Hula and The Real Estate Market Today

These are my thoughts after a week for searching properties for clients that were all sold within 3 days. You barely get your contract signed and it's gone. 

If you listen to the news you would think that there are no buyers purchasing homes today and everyone with a home is in default. This is not true in Orange County and especially at the beach. Homes have barely dropped and very few are in foreclosure. The Short Sale Market has picked up but many agents run from them, like me. I have waited for so many good transactions to fall short in the Short Sale Market that I have become less than enthusiastic about getting involved with another one.

Buyers are buying everything priced well that hits the Market, and they are paying more than the asking price due to the amount of offers received. It is amazing to listen to the news when it doesn't reflect the truth. REO's are still a good deal and easy to close, Equity Seller's are also easy to work with and easy to close. So when you hear the doom and gloom don't let it affect your attitude toward the Real Estate Market. It is and always has been thriving in Orange County. Don't wait too long for the Market to hit rock bottom if you wait, there may not be anything left.

My advice if you see what you've been looking for, make an offer and go for it. There is another buyer right behind you ready to buy.

Happy St Patricks Day to all the Irish and everyone else.

Dee