Long before well-prepared Costa Mesa homeowners arrive at the signing table, they will have been aware of the factors mortgage lenders pay attention to—foremost among which is their bill-paying history. For years, they will have avoided making late payments—or underpayments. They will have corrected erroneous negatives on their credit reports and straightened out any historical inaccuracies.
If they have read up on how home loans are originated, they will know that a second weighty factor is “amounts owed”—but that’s a term that can be easily misunderstood. It turns out to include more than the term implies.
You’d think that “amounts owed” would be a simple dollar amount. If John and Jenny Smith have credit card debt totaling $8,000 and a car
Of all the attention-grabbing terms to be found in Costa Mesa listings, the audacious “as-is” ranks right up there near the top of the deck. Intentional or not, it carries a pronounced dramatic aura. Contractors see Costa Mesa “as-is” listings as calls to action. House flippers’ pulse rates quicken when they come across it. For most typical prospective buyers, on the other hand, the same term triggers furrowed brows and a hasty move onto the next listing. “As-is” carries shades of meaning with legal implications, but in general, it simply signals to the world that the seller is not interested in improving the offered property. If something needs to be fixed, it’s up to the next owner to handle it. For that reason, Costa Mesa as-is listings are
The text that accompanies your listing as it appears in the Costa Mesa MLS listings is called upon to do more heavy lifting than you might think. If it reads something like: THREE BEDROOM ranch style Costa Mesa charmer with 2 ½ baths, attractive kitchen, and fully landscaped backyard… —then it will only be serving half-duty. A blurb like this does succeed in emphasizing basic nuts-and-bolts details, but every Costa Mesa listing already includes the number of bedrooms, bathrooms and the rest. What’s missing is the story part of the story—the human element that strikes a chord with a reader’s own personal experience. It’s the pathway to emotions that astute marketers strive to reach. Successfully employed, it adds power to any Costa Mesa listing. One
We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an
With home prices and interest rates on the rise, you’re likely to assume that the cost of that next Costa Mesa home you’re thinking about buying has made it a financial stretch—especially compared with “the good old days.” But news stories tend to omit the effect of rising incomes and actual inflation on the real cost of a home in today’s market—which turns out to be something of a bargain! A recent calculation may not hold true for everyone, of course—nor does it apply to the cost of every Costa Mesa home—but the details make sense when you think about them. The comparisons are from a study by Zillow Research on housing affordability across the U.S. Researchers were looking into how much havoc the rise in U.S. mortgage interest rates has wreaked on
The experts seem to have gotten it slightly wrong. Costa Mesa real estate observers always expect a surge in activity when the spring buying season gets underway—an annual phenomenon that’s frequently accompanied by an uptick in prices paid. Because of optimism about the national economy and the ongoing nationwide shortage of homes for sale, a continuation of last year’s gradual rise in residential prices had been what the experts expected. Last week, if CNBC’s Realty Check has it right, those predicted “gradual” price rises took an abrupt lurch upward. “Home prices just took the biggest jump in four years” was the headline, backed up by the new numbers: a surge in March’s U.S. median home prices of 8.9% compared with last year. Costa Mesa homeowners
“Circumlocution” —the hefty word for “beating around the bush”—describes what the national
real estate news feeds have been practicing for a while when it comes to the state of the marketplace. Until recently, most analysts seemed reluctant to call this spring’s U.S. lineup a “sellers market”—perhaps because the phrase might discourage would-be buyers. That began to change last month.
As the week came to a close, Costa Mesa homeowners who’ve been putting off their own decisions about whether to list their properties could find ample reasons for acting. Not only was that “sellers market” label showing up more often, but a host of supporting reasons had appeared in month-end reports:
Compared with the last quarter of 2017, the percentage of
Fantastic Mesa North Home in Quiet Cul-De-Sac! - $775,000
Parking Spaces: 2
Year Built: 1965
Garage Size: 2 Car
School District: Newport Mesa
Square Footage: 1242
Agent Name: Larry Weichman
Broker: The L3
MLS #: PW18069036
3012 Buchanan Way
Costa Mesa, CA 92627
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