Ryan Smith

Are you looking to buy in Murrieta, CA or Temecula, CA but find that you’re priced out of the market? You love these cities and area and really want to own here, but you can’t afford it. You may want to consider looking in French Valley or Winchester, zip code 92596. French Valley is a community within Winchester and offers a great value! There is even a small municipal airport here….French Valley Airport. You are just minutes from Murrieta, CA and Temecula, CA.

Most of this area is part of the distinguished Temecula Valley Unified School district. I can honestly say that I love this school district. As a parent of four kids (3 of them school age) this is very important to me. My oldest has been through the elementary school (French Valley Elementary), middle school (Bella Vista Middle School) and is now a proud Puma (Chaparral High School). All of these schools are part of Temecula Unified School district.

Here are some Real Estate facts for French Valley/Winchester, CA (zip code 92596):

There are currently 158 “Active” homes for sale.

The minimum listing price is $170,000.

The maximum listing price is $1.25 mil.

The average listing price is $268,284.

The average home in zip code 92596 has 4 bedrooms and 3 bathrooms.

The average square footage of a home in French Valley, Winchester, CA is 2,650.

The average time on the market is just over 3 months (this is due to the number of short sales that have sold in this area).

Let me know if you would like to learn more about the opportunity that awaits you in French Valley/Winchester, CA (zip code 92596).

This is Ryan Smith from Temecula, CA signing off until next time……….

The other day I wrote about the San Diego Chargers losing again and the real estate market for Lake Elsinore, CA (zip code 92532). I said there were currently 217 homes for sale in this area. What I didn’t do was breakdown that number into categories: Standard Sales, Bank Owned (REOs) and Short Sales.

Is it really a surprise that 56% of the market in Lake Elsinore, CA (zip code 92532) is dominated by Short Sale listings? Short Sales represent 122 of the 217 “Active” homes for sale.

Bank owned (REOs) homes came in with the second highest number….50 “Active” listings or 23% of the marketplace.

Standard sales came in third, with only 38 “Active” listings or 18% of the real estate market for Lake Elsinore, CA (zip code 92532).

3% of the homes for sale didn’t classify their Sales Type or Category.

Why are these numbers important? If you’re looking to buy a home in 92532 then you better be prepared to view a lot of Short Sales. Short Sales will close escrow, they just take longer than Standard Sales and Bank owned (REOs) homes. You can get lucky and find an approved Short Sale and close escrow within 30 to 60 days and some lenders have sped up the Short Sale process. Bottom-line: don’t be discouraged by Short Sales, as long as you’re working with a knowledgeable and experienced agent you should be in good hands. The one caveat, the listing agent or the person negotiating the Short Sale can make or break a deal. Have your agent do their homework and find out the success rate of the listing agent and/or negotiator. This may head off any issues before you start the process.

This is Ryan Smith from Temecula, CA signing off until next time…………………

While watching the San Diego Chargers get beat by the Rams yesterday, I had to shy away from the TV and do something else. I decided to research some real estate facts for Lake Elsinore, CA and more specifically zip code 92532.

Currently there are 218 “Active” homes for sale; “Active” meaning they are still on the market and accepting offers. The least expensive home for sale is priced at $51,990 with the most expensive at $495,000. The average list price for Lake Elsinore, CA (zip code 92532) is $223,024. Not too bad considering on average this will get you 4 bedrooms and 3 bathrooms!

With these low prices combined with record low interest rates, it’s a no brainer if you’re looking to buy in Lake Elsinore, CA (zip code 92532) or really anywhere else in CA. CA real estate is on sale!

Using the average list price from above, your down payment with FHA financing would be 3.5% of the sales price which equals $7,805. Your monthly payment including property taxes, private mortgage insurance and homeowner’s insurance will be $1,535.37. Not bad, considering for the price of rent you can own.

Contact me if you’re interested in learning more about the real estate opportunities in Lake Elsinore, CA.

This is Ryan Smith from Temecula, CA singing off until next time……

*The information above is deemed reliable and correct. The housing numbers were gathered from our local Multiple Listing Service (MLS) on 10/17/2010. The rate used to figure the monthly mortgage payment was 4.375%. This rate is not guaranteed, please consult with a mortgage professional. The monthly payment may increase if there is a Home Owners Association fee and depending on the tax rate. Please consult with a Realtor for more information.

Are you looking for a home on a large lot (10,000+ square feet) in Temecula (92590, 92591, 92592) CA or know someone who is? If so, you’re in luck. According to our local Multiple Listing Service (MLS), there are currently 44 homes for sale in Temecula, CA with a minimum lot size of 10,000 square feet. The really good news…all 44 homes for sale are under $400,000! The least expensive option is $189,000. They range from 3 to 6 bedrooms and 2 to 4 bathrooms.

If you would like to learn more about the real estate opportunities in Temecula (92590, 92591, 92592) CA, you can contact me via email (ryan@yourrealtorryan.com) or cell (951.595.7490). I will be more than happy to tell you all about this wonderful city and the great school district.

This is Ryan Smith from Temecula, CA signing off until next time………

What are CC and R’s and Bylaws?

Covenants, conditions and restrictions, or more commonly referred to as CC and R’s, along with Bylaws are the rules and regulations of a community.

How do CC & R’s and Bylaws affect me and my home?

It’s important to understand and know that CC and R’s and Bylaws may be written in a manner which restrict not only your homes use, but also may restrict the owner’s lifestyle. For example, they may dictate hours in which you can entertain and host parties or limit the size and quantity of pets you own.

When purchasing a home, it is highly recommended that you thoroughly examine and understand the Covenants, conditions, restrictions and Bylaws of your community. You will be required to sign a form stating that you have read and understand these forms.

I will cover which types of homes/properties are subject to CC and R’s and Bylaws in an upcoming post. It’s important to note not all homes will be governed by CC and R’s and Bylaws.

This is Ryan Smith from Temecula, CA signing off until next time…….