Real Estate Blog - costa mesa

Costa Mesa Real Estate as the U.S. Housing Recession Fades

Last Thursday, under the headline “The Housing Recession is Over…,” Costa Mesa real estate observers found a MarketWatch report laden with positive indicators. All of them were, however, less than earth-shaking in scale. The optimism-tinged phrases like ‘ticked up,’ ‘inched up,’ and ‘small positive increase’ were balanced by negative results that were equally minuscule—‘falling only slightly,’ was one of those.

Even so, it was hard not to applaud the overall message—a fairly convincing gathering of June month-end numbers that look as if real estate industry momentum is stirring. The springtime doldrums seem to be over—but only ‘just.'

Here are MW’s particulars:

• Pending home sales advanced a bit on a month-to-month basis—the first…

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Selling Your Costa Mesa House for Maximum Profit

Costa Mesa homeowners have ample reason to expect to attract bids that reflect the recent run-up in U.S. real estate prices, but that alone shouldn’t lull them into complacency as they prepare their property for entry into the Costa Mesa listings. That’s a real estate truism—even in a well-defined seller’s market. For area homeowners who see tens of thousands (or hundreds of thousands!) of dollars more in market value indicated by recent comparable sales, it’s tempting to then assume that little preparation will be needed to achieve similar results. Not true.

The value of thorough preparation to show off any property continues to make a substantial difference at the signing table. Since the word “thorough” may be too vague to be of much value, here…

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Disneyland’s Haunted Mansion Gets Listed (Sort Of)

For Costa Mesa parents who have yet to experience the wonders of Disneyland or Disney World, despite the expense and the line waits, there’s a good chance you will come to agree with the majority takeaway: the memories are worth it. Even so, the corporate powers-that-be at the Walt Disney Co. have never relied on word of mouth to keep the crowds coming—and now they have come up with an amusing promotion that includes a real estate twist.

As World Real Estate News wrote last week, this attention-getting gambit sounds like it came “from the leave-no-stone-unturned school of marketing.” Disney decided the moment had arrived to add their landmark Haunted Mansion to real estate site Zillow’s national listings. For veterans of the eternally popular ride,…

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Indoor Humidity Can Affect Costa Mesa Home Safety

If you have ever tuned into “Today’s Homeowner,” you’ll be familiar with Danny Lipford, the friendly, drawling host of one of TV’s longest-running home improvement shows. Lipford is a contractor who demonstrates practical tips on how Costa Mesa do-it-yourselfers might remodel outdated or rundown areas in their homes with little more than ambition, energy, and a few bucks. He makes it look fun and easy, which is undoubtedly why the program has been syndicated for a quarter of a century.

The show has a website, too, which last week published a valuable safety tip: “20 Ways to Reduce the Effects of Indoor Air Pollution in Your Home.” It covered the topic from top to bottom: everything from what it is and what its health effects can be to what to…

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How Does Last Week’s News Affect Costa Mesa Mortgage Rates?

For those who’d been monitoring Costa Mesa mortgage rates ahead of last week’s Federal Reserve interest rate cut, the news that followed was confusing. The Fed’s decision to lower their overnight lending rate for the first time since the Great Recession commanded first page headlines—but the details that followed provided little clarity.

For homeowners pondering selling or mortgagees thinking of refinancing or applying for a line of credit, the question was whether now was the optimal time to take advantage of the bargain interest rate environment…or…?

First were reports on the fallout from Wednesday’s ¼ point drop in the Fed’s benchmark overnight borrowing rate. Wall Streeters didn’t seem to like it—not because it wasn’t good for borrowers of…

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Top Ways to Help Sell Your Costa Mesa Home this Summer!

It’s summertime and the livin’s easy...or maybe not, if this will be the summer when you’re trying
to sell your Costa Mesa home! It’s a fact that summer buyers tend to be well-motivated buyers. Or they
may be jamming activity between vacations, backyard BBQ’s and (especially recently) just trying to stay
cool. In other words, they also may be distracted buyers.
Luckily, there are reliable basics you as a homeowner can help best position your home for a
successful summertime sale:
1. Mow the Lawn Twice a Week – everything grows faster in the summer!
2. Create Summer Curb Appeal – colorful flowers in beds and planters.
3. Decorate with Summer Accents – bright accents in tropical colors to evoke coveted
vacation days.
4. Bring the Light Inside – It may be bright…

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Open House Events This Weekend!

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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What Costa Mesa Real Estate Home Loan Term is Misunderstood?

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…

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Is It Time to Sell Your Costa Mesa Home?

Whenever the U.S. economy is booming, there are naysayers who view it as terrible news. It’s not surprising since economists can disagree about just about anything and point to statistics that prove their point.

A recent CNBC report provides a golden example. It’s one that, if you’re inclined to think it’s time to sell your Costa Mesa house anyway, would reinforce that thought. It ran under the gloomy headline “Housing is providing another in a line of troubling signs”—the signs were those “pointing to an economic downturn.”

The report elaborated on a finding that compared home sales statistics from a recent period with those that preceded coming recessions. To the analyst author (Fed economist William Emmons), the result indicated that an…

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THE L3’S OPEN HOUSE’S THIS WEEKEND ON 5/26 & 5/27 !

L3 REAL ESTATE FEATURED OPEN HOUSE’S

2737 Cardinal, Costa Mesa
Sun 1-4 PM

2064 Phalarope, Costa Mesa
Sat & Sun 1-4 PM

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 alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a…

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