Well, this month has been an active one for me! Everything from an all cash transaction for a beautiful home in Huntington Beach to a great deal for a first time buyer! The great buy was a bank foreclosure on a condo in Mission Viejo. My client is the daughter of a past client. The good news is now she could buy because prices have softened enough. As a matter of fact, the market has opened up enough for buyers who couldn't buy before that there is a silver lining to this market. A big silver lining!
Short sales....don't hold your breath if you found your dream home and it is a short sale! Only 1 out of 5 actually close. The short sale I negotiated and closed was one that was already approved by the lender. Don't be fooled; these deals are treacherous!
My recommendation...get out there and buy now!! Rates are going up and the market is firming up especially for entry level properties!!
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