Home for Sale at 1036 Las Posas, San Clemente, CA 92673

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1036 Las Posas
San Clemente, CA 92673

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Property Details

List Price:	$1,400,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2586
Agency:	Regency Real Estate Brokers, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1989
Notes:	Nestled within the picturesque community of Forster Ranch in San Clemente, California, this home offers an ideal blend of comfort and convenience. Situated on a tranquil green belt and located on a peaceful, single-loaded cul-de-sac street, this spacious home boasts 3 bedrooms plus a large loft that can easily be converted to a 4th bedroom, along with 2.5 baths spread across 2,586 square feet of living space.<br /> <br /> One of the standout features of this property is its recent updates, including a new roof and fully paid off solar panels that enhance energy efficiency and sustainability. Inside, the home showcases a modern, well-appointed kitchen equipped with a convenient double oven and other contemporary amenities.<br /> <br /> This inviting home not only provides ample space for living and entertaining but also benefits from its desirable location within San Clemente. Residents of Forster Ranch enjoy easy access to nearby parks, trails, world class beaches and shopping centers, making it an appealing choice for those seeking a serene yet connected lifestyle in Southern California. With its thoughtful updates and prime location, this home presents an excellent opportunity for comfortable, modern living in San Clemente's coveted community.
MlsNumber:	OC24096831

Listing Provided By:	Regency Real Estate Brokers, Inc., original listing
Name:	Regency Real Estate Brokers, Inc.
Phone:	(949) 707-4400
Office Name:	Regency Real Estate Brokers
Office Phone:	(949) 707-4400
Agent Name:	Mikaela Webber
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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