Fourth of July Celebrations!

The Fourth of July is only days away, with many fun events for everyone to enjoy! Below are some of the great events going on in Newport Beach:

  • Newport Peninsula Bike Parade and Community Festival 
    • Time: 9:00 am – 11:30 am
    • Where: Starts at Balboa Blvd and 36th Street – Ends at Channel Place Park
      • The parade ends with a FREE festival including: carnival games, giant slides, jump houses, food, and arts & crafts.
      • Parade participants are encouraged to decorate bikes, scooters, wagons, and strollers. Please bring dogs on leashes.
      • For more information on this event, contact the Recreation and Senior Services Department at 949-644-3151.  
  • Independence Day Parade & Celebration
    • Time: 10:30 am – 1:30 pm
    • Where: Mariners Park – 1300 Irvine Avenue, Newport Beach
    • The parade will begin at the corner of Commodore & Mariners Drive at 10:30 a.m. and the celebration will be held from 11 a.m. to 1:30 p.m. at the park.
    • There will be food for sale and wristbands available for purchase that allow participation in fun games and activities. Wristbands are $15 each ($10 for toddlers) and can be purchased in advance or at the event.  For more information, please visit the Mariners Foundation website at or call the City’s Recreation and Senior Services Department at 949-644-3151.
  • Old Glory Boat Parade
    • Time: 1:00 pm
    • Where: Newport Harbor
      • See the harbor at its patriotic best as boats decorated in red, white & blue move through the water. For more information about the parade, including the best viewing locations, please contact the American Legion Yacht Club by calling 949-673-5002.
  • Fourth of July Flyover 
    • Time: 5:35 pm – 5:40 pm Where: Newport BeachThe Condor Squadron Officer’s and Airmen’s Association, a non-profit organization founded by a group of WWII fighter pilots, will fly AT-6’s over Huntington Beach, Newport Beach, Laguna Beach, Dana Point and San Clemente.
  • Fireworks Extravaganza
    • Time: 9:00 pm
    • Where: Newport Dunes Waterfront Resort – 1131 Back Bay Drive, Newport Beach
    • The City is co-sponsoring a Fireworks Extravaganza with the Newport Dunes Waterfront Resort. Note: Newport Beach residents can walk into the evening fireworks show for free (please bring photo ID).
    • The Newport Dunes has a full day of activities, food and music planned for the Fourth of July. Gates open at 8 a.m. and there will be a $50 per car parking fee throughout the day. Please call 949-729-DUNE or visit to confirm information about the other holiday activities planned at the Dunes. 

Note: The possession or use of fireworks is illegal in the city of Newport Beach. Residents and visitors who wish to view a fireworks display are encouraged to attend one of the many public shows planned throughout the area. 

Source: City of Newport Beach

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Our Treasured Island

The 26th annual Balboa Island Parade is happening this Sunday, June 2nd at 11am! Come and enjoy all of the great things the parade has to offer: Island Dogs, children on bikes, decorated floats & golf carts, vintage cars, USC Marching Band, Keystone Cops, drill teams, marching bands, Local Dignitaries and so much more! Be sure to stick around for the after party, featuring live music and dancing in the street at the Fire Station. The parade has become a signal that the summer season is upon us, and by the looks of it, it’s going to be one great summer! So join locals and tourists alike and line Marine Avenue to take in the entertainment of school bands, local talent, classic cars, great floats, and so much more!


When: Sunday, June 2nd, 2019

Where: Balboa Island, CA (Marine Avenue)

Time: 11:00am (bridge closes at 10:45am)

Cost: FREE

Source: Balboa Island Improvement Association

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Home Buyer Blunders

1.If I could give one piece of advice to homebuyers it would be to stick to your price range and the best way to do this is to be pre approved for a loan. By obtaining a pre approval letter you will know the exact amount that your lender is willing to loan you. This makes it pretty easy to create a price range that you are wanting to spend on your home. The issue buyers face is when they start to throw caution to the wind regarding their price range since things tend to start to spiral out of control if you do not have a real estate agent that will put you back in line. When buyers start to look outside of their price range they tend to fall in love with a home over budget and so every home that they look at after this dream home in their price range will not seem as wonderful as this other home.

Curious as to the difference between pre qualification and pre approval? The difference is that a pre-qualification is an approximation on what your loan can be compared to a pre-approval which is stating that based on an underwriter’s review of your financial information your loan is only contingent on the appraisal of the property (unless something changes with your financials before closing).

2.No matter if we are in a buyers or sellers market, submitting a lowball offer is something to really think about before submitting. When you submit a lowball offer, you are taking a risk that you might come across a seller that is offended by your lowball offer and will not come back with a counteroffer. On the other hand though you could have a seller come back with a counteroffer and due to your lowball offer you’re in a great position. But, are you ready to loose out on the home you want because you are trying to play hard ball? If you can safely say that you are fine with not getting the home then go for the lowball offer. I do recommend that before submitting a lowball offer that you speak with your real estate agent to go over the different outcomes that could come from the offer.

3. Earlier I talked about how a pre-approval is only contingent upon the appraisal of the property unless your finances change, well I will explain this buyer blunder a little more in-depth. During the pre-approval process underwriters are going to review all of your financial information to include your bank statements, salary, assets, pay stubs, credit report and obligations. This is how they decide on the loan amount that you are approved for; so if you decide to go out and make a big purchase, let’s say a new car, you might be risking the purchase of your home. Lenders can run a last minute credit check and if they notice that you just spent a large amount on something, you might just have jeopardized your mortgage approval.

4. When purchasing a home, buyers sometimes forget that you need more than just your down payment to close; you also will need at the close of escrow money for closing costs. You can expect to pay between 2%-7% of the purchase price in closing costs. To get a better ballpark of what your closing costs will be speak with lender.



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What Makes an American Dream Home?

Being a Realtor I am always hearing clients talk about their dream home, but what really makes up a dream home? A recent survey conducted by Digital Third Coast asked current and prospective homebuyers from across the United States about what their dream home would include.Dream_Home_low_res.jpg

Dream Home Criteria

  • Location- The location of where a dream home would be located varied by generation. For Millennials their dream home is located in the suburbs while Baby Boomers are picturing their perfect place near the beach and Generation Xers are ready to settle into their ideal home in the countryside. The variance in location is not much of a surprise based off of each generations age and subsequent needs. For instance, 15% of the surveyed group stated that being close to good schools was a key factor in a dream home. This percentage of individuals are most likely the Millennials and not the Generation Xers who are past their years of worrying about good schools.
  • Size- The ideal size of a dream home is 2,195 square feet. This is interesting to note due to the fact that the average sized home in America in 2017 was 2,422 square feet. So, this means that a bigger home does not necessarily equal a dream home. Gone are the years of people envisioning themselves in a mansion but rather a more manageable home.
  • Age of Home- 60% of people in the survey saw their dream home being a brand new build. This makes sense because if it is a dream home you want to make certain that it is exactly the fit and finish that you want and not an older home that someone else built.
  • Price- What is the most surprising to me about the study was what individuals were willing to spend to obtain their dream home. The study states that the the average price that participants were stating they would spend on their dream home is $1.3 million dollars. What makes this interesting is the average home sale price in June 2018 was $363,300; so this means that in the surveyed group they are willing to spend a million more dollars on a home for it to be their dream home. And 64% of the group surveyed believed that at some point in their life they would be renting or owning their dream home.



Source: Digital Third Coast

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What’s in a Home Value?

As a homebuyer have you ever been curious as to why two seemingly identical homes can have a variance in price? Well, read on to get a more in-depth breakdown of what makes up a homes value.



Source: House Canary

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Homebuying Mistakes by Generation

With real estate, your age does not determine if you will make a mistake or not during the home buying process. The determining factor is if you are prepared with a good real estate agent that will ensure that you do not make these too common mistakes.

Curious as to the what each generation’s mistake is? Read below to find out so that you will not make the same mistake.



20’s: Picking the Wrong Type of Mortgage

Being younger typically means that you do not have the same amount of money saved up as someone a little bit older; this is not something to be too concerned about though because there are great options available for first-time homebuyers. Because you might not have lots saved, this might lead you to believe that an adjustable-rate mortgage is the only mortgage option for you; but there are other mortgage options out there for you that you should at least take a look at.  Many young homebuyers are tempted by an adjustable-rate mortgage, a mortgage that has interest rates that change over time, due to the low introductory rates but as a homebuyer it is a great idea to look at all available mortgages. The federal government has programs such as FHA loans and VA loans and HUD has the Good Neighbor Next Door program which offers home buying assistance for those in law enforcement and teachers. Then there are state-sponsored homebuyer grants, so check with your state to see what your individual state has to offer.


30’s: Not Thinking About the Future

With the average age for an American to get married these days being 27 for women and 29 for men, as a country we are not necessarily considering a future family at the beginning of our 30’s. So while you may be young and single, or newly married, and looking at a one bedroom condo in a high-rise you might want to be thinking about getting something a bit more practical for your future. So, if you are planning on having a family or even a dog, it might be a wise idea to think about if the one-bedroom will fit with your lifestyle in a few years. By thinking about your future when you are making a purchase it will allow you to not have to be forced to sell when you decide to get a dog that needs a yard or have a family. This is not only an issue that young buyers face but an issue that all ages need to think about; what does your future hold and does the home you are looking at cover any and all changes that might happen in your life.


40’s-50’s: Overestimating your Budget

This is another mistake that all generations make, but tends to be an issue with these two age groups the most. Normally, at this age you have more money and this is the problem; you might be thinking just because you are bringing in a larger income currently that you can afford much more but have you made a budget for yourself lately? Creating a budget every few years is very important for your financial clarity; having a budget is not just something that you should have when you are more strapped for cash but a budget is a great tool for your entire life.


60’s: Falling in Love with that Vacation Home

Let’s say that you have lived your entire life in Michigan enduring those cold winters and now that you are retired you take a vacation down to Florida and fall in love with that quintessential beachside community. You decide that you cannot handle one more winter in Michigan and so you decide to buy a two bedroom condo and sell your home back in Michigan. You are on cloud nine until you start to think about the large life changing decision you just made. Homebuyers sometimes forget to think about the whole picture of falling in love with a location that they might not be too familiar with; did you think about the weather year round or the location well? While you might be getting ride of the cold winters you might just be gaining hurricanes and a rowdy Spring Break every year. Before you make any real estate decision make certain you know exactly what you are getting yourself into which is where having a location real estate agent will benefit you since they will know everything that will aid in your decision to buy or not.

Have you made any of these mistakes over the years of home buying?


Source: Bankrate

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Interest Rate Impact

Last May 22nd the interest rate on a 30 year fixed mortgage was 4.05%; now a year later we are facing 4.61% interest rates. With this over half a percent increase in interest rates there is substantial increases in not only what your mortgage payment will be but also the minimum qualifying income necessary to obtain the property. Look at the graphic below to see just how the rising interests rate will be impacting you if you are planning on buying.

So what do all of these numbers mean to you the homebuyer? Well, with rising interest rates it simply means that you will not be able to afford as much house as you would have been a year ago due to your debt-to-income ratio and you will be paying more in your mortgage payments. You may be asking yourself if rates are going to come back down or are they going to continue to rise? Based off of what experts are predicting, rates are only going to be increasing throughout 2018 and into 2019.

If you are interested in seeing what 30 year fixed mortgage interest rates are doing; follow the link to Y Charts.



Source: California Association of Realtors

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