Facts About Dana Point Real Estate Values


Dana Point-Home of Their Dreams


Ever think you would like to build your own Dana Point home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Dana Point.

Dana Point: Art and Science


Buying a piece of Dana Point real estate is a science but buying your Dana Point home is an art. The science part involves getting the legal and financial parts down while the art is finding the Dana Point property that you’ll be happy with.

The total universe of possibilities within the universe of Dana Point real estate is quite diverse but narrowing your search ahead of time will help keep things in perspective.

In general there are two phases to any Dana Point real estate search. In the first phase, you get a feel for the different areas and an idea of what is being offered at what price. In the second phase, you search for the Dana Point real estate that meets all or most of your specifications.


Building Dana Point Home Equity


As a Dana Point homeowner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Dana Point home equity, you gain $3,600.00.

The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Dana Point home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Dana Point home appreciation values in your area, please call or E-mail me today.



Buying a Dana Point Fixer-Upper


Finding the right Dana Point fixer upper often involves finding a seller who is in financial difficulty and wants to sell in order to protect their credit or to avoid foreclosure. Various government agencies such as VA, HUD, IRS and others offer homes in foreclosure for sale and these homes can make excellent fixer-uppers. Bank owned properties known as REOs, real estate owned, offer good opportunities since financial institutions want to eliminate their real estate holdings by selling foreclosures quickly.

Join my network of Dana Point buyers looking for specific types of properties. Call or Email me today.


Buying Dana Point Real Estate...Will it Pay?


The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your Dana Point loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about home appreciation values in your area, please call or E-mail me today.

Tips for Buying or Selling Dana Point


Most experienced real estate agents and brokers already have Websites that showcase their local MLS data so your Dana Point can show up online as soon as it is listed. On the other hand, if you are selling on your own it will take time or a considerable advertising budget to get your individual Dana Point property to show up on the major search engines where prospective buyers will find it. You could tap into one of the several For Sale by Owner Websites but that would limit your market of buyers.

Buying real estate in Dana Point is also much easier when you work with a real estate agent who knows the area and the market. While there is a great deal of information online about real estate asking prices, it is not always so easy to find out what a property actually sold for. And even then, specific terms of a sale often make a difference in how to interpret the sales price.