New Trends in Today’s Wild Wild West in Orange County Real Estate
Posted by Leslie Eskildsen on Friday, May 29th, 2009 at 11:23am.Attention Orange County home buyers! Market update! Very important!
What’s hot right now with Short Sale homes for sale in Orange County is for competing buyers to be asked for their highest and best offer - then the higest of the high and bestest of the best offer will be submitted to the bank - IF the buyer agrees to come up with a deposit and open escrow while waiting for a response from the bank(s). Some listing agents in today’s Orange County fast moving (yes, you read it here - FAST MOVING) Real Esate market are even stipulating that the deposit cannot be refunded for 30 days - in order to tie the buyer down and stop him/her/them from continuing to put in offers on other homes. Hmm. What do you think about all of this?
Will this help Orange County folks looking for homes for sale actually be able to buy something? Will is speed up the long process of a Short Sale? Will it mean on;y 10 competing buyers for the same home for sale rather than 38?
Oh - and the other hot trend right now is to ask to be in Back Up Position Number One if your offer on a home for sale in Orange County today is not the highest of the high and the bestest of the best.
And one more thing - homes are selling for over the list price. Trust me. Ask Rachel or Alan or Larry or Toriana or Charles or Tacy or Liam or Melissa or Leili or Jahan or Sami or Anita what it was like. And it is happening cities with great homes for sale all over Orange Couty - Mission Viejo, Ladera Ranch, Rancho Santa Margariata, Irvine especially!
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[...]out both times. Maybe the
third times the charm for this Orange County home! It's a Short
Sale and the owner's have pretty much abandoned it. The glass in the
front door is broken, he lawn[...]
Posted on Monday, November 16th, 2009 at 8:43 PM.