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With a short supply of affordable homes throughout Southern California, along with stricter lending standards that can make it difficult for first time home buyers, many turn to mom and dad for help. While it is a blessing to be able to assist with this life-changing purchase, there are many factors to consider.

Common scenarios for helping include:

-Providing the down payment -Buying a house and renting it to your child

-Buying a house and letting your child live there for free

-Co-owning a house with your child, dividing the equity, so when the house is sold you get your money back

-Buying a multi-unit property, or a place big enough for roommates and rent the other units to offset cost

-Finance your child’s home purchase with a ...

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Join me at this fabulous event at Pelican Hill this weekend! I celebrated with Michelin guest chef from Armani Hotel Milano, Filippo Gizzoli at a delicious event running up to Saturday’s amazing Street Festa with food, artists, flag twirlers and music from 11-8. Tickets still available. Don’t miss!!

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Join us at an open house for this lovely home this weekend!

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Spectacular single-level home with stunning panoramic views of Newport Harbor and Buck Gully Canyon.

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Broker Preview

Catering by Tommy Bahama

7 White Pine · Newport Coast · $2,888,888

Thursday, September 29 | 11:00AM – 2:00PM

Spectacular single level home with stunning panoramic views of Newport Harbor and Buck Gully. Located in prestigious guard-gated Santa Lucia, this 3-bedroom home has tons of natural light. 12’ ceilings and higher throughout. One bedroom is currently configured as executive-ready office and features beautiful built-in shelves. Main Master suite includes a romantic fireplace, beautiful cedar-lined walk-in closet, and a sitting area that opens to the back patio. Outside there is a Jacuzzi with a waterfall, and barbecue area. The open floor plan is perfect for indoor/outdoor living, especially for hosting elegant parties with amazing ocean and canyon views.

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Check out this article about home prices and salaries in the Orange County Register.

http://www.ocregister.com/articles/orange-727811-c…

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September Housing Market Update

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