Just several years ago buying a home in Laguna Beach could be done through various methods that included short sales, bank owned and foreclosure properties. In the last two years the real estate market in Laguna Beach has improved significantly and days are almost gone for seeing any kind of distressed property for sale. One of the few remaining methods for finding homes that need to sell is through a trust or trustee sale. A trustee sale is basically when a property is being sold by a trust often times when an owner of a property passes away. Properties that are set up in a trust are done for tax purposes and are sold by a trustee that has been appointment by the trust to be the authorized person to sell the home. While these homes are not necessarily distressed properties there typically is a strong motivation to sell which normally makes these great buys.
A new listing just came on the market in the South Laguna area and features four bedrooms, three baths with 4,010 square feet of living space. The multi-level home built in the post and beam style by renowned architect Chris Abel in 1987 offers panoramic Ocean, Catalina Island and Aliso Creek beach views. Listed at $2,395,000, the homes offers a very open floor plan with a living room fireplace, gourmet kitchen with center island, large master suite with sitting area and an attached two car garage. The home is situated on Brooks street which is just a couple blocks away from the beach access point near Camel Point. It just came on the market 2 days ago and is well priced when compared with other homes for sale in the area. Buying a home in Laguna Beach can be a tricky process do to the many building, topography and coastal regulations. To learn more about buying a home through a trustee sale please contact us for more information at 949-355-1622 for immediate assistance.