FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuide.com AUGUST 19, 2016 | VOL. 6, ISSUE 33 Offering price: $11,000,000 Address: 66 Emerald Bay Laguna Beach Agent info: Rod Daley, Coldwell Banker 949.395.0931 www.roddaley.com Property co-listed with Susan Weir of Berkshire Hathaway Step onto the Sand in Emerald Bay Never before offered for sale, this original home, beautifully freshened and staged, serves as a perfect candidate for a full time residence, a second home, or a beach getaway. The beach is just out the front door but the Pacific is visible in nearly every room. There are three bedrooms and baths, plus a “just off the beach” bath with shower in the garage. A powder room on the main level adds to homeowner and guest convenience. The Emerald Bay community offers many amenities including a community center, six tennis courts, beach volleyball courts, beautiful parks, a basketball court and guard-gated security. For online video and brochure see www.66emeraldbay.com FEATURED PROPERTY: LAGUNA BEACH 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 figure 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 financing lined up. This should not be something that is handled in the 11th hour. Decide who you want to handle your loan and find 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 confidence 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 JUST ANNOUNCED BY THE WALL STREET JOURNAL AND REAL TRENDS -THE THOUSAND #1 REAL ESTATE TEAM IN ORANGE COUNTY | #2 IN CALIFORNIA | #9 IN THE UNITED STATES 949.390.4543 ST ANFIELDREALEST A TE.COM According to information published by The Wall Street Journal for the time period of 2016. *Per Trendgraphix based on data supplied by MLS.