Adapting To The Orange County Real Estate Market
If you’ve been following the Orange County real estate market, you know that we have a tight supply of homes right now, and a very aggressive demand; this means that as an Orange County home buyer you have to be prepared to do the right things to buy or risk losing the home that you really want.
Get Prequalified Immediately
Before going out and searching for Orange County homes for sale, do the right thing and get prequalified for a mortgage first before you start shopping for a home. Why is this step important? Prequalification will help you to know where you stand financially, how much mortgage you can obtain and what your monthly payment will be. Prequalification also gives sellers confidence because, they know that you have buying power and will be able to back up your offer on their home.
Find A Top Orange County Realtor
In today’s Orange County real estate market it’s not uncommon for sellers to receive as many as 20 or more offers on a home. What does this mean to you? You should hire an Orange County real estate agent who will be aggressive enough to make your offer stand out by doing the little things like taking your offer to the listing agents office instead of faxing in your offer.
Know And Accept The Current Market Conditions
You still might be tempted to wait a few months to buy a home in Orange County, but the reality is that there’s never been a better time to buy a home than right now. Every realtor agrees that the market has hit rock bottom and when you combine that with historically low interest rates; you’re going to get an excellent deal on a home in Orange County.
Even though there’s a high demand right now, there still are plenty of great homes available that you can get at market value and, even though you might not be able to get a steal on a home, you should still buy now anyway because in 12 to 24 months from now, home values are expected to go up three to five percent more than they currently are, and you will see appreciation on your home so it’s an important time to buy an Orange County home or condo now while you can get an excellent deal.
For more information on the Orange County real estate market and to view Orange County homes for sale, contact the team at Fred Sed & Associates today at (949) 272-0125.