Apr 26

If Costa Mesa High Schools Taught Real Estate, a Friday Quiz

Even though the average adult homeowner spends about a quarter of his/her or their hard-earned income on real estate-related expenses, there’s no Costa Mesa high school course that teaches real estate fundamentals. We may have all grown up accepting that fact, but when you think about it, it really is astonishing. Especially because most of us don’t discuss the very fundamental details of homeownership with our parents, either (at least not until we need a little help coming up with that first down payment).
If there were a high school class on real estate, I think a good first order of business would be establishing how relevant the subject matter is to everyday life in Costa Mesa. Imagining what a snap real estate quiz might look like at the end of the first week, here are some possible questions. They’re multiple choice (to give the kids a chance!)

1. Last year, how many homes were sold?
a) 1 million
b) 3 million
c) 5 million
d) 20 million

2. What fraction of homebuyers were first-time buyers?
a) 1/10
b) 1/4
c) 1/3
d) 1/2

3. Over half of today’s homebuyers first found their new homes via
a) Newspaper and magazine ads
b) Yard or open house sign
c) The internet
d) Real estate agents

4. Typical buyers prefer
a) Neighborhood quality over size of the home
b) Shorter commute time over a larger yard
c) Both of the above
d) None of the above

5. In the U.S., how long does it typically take for a home to sell?
a) 10 days
b) 15 days
c) 3 weeks
d) 2 months

6. Median sale price for a typical “For Sale by Owner” home vs. an agent-assisted sale:
a) $180,000 vs. $120,000
b) $200,000 vs. $250,000
c) $190,00 vs. 249,000
d) They sell for about the same price

ANSWERS: I’ll admit the last question is pro-real estate agent propaganda – but it’s accurate, so why not? As you may have guessed, all the correct answers are c). For the answers to all your other Costa Mesa real estate questions, just give me a call!

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 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, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 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 L3 today at 714-444-4663 or email us at info@thel3.com

Apr 19

Open House’s April 20, 21 & 22 From The L3 Real Estate Team

2737 Cardinal, Costa Mesa
2737 Cardinal, Costa Mesa
Sat & Sun 1-4 PM

2064 Phalarope, Costa Mesa
2064 Phalarope, Costa Mesa
Fri 11-2, Sat & Sun 1-4 PM

2021 West Place Drive, Costa Mesa
2021 West Place Drive, Costa Mesa
Sat & Sun 1-4 PM

8221 Kingfisher, Huntington Beach
8221 Kingfisher, Huntington Beach
Fri 11-2, Sat & Sun 1-4 PM

1184 Paularino, Costa Mesa
1184 Paularino, Huntington Beach
Sat & Sun 1-4 PM

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 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, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 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 L3 today at 714-444-4663 or email us at info@thel3.com

Apr 17

Selling Your Costa Mesa House: It’s No Time for Secrets

If you’ve learned to skip past onscreen click-me’s with hyperlinks reading, “Top 10 Secrets” or “Best Kept Secrets of the Pros,” you can usually rest assured that you’ve saved yourself some time. No matter whether the long-hidden secrets deal with diet tips, shopping discounts, or travel destinations, nine times out of ten the real secret turns out to be the agenda of whoever is promising the “secrets.”
When it comes to selling a house—here in Costa Mesa or elsewhere—let’s face it: there aren’t a lot of secrets left out there. Since selling a house is the professional focus of more than a million of us REALTORS® (and since we’re a communicative bunch), it’s hard to believe that many sure-fire selling gambits have eluded discovery.
That’s why, when I stumbled upon a cable channel website’s “10 Best-Kept Secrets for Selling Your Home,” I was more than a little startled that there were ten of them left.
The countdown’s initial secret (#10: “pricing it right”) confirmed my (and probably everybody else’s) suspicion that the remaining nine would offer few surprises—but in the spirit of discovery, I clicked onward, anyway. Soon more secrets, like maximizing area lighting; hiring the right agent, and avoiding expensive remodeling projects had seen the light of day. The rest of the secrets are so well known I needn’t go into them—but there was one with phrasing I hadn’t heard before. It was Selling Secret #1: “The first impression is the only impression.”
The text explained that if the exterior of your property isn’t an immediate hit, “no matter how good the interior of your home looks,” your goose is cooked “because you never have a second chance to make a first impression.”
Sure, it’s happened that buyers who have been put off at first by some facet of a home’s exterior have gone on to fall in love with an inviting interior. Experienced Costa Mesa agents know that first impressions are sometimes countermanded by stronger second impressions.
However, in the vast majority of cases, there will be no second chance. First impressions matter, and unless the home is priced and marketed as a “fixer” or other “upside potential”-styled listing, it will be well worth the effort for the seller to focus efforts on all the sensory aspects that go toward creating that first impression.
In the meantime, if you plan on selling your own Jamestown house in the upcoming months, it’s out in the open that the right agent will be one whose “secret” is a wide-reaching marketing plan combined with organization and persistent effort. Give us a call to discuss your goals!

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 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, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 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 L3 today at 714-444-4663 or email us at info@thel3.com

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