Hows the real estate market?
There's no one size fits all answer
Connect for a localized and personalized answer to figure out where you stand in Orange County’s Market. Now more than ever, finding a local agent to help you figure out the price of your home is so important.
While the past few years have been a roller coaster ride on many fronts, there was a silver lining for homeowners: Home prices have risen considerably especially in Costa Mesa and surrounding areas. You might be wondering if you should take advantage of the climb in values and sell your home or tap its newfound equity. In today’s market you’re probably wondering what the heck your home is actually worth.
Steps to getting a home value estimate:
Fair market value: Fair market value encompasses what your home looks like to prospective buyers compared to other homes in the area. Consider the sale price of a home that’s similar to yours (same number of bedrooms and bathrooms, square footage or outdoor space, say). Find a local Orange County Agent who knows the area and neighborhood well. Prices can vary depending on a street preference.
Appraised value: While the appraised value of your home factors in comps, it differs from fair market value. To calculate appraised value, a licensed appraiser considers the location, size and condition of your home, and any renovations you’ve completed. The appraised value is what mortgage lenders look at when a borrower buys a home or refinances their mortgage.
Assessed value: The assessed value is the assigned dollar value of your home used by local county tax assessors to determine property taxes. “Tax assessors calculate assessed value based on various factors, which may include the appraised value and the fair market value, as well as any home improvements, whether you generate income from the property, and any tax exemptions.
UPCOMING EVENTS & FUN THINGS IN ORANGE COUNTY
Saturday, January 14th
Senior Center Parking lot in Costa Mesa
Dump Day is coming back to Costa Mesa on Saturday, January 14! Caltrans staff will be at the Costa Mesa Senior Center parking lot to collect all your bulky waste that are too big to fit in residential garbage bins - including mattresses, furniture and toys.
January 14, 2023 to January 16, 2023 9:00 a.m. to 8:00 p.m.
At the OC Fair & Event Center
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