San Clemente Homes For Sale Under $800,000

You don't have to be a rocket scientist to know that home properties that were valued at $1

,500,000 several years back and are now listed for a "paltry" sum of $800,000 are definitely good investment options. This is what you will get if you seriously consider investing in San Clemente homes for sale. While this option is not really intended for the hardcore flippers, the prevailing market condition presents some of the best choices for those who are looking for long term investment opportunities.

San Clemente Prime Properties at Rock-Bottom Prices

Prices of real properties in San Clemente have consistently declined by an average of 1 percent monthly from 2008 up to 2010. For the current year, real estate prices in major markets in San Clemente remained flat. While the current market listing is still laden with REOs and short sales, there is now an emerging segment of new "buyables" which could well be the best options for serious home buyers and investors. Most market analysts agree that San Clemente CA real estate has stabilized and, with a budget of $800,000, you can now find a mid-range 2-story home that boasts of exciting view of the ocean in several gated communities in this Orange County town.

San Clemente offers some of the best buys for home buyers and property investors looking for luxury and mid-range beach homes. This prime location boasts of small town charm and old structures that evoke distinctive Spanish themes and feature old architectural designs that go as far back as the early 20s. San Clemente is renowned for its elegant diversity, and the best beach homes are located in gated communities of San Clemente Southwest, San Clemente North and San Clemente Central.

Is It the Right Time to Buy San Clemente Homes for Sale

How can you determine if it is the right time to buy San Clemente homes for sale or not? Your final decision will depend on your personal goals and intentions. If you are looking to hold on to the property for a year or two, then buying a mid-range or luxury home now is definitely not a wise decision.

On the other hand, serious home buyers and property investors who appreciate the true worth of long term investments could find some really interesting home buying options in San Clemente. Concurrent market variables offer some good investment opportunities. Mortgage rates are at an all time low, and with a good credit rating, you can qualify for a 30-year fixed rate mortgage with a 3-percent interest.

For instance, if you are buying a San Clemente beach home for $800,000 using a 30-year fixed term mortgage with 3-percent interest, then you will only have to allocate $3,000-plus for your monthly mortgage payment. You have to remember the basic principle about real estate investment - low mortgage rates lead to lesser monthly payments, and this means that you will be spending less for your home property in the long run.

by: Gen Wright

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