So just how heated is the Orange County Real Estate Market? Buyers are competing for very little good inventory and competition to buy is as high as I have ever seen – yes even higher than at the height of the last real estate boom. So what’s a buyer to do to make their offer stand out in a crowd – bake a cake of course!
This is based on a true story and not made up. One of the buyers that I am currently working with diligently checks her new listing updates multiple times a day. Whenever a new listing comes to market in Mission Viejo that has any potential we look at it asap and make a solid offer asap. Most offers are over list price and buying has been a challenge even for this well-qualified couple. Earlier this week we submitted another strong offer over asking and the sellers informed us that they would be looking at all offers next Monday and responding.
While I always write a strong email with the offer submission sharing why my clients are perfect for the home and why the home is perfect for them, my buyer asked if she could also write a letter. “Absolutely, I will be more than happy to submit it along with your offer”, I replied. After a long delay, my buyer said “Oh no, I want to hand deliver it to the sellers with the cake!”
The cake is a nice gesture but I assured my buyer that the listing agent would probably not like her contacting the seller directly and I assured her that her letter would find its way to the sellers via the listing agent. The cake was a sweet idea and who knows, maybe it had a pen in it for the seller to sign our offer!
Sellers take note, if you are looking to sell your home in South Orange County, now may be the perfect time – interest rates are at historic lows, prices are up approximately 20-25% over last year and approaching previous peak levels, and buyer demand is extremely high. I can assure you that I really do have buyers in most South Orange County communities – especially if you have homes for sale in Mission Viejo! You may even get a cake!
David Grbich is the Broker Owner of Ventana Coastal Properties and serves the needs of buyers, sellers, investors, and renters in the South Orange County area. Call David anytime at 949-500-0484 or email dave@ventanacoastalproperties.com.
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