5 Secrets When Buying in Costa Mesa

 

Many of you have been looking for a home to buy in Costa Mesa real estate recently, and have had difficulty finding the right opportunity. Perhaps the house was too small, or in the wrong location, or perhaps the price was more than you wanted to spend.

 

Whatever the reason, I saw an article recently at MSN that talks about how professional investors (Spike TV’s Flip Men) evaluate homes that they are going to buy and flip for profit. These are good points, especially for buyers, and are quickly summarized in these five tips for local buyers.

 

1. Location – Be sure to pick a good location, Costa Mesa real estate is like everywhere else. Location is the number one factor that will help you resell your home when it is time. I’ve talked about this in past posts.

2. Avoid homes with a uniquely weird layout.  If it seems weird when you walk through it, chances are everyone else will too.

3. Avoid busy streets – a home located on a busy street is a quick no-go for most people, especially those who have kids. The impression is that their kids won’t be safe if they run outside.

4. Be ready to go – Make sure you have your financing or cash set aside and approved for purchase. Lots of people go look for a home first but don’t really know what they can qualify for in today’s Costa Mesa real estate market.

5. Know the Costa Mesa real estate neighborhood – As soon as a traditional listing or foreclosed home becomes available, you or your agent should scrutinize the surrounding three blocks and look at the following factors:

• How many homes are on the market and how long have they been on the market?
• What condition are these properties in?
• What’s in escrow? What have houses nearby sold for in the past 90 days?

That’s the quick 5 tips- however, one of the most poignant things that they mentioned was this:

 

“Don’t just get your relative or your friend from high school [to represent you]; you want someone who really knows the industry,” Baird says. So many people, he says, sign a buyer agreement with the first agent they meet, rather than shopping around. Experienced agents who are working full time can get out to — and get you into — properties before other bidders.

 

Here are our best 5 resources from our website so you can learn about Costa Mesa:

 

Our Forecast Pages – They have never been wrong!!!

 

I’ve seen lots of agents come and go – want to work with a local Costa Mesa real estate agent with 10 years of LOCAL experience, who knows the neighborhoods and best locations?

Call Colin Delaney at (714) 743-9882 or e-mail me.