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Orange County Real Estate Info 9.29.12

October 1, 2012

There’s some exciting Real Estate news this week for Buyers and Sellers!

SELLERS ~ Right now is an opportune time to list your home!  With the Holidays just around the corner, only serious buyers will be home shopping.  Other than distressed (foreclosures & short sales) properties, buyers will have very limited choices which will make your home stand out!

If you’re looking to move up, homes are expected to appreciate 15% between now and 2016.  This is a great time to buy the dream home on your wish list.  Interest rates are expected to stay low well into 2014.  If you wait to move into a higher priced home it will end up costing you more in do wn payment and your mortgage.

If you choose to list with me, and I hope you do, I assure you, I can get your home sold quickly with little interruption to your privacy and lifestyle.

BUYERS ~ As of Sept, there were 13,205 homes purchased daily across the country.  31% were first time buyers, 18% were investors & 27% were cash buyers.  Personally, I’m very glad to see the first time buyer numbers so high!  I work with a lot of FT Buyers and I have a great lender that has First Time Buyer grants & programs available to help with the down payment and closing costs.

Think about if you’re willing to get your hands dirty and purchase a distressed home or if you prefer a home that’s move in ready.  Get your wish list together but remember to be flexible, you’re likely to get 80% of your wish list!  Then talk to a lender (I can provide recommendations or use someone you k now or a friend/family member has used and suggests) and get your price point working with your budget.  Then call me and we’ll get out there and find you a home!

MARKET UPDATES ~ According to CNN Money on Sept 26th, housing sales are steady but prices rose sharply.
“Even though this report did not show a significant headline increase, the persistent low levels of inventories and increasing prices are encouraging signs and in line with our view of a broader housing recovery,” said Cooper Howes, an economist with Barclays Research.”
“NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.”

This is great news for anyone in the market to buy or sell a home!

If I can help with any of your real estate needs, please call or email me!  I’m ready when you are.
Hope you have a great weekend!
Patti
714-398-1998
pattig503@yahoo.com
TNG Real Estate Consultants
DRE #01182154

 

 

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