Did you feel it? All you buyers out there?
Yeah, that crazy shift in the Orange County homes that is causing multiple offers and over bidding on properties? No matter what the price range is?? I did too. We’ll have to see if it’s a blip on the radar or if it lasts through the summer, but for now, its reality. So, if you find a property you want, chances are likely that so have 20 other people. How do you win? It’s tough. You have to be ready to step up and probably pay more than the comparable sales. That’s a hard one to swallow, I know. But if it has everything (or at least close to everything) that you want, get it and hold onto it for a few years. With the way things are going, you’ll be just fine and you have the place you want to live in for years to come. Remember, while it’s nice to make a great investment decision, it’s your home, not a bank account. Another thing is to see the house right away. The minute you see that listing, jump on it. Don’t wait 3-4 days when your schedule permits. It’ll be gone. Be prepared with your bank pre-approval letter and bank statement to prove to the seller you actually have the money and qualify to buy their home. Don’t lowball your offer. Really. I know that no one wants to overpay, but if you start out too low, you aren’t going to make any friends with the sellers or their agent. They won’t take you seriously and they’ll just move on to the next offer. Don’t always expect a counter offer either. If there are 6 offers, and you are the lowball, guess what, you get skipped. Be serious and prove it to the sellers to make sure you at least get in the game and get a counter offer.
So all you folks out there holding out for the great deals….you may have missed the boat. For now. Yes, there still are a few out there if you are willing to wait months and months for a short sale and hope that the terms come back favorably without extra thousands of dollars in extra fees and expenses. But, if the current trend holds true, it’s time to step up and make it happen before prices get higher and you’ve completely missed out. Interest rates are still historically low. Take advantage of it.
We’re here to help you get the home of your desires. All you have to do is be ready and call us. (949) 888-6788. We’re ready for you!
Teresa and the Team