Mission Viejo, CA

Fourth of July Street Faire & Fireworks Spectacular

Saturday, July 4 12:00p to 9:30p at Olympiad Road between Marguerite Parkway and Melinda Road, Mission Viejo, CA

Held yearly on Olympiad Road and in the area adjoining Lake Mission Viejo, this Faire provides a classic Fourth of July celebration for the city of Mission Viejo. Rides and games enhance an exciting carnival atmosphere for all ages. Local clubs and organizations are invited to set up booths for food, drink, crafts, gifts and games. read more

Price: Free admission. Phone: (949) 830-7066 Age Suitability: All Ages Tags: fireworks, july 4th, mission viejo, summer09

Held yearly on Olympiad Road and in the area adjoining Lake Mission Viejo, this Faire provides a classic Fourth of July celebration for the city of Mission Viejo. Rides and games enhance an exciting carnival atmosphere for all ages. Local clubs and organizations are invited to set up booths for food, drink, crafts, gifts and games. These booths act as fund raisers for the participating organizations and help make the Faire more enticing to visitors. Free entertainment includes music, dance and comedy for the enjoyment of children and adults alike, with performers drawn from local talent as well as professionals from outside the area. As would be expected for a Fourth of July Faire, the event climaxes at dusk in a spectacular fireworks display.

A free shuttle operates from 1:00 p.m. until 8:00 p.m. surrounding Lake Mission Viejo.

Please - no pets, skateboards, roller blades, wheelies, bicycles or barbeque grills.

Event Website Categories: Community, Fairs & Festivals Creator: OC Register

Creator: OC Register

This is a reblog and I apologize to those who have read it before. To those who haven't read it, it contains helpful information.

Bridging the price gap between home buyers and sellers can be a challenge in today's market. Sellers, many of whom have a hard time accepting that their home has lost value, often expect to sell for more than buyers are willing to pay.

Buyers, on the other hand, are concerned that home prices could drop further. So, they're making sure that they don't overpay.

There are exceptions to the rule. Very desirable homes in the best locations sometimes sell for over the asking price, particularly if there isn't much inventory of similar homes on the market. Some foreclosure properties at bargain prices are attracting multiple offers. Prices are rising in select areas. Overall, however, it's a still a buyer's market in most parts of the country.

There's not much you can do to convince an unrealistic seller that he should accept your market-price offer. Many of the listings on the market belong to sellers who will sell only if they get a certain price. They may not be able to sell for less because of the size of the mortgage(s) secured against the property. In some cases, sellers bought at the peak and then improved the property. They can't bear to take the loss they would incur if they sold at market price. In other words, these sellers would like to sell, but they won't sell unless they get their price.

Before you make an offer on a listing that's priced over market, try to find out as much as possible about the sellers' motivation, and if there's any flexibility in their price. A lot of time and emotional energy goes into making an offer. Save your efforts for listings where the sellers are motivated. That is, they don't just want to sell -- they need to sell.

Some sellers want to test the waters at a price that's higher than the market will support. They usually feel that someone will appreciate the added value their home offers and pay more for it. However, these sellers will often negotiate with a legitimate buyer who offers a price that is less than the list price.

HOUSE HUNTING TIP: To put yourself in the best negotiating position, make sure that your financing is in order and that you are able to show the seller that you are capable of closing the deal. The fallout ratio is high in the current market. Many of these transactions fail to close because the buyers couldn't get financing.

It's always a good idea to be pre-approved for the financing you'll need to buy a home before you make an offer. Pre-approval involves making a formal loan application, having your credit checked, as well as verifying your funds for down payment and closing costs, and validating your income and employment. Lenders often want to know that you have enough surplus cash to make house payments (mortgage, property taxes and insurance) for two to three months.

Buyers who make an initial low offer and who aren't in competition should make as clean an offer as possible. This means omitting anything that's not necessary. However, you should include contingencies for loan and appraisal approval and an inspection contingency.

It's a good idea to include a copy of your -pre-approved letter with your offer. If you are approved for a higher price than you are offering, ask your lender or mortgage broker to issue a pre-approval letter for the price you're offering.

THE CLOSING: Then be prepared to negotiate. It may take several rounds of counter offering back and forth to reach a mutually acceptable price.

(4) DON'T Wait much longer to get into the Real Estate Market

Your agent should show you everything available that meets your requirements. Don't make a decision on a house until you feel that you've seen enough to pick the best one. Go to the Multiple Listing computer with your agent to make sure that you are getting a COMPLETE list or connect to a service like Listingbook, available on my website that allows you to set your criteria. In late 2004 and early 2005, homes were selling quickly, usually a few days after listing. In that kind of market, agents advised their clients to make an offer ON THE SPOT if they liked the house. That was good advice at the time and it is again. Today's urgency is, if you are on the low end of the market. Inventory is extremely low for this time of year. We are 30% lower this year compared to other years. Just getting an offer excepted is going to take months because there are multiple offers on properties.

Before you know it, it will be November and your chance to get the $8,000 first time Buyers Tax Credit will be gone! You have to CLOSE escrow before Nov. 30^th .

Don't forget to check into the SCHOOL DISTRICTS of the area you're considering. Information is available on every school; such as class sizes, % of students that go on to college, SAT scores, etc. You can get this information from your agent, directly from the schools or from sites available though the state!

View all the Mission Viejo Foreclosures. Search addresses, map the properties, view pictures and virtual tours. No cost with easy registration. Updated every 4 hours.

Where is the market going for S. Orange County? What can we read into the Statistics?

I have been doing a report each month since Feb 19^th, showing how many detached houses were available each month in Mission Viejo, breaking them down into; number of defaults, short sale, REOs and equity sellers.

Detached houses available

February Total 216 available, equity sellers = 57.6%

March Total 214 available, equity sellers = 57.9%

April Total 205 available, equity sellers = 62.9%

May Total 189 available, equity sellers = 66.6%

June Total 169 available, equity sellers = 70.4%

Inventory is down 21.8% since 2/19/09. Equity sellers are increasing in their percentage of the market share, going from 57.6% to a total of 70.4%. This shows that some sellers, who are not distressed sellers, aren't afraid to put their properties on the market.

Houses are not on the market as long and prices are holding at this time in this area of California. We haven't seen an over all decline in price for months now.