Real News from Sam Rizk

Rancho Santa Margarita Market Report

admin — Wed, 21 Mar 2012 18:40:26 +0000

CALL ME TODAY TO LEARN MORE ABOUT THE REAL ESTATE MARKET AT 949-374-0303.

Rancho Santa Margarita Market Summary

admin — Wed, 01 Feb 2012 23:27:38 +0000

For more information please call me at 949-374-0303

Don’t Wait, It’s a Great Time to Buy

admin — Wed, 11 Jan 2012 22:28:47 +0000

A Great Time To Buy

The media is full of distressing information about homes for sale, loan problems, housing starts, etc. But this may be the best time to consider buying because sellers are offering very attractive deals to get their homes sold. Just call me and I’ll clue you in to some of these great bargains. You can reach me anytime at 949-374-0303.

Best Wishes…

admin — Wed, 14 Dec 2011 23:29:51 +0000

admin — Wed, 30 Nov 2011 19:04:27 +0000

Rancho Santa Margarita Market Summary

admin — Thu, 17 Nov 2011 01:24:19 +0000

This Week

The median list price in Rancho Santa Margarita, CA this week is $240,000. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trendning down. The market is not giving strong up or down signals from these data.

Supply & Demand

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Quartiles

Quartile	Median Price	Square Feet	Beds	Baths	Age	Inventory	New	Absorbed	DOM
Top/First	$365,536	1500	3	2.5	17	49	9	1	156	Most expensive 25% of properties
Upper/Second	$277,460	1250	2	2.5	16	50	6	3	167	Upper-middle 25% of properties
Lower/Third	$219,900	1038	2	2	22	50	5	1	206	Lower-middle 25% of properties
Bottom/Fourth	$149,863	784	2	1	23	50	11	3	198	Least expensive 25% of properties

Call Sam Rizk 949-374-0303

Carbon Monoxide – Protect your family

admin — Wed, 09 Nov 2011 23:36:07 +0000

It’s the Law!

Carbon Monoxide Detectors Now Required in Homes

Effective July 1, 2011, California Senate Bill 183 (SB-183), the Carbon Monoxide

Poisoning Prevention Act, requires owners of single-family homes that have a fossilfuel burning heater or appliance, fireplace, or attached garage to install carbon monoxide alarm(s) in their homes.

What is Carbon Monoxide?

Carbon monoxide (CO) is an extremely toxic gas that is colorless, tasteless and odorless. CO is the byproduct of incomplete combustion of carbon fuels in heaters and furnaces, wood stoves and fireplaces, and gas stoves and ovens. Because it is impossible to see, taste or smell the toxic fumes, CO can incapacitate or kill people and animals before its presence is detected in a home.

What is the compliance date for installing CO alarms in homes?

July 1, 2011 for single-family homes. All other dwelling units, including duplexes, lodging houses, condominiums, and apartments must be in compliance by January 1, 2013.

What types of CO detection devices are approved?

Where should CO devices be installed, and is one required for each room?

SB-183 does not require a CO device in each room, only that a unit be installed

outside each sleeping area. However, it is recommended that a CO device be

installed in each sleeping room for maximum protection.

Does SB-183 create disclosure requirements with respect to carbon

monoxide detectors?

SB-183 amends the Real Estate Transfer Disclosure Statement (TDS) so that the

seller will have to disclose whether or not the property contains CO detectors. It’s important to note that an answer of “no” will not invalidate the sale, but a footnote explains that a lack of a CO device may fail to meet current safety standards.

Safety Tips to prevent

carbon monoxide poisoning:

• DO have fuel-burning appliances inspected by a trained professional at the beginning of every heating season.

• DO read and follow all of the instructions that accompany any fuel-burning device.

• DON’T idle the car in a garage, even if the garage door is open.

• DON’T ever use a charcoal grill indoors – even in a fireplace.

• DON’T sleep in any room with an unvented gas or kerosene space heater.

• MOST IMPORTANTLY, DO install carbon monoxide detectors throughout the home.

What is Carbon Monoxide?

Carbon monoxide (CO) is an extremely toxic gas that is colorless, tasteless and odorless. CO is the byproduct of incomplete combustion of carbon fuels in heaters and furnaces, wood stoves and fireplaces, and gas stoves and ovens. Because it is impossible to see, taste or smell the toxic fumes, CO can in capacitateor kill people and animals before its presence is detected in a home.

What is the compliance date for installing CO alarms in homes?

July 1, 2011 for single-family homes. All other dwelling units, including duplexes,lodging houses, condominiums, and apartments must be in compliance byJanuary 1, 2013.

What types of CO detection devices are approved?

The approved devices must be certified by the California State Fire Marshall andmeet the following requirements: a device designed to detect CO and producea distinct, audible alarm; a device that is battery-powered, a plug-in device withbattery backup, or a device wired into the alternating current power line with asecondary battery backup.Where should CO devices be installed, and is one required for each room?SB-183 does not require a CO device in each room, only that a unit be installedoutside each sleeping area. However, it is recommended that a CO device beinstalled in each sleeping room for maximum protection.

Does SB-183 create disclosure requirements with respect to carbonmonoxide detectors?

SB-183 amends the Real Estate Transfer Disclosure Statement (TDS) so that theseller will have to disclose whether or not the property contains CO detectors. It’simportant to note that an answer of “no” will not invalidate the sale, but a foot not eexplains that a lack of a CO device may fail to meet current safety standards.

Safety Tips to prevent carbon monoxide poisoning:

• DO have fuel-burning appliances inspected by a trained professional at the beginning of every heating season.

• DO read and follow all of the instructionsthat accompany any fuel-burning device.

• DON’T idle the car in a garage, even if thegarage door is open.

• DON’T ever use a charcoal grill indoors –even in a fireplace.

• DON’T sleep in any room with an unventedgas or kerosene space heater.

• MOST IMPORTANTLY, DO install carbon monoxide detectors throughout the home.

Brought to you by Sam Rizk 949-374-0303

Tips for a Holiday Open House

admin — Wed, 02 Nov 2011 22:50:59 +0000

Thinking of selling your home during the holiday season? Some advantages to selling now are that buyers tend to be more serious and there’s less competition in the marketplace. Check out these tips for a fabulous holiday open house!

• Less is more. Although homes show well when decorated for the holidays, you want buyers to focus on your home, not your decorations.

• Bake holiday cookies and treats prior to showings. The enticing smell will make your home feel cheery and warm to prospective buyers.

• Utilize the Web. When the weather outside is frightful, homebuyers are likely to start their search by browsing the Internet. Provide online photos or a video tour of your home, including a spring/summer shot so buyers can see how the home looks year-round.

• Make your house a respite from the winter weather. Turn up the heat, play soft music and leave homemade holiday treats out for prospective buyers.

• Hire a reliable real estate agent – that’s me! I am available and will work hard for you at any time of the year! Reprinted with permission of RisMedia, publisher of Real Estate Magazine

Introducing 596 Homes in Laguna Canyon Road

admin — Mon, 21 Feb 2011 21:52:09 +0000

The Irvine Company has announced plans to build a gated development on hillsides overlooking Laguna Canyon Road. Models for the new Laguna Altura project are scheduled to open on May 14^th. This project will consist of single family homes in the price range of $600,000-$1 million, from 1,618 to 3,133 square feet. The new designs from the Irvine Pacific Collection will be replacing formal dining rooms with “great rooms” and providing plenty of storage for items purchased as a “Value” or “Family” size.

Siena: Homes from 1,618 to 1,788 square feet, with prices starting in the low $600,000s.
San Remo: Homes from 1,881 to 2, 094 square feet, with prices starting in the low $700,000s
Cortona: Homes from 2,380 to 2,962 square feet, with prices starting in the low $900,000s
Toscana: Homes from 2,806 to 3,133 square feet, with prices starting at more than $1 million.

Call or e-mail the Sam Rizk Team today should you need more information about the new project 949-374-0303 / SamR@RealtyOneCA.com

Open House 111 Bottlebrush, Irvine

admin — Wed, 09 Feb 2011 22:26:33 +0000

Open house on Saturday Feb. 12, 2011 1:00 – 5:00 PM.

4 Bedrooms, 4 Baths, Approx. 3,200 Sq.ft.

Elegance living in Quail Hill. This home offers the most desirable floor plan because of its open spaciousness and bright airy feel with Panoramic Views. Centrally located, fabulous schools and proximity to UCI. It is a Must See.

Call SAM for more information at 949-374-0303.