CALIFORNIA REAL ESTATE PRIMER – Some Common Sense Tips

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SOME COMMON SENSE TIPS

Markets, by their very nature, go up and go down.  They are affected by numerous factors, some economic, and some emotional.  Regardless of the “animal spirits”  There are some simple principles which, over the years, and proven useful in the limiting of risk.

Watch to see what happens – probably not a good idea

This might not be a good strategy. The house is up for sale. If the buyer likes it, what would cause him to think nobody else will? If it’s reasonably priced, what do you think is going to happen? More often than not the next thing that happens is the house sells.

We actually see this a lot. And, what’s really interesting is the buyer who just lost out usually doesn’t learn anything from the experience. If it’s a home you like, in a neighborhood you like, and you can see yourself enjoying living in the home and the home is reasonably priced and you can make the payments – buy it and be happy. Prices go down, and prices go up, but in the long run they go up more than they go down. If you don’t believe it, ask your parents what they paid for their first home.

Aways make your offer at least 10% below asking – We disagree – making offers without doing the market research is not a good idea

This tactic assumes the property is already overpriced. Let’s think about that for a moment. In today’s market there are powerful forces pushing sellers to reasonably price their homes. Moreover, listings cost time and money, and the listing agent is generally not excited about taking listings that aren’t going to sell and don’t make the phone ring.

Again, if you like the home then you have nothing to lose by letting your agent do some research. The answers to a few simple questions can make a big difference. What are the prices of comparable properties? How long has this property been on the market? Is the seller motivated? Has the price already been lowered and, if so, when and how much?

After doing the research you may be surprised to find out that the house is priced at the market and the sellers are motivated, but not desperate. In such a case a “low ball” offer probably won’t win friends and influence people. We often see sellers so offended by the offer they refuse to respond under any circumstance. Yes, that still happens even in this day and age.

You would think that in a down market Realtors® would be willing to make any kind of offer just to be working with a client. Maybe not. Usually only the agents with absolutely nothing else to do will waste their time with repeated “low ball” offers. Most Experienced Realtors® have learned not to waste their time. Buyers who make a practice of “low ball” offers are generally not perceived as genuine buyers and savvy sales agents with other prospects aren’t going to waste their time.

Don’t misunderstand. There’s nothing wrong with hard bargaining, so long as it isn’t counterproductive.

Only buy short sale properties – Short Sales can be good buys, but they aren’t always a deal

Some buyers are convinced that short sales are the only way to go. After all, aren’t you buying at a price which is less than the amount owed on the property? Yes, by definition that’s what a short sale is. However, it doesn’t always work that way. Some short sale properties are already priced at the market and the lenders usually know it.

Sometimes agents listing a short sale property will place it on the market at an absurdly low price. Why? Because they want the phone calls from potential buyers. They also want offers they can present to the lender. Unfortunately, these low offers won’t do much to motivate the lender.

Another potential problem is the tendency of lenders to not respond in a timely manner, if at all. Even where there are “communications” with the lender the delays in response to a simple offer can be weeks. The problem here is twofold: (1) the lowered prices create a false expectation of the market encouraging “low ball” offers; (2) the delayed or nonexistent response on the part of the lenders at best is frustrating and, at worst, may cause a buyer to lose other valid opportunities.

Short sales must be analyzed on a case-by-case basis. This means research and leg work. There are not short-cuts.

Only buy properties in foreclosure – Again, tactics which disregard market value are dangerous

A property in foreclosure is a short sale by any name. The difference here is there is less time available to act. Slow lender approval at this stage of the game is almost always fatal. Again, the absurdly low asking prices (prices lenders will never approve) create false market expectations and damage the ability of real sellers to sell their homes.

Buy REO properties – While REOs have their drawbacks this may not be a bad tactic

An REO (Real Estate Owned) is a bank owned property, meaning it has been acquired by the lender as the result of a foreclosure. The bank now has clean title to the property and has it listed for sale with a realtor. An asset manager working for the bank has obtained a BPO (broker price opinion) as to market value and the lender has priced the property according to its internal policy.

Of all of the buyer strategies so far this one has some merit. REO’s are non-performing assets and only function as an economic drag on the lender’s profits. The lenders are so ill equipped to manage these properties it makes you wonder why they didn’t respond quicker back when the previous owner was trying to get approval for a short sale.

The drawback to this strategy is that in California the lenders sell their REO properties in “AS IS” condition. This means there will be no repairs. To make matters worse the lender is an owner who has never “lived” in the property. That means you aren’t going to get any disclosures from the lender. The burden is on the buyer to determine what’s wrong with the property and how much it’s going to cost to fix it. Moreover, most lenders either use their own purchase contract instead of the CAR approved contract or require their own contract addendum. Most REOs also require the buyer to pre-qualify with them, and some even require the buyer to submit FICO scores. In this case however, the effort might be worth it.

Buy location and value – always

All in all, the message to serious buyers is to first look for the location which best suites their family, and their lifestyle, then find the home in which they can live happily for the long run. Once having located the home, do the research to put a reasonable value on the property and negotiate accordingly. After all, the objective is to find a home you want to live in at a price you can afford.

If you’re thinking about listing your home for sale and would like to get a free comparative market analysis do not hesitate to give me a call.

1 Mikey & Pixey Best 1

http://www.AskMikeyHall.com

AskMikeyHall@gmail.com

voice: 949-887-1625

fax: 866-764-6325

DRE #00792478

Return To The Table of Contents

OTHER INTERESTING AND INFORMATIVE INFORMATION SOURCES

OC Property Management & Sales, Inc.

DRE Lic# 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

DISCLAIMER

This article is intended to be a general discussion only, and should not be considered legal or real estate advice. Your use of it does not create either an attorney-client or broker-client relationship. Any liability that might arise from your use or reliance on this article, or any of its links, is expressly disclaimed. This blog is not legal, real estate, loan, accounting or tax advice, and is not to be acted on as such, it was outdated the moment it was written, and is subject to change without notice.  If you are dealing with a potential problem with your investment property you are advised to retain the appropriate licensed professional.

CALIFORNIA REAL ESTATE PRIMER – Selecting Your Buyer

SELECTING YOUR BUYER

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Recently, we wrote an article listing the six most common seller mistakes.
Number five on that list was carelessly selecting your buyer. In some respects, the selection of your buyer can be more difficult than setting the initial price on your home. Selecting the wrong buyer can be a time consuming, costly, and frustrating mistake. While it is always possible to make a mistake, hiring an experienced realtor and being frank with him or her will put you a step ahead.

Before we start, let’s get away from the concept of selecting your buyer on the basis of personality alone. Everyone would like their home to be enjoyed by nice people, however that by itself says nothing about the probabilities of closing your deal.

Let’s also set aside the idea of simply taking the highest offer. Purchase price, like personality, won’t necessarily close the deal.

For purposes of discussion we can separate the types of issues into two broad categories, those that are reflected on the face of the documents and those that don’t necessarily appear on paper.

Issues On Paper

The standard California Residential Purchase Contract is eight pages long and has 33 numbered paragraphs. A number of these paragraphs deal with issues potentially critical to your deal. In addition to the contract itself, there can be contract addendums and counter offers. There is really no limit to the number of possible additions and modifications to the contract.

No matter how confusing, this mass of paper becomes, it defines your “deal.”  And, the issues your deal presents, in the context of the marketplace and your own wants and needs, should all be carefully considered in your selection of a buyer.

Some examples of these considerations are purchase price, good faith deposit, down payment, financing conditions, contingencies, length of escrow, etc. and etc.

The combinations of these factors define the buyer’s profile. The objective in a multiple offer situation is to decide which of the buyer profiles best fits your needs. For example, in a down market, a buyer with a lower purchase price, but a large down and no contingencies is probably preferable to a buyer with a high purchase price and a deal which is contingent upon the sale of their own home. Why? Because in a down market the buyer who has to sell their home before they buy may not find a buyer or may not get enough from their sale to make their purchase.

Buyers’ wanting long escrows may, or may not, be as desirable as buyer’s requesting a short escrow. A pre-qualified buyer is good, but maybe not as good as a pre-approved buyer.

Issues Off Paper

The off paper issues can be just as complex as the technical terms of the deal. And, this is where you must be candid with your realtor. What are your wants and needs? Do you have your replacement property already in hand, or do you need time to find and purchase it. Should a rent back be considered on your place or do you need a short escrow..

Is there a lot of deferred maintenance on your home, or is the property pristine and ready to go? Do you need an “AS IS” deal? Can you afford to make repairs if they’re requested?

As if that wasn’t enough there’s more. What’s the market doing? If it’s going up, the buyer’s purchasing power is disappearing and if the market is going down the buyer’s purchasing power is increasing and your negotiating position may be becoming weaker. In other words, is the marketplace driving the deal in one  direction or another?

There’s more. Was your original asking price realistic? Will the property appraise? Will the lender lend on it and if so, how much? What type of loan is the buyer getting? If it’s an FHA loan are there section 1 repairs that will have to be done? If your property is a condominium, has the project been FHA approved? Do you have HOA issues? Is there an assessment coming? Are the HOA dues low or high for the neighborhood? Do you pay Mello-Roos? And, if so, how much?

After saying all of that, here’s some pointers you can take away from this welter of information:

1. Avoid the temptation to leap at the highest price;

2. Avoid the temptation to sell to the most likeable buyer;

3. Use an experienced Realtor and be frank with him or her’

4. Pay attention to the elements of the buyers’ offers;

5. Try to list your own important needs;

6. Be aware of what the market is doing around you; and,

7. Tally up the characteristics of each of the competing buyers and try to match those characteristics to your own interests, as well as, the market forces at play.

If you’re thinking about listing your home for sale and would like to get a free comparative market analysis do not hesitate to give me a call.

1 Mikey & Pixey Best 1

http://www.AskMikeyHall.com

AskMikeyHall@gmail.com

voice: 949-887-1625

fax: 866-764-6325

DRE #00792478

 Return To The Table of Contents

 OTHER INTERESTING AND INFORMATIVE INFORMATION SOURCES

OC Property Management & Sales, Inc.

DRE Lic# 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

DISCLAIMER

This article is intended to be a general discussion only, and should not be considered legal or real estate advice. Your use of it does not create either an attorney-client or broker-client relationship. Any liability that might arise from your use or reliance on this article, or any of its links, is expressly disclaimed. This blog is not legal, real estate, loan, accounting or tax advice, and is not to be acted on as such, it was outdated the moment it was written, and is subject to change without notice.  If you are dealing with a potential problem with your investment property you are advised to retain the appropriate licensed professional.

CALIFORNIA REAL ESTATE PRIMER – Common Seller Mistakes

COMMON SELLER MISTAKES

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Over the years we’ve seen a lot of seller mistakes. Some of these mistakes are more costly than others, and some are repeated more often than most. Virtually all of them are unnecessary, and each and every one is a good reason to have an experienced Realtor working for you.

 1. Setting The Price Too High

Setting the price too high is a classic seller mistake. This very common mistake happens for a number of reasons. Sometimes the cause is pride of ownership, but more often the seller is setting a price based on what he or she needs out of the sale, as opposed to the market value of the home. If the price is set too high it will discourage offers.

Moreover, in a down market, an inflated price on day one of the listing is even more inflated after a week or two have gone by. Not only is the asking price not tracking the market it’s becoming more out of line as each day goes by. Most sellers though refuse to set their initial asking price at a level which will invite offers and is representative of the market.

A home which stays on the simply because it’s over priced will quickly become “stale” and difficult to sell even if the price is subsequently lowered.  The solution is simple.  Always get a comparative market analysis before you set the asking price.

This leads us into mistake number two.

2. Refusing To Lower The Asking Price On A Reasonable And Timely Basis

Sellers who have set their asking price above the market value, will also invariably fail to adjust their price appropriately. Instead of pricing to sell, these sellers will only grudgingly reduce their asking price and never by an amount large enough to make their home a worthwhile buy. As a result they find themselves chasing the market and never getting a serious offer. In the end, this seller will loose more money than if they had simply priced their home correctly in the beginning. It may sound trite, but the market really does set the price.

 3. Rejecting The First Offer

 Too many times a seller will be suspicious of the first offer they receive. We’ve all heard statements like “I must have priced my home too cheaply” or “If I hold out I’ll get more money.” or “I just listed my property, and I don’t want to take the first offer.” These reactions and others similar in nature, generally cause the first offer to be rejected. In down markets this is a clear mistake. Each day that passes the buyer’s alternative choices are increasing and the seller’s bargaining position becomes weaker. In times of rising interest rates the buyer’s purchasing power is decreasing as times passes.

Assuming the home was priced correctly in the first place. The plain fact is the first offer is more often than not the best offer. Think about it this way. A home which has just been listed can more easily be perceived as a desirable “discovery” by a serious buyer than a home that’s been on the market for weeks.

The longer a property sits, the less desirable it appears. In fact, a buyer’s first question usually is, “How much?” and the second question is “How long has it been on the market?” If you get a first offer, at or near your asking price, it’s probably because you’ve priced your home correctly. If you feel the need, recheck the comparable sales, but don’t reject the offer out of hand. Which brings us to the next common seller mistake.

4. Becoming Offended By Low Offers – Refusing To Counter

It’s surprising how many people will become so offended by a low offer they refuse to counter. There are a couple of good reasons why this is a mistake. If a seller has “an offer on the property” they are by definition in a stronger position with other potential buyers. The property is seeing action and there is the potential of getting a “buzz” started. Used properly, even “low ball” offers can instill a sense of urgency.

Moreover, a low starting offer may be the buyer’s way of testing the market and may not say anything about what the buyer is actually willing to pay. A seller is rarely hurt by responding to an offer.  Low ball offers are not unusual following a down market, especially a down market that has lasted for any significant length of time.

 5. Carelessly Selecting A Buyer

 It’s important to pay attention to the buyer’s ability to complete the purchase. The buyer should be pre-qualified by his lender, and should have a reasonable down payment. Between two otherwise equally qualified buyers, the buyer whose offer is contingent upon selling their own property represents more risk than the buyer without contingencies. This is especially true in a down market where the buyer may not be able to sell his home for the price he wants.

6. Not Presenting The Home Effectively

 A cluttered home or a home which needs repairs or paint fails to communicate desirability and in some instances can even signal to the buyer to reduce their offer. Fresh paint (neutral colors), clean windows and clean floors and carpets can work wonders. Cut the grass, and pull the weeds. A few flowers inside and out always seem to help.

When it comes to furniture, a little less may be better. Less furniture will cause a room to look and feel larger. That’s a good thing. Some agents dislike using a home stager, but the results can be really good, so long as the stager has some talent and the cost isn’t too great.

If you’re thinking about listing your home for sale and would like to get a free comparative market analysis do not hesitate to give me a call.

1 Mikey & Pixey Best 1

http://www.AskMikeyHall.com

AskMikeyHall@gmail.com

voice: 949-887-1625

fax: 866-764-6325

DRE #00792478

Return To The Table of Contents

 OTHER INTERESTING AND INFORMATIVE INFORMATION SOURCES

OC Property Management & Sales, Inc.

DRE Lic# 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

DISCLAIMER

This article is intended to be a general discussion only, and should not be considered legal or real estate advice. Your use of it does not create either an attorney-client or broker-client relationship. Any liability that might arise from your use or reliance on this article, or any of its links, is expressly disclaimed. This blog is not legal, real estate, loan, accounting or tax advice, and is not to be acted on as such, it was outdated the moment it was written, and is subject to change without notice.  If you are dealing with a potential problem with your investment property you are advised to retain the appropriate licensed professional.

THE WESTRIDGE NEIGHBORHOOD – Pessaggio

  The Westridge Neighborhood
   The Passeggio Community Association

 

The Passeggio HOA, is a sub-association of the AVCA Master Association, and is a residential community of 111 exquisite condominiums located in the Westridge neighborhood of Aliso Viejo, California. The tract was built in five phases by the D.R. Horton company.

The Passeggio is located along the edge of the Aliso Canyon and many of the units have spectacular views of the Canyon. The Passeggio is conveniently located near the Westridge community park and is just a few minutes away from the Aliso Viejo town center with its shops restaurants and theaters.

The Passeggio has five different models of condominiums:

The Plan One is a 2 bedroom, 2 bath, carriage (second floor) unit with approximately 970 square feet of space. There is a second floor deck off the living room and a 1 car garage with direct access.

The Plan Two is a 2 bedroom, 2 bath, carriage (second floor) unit with approximately 1,223 square feet. The unit has direct garage access and was originally offered with an optional 3rd Bedroom conversion of the den.

The Plan Three is a 2 bedroom, 2.5 bath, two level unit with a 2 car garage with direct access. The unit is approximately 1,163 square feet.

The Plan Three X is a 3 bedroom, 2.5 bath, two level unit with a 2 car garage with direct access. The unit is approximately 1,349 square feet.

The Plan Four is a 3 bedroom, 2.5 bath, two level unit with a 2 car garage with direct access. The unit is approximately 1,397 square feet.

The information contained herein is deemed reliable, but must be independently verified.

Westridge Park

A Place For The Kids To Play

Other Interesting and Informative Websites

OC Property Management & Sales, Inc.

DRE Lic # 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

THE WESTRIDGE NEIGHBORHOOD – Skyview

  The Westridge Neighborhood

  The Skyview Community Association

The Westridge Skyview Community Association

The Skyview tract of detached single family homes is composed of two separate tracts within the Westridge neighborhood of the city of Aliso Viejo. Both Skyview tracts are accessible off Oak View Drive. The original builder was Shea Homes. Skyview is not gated, and does not have a pool, spa or tennis court.

Access to the 73 freeway is only a short drive away. While located in a rural setting, the Westridge communities are positioned within a short distance of the ocean and its resort towns; freeway arteries leading to major employment areas, and the shops, restaurants and amenities of Mission Viejo, Laguna Beach and Aliso Viejo.

The 73 freeway links up with the 405 freeway corridor and provides quick access to the financial centers of Fashion Island Newport Beach, the John Wayne airport area and South Coast Plaza. The 5 freeway links up with the Tustin employment centers and shopping centers.

Skyview has five different models of homes:

The Baumgarten (model 1-A) is a 3 bedroom, 2.5 bath two level home with a 2 car garage and approximately 1,774 square feet. A fireplace is located in the family room and the front entry is through the living room. All of the bedrooms are upstairs and an optional deck off the master bedroom was offered by the builder.

The Baumgarten (model 1-B) is approximately 1,961 square feet and is a 4 bedroom 2.5 bath home is the model 1-A floor plane with a optional 4th bedroom.

The Berry Home (model 2) is approximately 1,971 square feet and is a 3 bedroom, 2.5 bath 2 level plan with a 2 car garage. This plan has a nook adjacent to the kitchen, an optional second floor deck and an optional 4th bedroom.

The Massey Home (model 3-A) is approximately 2,062 square feet and is a 3 bedroom, 2.5 bath 2 level home with a 2 car garage. This model was offered with an optional master bedroom retreat, an optional “bunk” room and an optional deck off the master bedroom. Additionally, an optional loft conversion to a 4th bedroom was offered by the builder.

The Massey Home (model 3-B) is approximately 2,201 square feet and is the model 3-A floor plan originally offered with a suite of at least 5 different bedroom/loft options.

The information contained herein is deemed reliable, but must be independently verified.

A Place For The Kids To Play
Other Interesting and Informative Websites

OC Property Management & Sales, Inc.

DRE Lic # 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

THE WESTRIDGE NEIGHBORHOOD – Woodlands

  The Westridge Neighborhood

  The Woodlands Community Association

  Westridge Park

  A Place For The Kids To Play

The Woodlands tract of single family detached homes lies in the Westridge neighborhood, within the city of Aliso Viejo. There are 74 homes in Woodlands. The community is not and has no pool or spa. Woodlands is located off Oak View Drive at Trail Canyon Drive. The original builder was Brookfield Homes. A few miles to the west is the Pacific Ocean and the famous city of Laguna Beach.

Access to the 73 freeway is only a short drive away. While located in a rural setting, the Westridge communities are positioned within a short distance of the ocean and its resort towns; freeway arteries leading to major employment areas, and the shops, restaurants and amenities of Mission Viejo, Laguna Beach and Aliso Viejo.

The 73 freeway links up with the 405 freeway corridor and provides quick access to the financial centers of Fashion Island Newport Beach, the John Wayne airport area and South Coast Plaza. The 5 freeway links up with the Tustin employment centers and shopping centers.

Woodlands has four different models of homes:

The Plan 1 (Model A) is a 3 bedroom, 2.5 bath two level home with a 2 car garage. Direct garage access is located through a service entrance into the kitchen. A fireplaces have been located in the living room. An optional bedroom was originally available in the upstairs loft space and an optional den was offered instead of the second bedroom. The master bedroom has an attached bathroom suite and walk-in closet. The laundry room has been placed upstairs. This model is approximately 1,499 square feet.

The Plan 2 (Model B) is a 4 bedroom, 3 bath, two level home with a 2 car garage. Direct garage access is through a service entrance in the island kitchen. A fireplace is located in the living room and an optional den or fourth bedroom downstairs was originally offered. Upstairs the master bedroom has an attached bathroom and both standard and walk-in closets. The second bedroom upstairs opens onto a deck over the garage entrance. This model is approximately 1,784 square feet.

The Plan 2X (Model C) is a 4 bedroom, 3 bath, two level home with a 2 car garage.. This alternative plan uses the Plan 2 design with an optional upstairs retreat. An optional extension to the master bedroom creates an attached retreat. This model is approximately 2,067 square feet.

The Plan 3 (Model D) is a 3 bedroom, 2.5 bath, two level home with a 2 car garage. Direct garage access for the 2 car garage is through a service entrance opening in the central hallway. This is an upside done plan with the bedrooms and family room on the first floor and the kitchen, dining room, living room and master bedroom on the second floor. This model was originally offered with an optional downstairs den in the place of the third bedroom. A laundry room has been located on the first floor at the back of the house. This model is approximately 1,894 square feet.

The information contained herein is deemed reliable, but must be independently verified.

Other Interesting and Informative Websites

OC Property Management & Sales, Inc.

DRE Lic # 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325

THE WESTRIDGE NEIGHBORHOOD – Silver Oaks

  The Westridge Neighborhood

 

  The Silver Oaks Community Association

  A Gated Community

 

  Close To The Westridge Park

 

  And A Place For The Kids To Play

The Silver Oaks tract of single family detached homes lies in the Westridge neighborhood, within the city of Aliso Viejo. There are 81 homes in Silver Oaks. The community is gated and has no pool or spa. Silver Oaks is located off Oak View Drive. The original builder was Shea Homes and the tract was completed in 9 phases. A few miles to the west is the Pacific Ocean and the famous city of Laguna Beach.

Access to the 73 freeway is only a short drive away. While located in a rural setting, the Westridge communities are positioned within a short distance of the ocean and its resort towns; freeway arteries leading to major employment areas, and the shops, restaurants and amenities of Mission Viejo, Laguna Beach and Aliso Viejo.

The 73 freeway links up with the 405 freeway corridor and provides quick access to the financial centers of Fashion Island Newport Beach, the John Wayne airport area and South Coast Plaza. The 5 freeway links up with the Tustin employment centers and shopping centers.

Silver Oaks has nine different models of homes:

Mangis 1 – A (Model A) is a 4 bedroom, 4 bath two level home with a 3 car garage. In this model the garage is two cars wide with a tandem space on one side allowing 3 car parking. Direct garage access is located through a service entrance into the breakfast nook adjacent to the kitchen. Fireplaces have been located in both the family room and the living room. An optional recreation room was available downstairs next to the fourth bedroom. The downstairs floor plan is broken up by an interior atrium. An optional loft was offered upstairs near the stairs. The master bedroom has a single large walk-in closet and an attached bathroom suite. The laundry room has been placed upstairs. This model is approximately 3,407 square feet.

Mangis 1 – B (Model B) is a 3 bedroom, 4 bath, two level home with a 2 car garage. This alternative plan uses the Plan 1 – A tandem parking space for an optional bedroom/office. This model is approximately 3,607 square feet.

Mangis 1 – C (Model C) is a 4 bedroom, 5 bath, two level home. This alternative plan uses the Plan 1 – A tandem parking space for an optional bedroom and the interior atrium space as an optional office. An optional extension to the master bedroom creates an attached retreat. This model is approximately 3,882 square feet.

Pagano 2 – A (Model D) is a 4 bedroom, 4.5 bath, two level home with a 2 car garage and a separate 1 car garage. For a total of 3 car parking. Direct garage access for the 2 car garage is through the optional bedroom/office, and direct access for the separate 1 car garage is thru the study. The Plan 1 – A interior atrium is now a courtyard at the front of the house. A breakfast nook is located adjacent to the kitchen. Fireplaces have been placed in family room and the living room. Upstairs the master bedroom has one standard closet and a large walk-in off the attached master bath suite. An optional loft is located can be located above the dining room. This model is approximately 3,705 square feet.

Pagano 2 – B (Model E) is a 5 bedroom, 5.5 bath, two level home with a 2 car garage. The Plan 2 – B is basically the Plan 2 – A with an extra optional office space gained at the expense of the 1 car garage space. This model is approximately 3,905 square feet.

Pagano 2 – C (Model F) is a 6 bedroom, 6.5 bath, two level home with a 3 car garage. The Plan 2 – C is basically the Plan 2 – A with a bedroom and bath option located in the 1 car garage space. 3 cars wide and an optional downstairs bedroom/office is offered. This model is approximately 4,147 square feet.

Powell 3 – A (Model H) is a 4 bedroom, 4.5 bath, two level home with a 3 car garage. This model uses a separate 1 car garage giving parking for 3 cars. The service entrance for the 2 car garage is through an optional office/bedroom and the 1 car garage opens into a nook overlooking a small gated patio in the front of the house. A courtyard is located off the optional bedroom/office. The island kitchen is immediately adjacent to the family room. Fireplaces have been located in both the family room and the living room. The upstairs master bedroom complex includes a bedroom, retreat, bathroom suite and walk-in closet. This model is approximately 3,753 square feet.

Powell 3 – B (Model I) is a 5 bedroom, 5.5 bath, variation of Plan 3 – A with a 2 car garage. The square footage of this model isn’t listed in an authoritative source.

Powell 3 – C (Model J) is a 6 bedroom, 6.5 bath, variation of Plan 3 – A with a 2 car garage. This model is approximately 3,957 square feet.

The information contained herein is deemed reliable, but must be independently verified.

Other Interesting and Informative Websites

OC Property Management & Sales, Inc.

DRE Lic # 01886215

www.OCPropMgmt.com

OCPropertyMgmt@gmail.com

voice: 949-505-3838

fax: 866-764-6325