For those who’ve been waiting to list their Costa Mesa home until this year’s spring selling season, the waiting is over. Not only is spring busting out all over, but there is a claim that we are fast approaching the absolute best moment to list a home!
The desire to list your house at the best possible time is a logical enough ambition, but one that runs into a practical snag. The “best” time would be the moment when the most motivated buyers happen to be actively looking for a home like yours. But for any given property, there’s no practical way to identify whether it already passed before you listed or will happen after you’ve sold. Since springtime’s peak real estate season usually brings out the greatest number of buyers, that makes it
Happy to welcome Jake Farr to The L3 family! Jake is another great addition to our ever-growing team and has already hit the ground running. He had a prolific real estate career in the Midwest before relocating and decided to move to L3 from Coldwell Banker Newport Beach because he believes in what we are doing and saw the evolution we are experiencing within our walls. Excited to grow with you Jake! #TheL3 #WeAreL3
When it comes to industries, you’d have to place Costa Mesa real estate into the “stolid” category. The rules are set and agreed-upon. Everything having to do with real estate is entirely “real”—the opposite of “imaginary.” Certainly not frivolous, fleeting, or mercurial.
Major changes don’t come about often or quickly. It is true that one facet of the way real estate business is conducted has undergone a noticeable change due to the web. But that is actually only a shift in how clients find and qualify properties they might be interested in. They still overwhelmingly rely on real estate professionals to take responsibility for the consequential details of buying and selling.
A new technology suddenly presents the possibility
The past weeks have provided some news that could lift the outlook of Costa Mesa landlords and those who’ve been thinking about rental real estate as an investment. The reports surfaced from statistics compiled by the Census Bureau and by rentcafe.com—an internet company that tracks the current U.S. rental market. Both pieces of information shed light on the makeup of the renter population. It’s broadening in ways that can’t help but boost the prospects for the rental market as a whole.
The first encouraging information was last month’s finding that the percentage of high-income households opting to become renters increased 175% over the past decade. The number of households earning $150,000 or more who decided to become renters swelled by