If you listen to the media and many other experts out there, you'll hear that it is a buyers' market, that inventory is languishing on the market, that values are falling and the sellers are desperate for an offer.
This may all be true in some cases, but real estate is hyper local, and in order to really understand what's going on in real estate, you need to look at the local area.
Here in Orange County, we are often seeing homes selling for multiple offers, sometimes over asking price in desirable areas on well-priced homes.
In the picture below, you will see the line of people waiting to get in to a very well-priced home.
Does that look like a buyers' market?
Admittedly, this was a special circumstance as there was only to be one showing, but as you can see there were many people very interested in viewing the home and willing to wait their turn to do so.
Is it really a buyers' market? The best way to answer that question is to contact a local real estate consultant and discuss it with them.
Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!
***************************************************************************
About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Do You Owe More on Your Home than It's Worth, and You Don't Know What to Do? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Waiting Lines for an Open House in a Buyers' Market??!
***************************************************************************
About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
Click Orange County homes for sale to view all OC homes for sale.
