FROM THE PUBLISHERS OF “Our Town-Our Paper” DANA POINT | MONARCH BEACH | LAGUNA NIGUEL CoastalRealEstateGuide.com AUGUST 19, 2016 | VOL. 1, ISSUE 26 Offering price: $6,100,000 Address: 32221 Azores Road Dana Point Agent info: Michael Caruso Surterre Properties 949.495.8600 Michael@ michaelcarusorealestate.com www.CarusoRealEstate.com www.MonarchBeachEstate. com Custom Bluff Home Overlooks the Sea On a bluff top buffeted by ocean breezes, this home of 5,600 feet with ﬁ ve bedrooms and seven baths was completed on a single level in 2008. Its interior appointments include high ceilings, a wainscoted theater room, great room, library, wine cellar and en-suite bedrooms. The landscaped grounds include a loggia, outdoor kitchen, pool with waterfall, elevated spa and patio with panoramic views, walking trails and a private patio off the master suite. The location is a short distance from beaches, a golf course and tennis club, shopping and restaurants. FEATURED PROPERTY: DANA POINT ASK THE EXPERT Tips To Look Cool in a Hot Real Estate Market By Holly Schwartz Summer is here and the heat is on, especially in the world of real estate. Homes have been selling quickly and for close to the list price. In fact, InfoSparks Market data shows that in July 2016, the average days on the market for homes in Newport Beach was 78 days. In Newport Coast that ﬁ gure was 83 days, Corona del Mar was 122 days, and Laguna Beach was 109 days on average. In July, homes in these areas sold for an average of 90 percent or more of their original asking price. Being a buyer in a market like this, one that is fast and with little room for negotiation, can be frustrating for buyers. Here’s a look at four tips that realtors have seen prove helpful and some pointers from Nerdwallet.com. One of the most important things to do when looking to buy a home is to make sure to have your ﬁ nancing lined up. This should not be something that is handled in the 11th hour. Decide who you want to handle your loan and ﬁ nd out the fees, rates, etc. up front. If you are planning to shop around or check out other loan programs, do that ahead of time. Some lenders will even go a step further than providing a pre-approval letter and will produce a direct underwriter (DU) approval. This may give the seller more conﬁ dence in the buyer’s ability to close quickly and with little hassle. At the end of the day, working with a lender who can close loans successfully will give you an edge. Even if you are a cash buyer, you need to make sure to have your Continued on page 6 INTERNATIONAL NETWORK BRE#01778230 A POWERFUL The power of international lies within our team. Surterre Properties ® is home to agents from around the world who speak over 16 different languages. This international team of agents has powerful connections worldwide to help you get your home sold.