Circle Drive Laguna Beach

If you are in the market to buy a home but looking to leverage your cash you may want to consider seller's who are open to doing a seller carry back.   What exactly is a seller carry back?  Instead of going through a traditional mortgage to buy a home the seller of the bank becomes the bank, in essence, and provides the buyer with an interest rate and terms for the amount that is to be borrowed.  Typically, a certain amount of down payment will be required in order for the seller carry back to work, in most cases this can be anywhere from 10 to 20% of the purchase price. 

Most of it depends on the sellers motivation and the amount of equity the seller has in the property.  If the property is owned free and clear then you will have more negotiating room

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When considering buying a ocean front short sale you have many choices in Southern California.  The south part of California yields some of the best places to buy ocean front homes from the San Diego beaches of La Jolla to the cliffs in Malibu, ocean front homes are plentiful.  If you are looking for a special place to live and considering the Orange County area there is no better place to find an ocean front short sale then Laguna Beach.  Home to one of the largest collection of oceanfront homes in all various price ranges.  Many of these ocean front homes are in small carved out streets that provide direct access to the beach.  Areas like Lagunita and Woods Cove are perfect examples of locations in Laguna Beach that provide beach living at it's best. 

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Many have asked if 2012 is a good time to buy a house in Laguna Beach.  As real estate inventory in Laguna Beach is reaching record lows the supply and demand for real estate is reaching a new high.  What does this mean for real estate prices?  Our experts don't believe that we will see an increase in pricing for 2012 but a very competitive market for prime properties priced at market value and offering ocean views or located on the ocean front.  We are currently seeing multiple buyers bidding one single properties especially in the short sale arena.  Short Sales are becoming the dominant way to seize a great deal in Laguna Beach but there are good and bad points about doing a short sale.  If you are patient and you act quickly when you see a good deal

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One of the premier oceanfront streets in the South Laguna Beach area is "Circle Drive."  If you are familiar with Laguna Beach then Circle Drive is located just north of the "Three Arch Bay" gated community in the very southern point of Laguna Beach.  Circle Drive is a very unique streets that extends out on a natural cliff area with homes located on the edge of this u shape street.  Circle Drive has a lot of history with a recent home that was listed as high as $35,000,000 last year.  Current homes are more modest in price with oceanfront homes ranging from $5,995,000 to $17,250,000.  A neat way to see this community is from an aerial view of 31877 Circle Dr that shows the cliff side homes.  If you are looking for an oceanfront home and considering the…