This is a nice little detached home in a very nice and upscale community in the Newport Coast adjacent part of Irvine.

The home is nicely decorated. The yard is manicured and well cared for.

It turns out this charming little detached condo is all but 1,495 sqft big. Price? The price tag is $985,000.

Where do we find young families that can afford this charming little condo at such difficult to swallow price? Our friendly agent offers the following loans to get that deserving family into this cute little home.

A common and phrase in real estate is “Location, location, location”. What does this phrase really mean?

“Location” is repeated to emphasize how important the location is to the resale value of a home. A careful choice of location can maximize positive influences on future resale value, and minimize potential negative influences.

A “bad” neighborhood has a drastic impact on the resale value of a home. Almost anything on a home can be repaired, replaced, or remodeled to make it more livable and/or more saleable. But the area around the home cannot be changed by one homeowner. The only way to sell a home in a bad or declining area is to reduce the price and even then it may take a long time to sell.