Tagged : newport beach foreclosures

As the market continues to change in Newport Beach one thing is true that the deals are becoming harder to find as the bottom of the real estate market has passed us.  Local media outlets have reported that the Newport Beach Real Estate market is now on an upswing which is causing many home buyers who were on the fence to get out and start looking at properties.  Interest Mortgage rates are still low making this the perfect storm for locating a home.  Currently, the inventory of homes is at a very low point making it even more difficult to find the "good deals."  When looking for well priced homes we always recommend distressed properties.  In the last several years the common thread for most home buyers is finding the nicest home for the lowest price. 

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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…

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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Everyone likes to feel like they are getting a good deal when they are buying a property in today's real estate market.  You will be surprised to learn that there are currently 85 distressed properties on the market in Newport Beach, California that consist of 77 short sales and 8 bank owned foreclosure properties.  These real estate listings provide a unique opportunity for Newport Beach home buyers to buy at a potential below market value price.  With the total number of real estate listings totalling 673 homes for sale the percentage is roughly 8% of the homes in Newport Beach are distressed sales.  In the neighboring Laguna Beach we see 55 of the 395 homes on the market are distressed sales, which is right in line with Newport Beach.  Not all

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