Six Things You’ll Want to Know About Life in Rancho Santa Margarita

1. Rancho Santa Margarita gets in average of 16 inches of rain every year, compared to 23 inches of   rain in all California.
2. We shovel 0.56 inches of snow per winter.
3. The sun shines an average of 165 days.
4. We prefer to drive: 23,915 % use a car or motorcycle to get to work.
5. But, thankfully, our average travel time to work is only 29 minutes.
6. In July, temps range from 55 to 86 degrees, and 40 to 65 degrees in January.

Five Things You’ll Want to Know About Rancho Santa Margarita

1. Rancho Santa Margarita population has increased 3% since 2010 to a high of 49k.
2. The median age of a Rancho Santa Margarita is 37.
3. The largest segment of our population is 35-54 years old.
4. 31% have earned an Associate’s degree or higher.
5. 4,218 residents earn between $50k and $100k.

Considering a move to Rancho Santa Margarita? Call Elvira Tinturin at 949.441.0690 or go to MY WEBSITE

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Five Secrets About Home Values in Rancho Santa Margarita, CA 92688

1. In Rancho Santa Margarita, CA 92688 median estimated home value is $633,190.
2. Median list price in June 2017 was $592,400 – a +11.8% improvement over the prior year.
3. The estimated home values have risen 6% over the last 12 months
4. The median home age is 24.
5. The greatest number of homes sold were between 20 and 30 years old.

Considering a move? Let me send you a Free Home Valuation!

Call Elvira Tinturin at 949.441.0690 or go to My Website.

69% of Buyers are Wrong About Down Payment Needs

First time home buyers don't need 20% down payment to buy a house. Don't hesitate to ask your agent about down payment assistance programs! For more information call us at 949.441.0690 or send your request at elvira@tinturin.com and get immediate information!




According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of potential first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is keeping potential buyers on the sidelines. Saving for a down payment is often cited as a huge barrier for first-time homebuyers to make the leap into homeownership. If homeowners believe that they need a 20% down payment to enter the market, they also believe that they will have to wait years (in some markets) to come up with the necessary funds to buy their dream homes. The greatest source of confusion cited in the survey results centered around down payments. The results are broken down in the chart below:

 

Rohit Gupta, CEO of Genworth Mortgage Insurance had this to say,

"While first-time homebuyers continue to drive the purchase market, we believe many are staying on the sidelines due to the misconception that a 20 percent down payment is required to secure a mortgage. There are various low down payment options available today that allow prospective homebuyers to reach their dreams of homeownership sooner. It is crucial that, as an industry, we proactively educate eligible borrowers about solutions that will enable them to buy a home when they're ready."

Bottom Line

Don’t let a lack of understanding of the home-buying process keep you and your family out of the housing market. Meet with a local real estate professional who can show you your options today! 

Can Your Real Estate Agent Answer These Important Questions?

Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry 'lingo,' but you should expect so much more than that.

The housing crisis made everyone aware that truly understanding the real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a few:

• What impact does the movement in mortgage interest rates have on buyer demand? 
• With home prices increasing rapidly, are we headed toward another housing bubble?
• Do you need a 20% down payment to purchase a home?
• Why can't we list at a higher price and drop it later if necessary?

When you are interviewing an agent to represent your family in your next real estate transaction, make sure they can intelligently answer all your questions, while simply and effectively explaining what is happening in the current housing market.

Rancho Santa Margarita Summer Concerts

Summer Concerts

The City of Rancho Santa Margarita provides a variety of excellent musical performances with the sunset as your backdrop. This family oriented community event allows residents and guests of all ages to enjoy various styles of music. Join your friends and neighbors to celebrate fantastic live music and dancing while enjoying the great outdoors in a safe and positive environment. Please visit some of the City's local restaurants before the concerts and bring a picnic dinner with you!  For more information, please contact the Community Services Department at 949-216-9700.

Event Details - 

• Sundays
• 6 - 8 p.m.
• Central Park
  30842 La Miranda
  Rancho Santa Margarita, CA 92688

2017 Concert Lineup

• July 9         Mighty Untouchables- Dance Party Band
• July 16       Smith - Country Rock
• July 23        Hodads - Classic Rock n Roll
• July 30        The Trip - 80’s
• August 6     Derek Bordeaux Band – Rhythm & Blues
• August 13   Wanted–  Bon Jovi Tribute

Park Guidelines
We hope that everyone has a great time at the concerts, below is a list of park guidelines to help make the evening enjoyable for everyone:

• All concerts are alcohol and smoke-free events.
• To allow for better concert viewing for everyone, we ask that guests bring short, low back beach 
• chairs and refrain from using tents, canopies and umbrellas.
• Small blankets and towels can be set up the day of the concert. Any plastic tarps and stakes will
•  be removed as it damages the grass.
• Please put any food or drink items in unbreakable containers.
• To help keep the park area clean, please use the waste and recycle receptacles.

Thank you for your consideration of others, your cooperation with SAMLARC and the City of  Rancho 

Santa Margarita is greatly appreciated.  Go to RSM city website