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Introduction
Welcome to OCCoastRealty.com! Your premier Orange County Real Estate Information Resource. Whether you're a first time home buyer or a seasoned investor, you can count on OCCoastRealty.com to have the most current information. OCCoastRealty.com will help you to make educated decisions.
Buying A Home
Buying a home will be one of the largest investments you will make. It is a dream we all have. There are just two important steps toward your home ownership.
Selling A Home
Selling your home is just as straightforward as buying a home. Once again, it's only a question of understanding the sales process and obtaining the assistance of a professional Realtor© to help you market your property at the best value within a reasonable time frame.
Financing A Home
Our depth of knowledge provides you the best insight into choosing the best financing options available in the market today. Whether it is getting your first home loan or refinancing your existing loan, we will work to make the process as smooth as possible.
Relocating
Relocating? Leaving our area? Or just coming in? We would be honored to help you through the entire process. Let us put OUR experience to work for you!
Foreclosures
Foreclosure is the process in which the lender recovers the amount owed on a defaulted loan by selling or taking ownership of the property securing the loan. OCCoastRealty.com has all the lastest foreclosure and bank-owned properties in Southern California.
Find A Realtor
We maintain a strong continuing education program for our associates. We believe that as the level of sophistication of the buying and selling public increases, the level of service, education and quality of service of our Agents must likewise improve.
About Us
Today's real estate market is changing. Whether your buying, selling or just want to keep up with the latest trends, OCCoastRealty.com will provide you with the most accurate and up to date information.
Contact Us
OCCoastRealty.com is located at 668 Coast Highway, Laguna Beach, CA 92651. Or call 949.302.7757.
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Everything is Negotiable
In the United States, we’re not used to negotiating a price for our every day purchases. But when you’re buying a home, not negotiating the sellers’ asking price may mean paying more than the home’s fair market value. To avoid feeling that you paid too much, you must learn the art of give and take for a successful purchase price.
For example, you may find your dream house with an asking price of $112,000. Your real estate agent tells you that comparable homes in the area sold in the last six months for $100,000 to $110,000, so you make an offer of $100,000. Before formally presenting the offer to the sellers, your real estate attorney or agent prepares a contract, writing in the appropriate contingencies, including the condition that all appliances and light fixtures remain in the home.
Within a few days, you receive a counter-offer of $110,000 with the seller’s contingency that you submit a pre-approval letter from your lender. After a few more rounds, the seller finally agrees to come down to $105,000 if you move the closing day from four weeks to six weeks to allow their kids to finish school.
Because you need to close in four weeks, you offer to let the sellers rent the house from you for two weeks after closing. The sellers accept. Finally, you have a deal!
Remember, the goal is not to crush the seller by getting everything your way. It is about getting your dream house at a fair price. And negotiations always involve a little compromise and give and take.
NEGOTIATING TIPS:
* Whoever made the most recent offer is legally bound to that offer until it’s either withdrawn by that party or the other party answers.
* Get it in writing! That includes all counter-offers and contingencies to the purchase offer, initialed by both parties. Your real estate attorney can make sure all amendments are legal and clear to both sides.
* EVERYTHING IS NEGOTIABLE: From the price, to the closing date, to the chandelier in the dining room.
* The bigger the gap between the asking price and the offering price, the more time you should allow to reach a mutually satisfactory price.
* Be aware of how long the home has been on the market. If it’s been a few months, you might have a slight edge when negotiating.
* Ask your attorney to include a contingency about home inspection. A home inspection typically isn’t done until after a purchase offer is made, so often the negotiating phase begins without a thorough picture of the home. Once you learn the home’s physical problems, if any, you can ask the seller to make the repairs or lower the price, or you may choose to walk away if you think the problems are too extensive, AS LONG AS your attorney has included a contingency! If the contract says you must buy the home at a particular price "as is" or with narrow limitations, you don’t have much bargaining power.
* If you’re not the only buyer bidding on a home, remember that the seller is looking for the best offer in terms of price, terms (who’s paying for closing, repairs, etc.), and contingencies. Too many conditions and the seller may very well go with less-demanding buyer.
* Pick your battles. Know ahead of time what’s really non-negotiable to you, and be willing to compromise on the lesser issues.
* Last, but not least, keep emotions out your finances. If you can only afford to pay $150,000 for a home, don’t go far above that number in a panic that you might lose this house. Be willing to walk away.
OC Coast Realty - Offering Orange County Real Estate and Orange County Homes For Sale. Please use our MLS Home Search to find any Orange County Commercial real estate listing, Orange County Investment property, Luxury Orange County Home, Orange County foreclosure or Orange County Townhome. Feel free to contact us with any questions! |
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Call Now: 949.302.7757
