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It's a Buyer's Market - Or Is It?
My last post had quite a heated debate on Active Rain (which I dig BTW).  How do you educate clients about when to buy?
I did some research for a client tonight. The findings are important to share with readers here.  If you are a serious buyer or seller, this information is telling.  Please stick with the tedium of the stats because the story it tells is meaningful.
My particular buyer is looking in Mission Viejo between $450,000 and $550,000.  He wants a single family residence.  With that criteria, I hit the MLS looking for a picture of where we really are.  He's not alone.  His buyer profile is one of at least 3 buyers that I'm working with at the moment in South Orange County.
As many of you know, I'm the last person to jump on the 'Hurry Buy Now' band wagon.  However, if you are in this price range in South Orange County - this is speaking to you.  What did I find?
There are 40 Active single family residences currently listed in Mission Viejo between $450,000 and $550,000.  How do those breakdown?
19 are short sales (BTW - refer to my posts on shorts sales to understand ... more

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