Local Residential Real Estate Part of Global Picture!

Weichman Realtors has been noticing that for quite a while, Costa Mesa,CA residential real estate holders – that is, homeowners  – haven’t had to work very hard to come up with a description for the U.S.real estate market. ‘Lousy’ certainly came to mind. ‘Bleak’ was a strong contender. ‘Cautiously optimistic,’ at best a distant third.

So July’s Wall Street Journal report came as a quiet reminder that, for serious-minded investors who view our situation from a less-involved perspective, our residential real estate outlook is neither lousy nor bleak. In fact, the combination of lower residential prices and the international currency environment has created a ‘property-buying binge’ by Asians, Canadians, Europeans and Latin Americans – more than 60% of whom pay in cash.

“There’s this international view thatAmericais on sale,” according to one property manager. He should know; he’s an executive whose Chicago-based company buys foreclosed homes and manages them for investors. A year ago, all of his investors were domestic. Now, one in five is foreign.

Whereas before, most foreign residential real estate investors were interested in ‘trophy’ properties to enhance their personal prestige, the new onslaught is coming from buyers who see that they can earn high returns by buying here, renting, then reselling in the future when the market rebounds. It seems that in many countries, a residential real estate downturn is expected, but has yet to occur. In their estimation, ours is already history.

It looks like “a gift,” according to one developer, who judges that an oceanfront condominium inRio de Janeirosells a level 50% higher than an equivalent property inMiami. International or domestic, investment money is always drawn to bargains — but when bargain basement prices are combined with the perceived safety represented by U.S. residential real estate, the lure is apparently irresistible.

 “FOREIGNERS SNAP UP PROPERTIES IN THE U.S.” was Nick Timiraos’ headline, with a caption that read, “To many Americans, plowing money into real estate has never looked like such a risky venture. But to many foreigners, U.S. housing has never looked like a smarter investment.”

Thanks, Nick, for giving us some outside perspective; I guess we can adopt the ‘cautiously optimistic’ view with a lot more confidence. If you have been waiting on the sidelines to make your own local residential real estate investment, I hope you will give Weichman Realtors a call when you decide that now is the time. We’re standing by to help you find the property you’re looking for!

Weichman Associates Realtors is a full service real estate agency located in the heart of Costa Mesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s Weichman’s mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. Weichman Associates Realtors was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, Weichman Realtors has grown to a full staff of 20 serving over 300 clients a year.

Weichman Realtors is not limited to serving just its clients; it is also committed to serving the community. Not only has Weichman donated hundreds of hours to many area charities, they have also received the prestige of being named one of the top real estate companies inCosta   Mesa.

If you’re interested in buying or selling in OrangeCounty, turn to the experts. Turn to Weichman Realtors and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact Weichman Realtors today at 714-444-4663 or email us at info@WeichmanRealtors.com.

Weichman Realtors Open House List for 6/30 and 7/1

Weichman Realtors Open House List for 6/30 and 7/1

Saturday- June 30th

311 Santo Tomas, Costa Mesa

2pm-5pm

3114 Coolidge, Costa Mesa

1pm-4pm

Sunday- July 1st

311 Santo Tomas, Costa Mesa

2pm-4pm

  Weichman Associates Realtors is a full service real estate agency located in the heart of Costa Mesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s Weichman’s mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. Weichman Associates Realtors was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, Weichman Realtors has grown to a full staff of 20 serving over 300 clients a year.

Weichman Realtors is not limited to serving just its clients; it is also committed to serving the community. Not only has Weichman donated hundreds of hours to many area charities, they have also received the prestige of being named one of the top real estate companies inCosta   Mesa.

If you’re interested in buying or selling in OrangeCounty, turn to the experts. Turn to Weichman Realtors and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact Weichman Realtors today at 714-444-4663 or email us at info@WeichmanRealtors.com.

Get To Know Weichman Realtors- The Most Trusted Name in Costa Mesa Real Estate

Founders- Larry Weichman and Kurt Galitski

 

 

 

 

 

 

When Larry Weichman and Kurt Galitski founded Weichman Associates – Realtors, they envisioned a local alternative to the large, nationally based real estate companies. It was company based on the knowledge that smaller is better.

By employing only the finest, most experienced and knowledgeable real estate professionals, Weichman Associates – Realtors quickly earned – and has maintained – a reputation for providing discreet, concierge – level service to each of its customers and clients. It’s a level of service reflective of Costa Mesa itself – dignified, understated and world class in every respect.

“We know how special this area is to people,” says Larry, a Costa Mesa resident since 1976. “That’s why we try to preserve that atmosphere while working so hard to help people find their own piece of paradise.”

Knowledgeable. Resourceful. Motivated. Dependable.

For local real estate professionals Larry Weichman and Kurt Galitski, these aren’t just aimless adjectives-they all point to a special kind of expertise they’re proud to offer their clients.

Singular Vision

Several years ago when Larry and Kurt founded Weichman Associates-   Realtors, they had a singular, profound vision for their company-to be the experts in Orange County Real Estate. Their dream was to offer buyers and sellers the experience, knowledge, and detailed guidance they need.

From their years in the corporate arena, Larry and Kurt also wanted to bring an attentive, concierge level service to their clients. They understand that their clients’ dreams are unique and need to be handled with care and discretion. To that thereby earning Weichman Associates-Realtors a reputation for excellence.

A Feeling of Family

For Larry and Kurt, serving Orange County is a sheer pleasure. “There’s a great feeling of home and family that permeates each community,” Larry says. “It just inspires us to help our real estate clients feel at home throughout their sale or purchase.” Kurt also adds, “Being a lifelong Costa Mesa resident, I know firsthand how great the area is-from the beautiful beachfront to the thriving arts scene. Orange County has something for everyone!”

Comfort and Confidence

Where the Weichman Associates’ love for family and passion for their craft meets is in their cozy and technologically-advanced Costa Mesa office. Clients feel at home in the comforting environs and are also confident in the fact that all agents are in touch with the latest Internet technologies and marketing strategies.

Always on the cutting edge of technology, the Weichman team continually take advantage of the latest in web design and software development to better enhance your property goals, and because their team is comprised mostly of longtime residents, they’re able to provide clients with a real insiders perspective of the community.

Larry and Kurt also pride themselves on offering their agents the support, guidance and tools they need to better serve clients. They both know that a supportive management team combined with a tech-savvy approach yields positive results for agents and clients alike.

Turn to the Experts

If you’re interested in buying or selling in Orange County, turn to the experts. Turn to Weichman Associates-Realtors and let them help you make your real estate buying or selling dreams come true.

Get to know our agents…. click here!

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