Spacious 4 Bedroom, 3 Bathroom Single Family Tustin Real Estate For Sale

We have one final piece of Tustin real estate to showcase this month and we think you'll agree with us in that this listing is a fine piece of property. The home itself is a single family home which includes 4 spacious bedrooms and 3 bathrooms making it the ideal home for families looking for an upscale home with plenty of living space. The home is located in a wonderful neighborhood and will allow it's next owner to use the enormous amount of space in any way he/she sees fit. Currently one of the bedrooms functions as an office which has become a popular trend as of late.

If you're looking at Tustin real estate for the purchase of your next home give some serious consideration to this 2,112 square footer. As this home is quite large it's a natural fit for those with growing or already large families. Tustin is a great neighborhood with acclaimed schools for the children to attend. Couple those things with Tustin's close proximity to several other major metropolitan areas and you've got a great deal!

1500 Ruth Lane

Listing Details:

Property Type: Single Family
Price: $1,399,000
Year Built: 1958
Square Feet: 2,112
Bedrooms: 4
Bathrooms: 3
Stories: 1
Company: Metro Estates
Agent: Bob O'Brien
Office: (714) 504-0230

This piece of Tustin real estate is not expected to remain on the market very long and so if you are interested in this listing please contact Bob O'Brien to schedule a viewing or for additional property information. You may also visit Bob's website for a list of all of the homes currently available in and around the Tustin area.

Bob O'Brien

714-504-0230

www.bobrealestate.com

Tustin Foreclosures, Short Sales, and REOs

California and the entire country is in an interesting real estate market right now. Tustin home prices and prices across Orange County have significantly dropped, which creates "distressed sellers" and new rules when it comes to buying and selling Tustin real estate.

We wanted to take a moment to define the difference between an equity seller, a short sale, and a foreclosure property. This way you as a buyer have a better understanding of the emotions and reality behind that Tustin home for sale you're considering!

First off, we have a "normal" or "equity" sale. This means the owner of the property has a mortgage on the home for less than the property is actually worth. The difference between the amount mortgaged and the amount the property is worth is called "Equity". Equity is a good thing; because you can do a normal, traditional California real estate transaction between buyer and seller.

Tustin Short Sales

Short sales are also a factor in our current market. What is a short sale? Well, its best described as a property where the owner wants or needs to sell the home, but they unfortunately have a mortgage on the property for more than the property's current market value. Home prices historically go up and go down, and in a short sale, the owner is in a down market but needs to sell their home.

Tustin short sales and all short sales are complicated to deal with, so you'll want to use a professional Realtor who has experience with the process. If you're buying a short sale, the bank is also a decision maker in the transaction. What does that mean? Well, it means waiting for a response on your offer, and negotiations with seller AND bank. In essence, the agent representing the short sale seller must convince the bank to sell that property at a price less than the owner bought the property for, so the bank and the owner are both losing money. In addition, the bank may have their own opinion on what the property is worth, so the price you offer at may not necessarily be the price you end up paying.

Many times, short sale owners do not want to leave their property, but due to job or medical factors, they can no longer make payments and they need to downsize. This makes dealing with short sales an emotional process, and its another reason why its so important to have a professional Tustin Realtor like Bob O'Brien to help you stay focused on the homebuying task at hand.

Tustin Foreclosures

The last type of property you'll find in the current Tustin real estate market is a "foreclosure", or bank owned "REO". REO simply stands for Real Estate Owned by the bank. Tustin REO properties sell FAST, because many times the bank will price the property BELOW market value to sell it quickly. Sometimes a short sale property does not sell, and the owner is late on payments, so the property gets foreclosed on and becomes official property of the bank.

Buying a Tustin foreclosure isn't an easy process, though. You'll need to battle with all cash investors, multiple offers, and also be prepared to deal with the bank's paperwork; NOT the typical paperwork and transaction designed by California Association of Realtors. This scares away certain buyers, but if done with the right professional and research, you can get a GREAT DEAL purchasing a foreclosed home!

The strategy and process of purchasing an equity sale, short sale, or Tustin foreclosure varies greatly, so make sure to call us 714-504-0230 to avoid costly mistakes and heartbreaks!

Bob O'Brien

714-504-0230

www.bobrealestate.com

Tustin, Ca Foreclosures

There's a lot of buzz questions going around about bank owned foreclosure properties (also known as REO listings). How can you get buy a bank owned property? How much do Tustin, Ca foreclosures run?

If you have questions about Tustin foreclosures you're in the right spot. As a Tustin real estate specialist, Bob O'Brien can help you with all kinds of Tustin homes - short sales, bank owned foreclosures, corporate sales, and normal equity sales.

Sign up for Tustin, Ca foreclosure lists

Are you looking to buy a Tustin foreclosure property? You're in the right place - sign up for the updates above and you'll receive an email about any new Tustin foreclosure the day it comes on the market. This will give you an edge above others because foreclosures sell FAST!

What does it take to buy Tustin or Orange County foreclosures?

There are a few factors to consider when buying a foreclosure, it's not for everyone!

1. Be prequalified and ready to write your offer. Most foreclosures in Orange County sell with multiple offers within 5 days of listing in the MLS. You'll need your proof of funds and loan approval ready to show the bank.
   
2. Expect the bank to make their own rules. After signing the original California Residential Purchase agreement, the bank almost always wants to write a different contract with their terms. This is why you need a professional Realtor to assist you!!!
   
3. Inspect, inspect, inspect. One of the terms the bank typically writes out of the contract is liability due to issues including damage or mold in the property. Its crucial you do your due diligence and have a thorough inspection so you know all the problems with the property you're about to buy.

Call Bob, your Tustin foreclosure real estate specialist at (714) 504-0230 if you'd like to take a tour of Tustin, CA foreclosures. Buying an REO property isn't easy, but help is available, and our services are completely FREE to you...there's nothing to lose!

Bob O'Brien

714-504-0230

www.bobrealestate.com

4 Bedroom, 2.5 Bath, Upscale Tustin Real Estate For Sale

Showcasing various pieces of Tustin real estate is common place on this blog and is done to give those looking at homes in the Tustin area an opportunity to look at homes from the comfort of their own home before scheduling a showing. Though all the listings showcased on this blog are fantastic in their own way, occasionally Tustin real estate agent Bob O'Brien has a very special listing that he wants to share with everyone who's looking at purchasing a new and unique home.

This months listing is one such listing. Titled "GLAD YOU WAITED FOR THIS ONE", this single family 4 bedroom, 2.5 baths is a great deal at the asking price of $708,900. As one might expect from a luxury home such as this, the property comes complete with all the amenities that make living in such a home comfortable and leisurely.

• Gourmet kitchen with built-in appliances
• Bathroom with his and her sinks
• Separate glass enclosed shower and a luxurious oval tub
• Community pool
• Spa
• Clubhouse

10939 DISHMAN PL., TUSTIN RANCH, 92782

Listing Details:

Property Type: Single Family
Price: $708,900
Map Coordinate: 830H1
Year Built: 1994
Square Feet: 2100 - est
Bedrooms: 4
Bathrooms: 2.5
Lot Size: 5000 est
Garage: 2
Stories: 2
Company: Metro Estates
Agent: Bob O'Brien
Office: (714) 504-0230

This piece of Tustin real estate is very special and it's likely that it won't remain on the market long due to it's upscale nature and location. If you're interested in this listing please contact Bob to schedule a viewing. You may also visit Bob's Tustin real estate website for a complete list of the homes currently available in the Orange County area.

Bob O'Brien

714-504-0230

www.bobrealestate.com