OC Housing Report: Going, Going, Gone

Going, Going, Gone!!!

In today’s market, typically the buyer that is most qualified with a great job, large bank account, strong credit score, willing to remove contingencies, and bend to a seller’s every whim is the victor. That includes offering more than the asking price. In January, 60% of all closed sales in Orange County sold above their asking price.

A WARNING TO SELLERS: Carefully pricing a home is crucial to obtaining the best outcome regarding price and terms. Pricing at or slightly above the last comparable pending or closed sale will expose the home to the largest buyer pool. The auction that follows will have buyers competing against each other to achieve success. This results in sales prices above their asking prices, and in many cases, way above their asking prices. Stretching the initial asking price considerably above the comps may still result in achieving the ultimate goal in selling; HOWEVER, it will be at the expense of not obtaining the highest and best price and terms.

Below is a Snap Shot of the current OC Housing Report: Going, Going, Gone

(Due to Posting Restrictions, To View the Full Report Email Us at [email protected]   or Call 949.770.9888 for a FREE Copy of the Report)

If you or if you have a friend or family member that is thinking of buying or selling Real Estate, please contact us at 949.770.9888 with their name and number and we will be happy to follow up with them!

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