      |
|
Basic Information about San Clemente, California To skip reading this text below and instead go directly
San Clemente's wide beaches, surfing, 1,200-foot pier, and the Fisherman's Restaurant, featuring gourmet dining or sunset watching above the waves, is PART of why San Clemente is a great place to buy a home or invest in real estate.
San
Clemente Real Estate
Market Conditions Are
Improving!
(FOR BUYERS LIKE YOU)
So, if
You're Looking for Superb
San
Clemente Home Bargains
or Summer
Rentals
May 5, 2009
First Time Home Buyers VS. Experienced Buyers Home buying incentives are drawing first-time home buyers into the market in droves. Their numbers are up more than20%. As a result, homes in the entry and mid-level price ranges are selling much faster than those at the luxury level in most areas: MLS trends indicate higher demand for homes at or below $500,000. This movement is being strengthened by the increased popularity and availability of low down-payment FHA loans, insured by the government, and conventional loans, insured by the government-sponsored corporations Fannie Mae and Freddie Mac. Inventories of homes priced at or below $500,000 have fallen to or below the two-month-on-hand mark, a sure indicator of a seller’s market. Above the $900,000 level, some areas have as much as 16 months of inventory on hand. This is due in part to tighter lending in the jumbo loan sector — but those conditions, too, are beginning to change as banks commit to new jumbo loan programs. Nonetheless, each market is highly individual. Buyers and sellers should gear their expectations to what’s happening in their own marketplaces and personal price ranges. For Home Buyers Seeking a Home$900,000 and Below When you’re seeking a home in a fast-paced market where many properties are priced around $500,000, you’re bound to face strong competition from other buyers. One way to stay a step ahead is to apply for a loan and get pre-approved. The advantage of having pre-approval is knowing you’re shopping for a home in the right price range for you. It also shows sellers you’re serious, working with a lender, and prepared to close quickly and surely. If you’re a first-time buyer shopping in the conforming loan range — at or below the national median home price of$417,000 to a maximum of $729,750 — now is a terrific time to get pre-qualified. A good way to learn more is to visit Home Services Lending Southern California (www.hslca.com). Since lenders approve mortgage loans in stages, it’s important to get the first critical application stage started. This is where you lay down your cards: the income sources and work history that show your ability to repay the loan. The lender will pull your credit report and credit scores and issue you a pre-approval letter stating the amount you can spend on a mortgage. (The figure is also based on the interest rate you lock in, the amount of your down payment, and the terms of the loan you want.) Once you’ve signed a contract to purchase a home, your lender will send your paperwork to its underwriting department, where your scores, information on the home and other data will be vetted for final approval. When your loan is approved, you’ll be given a closing date for your home transaction. Even then, it’s not over until it’s over. Before your lender issues a check to the seller at closing, your credit reports will be checked one final time.
Single family homes throughout the
county sell for 41% less than their peak pricing (June '07) while
condos sell 46% below their peak in March 2006. Builder prices for new
homes are 42% below their February '05 top. She notes that those prices, coupled with record low interest rates, mean today's buyers can secure the same monthly payments home buyers enjoyed six years ago.
You may well want an FULLY experienced Realtor like me to help you find your dream, or investment, home here. You'll soon see the value of my 31 years of realty experience as I can recount to you data over the phone, via email or in person, about virtually every realty neighborhood in South Orange County.
So call me now at 949-463-4111 or email me at
To find out if
you qualify for either the Making Home Affordable Refinancing Program
or the Loan Modification Program please click on the appropriate link
below: Please find a list of useful resources below:
Find Out If You Qualify For the Making Home Affordable Refinance
Making Home Affordable Summary of Guidelines See Debbie Ferrari’s Foreclosure/REPO page at: http://www.debbieferrari.com/orangecountyforeclosures/index.htm
See Live San Clemente Pier & Beach VideoCam -
Click Here
San Clemente is the southernmost city in Orange
County, touching the San Diego County Line and bordered on the south
by Camp Pendleton Marine base. Real Estate here is moderately priced
compared to Laguna Beach, Monarch Beach, Newport Beach and other
beach cities further north along the coast. If you seek to buy real estate in a quiet town with even a real old fashioned downtown main street, (Avenida Del Mar), San Clemente real estate is for you. But don’t let San Clemente’s first appearances fool you. The town is much more than a downtown. Most are surprised to learn that the five mile long City of San Clemente has about 55,000 residents, and its median annual income is about $60,000.
San Clemente is about 60 miles from Los Angeles, 50 miles from San Diego, 30 miles from Irvine, 35 miles from Anaheim and 65 miles from Riverside. From Washington, D.C. the distance is 2398 miles, and from Sacramento, the State capitol, the distance is 400 miles. Many people buy San Clemente real estate because their home is then located approximately half way between Los Angeles and San Diego.
While the area near Highway 101, (known
also as Pacific Coast Highway or El Camino Real), is called a “Spanish
village by the sea” things look different inland. Eastward into the
hills, brand-new communities have sprouted with hundreds of new homes
built yearly. Growth abounds here, likely because the sun shines 342
days a year in San Clemente. Is this a place for YOU to buy real
estate. Well, whether you buy real estate here as a residence,
vacation or investment property, it’s hard to go wrong in our city by
the sea.
Ole Hanson's Vision "I vision a place where people can live together more pleasantly than any other place in America.... the whole picture is very clear before me.... I can see hundreds of white-walled homes bonneted with red tile, with trees, shrubs, hedges of hibiscus, palms and geraniums lining the drives, and a profusion of flowers framing the patios and gardens... I want plazas, playgrounds, schools, clubs, swimming pools, a golf course, a fishing pier and a beach enlivened by people getting a healthy joy out of their life... I do not want people repulsed and sent away by ugliness in other communities... I have a clean canvas and I am determined to paint a clean picture." To skip reading this text below and instead go directly
|
||||||||||
|
|
||||||||||
|
|
||||||||||
|
This site has won ALL the top Real Estate Awards--and dozens of others--for XLNT Content and Design _____________________________________________________________ Debbie Ferrari, e-PRO | "The Internet Broker"
Serving all of
South Orange County, CA
Prudential California Realty
Debbie's Prudential California Realty Office: 29982 Ivy Glenn Drive, Suite 100 | Laguna Niguel, CA 92677
(Inside The Laguna Niguel Design Center | Corner of Aliso Creek
and Alisa)
--------------------------------------
Debbie's personal home office; 2924 Camino Capistrano,
Suite D, San Clemente, CA 92672
Call Me Toll Free: 888-547-2942
Orange
County: 949-463-4111
Mobile/Cell: 949-463-4111
Main Fax (949) 625-8622 | Backup Fax:
949-487-6782
_____________________________________________________________
We
tolerate NO pirating or unauthorized copying of text, codes, graphics,
formats, design elements, etc. from this site and routinely take the
most severe legal action against offenders. For information, contact my attorney, Darren Smith, http://www.darrensmithlaw.com
at smithlaw@darrensmithlaw.com.
Send site-related questions to: Bill@Koelzer.com.By submitting any form on this site with your contact information including name, telephone number, address and/or e-mail address, you are consenting for Debbie Ferrari and her authorized representatives to contact you even if your name is on the Federal "Do Not Call List". (C) Debbie Ferrari, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009. |
||||||||||
|
