What is Real Estate Truth?

On Facebook awhile back I asked for suggestions about what people want to know regarding Real Estate.  The most emphatic reply was:  "THE TRUTH!" 

Well, here it is:  "I DON'T KNOW!"

•·         I don't know when the banks are going to release all the foreclosed homes they are holding.

•·         I don't know when the market is going to bottom out.

•·         I don't know what interest rates are going to be.

•·         I don't know how many offers there will be on the Bank Owned home you really want, or if they will select yours.

•·         I don't know if the short-sale will ever be approved by the bank.

•·         I don't know if you will ever win the lottery!

Whew, now that we got that out of the way, let's talk about what I DO know:

•·         I know I submitted 22 offers this year for clients and every one of the homes had multiple offers (clearly, a lot of people think it's a great time to buy).

•·         I know people want to buy homes in Orange County: OC Register article Sales up in 51 O.C. ZIPs in mid-June  http://lansner.freedomblogging.com/2009/07/10/sales-up-in-51-oc-zips-in-mid-june/29555/

•·         I know interest rates are at historic lows.

•·         I know every neighborhood is its own microcosm of supply and demand, which is reflected in varying home sale volume/price.  Irvine's stability is a great example.

•·         I know You have to understand that Federal, state, and local laws, customs, and practice are evolving at lightening speed.

•·         I know You have to trust ALL the professionals representing your interests. 

There you have it, the truth, in a nutshell.  The bottom line is that home buying and selling in OrangeCounty in 2009 must be a reflection of what is best for you and your family/investment group/portfolio.  The choice is yours.

Share the word.