A “Pre-Approved Buyer” Has the Advantage! The Pre-Approval process is one of the most important but often neglected parts of the home buying process. A pre-approval should always be obtained before a buyer even begins to shop for a home, no matter how well-qualified he or she thinks they are. Today’s mortgage qualification guidelines are [...]
August 2011 Laguna Beach Real Estate Market Update
Bad Record – The lowest closed sales (20) in August for the last 6 years Good Record – The highest amount of ‘in escrow’ properties (77) for the last 6 years 40 properties went into escrow this month alone – a year high 20 properties have closed (11 were below $1m, 4 were between $1m [...]
Mortgage Update: How Rate-Locks Work
HOW RATE-LOCKS WORK The volatility and improvement in the financial markets this week makes me want to talk about Rate Locks today. The Basics: First of all, understand that mortgage rates change every day and throughout the day. Lenders allow us to lock in our borrowers interest rates in order to protect them from potential [...]
July 2011 Laguna Beach Real Estate Market Update
July was a Dynamic Real Estate Month in Laguna Beach Summary: Closed Sales were up Properties going into escrow were down More sales (8) over $2m, but still anemic with 55% of 343 homes for sale over $2m 30% of active properties had price drops Details: As of July 26, 30 properties have closed, which [...]
July 26, 2011 Laguna Beach Real Estate Market Update
As of July 26, 23 properties have closed (11 were below $1m, 6 were between $1m to $2m, 6 were over $2m 2 closed sales were foreclosures, and 4 were short sales 15 homes went into escrow thus far 5 was less than $1m 5 was between $1m and $2m, and 5 are above $2m [...]
Laguna Beach Real Estate from the Rooftop Lounge on The Hotel La Casa del Camino
The Roof Top bar and restaurant is the only place in Laguna that you can get a 360 degree view of Laguna Beach Real Estate along the coastline and hillsides. While I recommend you to visit the Roof Top, and see the view, as well as, the great bartenders and beautiful cliental, I’ll show you [...]
A 360 Degree View of Laguna Beach from the Rooftop Lounge on The Hotel La Casa del Camino
You’ve never seen Laguna Beach like this before. Check out this 3 minute video from The Rooftop Bar, which is on top of the Casa del Camino Hotel in Laguna Village. You’ll get a 360 degree view of Laguna showing where the different communities. This was done with a local videographer Cory Sparkuhl, who did [...]
Shopping for the Best Mortgage Rates
With all the changes since the mortgage crisis began about three years ago, how does a home buyer or homeowner shop for the best interest rates in today’s new world? My answer is that it’s nearly impossible for anyone to shop accurately. Let me explain. Where Does Mortgage Money Come From? First of all, let’s [...]
