Kelly Turbeville - Real Estate Possibilities in the Saddleback Valley

As I speak with buyer’s, I am often asked “Where are the Deals” and after a long discussion of what they are looking for and what constitutes a deal, I often feel a bit sad as I see they don’t see the deal right in front of them.

I am intent on getting this information out there for buyer’s as there are some amazing home buys on the market in South Orange County and this window of opportunity is not going to last forever!

Kelly’s Picks for Best Deal In Portola Hills!

• A perfect Starter or Rental: Includes 1 bed plus a loft with an attached garage. Priced at $259,000. Yes, $259k in South Orange County.
• Great Floorplan: Includes 3 bed/3 bath/2 car garage with wood floors, stainless steal appliances and a perfect sized yard for entertaining. Priced at $429,900! / sold comparables are $490k
• Lovely Paired Homed: Includes 3 bed/3 bath/Loft plus den. Floorplan is light and bright at 2100 sq. ft and priced at $535,000. Sold comps are $580k
• Simply it’s a Steal!: 5 bedrooms, 4 baths (yes, 4 baths),2800 sq.ft., large open family room and kitchen with a formal living and dining room. The home includes a nice yard, with slate, spa and ready for a built in BBQ. Price $689k. Sold comps are over $800k

Kelly has picked these homes as best buy’s after looking at the following: Below Market Price, Location, Conditions, Negotiability and Potential Rental Factor. Remember, the key to getting the deal is reacting!

Should you like detailed information on any of these properties, call Kelly Today!

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, Its Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.

Did you know, there are several organizations that offer Orange County residents Down Payment Assistance for home purchases? It's true; it just takes a little homework and aligning yourself with a Realtor® and Mortgage Broker who understand the details.

With the tightening mortgage guidelines these days and the availability of low down mortgages; some good news is needed and this is great news for those considering purchasing their first home but is also limited on the necessary funds it takes to get into a home.

Now if you have read any of my other articles you know my motto is "It's Possible!" because I want home buyers and sellers to understand their dreams are possible. I am happy to note two very important programs were released this month to help home buyers. First, new FHA limits were raised nationally and with this program qualified home buyers in Orange County can purchase up to $729k with 3% down (yeah). In addition, the proposed ruling from the U.S. Department of Housing and Urban Development (HUD) to ban private down payment assistance was permanently set aside.

Utilizing these two programs together is a great step forward towards helping home buyers with their homeownership dreams. Now each of the programs is different and have specific terms and conditions, it is imperative any buyer to complete their due diligence, but with a little patients there is some help out there. Remember, It's Possible!

Here is a listing four programs available.

• Affordable-Housing.org
• The Nehemiah Program
• PartnersinCharity.org
• AmeriDream.org

Home Sellers, if you want to expand your buyer pool and help a potential buyer with the purchase of your new home, offering a down payment assistance program may be just the ticket. Check with your Realtor(R) on how this can benefit the sell of your home.

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Kelly understands First Time buyers have it difficult these days when trying to qualify for a home, but also realizes the dream of owning a home is important in establishing financial success. It is her goal to help you navigate the process, understand what help is out there and ensure you are on the right path. Trust, Kelly is committed to making it happen. Her biggest blessing comes from the smile on your face when you receive the keys to your new home. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.

Don't you just love when you read something good about the area you live in. Recently as I was reading up on the internet, I came across this article and want to share so those Home Buyers looking to move into the area have a little more information.

In a recent article, Danielle Babb with Entrepeneur.com names the city of Mission Viejo one of the top four places to buy. Danielle notes "Mission Viejo has lowest crime statistics in the nation; this is a good place to raise a family. Prices are relatively stable and the job market in Irvine and San Diego is good with consistent demand for job seekers".

In addition, Danielle notes in her column that the following economic fundamentals should be considered before buyer. "Is job growth stable in the area? Is income up with inflation? Is crime above the national average? Is there a higher-than-average rate of foreclosures?" All sound advice when you are considering buying a home or investment property.

Personally Mission Viejo is one of my favorite South Orange County cities as it offers just about everything a person would ever want, beautifully maintained, a wonderful place to raise kids, with numerous parks, the Lake, plenty of outdoor activities, nice restaurants and good shopping. But it is also great for those singles that are looking for a new home that is a great value, safe and close to nightlife, etc.

The variety of housing available is unsurpassed with Condominium starting in the low $200's to Estate Properties priced up to $5 million.

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she's helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.

Its spring in Lake Forest and what a beautiful time of year it is in the city with lot's of things happening. So make sure to get out and explore our community.

When was the last time you had a picnic in the park? Did you know Lake Forest has 27 public parks and direct access to Whiting Ranch from both Foothill Ranch and Portola Hills which offers acres of trails for hiking and mountain biking and vista's for miles.

Or maybe plan to stop in and listen to some wonderful music. The city is hosting a new spring concert along with El Toro High School on May 18 at Pittsford Park. The event will include performances by the High School String Orchestra, Symphonic Band, Wind Ensemble and of course the Jazz Band.

On March 15^th the Easter Bunny will be hopping in the neighborhood for the annual Bunny Blast. There will be entertainment, activities, pony rides and great food. And of course the Bunny! This event is open to all ages and is free! Sat Mar 15 -11:00-2:00 pm. For more information, call SVUSD at 768-0981 ext 3.

Of course, let's not forget the new Arbor Center which offers great shopping and restaurants. There are plenty of gathering areas and spots for outdoor dining.

So as the days get longer and we shed off the winter cool remember Lake Forest offers some wonderful outdoor adventures for everyone to enjoy.

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she's helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!

The above information is provided as a courtesy and is deemed reliable but not guaranteed.

There is a silver lining in the current Real Estate market that is starting to peak through the clouds. If you have ever thought about taking the steps to become a Real Estate Investor there are some excellent opportunities currently available in South Orange County that have not been available for years. Below is a simplistic, real estate investment example for the first time investor.

Assume you are purchasing a 2 bed/2 bath condo in Rancho Santa Margarita (yes, at the time of publishing this home is available) at $241,000 and you have 20% to put down and you will be utilizing a 30 yr. fixed at 6.5%

• Sales price = $241,000
• Down Payment = $48,000
• Loan Amount = $192,800

Estimated Total Monthly House Payment

• Principle & Interest = $1, 218, 63
• Taxes = $255.00
• HOA Fees = $256.00
• Total = $1,729.63

Rental Factor:

• Estimated Monthly Rent = $1350.00
• Estimated Negative Cash Flow = ($330)
• Appreciation Factor 5% x 5 years - Sale price of $309,300

Profit Scenario:

• $309,300 Estimated Sales Price
• $(21,650) Estimated cost of sale at 7%
• $287,650 Net Proceeds
• $(180,480) Estimated Loan Pay-off
• $107,170 Net Sale Proceeds before Taxes
• $(6,275) Estimated Capital Gains tax at $15%*
• $100,895 Net Cash Out
• ($53,200) Cash Investment - $48,200 Down + $4820 Closing Cost
• $47,875 Net Profit

Return: Divided by $53,200 Cash in - 90.3%

Annualized Rate of Return: $53,020/5 = 18.1%

You may be thinking not in this market when it comes to appreciation but let's not forget historically what percentage homes have appreciated at. In Orange County, for the last 39 years the average appreciation has been over 7%. Of course some years are better then others, but when you are considering getting into real estate investment you want to buy low and that opportunity has not been available in the county for the past few years.

More importantly if you want to become a true investor then there is one characterastic that you must have and that is Patients. When you look out five years the picture is totally vs. focusing on the immediate return. You must remember Real Estate is a value asset, which allows an investor to invest little (down payment) yet your return builds based on the value of the property.

Now there are several other aspects of investing in real estate that can even make this more attractive, which include additional tax write offs, deprecation, etc and we went fairly conservatively with the loan amounts and rental figures above. Our goal here is to provide you with a simplistic view of what to consider. A prudent investor should independently verify the data and proceed only after consulting an attorney, accountant or financial planner of the buyer's choice.

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she's helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!

The above information is provided as a courtesy and is deemed reliable but not guaranteed.