It’s a Buyer’s Market – Or Is It?
I did some research for a client tonight and 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. This 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. As many of you know, I'm the last pe…
Read more...Why Short Sales are Killing the OC Real Estate Market
A few years ago many of us, including a lot of Realtors, didn't know what a Short Sale was. To be clear, a Short Sale is when the value of the property is lower than the encumberances (loans against the property) and the necessary costs of sale. In short (no pun intended), the loans against the…
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Linsey Planeta
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