causing the…

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…

Rancho San Clemente is one of my favorite area for showing clients who are looking for Ocean View homes.  When homes were first built in the mid 1980's this area was prime for hundreds of ocean view properties.  Once complete, the Rancho San Clemente area is a wonderful combination of single family home communities mixed in with condo and townhome style residences, many of them offering incredible views of the ocean as pictured below.  San Clemente is known for it's many rolling hills and Rancho San Clemente is one of the highest points in the area.  Home communities gradually go up the hill maximizing the views for all the homes.  Properties located at the top of the ridge have some of the best ocean views to be found in the San Clemente area.  Clear…

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…

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 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…