Short sales in Orange County have become very popular in the last few years due to the drastic price correction in Real Estate values in Orange County. Great news for potential home buyers with plenty of distressed inventory to choose from and historically low interest rates-a great combination for buying a home. Along with bank foreclosures, Orange County short sales can often be purchased at a discounted price. Since short sales can be complex transactions, we strongly recommend experienced representation by real estate agents who know the in and outs of these types of sales. If you are needing to sell, check out our short sale information guide for sellers.
Read more about Orange County short sales below.
No doubt short sales are a hassle in today's market since many short sales involve not knowing how long the bank will take to make a decision or if they will even accept your offer- quite frustrating! But, the good news is that some banks are becoming more efficient and shortening up their approval process. For the patient buyer, Orange County short sales can provide outstanding values.
Approved Short Sales are becoming more accessible as the banks go through their inventory-reduction process and review and accept a prospective buyer's offer only to see that the original buyer has moved on or can't qualify. In these cases, the short sale is "approved" and in most instances a new buyer can submit an offer and get a response within a much shorter period of time. These can be the best Orange County short sale properties to make a purchase offer on.
It is important for you to know that we are highly experienced in dealing with banks and in negotiating short sales for our clients. If an Orange County short sale home appeals to you, we can find the very best value meeting your specifications and make the home-buying process as smooth as possible for you and your family. Please feel free to contact us for a complete strategy on buying a short sale or bank owned home.