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Finding Your Dream Home – Home Long Will it Take?
If you are in the market to buy an Orange County home you are not alone! Buyer demand is very high and inventory of available listings is low which means it may take some time to find and ultimately buy your dream home. Just how long could it take? A recent survey conducted by Harris Interactive indicates that 33% of people searching for a home have been searching for more than a year. The good news is that the remaining 67% found a home in less than 12 months.
 
As an Orange County Realtor, I am certainly seeing very similar buying experiences in our local market. The rebounding real estate market combined with low interest rates has created a buying frenzy. Couple this with the fact that we started the year with inventory levels down over 60% from the previous year and the challenge to buy has gotten much tougher. It is still a great time to buy with interest rates still very low and prices still well below their peak values.
 
Buyer Tips to Shorten Time to Buy:
 
·         Mortgage Preapproval/Prequal – ensure you are preapproved for a mortgage before you start looking. You can’t make an ... more

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