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mission viejo lake front home

Homes For Sale Mission Viejo

Southern California’s population is constantly on the rise and the prices of Mission Viejo homes for sale have skyrocketed in just the past two decades. Not only is it a great investment to purchase a home in Orange County, but it’s a fantastic place to live where the weather is always nice. New properties are regularly hitting the market, usually as a result of foreclosure. You can get great deals on fixer-uppers, condos, and single-family homes in Mission Viejo, but you need to be vigilant in your search. Property Specialties can help you find these all throughout Mission Viejo.

First-time home buyers usually have the most trouble finding the property that fits their needs, but even seasoned buyers can have the occasional lapse of judgment. Good deals can go quickly, but that doesn’t mean you should get stuck paying the mortgage for a property that you don’t love. Here are a few things to consider when looking at Mission Viejo homes for sale:

Finding a home in Mission Viejo

Move-In Ready Vs. Fixer Upper

If you have a tight budget to work with, it can be harder to find the right property as Mission Viejo isn’t by any means the cheapest city. A smaller budget may mean that you need to be open to the possibility of purchasing a fixer-upper. Many of the buildings there are at least 20 to 30 years old, therefore, some wear and tear are to be expected. However, if you know you have some basic DIY skills, you can tackle simple home improvement projects that can automatically add value to your newly purchased property.

Not everyone has the energy or the time to purchase a fixer-upper, and for those buyers, it’s always recommended that they purchase a move-in ready home. With that being said, a home that doesn’t need any additional work may cost significantly more than one that does. You need to figure out what your budget is and then work from there.

What Real Estate should you buy in Mission Viejo

There are many wonderful condo complexes in Southern California, but you must ask yourself if you’d be okay with living in a community. Most condos come with amenities such as tennis courts, a pool or even a gym, but you don’t get the same backyard space or privacy as you would when you outright own a single-family home. The biggest upside to owning a condo comes with the overall cost of the property as it offers many first-time buyers the opportunity to own property in an expensive neighborhood.

Single-family homes are by far the best investments as they’re easier to sell and are often located near a desirable school district. In addition, standalone homes are often located in family-oriented neighborhoods that have a lower crime rate.

Mission Viejo Real Estate Cost

HOA Fees In Your Neighborhood

Almost every neighborhood you move to in California will have a Homeowner’s Association Fee that covers common amenities for the area. Depending on the neighborhood, you could be looking at a fee under one hundred dollars or a fee that costs several hundred dollars. Most buyers rarely consider the impact that HOA fees can have on their monthly bills, but the costs can add up. A home that comes with a high HOA fee can also be hard to resell should the time come.

Consider The Taxes

The taxes on Mission Viejo homes for sale can be crippling if you’re not careful. The larger and more expensive your home is, the higher the yearly tax rates are going to be for your area. Homeowners often forget to factor in the cost of taxes when calculating their budget for their first home.

Consider The Overall Upkeep And Maintenance

Even if a property is in perfect condition when you first purchase it, you have to consider that the property will need some maintenance and upkeep as the years progress. For example, a swimming pool is great to have for the hot months of the year, but maintaining a pool properly can cost thousands of dollars yearly. Are you prepared to pay the price or can you even afford to?

Should you need to switch out flooring, update a bathroom or install a new roof, the more space your home has, the more money you will need to spend. Sometimes, it’s not just about the money but your physical ability to keep your property maintained. If you’re getting older or you don’t have the energy to maintain a single-family home, it may be worth considering a different option such as the aforementioned condo complex.

Get a Real Estate Agent in Mission Viejo

The California lifestyle isn’t for everyone and if you’re new to the area, it’s worth renting an apartment for a few months to see how you like the culture and the overall atmosphere. Since properties are expensive, it’s important that you know exactly what you want and how you can maintain it over the years. Get an Agent to show you around the city along with the pros and cons. A good Real Estate Agent will give you the truth and not hold back their opinion. If you have kids and are concerned about good schools in Mission Viejo be sure to ask your agent. Most Real Estate agents have or have had kids so they know the schools and should have a good opinion of the local schools. Property Specialties, Billy Long is very knowledgeable in the Mission Viejo Schools and raises two girls. A Real Estate agent with family first values is always a great choice to hire, they will understand your position and put their selves in your shoes.

Find a Open House in Mission Viejo

An open house in Mission Viejo is an opportunity to sneak a peek at a neighbors’ home and a great chance to size up a potential home or neighborhood. Some people use open house to get decoration ideas or to see how someone else stages furniture. An Open house is a fun way to get a good feel for what you are looking for in a home and what you do not want to have in a home. Open house in Mission Viejo happen every week and most are on the weekend.
Don’t feel awkward at an open house because a Real Estate agent is onsite. You are the boss and a good agent is happy you came by weather you are interested in buying or not. This is a great thing for both you and the agent to talk about the property. When you talk about the property you are both learning a bit more than if you never walked in.

Its ok to be a window shopper! All Real Estate agents hope you are a buyer but if you are not just tell them on the front and the pressure is off. Take this time to ask questions and request a business card.