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Robert Foust |North Orange County | Fullerton Real Estate | Brea Real Estate

La Habra real estate - two very special neighborhoods

In the city of La Habra you can find a vast array of homes and neighborhoods. Two of my favorite neighborhoods are North Hills and Country Hills. They are on opposite sides of town, and both have home sites in the hills as well as on the flatlands. Both communities are very well maintained and show high levels of pride of ownership. La Habra real estateofferings provide many features and benefits for all ranges of buyers, but these two are predominately for move-up buyers or those with significant down payments. Homes for sale in La Habra can be a very good investment of the byers time.

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

Bank Owned real estate sales - another step toward fairness for buyers

AB 957 will ensure that home buyers can use local escrow services to provide better service at lesser cost in the purchase of Bank Owned houses.

It is about time that the banks were forced to do what they should have been doing anyway. From now on, REO sales will not be forced to use the bank hand-picked services (and service is not what they are about). We are talking about escrow providers as well as title companies. California "got it right" this time - let the free market, not the banks, pick the best "service" suppliers for real estate transactions.

Why it took so long for legislation to see the light is amazing -- Banks were contracting for the lowest bidders for services, and then everyone else was left to suffer the poor or inferior service. That has all changed now -- life will be a little bit easier and way more fair.

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.

Thinking of North Orange County homes? -- try thinking La Mirada instead

It may not actually be in North Orange County, but La Mirada is a compelling choice for those searching for the Orange County experience. La Mirada real estate and neighborhoods are every bit as nice as the mainstream North Orange County real estate. La Mirada also provides good schools, clean public parks, and upscale cultural activities. For example -- the La Mirada Theatre is famous for top notch entertainers and many Broadway musicals. Also the homes near BIOLA College are well designed, well cared for, and very desirable. Take a look at La Mirada - you will like what you find.

Looking for these homes can be easily done at North Orange County real estate or at La Mirada real estate.

Fullerton REO (bank owned) homes - still hard to find - selling fast

If we use Fullerton real estate as any gage at all, then REO (bank owned) homes are still very hard to find. At this moment there are on 14 of them in all of Fullerton. These are single family homes, not condos. Of these, 9 are priced under $400,000, which is to say that the low end of the market has more available than any other segment. We are sure this is due to the mortgage defaulting situation of lower income families - but this is also where the "bargain hunters" are shopping. Homes in this range move very quickly, thus creating the "hard to find" situation.

Looking for these homes can be easily done at North Orange County real estate or at Fullerton real estate.

Buyers Alert - Cancelling escrow is not free

I suspect many buyers believe that they can cancel an escrow and not lose any money. Not 100% true. Some escrows in North Orange County real estate have a cancellation fee, plus some out of pocket costs that escrow has to pay will be allocated to the buyer. Even the sellers cost of HOA documentation fees will be paid out of the deposit of the buyer (only until either another escrow is open on the property or the seller brings in some money to escrow). This will surprise many people. But remember, the only money in the escrow to pre-pay HOA document fee is the buyers money - until escrow closes of course. So be alert Buyers - you may not get all of your deposit back. (At least right away)