The Ultimate Frustration for Buying That Costa Mesa Home
Few things are more frustrating than the plight of a would-be Costa Mesa home buyer who can easily afford to buy a listed Costa Mesa home—but not right this minute. The delay might be due to a temporary cash-flow crunch, a legacy windfall that will absolutely happen (but not until 26 months from now), or any one of a number of other common scenarios.
The frustrating part isn’t just the immediate disappointment of missing out on the delight of moving into a home that’s a perfect fit—but also realizing how the inability to buy that ideal property will wind up costing a serious amount of cash. The house will certainly be sold during the interim 26 months, so that particular opportunity will be lost for good. But equally galling is the impact on the family’s bottom line if you are stuck renting during the interim. Those rent dollars will be heading out the door with no equity having been built up in your name—not to mention all the tax dollars you haven’t been able to deduct every April 15.
That may seem to be the summit of frustrating circumstances—but there is an even more frustrating homebuying happenstance. It’s when there really had been a way to make the purchase—only you didn’t know about it. That is the ultimate!
Preventing such a lost opportunity could have been as simple as having contacted a knowledgeable real estate professional—one who would have been able to point out a special program or strategy that was available back when you needed it. In the above situation, a local lender might have been offering something like a Temporary Buydown program. Without going into all the qualifications and exceptions that might apply, a temporary buydown can be a seller-financed up-front interest payment that lowers the interest portion of a fixed-rate mortgage for a year (or two, or three)—after which the reduced payments revert to the full rate. That’s one example, but others are offered from time to time. The takeaway here is that most buyers “don’t know what they don’t know”—a defect that’s easily corrected.
The ins and outs of real estate buying and selling take years of experience to master—but tapping into that knowledge is just a phone call away. In other words: why not call?
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 has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
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