Tagged : newport beach short sales

There is no better place to live in Newport Beach than on the water.  The Newport Bay fronts some of the most expensive real estate in Newport Beach and the gated community of Linda Isle is no exception.  Located just west of Coast Hwy lies a quiet and peaceful gated community where every single home has wonderful bay front views.  For those who own a boat this community is ideal with large boat docks that can typically accommodate large boats and yachts.

Currently, home prices start at over $10 million dollars for a 7,200 plus square foot home that is situated on the water with 113 feet of bay frontage.  Many of the homes have been featured in Architectural Digest and other design magazines for their ideal waterfront location.  The community has a

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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 a quality Realtor can be tricky if you are not familiar with the area you would like to live.  Typically most quality agents come from referrals from friends who have good experience with a certain Realtor.  The fact is that most Realtors have left the profession since the economy has taken a downturn while leaving just a handful of agents who tend to do 90% of the business.  In addition, each quality Realtor has a specific niche that they are good at.  You will find waterfront & oceanfront specialists, community and short sale experts for example.  If you are looking for a Realtor who specializes in the $1 million dollar range homes then you are best bet is to work with an agent that has professional web exposure and understands the local…

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…

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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Short Sales are becoming the new way to find great deals in the Newport Beach Real Estate marketplace.  As more and more sellers decide to short pay their mortgage and walk away from their homes, Newport Beach home buyers have a unique opportunity to capture these under market value homes.  If you are familiar with real estate in Newport Beach then you will know the One Ford Road community.  Known for being one the most exclusive communities in Newport Beach, One Ford Road is home to several communities located inside this guard gated community.  Currently there are four homes listed for sale in One Ford Road with a great short sale listing at $1,410,000.  Short sales have a two step approval process; one approval and acceptance of the offer from the owner…

If you are in the market to find a bayfront home in Newport Beach and want to spend under $1,100,000 then you will happy to learn there is a bayfront condo for sale in the Lido Building #621 or otherwise known as "Lido Park Place."  If you are familiar with the Newport Beach area then you will know this is a great area with some of the most expensive real estate for sale.  Across the bridge is Lido Isle, home to some of the most expensive bayfront homes for sale in all of Newport Beach, California.  This bayfront condo listed for $1,100,000 is a short sale so It's important to realize what is involved when buying a short sale.  Short sales time time & patience but the end result is a great deal.  Most short sale listings in Newport Beach area priced just

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