San Clemente Homes Sales


San Clemente Real Estate Cycles


During a slow economic time, fewer people are buying homes in the San Clemente market. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.

During sellers' markets, San Clemente real estate sells quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, San Clemente real estate may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.


San Clemente. How Much Should You Offer?


Comparable sales figures is a good guide for homeowners who are pricing their San Clemente and a good guide for prospective buyers. Make sure you compare homes that are similar to the one your are considering...the same neighborhood, the same size, the same condition. Also, make sure you compare sales within the past six months.

Ask your REALTOR for a comparison of the list price and sales price of comparable San Clemente sales. This information may give you a trend and a guideline for your offer. For example, maybe homes in the area have consistently listed for more than they actually sold for. If that is the case, find out what percentage of reduction occurred. Use this information as a basis for your offer.


Bitten by the San Clemente Home Improvement Bug?


Unless money simply isn’t an issue, the financial implications of remodeling are definitely something to consider. When it comes time to sell your San Clemente home, the new buyer will usually not pay for over-improvements. This means that if you have the smallest home in an area of larger, more expensive homes, home improvements may make very good financial sense. However, if you already have the largest, most expensive home in San Clemente, more improvements may make you more comfortable but may not bring you a good financial return. You may find that it is financially wiser to sell and move to a different home that already has the features you want to add.

Buying San Clemente Below Market


Isn’t that everyone’s dream? I hear it from prospective buyers almost every day and many of them want to find the perfect San Clemente home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.

Now the idea that you can simply decide one day to go house hunting and find just the San Clemente real estate you want priced way under market is pushing your luck. But if you take advantage of some of today’s Internet technology, do your homework and bide your time, you might find just what you are looking for. First let’s look at the technology.


Choosing Your San Clemente Neighborhood


You’ve probably heard about the three major determinants of San Clemente values are: 1) location, 2) location and 3) location. This is not only true about real estate in San Clemente; it is true about real estate in general. If you cannot afford what you want where you want it, give up something inside the house rather than settling on a lesser location.


The Benefits of Selling San Clemente


If your San Clemente holdings consist of both a personal residence and a rental, you can sell your personal residence and exclude up to $250,000 ($500,000 for a married couple) on the gain. Then you move into your rental, live in it as your personal residence for two years and then sell it, again benefiting from the $250,000 or $500,000 exclusion. This is true even though most or all of the increase in value occurred before you converted the property to your personal residence.