First Team Real Estate

05/01/2025

INVESTMENT SCAMS
"They guaranteed a quick return."
There's no such thing.
Always research investment opportunities before sharing your information.

SOCIAL MEDIA SCAMS
"It seemed like such a great deal."
Deals on social media may offer fake goods or be too good to be true. Slow down, and do your research.

TECH SUPPORT SCAMS
"They needed access to 'fix' my computer."
Be cautious. Don't share security codes, passwords or account information. Legitimate businesses will never contact you to ask for that information

04/29/2025

Open House Sat & Sun from 11:00 AM to 4:00 PM
19721 Park View Tr
Yorba Linda
All new from top to bottom 4 bedroom, 3 bath 1754 SF
$1.3 M.

03/25/2025

If you've ever dealt with probate, you know how long, difficult, and overwhelming the process can be. But there’s great news! Starting April 1, 2025, a new California law will streamline probate for primary residences valued under $750,000—allowing families to sell these homes without the hassle of probate. Key Changes to the Probate Law (AB 2016):

✅ Exclusion of Primary Residence: Homes valued up to $750,000 will no longer be subject to probate.

✅ Applies to Deaths on or After April 1, 2025.

✅ Higher Value Limit for Succession Petition: Estates can now use a "Petition to Determine Succession to Real Property" for homes up to $750,000—avoiding full probate.

✅ More Property Exempt from Probate: Combined assets up to $934,500 may now qualify for this streamlined process ($750,000 for the home + $184,500 in cash).

✅ Clearer Definition of "Primary Residence": It’s the decedent’s main home, regardless of whether they lived there at the time of death.

✅ All Heirs Must Sign Court Documents.

✅ At Least 40 Days Must Pass After Death Before Filing.

✅ A Probate Referee Must Appraise the Home.

✅ Done Right, This Could Save Years in Probate Court!

Want to Avoid Probate Court Entirely?

While this new law helps, the best way to protect your assets and family is with a Living Trust. With a properly structured trust, your loved ones can bypass the probate court entirely—no delays, no court involvement, and no unnecessary legal fees.

Questions? Contact Larry Aguilar (714) 336-6515
Certified Probate Realtor at First Team Real Estate

03/25/2025

Reminder: Thursday, April 10th is the deadline for your Second Half Property Tax installment. After this deadline, a penalty and additional cost will be added.

03/15/2025

Open House
19721 Parkview Terrace Yorba Linda
Friday Mar 14th 3:00 to 6:00 PM and Sat Mar 15th & Sun Mar 16th
12:00 PM to 4:00 PM.
All new from top to bottom gorgeous 1754 SF home featuring 4 bedrooms, 3 baths with 2 master bedrooms (one downstairs and one upstairs plus a retreat area) with a large backyard professionally landscaped located in great family Yorba Linda neighborhood.
Listed at $1,399,995

03/15/2025

5971 Country View Dr Yorba Linda, Beautiful two story home featuring 3 bedrooms, 2.5 baths with 2554 SF of living space on a 10,208 SF lots over looking the 6th fairway of the Yorba Linda County Club Golf Course. Listed at $2.2M
Questions or for showing request, contact
Larry Aguilar at First Team Real Estate (714) 336-6515

02/08/2025

12/11/2024

New Listing Coming Soon! A Brand New 2 story home near the Yorba Linda Country Club with 4 bedrooms, 3 bath and 1650 SF of living space on a 6000 SF lot. Featuring two Mater Bedrooms. An upstairs master bedroom with separate retreat area (that can be converted to a 5th bedroom) and a second master bedroom plus two additional bedrooms downstairs. Everything in this beautiful home from top to bottom is Brand New.
Priced between $1.25M to $1.3M.
Message me if you'd like to be added to the VIP list to receive information on this property.
Larry A. Aguilar, First Team Real Estate (714) 336-6515

Call now to connect with business.

11/13/2024

Coming Soon! 18122 Peppergrove Ave. Yorba Linda, $1,599,999

Rare Single Story 3 bedrooms, 3 bathrooms home with 2,137 square feet of living space, attached 3 car garage plus a detached 2 car garage that can easily be converted to an ADU. Extra Long gated driveway for RV and Boat parking with sewer dump station. Located on a quiet cul-da-sac street with all on a18,250 SF of prime horse property lot. Larry Aguilar, (714) 336-6515

11/13/2024

Today, we pause to honor the courage, dedication, and sacrifice of our veterans. Thank you to all who have served and protected our freedom. Let’s celebrate our heroes—past and present—who make this nation proud. Happy Veterans Day!

10/28/2024

We are officially in Fall mode, with Halloween this week and Thanksgiving around the corner.

Below is a recap of our current Orange County Real Estate Marketplace for the “Month of August 2024”.
Source; OC Register/ Core-Logic/DQ News 10/27/2024.

Home Prices

Resale Homes +5.4%, Resale Condos +3.8% & New Home Sales +45.3%
Median OC home price is $1,175,000
74% of OC homes listed are $1,000,000+
32% of all OC homes listed are $2,000,000+
When the jobless rate is at 5% or less, CA home prices rose 10%
When the jobless rate is at 9% or more, CA home prices rose 1%

Sales Volume

Resale Homes -9.2, Resale Condos +4.4% & New Home Sales -49.7%
Home sales volume is 2,047, down versus 1 year ago
Inventory is at 3,694 up versus last week
Average Days on Market: 70

Interest Rates

30-year fixed Mortgage Rate is 6.54%, up 10 points vs last week
15-year fixed Rate is 5.71%, up 8 basis points versus last week
Average Home Payment is $5,941 up from $5,788 VLY
88.5% of US homeowners have an IR below 6%
78.7% of US homeowners have an IR below 5%
59.4% of US homeowners have an IR below 4%
22.6% of US homeowners have an IR below 3%
2024 Conforming FHA Loan Limit: $766,550 in LA/SD/OC
2024 Conforming FHA Loan Limit: $644,000 in the Inland Empire

History of Interest Rates

Average 30-years Interest Rate since 1971: 7.8%
Average 30-year Interest Rate in the 2010’s: 4.1%
Average 30-year Interest Rate in the 2000’s: 6.9%
Average 30-year Interest Rate in the 90’s: 8.1%
Average 30-year Interest Rate in the 80’s: 12.7%

Southern California 6-County Median Home Prices
Orange County median home price is $1,210,000
San Diego median home price is $890,000
Los Angeles median home price is $890,000
Ventura median home price is $850,000
SoCal median home price is $775,000
Riverside median home price is $580,000
San Bernardino median home price is $475,000
US median home Price is $399,000

Troubled Waters Ahead?

Only 17% on California Home Buyers can afford to buy median priced home
For 20% of California households, 50% of their paycheck goes to housing
Buying a home in LA or OC costs 10x more than a typical family earns in a year
Renting in California costs $2.96 a sq foot, 5th highest in the nation
65% of Americans, making $60k+, facing financial hardship
25% of Americans, making $150k+, facing financial hardship
Californians skipping bills at highest level since 2021
An income of $349,200 is needed to buy an OC median priced home (5/2024)
California job losses jump 20% versus one year ago (5/2024)
California has the highest unemployment in the nation, 5.3%
There were 32,905 California foreclosures in 2023, 2nd in the nation
20% of SoCal commercial office space is vacant
LA has 51 million square feet of empty office space
OC has 18 million square feet of empty office space
Only 15% of Californians can afford to buy a home
California has 70% of the highest priced zip codes in the nation!
2024 Real Estate Pricing Forecast
CAR forecasts a 6.2% increase in home prices
Core Logic forecasts a 5.7% increase in home prices
2025 Real Estate Sales Forecast
CAR forecasts a 10% increase in home sales

Market Trends

Home prices have increased an average of 8.6% over last 10 years!
California is home to 6 of the Top Housing Markets in the US.
There is a Housing Shortage in 230 out of 309 US Metro areas!
California Home-Flippers represent 3.3% of all purchases
Only 50% nationally can afford to buy a house, down from 59% VLY
40% of California home-owners are considering a move out of state
9% of Californians are considering relocating elsewhere in the state

Interesting Data

United States home ownership is 65.5%
California home ownership is 54.8% (3rd worse in the US)
California borrowings are $84,050 per person
Riverside & San Bernardino home ownership at 65.2%
OC and LA home ownership at 47.7%
LA & OC have 23 of the top 100 costliest zip codes
37% of all US homes have no mortgage! Of the remaining 63%, 1 in 4 have over 50% equity
67 million homeowners are over the age of 55! Time to market the Baby Boomers
California is the world’s 5th largest economy…

Home Sales History

There are 14,000,000+ residences in California
There are 7.5m SFR in California
There were 21,426 homes sold in Orange County in 2023
There were 33,111 homes sold in Orange County in 2022
There were 38,530 homes sold in Orange County in 2021
There were 34,900 homes sold in Orange County in 2020
There were 34,000 homes sold in Orange County in 2019
There were 35,100 homes sold in Orange County in 2018
There were 38,400 homes sold in Orange County in 2017
There were 37,900 homes sold in Orange County in 2016
There were 53,900 homes sold in Orange County in 2003