| Despite the fact "big dog" newspapers
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| | price and saved over $700 per month on
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| such as the OCRegister and the L.A. Times
| |
| | the mortgage and another $125 per month
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| seem to be reporting real estate going
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| | on taxes after the reduction. see details
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| downhill fast, the actual numbers in a
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| | There are more deals out there for the
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| historic perspective say otherwise. As I
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| | buyer who seeks out the most motivated
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| see it from the numbers, the Orange
| |
| | sellers. Sellers, who have already
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| County real estate market is simply
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| | purchased another home, are moving out of
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| adjusting to a moderate market after 200%
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| | state, own there home "free and clear",
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| gains in the last 6 years. I have seen
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| | or are in financial distress. You can
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| these incredible gains have only been
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| | find a list of these properties at and
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| offset by about 5%-8% price decreases in
| |
| | see more details on the above mentioned
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| an 8 month time span and in my opinion
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| | purchase.
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| that is hardly prices "plummeting" as the
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| | Here is the breakdown for those
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| newspapers put it. I think everyone know
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| | contemplating purchasing real estate in
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| it's the newspapers job to sell papers
| |
| | Orange County. If you own a home and are
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| and dramatic headlines make for good
| |
| | moving to a larger home now is a great
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| sales.
| |
| | time to purchase a "move-up" property and
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| So, how about employment? The last time
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| | it makes absolute financial sense to do
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| real estate dropped significantly in
| |
| | so assuming you don't need a negative
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| value Orange County had double the
| |
| | amortization loan to afford your payment.
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| unemployment rate, much higher interest
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| | However if you can't afford a "move-up"
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| rates, and the aerospace industry moved
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| | property now then it is highly unlikely
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| along with many jobs. Is the decrease in
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| | you will be able to afford one when the
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| real estate activity going to slow the
| |
| | market shifts into an upswing. If you are
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| economy here in Orange County? Well, I
| |
| | a first time home buyer and again can
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| don't have a crystal ball but I do know
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| | afford to purchase an Orange County homes
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| the Kiplinger California Letter reports
| |
| | without over extending yourself in
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| on the impact of $43 billion in bonds.
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| | regards to financing then now is a great
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| According to the report, "A public works
| |
| | time to purchase as well. You will also
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| construction boom over the next 10 years,
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| | start taking advantage of tax benefits by
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| benefiting builders, designers and
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| | doing so and inevitably build equity.
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| construction materials firms. Not since
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| | A reason NOT to move in Orange County's
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| the 1960s has there been so much work
| |
| | real estate market. O.K., here is a
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| undertaken on the state's
| |
| | scenario where I would recommend holding
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| infrastructure." The article further
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| | on to the property if at all possible (
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| states an expected 140,000 new jobs over
| |
| | another 3-5 years). If you own an Orange
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| 10 years, in excess of those to be gone
| |
| | County home and are looking to stay in
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| in the current home-building downturn.
| |
| | Orange County but downsize to a smaller
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| These jobs will assist strengthen the
| |
| | less expensive home don't do it yet! It
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| employment for more population entering
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| | just makes financial sense to wait.
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| California as well as the trickle down
| |
| | So if you are looking to "move-up" or are
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| and trickle up economics associated with
| |
| | a first time home buyer seek out some of
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| that number jobs.
| |
| | those motivated sellers and best buys I
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| Is now a good time to buy? All I have to
| |
| | mentioned earlier in this article. Here
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| say is can you afford to purchase an
| |
| | are links where you can find a list of
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| investment which historically appreciates
| |
| | motivated sellers, price reduced homes,
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| over time and offers huge tax write-offs
| |
| | and best buys.
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| benefits. Across the street from my home
| |
| | This article can be freely published on a
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| in Serrano Heights I saw a home listed
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| | website as long as it is not modified in
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| for sale in April for what at the time
| |
| | any way including author bylines, plus
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| was "priced right." By October one
| |
| | the hyperlink must be made active just
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| persistent home buyer purchased it for
| |
| | like below.
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| $130,000 less than the original asking
| |
| |
|
