Hey guys. Hey, today we're going to talk about the three most expensive neighborhoods here in Murrieta, California. So if you want to know where these neighborhoods stack up and a little bit more about them, go ahead and check out this video and we'll give you all the info.
Hey guys. Hey, again, my name is Justin Short. I'm a realtor and team leader here at RE/MAX One in Murrieta, California with the Short Real Estate Team. Again, wanted to create this video and talk to you today about the three most expensive neighborhoods here in Murrieta, California. We're going to count them down for you, and give you a little more information about them so that way you know where they stack up and see if it's a place that you might want to live. First, couple things wanted to talk about. If you are liking the content, and you think these videos are helpful, please go ahead and hit Subscribe, and also if you can Like the video as well. That helps me. We're trying to grow the channel, and we're getting some more traction, and so would definitely appreciate that as well.
Then let's go ahead and we'll jump into the info. First want to give a little disclaimer. We're going to talk about the three most expensive neighborhoods, but we are not taking into account some of these larger lot communities. There's a handful of them out here, which would be like the Tenaja area, La Cresta, some of these other custom home areas which are going to be like on north of three acres, north of four acres, north of five acres. Some of these big large properties that are custom. That's not what we're talking about today. We're talking about some of the track homes or semi-track homes that are here in the area.
We're going to start at number three. The third most expensive neighborhood here in Murrieta, California is Greer Ranch. Greer Ranch is a great community. It is a gated community here in Murrieta. It is located North Murrieta, so north of Clinton Keith. Clinton Keith Road is a major road that connects the 15 and the 215 freeways. It's north of Clinton Keith. It's guard gated. They definitely have an HOA. They're definitely very strict on their policies, and everything is always squeaky clean. Right? You got to show your ID to get in there. For me when I go to show homes I got to bring my special little realtor ID card to get in, so they're definitely super strict.
They have their own security team. They monitor speed limits. They have their HOA that's in place, so they make sure that your lawn's taken care of, that all the houses are looking nice and clean. And really they should. I mean it's a premium neighborhood and that's really one of the reasons that people want to live there. Right? So they have a great HOA. There's a great clubhouse. There's community pools. There's some walking trails in there, and there's a couple gates that you can use to come and go from if you live there in the community. But there's just the one that's guard gated. I think it's a great area. That's the third most expensive area here in Murrieta, California.
The second most expensive neighborhood here in Murrieta is the Murrieta Ranchos. This one's kind of cool. I think it's a little bit unique. It's the only one that's not in a gated community that's on our list. That's located, it's definitely West Murrieta. Kind of right off of Washington, which is a very, very central location. But what makes this one desirable, it's not the HOA, because there's no HOA, it's not the guard gates and all that because that doesn't exist, but that it's nice open large lots. These are anywhere from like one-third of an acre lots to a half-acre lots, which are super cool. They're big single stories. That means you have a lot of space between your neighbors. There's no two stories around you, so a lot of privacy. There's some really cool custom features.
Like you'll see detached garages. You'll see RV parking is very, very common in there. You'll see definitely a lot of pools, there's a lot of space. A lot of times people even have little custom setups in their backyard like sports courts, like a basketball court, or tennis courts, or things like that. So super desirable lots. People love the single story. Single stories are always going to have a little bit of a premium, and just the potential just because of the size that you have there. So those are all the reasons that make the area super desirable. Also, one more thing to mention, along with the no HOA, there's also super, super low property taxes in there. So you don't have those high special assessments, and so you have those low property taxes which helps make it relatively affordable for people.
The most expensive neighborhood here in Murrieta, California is Bear Creek. If you're from the area, you're going to know it well. Bear Creek, again, is located kind of like West, Northwest, Murrieta, really West Murrieta. Super, super desirable. Also, it's a guard-gated community. They're definitely strict with the HOA. They have a lot of rules. It's built around a private golf course, which is great. There's been some famous golfers that have lived there, and train there, and kind of made their own way there, which is cool. And there's a big array of different properties. You have anywhere from small little attached condos, then you have kind of your midsection, which is like their detached condos, where the HOA takes care of a lot of the maintenance.
You also have some semi-custom homes, and then you have the high-end, real true high-end custom homes as well. So you're going to see that price point anywhere from starting around 400,000 range for those condos goes all the way north, north of a million, almost $2 million dollar range, north of $2 million now that we start seeing them sell for. That's definitely the high end in Murrieta. It's the highest and most expensive neighborhood here in the area. You get a lot for your money. It's a great community, offers a lot, and it's got a great location as well.
I mean hopefully this video helps. Hopefully it gives you a lay of the land for the nicer areas here in the City of Murrieta. If you have any questions about the communities or if you want to reach out to me in any way, you can feel free. Again, you see my information, call, text, email. And if you're liking the content, again, please go ahead and hit Subscribe. It always helps me and we'll make sure we keep you updated each week as we send out those new videos. So hopefully talk to you soon. Thanks.
Do's and Don'ts after you apply for your home mortgage
If you want to know the dos and don'ts for you after you apply for your home mortgage, watch this video, we'll get into all the info to make sure you don't make those mistakes.
Hey guys. Hey, my name is Justin Short. I'm a realtor and team leader here at Myriad of California at RE/MAX One for the Short Real Estate Team. We want to create this video to give you some information on some of the mistakes that we see a lot of people make after they apply for their home mortgage. Hopefully you guys are finding these videos helpful. If you're liking the content, please go ahead and hit the button to subscribe and give us a thumbs up. That really helps us. We're going to keep sending out videos once a week. We'll go ahead and get into the tips.
Tip number one is going to be do not deposit cash into your checking or savings account without first clearing it with your lender. They need to have a paper trail on all funds are being deposited into your accounts, so cash can really throw off some red flags, especially a large sum of money. I think a lot of people are aware, or hopefully you should be aware, that your down payment needs to season in your account if it's cash. That could be a period of time where you need to deposit your money into the account, it needs to season, it needs to sit there for a certain amount of time before you can actually use it.
A lot of times, that's a long period of time. That could be 90 days, 180 days. That can really throw off your real estate transaction if you deposit that money, and you're going to use that for your down payment, and you go in and get into escrow on something. There are solutions and things we can do to help you through that, but you got to communicate that, especially with the lender. Let them know what your plans are, where the down payment's coming from, where the funds are coming from. Make sure there's a proper paper trail for you.
Tip number two is going to be to make sure that you don't make any large purchases, like a new car, or other even furniture for the new home. A new car, obviously that's a big purchase, but most people are going to finance that. When you finance that new car, that's going to become debt that your lender is now going to have to take into account into your monthly payment. That could definitely throw off your ability to qualify for the next home. Especially, that could be a $300, $400, $500, $600 car payment, and that can really throw things off. Please, please, please do not purchase a new car while you're in escrow. That could jeopardize your ability to be able to purchase that new home, or furniture works very, very similarly. You don't want to spend cash to buy furniture or finance that furniture, and that's going to be debt that your lender has to take into consideration that may be able to throw off your ability to qualify.
Tip number three is going to be do not co-sign for any friends or family while you're in the escrow process. Once you have that approval, the lender is really giving you that pre-approval saying, "Hey, yes, you're going to qualify to purchase a home," which is great. But, if you turn around and you co-sign for somebody for a car, that now becomes debt that's going to be taken into account on your credit report and on, really, your income statement. That could definitely affect your ability to qualify for the new home. Please, please, please, wait to co-sign until after you close escrow.
Tip number four is going to be to not change bank accounts while you're going through the process. You're going to need your paper trail. You're going to need to show where money is coming from. You're going to need deposit receipts. You're going to need to show that history there for yourself, and to be able to show the lender, to be able to get approved for the mortgage. If you change bank accounts, that can cause some issues, because you're going to have to switch everything over. Your old bank may delete a lot of your information. You may not be able to access that information easily. You're going to need bank statements, et cetera. That can really pose a lot of issues. I personally have had a client do that before, and it caused us about a 45 day delay. Luckily, they were able to turn around and close, but it really, really messed up the lending process and we had to wait for a new statement to come, and cause a lot of headaches.
Tip number five is going to be don't apply for other new forms of credit. Don't go out and apply for a credit card. Don't apply for a car loan or any other type of loan. Your credit's been approved, right, you're pre-approved, you're ready for that home shopping period, but that's based on today's current status. If you take on a credit card, and that maybe you even use the credit card, that becomes debt, that may throw off your ability to purchase. Just be careful. We want to really not do anything with the credit to jeopardize until you actually get into the home, and then you can go ahead and live your life accordingly.
Tip number six is going to be to make sure that you do not close any credit card accounts. Credit cards can be a good thing. They show as available credit. Right? That can be good for applying for your mortgage. That's going to help boost your credit score if you have more available lines of credit. Those are usually going to be a plus. But, if you turn around, if you close that, that can negatively affect your credit score. That may bump you down to a lower tier, cause you to have a higher interest rate, and just have a negative effect. Or, maybe ruin your opportunity to be able to qualify. You may be right there on the threshold of having that minimum credit score to qualify for the home loan. You want to hold off on making those changes. If you want to cancel the credit card a month after you close escrow, go ahead and do it then. But, please not while you're in the home shopping or the escrow time period.
Hopefully those tips help. Obviously, purchasing a home is going to be the biggest purchase you're going to make throughout your life. It is going to be a time-intensive process. It could be a 30, 60, 90 day process with the home search and everything factored into that. It's going to take some time, but just know it's a temporary period here where we really, we don't want to touch our credit. We don't want to ruin that process. We don't want to jeopardize your ability to be able to purchase. I just want to put those other items that we talked about on hold. Wait until actually you close. You can deal with them then, and make sure nothing changes for you. Hopefully the tips help. Again, if you're liking the content, please go ahead and subscribe. You can feel free to reach out to me anytime if you have any specific questions about dos and don'ts. You'll see my information below, more than happy to help any way I can, and hopefully talk to you soon.
If you want to know the pros and cons of moving here to Murrieta, California, watch this video. We'll get into the good parts. We'll get into the bad parts. And hopefully give you the right information to make sure you're making the right move for you and your family. So go ahead and stay tuned.
Hey guys. Hey, my name is Justin Short. I'm a realtor and team leader here in Murrieta, California at RE/MAX One with the Short Real Estate Team. Appreciate you watching the video. We're putting out these videos once per week. We do market updates. We're giving you community information, all types of different things. So hopefully you're liking the information. Please go ahead and hit Subscribe. We'll make sure you'll stay updated on all the videos. And also if you're liking it, please hit the Like button as well. That helps us and the channel. We're just trying to grow it. So I would really appreciate it.
A little information about me. So I've lived here in the Murrieta, Temecula Valley for over 20 years. I know the area really, really well. There's a lot of pros. There's definitely some cons as well, so. But I wanted to give you some perspective, especially if you're thinking about relocating here and you don't know too much about the area. Hopefully give you some information that will help you determine if this is the right location for you, and if it would be a fit for you and your family. So we'll go ahead and get into it.
All right, so we're going to do the pros first. So pro number one is really this is an affordable area for Southern California. And that's really a big driver to our area and our market here. So we are located, if you don't know quite where we're at, so we're Southern California, we're just north of San Diego County. We are, I guess that would be, east of Orange County and kind of southeast from L.A. County. And so this is part of the Inland Empire, a part of Riverside County, we're South Riverside County. And one of the reasons that makes our area so desirable is we're much, much more affordable than San Diego County, Orange County and L.A. County.
So a lot of people will actually live here and they will use it as a bedroom community and commute out to different areas. So they'll live here, commute to San Diego, commute to Orange County, commute to L.A. And the reason, because it's so much more affordable here, you can get a lot bigger house for your money than you can out there. I mean, people probably know, just Orange County, L.A. and San Diego, just pricing is through the roof. So it's a lot more affordable here for being in Southern California. So that's definitely the first pro to the area.
Pro number two is one of the other reasons so many people want to live here is the school districts. So the school districts here are awesome. So it's Murrieta School District. Also just south of us, the next city over, that's Temecula School District is rated super high as well, actually even slightly higher. And that's a big pro if you have a family, if you have kids and you want them to be a part of a good school district. That makes this area super, super desirable. We actually have some people that move here just for the school district. And then as soon as the kids move, they move on and move out to a different area. So definitely a big pro there.
Pro number three is going to be the fact that Murrieta is one of America's safest cities. So each year there's a list that's put together of all the safest cities throughout America. And over the last five, six years, the city of Marietta has been consistently ranked in the top 10 and top 15 of that list. So, I mean, that's a huge honor. That's a big plus. If you have a family or if you're thinking about looking for a safe place to move, which I'm sure most people want to be in a safe area, that's a huge, huge draw to the area here. So one of the safest cities consistently throughout the entire United States.
Pro number four is going to be just the general location. So we talked about we're here in Southern California. And really you can get just about anywhere from where we're at in about 45 minutes to an hour. So we're about 45 minutes to an hour from the beach. We're about 45 minutes to an hour from the desert. You're about 45 minutes to an hour to downtown San Diego. You're about 45 minutes to an hour to Orange County. You're about a little over an hour up to the mountains. You're about a little over an hour to L.A. So you're very, very central location. So everything's within driving distance. It's not like it's a long three, four or five hour commute to get places. Obviously this is an established town. There's a lot to do here, but if you want to take that trip, there's a ton within a very, very short driving distance. And so there's always plenty to do.
And then pro number five is just going to be the general community here. It's just a new community. Temecula, Murrieta has been established for quite a long time, yes. But really most of the town was started being built late '90s, mid '90s, mostly late '90s through the mid 2,000s. Even until today, there's still new construction that's going on. So because of that, that means there's newer homes. That means they're stucco homes with new tile roofs. So new construction, the stucco, they're freshly painted. It has that suburb community feel. That means the shopping centers are newer. That means the strip malls are newer. That means the parks are newer. It's just a newer community. Definitely have that clean feeling. It feels safe. It looks safe. It is safe. And I think that's one of things that's super desirable. It's just a nice clean suburb community that's newer and well-kept, well taken care of.
So those are the pros of living here in Murrieta. And we'll go ahead and get into the cons. So the biggest con for people is, although we are near a lot of things, we just talked about we're 45 minutes to an hour, so we're pretty near a lot of things, we're really not super, super close. We're not right next to very much. So you have the town here, Murrieta, Temecula, but you're not five minutes from the beach. You're not five minutes from the desert. You're not five minutes from the downtown area. You do got to make a little bit of that commute, that little bit of that trip out to get to the airport, to do those types of things. So although it is a pro in my opinion, to be fairly close to a lot of things, it can be a con for some people as well. It's not like you're walking distance to the beach. So we just got to be realistic about the location and know we're not right next to a lot of those things.
Con number two is going to be really the pricing. So although we talked about we are affordable for Southern California on a nationwide scale, throughout America we're definitely a high price point. So the average home right now in America sells for about $225,000. That's the latest stat that I saw. So, but here in Murrieta, the average home is selling for about $620,000. So we're definitely much, much, much higher over the average price throughout the nation. For Southern California, yes, we're probably 30% less than most of the surrounding areas, Orange County, L.A., San Diego County. On national scale, you're still paying a California premium to be out this way, for sure.
The biggest con number three is going to be the commute. So where we're at, we're definitely more of a bedroom community. There's really not a ton of big business or big industry here local. There's a ton of homes, a lot of nice communities, great schools, all that good stuff, but not a ton of big, massive employers. So because of that, most people will live here in Murrieta, Temecula and they will make the commute.
So we talked about people living here, commuting to San Diego, commuting to Orange County, commuting to L.A. So that is definitely the biggest con. The average commute out here, I would say, was anywhere from 45 minutes to an hour and 15 minutes. That's one way. So if you're going two ways, I mean, that's an hour and a half to, what is that, two and a half hours in the car. So that's a big swing. That's a big difference.
Now this is March, 2021. So we're kind of hopefully near the end of COVID with any luck, right? But that has obviously changed a lot of things for people. Much, much more of the population is now working from home. So that is making the commute less of an issue. People are either working from home full-time or they're commuting to the office only one day a week or two days a week. So that's really, makes that commute a lot more palatable, right, if you only have to make a portion of that drive. But that's definitely been a con. That's probably one of the biggest cons for people, ever since I've lived here, for over 20 years, is the commute. So living here and have to make that commute out because not a ton of industry. So something to think about for sure.
And con number four, and this isn't going to be for everybody, but some are definitely going to feel this way, and they're going to call it the cookie-cutter tract homes. So we're definitely in the suburbs out here, right? You definitely have a lot of that newer construction. We talked about homes are built anywhere from the mid '90s to mid 2,000s, all the way up to now, to still new construction. But because that means you're having these big builders, like a KB Homes, like a Richmond American, like a D.R. Horton come in and build 800 to 2,500 home communities all at once in, in tracts, right? So because of that they have four floor plans. They have a couple of different fascias and a couple of different looks on the outside and a couple of different colors.
But overall, the homes all look and feel very, very similar. So they're a little bit tight, closer together, as far as the lots, for the most part. And a lot of times we have people relocating, they may be used to another area where they're all custom-built, bigger lots. You have one with a brick front, you have one with wood siding front, one that looks like a cabin. You're just not going to have that out here. Definitely little bit more of that cookie-cutter feel. For me, I think you can interpret that as a pro, just because everything's nice and it's well-kept and well taken care of. But if you're looking for more of that diversity, probably not going to find a ton of that out this way.
And then the con number five is going to be really just, it's a hard market for first-time buyers to get into. So I talked a little bit about the pricing, but if our average price point now is getting up to north of $600,000, well, that's really, really hard for a first-time buyer to get into, right? Because a first-time buyer, you got to have that down payment saved up. And it's a lot easier to save up down payment for a $200,000 home than it is a $600,000 home, right? I mean, that's just reality. So it can definitely be a hard market for a first-time buyer to get into. It's not impossible. We definitely see people do it all the time, so it can be done, yes. But it just can be a challenging market to start out on.
Because of that, we see a lot of people that maybe start with a condo or a townhome. Build some equity over time, pay down the principal, hopefully equity goes up, and then be able to sell that and then transition into the next home. So it calls for a little bit more of that starter home area and then kind of move on up from there. And hopefully that info helps. I've lived here for 20 years. I love the area. I think it's a great area. I have a couple of young kids, I have a wife and we don't see ourselves really ever moving at this point.
And so I think it's an area you should definitely consider. If you have specific questions, you can feel free to reach out all the time. Or you can feel free to reach out anytime. I have people that text me or call or email me and would love to chat, for sure. Don't be shy. Feel free to reach out. I'd love to help any way that I can. If you're liking the content, you think this info is helpful, please go ahead and subscribe. Again, like I mentioned, we're sending out the videos once per week. Hopefully keep you guys updated on the area and hopefully educate you on the area. And like I said, hopefully be able to talk to you soon. Thanks.
Are you thinking about moving from Orange County to Murrieta or Temecula?
Hey, if you are thinking about moving from Orange County out here to the Murrieta-Temecula Valley, and you want to know what the cost of living difference is going to be, watch this video, we're going to get into all the details.
Hey guys. Hey, my name is Justin Short. I'm a realtor and team leader here at the Short real estate team at RE/MAX ONE in Murrieta, California. And today we're going to take some time, we're going to create this video for you and talk to you about what the difference is in the cost of living from here in Murrieta, California in the Temecula area, out to Orange County.
So we're seeing a lot of people right now that are coming out this way from Orange County out to the Murrieta-Temecula Valley, and there's a lot of reasons why. I think most people would probably realize we're a little bit more inward in location, a little bit farther from the beach, right? And because of that, our home prices are less expensive. You can get a larger home for less money. So that is a big savings for people, especially right now, as we're still finishing up COVID, going through that, a lot more people are working remotely, working from home. So if you're able to do that, you'd probably rather do that in a 3500 square foot home than a 1200 square foot home, right? So we're seeing a lot of people migrate this way from San Diego, Orange County, LA, but today we're going to focus on Orange County and get into some of the details. We're going to talk about rent pricing. We're going to talk about home pricing and just overall cost of living. So we'll go ahead and get into it.
Number one, and the big thing, we kind of hit on it a little bit, but the overall home prices are much, much lower here in the Murrieta-Temecula area as opposed to Orange County. So right now, this is the freshest data I could find. The average home in Orange County is selling for $782,000. So that's like three quarters of a million dollars and the average home size there, you're probably looking at 1800, 1900 square feet. So not necessarily a huge home, at least from a lot of what we see out this way. And then the average home price here in the Murrieta-Temecula Valley is 550,000. So you're going from 782 to 550,000. So that's 200, over, it's a $232,000 price swing. And that's a big deal. That's a huge difference in monthly payment and a mortgage, and just your overall costs from what you're going to have to pay. And the same home out here in Murrieta, that average home is probably much closer to 3,000 square feet. 2800 or 3,000 square feet. So you get a lot bigger home for a lot less money. And so that's why we're seeing so many people make the move.
So that covers home pricing. But a lot of people when they're making the move to the area, maybe they're not sure if this is really where they want to live long-term, kind of trying to feel out the area, so we also took a look at rental pricing. So you're maybe more of a temporary move or saving money up to actually purchase the home. But the average price right now, our cost to rent a home right now in Orange County is $3200 a month. So, and again, that's that 1500, 1600, 1700 square foot home, 3200 bucks a month. I mean, that's like 800 bucks a week. It's not cheap to live there. And as opposed to coming here to the Murrieta area, the average rent right now is anywhere from 2250 for a three bedroom, up to about 2600 for a four bedroom. So that's a huge swing. For a three bedroom to three bedroom, that's like a thousand dollars swing per month. So that's a big difference. And obviously if it's a four bedroom, it's a little bit more here. But lot sizes, you're going to have a little more here. You're going to have more yard space, and just overall bigger homes for sure, for less money.
A lot of people ask us about utilities when they're coming out this way. They're not quite sure on what to expect out here. So really, it's actually very, very similar pricing between Orange County and the Murrieta area here. The stats show the average utility cost is about $230 per month. So that's water, gas, electricity, all bundled together, so that's going to be very similar from Orange County out here. One thing I would say is maybe different from a lot of Orange County, is here locally we have natural gas to pretty-much all of the homes. That's not always the case in all of Orange County. Some people only have electric and no natural gas. So we have natural gas, electricity, and of course water as well.
So, gas price, like gas prices for your car. Your gas pricing's really about the same. We pulled up the stats. The average cost for a tank of gas or per gallon right now is $3 per gallon here in the Murrieta-Temecula area, and out in Orange County it's about $3 as well. So within a couple cents, depending how close to the freeway you are. Average cost to eat for somebody right now out here in the Murrieta-Temecula area. If you're going out for a meal at a restaurant when they're open. I know we're still going through COVID, so when you can go and sit outside, the average cost is about $60 for a group of four, so that's about $15 a plate. That doesn't include any alcohol. And then if you're going to be out in Orange County, it's actually about the same. To give you something to compare it to, the cost of living's very, very similar there just as far as overall restaurant costs.
And then overall grocery expenses. Stats show it's really about the same. There's no more difference in pricing throughout most of Southern California. So Murrieta area compared to Orange County, really about the same grocery store pricing. Although I know they do have more higher end stores out there, so if you're not at an Albertson's or a Stater Bros. or just a normal family grocery store, if you're stopping at Trader Joe's or any of the high-end grocery stores, obviously you have more of a premium there.
And then taxes. People do ask me a lot if the tax rate is higher here. We're talking about income taxes, and the answer's no. Obviously we're in California and we do have a high state income tax. They say the Sunshine State tax. We have that 13% income tax, and that's going to be the same whether that's here in Murrieta or comparing it out to Orange County.
And then just overall cost of living. We did want to mention just comparing Murrieta to the rest of California. Obviously that's going to be, there's a pretty big spread there. So you're looking from LA County, Orange County, San Diego County, and then we're South Riverside County. And obviously there still is a lot of other areas here in the state that maybe aren't as expensive as some of the higher end. But compared to the average and for the state of California, the average cost of living here is a little bit lower here in the Murrieta area. And it's newer. We're kind of a new construction area. We were built anywhere from the mid-'90s through 2010. I mean, there's still building now, but most of them were finished up in 2010-ish area, so you're going to have a little bit lower cost of living, but with all that.
And then income. I did get some questions about overall income and job rates and things like that. The average income for the City of Murrieta for a household is about $75,000 per year, and then the average income for Orange County is about $90,000 per year. So overall, I think it's pretty clear to see, especially with the house pricing difference, this is a less expensive area to live in than Orange County and that's why a lot of people are coming out this way. And you can get a bigger home for less money, is really what it comes down to.
But at the same time, we're not really too far away from any one thing. So where we're at, I think it's a pretty central location for Southern California. We're about 45 minutes to San Diego. We're about 45 minutes to Orange County. We're about an hour-plus out to LA. We're about an hour out to the mountains, 45 minutes, an hour to the beach, 45 minutes to the desert. So we're pretty central as far as that goes. And for an affordable area that's still growing, where we're still expecting pricing to go up and build some equity over time, I think it's a really hard area to beat.
If you have any specific questions about different costs of living or any other real estate questions that I can answer, you can feel free to reach out anytime. I do love helping people so I'm more than happy to answer any of the questions you may have, or just spend some time with you and help you start the process.
So you can feel free to reach out. You're going to see my information there below. And if you're liking the video, please go ahead and subscribe. We're going to keep the videos coming once per week, so hopefully it's helpful content to you if you're thinking about moving this way or relocating out this way, or if you just want to keep up with the other real estate markets. So, thanks for the time and have a good rest of your day.
Are you concerned about making the move to downsize during covid?
Hey guys. Hey, if you were thinking about downsizing your home during the COVID-19 pandemic, watch this video, we'll get into all the dos and the don'ts and the mistakes that we're seeing a lot of people do right now, as they're trying to downsize. So check out the video and we'll get into all the details.
Hey guys. Hey, my name is Justin Short. I'm a REALTOR and team leader here with the Short Real Estate team at Remax one in Marietta, California. And wanted to take some time today to talk to you about what you should do if you were looking to downsize during the COVID-19 pandemic. So right now, obviously we're all going through the same thing. Just to timestamp this, so this is February, 2021, and we're still dealing with COVID right? So we are starting to see some vaccines and things roll out there, but we're all definitely still wearing masks. There's still social distancing, and there's still some real health concerns that everyone has right now. At the same time, the real estate market is just been on, completely on fire. So it's a super, super heavy seller's market. There's not enough available homes for sale. And so because of that, when you looking to buy it can make it very, very difficult to buy your next home.
It's very competitive. We're seeing multiple offers. We're seeing pricing go up over asking price. We're seeing aggressive, super, super aggressive offers. So one of the biggest challenges that we're seeing is for our clients that are looking to downsize, where they are in a big home, right, they're in their big 3,500 square foot home, where they've got a pool in the back and maybe they're empty nesters, right? Maybe the kids have moved out. Maybe the kids are in college. Maybe their kids are out doing their own thing. And they got the two story and they want to downsize to the single story. So they're in a good position on one side and not so good position on the other. So right now, because of the seller's market, they can get great terms and a great price for their current home. So, which is awesome, but getting your offer accepted on the next one, the single story, it can be very difficult.
So we want to take some time to kind of talk to you about the details and kind of what we're seeing work best for our clients. And hopefully it's something that can help you out too, if you're looking to downsize.
So I think the first step is going to be just take some time and think about what your overall goal is going to be, right? So are you looking to downsize? Why are you looking to downsize? What areas are you open to moving to? Are you going to stay here locally in the Marietta Temecula area, are you moving out of state? We're seeing a lot of people do that. Are you moving just out of the Valley here? What is your goal and just kind of assess what direction that you're going to be moving to because a lot of times what we're seeing is, we're seeing a lot of our clients that they have their home here, they know it's a hot market and they don't necessarily know what that next plan is going to look like.
So, but the issue is if you put your home up on the market without a plan, I can sell your home quickly. There's no doubt about that. We can get 10 offers. We can sell over asking price. We can get super aggressive terms, but at the same time, if you don't know where that next step is, that offer is going to come very quick. You're going to sell your home very quickly. And then you're looking 30 days, you got to be somewhere. So you got to have some sort of a plan. You got to know where you're moving. You got to negotiate some sort of a rent back. So very important to make sure you have that plan ahead of time and not think, well, let's put it up for sale, see what happens and then we'll execute and that's just not a good strategy right now.
So make sure you have a plan, also at the same time so we've kind of laid out three plans and three different things that can happen. If you are looking to get into your next home, which most people are if you're looking to downsize, right? So we basically have three good plans. So the plan number one is going to be, if you have the ability, which not everyone will, but to buy your home now, before you sell your current home. But if you're able to do that, not everyone can, but if you have the cash in your pocket for a down payment, if you have the cash maybe sitting in some 401k or retirement area or something where you can pull temporarily, to be able to put that down towards the next home, that becomes a lot more desirable because the biggest issue when we're writing offers on your next home, if you need to sell your current home, your offer becomes contingent.
So your offer becomes, your offer to purchase the next home, becomes contingent upon selling your last home, your current home. So the issue with doing that is when they have 10 offers, you're at the bottom of the pile. You're just not going to be taken seriously. You're not able to get that offer accepted. So if you have that ability to buy the next home ahead of time, that's always going to be super ideal and then we can turn around and sell your home, your current home very, very fast. It's not an issue. We can do it within a week. We can advertise it, we can all do the special things and get the job done for you. So that's ideal, even if it's temporary. If you can borrow the money from someone, or I've seen people borrow money from a family member, borrow a chunk of cash for a 20% down, just for like 60 days in order to swing them into the next property and then immediately pay them back. So that's ideal if you have that ability.
So plan number two is going to be to put your home up on the market, get a great offer, get a bunch of great offers, negotiate the best one and get a buyer that will allow you to have a long rent back on the property. So this is probably the most common scenario that we're seeing because it's such a heavy seller's market. That means we're going to get one, a great price, but not only that, we're going to get great terms and we can dictate a lot of that when we're in the driver's seat as a seller. So we can get the best price and a lot of times negotiate a long rent back for you as a seller. So rent back is you as a seller, having the ability to stay in the home after closing. So we're seeing people be able to stay anywhere from 30 days after closing, 60 days, 90 days up to 120 days after closing.
So the advantage to doing that is you're able to close escrow. You're able to get all of your cash, all your equity out of the home. They're going to, escrow's going to deposit that money into your bank account so you have that. And now when you find your next, your dream home and that home you want to downsize to, you're in a much stronger position. You're not contingent on selling your current home. You have the cash in your pocket, as far as that seller knows, you're pre-approved and you're ready to go. And so that also gives you time, especially if you have 120 days on your rent back, right? That gives you a 60, 90 day period to find the next home. So that's plenty of time. It's not like you have this immense pressure where you have one week and I got to find a home right now. So that's something that we really see that helps. So having that long rent back allows you to sell the home, put all the cash in your pocket, and then be more in the driver's seat when it comes time to buy the next one.
And then plan number three, I got to admit, it's probably, it's not the most ideal, but it does work for some people, especially just depending on your living situation. So again, the problem right now is not selling your home. The problem is buying your next home, buying that one you're downsizing to. So plan number three would be to sell your home, close escrow, get your cash out of it, have that cash deposited into your bank account and then live in some sort of temporary housing. So that could mean you're going to live in like an Airbnb for a couple of weeks. We've had a lot of the clients turn around and live in their trailer, fifth wheel, RV for 30 days, 60 days, that way they have their cash. They kind of make a trip out of it, right? They can take more vacations and drive up and down the coast or out of the state and give kind of have some flexible living for a short period of time. And then once they close, they have all their cash and then now they can make a strong offer on the next one.
So I think these are all great plans. All three, obviously the first one is going to be the most rare for people to be able to do, being able to qualify for that next home ahead of time. Second one is going to be able to negotiate that long-term rent back, or the third one is going to be that temporary housing. But I think they're all great plans. They are probably the best way, in my opinion, what we've seen with our clients to be able to get moved into that next property and to properly downsize. So, hopefully I would think those over and think about what would be the best fit for you.
If you would like to talk more about that and kind of see what would be the best fit, what timing would look like to actually sell your home or be curious on a current market evaluation, or let me know if you have any other questions or anything I can do to help please feel free to reach out. Hopefully you like the video. If you do, please go ahead and subscribe. Again, we're going to keep these coming once a week and we'll keep you updated on everything going on in the market. So feel free to reach out any time. Thanks.
3 Biggest mistakes sellers are making during COVID
Hey guys. Hey, if you want to know the three biggest mistakes that we're seeing home sellers make right now and how to avoid them, watch this video and you can find out.
Hey guys. Hey, my name is Justin Short. I'm a real estate agent and team leader here at the Short Real Estate Team at RE/MAX One in Murrieta, California. And today want to take some time and create a video for you to talk to you about the three biggest mistakes that we're seeing home sellers make right now. Right now, it is definitely, definitely, definitely a heavy seller's market. There's not enough available homes for sale, but we're still seeing these three mistakes pop up time and time again for our clients.
Mistake number one that we see, is just not having a plan. Right now, because of the market, the way it is, we can put your home up and we can turn around and sell it very quickly. That's not going to be really a ton of an issue. But if you don't know where that transition is going to go to, if you don't know the type of home you're going to go to, if you don't know the area, if you don't have a home picked out or if you don't have some sort of a temporary housing solution or know that you're going to need to stay after closing for a rent back for 30 days, 60 days, 90 days, if you don't know these things ahead of time, that can put you in a real tough position.
As a home seller right now, you are in a strong position but you have to know that ahead of time to be able to properly negotiate because the time to negotiate is now. When we go up on the market, we're going to have a multiple offer situation. We can get the best terms, but once we shake hands and agree to a deal with a buyer, that leverage changes. We don't have that same leverage. Really you want to negotiate everything possible upfront to make sure you're as protected as you can and get the desired outcome for yourself throughout the transaction.
Mistake number two that we see, is just not having a plan for the sale with your agent. Right now, because it's a seller's market, we see a lot of people and they feel like all of a sudden, okay, I decided I want to move. Let's put the house up, I need to put it up tomorrow in order to sell the home, in order to get to that next place that I'm going to. Which makes sense. And it's something that's doable. We can list your home and we can find a buyer super quickly, especially with all the different types of marketing we're going to do. But at the same time, the issue with that is it's not a well-thought-through plan.
Ideally, you want to be able to have a consultation with your agent, couple of weeks ahead of time, a couple of weeks. We're seeing a lot, a couple of months ahead of time or even six months ahead of time to help create that plan, to know where that end solution is going to take you. Ideally, you'd like to have that consultation with the agent, have that walkthrough, set up a time to, and a timeline, to make some of those repairs, whether that's going to be some painting updates, whether that's going to be some touch-ups, some repairs, some appliances, whatever those things are going to be to get the house ready for sale. You'd like to have the stager come by so we can do that staging consult to give you ideas, to pull these photos down, move the couch like this and just have your home show as open and as best as possible for potential buyers.
Because of the way the market is, we want to have that big bang when we go up for sale and by just a little bit of prep work, as little as a couple weeks or if we need, up to six months ahead of time is more like the research phase to have that consultation and get that solid plan for how to put the home up and get the most equity out of it for yourself.
And then mistake number three that we see, is just not hiring an experienced agent. obviously, maybe I'm a little bit biased there. I sell real estate full-time. I am a successful agent here locally. We do sell a good amount of homes each and every year. But I see a big difference in one, quality of the sale and the amount of money that you're going to net as a seller and as far as the other terms that you're able to negotiate by using an experienced agent that knows, that is familiar with these things and can really help maximize your situation versus someone that doesn't have that same experience. You want someone that has the best marketing plan, that has the best negotiating skills and knows how to take care of those things ahead of time and not try and negotiate these details during the sale. You're in the power position as the home seller and you want to dictate that upfront before we lose that leverage.
I think that's really a big thing. You want to make sure someone that has dozens and dozens or over a 100 five star reviews up online, someone that's within the top 1% of realtors in the area. Obviously, those are things that I am, but at the same time you want to have someone that's going to do a quality job. There's a lot of great agents out there, would love to, of course, help be able to help you, but you want to make sure you're making that right decision there.
Hopefully those three tips will help you out. You don't want to make those same mistakes. Your home is your biggest asset so you want to make sure you're in a position to maximize your equity. For most people, it's going to be the biggest sale or purchase of their life and you want to make sure you're going to get the most amount of my money in your pocket at the end of the day and then be able to get the best terms in this move, this transaction.
If you have any questions, you can feel free to reach out to me any time. Would definitely be more than happy to answer any questions you may have or help, especially even if you're in that research phase and you're thinking you're six months out, a year out from actually making the move. We'd love to at least start the process and give you some advice and things to do and what not to do. If you're liking the videos, please go ahead and subscribe. We're going to keep the videos coming once per week and hopefully it's helpful content to you and feel free to reach out anytime. Thanks guys.
Hey guys. Hey, if you want to stay updated on the real estate market here in the Temecula/Murrieta Valley, and you want to know what's going on with pricing, with how quickly homes are selling and where things are trending, watch this video. We'll update you with everything for February 2021. Check out the video and we'll keep you updated.
Hey guys. Hey, my name is Justin Short. I'm a realtor and team leader here at Murrieta, California, The Short Real Estate Team at RE/MAX One. I want to create this video and give you your monthly real estate market update on what's going on here with the local real estate market. This is, again, in February 2021. We're going to look at a couple of different stats or a few different stats.
The first one is going to be the total new listings. In the city of Murrieta, for the month of January, we had 187 new listings that went up on the market. And then we're going to compare that to last year, which is January 2020, where we had 230. We're up at 230 and we're down to 187. So, definitely less new listings this year. And that's just going to continue the trend that we've seen for the last eight, nine months as we're going through COVID. There's just not enough homes for sale. We are starting to see inventory trickle up just a little bit. Some more options to choose from but definitely still not enough. That's city of Murrieta.
City of Temecula, so we had 184 new listings, compared to the last year, there was 177. Actually, about the same there so we're trending a little better direction. And then city of Menifee, we're actually going the other way. It's 156 new listings versus 214 last year. We had more listings last year, less this year where still just not enough available homes for sale.
Also, active listings, so that's how many homes are actually available actively for sale right now. City of Temecula, we're finding 181 homes that are actually for sale today. That's compared to last year at this time, there was almost double. There's 304 homes for sale. That was Temecula. Murrieta, there's 199 homes that are currently listed for sale. Again, compared to last year that was 432. Again, less than half the amount of available homes for sale this year as opposed to last year. And then city of Menifee, it's actually trending the other way. Again, we're kind of going the wrong direction. There's only 134 homes for sale, compared to last year, there was 406 homes for sale. That's a pretty big discrepancy. It's significantly less than half. It's probably 40%-ish off the top of my head. So, definitely less available homes for sale across the board.
And then we're going to look at pricing. We'll go back to... We'll do Murrieta first. Right now, the average home in Murrieta is selling for $540,000, so almost $541,000. That's compared to last year, there was actually $450,000. That's like a $90,000 swing. That's a huge difference in pricing. There is going to be some compensation there based on new construction so that's gone up a little bit on pricing, but you can see huge appreciation. $90,000 swing for average sales price. That's a ton. There's a lot of appreciation.
City of Temecula. $644,000 is the average home down in Temecula, which is just kind of crazy to think. That wasn't the case a couple of years ago. $644,000 compared to last year, same time, $522,000 was the average home sale. That's over a hundred thousand dollars in pricing difference. That's a lot of money. And then city of Menifee, the average home selling for $431,000 and last year was $363,000. That's, again, like a $70,000 swing. So across the board, and this is true, in most of the country now, we're seeing massive appreciation, not enough available homes for sale, so there's high demand. There's high demand and low availability, we're seeing pricing go up. Just looking at the numbers, it's pretty, pretty crazy.
And then, average days on market. That's another big thing that we track. Days on market means how long the average home is taking to sell. Right now, for the city of Murrieta and Temecula, the average home is selling in 20 days. That's less than three weeks. That's a super, super, super heavy seller's market compared to last year. Murrieta was at 47 days on average, and then Temecula was at 50 days on average. Again, it's less than half the amount of time to take in the average home to sell. Even last year, we were talking about being in seller's market, but now even more so, super, super heavy seller's market. And then in city of Menifee, the average home is selling in 23 days compared to last year, 47 days.
You can see what's trending to seller's market. There's not enough available homes for sale, pricing is going up. The reason for that, there's a lot of demand. Interest rate right now is very, very, very low, that means affordability is good so there's a lot of people that want to transact. They want to buy. They want to buy their first home. They want to move into their forever home and lock in those low interest rates. So it's causing a lot of demand, and because of that, at the same time, we're still going through COVID, there's not enough available inventory, and that's causing pricing to go up.
Hopefully, that gives you a good read on what's going on and hopefully this is a helpful video for you. If you are liking the videos, please go ahead and subscribe. Again, we're going to keep them coming once a week. We're doing the market update once a month. And hopefully it's helpful to you. Feel free to reach out any time. We definitely love helping people. If you have any questions or you're thinking about moving to the area, glad to help. Please feel free to call, text, email. You'll see my information down below, and hopefully talk to you soon. Thanks.
7 Biggest mistakes when selling your home during COVID-19 Pandemic.
Hey, guys. Hey, my name is Justin Short, and today we're going to talk about the seven biggest mistakes that you don't want to make while selling your home during COVID. So check out the video and we'll get into all the details, and hopefully, it'll help you out. So first, before we get into all the info, if you guys are liking these videos, we're sending out once a week. If you think it's helpful content, if you like what you're seeing, please go ahead and subscribe. When you subscribe, you'll continue to see them, and we're going to keep the videos coming. So once a week, you're going to be getting them and hopefully, it's helpful content for you. So we'll get into the mistakes. So mistake number one is, right now during COVID, is just not having the proper safety supplies that are out. So as realtors and really just as, I mean, Californians right now, there are certain rules that we have to follow as far as being out and about. And especially when we're showing homes, there's some regulations that are put on by the California Associate of Realtors.
So you want to make sure that everyone's coming through, they're going to be wearing masks, everything is sanitized properly. And so the best thing that you can do as a homeowner and when you're selling your home is supplying those items to the buyer and the agent. So that way, there's no issues. You don't have to worry about who was wearing a mask, who was not. So that's one of the things we're doing for our clients, is when we put the home up on the market, we're creating a little basket. It has gloves and it has booties and it has face masks, and a lot of hand sanitizer in it, so that way, it's there and then they can leave that out when we have showings to supply that to all the buyers that are coming through. So I think that's a good thing for you as a homeowner, which helps keep you safe and also helps make sure the buyer's going to comply with all the rules and regulations that we need.
So mistake number two is being home during showings. So, in general, that's really just a bad role. Anytime that someone is buying a home, think about it. You're going into a stranger's home. You're looking around and judging the property. You're thinking to yourself and your spouse, "Do I like this countertops? Do I like those floors? Wow, that's the ugliest bathroom I've ever seen," all those things. First, you can't probably say that if the person that owns that is right next to you. So if the homeowner's right next to you, you're just like, "Oh, that's nice. I love your dishes," and you're just going to move on. So the person, it's just not a good idea anyways. More importantly, right now during COVID, that's definitely important just because of all the virus risk. So people have different comfort levels with what's going on so it's really best to help keep your distance.
Everyone wants to keep that social distancing, so for you as a homeowner and any other people that are in the home to be able to leave, you can go to the park, go for a quick walk, go to the store, go wait in the car for the 10, 15 minutes while the buyer's coming in for the showing, I think is super important. It's going to, one, help your home show better. Two, it's going to help make the buyer feel more comfortable to be able to express themselves. And, three, it's going to help make them more safe, and really, it is more safe for you as well. And then mistake number three that we're seeing is not having your house ready to go on the market the day that you list it. And so what that means is, not necessarily you as the homeowner, but that's as the agent. So we're talking about marketing materials. We're talking about all the different advertising that we're going to do, where before, we used to see a lot of agents that would maybe put the home up on the market.
Maybe you have some professional photos that are taken, they come a week later, maybe the videos a week after that, and maybe these nice brochures come in the week after that. So right now, it's a heavy sellers market and we just don't have the time for that. So it's very, very important that the agent that you're using has all of those marketing materials ready to go right from the get go. So on day one, you want to already have done your staging. You want to have done the professional photos. You want to have done the professional video, the 3D tours. You want to have printed the nice brochures. You want to have all that ready to go at the property and ready to go right from the get-go, because truthfully, once you put it up on the market, right now, it's such a heavy sellers market, you're going to get a lot of activity and you're not going to have time to do backfill that in.
And it's very important to make sure it's all done properly so you get the most advertising, you have the best opportunity and the best look out there to sell your home, and you're going to get the most people through and ultimately the most offers. So that would be a big thing. Mistake number four that we're seeing is just overpricing your home. So right now, I think everybody knows or everyone should know that it is a heavy, heavy, heavy sellers market. There's just not enough available homes for sale, and a lot of homes are selling not only at list price with multiple offers, actually over list price, the price is getting bid up. We've had some homes sell $30,000, $40,000, $50,000 over what they're actually listed for. And so one of the things that makes it important is make sure you're actually priced properly from the get-go. So what we are starting to see is some people that are starting at that extra $30,000 price point, and the issue with that is they're overpricing the market.
So let's say, for example, your neighbor's home that's a fair comp sold for 600,000. You priced the home at 630,000, so that's a big gap there. In that case, you're going to get a lot less activity on your home. You've going to get a lot less showings, you're going to get a lot less feedback, you're going to get a lot less people through the home. So when that's happening, you're not going to get that same momentum, that same frenzy to bid the price up. So what we're having the most success with and what we're seeing for our clients is pricing the home about where the comps are. The neighbor's sold a few months ago for 600. Pricing it right around that 600, 605 range, having all the right marketing ready to go from the get go to get that nice little boost, and then from there, let the market bid itself up. So get that frenzy. You want to have that 15, 20, 25 showings.
We've had up to 50 showings that first weekend and having that frenzy going to have that two, three, four, five, 10, 12 offers to help bid the price up. So that's really what we're having the most success with, is pricing it in line with where the comps are, and then letting it shoot up from there. We've seen other people, they start too high and they never get that price and they have to come down, and actually sell for a little bit less than they would have if they would have priced it properly from the get go. And then mistake number five that we're seeing is people that are not planning properly for the upcoming showings that we're going to have. So, again, we talked about it. It's a heavy sellers market. We're going to get a lot of activity, a lot of showing on all of our new listings, but what really is the best thing to do, what we want to do and what we feel like the best thing for our clients to do, is to plan for that first weekend to really make the house super, super available.
So usually we're going to up on the market probably on a Wednesday, maybe a Thursday, to give the house some time to build a little bit momentum. And then that Friday, Saturday, Sunday, ideally, we'd like to have the home open somewhere between 11:00 at the latest, 11:000 and 5:00 throughout that day on Friday. And then on the weekend, really from 9:00 a.m. to 7:00 p.m. And truthfully, right now with all the activity, almost that whole day is going to be scheduled for showing. Now, when that's the case, you as a homeowner really you should plan accordingly. We're having a lot of people maybe taking the trip out of town, maybe sending some time in a family member's house, that type of thing, because there's just going to be so many people coming in, if you're going to have 25, 30, 40 showings, that's a never ending onslaught of people coming in. So for you to want to come back home, it just becomes very difficult and it's going to make for a really miserable weekend for you and your family and it's going to cause some issues with the timings on the showings.
So really best practice is we're having our clients, if we know we're going to have a lot of activity, plan then a couple days out of a house just to have these windows where you can have all these people through, get all this activity, and hopefully get those offers to bid the price up. And then mistake number six is that we're seeing some people that are just going outright and they are accepting the first offer that comes in. So there used to be actually a pretty good rule of thumb where there was actually saying, "Your first offer is your best offer." And that's just not the case right now. So right now it's such a heavy, competitive market, really the best practice is to be able to put the home on the market, let a few days, up to a week, for showings and activity. Then all these interested people check out the home and then sit on it and let the offers come in.
Don't take the first one. Let the third, fourth, fifth one come in. Take a look at all of them together. At that time, we can bid them up against each other. We can hopefully get them to negotiate against each other, and ultimately get the best price and term. So that's something we have a lot more success with rather than just jumping on the first one. And then mistake number seven is not negotiating the buyer's contingencies upfront. So right now, we're seeing these prices getting bid up very high. I think I've made that clear. I think it's probably the fifth time that I've mentioned that. But at the same time, you as a seller right now, you are in the driver's seat. It is a seller's market and you really have all the power and the leverage. So yes, it's important for price wise to get that and to get the best terms on price, but price doesn't necessarily mean the best closing, and really we want to get to the best closing scenario for you as a seller. So that's price and other term. So that could be closed date, picking your own close date.
That could be picking a certain amount of rent back that you're going to need, so basically to close escrow on the property and then have the right to stay there for a certain amount of time after closing. It could be a week, two weeks, 30 days, 60 days. We've had up to 90 days for our clients, because that was important for them. Or it also could just be the buyer's contingency period. So anytime someone's buying your home and their purchase is contingent upon certain factors. So they're contingent upon an appraisal, they're contingent upon doing their due diligence and a home inspection and making sure the house is really what they want. There's some things that the purchase is contingent on, so what we're able to do, because we're in the driver's seat as a seller, is we're able to ask for some concessions there. That could be a shorter timeline, so that could be this instead of taking 17 days to do home inspections and make sure the house is what they want, we say, "Hey, we need it done in seven days." That makes it a smoother process for you as a home seller.
It could be 10 days. It could be limiting things. You're selling the home as is and we're not going to be making any repairs, that could be another aspect. Or the big thing right now is on the appraisals. So right now, when we're seeing these prices jump 20 grand, 30 grand over list price, the biggest issue with that is most people are going to be financing the home. So when they're financing the home, they're getting a loan on it. When you're getting a loan, you're going to have an appraisal done. So when you're having an appraisal done on the property, the appraisals, they're going to value it about where the other comps were. So if you're selling it $30,000 higher than where the other appraisal, where there's an issue, the bank's not going to loan on that higher dollar amount.
So if we do this upfront, we're having a lot of success with going back to the buyers and saying, "Hey, we understand we boosted the price up, this is our concern, that it's not going to appraise at that higher number. So what we need you, buyer, to do, if you really want this, we need you to, one, commit to covering the gap. So if it appraisal comes in at that lower $600,000 number, and you're buying it for 630, we need you to commit to covering up that gap, no matter what that appraisal is. Are you okay with that? Yes, no?" Or it could be, "Hey, buyer, we need you to commit to X amount over appraisal," so set that dollar amount upfront. So it could be, "Hey, we need you to commit to paying $20,000 over the appraised value. So that means if it appraises at 610, you're going to be willing to cover the gap, that $20,000 gap, to 630. If it appraises at 600, you're to cover the gap to 620, and then we'd have to lower the price down."
So setting those expectations up front. When it is heavy sellers market, we have all these offers coming in, that's when we're in the driver's seat as the seller, so we can really dictate those terms. And that's our best time to negotiate. If we don't do it now doing it down the line, two weeks later, after a home inspection, it's not the time to do it. At that point, really, we've missed our best opportunity, we've lost our leverage, and we don't have that same ability to negotiate. So, I mean, those are just a couple of things, I guess, a few things, seven things that we've found that people are making some mistakes on right now as we're going through COVID. So it's about February 2021. Hopefully, we are getting towards the end of all this COVID badness. But until then, there's some things to really, really pay attention to.
So hopefully, the video was helpful. If you liked the video, if you think it's helpful content, please go ahead and subscribe. We're going to send out the videos each week. Hopefully, they're going to be helpful, location-based. And if there's anything that I can do out here, please reach out any time. You can see my information. Call, text, email. I'd love to help. And hopefully, can talk to you guys soon. Thanks.
What are the 6 biggest myths we've heard about living in the Temecula area?
Hey, guys. Hey, my name is Justin Short. If you want to know the six biggest myths about living here in the Temecula and Murrieta Valley, stay tuned and check out this video and we'll go ahead and get it
Hey, guys. Hey, my name is Justin Short. I'm a realtor and team leader here in Murrieta, California for the Short Real Estate Team at RE/MAX One. I wanted to create this video and get into something that honestly these are the things that I hear all the time and what I think are the six biggest myths about our area. I work with a lot of clients that are relocating from out of state, from out of area, say from San Diego, Orange County, LA, that type of thing, and making the move out here to our area. A lot of times they have some big misconceptions on what it's like to live locally so I wanted to take some time to create this video and go over those to give you more of a realistic idea of what it's like to actually live here. Let's go ahead and get into them.
Number one, number one is a lot of people think that our area, Temecula and Murrieta Valley, is too far from everything, is kind of what they say, right? I've lived here for over 20 years and while, yes, we are a little bit more inland from the beach compared to some areas of California, yes. I actually feel like we're super, super central. No, we're not a five-minute walk to the beach, but we're about 45 minutes to an hour away from really most everything out here in the area. You're about a 45-minute drive to the beach, you're about a 45-minute drive out to the desert. You're about 45 minutes to an hour out to the heart of Orange County, out in Disneyland area. You're an hour, an hour and 15 minutes, out to LA, and then you're a couple hours out to the mountains. No, none of those things are right next door, I can't walk to the beach for sure, but you're super central. You're in Southern California and I think we're actually pretty close to most of those things, compared to most other parts of the country.
Myth number two, a lot of people think that Temecula is not its own established town. A lot of people, as I'm talking to them, they ask me questions like, "Is there a Costco there? Is there a shopping? Is there a mall close by?" The answer is yes. Our area is definitely a newer area, most of it was really built up and constructed the late '90s to the mid 2000s, but it's a full-on functioning city. There's shopping, there's Costcos, there's malls, there's wineries, there's casinos, there's old town area, there's nightlife areas. All that type of stuff is definitely here. We are a full-functioning town and there's plenty to do.
Myth number three is that our area in the Temecula and Murrieta Valley is a super, super heavy liberal area. Really, that's just not true. This is mostly something that I hear from people that are moving out of state. They know on a state level that California is definitely a super liberal state. We had the election a couple of months ago and they called the election in California in like 30 seconds because they already knew it was going to be a Blue state, but that's just not here in our valley. Some of the other larger cities, yes, maybe City of San Diego, of LA, Orange County, those are definitely more liberal and Blue type of cities, that's for sure, but here in South Riverside County, I'd definitely say it's not the case, definitely more of a 50/50, or even leaning more towards the Red perspective for the most part.
That's something I hear from a lot of people like, "Oh, I don't know if I want to live to California and move in with all the hippies and all this super, super, super liberal thoughts." I mean, I've lived here over 20 years, that is not my experience here. We just went through obviously a pretty volatile election and that is not what I really feel like it is living here and that's really not what the voting numbers show either. That's just something to point out, to where it's definitely more of a mixed area compared to many other parts of California.
Then myth number four is that it's just too expensive to live here. That's kind of surprising because, actually, I think one of the draws here to our area, once you actually live here, is the affordability compared to most parts of California. But a lot of people, when they're moving from out of state, they're like, "Oh man, my job transfer is coming in. I've got to move out where you're at, out in the Temecula, Murrieta area. I don't know how I'm going to afford it. I don't know how I'm going to live in California with those crazy prices." The truth is, yes, our average sales price is higher than say the US average, so that is true, yes, but compared to most other parts of California, where we're much, much, much more affordable.
We're South Riverside County, so compared to San Diego, compared to LA, compared to Orange County, there's a reason that most people live here. As a bedroom community, they will live here and then commute out just because it's so much more affordable. I mean a $500,000 home here buys you a really nice home in a nice area, in a nice, safe neighborhood. 500,000 in San Diego, you're buying a condo or half a townhouse or a shack in a not so great area. I think the affordability here is actually one of the pros and one of the best parts about living here, compared to most other parts of California.
All right, and myth number five. Myth number five is that the crime is too high here because of the jail that we have. That's something that I hear a lot from people that are mostly out of the area. They're going to pull up Temecula, California, or Murrieta, California up on their website on Google. They're going to look at the map and look at different areas, trying to get an idea for the geography and topography and all that good stuff. One of the things that they're going to see is that there's a jail here in Murrieta, that's the Southwest Justice Center. That's here in Murrieta, California, it's right over there off of Auld Road. One of their first thoughts is they automatically assume is that because there's a local jail, that there's a lot of crime here in the area or that a lot of people that are getting out of jail are populating here locally and that makes it just not a good area to live. Really, the truth is, that's just not the case.
Murrieta and Temecula Valley are very, very, very safe. Actually, we just did another video on being one of the safest cities in California. Murrieta is actually the 15th safest city in California, that's top 15 out of almost 500 cities in California. As you can see, it's super, super safe, the crime rate is super low. It's definitely almost like a squeaky clean type of feeling, driving around. I would definitely say it's a big myth that when people are out of this area, they're not familiar with our town, that that's something they always ask me about and we have to take some time and just share with them the actual stats on what's going on here locally. I think that's a big one.
All right, and myth number six is really, and this is mostly from people especially from Orange County and it seems like mostly Orange County people that are telling me this, but a lot of times people feel like it's just not a nice area. It's just a crummy area, it's just run down and it's just not nice. I've heard things like, "Oh, that's the 909 nine, it's on the wrong side of the hill," all that type of stuff. Really, that's just not true. A lot of people live here, this is definitely a bedroom community here in the Temecula, Murrieta area, where people will live here and they commute out. The reason they do that, it's just more affordable, but it's definitely super, super nice.
It's newly constructed, most of it was built anywhere from the mid '90s to early 2000, 2010, that type of thing. It's a newly constructed area. It's definitely the suburbs for the most part, not a lot of like rural land and things like that, but it's super established. We have all types of shopping and bars and nightlife and all types of things to do, and we're pretty close to everything. You're in Southern California, and bottom line, there's just not many areas in the country where you're going to buy a home. The average price point here in Temecula is like 650,000 right now. To buy a home for that much, it's going to be a nice area. For sure, it's nice. Most people, once they actually come out this way and spend some time and go to the wineries and get to enjoy the area, they totally feel different. A lot of times, it's just a misconception that people have, but it's, I would say, definitely desirable and a growing area that's continuing to get better and better.
Those are the top six myths about the Temecula Murrieta Valley, hopefully those help and hope to help overcome maybe some of the negative thoughts that you may have heard about the area. If you have anything you want to talk more about or reach out, you have any questions, you can feel free to reach out any time. If you thought the video was helpful, please go ahead and hit the Subscribe button. We're going to keep the videos coming once per week, hopefully give you a good taste of the area and just educate you on what to expect for life out here in the Temecula, Murrieta Valley.
Are you curious to know how safe it is to live in Murrieta & Temecula California?
Hey, guys. Hey, my name is Justin Short. And if you want to know how safe it is to live here in the Murrieta and Temecula Valley, go ahead and you can check out this video and we'll get into all the stats and give you all the specifics on what crime is like really out here.
Hey, guys. Hey, my name is Justin Short. I am a realtor and team leader at the Short Real Estate Team here in Murrieta, California at RE/MAX One, and wanted to create this video and give you a little info on what it's like for to really live here locally and get an idea for how safe of a city it actually is or is not. So I live here in Murrieta, California. There's a couple of close by areas that we're going to go over to. So that's Marietta, Temecula, Menifee, and Wildomar. So we'll go over all of those and give you some of the specifics.
So these are some stats that are out there based on the recurrent crime rates here in the area. And so what they do, how they calculate this is they calculate the total amount of crime based on the total population, and that gives you a total crime rate. To give you an overall picture of here in the Valley, it's definitely a super, super safe area. And so the website that where we pulled a lot of this data off is on safewise.com. So they're the ones that are publishing most of this. And really, the overall arching message is this is a safe area. The Valley's safe, and that's why it's a good area for families and for us to live in.
So I'm looking at stats, and this is based on the state of California. So in the state of California, there is a total... There's almost 500 cities in the state of California. There's 482 cities. And so where we rank Marietta is ranked as the 15th safest city here in California. So I mean, obviously that's super safe, even on a country scale. I mean, it's definitely a safe place to live, not a ton of crime activity. The closest city, so that's Marietta, California. Temecula is directly South. They are number 73 out of 500. So they're still in the top 18% of safe cities in the state. The city of Wildomar, so that's to the North of Marietta, is that they're number 50 out of 482. So again, they're super highly ranked.
And then the city of Menifee. Menifee is the 69th safest city here in California. So those are all super great stats. That is definitely where you want to be somewhere in the top echelon. That's one of the reasons I believe even the schools are ranked so high and why this area continues to thrive with all the new construction that's going in. So it's desirable. Well, families want to live here because of that. And I think that's what helps make everyone feel comfortable. So hopefully that helps. If you have any questions, you can feel free to reach out to me anytime. You'll see my info there. You can call, text, email. If you thought the video was helpful, please go ahead and hit the subscribe button and we'll make sure we'll keep the videos coming to you each week. Cool. Thanks so much. Have a good one.