The Latest From Our BlogRecently posted or modified blog postshttps://www.riccirealty.com/blog/Copyright RicciRealty.com2020-04-01T15:12:26-07:00tag:riccirealty.com,2012-09-20:7957Annual Paper Shredding EventYOU'RE INVITED TO THE RICCI REALTY ANNUAL COMMUNITY PAPER SHREDDING EVENT
<img src="https://assets.site-static.com/userfiles/1207/image/Shred_Event/Paper_Shred_Event_Ricci_Realty.jpg" width="5100" height="3300" />
WHEN: Saturday, June 13th | 9am to 1pm
WHERE: Ricci Realty Parking Lot, 616 E Chapman Ave, <a href="https://www.riccirealty.com/orange/">Orange CA</a> 92866
Time to clean out your files and drop off your papers to be shredded at our office. We can only accept paper, please do not bring cardboard or electronic equipment.
Thank you for your continued support of our brokerage, we look forward to seeing you there.2020-01-24T15:07:00-07:002020-04-01T15:12:26-07:00Al Riccitag:riccirealty.com,2012-09-20:3668Annual Community Yard Sale
RICCI REALTY ANNUAL COMMUNITY YARD SALE
WHEN: Saturday June 1st, 2019 | 8am to 1pm
WHERE: Orange, Oange Park Acres and Villa Park
CLEAN OUT THE GARAGE
GET RID OF CLUTTER
MAKE SOME $$$$
We supply the signs and advertising.
All you need is a yard and stuff you would like to sell.
IF YOU <a href="https://www.riccirealty.com/orange/">LIVE IN ORANGE</a>, <a href="https://www.riccirealty.com/orange-park-acres/">ORANGE PARK ACRES</a> OR <a href="https://www.riccirealty.com/villa-park/">VILLA PARK</a>, CALL OUR OFFICE OR YOUR RICCI REALTY AGENT TO BE INCLUDED IN THIS EVENT!
RSVP BY MAY 27TH | (714) 633-3600
2019-05-15T10:35:00-07:002020-01-03T11:48:36-07:00Al Riccitag:riccirealty.com,2012-09-20:3623Mid Century Modern Built in 1948Mid century modern built in 1948 that has all the quality and charm of the period.
Welcome to <a href="https://www.riccirealty.com/property-search/detail/10/PW19096983/822-e-walnut-avenue-orange-ca-92867/">822 E Walnut Ave in Orange</a>. This home is designed for outdoor living front yard has a mature shade tree with a front seating area to enjoy the sights and sounds of <a href="https://www.riccirealty.com/old-towne-orange/">old towne</a>.
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A swing sized front porch leads to a beautifully restored home including the original hardwood floors and brick, wood burning fireplace in the large living room. A modern ceiling fans keep the air moving or turn on the central heating and air conditioning to stay comfortable all year long.
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A model home from pottery barn, the rooms are easy to decorate. The large kitchen has an eating area featuring lots of glass to let the sun shine in. The kitchen has beautiful period black and white tile counters and stainless appliances including a bosch stainless dishwasher and a professional series frigidaire dual fuel range and oven.
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Built in over the range stainless microwave oven. Separate laundry room leads out to rear yard. 2 bedrooms and a remodeled bath with new sink and travertine tub surround.
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Gated parking at the end of a long driveway and a two car detached garage with new insulated garage door.
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The rear yard is out of a magazine, extra large wood deck covered patio overlooking a pasture of green grass and a mature fruit bearing avocado tree complete with a tree swing.
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Outdoor seating areas, bbq area and a covered porch off the rear of the garage for yet another relaxing area to enjoy outdoor living. Convenient shed for the lawn tools.
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For More Information please call our office at (714) 633-3600 or search our site for all your <a href="https://www.riccirealty.com/eichler/">Mid Century Modern homes for sale</a> in Orange.2019-04-30T14:07:00-07:002020-01-03T11:52:54-07:00Al Riccitag:riccirealty.com,2012-09-20:3597Rocking Horse Ridge Upgraded Single Story HomeRocking Horse Ridge Upgraded Single Story Home
<img src="https://assets.site-static.com/userfiles/1207/image/Blog_Photos/Alison_Cir/6203_E_Allison_Cir.jpg" width="1018" height="577" />
At the top of rocking horse ridge you'll find <a href="https://www.riccirealty.com/property-search/detail/10/PW19087744/6203-e-allison-circle-orange-ca-92869/">6203 E Allison Circle in Orange</a>, relax in this upgraded single story with a view! Energy efficient artificial turf in the front and rear yards. Professional landscaped, almost maintenance free, there are two entertainment areas in the rear yard including a covered patio off the master, a large patio off the living room, a fire pit and raised garden boxes for the vegetables.
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Mature lemons, oranges and artichokes! The open floor plan features a formal entry, open dining room and living room with tile fireplace and soaring ceilings. Upgraded doors, windows and window treatments. The kitchen is a chefs dream featuring a wolf gas range with bbq and pot filler. Stainless convection oven, microwave and warming drawer. Custom cabinets have exquisite granite tops accented with tumbled tile back splash. Sunny breakfast nook has tri-view windows for those informal meals or the formal dining room for the special occasions.
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Custom tile floor, crown molding and indirect lighting. Bedrooms have ceiling fans and custom lighting. Master bedroom has vaulted ceilings, glass doors out to the rear yard. The en suite bath has a tumbled travertine walk-in shower with glass block and a custom built mosiac tile soaking tub. A large walk in and around closet is perfect for the person with an extensive wardrobe.
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Direct access into the finished garage. Enjoy the views of disneyland fireworks or the hills of <a href="https://www.northhillsrealty.com/orange/">orange</a>.2019-04-19T11:08:00-07:002019-04-19T11:23:53-07:00Al Riccitag:riccirealty.com,2012-09-20:3381Welcome to 413 S Grand Street in Old Towne OrangeWELCOME TO <a href="https://www.riccirealty.com/property-search/detail/10/PW19017878/413-s-grand-street-orange-ca-92866/" target="_blank">413 S GRAND STREET IN OLD TOWNE ORANGE 92866</a> THIS 1916 3 BEDROOM 1.25 BATH CRAFTSMAN BUNGALOW THAT HAS NOT BEEN ON THE MARKET FOR DECADES.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/413_Grand_St/413_Grand_Orange_Ca_Porch_Photo.jpg" width="989" height="635" />
THE <a href="https://www.riccirealty.com/old-towne-orange/">HISTORIC HOMES</a> FEATURES A MULTI GABLED ROOF, THE SMALLER GABLE FORMS THE FRONT ENTRY PORCH OVERHANG SUPPORTED BY WIDE PIERS. A LARGE PICTURE WINDOW WITH LEADED GLASS ABOVE IS COMMON FOR THE PERIOD. THE OPEN FLOOR PLAN COMBINES THE FORMAL LIVING ROOM AND DINING ROOM.
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THE ORIGINAL BUILT IN CHINA BUFFET HAS ALL THE ORIGINAL HARDWARE. ALL THE DOUBLE HUNG WOOD WINDOWS HAVE BEEN RE-ROPED AND THE 200 AMP. ELECTRICAL SERVICE AND PLUMBING HAVE BEEN UPGRADED. THE FRONT FACING BEDROOM HAS LOTS OF WINDOWS AND A WALK-IN CLOSET. THE MIDDLE BEDROOM HAS TWO CLOSETS, RARE FOR CRAFTSMAN HOMES. THE BATH HAS A NEW GRANITE TOP VANITY AND A TUB/SHOWER WITH A CERAMIC TILE FLOOR. THE THIRD BEDROOM LEADS TO A LARGE LAUNDRY AREA AND A QUARTER BATH (TOILET) WHICH COMES IN HANDY.
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THE KITCHEN HAS THE CLOSET THAT WAS USED FOR THE ORIGINAL COOLER CUPBOARD. ORIGINAL CABINETS WITH TILE TOPS AND A FREESTANDING GAS STOVE. THERE IS ALSO A CHARMING BREAKFAST NOOK WITH WINDOWS THAT IS PERFECT FOR THOSE INFORMAL MEALS. THE REAR YARD HAS AN ALLEY, PERFECT FOR BUILDING WITH DIRECT ACCESS TO A NEW GARAGE OR ?. 2 SHEDS WITH POWER, SUN DECK OFF OF THE BACK TO ENJOY THE TRANQUIL LOCATION OF OLD TOWNE. ACCORDING TO THE CITY THIS PROPERTY WILL QUALIFY FOR THE MILLS ACT PROPERTY TAX REDUCTION PROGRAM, SAVING THOUSANDS OF DOLLARS EACH YEAR OF THE PROPERTY TAX BILL. CENTRAL HEATING AND AIR CONDITIONING A PLUS
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/413_Grand_St/413_Grand_Street_Orange_92866_Arial_Photo.jpg" width="944" height="606" />2019-02-18T14:59:00-07:002020-01-03T11:56:36-07:00Al Riccitag:riccirealty.com,2012-09-20:3379Best Deal In Town For 2 Large Homes On Amost A 17,000 SQ.FT. LotTHIS IS THE BEST DEAL IN TOWN FOR 2 LARGE HOMES ON ALMOST A 17,000 SQ.FT. LOT JUST A FEW BLOCKS OUTSIDE OF THE <a href="https://www.riccirealty.com/old-towne-orange/">HISTORIC DISTRICT OF ORANGE</a>, CA. WELCOME TO<a href="https://www.riccirealty.com/property-search/detail/10/PW19034323/1046-e-palmyra-avenue-orange-ca-92866/" target="_blank"> 1044 - 1046 E PALMYRA AVENUE</a>, ORANGE CA 92866.
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THE FRONT HOUSE IS A TWO STORY 1894 VICTORIAN CHARMER CONSISTING OF 3 BEDROOMS AND 3 BATHS, A CLASSIC FRONT PORCH AND A FINISHED BASEMENT.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/1044_E_Palmyra_Avenue/Front_House.jpg" width="989" height="649" />
THE LARGE OPEN LIVING ROOM AND DINING ROOM LEAD TO THE KITCHEN THAT HAS BEEN LOVINGLY REMODELED WITH GRANITE COUNTERS, NEW CABINETS, STAINLESS APPLIANCES INCLUDING A DOUBLE OVEN, TOUCH SINK FAUCET AND SMOOTH ELECTRIC COOKTOP.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/1044_E_Palmyra_Avenue/Kitchen.jpg" width="989" height="635" />
WOOD FLOORS. STONE ENTRANCE, RECESSED LIGHTING, DUAL PANE WINDOWS W/ANDERSEN AUTOMATIC SHADES, CENTRAL AIR, TANKLESS HOT WATER HEATER, NEW ROOF AND REMODELED BATHS FEATURING BODY JETS, RAINGLASS ENCLOSURE, CUSTOM IRON RAILING STAIRCASE AND CUSTOM CLOSETS AND BUILT-INS. PLENTY OF PARKING.
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THE REAR HOUSE SITS BEHIND AN AUTOMATIC GATE AND HAS 2 CARPORT SPACES AND A 2 CAR GARAGE. 3 BEDROOMS 2 BATHS BUILT CIRCA 1960'S FEATURES PAID FOR SOLAR ELECTRICITY, INVISIBLE WINDOW SCREENS, LARGE COVERED PATIO, ABOVE GROUND SPA WITH GAZEBO, AUTOMATIC AWNING AND A SIDE YARD FOR THE GARDENS. INSIDE A FIRE & ICE FIREPLACE, BUILT IN DINING ROOM CABINETRY, 2 SOLARTUBE SKYLIGHTS, LARGE MASTER BEDROOM WITH A BIG SCREEN TV THAT LOWERS OUT OF THE CEILING, SURROUND SOUND IN AND OUTSIDE, STAINLESS APPLIANCES AND GRANITE KITCHEN WITH CUSTOM BUILT IN MICROWAVE, BUILT IN FRIDGE IN BREAKFAST BAR AND REMODELED BATHS INCLUDING A VICTORIA ALBERT CLAW FOOT TUB. CUSTOM SINKS & LARGE WALK IN CLOSET. UPGRADED IN EVERY WAY
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/1044_E_Palmyra_Avenue/Back_House.jpg" width="989" height="647" />2019-02-15T17:54:00-07:002020-01-03T11:57:36-07:00Al Riccitag:riccirealty.com,2012-09-20:3349Beautifully Restored Craftsman in Old Towne OrangeA BEAUTIFULLY RESTORED <a href="https://www.riccirealty.com/property-search/detail/10/PW18290586/257-n-grand-street-orange-ca-92866/" target="_blank">1912 CRAFTSMAN</a> IN A VERY SOUGHT AFTER LOCATION, JUST STEPS FROM THE PLAZA & <a href="https://www.riccirealty.com/homes-for-sale-near-chapman-university/">CHAPMAN UNIVERSITY</a>.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/257_N_Grand_St/Front.jpg" width="1024" height="658" />
CLASSIC CRAFTSMAN FLOOR PLAN FEATURES AN OPEN LIVING ROOM W/BRICK FIREPLACE AND BUILT-INS, FORMAL DINING ROOM HAS BUILT-IN CHINA HUTCH & BUFFET ACCENTED WITH GLASS. ORIGINAL HARDWOOD FLOORS, PICTURE RAILS, MOP BOARDS, MOLDINGS AND DOORS ARE VERTICAL GRAIN DOUG FIR.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/257_N_Grand_St/Porch.jpg" width="1024" height="663" />
A PERIOD CORRECT REMODELED KITCHEN FEATURES STAINLESS APPLIANCES AND SINK W/CUSTOM CABINETRY AND TOPPED WITH CORIAN COUNTERS. A SUNNY BREAKFAST NOOK HAS STORAGE AND A DOUBLE PANTRY OUT TO A REAR SUN DECK. 2 LARGE BEDROOMS AND A FULL BATH W/TILE FLOORS AND WALL PLUS THE MASTER SUITE FEATURES A FULL BATH W/ DUAL PEDESTAL SINKS, JETTED TUB AND GLASS ENCLOSED TILE SHOWER.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/257_N_Grand_St/mitchen.jpg" width="1024" height="665" />
THERE IS A SEPARATE LAUNDRY ROOM ADJACENT TO THE BEDROOMS. THE MASTER BEDROOM HAS EXTRA CLOSET SPACE, CEILING FAN AND AN ENTRANCE TO A CHARMING COVERED REAR PORCH OVERLOOKING A MATURE SHADE AND FRUIT TREES THAT COVER THE REAR YARD.
<img src="https://assets.site-static.com/userfiles/1207/image/alricci/257_N_Grand_St/Back.jpg" width="1024" height="659" />
A RELAXING BUILT-IN CONVERSATION AREA AND A BUILT IN BBQ FOR THOSE <a href="https://www.riccirealty.com/old-towne-orange/" target="_blank">OLD TOWNE ORANGE</a> OUTDOOR GATHERINGS. A RARE DETACHED EXTENDED 2 CAR GARAGE WITH AUTOMATIC GARAGE DOOR OPENER AND A WORKSHOP/HOBBY ROOM. NOT INCLUDED IN SQUARE FOOTAGE IS A LARGE GLASS ENCLOSED FULL WIDTH FRONT PORCH. THE ORIGINAL WOOD FLOORS HAVE BEEN REFINISHED, FRESH PAINT AND MOVE-IN READY. TANK-LESS HOT WATER HEATER. A LARGE SINGLE STORY IS A RARE FIND. PROPERTY SHOULD QUALIFY FOR THE MILLS ACT PROPERTY TAX REDUCTION PROGRAM. CALL FOR DETAILS!2019-02-11T17:32:00-07:002020-01-03T11:59:02-07:00Al Riccitag:riccirealty.com,2012-09-20:3250Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1207/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2018-12-28T10:22:00-07:002019-02-12T10:21:03-07:00Al Riccitag:riccirealty.com,2012-09-20:3251Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/1207/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mortgage market is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs. Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage.2018-12-28T10:22:00-07:002019-02-12T10:21:15-07:00Al Riccitag:riccirealty.com,2012-09-20:3249Common Things to Look Out for Before Buying Your Dream Home<img src="https://assets.site-static.com/userfiles/1207/image/3-questions-to-ask-before-buying-your-dream-home.jpg" alt="Common Things to Look Out for Before Buying Your Dream Home" title="Common Things to Look Out for Before Buying Your Dream Home" height="410" width="750" />
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.
It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.
1. Why am I Buying a Home?
Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.
These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
2. What is the Trend with Home Values?
Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.
3. What About Current Mortgage Rates?
The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.
Bottom Line
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing. 2018-12-28T10:22:00-07:002019-02-12T10:20:52-07:00Al Riccitag:riccirealty.com,2012-09-20:3248Will Increasing Mortgage Rates Impact Home Prices?<img src="https://assets.site-static.com/userfiles/1207/image/mortgage-rate-projections.jpg" alt="Will Increasing Mortgage Rates Impact Home Prices? " title="Will Increasing Mortgage Rates Impact Home Prices? " height="410" width="750" />
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.
This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.
A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.
Bottom Line
As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.2018-12-28T10:22:00-07:002019-02-12T10:20:41-07:00Al Ricci