If you own (or intend to own) your own Costa Mesa house, some portion of your brain is probably attuned to late-breaking housing news. This may ring true for you—particularly if you have ever found yourself suddenly paying attention after hearing a newscaster utter the words “crisis,” “surge,” “slump,” or “rebound” combined with “housing” or “single-family.” If you found yourself hitting the remote’s rewind button to go back and see what the story was, you’re one of Costa Mesa’s homeowners who shares this subconscious alert system.

Costa Mesa real estate professionals have a more active line into real estate scuttlebutt. One of our monitored sources is the NAHB—the National Association of Home Builders. In recent years, the news out of their…

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We are built on a philosophy of Heritage & Hustle. The 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 is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only…

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Flipping Homes 

The fix-and-sell investment strategy is as popular as ever thanks to exposure on cable television—both as TV series and late-night advertorials. Costa Mesa fixer-upper properties offer first-timers a straightforward way to test the real estate investment waters. The simplicity of the strategy is appealing—but as presented in 30-minute chunks, a bit over-simplified.

Last week, Forbes magazine posted a relevant commentary aimed at informing new real estate investors of some basic stages common to just about every Costa Mesa fixer-upper project. It amounts to a 5-part master checklist for fixer-upper project management:

 

  1.       Inspecting. Spotting and detailing problems is the first order of business. Forbes gives a rundown of the major…

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The L3 Real Estate Open Houses

We are built on a philosophy of Heritage & Hustle. The 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 is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only…

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You don’t have to convince local homeowners about the wisdom of owning your own Costa Mesa house—but for a while a couple of years ago, that wasn’t universally agreed upon. There was a while there where financial analysts were pointing to the costs of maintenance, interest on mortgage payments, relatively low rental rates, and a bundle of other factors in an argument against owning your own house.

Those voices have been hard to find of late—the numbers make that case pretty hard to support. More common are the analyses like the one CNBC’s The Oracles published last week. The Oracles are “a mastermind group of the world’s leading entrepreneurs.” They assembled a list of 9 reasons that support their contention that owning your own house is a…

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Last week ended with some good news that can affect many Costa Mesa real estate transactions—specifically some with bottom lines equal to $400,000 or less. It came in the form of a rule change from Washington’s rule-makers, and whether or not it applies to your own property, it may signal a shift in regulatory outlook.

 Many Costa Mesa real estate transactions are subject to Federal regulations—rules devised to ensure the soundness of the financial institutions that provide home loans. Theoretically, everyone who buys or sells Costa Mesa real estate should benefit from legal regulations that restrain lenders from granting loans too easily. When that takes place, widespread “easy money” usually results in the kind of abrupt return to reality we saw…

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The L3 Real Estate Open Houses

We are built on a philosophy of Heritage & Hustle. The 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 is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only…

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For astronomers and TV weather forecasters, this Monday marked a red-letter day. It now seems as if the same could be said for Costa Mesa’s market prospects.

In the wee hours, the Sun arrived at one of the two places in every year where its path across the sky crosses the celestial equator (the imaginary line above Earth’s equator). Of course, for Costa Mesa residents, the reality is that it’s pretty much a non-event. Weather-wise, the equinox is an abstraction. The change of seasons creeps slowly, day-by-day, Monday being no exception.

Still, at Tuesday’s dawn, the last day of Costa Mesa’s summer has passed. Whether you call it ‘autumn,’ ‘fall,’ ‘Indian Summer,’ or anything else, the new season is upon us.

And in Costa Mesa real estate…

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