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Irvine, CA Real Estate News

By Sabina Kelly, San Clemente Area Specialist
(Team OC Realty)
I'm very excited to announce that I've recently joined First Team Real Estate in Irvine, CA.   First Team Real Estate currently has 35 offices located throughout Southern California with almost 2000 professional sales associates.  First Team has been open for business since 1976 and has achieved #1 status. - 1976 Opens 1st office - 1980 Becomes #1 selling office out of 6,500 franchise offices in North America. - 1985 Becomes an independent firm and expanded to 6 offices. - 1990 Ranks #1 in Orange County with 10 offices and over $1 billion in sales. - 1999 For 10 consecutive years sold more homes in Orange County than any other firm and named the #1 independent real estate firm in Southern California. - 2003 With 26 offices and $5.4 billion in sales First Team is named the #1 independent...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
With some of the best residential neighborhoods and homes at South Orange County, Irvine is located next to Newport Beach, Laguna Beach, Newport Coast, and within a 10 minute drive of the Pacific Ocean at Crystal Cove.  Irvine is famous for its pleasant weather, lots of sunshine, excellent and award winning public schools, healthy business climate with good job opportunities, the University of California Irvine, encouragement for business and development, diverse backgrounds of residents, celebration of freedoms, places for worship, and one of the safest cities in the United States. As of today, April 15, 2009   ~  there are 743 homes listed for sale at Irvine ... with average list price of homes is $690,375  ... with average time on the market of 87 days.  Of the 743 Irvine homes now l...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division 9241 Irvine Boulevard, Suite 150, Irvine, California 92618 (714) 588 -7676 ∙  www.ReMaxAnn.com   If you are in a situation where: • You lost your job • Your Medical Expenses are too high • Just went through/going through a divorce • You are behind on your payments • You have no equity • You can't afford the cost of selling your home • Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE. Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit approx 3 years • BE ...
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By Vince Bindi, Vince B
(KVM Investments)
The following case study outlines a successful short sale the was conducted for a detached home located in the Parklane Tract of Irvine, CA.  This 4 bedroom home with 2,080 square feet of living area was sold and closed escrow in January of 2009, via a Short Sale by ShortSalesASAP.   This single family home was purchased by the homeowner in February of 2002′  for $405,000.  In 2005, the owner refinanced and also obtained a Equity Line of Credit loan (HELOC) with a total new loan balance of approximately $650,000.    The 1st Mortgage was held by Virtual Bank with an adjustable rate mortgage balance of $508,000. The HELOC loan was with WAMU, which was an interest only loan with a balance of about $142,000. Due to the dramatic decline in real estate prices in Southern California, this home...
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When evaluating an SEO, it's good to get a cursory understanding of what a qualified SEO has to know.  The SEO  process requires knowledge of technical on page SEO as well as off page link building with content rich publications. Keyword analysis is also critical in determining the value of target keywords.. These keywords are used in certain areas of websites. Head and body section are the two sections focused by on page. In the head section, Meta tags and title tags are edited to add keywords and the body section content is held with article. The site’s tag, file names and URLs are tweaked to the search engine spiders. The languages applied for modern web development are HTML 4.01, XHTML. It helps to have knowledge of these languages when optimizing websites. Keyword research and inco...
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
Are We Moving From a Buyers To Sellers Market? ~  Irvine, CA  ~ Market Report ~ March 2009   Irvine is one of the most beautiful and sought after residential communities in the OC and Southern California.    We saw and experienced increased Irvine buyer shopping activity during March 2009 as compared to last month, Feb. 2009, and with the past six months.     Lots of first time Irvine homebuyers expressed interest in some of the best home loan rates in years, their credit opportunities in the US Spending Bill 2009, and lowered asking prices from the peak of two years ago.        115 Irvine homes were sold with closed escrows in March 2009 v. 125 sold the same time during March 2008 (10 percent down year to year).   _______________________________________________ 197 homes were under con...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
I was pretty close! Instead of 14 closed sales as I predicted, there were 15 closed sales in Woodbridge in March. (Close, but no cigar.)The prices of these sold homes ranged from $215,000, (a 3 bedroom probate sale), to $1,045,000.71 Woodbridge homes are currently "for sale". These range in size from 715 square feet to 4,200 square feet.
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By Suzanne Horsburgh
(Buy America Real Estate Services)
Did you know you could use your VA to buy a home or receive help if you are having trouble making your mortgage payments? There are many benefits of a VA home loan Equal Opportunity Loan Limit $625,000.00 CA No Down payment, (unless required by the lender or the purchase price is more than reasonable value of the property. Negotiable interest rate Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% An assumable mortgage Right to repay without penalty   Lastly, existing VA loans are eligible for VA Assistance to veteran borrowers in default due to temporary financial difficulty.  
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By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
FHA financing has become the primary way to finance the purchase of a home when the buyer has less than 20% for down payment. Why is this? And who should get an FHA loan? There are numerous reasons, but below are some of the primary advantages that FHA financing has versus Conventional (Fannie/Freddie) financing. FHA only requires 3.5% down payment. In California, a "declining market" state, the minimum down payment is generally 10%, though a buyer using Conventional financing with 10% down better have a 740 FICO. The down payment can be "all gift" with FHA. With general Conventional guidelines, a buyer would need to have 20% down payment for the entire down payment to be a gift. No need for approval by an outside Mortgage Insurance company when financing with FHA. For anyone with less ...
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By Armen Abgaryan
(Realty One Group)
Hi, I'll be moving to Irvine after I get married in September 2009. I'm looking to work with a very experienced and intelligent broker in the Irvine area specializing in residential and commerical real estate. Preferrably with a brand name franchise. I'm currently a broker associate with an independent office in Glendale.
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
  IRVINE is considered to be the economic center of THE OC, CALIFORNIA  ~  with vibrant businesses and quality employment positions in medical, banking, finance, education, high tech, hotels and travel, service, real estate, business consulting, research and development. There are now 755 homes for sale at Irvine ... each with average of 79 days on the market. 179 of those homes now for sale are SHORT SALES NOT YET LENDER APPROVED (which is 23.7 percent of market and up from last month and one year ago) 24 of those homes now for sale are REO bank owned  (3.2 percent of market, which is down from last two months). 232 of the IRVINE homes are now under contract and in pending escrow (which is up from last month and one year ago). 98 of the IRVINE homes have been sold with escrows closing ...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
A quick recap - 4 homes have sold so far this month, (closed), and there are 66 Woodbridge homes for sale, (Active), right now.13 homes are in Backup Offer status, and a further 13 are "Pending". After last month's very disappointing Closed Sales numbers, (one home!), I have a feeling that we'll see a FEW of these 26 homes close in March.If I were a gambling lady, I'd bet that 10 of them will close, which will bring the number of Closed Sales in March to 14.Let's see how close, (or lucky), I am, when I report the final numbers at the end of the month.
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
35 Woodbridge homes are currently for sale, and there was only one "closed sale" in February. That condo sold for $375,000. If any more "closed sale" Woodbridge homes are added, (late), I'll let you know.Right now the prices of homes for sale in Woodbridge range from $299,900, (for a 3 bedroom bank-owned condo), to $1,219,900, (for a 4 bedroom, 3 bath, Single Family Residence).  The sizes of the homes for sale are from 917 Sq Ft to 2,794 Sq Ft. 32 homes are in "back-up offer" or "pending" status, and 20 of these homes have special conditions like "bank-owned", "short-sale", and others.
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
First-time homeowners - read about the new Homebuyer Tax Credit - The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser. Read more about this at www.WoodbridgeCondo.com Info from the Realtor on-line magazine.
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By The Secor Group Irvine REO Specialists, Irvine Bank Owned Homes & Short Sales
(Prudential -Irvine Homes Condos & Townhomes )
                        Another Home Irvine Buyer Caught Red Handed! YOU!                                    Did you just type into www.Google.com or www.Yahoo.com something like EL CAMINO REAL HOMES FOR SALE IN IRVINE?? How about EL CAMINO REAL CONDOS IN IRVINE, or IRVINE HOMES FOR SALE ?? Which one was it?  Well, if this sounds familiar, we already anticipated what you were searching for so we have made it easy to find these Irvine Properties for you WITH NO REGISTRATION REQUIRED!!!!!!!!!  Searching for Homes in Irvine with NO GUESTBOOK REGISTRATION helps you feel like we are  NOT trying to catch you red handed. JUST CLICK ON THE EASY IRVINE REAL ESTATE LINKS AND FEEL FREE TO VISIT OUR IRVINE REAL ESTATE BLOG again or our Irvine Real Estate website www.Real-Irvine-Homes.com El Camino ...
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By The Secor Group Irvine REO Specialists, Irvine Bank Owned Homes & Short Sales
(Prudential -Irvine Homes Condos & Townhomes )
                                  Find Walnut Homes for sale in Irvine California.  Let's keep this IRVINE REAL ESTATE Blog simple today. If you want to find a particluar neighborhood in Irvine, you can access the most popular areas here for finding Irvine Homes & MLS here. Or, if you just want to see whats currently for sale in Walnut, follow these Walnut Irvine Real Estate Links. Walnut Homes in Irvine Walnut Condos in Irvine
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By CRESTICO INC
(CRESTICO)
Buyers often have a difficult time determining how to arrive at a price to make an offer. Often, avoiding an offer at full asking price, can save the buyer money. Other times, full asking price is the only price at which a seller would be willing to let go of a property. Read further to learn about some of the things that affect the price at which a buyer is willing to make an offer. Condition. A property's condition certainly plays a factor in determining the price a buyer wants to offer. A smart buyer will have a good idea of how the condition of the desired property compares to the general neighborhood; namely whether it fits in or stands out. Condition takes many things into account. For example, structural condition is probably the most important to consider. Walls, ceilings, floor...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
The total number of Woodbridge "closed sales" so far this month is.... zero.There are 16 Woodbridge homes in "backup offer" status, and there are 9 "pending". Now as 15 of these 25 homes have special conditions like "short sale", "in foreclosure", (and others), it's unlikely that they will close in 30 - 45 days, like we see in normal markets. Last month, 10 homes sold and hopefully we'll at least match that number in the next 10 days before month-end.How many Woodbridge condos and SFR homes are currently for sale, you ask? Well, there are 49, (37 condos & 12 SFR). At the beginning of the month, there were 57 Woodbridge properties for sale on the MLS.So if 10 homes sell again this month, and we assume 10 will sell each month for a while, there is a 5 month inventory of Woodbridge homes f...
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By The Secor Group Irvine REO Specialists, Irvine Bank Owned Homes & Short Sales
(Prudential -Irvine Homes Condos & Townhomes )
We have finished our Irvine Real Estate page for searching the best Irvine Neighborhoods with NO REGISTRATION REQUIRED! This page enables you to access all the current..... Woodbury Homes for sale in Irvine Woodbury Condos for sale in Irvine
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By The Secor Group Irvine REO Specialists, Irvine Bank Owned Homes & Short Sales
(Prudential -Irvine Homes Condos & Townhomes )
Looking in Irvine for Real Estate listings? There are curretnly aver 800 Irvine Homes for sale, so we made it easy to just search in the Irvine Neighborhoods you may be interested in. Check out all the current listings in Woodbridge in Irvine here. Click these Irvine Real Estate links below for all WOODBRIDGE HOMES FOR SALE IN IRVINE. Woodbridge Homes in Irvine Woodbridge Condos in Irvine
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