The Dangers of Overpricing Your Orange County Home

Overpricing your home leaves your listing high and dry.

 

Whether you’re in Newport Beach, Laguna Beach, Corona del Mar, or elsewhere, the dangers of overpricing your home are the same: It just won’t sell. Simple enough, no? Well, if you’re still curious, then read on to explore the reasons that pricing your home too high for the coastal Orange County market is perhaps the worst thing you can do when trying to sell.

 


 

Say you love the old tile smattered over your split-level floor plan. You feel the pool you installed for six figures was an excellent investment. Your afternoon naps simply wouldn’t be the same without those blaring trains. You love everything about your home, so it must be worth a little extra, right? Not necessarily.

 

An all-too common mistake by those selling a home in coastal Orange County (and literally everywhere else) is that they overvalue their property. Maybe they want to recoup their investment on costly improvements. Maybe their personal taste doesn’t match with market trends. Maybe they did some misguided research, or maybe they’re just going with their gut. Whatever the reason for an unrealistic sense of their home’s value, they can all be deadly to a listing’s chances.

 

Inevitably, a portion of sellers will heed poor advice from agents who will say anything to sign a listing. Others may scorn the advice of a good agent. But what really happens when a home is overpriced?

 

More is Less

Ironically, if your listing is overpriced, it’s more likely to sell for less than if you had priced correctly at the outset. Buyers are often reluctant to offer a “lowball” price to an overpriced listing, for fear of wasting their own time or possibly offending the sellers. Sure, some bold buyers might decide (or be convinced by their agent) to bid low, but many more of them won’t even bother.

 

When a listing is priced too high, buyers will move on to spend their time and energy on the reasonably priced listings in the area. They don’t want to waste their effort. That leads to decreased competition for the overpriced listing, and in the end a lower sales price. Good agents can spot an overpriced listing from a mile away. When they spot one, they will know that their clients needn’t worry about getting stuck in a bidding war. A seller who has overpriced should expect to see lower bids and fewer of them.

 

Losing Steam

Your first days and weeks on the market are the most crucial. When your listing goes live on the MLS, it triggers a cascade of events meant to help drum up interest in your property. Notifications are sent to buyers and agents through automated MLS alerts and search websites like Zillow, when a home that meets their criteria hits the market. If your listing is overpriced, those alerts won’t get a second look. In fact, if your pricing is way off, those alerts won’t even go to the “right” subset of buyers at all. Either way, you’ve wasted an opportunity.

 

As soon as your listing goes live, open houses and broker tours will populate on search sites, and your agent’s marketing plan should be in full swing. Snail mail, email, social media, agent networkingeverything is full-speed ahead to supercharge your entry into the market. But, if you’ve priced too high, then you’ve stymied that effort from the get-go. Overpricing is an exercise in self-sabotage.

 

Going Stale

Once the initial marketing period is over, an overpriced listing will continue to linger on the market. And linger. And linger. And linger… you get the point. “Going stale,” in industry lingo, means being confronted with two options. First, you can simply wait. Perhaps you have the time to wait for conditions to improve. You’re not in a rush, and at the very least inflation will catch up to your unrealistic expectations eventually, right? Some sellers choose to pull their home off the market, but many don’t have that kind of time to spare, or they don’t want to live in listing limbo.

 

Your second option is a price drop. Sometimes, a price drop is a perfectly reasonable course of action; if it’s spurred because of a shift in market conditions, then you’re at least somewhat insulated by the fact that everyone else is floating in the same ebbing tide. However, if you must drop your price due to your own initial mistake, then you’ll turn into easy prey. Much like the lion that hunts the sickly gazelle, buyers will identify your listing as fundamentally weak. Offers will come in low, and buyers who see multiple price drops will just wait around for the next one.

 

Hitting the Sweet Spot

The dangers of overpricing highlight the importance of finding an agent who you trust. You deserve a real and honest discussion. At the Stavros Group, we apply our experience in Newport Beach, Laguna Beach, Corona del Mar and beyond to fit your needs, and we offer guidance based on the realities of the market—good or bad, up or down. We are your trusted advisor in selling or buying a home in coastal Orange County. If you’re considering making a change, reach out to start the no pressure conversation and we’ll discuss all your options.

Ten Top Tips for Orange County Landlords

 

Owning rental property in Orange County can be a lucrative investment, providing a steady stream of income every month. However, being a landlord can also be a major source of stress, headaches and heartache, from screening tenants to collecting rents to upkeep of your property.

 

So how do you manage your Orange County investment property or properties while simultaneously managing your sanity? We have some helpful tips that may save you time and money in the end.

 

1. There’s An App For That

Whether you’re managing two or twenty rental properties, it’s critical that you stay organized. Losing track of your repair receipts might mean a hit to your tax deductions. Misplacing a lease agreement may bite you later if you’re forced to evict. Utilizing property management software, you can keep everything safely in one place. Some apps even enable you to collect and track rent payments, manage repair requests, screen tenants, and list a vacant rental on sites like Zillow and HotPads.

 

Take a look at these reviews to learn about 2019’s best property management apps:

FitSmallBusiness.com

Reviews.com

 

2. Think Long-Term

As a landlord, you’re likely not in it for a quick flip. You want to extract the most income from your property over a period of years, even decades. With that in mind, consider undertaking renovations and improvements that may cost more right now but will pay off in the long run. This includes adding in-unit laundry, updating the kitchen and bathrooms, and installing soundproof windows in street-side rooms. It may take a few years for these investments to pay off, but in the end you will recoup your costs, realize higher total income, and have a property that’s more attractive to future renters.

 

3. Don’t Overlook Landscaping

The next time you’re heading to your rental property, try this little experiment: Drive past first without going inside, and take note of the exterior. Does it look inviting, or does it look unkempt and overgrown? Based on the view, would a potential renter want to see more? You don’t need a veritable Garden of Eden outside your property, but a well-kept exterior space is important in maintaining your rental’s curb appeal. Plant some low-maintenance foliage, and set up a system to manage its health. Contract a landscaping company if need be—in the end, you’ll benefit from more renter interest and higher rents.

 

4. Show Your Tenants Some Love

The stress of being a landlord can vary greatly based on the quality of your tenants. To ensure that the good ones stick around, address their concerns promptly. If something at your property needs repair, express to your tenants that you are working hard to solve the problem, and do your best to get things fixed as soon as possible. Just like you want good tenants, your tenants want a good landlord who cares about more than just receiving their monthly payment. Write them a letter of appreciation for prompt payments and keeping the place clean, or simply thank them for treating your property with care the next time you’re around.

 

5. Sweeten the Deal

Since a thank-you note may not always be enough to retain your good tenants, consider offering them concessions such as a free month of rent or an extension of their current lease. It’s always easier to keep your current tenants than to find new ones, so losing a bit of income in the short term is well worth it to save you the time and effort of finding and screening a new batch of applicants. If a lease is set to expire during slower months like the holiday season, you can propose an extension to keep your tenants in the property until a busier time of year when new tenants will be easier to find.

 

6. Keep a Record of Your Property’s Condition

To protect your investment, be sure to keep detailed records of your property’s condition between tenants. Before new tenants move in, take photos and video of the entire property and save them securely in multiple systems like your computer and the cloud (a la Dropbox or Google Drive). When your new tenants are ready to move in, prepare a checklist and walk through the property together. Note the condition of each space, and have your tenants sign the checklist to acknowledge that the walkthrough was conducted.

 

7. Analyze the Market

If you’re getting ready to put your property on the rental market, first perform a comparable rental analysis. Just like selling a home, your best resource for pricing a rental is to compare your own property to others in the area. Look at rental properties of similar size, bedroom and bathrooms, and amenities. Make note of their rental prices, and adjust your target price based on differences like recent upgrades or problem areas. Losing rent income due to vacancy is your greatest enemy as a landlord, so it’s important to maintain a competitive, fair price.

 

8. Require Rental Insurance

This is frequently overlooked by landlords, but it can save you a heap of trouble. Requiring your tenants to have rental insurance will help if your tenants cause more damage than their security deposit covers. If a forgetful tenant leaves on the stove and starts a fire, or leaves the sink running and causes water damage, your landlord insurance might not cover all of the damage. You may be able to recover damages from your tenants’ renters insurance. In addition, your tenants will be more secure from losses to their own personal belongings. Renters insurance is a benefit to everyone.

 

9. Work With a Real Estate Attorney

Whether you are drafting a lease agreement or seeking an eviction for a deadbeat tenant, it is eminently helpful to work with a real estate attorney who knows federal, state and local laws inside and out. As we all know, attorneys don’t necessarily come cheap; but making sure that your i’s are properly dotted and your t’s are well-crossed is worth the price. While on its face a contract or a court filing may look simple enough, it can set you back months of time and thousands of dollars to get something wrong.

 

10. Treat it Like a Business

Ultimately, your rental properties are like any business investment, and you should treat them as such. Focus on cash flow: pursue late rents and do not hesitate if eviction is required. Invest in improvements which will net higher rents. Follow laws and ordinances to the letter, including Fair Housing and zoning rules. Maintain your property to high standards. And most of all, if you cannot afford the time and effort of being a hands-on landlord (which can be considerable), then consider hiring a property management company. You’ll lose a portion of your rental income, but the majority of the stress that comes with managing a property will be off your hands. Not a bad tradeoff.

 

We’re Happy to Help

As your local real estate experts, we have years of experience helping investors buying and selling rental properties. In addition, we have a broad professional network of trusted vendors, and we are always happy to recommend a contact for any of your investment property needs. Whether you’re looking for a real estate lawyer, a painter, a photographer for your rental listing, or any other industry pro, we are well acquainted with some of the absolute best. Let us know how we can help!

The Importance of Interest or: How I Learned to Love the Fed

The year is 1984, and despite Orwellian predictions to the contrary, nothing seems to be going poorly at all as you amble down your tree-lined street. A neighbor cheerfully hollers across the road, but with Purple Rain cranking through your Walkman, you can’t quite make out what he said. Nudging the headset off one ear, you hear him repeat, “Howdy neighbor!” Well, howdy, yourself!

 

You’ve rented here for quite a while. It’s a sleepy little suburb with friendly folks and good schools. For years, you’ve saved diligently with the goal of making an offer on one of the charming homes for sale that you see every day on your walks. Browsing the Yellow Pages and consulting with friends, you finally found a real estate agent who you can trust. Now all that’s left is to get approved for a mortgage! Considering your outstanding credit, the lender is willing to make a deal—thirty years fixed at a low rate of just fourteen percent!

 

 

Today’s Rates are Hard to Beat

It may seem crazy to young homeowners and aspiring buyers, but throughout the 1980s the national average mortgage interest rate was well into the double digits. Recession and inflation starting in the late 70s prompted drastic measures from the Federal Reserve who cranked up interest rates to even as high as twenty percent. Since then, and especially after the financial crisis of 2008, the average rate has seen a precipitous decline. After years of wavering around four percent, the notion of a thirteen or fourteen percent mortgage is unthinkable to most new and would-be homeowners.

 

Let’s compare an average 30-year fixed-rate mortgage in August 1984 with August 2019:

  • Loan of $200,000, 30-yr fixed
    • August 1984 avg rate: 14.47%
      • Total cost over lifetime of mortgage: $879,962
    • August 2019 avg rate:  3.62%
      • Total cost over lifetime of mortgage: $328,154

 

In 1984, your mortgage would cost over four times the amount borrowed over the course of the loan. Whether you’re bearish or bullish on the economy as a whole, with a little perspective it’s abundantly clear that home buyers have it very, very good these days. As an extreme example, the stark contrast illuminates how important  interest rates are in a home purchase.

 

Using more recent and normal examples, the current average still beats recent rates including just last year. In August 2018, an average fixed-rate loan of $500,000 would cost you $917,389 over 30 years. One year later in August 2019, you would save nearly $100,000, at $820,386 over 30 years. That’s a huge difference and huge savings after a rate drop of less than one percent (4.55 to 3.62%).

 

 

Use Low Interest Rates to Your Advantage

So what does this all mean? First off, it’s clear that buying a home when rates are low is the most effective strategy to ensure that you’re getting a good deal. Both buyers and sellers benefit when rates are low, as buyers can afford to borrow more money for less overall cost. When buyers can afford bigger and better homes, competition is increased across the market, listings garner wider interest, and ultimately sellers receive higher offers and closing prices. All at essentially no extra cost to the buyer, because their money simply went further at a lower interest rate.

 

This also means that homeowners who purchased recently could be eligible to save big by refinancing an existing mortgage above current rates. According to analytics firm Black Knight, four out of five mortgages originating in 2018 are at least 0.75% higher than today’s rates. Additionally, they found that most mortgages from before 2004 could have rates lowered by about 1.75%, leading to massive savings.

 

 

We’re Happy to Help

Inevitably, the Federal Reserve will raise interest rates and the market will retract to some degree. Of course, nothing about the economy happens in a vacuum, and there are always countless extenuating factors. So we’ll skip making bold predictions. Instead, we will simply recommend this sage old advice: “Get while the gettin’s good.” Rates are nearly as low as they can be, and real estate is entering its most active time of year. If you’ve been thinking of buying or selling, now is an excellent time to do so! Give us a call to find out how we can help.

8 Ways to Prepare Your Orange County Home to Sell

 

During the resale of a home, the diligent negotiation work of the real estate agent is crucial, but it’s only one part of the equation. As a seller of real estate in Orange County, California, where appearances are everything, you should try to go the extra mile to make your home as presentable to potential buyers as possible. These eight tasks can help you unload your property quickly at a price you can feel good about.

 

 

1. Landscape

Unkempt landscape may cause potential buyers to believe you haven’t taken care of your home, and this perception can dissuade people from making offers. During the resale process, mow your lawn and trim your hedges regularly to keep greenery tame and polished. Use this opportunity to add new plants, including colorful flowers or bushes. These touches make a fresh first impression that may set the stage for a positive showing.

 

 

2. Make Repairs

When you move into a new home, the last thing you want to do is perform repairs. Your house can become much more appealing to buyers if you take on those necessary fixes yourself. It’s possible that some issues may be uncovered during a home inspection, and you might be required to fix them before moving ahead with the contract. You can save yourself this stress and potentially encourage higher offers by doing repairs ahead of time.

 

 

3. Deep Clean

No one wants to think about dirt and grime left over from the previous homeowner. A deep clean lets your house seem brand new for the next occupant and may remove offensive odors. Focus on the following key areas:

 

– Dusty spots

– Plumbing fixtures

– Appliances

– Countertops

– Floors

 

Though your furniture will likely be coming with you, it’s a good idea to wipe down or vacuum these pieces as well. Cleanliness overall can enhance the home’s presentation.

 

 

4. Repaint

You’ve likely personalized the rooms in your home with your favorite paint colors and treatments, but some buyers may not share in your style. Homeowners want a blank slate they can add their own flair to; you can make that job easier by choosing a nice neutral to repaint in.

If your walls are already fairly neutral, a fresh coat of paint still isn’t a bad idea. Over the years, the surface may have been chipped or scuffed, and it might even appear dull. Repainting can make a room feel like new.

 

 

5. Remove Personal Items

There are obviously many things you’ll need to continue living in your home as it sells, such as toiletry items or office supplies, but it’s a good idea to tuck them neatly away in cabinets or drawers during showings. Take down personal photographs, bulletin boards or household calendars. Clean up the surface of the refrigerator, removing things like coupons or pictures.

 

 

6. Launder Linens

Fabric alone won’t sell your home, but clean, fluffy linens can make the home appear less lived-in. Fresh bathroom linens, including full-sized towels, hand towels and bathmats spruce up the environment and make it more inviting. Take a day and launder textiles throughout your house:

 

– Towels

– Bedding

– Curtains

– Throw blankets

 

As you prepare house to sell, consider tasks you might perform if you were welcoming a guest to stay in your home. Fresh linens make visitors want to stay.

 

 

7. Prioritize Curb Appeal

The first thing buyers see when they view your home is the exterior. To improve your home’s curb appeal, make sure the yard is clean and empty. You can freshen up siding by repainting it, and stone or brick can undergo a power wash. Small touches, such as planters, welcome mats or benches can give a front porch a more hospitable feel.

 

 

8. Organize

Potential buyers want to understand your home’s storage options, so they may peek into closets, cabinets and drawers to see what the house has to offer. An accumulation of junk can quickly turn people off. Additional shelving and storage bins are a good investment to help you organize the mess, and they can give these areas the impression of greater storage capacity.

 

You’ll be amazed by the transformation your home can undergo when you take these crucial steps. Freshening up the property can help buyers visualize the potential and imagine their future in your space. If you’ve got your home in tip-top shape to hit the market, contact us today to start your listing and to sell your house in Orange County.

Simple Steps to Buying Your Orange County Dream Home

 

Clifftop settings, panoramic views and miles of beaches make Orange County one of the most sought-after locations for a dream home. Outdoor and water enthusiasts will find much to suit their lifestyles in wilderness parks and warm water beaches. If you’re longing for the nature-inspired serenity afforded by some of the most spectacular sunsets on the west coast, your wish can become a reality when you buy a house in Orange County. Here’s how you can make everything come true.

 

Getting Started: Check Your Credit Score

Checking your credit history and credit score will give you an idea of what terms various lending institutions will offer and how much of a down payment will be needed. Your credit score, also called a FICO score, may already be available to you if you use one of the many credit cards offering it as part of their service package. If not, you can obtain your score from one of the three credit-reporting agencies (Equifax, Experian or TransUnion). You can also subscribe to a credit monitoring service. If you subscribe to the FICO service, you’ll be able to see the same scores that mortgage lenders will be looking at when you apply for financing.

 

Do the Math and Determine Your Debt-To-Income Ratio

A lending institution will want to know your debt-to-income ratio and there can be varying requirements. A conventional mortgage typically requires a debt-to-income ratio to be no greater than 28-percent in order to qualify for monthly loan payments.

You will need to figure in your property insurance, taxes and other projected home-owner expenses when you work out your debt-to-income ratio. Most lending institutions will help you calculate how much of a down payment you’ll need to get the loan you want. You can also find helpful home-buyers’ work sheets and calculation guides at the CFPB’s consumerfinance.gov website.

 

Get Pre-Approved

Unless you already have an established relationship with a lending institution, there’s no reason to not shop around for the best deal. This may be different for each borrower. The most desirable aspect of a mortgage could be the size of the down payment, the amount of the monthly installments, the interest rate or the length of the loan.

Once you’ve settled on what bank you’ll be dealing with, get pre-approved. This is actually a two-step process that starts with pre-qualification; this refers to a preliminary discussion of your credit, income and employment history. After finding out what loan programs you’re eligible for and you’ve settled on one that fits, you’ll be asked to provide back-up documentation. The actual approval will come from an underwriter who reviews the documentation you provide.

 

Start House-Hunting With Your Approved Purchasing Amount and a Seasoned Real-Estate Guide

Once you’ve obtained an approval from a lending institution and determined how much purchasing power you have, you’re ready to begin house-hunting. You’ll need a good guide — one who’s experienced, knowledgeable of the area where you want to live and who can be counted on to do what’s best for you. That’s where we come in. If you’re looking for a home for sale in Laguna Beach, Newport Beach or one of the other dream spots in Orange County, we’ll help you find it and make sure you tour the types of homes that reflect exactly what you’re looking for.

 

Wrapping-Up the Deal

When you’ve found the home of your dreams, have an inspection performed to make sure all the vital areas are in good shape. You’ll most likely also be required by your mortgage provider to have an appraisal performed. You may still be working out the final purchase-price negotiations at this point and the inspection and appraisal could have some bearing on how that proceeds.

The closing is the final step and your mortgage provider will present you with a closing disclosure three business days before everything is settled. The CD will outline all the terms and purchase details. Keep this document handy because you’ll need it to claim certain items on your income tax filings.

 

We Want You To Enjoy Your New Home!

Real estate in Newport Beach, California, Corona Del Mar or one of the choice spots along the Orange County coast can help you realize the lifestyle you’ve been dreaming of. We’re here to make it all happen for you and we look forward to hearing from you.

How Coastal Homes In Newport Beach Sellers Stage Their Property

Do you know how to stage your home? If you have never heard of this process, chances are that you have never had to be in the position of selling a property before. When a California realtor shows your property to a potential buyer, they can either exhibit the home itself – completely stripped of furnishings – or show it in a “staged” condition.

 

In the old days, a prospective buyer usually had to walk into a bare, empty shell of a property and then imagine what it would like once it was filled up with their own furnishings. Thankfully, times have changed. The modern concept of staging basically means filling up the home with furniture that is provided on a temporary basis in order to make the home look “lived in.”

 

What is the Purpose of Staging Your Home?

 

You may be wondering about the purpose of staging coastal homes in Newport Beach. The reason is simple. You want the home to look as comfortable and inviting to a potential buyer as it possibly can. But you don’t want to risk getting your own furnishings tarnished or stolen.

 

The solution for home sellers is simple: Hire a real estate expert who can provide furniture owned by the agency to stand in for the furnishings that you have already moved out of the property you are selling. This way, you can offer your potential buyer the full perception of a luxury home that is warm and inviting. Staging is one of the best techniques that allows sellers to get their property offloaded in a faster and more profitable manner.

 

The Time for You to Contact a California Realtor is Now

 

When it comes to staging and selling luxury coastal homes in Newport Beach, we are your leading local experts. The goal that you have in mind should always be to connect with experts who can help sellers realize the maximum possible profit for the sale of their property.

If you are ready to move on to a new property, you need help to sell your old one for a profit. Get in touch with us today to learn more about the staging process and what it can do to sell your home in a quick and timely manner. The sooner we go to work for you, the sooner we can help make your dream come true.

5 Tips For Selling Luxury Homes In Newport Beach, California

Selling a luxury home can be a challenge with many chances for pitfalls. There are some tips for selling upscale homes all homeowners should seriously consider first.

 

  1. Market Your Home to the Right Potential Buyers, and Highlight the Home’s Luxury Features to Sell

 

To get the right price desired for your valuable upscale home, it is crucial to learn where to market your home to the right potential buyers. It is also important to highlight your home’s unique luxury features and other attractive amenities to attract buyer interest and cinch a successful sale.

 

  1. Research Area Real-Estate Market Before Selling Luxury Homes in Newport Beach

 

Knowing the details regarding the current and expected future real-estate market in the area where you live is imperative before attempting to sell your luxury home in the Newport Beach area. It helps to stay abreast of current and potential future of local and nearby building projects or plans. This includes:

 

  • Companies Expanding or Moving to Region
  • Home & Business Property Development Plans
  • Local Home Market Values
  • City, County & State Real-Estate Codes, Zoning Laws & Other Requirements

 

  1. Avoid Common Mistakes Sellers Encounter When Putting Their Upscale Home on the Market

 

Homeowners should learn and avoid common mistakes most homeowners of upscale homes encounter when selling their property. These include not targeting the right potential buyers, ineffective marketing of your home’s original assets and relying on a large real-estate firm that doesn’t have the necessary time or experience to successfully sell your luxury home at a good price.

 

  1. Learn the Benefits of Working with a Seasoned Luxury Home Realtor in California

 

The many benefits of working closely with a local home realty expert well-experienced in successfully selling beautiful luxury homes at top dollar are enticing. Clients get the benefit of the real estate professional’s many local and far-reaching business/community ties. His/her resources ensure effective marketing strategies, faster sales at higher prices and old-fashioned personal services.

 

  1. Find the Right Realtor

 

Finding a trustworthy and effective real-estate-company specializing in sellers of California luxury homes can spell a successful sale. Having an honest, knowledgeable and reliable expert on-hand makes all-the-difference.

 

Why Life in a Newport Beach Home is a Dream Come True

Surfer walking on beach near their Newport Beach home
Photo courtesy of ActionVance

 

Many people long to live in a coastal location where beautiful beaches surround you and mild temperatures and sunshine is the norm. The town of Newport Beach in Orange County is one such California locale that seems to have everything. With wonderful residential neighborhoods and a number of living options that include gorgeous luxury homes and upscale condos, this seaside town is one to be desired. We’re breaking down what makes this area so special and why you will immediately start wanting to look for homes for sale in Orange County so you soon can see yourself living in a Newport Beach home.

 

 

What People Are Saying About Life in Newport Beach

This town beside the sea boasts many stunning beaches and plenty of water sport activity options like kayaking, surfing, and boating. The water is warm, the sand is golden and there are some spectacular sunsets at dusk. There are plenty of shops, decent restaurants, and other eating venues. At night, there are some lively clubs, great music, and good company. There is something for everyone, and the people here are friendly. This is a nice alternative to big city life. If ever wanting some of that larger excitement, it is only an hour’s drive to several bigger city destinations.

 

 

Advantages of Living in This Beautiful California Coastal Town

There are many advantages of living in this beautiful geographical location. The neighborhoods seem more like smaller town communities where everyone looks out for each other. The schools are superb, and the town is relatively clean. The great thing about moving here is the different choices in housing. There are wonderful single family homes, condos and apartment complexes. A sizable number of classy upscale homes draw many, and most neighborhoods feel safe. The beaches have nearby attractions like bowling, arcades, various clubs, picturesque hiking/biking trails and bars if you like that scene.

 

 

The Best Way to Buy or Sell a Luxury Home in This Area

While there are some good deals on upscale homes if you know where to look, it can be a bit difficult to buy or sell a top-of-the-line home without knowing all of the nuances of the real estate market in these parts. Working with an experienced realtor who specializes in these higher-end living environments is usually the best way to buy or sell these homes. Sellers often run out of time and might end up settling for far too low a price. Newcomers to the area often get hoodwinked into paying too much when buying a local luxurious home featuring added amenities.

 

 

If you find yourself in the market for a new home in Orange County and want someone knowledgable about the area to show you the absolute best Newport Beach, California homes for sale, then do not hesitate to contact us here at The Stavros Group. We’d be happy to help!

Features A Realtor Specializing In East Bluff

Not every person or even real-estate company has the necessary skills and talent to successfully market and sell high-end homes in California. One well-respected realtor uses proven real-estate features to effective sell area homes for good profits. Some of his business techniques follow.

Use of Multiple Multi-Media Advertising Platforms to Market Luxury Homes to Appropriate Buyers

To sell anything these days, it is important to advertise and market over several different types of avenues. This realtor has successfully marketed and sold many beautiful area homes in upscale neighborhoods. He uses several social media sites, various computer platforms, mobile device technologies and the standard print media, radio and television advertising options typically used. Getting the appropriate word-out about a specific property to the right potential buyer can mean the difference between a sale or no sale.

Having Expertise in Real-Estate Business Areas Like Communication, Deal Making Strategies and Expected Customer Services

This friendly up-and-coming luxury home realtor has the necessary background in commonly used real-estate business areas such as good communication skills, effective deal making strategies and will also give the client the expected customer service level that wealthier people have typically become accustomed to. This includes providing constant communication throughout all of the buying and selling processes, attention to client detailing, time for effective listening and delivering on just what each client wants and needs.

Necessary Background, Research Skills and Business/Community Resources, and Connections to Sell Upscale East Bluff Homes

It’s crucial to have the necessary background, research skills and an extensive list of business/community resources and connections in order to sell upscale East Bluff homes fast at the prices the sellers want. Without the proper experience in selling high-end homes, the process will not be as satisfactory to all involved.

A local California seasoned realtor specializing in East Bluff area homes that include many types of amenities has some business promises that he gives to each of his important and valued clients. These include:

  • Fully-Commit to Job – from beginning through-to-the-end of the process
  • Clear, Honest and Continual Communication – keeps clients abreast all throughout each stage
  • Takes Time to Listen to Client’s Needs – then follows through with delivery
  • Cultivates Client Relationships Built on Trust

Top 3 Reasons To Buy A California Coast Luxury Home From A Top Realtor Specializing in East Bluff

Buying a home can be stressful. This is why working with a realtor specializing in Newport Beach California is a great idea. A top real estate agent in Laguna Beach can help with finding homes for sale in Corona Del Mar and homes for sale in Newport Beach.

Working With an Expert

The best agent for East Bluff can offer many services. For example, the best agent for Cameo Shores can help locate dream homes in Newport Beach that may have just come on the market. The best realtor in Newport Beach can also locate coastal homes in Newport Beach that are within the buyer’s budget and offer unrivaled luxury at the same time. An agent like Andy knows all that people need to know about buying a home in Newport Beach.

Local Markets

Top real estate agents like the best agent for Shorecliff understand the real estate markets along the California coast very well. They frequently have connections with other agents in the area. They may work with clients who may be thinking about putting up luxury homes in Newport Beach for sale and the kind of price they have in mind for the property. A realtor specializing in East Bluff may know about planned home construction that is in the works from a local builder. They may know about builders who are seeking permission from the local planning board to begin construction as quickly as possible. A realtor specializing in Corona Del Mar may also know about other plans for the area such as the construction of a new road or a new park that can make living in the area even better.

Years of Experience

A realtor specializing in Laguna Beach and other areas will bring many years of experience about the kinds of towns and home for sale in such communities along with them. For example, they may know when a particular home was constructed as well as many details about the buyers. They may know that many East Bluff homes for sale were purchased when property values were lower and sellers are looking for a certain level of profit before they will entertain any offers. This kind of knowledge means the agent offers superior service for all of their clients.

In short, working with a great agent when is the best choice for anyone in search of their personal coastal California luxury dream home.