Larry Weichman On Orange County California Real Estate

It Takes Money To Save Money!

Larry@TeamWeichman.com (Larry Weichman) — Mon, 23 Jun 2008 22:50:26 GMT

IT TAKES MONEY TO SAVE MONEY!

Okay, you've found the home of your dreams. You've determined how much you can afford because you've already been pre-approved by your lender, and your offer has been accepted. But wait. If you're financing the purchase, like almost everyone does, you'll actually be paying more than the final sale price of the home.

Many buyers don't stop to think about how much they'll really be paying for their home by the time they've reached the final payment. It's worth considering, and it makes it evident that you should shop around and get the best loan terms possible.

Be sure to discuss your options with a trusted local real estate agent, who can provide mortgage information, illustrate different financing options, and even recommend lenders suited to your needs. With literally hundreds, if not thousands, of options available, it's helpful to begin with the basic facts to help you whittle down your choices.

Determine how much is available for a down payment. If you're putting up less than 20%, you'll need a guarantee that often comes in the form of PMI (private mortgage insurance). This will add to the overall cost of your loan, at least until you've paid off a significant percentage.

Again, discuss your loan options with your real estate agent before you make any offers, in order to avoid unpleasant delays and unexpected expenses.

Larry Weichman is President/ Broker for Costa Mesa based Weichman Realtors. His company has served Costa Mesa since 1976. Please direct your questions to Larry@TeamWeichman.com or call 714-241-4532. You may also visit www.TeamWeichman.com, www.OCHomeTracker.com, www.OCRepoBroker.com.

Get Serious!

Larry@TeamWeichman.com (Larry Weichman) — Fri, 20 Jun 2008 12:00:47 GMT

GET SERIOUS!

Familiar with the law of supply and demand? In real estate right now, it may seem like the supply of homes for sale is much greater than the numbers of buyers demanding those homes, forcing prices down and decreasing activity. But what's really in shortage may be serious, legitimate sellers.

A committed seller is willing and able to accept the best offer in the current market, and be motivated to do so. Receiving a fair offer is inextricably connected to pricing your home fairly. The best way to arrive at an attractive price is to aggressively challenge the competition. Using past prices, your investment in the home, or even appraisals may not produce the ideal value factor for your home.

If you're serious about selling, let an agent describe to you how an appropriately priced and aggressively marketed home will always generate interest and offers, and will ultimately sell for exactly what it's worth in the current market. All other factors being equal, a home that languishes on the market is simply overpriced, and a seller willing to wait for more than fair price would be better served by waiting until the market catches up before entering the fray.

Remember this Golden Rule: There is a buyer for everything. Any home can be sold in any market when proper pricing is combined with effective marketing.

Knowledge Is Power!

Larry@TeamWeichman.com (Larry Weichman) — Mon, 09 Jun 2008 15:49:02 GMT

KNOWLEDGE IS POWER!

You know that real estate agents help you to move. Did you know that agents can also help you stay where you are? This has become quite an issue in light of the recent rise in loan defaults. Real estate agents provide critical information and a link between lenders and buyers.

Subprime loans, in and of themselves, are not bad. They provide financing for substantial numbers of people who cannot otherwise qualify under standard lending practices. However, buyers must be informed and realistic about what terms they can actually afford to accept.

No one - not banks, not agents, not homeowners - sees foreclosure as an acceptable option. It hurts everyone, including the communities where vacancies lead to declining prices. This is where a trusted local real estate professional can provide assistance.

Real estate agents are advocates for smart lending practices, and they stay in touch with local lenders. Agents also work with state and local governments, as well as local non-profit organizations that can help homeowners facing trouble meeting their mortgage payments.

Perhaps most importantly, realty professionals work closely with buyers to educate them about resources and options. This helps homeowners and prospective buyers keep their homes and build their equity. The key to it all is education and reason, and a strong desire to preserve the quality of our lives and our communities.

Country Club A Local Gem

Larry@TeamWeichman.com (Larry Weichman) — Wed, 04 Jun 2008 20:15:45 GMT

Country club a local gem

Article is reprinted courtesy of Jim Righeimer, first appeared in the DailyPilot.com on May 30,2008

By JIM RIGHEIMER

Updated: Friday, May 30, 2008 10:08 PM PDT

Every community has hidden gems. Whether it’s a locals-only restaurant, a small park or community event, they are what make every community special.

Usually they are small and out-of-the-way places. In this case, the hidden gem may be out-of-the-way, but at more than 100 acres it is not small. What I am talking about is the Mesa Verde Country Club, which turns 50 this January.

Many of the non-golfers in the community confuse it with Costa Mesa Country Club, which is off of Mesa Verde East but just south of Adams Avenue. Mesa Verde Country Club is north of Adams just off Mesa Verde West. You can understand the confusion.

The land where the golf course sits was sold in 1956 to investor Adolph Sleceta, who planned to work with the developers Ray Watt and Walter Gaynor to build more housing in Mesa Verde.

Due to terrain and utility issues, however, they could not build homes. They instead decided to fund construction of a golf course and clubhouse. Not so good for them, but lucky for us.

Over the years, the club passed though several corporate owners until 1975 when the members bought it from Japan Golf Promotion for a whopping $2.1 million. Today, even in a down market, many of the homes on the course sell for more than that.

The golf course has a very rich history. It has been home to many PGA and LPGA tournaments. It hosted the first Orange County Open, a PGA Tour event in 1959 and continued that event until 1962. Starting in 1979 it hosted LPGA tour events for six consecutive years.

This club rates high among golfers. Steve Rhorer, club vice president, avid golfer and Mesa Verde resident, joined in 2000. Prior to that, he had been a longtime member of the Virginia Country Club in Long Beach.

“I have played every private course in the county and from a pure golfing standpoint; this course is second to none,” he told me. “You will use every club in your bag, and with the tree-lined fairways, you better be accurate.”

More than 600 local families are associated with the club as golf, tennis or social members. Seventy percent of the families used to be from Costa Mesa. Now it is composed of almost equal parts Costa Mesa, Newport Beach and Huntington Beach residents.

I talked with past board member Pete Daley, who joined in 1977. Daley, now residing in Aliso Viejo, lived on the bird streets for more than 20 years. He told me it is a very family-friendly club.

“Our three kids went through all the swimming and tennis programs,” he said. “The club played a big role throughout their youth.”

For the past 50 years, Mesa Verde Country Club has been one of those hidden gems that make up Costa Mesa and Newport Beach. It has not just been a place to play golf and tennis, but a place that makes you part of a community. It is where your kids learn how to swim and where you make friendships that last a lifetime.

READY FOR SOME GOOD NEWS?

Larry@TeamWeichman.com (Larry Weichman) — Wed, 28 May 2008 21:47:20 GMT

READY FOR SOME GOOD NEWS?

Some financial experts have labeled 2007's market as the "roulette economy." As we all know, whatever goes up must come down, but the nice thing about real estate is that whatever goes down always comes back upward again (much like stocks work).

A healthier market is anticipated in 2008, as Wall Street cleans up the lending mess and the pressure cooker of home demand releases its top. While the national average of home prices declined between one and two percent in 2007, that's peanuts compared to how much homes appreciated in the previous years. And many markets are appreciating still.

Keep in mind that "national" statistics for real estate mean about as much as a forecasted high temperature for the entire nation. Consumers get skittish when they hear that 40% of foreclosures are due to doubtful subprime loans, but it's important to put that in perspective, because those loans only constitute about 10% of all mortgages.

As the lending industry stabilizes and interest rates rise only slightly, buyers who are ready to purchase will discover that housing is still the best investment out there. Ask a real estate agent to monitor new listings, selling times and final sales prices, and then to advise you when conditions are right to either buy or sell. 2008 should be a year of opportunity in the real estate industry.

CLICK HERE to view our listings

Costa Mesa Wine and Food Tasting is coming June 2008

Larry@TeamWeichman.com (Larry Weichman) — Thu, 15 May 2008 13:17:39 GMT

2008 CM900 Wine & Food Tasting

1:00 p.m. – 4:00 p.m., Sunday, June 8, 2008

South Coast Plaza Village Green

1631 Sunflower Ave., Santa Ana

(corner of Sunflower & Bear St.)

Featuring

A selection of domestic and imported fine wine labels and

A taste of South Coast Metro’s best restaurants

Entertainment Live and Silent Auctions

Raffle

Mauna Lani Resort, Hawaii, 3-master suite House for 7 nights

compliments of Orange County Market Place

Event Price: $75 per person Raffle Price: $25 per entry

Proceeds will benefit Assistance League Newport-Mesa

Serving children throughout the community for over 60 years.

www.alnm.org

IT TAKES TWO TO HARMONIZE!

Larry@TeamWeichman.com (Larry Weichman) — Wed, 14 May 2008 07:19:16 GMT

IT TAKES TWO TO HARMONIZE!

Whether you are buying a home or selling one, it is likely that once an Offer To Purchase is on the table, you'll enter a phase of the transaction called Negotiation. Fear not - this is how both sides "win." By following a few reasonable recommendations, both parties can turn Negotiation into Agreement.

It's best to begin with a fair asking price and a fair offer. Sellers, don't shoot for the moon. Buyers, don't lowball on a home you really want. Overpricing is a turnoff to potential buyers, while low offers may meet with outright rejection.

Next, understand and respect each other's priorities. Seller won't budge on price? Perhaps they would pay more of the transaction fees. Buyer urgently needs quick possession? Perhaps they would forgo some repairs.

This illustrates the value of compromise. A win-win situation doesn't necessarily mean that both parties get everything they demand. Avoid emotional decisions and be open to concessions. If you can't agree on a particular term, try meeting in the middle. Who will pay closing costs? Who will pay for cosmetic repairs? You needn't hold up the entire agreement when you can simply split the difference on certain terms and move forward.

Experienced real estate professionals are successful negotiators. Bringing buyers and sellers together is Job Number One. Protect your best interests by seeking the advice of a professional.

61ST ANNUAL COSTA MESA/NEWPORT HARBOR LIONS CLUB FISH FRY

Larry@TeamWeichman.com (Larry Weichman) — Wed, 07 May 2008 14:25:13 GMT

61ST ANNUAL COSTA MESA/NEWPORT HARBOR LIONS CLUB FISH FRY

61st Annual Costa Mesa/Newport Harbor Lions Club Fish Fry!!! Fish dinners!!!! Stage Shows!!!!!!! Baby Contest!!!!!!!!! Prize Drawing!!!!!!! And so much more! me out for tons of food, fun, games, rides & entertainment on Saturday, May 31 and Sunday June 1. This event will be held at 18th Street & Lions Park - the same location as always!!!!!! Saturday hours are from 11am - 10pm and Sunday from 11am - 9pm. Mark these dates on your calendars now so you don't forget, this event is definitely a local community favorite!

Be sure to come down for the great fish and hamburgers! See you at the event!

Larry Weichman, 714-241-4532. TeamWeichman.com

Know The Difference

Larry@TeamWeichman.com (Larry Weichman) — Fri, 02 May 2008 06:27:05 GMT

KNOW THE DIFFERENCE!

How much home can you afford? How do you even begin to find the answer to that question? You've probably heard terms like "pre-approval" and "pre-qualification" tossed around, but do you understand the critical difference between those two? If your answer is "no," then please read on to avoid major disappointment when you make your offer.

"Pre-qualification" is a fine place to start, but if you're really serious about the time and money you're going to invest in purchasing a home, you'll really want to focus on "pre-approval." Approval, and not just qualification, is secured when you complete and submit a loan application, along with the appropriate documentation and fees.

The lender will review your application and paperwork, and will notify you of just how much financing you can secure. Only then will you have the confidence to make your home choice and make your offer.

A pre-qualification, on the other hand, is more informal, and only an estimate of the funds for which you might qualify after applying for a loan. You might make an offer with pre-qualification in hand, but it's no guarantee that your loan application will be accepted.

The seller's representative will have educated the seller about this critical difference, so make them an offer they can't refuse! Pre-approval puts you in the driver's seat, so get ready to move!

Four Forms of Protection

Larry@TeamWeichman.com (Larry Weichman) — Fri, 25 Apr 2008 06:59:30 GMT

Four Forms of Protection

REALTOR'S CORNER

LARRY WEICHMAN

When you purchase an automobile, what's the first thing you take care of before driving around town? You've got to get insurance, of course. It's no different when you're ready to buy a home, but you have some more options.

First, understand that there are four basic types of insurance, some required, some not. Title insurance protects you in the event that title to the property is found to be in question. You definitely want to purchase title insurance as part of the closing transaction.

Homeowner's insurance provides coverage in cases of theft, damage and liability. Your lender will require this policy, so this is another absolute necessity.

Flood insurance may be required, depending on the location of your new home. The federal government provides this policy to cover replacement value of the home and its contents. Consult with a local real estate agent to determine necessity and restrictions.

Finally, a newer and very popular form of "insurance" is the home warranty, often provided by the seller as peace of mind for the buyer.

These are often one-year policies that cover repairs to systems and appliances, and more details on this are coming up in my next column. In the meantime, consult with a real estate agent if you have any questions or concerns about any of the insurance policies addressed here.

Larry Weichman is president/broker for Costa Mesa-based Weichman Realtors. Contact him at Larry@WeichmanRealtors.com, 714-241-4532 or www.TeamWeichman.com.

Annual Country Day Fair, Costa Mesa, California, April 19, 2008

Larry@TeamWeichman.com (Larry Weichman) — Fri, 04 Apr 2008 07:44:12 GMT

April 1, 2008

Costa Mesa, Orange County, California. Prince of Peace School announces a great day of family fun! The Annual Country Day Fair is happening Saturday, April 19^th, 10am - 3pm in Costa Mesa. Bring the whole family there's something for everyone. Carnival rides, games and prizes, an international food fair, karate demonstration, puppet show, silent auction, live music and more. Admission is free, attraction tickets are available for purchase the day of the fair. So head on down to Prince of Peace School, 2987 Mesa Verde Drive East, Costa Mesa (Corner of Baker and Mesa Verde)!

We invite you to download a copy of our community flyer at www.popcostamesa.com. For more details or to get involved with the Country Fair, contact Karen at countrydayfair@popcostamesa.com

About Prince of Peace

Prince of Peace was established in the early days of offers safe, Christian based Pre- and Elementary school education. Our staff is committed to providing the best care and education for your children. Prince of Peace church services begin every Sunday at 10:00 am. We have fully licensed childcare during our Sunday school and church services. Our Youth Programs on Wednesday Night (6:00pm for Dinner) consist of K-3 and 4th - 6th. We invite you to visit us any Sunday or weekday during office hours.

Prince of Peace Contact:

714-459-0562

Country Day Fair Press Contact:

Karen Ray

countrydayfair@popcostamesa.com

714-360-0345

949-230-6291

New Cell Usage Law Going Into Effect on July 1, 2008

Larry@TeamWeichman.com (Larry Weichman) — Wed, 02 Apr 2008 10:16:28 GMT

Hopefully this will help answer some questions about the cell phone usage coming up in July of 2008!

CONTACT: Fran Clader Media Relations Office

(916) 657-7202 2555 First Avenue

Sacramento, CA 95818

Wireless Telephone Laws FAQs

Two new laws dealing with the use of wireless telephones while driving go into effect July 1, 2008. Below is a list of Frequently Asked Questions concerning these new laws.

Q: When do the new wireless telephone laws take effect?

A: The new laws take effect July 1, 2008

Q: What is the difference between the two laws?

A: The first prohibits all drivers from using a handheld wireless telephone while operating a motor vehicle. (Vehicle Code (VC) §23123). Motorists 18 and over may use a hands-free device. Drivers under the age of 18 may NOT use a wireless telephone or hands-free device while operating a motor vehicle(VC §23124).

Q: What if I need to use my telephone during an emergency, and I do not have a hands- free device?

A: The law allows a driver to use a wireless telephone to make emergency calls to a law enforcement agency, a medical provider, the fire department, or other emergency services agency.

Q: What are the fines if I’m convicted?

A: The base fine for the FIRST offense is $20 and $50 for subsequent convictions. According to the Uniform Bail and Penalty Schedule, with the addition of penalty assessments, a first offense is $76 and a second offense is $190.

Q: Will I receive a point on my drivers license if I’m convicted for a violation of the wireless telephone law?

A: NO. The violation is a reportable offense: however, DMV will not assign a violation point.

Q: Will the conviction appear on my driving record?

A: Yes, but the violation point will not be added.

- more -

Q: Will there be a grace period when motorists will only get a warning?

A: NO. The law becomes in effect on July 1, 2008. Whether a citation is issued is always at the discretion of the officer based upon his or her determination of the most appropriate remedy for the situation.

Q: Are passengers affected by this law?

A: No. This law only applies to the person driving a motor vehicle.

Q: Do these laws apply to out-of-state drivers whose home states do not have such laws?

A: Yes

Q: Can I be pulled over by a law enforcement officer for using my handheld wireless telephone?

A: YES. A law enforcement officer can pull you over just for this infraction.

Q: What if my phone has a push-to-talk feature, can I use that?

A: No. The law does provide an exception for those operating a commercial motor truck or truck tractor (excluding pickups), implements of husbandry, farm vehicle or tow truck, to use a two-way radio operated by a "push-to-talk" feature.

Q: What other exceptions are there?

A: Operators of an authorized emergency vehicle during the course of employment are exempt as are those motorists operating a vehicle on private property

DRIVERS 18 AND OVER

Drivers 18 and over will be allowed to use a hands-free device to talk on their wireless telephone while driving. The following FAQs apply to those motorists 18 and over.

Q: Does the new "hands-free" law prohibit you from dialing a wireless telephone while driving or just talking on it?

A: The new law does not prohibit dialing, but drivers are strongly urged not to dial while driving.

Q: Will it be legal to use a Blue Tooth or other earpiece?

A: Yes, however you cannot have BOTH ears covered.

Q: Does the new hands-free law allow you to use the speaker phone function of your wireless telephone while driving?

A: Yes.

Q: Does the new "hands-free" law allow drivers 18 and over to text page while driving?

A: The law does not specifically prohibit that, but an officer can pull over and issue a citation to a driver of any age if, in the officer’s opinion, the driver was distracted and not operating the vehicle safely. Text paging while driving is unsafe at any speed and is strongly discouraged.

- more -

DRIVERS UNDER 18

Q: Am I allowed to use my wireless telephone hands free?

A: NO. Drivers under the age of 18 may not use a wireless telephone, pager, laptop or any other electronic communication or mobile services device to speak or text while driving in any manner, even hands free. EXCEPTION: Permitted in emergency situations to call police, fire or medical authorities. (VC §23124).

Q: Why is the law stricter for provisional drivers?

A: Statistics show that teen drivers are more likely than older drivers to be involved in crashes because they lack driving experience and tend to take greater risks. Teen drivers are vulnerable to driving distractions such as talking with passengers, eating or drinking, and talking or texting on wireless phones, which increase the chance of getting involved in serious vehicle crashes.

Q: Can my parents give me permission to allow me to use my wireless telephone while driving?

A: NO. The only exception is an emergency situation that requires you to call a law enforcement agency, a health care provider, the fire department or other emergency agency entity.

Q: Does the law apply to me if I’m an emancipated minor?

A: Yes. The restriction applies to all licensed drivers who are under the age of 18.

Q: If I have my parent(s) or someone age 25 years or older in the car with me, may I use my wireless telephone while driving?

A: NO. You may only use your wireless telephone in an emergency situation.

Q: Will the restriction appear on my provisional license?

A: No

Q: May I use the hands-free feature while driving if my car has the feature built in?

A: NO. The law prohibits anyone under the age of 18 from using any type of wireless device while driving, except in an emergency situation.

Q: Can a law enforcement officer stop me for using my hands-free device while driving?

A: No. For drivers under the age of 18, this is considered a SECONDARY violation meaning that a law enforcement officer may cite you for using a hands-free wireless phone if you were pulled over for another violation. However, the prohibition against using a handheld wireless telephone while driving is a PRIMARY violation for which a law enforcement officer can pull you over.

###

Get Ready For Another Postage Rate Increase

Larry@TeamWeichman.com (Larry Weichman) — Tue, 01 Apr 2008 14:12:38 GMT

Get Ready For Another Postage Increase - Forever Stamps Might Be A Good Answer

The U.S. Postal Service has announced today that beginning May 12^th it will cost 1 penny more to mail a one ounce letter First Class. The cost will be 42 cents. The price of the Post Office's Forever stamp will increase to 42 cents. There have been over 5 billion Forever Stamps sold since they became available last April. So, here's your chance to save a penny and buy some of the Forever Stamps at their current rate of 41 cents. The post office is planning to have an additional 5 billion of the 41 cent Forever Stamps available to meet the anticipated sales prior to the May 12 price change.

Hey, this could be your opportunity to do something nice for a friend on May Day. How about buying some booklets of 1 cent stamps to send to friends and family members (especially your senior friends who might not be able to get to the post office easily) to help them use up their 41 cent stamps and save them a trip to the Post Office?

Ready For Some Good News?

Larry@TeamWeichman.com (Larry Weichman) — Tue, 01 Apr 2008 07:38:29 GMT

Ready For Some Good News?

Larry Weichman

TeamWeichman.com

714-241-4532

Larry@TeamWeichman.com

Technorati Profile

Costa Mesa Community Run is Coming April 26, 2008

Larry@TeamWeichman.com (Larry Weichman) — Thu, 20 Mar 2008 20:47:14 GMT

The Inaugural Costa Mesa Community Run presented by The Brian "Bubba" Kapko Foundation is scheduled for Saturday, April 26, 2008! Thanks to the involvement of our community, parents, administration, and alumni of Estancia and Costa Mesa High Schools, TeWinkle Middle School and Costa Mesa Middle School, we will be celebrating the grand opening of the new stadium on the Estancia High School Campus, as well as the promotion of the spirit within our schools and community.

The Costa Mesa Community Run will be a major fundraiser for these schools. We also hope that this event will become a permanent and on going means through which our schools' supporters can make donations. We encourage you to become a part of the great educational foundation that exists at our school.

Your donated dollars will directly enhance the education of our students and continue to ensure the tradition of excellence at our schools. We will recognize donors for this year's Costa Mesa Community Run by having your name and business logo in the Costa Mesa Community Run brochures, on all our signage, as well as prominent displays on the day of the event.

Donations will always be welcome and sponsorship recognition will be added to subsequent brochure distribution.

We look forward to having you join us on Saturday, April 26, 2008 for the Inaugural Costa Mesa Community Run. For more information you can contact Run Administrative Secretary, Karen Barloon, at 949-515-6545 or kbarloon@nmusd.us or you can register to run on our web page, costamesacommunityrun.com.

Donations should be payable to Costa Mesa Community Foundation with "run" in the memo section. Mail checks to:

Costa Mesa Community Foundation

P.O. Box 10268

Costa Mesa, CA 92627

Bank Repos In Costa Mesa and Other Orange County Cities

Larry@TeamWeichman.com (Larry Weichman) — Thu, 13 Mar 2008 21:01:48 GMT

Bank owned homes are continuing to be a great place to shop these days. Many homes are priced up to and over $200,000 below some recent area sales. The best way to find these great buys is to hook up with an experienced Real Estate Agent/ Broker and call them weekly and let them know how serious you are to find a home in today's real estate market.

Get fully approved for a loan, have you letter in hand from the lender. Get it to the agent you feel most comfortable with that has your best interests at heart. Start shopping! Most bank owned homes that are on the market are priced very aggressively will sell with 1 - 4 days of coming on the market. Be prepared to get out and view on your lunch hour! Waiting till after work could cost you $1,000's + most likely the home will be gone!

I recently sold a home that had 30 offers on it. It was offered about $175,000 below the last sale. This home required a cash offer as no bank would loan on it! My client the buyer was very fortuante to have been the winner on this home. It did help that I knew the home and the area very well. I had represented the seller on this home several years ago when it sold for almost $700,000!

So the moral of this story is to hook up an agent and let them know you want to get in on this market before it ends! Don't miss the boat, the boat will not stay in port for ever in this amazing Southern California real estate market.

Larry Weichman

TeamWeichman.com

OCRepoBroker.com

Larry Weichman is president/broker for Costa Mesa-based Weichman Realtors. Direct your questions to Larry@WeichmanRealtors.com or call 714-444-4663.

Larry@TeamWeichman.com (Larry Weichman) — Wed, 05 Mar 2008 17:15:13 GMT

THREE LITTLE WORDS!

There are three little words that can make buyers very anxious: Offer To Purchase. However, there need not be any mystery or fear attached to that phrase. With an experienced professional guiding the process, feelings of trepidation can quickly turn to excitement and enthusiasm.

While many terms and conditions may be attached to an offer, the real biggie, of course, is price. While you may have heard that your offer should be a certain percentage below the asking price, or even a percentage below what you are willing to pay, consideration of your offer will always be affected by the laws of supply and demand.

When buyers compete, sellers often see full-price offers. However, when inventories are high and demand is lower, an offer below asking price could be in order. Typically, your offer will be presented to the seller(s) and/or their representative(s). The seller may accept or reject the offer, but it's quite common for the seller to reply with a counter-offer.

Since it's often not a simple Yes or No answer, it is absolutely critical for you to stay in close contact with your representative, so that negotiation is handled smoothly and in a timely manner. Take heart that a counter-offer is not a rejection. As long as the offer is on the table, you can nearly always negotiate your way to Yes!

Larry Weichman

Real Estate Broker

Larry Weichman is President/ Broker for Costa Mesa based Weichman Realtors. His company has served Costa Mesa since 1976. Please direct your questions to Larry@WeichmanRealtors.com or call 714-444-4663.

Three Little Words!

Larry@TeamWeichman.com (Larry Weichman) — Wed, 05 Mar 2008 16:27:36 GMT

THREE LITTLE WORDS!

When buyers compete, sellers often see full-price offers. However, when inventories are high and demand is lower, an offer below asking price could be in order. Typically, your offer will be presented to the seller(s) and/or their representative(s). The seller may accept or reject the offer, but it’s quite common for the seller to reply with a counter-offer.

Since it’s often not a simple Yes or No answer, it is absolutely critical for you to stay in close contact with your representative, so that negotiation is handled smoothly and in a timely manner. Take heart that a counter-offer is not a rejection. As long as the offer is on the table, you can nearly always negotiate your way to Yes!

Larry Weichman Real Estate Broker. Larry Weichman is President/ Broker for Costa Mesa based Weichman Realtors. His company has served Costa Mesa since 1976. Please direct your questions to Larry@WeichmanRealtors.com or call 714-444-4663

Trust Yourself in Buying Decision

Larry@TeamWeichman.com (Larry Weichman) — Fri, 29 Feb 2008 11:53:34 GMT

Trust yourself in buying decision

REALTOR'S CORNER LARRY WEICHMAN
Larry@TeamWeichman.com

When you're buying a home, who do you think is the most important person in the transaction? You, of course! That doesn't mean you won't need experienced professionals for guidance and assistance, but quite frankly, if you choose not to buy, the entire process comes to a halt.

While home ownership is called the American Dream, it's a shame that nobody teaches it in school. Most folks face the biggest purchase of their life without any experience. That's why it's critical for someone to help you understand everything that happens during the process, whether it's your accountant, your banker or your trusted real estate columnist!

Demand explanations to questions such as how much of a home you can afford. How do you get the best loan? Do you choose a new home or a resale? Which properties will increase in value? Where do you begin?

Since you are in charge, take command of the situation, and surround yourself with a team of experts in every aspect of the transaction, all of whom can be coordinated by a local real estate agent.

Plan from the very beginning to educate yourself and approach your purchase with confidence and intelligence. Then you'll be sure to find the home of your dreams and the peace of mind that comes with knowing that you've made the right decisions all along.

Flex those buying muscles!

Larry Weichman is president/broker for Costa Mesa-based Weichman Realtors. Direct your questions to Larry@WeichmanRealtors.com or call 714-444-4663.

Larry@TeamWeichman.com (Larry Weichman) — Fri, 29 Feb 2008 09:26:47 GMT

Trust yourself in buying decision

REALTOR'S CORNER LARRY WEICHMAN
Larry@TeamWeichman.com

Since you are in charge, take command of the situation, and surround yourself with a team of experts in every aspect of the transaction, all of whom can be coordinated by a local real estate agent.

Flex those buying muscles!

Larry Weichman is president/broker for Costa Mesa-based Weichman Realtors. Direct your questions to Larry@WeichmanRealtors.com or call 714-444-4663.

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