Costa Mesa's Neighborhood Blog

A blog about Newport and Costa Mesa with an emphasis on Costa Mesa Real Estate and Newport Beach Real Estate, written by a lifetime local resident of coastal Orange County whose knowledge of the area, combined with a strong background in mortgages, real estate and being an attorney, gives her clients many advantages.

What Happens if We Get a Low Ball Offer on Our Costa Mesa Home?

What Happens if We Get a Low Ball Offer

on Our Costa Mesa Home?

 

So, you're thinking about selling your Costa Mesa home, and you've heard that some of your neighbors have gotten really low ball offers, and now your concerned about what you'll do if it happens to you.

When I list a Costa Mesa home, I discuss what might happen when we receive an offer, and I always suggest that my Costa Mesa sellers consider every offer they receive no matter how low it is. This isn't personal. The buyers are looking to get the best deal they can, and you're looking to get as much money for your house as you can.

So, if you get a low ball offer, what should you do?

I suggest you make a counter offer no matter how low the offer might feel, you never know how high the buyers are really willing to go.

I will always counsel you not to say this is it; we won't go any lower, tell the other agent this is our final offer no matter what! This sets up a negative attitude, and may cause the buyer to feel more combative. Instead, make your counter offer, and wait to hear back from the buyers.

What if it's really low ball? Should you tear it up, stomp on it, ignore it? I would strongly advise against it!

Are you thinking this couldn't possibly work?

Recently I helped a client in which the original counter was $100,000 below the listing price. If the seller had chosen to ignore the offer, they would not have gotten their home sold. Instead, after numerous counter offers, we finally found a price acceptable to all parties, and closed the deal.

So, even if you get a low ball offer on your Costa Mesa home, respond to it. You may be surprised.

Selling or buying a home in Costa Mesa, please contact Christine Donovan at 714-319-9751.  

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

17 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • May 08 2012 10:16PM

If I Had a Crystal Ball, I'd Be Sipping Mai Tais

If I Had a Crystal Ball, I'd Be Sipping Mai Tais

 

Many clients have asked me if the market has hit the bottom, when it will rebound, whether their home will have increased X% in Y years from now.

My response to all of them is simple, if I had a crystal ball, I'd be sipping mai tais on my own private island.  Since that obviously isn't the case, the best that I can do is show them the current market and what has happened in the past.

 

Magic Mirror

I then explain that we really need to explore the reasons why they are buying or selling to determine if this is the best time for them rather than trying to guess what the future will bring.

I wish I had a crystal ball or even a magic mirror.  Since I don't, I'll have to stick to just the facts ma'am.

 

Originally Posted at: If I Had a Crystal Ball

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

10 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • April 29 2012 09:55AM

Orange County Real Estate Sales by the Numbers

Orange County Real Estate Sales by the Numbers

 

Orange Cpunty Real Estate Market

 

When you look at the above numbers, at a first glance the numbers look at little bleak.  Comparing October 2010 numbers to October 2011 sales shows that 1/3 as many homes sold in October 2011 with a median price drop of 7%.  However, if you look at the entire year, it appears that the number of sales are only down approximately 24% with median values down less than 4%. 

Which numbers paint a more accurate picture?  Time will tell.  One thing to remember is that real estate is local, and even looking at the Orange County market as a whole is not representative.  Some pockets are increasing while others are seeing significant drops.

Curious about what's happening in your neighborhood?  Please contact Christine Donovan at 714-319-9751.

*Number per CoreLogic, Inc.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • December 04 2011 06:48PM

Newport Beach Real Estate News - Villa Balboa Homes 8-27-11

Newport Beach Real Estate News - Villa Balboa Real Estate

 

Villa Balboa is a gated community in Newport Heights which is located mere blocks from the ocean off of Superior Avenue.

The homes are accessed via interior hallways, similar to those of a nice hotel. Each building has subterranean garages whic are shared parking. The association has several amenities including a clubhouse, a state-of-the-art gym, two pools, two jacuzzis and tennis courts, all located on the park-like grounds.

Many of the homes in Villa Balboa feature lovely ocean and Catalina views and many of them have been remodeled and highly upgraded and feature large balconies from which to enjoy the lovely Newport Beach weather.

If you are looking for a lovely condo which is close to both the beach and shopping, you may have found the perfect place to call home.

The Villa Balboa Homes Report is below:

 

Villa Balboa Homes

 

Villa Balboa Homes Newport Beach

Villa Balboa is experiencing a sellers' market with just 4 months inventory on the market.

If you would like information about selling or buying a home in Villa Balboa, please give me a call at 714-319-9751.

To see homes for sale in Villa Balboa, please click Villa Balboa condos for sale

Market reports for other local areas:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Homes

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Versailles Real Estate News

Newport Shores Real Estate News

Newport Terrace Homes

Corona Del Mar Homes

Villa Balboa Real Estate News

 

Dover Shores Real Estate News

 

Newport Crest Real Estate News

 

Glen Mar Real Estate News

Originally published at Villa Balboa Real Estate News.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • August 28 2011 06:39PM

Is it the Right Time to Buy an Orange County Home?

 

 

 

Is it the Right Time to Buy an Orange County Home?

 

There are lots of discussions about whether or not the housing market is at the bottom, whether a buyer should wait longer to take advantage of lower prices or buy now rather than potentially miss out.

 

Knowing that this is an ongoing conversation for many buyers, I wanted to provide some basic information to help Orange County home buyers make their decision.

  • I wish I bought in 2000!!

For those of you who spent 2003-2006 saying you wished you bought in 2000 and took advantage of the market, here's something to consider:

 

According to NAR,* housing affordability is at its greatest point since records have been kept

The index has been kept since 1971 and considers several factors including the cost of homes, interest rates and median income. Given all of the factors, home purchases are currently the most affordable they have been in at least 40 years.

NAR housing affordability index

Still not convinced you should buy? Perhaps you are considering that California is different than every where else?

California 1st Time Buyer Affordability Index is 53% as of Q1 2011

(percentage of households that can afford an entry level home)

In the third quarter of 2007, the Affordability Index for California first time home buyers was only 24%.

The Federal Reserve said on 6/22/11 that they expect the housing recovery to pick up around the end of the year and plan to keep mortgage rates low for now.

More Americans are choosing to rent than to buy, leading to an increase in rental prices.

Generally when rental values increase, so do housing prices. But, if you own a home with a fixed rate mortgage, the majority of your housing expense are fixed.

Ex.          Mortgage (Principal & interest - fixed)         Rent (5% yearly increase)

Year 1          $1100                                                     $1000

Year 10        $1100                                                     $1628

Year 20        $1100                                                     $2526

Year 30        $0                                                          $4321

If inflation and prices go up more than 5%, the result will be more dramatic.

So should you buy an Orange County house today?

It depends on what is important to you and what your goals and plans are.

Who should buy an Orange County house today?

  • Investors who want to grow a real estate portfolio
    • With Orange County house prices and interest rates down and rental rates going up, it would seem to make a lot of sense.
  • Renters who are tired of paying rent and watching rent go up each year.
    • If there's going to be an increase in value through equity or rental value on an Orange County house, wouldn't you rather it went to you?
  • Current homeowners who want to take advantage of the combination of low prices and interest rates.

So, if you wish you bought in 2000, why wouldn't you take advantage of the fact thatan Orange County house is more affordable today than it was back then?

Do you want to be saying 10 years from now, "I wish I bought an Orange County house back in 2011? If I'd only realized what a great deal an Orange County house was back then, I would have bought as many as I could?"

If you would like more information about buying or selling an Orange County house, please give me a call at 714-319-9751.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

4 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • July 03 2011 11:29PM

Villa Balboa Homes - Newport Beach

Newport Beach Real Estate News - Villa Balboa Real Estate

 

Villa Balboa is a gated community in Newport Heights which is located mere blocks from the ocean off of Superior Avenue. 

The homes are accessed via interior hallways, similar to those of a nice hotel.  Each building has subterranean garages whic are shared parking.  The association has several amenities including a clubhouse, a state-of-the-art gym, two pools, two jacuzzis and tennis courts, all located on the park-like grounds.

Many of the homes in Villa Balboa feature lovely ocean and Catalina views and many of them have been remodeled and highly upgraded and feature large balconies from which to enjoy the lovely Newport Beach weather.

If you are looking for a lovely condo which is close to both the beach and shopping, you may have found the perfect place to call home.

The Villa Balboa Homes Report is below:

  

Villa Balboa Homes Newport Beach

 

Newport Beach Villa Balboa Homes

 

The pace of homes selling in Villa Balboa has increased in the past few months and currently appears to be a seller's market per the numbers.

If you would like information about selling or buying a home in Villa Balboa, please give me a call at 714-319-9751.

To see homes for sale in Villa Balboa, please click Villa Balboa condos for sale

Market reports for other local areas:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Real Estate News

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Villa Balboa Real Estate News

Versailles Real Estate News

Dover Shores Real Estate News

Newport Crest Homes

Newport Shores Real Estate News

Newport Terrace Homes.

Corona Del Mar Homes

Glen Mar Real Estate News

Originally published at Villa Balboa Real Estate News.

.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • May 22 2011 07:36PM

Chase Offers Distressed Homeowners Assistance at 5 Day Event in Costa Mesa

From July 16 through July 20, Southern California Chase Homeownership Centers are having a Homeowner Assistance Event.

During this event, Chase will have people available to receive documentation for loan modifications and short sales.  They will also discuss status of loan modification requests.  They will also answer questions about the process for those who want to apply for assistance and those who have already applied.


They also offer "on-site execution of final modification agreements."

This event runs from 8am to 8pm from Friday, July 16, 2010 to Tuesday, July 20, 2010 at the Hilton in Costa Mesa at 3050 Bristol Street.

For more information go to Chase Costa Mesa Modification Event.

 

Originally posted at Chase Costa Mesa Loan Modification Event.

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

4 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • July 16 2010 02:24AM

Costa Mesa Real Estate News - South Coast Metro Costa Mesa Market Report

Costa Mesa Real Estate News - South Coast Metro Costa Mesa Market Report

South Coast Metro is an area that encompasses both Costa Mesa and Santa Ana. However, the South Coast Metro area in Costa Mesa usually refers to the area east of Bear Street and north of the 405 (San Diego Freeway). It is at the junction of Orange County's 55 and 405 freeways. It is the area of Costa Mesa closest to South Coast Plaza. In this unique neighborhood, premier office space and world class shopping vie with first class dining and performing arts venues to form a cosmopolitan blend of culture and business.


The Real Estate Market Report for South Coast Metro is below:

costa mesa homes,costa mesa real estate,South Coast Metro Costa Mesa Homes,South Coast Metro Costa Mesa Real Estate

orange county real estate,orange county home value


Based upon general definitions, it appears that the South Coast Metro Costa Mesa homesshould be in a Sellers' Market though it still appears to be a Buyers' market. Given all that is going on in the credit market and the banking industry, we are in an unusual time and will have to see what happens over the next few months as things hopefully begin to stabilize.


Real Estate Market reports for additional areas of Costa Mesa and nearby cities:


Mesa Verde Costa Mesa Real Estate News

Westside Costa Mesa Real Estate Report

Eastside Costa Mesa Real Estate Report

Costa Mesa Real Estate Report

Central Costa Mesa Real Estate Report

Newport Beach Real Estate News

Fountain Valley Real Estate News

Huntington Beach Real Estate Report

For more information about South Coast Metro Costa Mesa homes, please visit Costa Mesa real estate.
For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values


Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


***************************************************************************

About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • January 31 2010 08:42PM

Real Estate Vocabulary in Today's World

Today there are more and more terms to confuse you as you look to buy or sell your home.

REO, Short Sale, Bank Owned, Foreclosure, Tax Credit.  Do you know what it all means and how it affects you?

Worried Orange County Homeowner

You've decided to buy or sell your home.  Is your head spinning with all the ideas, words and concepts?

Here's a quick course in some of today's most common Real Estate Vocabulary.

REO/Bank-owned/Real Estate Owned/Bank-owned Foreclosure - These are all terms that means the bank/lender took the home back from the previous home owner.  It is the bank who will selling the home. 

Short Sale - This is a term that means the current owner owes more than the home is worth, and the owner is asking the bank to accept less than it is owed when the home is sold.  See also

Foreclosure - This is the process that occurs when the bank/lender takes a home back from an owner/borrower who failed to pay their mortgage.

Tax Credit - Under the terms of the new stimulus package, first time buyers are entitled to an $8,000 tax credit.  For more information see $8,000 First Time Buyer Tax Credit.

Loan Modification - This occurs when the lender agrees to change the terms of the current loan either by lowering the interest rate, the payment or the principal amount owed.  For more information on loan modification, see Is Your Home Fading Away?-Foreclosure Alternatives.

 

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

For more information about Costa Mesa, please visit Costa Mesa real estate. For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.

Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Real Estate Vocabulary in Today's World. 

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

0 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • March 07 2009 11:31PM

How Do We Solve the Housing Crisis? A View from the Trenches.

The economy, the housing market, the credit crisis, bank problems, they all seem intrinsically connected to the condition of the housing market.

I don't think many people out there would try to convince you that the current housing market is totally healthy (though many places are better than others and many areas have had large increases in sales - but that's fodder for another post).

That said, what if the government actually incentivized the consumer to go out and eagerly buy homes?  What would that do to the economy, the housing market and all the rest?

How do they do that?  Create greater demand with a limited supply - basic economics!

Orange County HousesOrange County HousesOrange County Houses

For instance, what would happen if the Federal Government suddenly announced that instead of throwing more money at the large corporations, it would subsidize the next 100,000 people (or whatever the economic experts say would be sufficient) who bought homes and give them a 30 year fixed loan at 1.0%. 

This would significantly cut their payment, even when compared to today's low rates, and would free up that extra money to be spent on other things, which I'm told would stimulate the economy.

Think about it.  Would people who have been sitting on the fences trying to decide, decide that now might the time before the limited number of subsidized loans was gone?

What if there was then a second round at say 3.0% for those who didn't react quickly enough?

Would that drive still more people who have not been certain if now is the time because they missed out on the first round?

What do you think would this make any difference?  Would it make you go out and buy a home? What are your thoughts?

 

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.

Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about my system which will make your buying and selling experience easier.

Click Orange County homes for sale to view all OC homes for sale.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied.

Copyright © 2009 by Christine Donovan, All Rights Reserved. If I Sell My Home as a Short Sale, Will I Ever be Able to Buy a Home Again?

 

 

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Federal Government Disclaimer (MARS) 

  1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  
  2. Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and 
  3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Click Orange County homes for sale to view all OC homes for sale.

3 comments • Christine Donovan Costa Mesa CA Homes Broker/Attorney 800-610-7253 DRE01267479 • January 31 2009 09:11PM