Fullerton, CA

At last there is some light at the end of the tunnel for the mid-range homes for sale in Fullerton, as well as many other cities around the country. Fullerton real estate has been plagued with the lack of buyers above the entry level (bargain basement) category. But now the new tax credit for move up buyers may change all of that. The new law encourages the move up by allowing a tax credit of up to $6500 for purchases of move up homes as long as the price does not exceed $800,000. The income limits have also been raised to $125,000 for single and $225,000 for joint participants. Also in order to qualify the buyer must have lived in their current house for 5 of the last 8 years. If this incentive works, then the move up market can improve and it will also bring some more entry level homes into the market. Sounds like a Win-Win to me.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.

The City of Fullerton is a beautiful city in Orange County with lots of things to do and see. Today, I would like to introduce you to Laguna Lake, an absolutely gorgeous area within the highly desirable Sunny Hills neighborhood. Great for a little stroll or to bring the kids to see some local wild life or for fishing.

If you are interested in living in this beautiful area, there are currently a total of 9 Listings in the immediate proximity of Laguna Lake (about a 0.5 mile radius). Properties in this area range from $849,000 (4 bed, 2 bath, 2157sqft living space, 20,286sqft lot) to $3,790,000 (Custom Mansion, 6 bed, 6.5 bath, 7,070sqft living space, 23,010 lot, private pool & spa).

I hope you will enjoy the photos!

Parking and Picnic area.

I hope you enjoyed my little photo tour of Laguna Lake, Fullerton, CA.

Sincerely,
Stephanie Frymyer
DRE#01390458
www.SereneFoundations.com
http://serenefoundations.listingbook.com/

I know that this will seem apparent, but it is often overlooked. If trying to buy a home for sale in Fullerton, or any other city for that matter, the buyer has to watch the price very carefully. Now I am not talking about value, but rather about the negotiation and getting them to accept your offer, instead of one from someone else. It may seem crazy, but do not bid an even or round number. Just bump the bid up by $1,000. For example if you want to bid $375,000 for a home, stop and think - will someone else likely pick that same number? Set yourself apart from the crowd by bidding $376,000 instead. I have seen just one thousand dollars make a distinguishing difference to the Seller, in effect they just say "give it to the high bidder". Especially in these days where many people want the same nice home, a minor price difference can get your offer selected (and what is the downside - nothing). Give it a try - no harm, no foul.

We have seen this happen in Fullerton real estate two times in the last two months, it works.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.

If the current tax credit for first time buyers is extended and modified as is now proposed, then move up buyers will get a $6500 tax credit also. Fullerton real estate could get a real boost from this new twist - the current proposal not only allows for move up buyer to participate, but also increases the current limit on income. Being considered now is a plan to let income go up to $250,000 (for joint filling) or $125,000 (for single filing). Also required is the criteria that the buyer has to have lived in their current home for 5 of the last 8 years. Homes for sale in Fullerton would then get a boost, which has not been seen in the current wake of the existing tax credit. The current tax credit targeted the first time home buyer, and therfore excluded the mid range homes typically desired by the move up buyers. If this all passes then the real estate market will get a shot in the arm.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.

No matter what level of home that is for sale, it now appears that the good ones are bid up above list price. Fullerton real estate is undergoing a real unique period, now the higher end homes for sale are getting multiple bids in two days. We just experienced that for a home in Fullerton that had nine offers in the first three days, the listing agent then gave us all a second chance to offer "Best and Highest" in order to pick the winner. WOW -- we have seen this at the low ball - bargains - but not at the upper levels custom, premium homes. All we can say is WOW, what happened to the buyers market.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.