Is it still a buyer’s market today in Orange County? As experts in the Orange County real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
The State of the Market for Buyers in Orange County CA
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Orange County, but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Laguna Niguel market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
We’re investing in Orange County because we believe in the community and the people here.
If you need to sell a property near Orange County, we can help you.
We buy properties like yours from people who need to sell fast.
Give us a call anytime (949) 625-4533 or fill out the form
over here today if you’re looking to sell a Orange County house fast!
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
We are Hiring Real Estate Agents in Southern California. Get information here: Pellego Agent
Are you looking to sell your home or know someone who is?
I am a full time Agent as well and offer the below services. My commission structure will NOT be beat. I will feature your property on my website: Joe Homs Realtor. I will ALWAYS create a single property website like this 105 Ovation, Irvine. Everyone likes it when someone brags about their home so I will Blog about it on my Real Estate Blog and Promote it on my Facebook Business Page. If that is not enough then I will also Post it on Linkedin to my Activity Feed and Tweet about your property on my Twitter Feed… And oh BTW… I’m going to create a Video and post it on my YouTube Channel, then share that with all my other Social Media Channels
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
Find me on BiggerPockets here: Joe on Bigger Pockets
My Schedule: https://calendly.com/joepellego if you would like a “one on one” appointment with me.
http://www.joehoms.com (my Website)
Are you looking for the value of your home? Home Value Click Here
Investors looking to flip click here: Flipper’s Click Here
Sellers looking to sell click here: Selling Click Here
P.S. Do You Need To SELL YOUR HOME Quickly? We buy houses in ANY CONDITION! We pay CASH and you will not pay any commissions, agents, or fees. Save thousands in “junk fees” and work with a bona-fide buyer directly!
Get Cash Offer in 48 Hours! Click the link below ===>
https://www.fliphomesoc.com/If your home is listed on the MLS or you have a listing agreement with a Realtor this email is NOT intended on any solicitation of your listing.
DRE# 00702131