Can I Buy an Orange County, CA House before I Sell Mine?

Can I Buy an Orange County, CA House before I Sell Mine?

 

 

When it’s time to buy a new home because you need a bigger one or a smaller one, do you want to make sure you have a new one before you sell your old one?

 

Most people do!  They don’t like the idea of selling their home before knowing where they are going to go next, and I don’t blame them!

 

There is just one problem with this plan.

 

Depending on the current status of the housing market, a seller might not accept your offer on your new home until you have already sold your old home.

 

Are you starting to see the chicken and the egg problem?  You can’t buy your new home until you have sold your old home, and you don’t want to sell your old home until you have a new home to move into.

 

What can you do?

 

First talk to a real estate professional and find out what kind of a market it is.  Is it a buyer’s market or a seller’s market?

Buyer’s Market

If it is a buyer’s market, the seller for your new home is more likely to take an offer subject to you selling your old home though they may be concerned because they know it may take you awhile.

 

In this case, you may be able to get an offer accepted by the seller that will allow you to sell your own home.  To make your offer most acceptable, you should have already listed your property for sale so that you can show the seller your trying to sell.

 

If you’re not willing to put your home up for sale, why should they accept your offer?

 

Seller’s Market

 

This is when it becomes a little more fun (please note sarcasm) to buy your next house.  In a time when there is limited inventory and many buyers, why would a seller want to take their home off the market and wait to see if you can sell your home?  

 

This can be a very difficult proposition especially when the seller’s agent is likely telling them it would be smarter to take another offer.

 

So, what can you do in a seller’s market to buy your next home?

 

  1. See if you qualify to own two homes at the same time
    • Perhaps your income allows you to qualify for two mortgages at the same time, and you don’t have to sell in order to buy.  In this case, you may just buy the second home and then pay the first.
    • There is risk to this as you may end up paying two mortgages for an unknown period of time unless you plan to keep the first home and rent it out.
  2. Sell your house subject to locating your new home
    • This means that the buyer agrees to wait to close on their purchase until you find your new home.
    • This works best when the buyer is not in a hurry to have their new home.
    • This may make your potential seller more comfortable accepting your offer as your home is already in escrow.
    • The downside to this is that it may make your home less desirable to some buyers.
  3. Sell your house and rent it back from your buyer
    • This option allows you to buy your next home with no contingencies for the sale of your current home and makes you a much stronger buyer
    • It is optimal for you though it requires finding a buyer who is willing to be flexible on their move in date.  
    • A buyer is unlikely to allow you more than a month or two, if that.  So you do need to aggressively look for your next home.
  4. Be willing to move to an interim home between the sale of your current home and the purchase of your next
    • This is the option that most seller/buyer would prefer to avoid though it is definitely an option.
    • It requires the expense and hassle of moving twice though it will allow you to appeal to the most number of buyers as they don’t have to wait for anything, and it appeals to the most sellers because you have no contingencies.

 

What is your first step when you need/want to sell your current home and buy your next.  Meet with a real estate professional to find out the status of the current market and what she recommends to help you move in to your next home.  Your second step will likely be to meet with a lender unless the sale of your old home will allow you to purchase your new home in cash.

 

Would you like to know the status of the Orange County market and the best way to get in to your new home?  Please give Christine Donovan a call at 714-319-9751.

 

 

Battle of Costa Mesa Civil War Reenactment Fairview Park

Civil War Battle of Costa Mesa

Battle of Costa Mesa Civil War Reenactment Fairview Park

For the past several years each April or May, the American Civil War Society (ACWS) has performed the Battle of Costa Mesa at Fairview Park.  Approximately 150 Civil War buffs gather together each year to reenact a Civil War battle.

 

My children enjoying coming to the park each year to see the battle and watch and listen to the canons booming and the horses passing by. One year, they even had Abraham Lincoln stop to recite the Gettysburg Address.

Part of the fun of seeing the Battle of Costa Mesa is walking through both Confederate and Unions’ soldiers camps in Civilian Town. There is also Sutlers’ Row where you can purchase items reminiscent of the Civil War time period.

This is a great time to teach children about the Civil War and come enjoy a piece of history.

Admission to the Battle of Costa Mesa is free as is parking. Fairview Park is located at 2525 Placentia Avenue in Costa Mesa.

Please see a small preview of another battle below.

 Battle of Costa Mesa

If you have questions about buying or selling a home in Costa Mesa, please contact Christine Donovan at 714-319-9751.

 

Costa Mesa Real Estate News – Westside Costa Mesa Homes – January 2015

Westside Costa Mesa Homes

Costa Mesa Real Estate News – Westside Costa Mesa Homes – January 2015

 

Southwest Costa Mesa, better known as the Westside or Westside Costa Mesa, is a wonderful area of Costa Mesa which is bordered by Newport Beach and Huntington Beach. It is basically the area West of Newport Boulevard.

It encompasses both Fairview Park and the Talbert Nature Reserve.

Westside Costa Mesa has many different types of homes including single family homes, condos and apartment buildings.  Many of the homes are several decades old though more and more new homes are being built. Many of the homes overlooking the bluffs have beautiful views of the ocean and wildlife in the Santa Ana River.

 

The current real estate market report for Westside Costa Mesa is below:

 

 

Westside Costa Mesa is currently experiencing a sellers’ market with many well-priced homes experiencing multiple offer situations as buyers compete for a limited number of homes.  Even so, homes that are priced higher than the market or that don’t feel like a “deal” may sit on the market for some time before selling.

Please contact Christine Donovan at 714-319-9751 for a list of homes currently for sale in Westside Costa Mesa.

 

If you would like to buy or sell a home in Westside Costa Mesa, please contact Christine Donovan at 714-319-9751.

See all Westside Costa Mesa.
(all data current as of 4/25/2015)

  1. 4 beds, 1 full, 2 part baths
    Home size: 1,880 sq ft
    Lot size: 7,841 sqft
  2. 4 beds, 2 full baths
    Home size: 2,060 sq ft
    Lot size: 7,405 sqft
  3. 3 beds, 1 full bath
    Home size: 1,268 sq ft
    Lot size: 7,405 sqft
  4. 3 beds, 1 full bath
    Home size: 1,033 sq ft
    Lot size: 11,761 sqft
  5. 2 beds, 2 full, 1 part baths
    Home size: 1,351 sq ft
  6. 4 beds, 2 full, 1 part baths
    Home size: 1,947 sq ft
    Lot size: 8,276 sqft
  7. 3 beds, 3 full, 1 part baths
    Home size: 1,910 sq ft
    Lot size: 1,680 sqft
  8. 4 beds, 3 full, 1 part baths
    Home size: 1,940 sq ft
    Lot size: 1,680 sqft
  9. 1 bed, 1 full bath
    Home size: 1,008 sq ft
  10. 3 beds, 2 full baths
    Home size: 1,428 sq ft
    Lot size: 1,000 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Please click homes for sale in Westside Costa Mesa to see homes currently for sale or see above.

 

Costa Mesa Real Estate News – South Coast Metro Costa Mesa Market Report – Jan. 2015

South Coast Metro Costa Mesa Real Estate Market

Costa Mesa Real Estate News – South Coast Metro Costa Mesa Market Report – Jan. 2015

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:

 

 

 

 

South Coast Metro has very low inventory right now, meaning that there are very few homes for sale with less than one month of homes inventory currently. Though sales were down some in December, it makes sense with the holiday. If homes continue to sell as they have the last few months, South Coast Metro is likely to experience a seller’s market with multiple offers on well-priced homes.

 

Click homes for sale in South Coast Metro Costa Mesa to see homes currently for sale or see below.

Interested in selling your South Coast Metro home or buying a new one, please contact Christine Donovan at 714-319-9751.

Costa Mesa Real Estate – Eastside Costa Mesa Real Estate News – Jan. 2015

Eastside Costa Mesa Real Estate News

Costa Mesa Real Estate – Eastside Costa Mesa Real Estate News – Jan. 2015

 

Eastside Costa Mesa is a charming area of Costa Mesa that borders Newport Beach, resulting, in a tendency towards higher property values than some other areas of the city. It is bounded by Irvine Boulevard on the east, Newport Boulevard on the west, 15th Street on the south and Mesa Drive on the north.

 

Though there are now many newer homes on smaller lots, there are still many of the original lots in Eastside Costa Mesa around 10,000 square feet. This is a large size lot in Orange County, allowing for space to expand smaller, older homes if desired.

 

Eastside Costa Mesa is known for wide streets and lovely, mature trees, homes with picket fences and an eclectic mix of different types of homes.

 

The current real estate market report for Eastside Costa Mesa Real Estate is below:

 

 

 

 

 Eastside Costa Mesa Homes for Sale Inventory

Though the number of days that it takes to sell a home in Eastside Costa Mesa was growing in the last half of last year, it decreased significantly from 87 days in October and November of 2014 to 59 in December.  Still that is much higher than the 38 days it took in March of 2014.  With extremely low inventory currently on the market, we may continue to see it take less time to sell homes.  Though this would typically indicate a strong sellers market, it remains to be seen if that will remain the case as we move into the spring which is typically a hotter market.  As always, the more desirable a home, the better it is priced, and the closer to the lower or mid range, the more likely it seems to be to garner multiple offers.

 

With interest rates falling again recently and homes still be low the pre-crash heights and with low inventory and lower days on market, this would appear to be a good market for both buyers and sellers with both having certain advantages.

 

Please contact Christine Donovan at 714-319-9751 to discuss the current value of your Eastside Costa Mesa home and its current value to decide if it might be time to take advantage of this sellers’ market.

 

 

Click the map below to see homes currently for sale in Eastside Costa Mesa.

 

 

Costa Mesa Christmas Tree Recycling and Disposal 2015

Costa Mesa Christams Tree Recycling

Costa Mesa Christmas Tree Recycling and Disposal 2015

 

The holidays were fun.  You have eaten your share of goodies and drunk your share of eggnog.  The presents have been unwrapped, and the decorations are put away until its time for dreams of sugar plums to once again dance in your heads.

 

And, now you’re wondering what to do with your once wonderfully beautiful Christmas tree.  Do you need to chop it up and put it in your trash can?  Do you need to take it to the dump?

 

You’re in luck. Costa Mesa has a simple program for Christmas tree disposal and recycling.

 

The Costa Mesa Sanitary District will pick up Christmas trees from December 29, 2014 through January 16, 2015.  The trees will be collected on regular trash days from curbside.  If a tree is over six feet, it must be cut in half to be eligible for pick up.  Please also make sure to remove all decorations and tree stands prior to trash pick up.  The trees will be ground into mulch and used both locally and throughout Southern California.

For more information about Costa Mesa Christmas tree recycling, please contact the Costa Mesa Sanitary District at 949-645-8400 or go to free Christmas tree recycling.

 

 

Costa Mesa Snoopy House 2014

Costa Mesa Snoopy House 2014

Costa Mesa’s iconic Snoopy House will be at Costa Mesa City Hall from December 13- 23, 2014.

Snoopy House first began 48 years ago in Eastside Costa Mesa at the Jordan house. But, when they were no longer able to host Snoopy, City Hall offered to do so.

Each year approximately 80,000 visitors come to see Snoopy an his friends enjoy cider and hot chocolate, ride miniature trains and visit with Santa.

Snoopy House will be open every night from 5:30 pm to 9:00 pm.

There will also be free pictures with Santa. So be sure to stop by Costa Mesa Snoopy House and enjoy the event that so many of us have grown up enjoying and now share with our children.

Fashion Island Christmas Tree Lighting 2014

Fashion Island

Fashion Island Christmas Tree Lighting 2014

This year, Fashion Island’s annual tree lighting ceremony will take place on November 14 and 15, 2014 at 6:00 pm.

 

In addition to having the opportunity to watch this beautiful tree light up, there will be sing alongs.  And, Mickey will bring his friends as well as a magical, Disney-type snowfall to accompany the lighting.

Make sure to arrive early as parking is difficult.

If you miss the initial tree lighting ceremony at Fashion Island, you can still stop by to see the slightly less festive though still beautiful lighting of the tree each evening at 5pm until January 4, 2015.

Ice Cream Open House Costa Mesa – 10-12-14

Ice Cream Truck Open House

Ice Cream Open House Costa Mesa – 10-12-14

On Sunday, October 12, 2014, DonovanBlatt Realty is having another of their Ice Cream Truck Open Houses at 209 Rose Lane in Costa Mesa.

Come by and take a look at this 4 bedroom, single story Eastside Costa Mesa home.  It has a lovely front yard and a backyard that is great for enjoying Southern California weather.

Plan to come by between 1 pm  and 3 pm to tour this home and get your free ice cream.

For more information, please contact Christine Donovan at 714-319-9751.