Buying Real Estate? Where and When?
People ask us how the real estate market in California is doing on a daily basis. Since we (Rich and DelAnn Lozzi of Ocean and Land Realty) live and work in Southern California, the answer is, “good”. Our motto is, “We make our clients’ money in the real estate market whether it’s up or down”! Real estate opportunities to increase your wealth are present in Southern California depending on the location and when you purchase.
The weather primarily drives the California market. If the location has an average temperature of approximately 72 degrees Fahrenheit (like San Clemente), your value is there. Other primary factors are jobs and work accessibility. That is why real estate prices are higher in Hermosa, Manhattan, Redondo and Malibu Beaches which are a close commute to Los Angeles.
Ocean, lake, river and mountain views are other factors that come into play when purchasing real estate. Buying in ski resort areas like Big Bear or Arrowhead California can be enjoyable as well as profitable for vacation rentals. The same goes for ocean areas like Seal Beach, Huntington and Newport Beaches, Corona Del Mar, Laguna Beach, Dana Point, San Clemente, Carlsbad, Encinitas and Del Mar.
Now is a great time to purchase real estate. Interest rates are the lowest they’ve been in a long time. Over the long run you will make money from your real estate investments, get tax write offs, gain appreciation and have cash flow (investment properties). You’ll make more than keeping your money in the bank.
If you’re ready to increase your wealth and have comfort at the same time, contact Rich and DelAnn Lozzi at 949 525 3766.