Inventory of homes is down in South Orange County. Interest rates are LOW. Buyer demand has been pent up for about two years. Sellers are still timid. The economy is beginning to stabilize. This has created a flurry of buyer activity in the area over the past two months. If you don’t believe me, go out and look at open houses and see the traffic. Put in an offer and see how many other offers are already on the property. My advice? Realize that currently we are seeing a bottoming of home prices, especially in the low end of the market (to about $500,000). It is no longer a buyer’s market with this kind of activity. If you are waiting for prices to go lower, you may lose out on a great opportunity to purchase a home at the lowest possible price.
If you are a buyer, you need to be able to take advantage of the services I can provide you in order to compete in this market. I can let you know when the new listings come on the market so you can be first to put in the offer, and I can also work to make sure you are protected during the negotiation and the escrow process.
If you are a seller, I can help you market your home successfully so you, too, can take advantage of this shifting market.
The reality is, the market is changing. I am ready. Are you? Call me. 949.525.5905