Newport Beach Short Sales

Newport Beach residents have always known Balboa Island to be a great place to live.  The main & little island of Newport Beach is dominated by single family homes and commercial buildings.  The community dates back to the early 1900's as one of the first communities built here in Newport Beach with many of the homes in the Cape Cod, Mediterranean and Spanish architectural styles.  If you are looking for a lower maintenance condo then you will be surprised to learn that you can find waterfront Newport Bay view condos in the surrounding area of Balboa Island.  The community of Bayside Cove is a great example of condos that are just across the bridge from Balboa Island and offer great waterfront and Balboa Island views.  If you are new to California then

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If you are in the market to buy a one or two story home in Newport Beach and have been wondering about the many communities in Newport Beach we highly recommend use introduce yourself to the Port Street Neighborhood.  Port Streets, or often called "Harbor View" homes, is a great place to find families who are raising their children in Newport Beach.  This "family oriented" neighborhood is located in the heart of the East bluff area of Newport Beach and features many large two story homes located just minutes to shopping and the beach!  Home prices currently start at just over $1 million dollars up to $3.5 million.  If you are looking for a deal then we recommend the occasional short sale and bankruptcy/foreclosure properties that due come on the market in

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Living in Newport Beach is known to be the most expensive real estate in the country.  If you do decide to make Newport Beach home then living by the water is probably a natural desire.  If you are in the market for a waterfront home but can't budget the multi-million dollar waterfront home prices then finding a home close to the water is your best bet.  One of the best locations to find single family homes near the Newport Bay and the Pacific Ocean is the Cliffhaven Newport Beach community.  Located just north of Pacific Coast Highway, Cliffhaven offers buyers some of the best values in Newport Beach.  The famous "Kings Road" is also nearby offering the very best views to be found in Newport Beach!  Currently, you will find three homes for sale priced…

Buying Investment properties that have good cash return is the ultimate goal for a savvy real estate investor.  Newport Beach has many opportunities for investors looking for a good cash return as many homes rent well above $6,000 a month.  This may seem like a very high number for investors who are not familiar with the Southern California market but for Newport Beach this is an average number for a four to five bedroom home in a nice location.  If you are in the market to buy a home as an investment property it makes sense to work with an agent who understands the income property real estate market.  If you are looking for a single family home then you may be interested in a Newport Heights home that just came on the market that is currently tenant…

Vista Del Lido Bayfront Condos In Newport Beach, CA, offer some of the best bay front views in all of Newport Beach.  Located directly across from Lido Island is an eight story building that is home to many bayfront condos.  You are greeted by a relaxing greeting room as you enter with a relaxing pool & spa area with room to relax and entertain with your friends.  Upstairs, the condos are spacious with well thought out floorplans that maximize the water views.  All utilities are included with home ownership in Vista Del Lido including cable (expect for phone).  The location is ideal with the blue water grill located across the street and many restaurants and shops in the old towne Lido area.  Prices currently range from $699,000 to $1,545,876 for bayfront

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Real Estate auctions have become a tried and true method for selling a home in today's real estate market.  Many home buyers realize that no longer are bank owned and foreclosure sales the only "good deals" in today's marketplace.  As short sales have taken the forefront for distressed property sales, real estate auctions have become the best kept secret for buying a home at well below market value.  How does it work?  Well, for starters there are several auction websites that advertise properties all throughout the country.  Some of the more popular auction houses for luxury homes will be auction.com and concierge auctions.  Another resource for real estate auctions would be the Williams & Williams real estate auction who is currently advertising the sale…

Finding foreclosures in today's Newport Beach Real Estate market is harder than you think.  With the latest trend of home owners selling their homes as short sales instead of letting their home going into foreclosure has significantly dried up the foreclosure market.  That doesn't mean that you will no longer see foreclosure and bank owned properties on the market anymore.  What it does mean is that these foreclosed listings will come on the market at a slower pace and typically sell in rather quick amount of time due to it's scarcity if priced correctly.  If you are looking to invest in a Newport Beach condo under $350,000 then you should consider this new foreclosure listing that just came on the market for $314,000.  The condo is located in the…

Short Sales are a reality for the Newport Beach Real Estate marketplace as many distressed homeowners elect to short sale their home in lieu of letting their home going into foreclosure.  A short sale is when a seller elects to put their home on the market even though they owe more than the home is worth.  Why would a seller do this?  Well, in a short sale, the seller will be asking the bank to release the debt on difference of what is owed to the bank and the offering price of a buyer.  Sound difficult?  It's actually a simple process that takes time is you are a real estate buyer.   Having patience on waiting for the banks decision on whether or not they will approve the short sale can be difficult for a lot of home buyers.  Also, when you are competing…

One of the best ways to buy homes in Newport Beach is by purchasing a short sale.  A short sale listing is where the home owner is upside down with their mortgage holder and is typically behind in their monthly mortgage payment.  This kind of distressed sale has become more of a commonplace as Newport Beach homeowners realize that doing a short pay with the bank is the best way to relieve their toxic debt.  When the home goes on the market as a short sale the seller is asking the bank for forgiveness on the difference between what is owed and what a buyer is willing to offer on the home.  These distressed opportunities are very attractive to savvy real estate buyers as most short sale listings are typically under current market value.  If you are home…

If you have every dreamed about owning a home by the beach and love the Newport Beach area then you will be happy to learn about a newly listed bank owned home that just came on the market for $154,900.  Located in the Newport Shores area of Newport Beach which is on the boarder of Newport & Huntington Beach and a popular area for beach goers and tourists.  The property being sold is under lease land and the lease cannot be renewed so It's important to consult with your local real estate agent who can advise you on exactly what this means when you buy a home.  Lease land is a common thing throughout Newport Beach and can be found in places like "Lido Peninsula" where most of the homes are also on lease land.  The lease is typically in addition to any

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