57 New REO Homes for Sale in South Orange County
Posted by Leslie Eskildsen on Saturday, September 26th, 2009 at 12:21pm.NEW REO HOMES HIT THE SOUTH ORANGE COUNTY REAL ESTATE MARKET
In the past week, 57 new Bank Owned, or REO, homes hit the market for sale in South Orange County, CA. They come in all shapes and sizes, from a 1 bedroom 1 bath offered for sale at $134K in Lake Forest to a 5 bedroom 6 bath custom home in the Summit of Turtle Ridge with two kitchens in Irvine offered at $3.4M. Quite a spread in size, price, location, and condition. Just what the REO market is all about!
But here's the scoop - 31 of these are ALREADY SOLD. There is such huge demand for homes that people can acutally buy in today's market, that these REO's are flying off the shelf - in multiple offer situations- many selling for more than the original asking price.
So if you are a buyer in today's market, you have to be ready to act quickly if you want to compete for these great opportunities. Especially since the First Time Home Buyer Tax Credit will expire on November 30.
Give me a call or email me if you want the inside scoop on REO homes for sale in Orange County!
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