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How to be a Succesful Home Buyer in Today's Orange County Real Estate Market

Posted by Leslie Eskildsen on Saturday, October 10th, 2009 at 11:45am.

Buying a Home in Today's Orange County Real Estate Market Takes Hard Work

It's a great time to buy a home in Orange County - are you up for the challenge? In today's fiercely competitive real estate market you can expect to experience the following situations:

  • Multiple offers - this means there are other buyers who what the same house you want and may fight harder to win.  You must know exactly what you are willing to do to get the home you want.  This includes the amount you can spend, the cash on hand for an initial deposit, how quickly you can move, and how much of a down payment you can afford.
  • Rejected offers - can you handle rejection?  Maybe even 22 times?  It can pay off to be persistent. But it takes time and effort.
  • Paying more that list price - you may have to offer more that what the home is listed for to be successful.  And please know, sometimes homes are listed UNDER market just to get offers to come in quickly - and get the most agressive buyers to set the sales price. 
  • 30 Day Escrow - you will more than likely have to close in 30 days or sooner.  Asking for a 60 day escrow could be the kiss of death in your offer.
  • Accelerated Contingency Removal Period - you may be asked to speed up the process of conducting your inspections and getting full loan approval - being able and willing to do this may help your chances against other buyers.

And you already know what you have to do to be ready to look at homes and make offers, right?  Here's the overview in case you need it. So get up earlier, stay up later, eat lunch at your desk, whatever it takes to give yourself the extra time you'll need to be a successful home buyer in today's Orange County CA Real Estate market.  You deserve it!

 

 

2 Responses to "How to be a Succesful Home Buyer in Today's Orange County Real Estate Market"

Rancho Santa Margarita REO Homes for Sale – Market Update - Orange County Real Estate-Orange County Homes For Sale wrote:
[...]built in BBQ in the back yard.  But you’re gonna have to run to grab any of these – watch this to see what you need to do!
Or just give us a call – 949-678-3373 or 949-584-5221 and we can[...]

Posted on Monday, May 10th, 2010 at 9:33 PM.

Orange County Home Buyers – 4 Tips For Success - Orange County Real Estate-Orange County Homes For Sale wrote:
[...]Eskildsen on July 6, 2010
in Getting Ready to Buy a Home, Home Buyers


Want to be a successful home buyer in today’s Orange County Real Estate market?  Here’s all you have to[...]

Posted on Wednesday, July 7th, 2010 at 12:57 AM.


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