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2009 is an excellent time to purchase a home in
Orange County, California!
Orange County home buyers are seeing the best home prices in since 2003. Home prices have adjusted 25% to 35% lower, making home ownership a very attractive investment today. In fact, at today's prices and interest rates monthly costs to own your home is lower then renting the very same home.
Now owning a home is more affordable then renting. In a real estaste market correction, this is often the signal buyers are waiting for to purchase their home. Home buyers waiting to purchase at the bottom are often too late to take advantage of all the benefits of a correcting market. After a significant correction, the real estate market bounces back and inventory levels drop again. This diminishes the excellent selection that was available when prices where near the bottom. Our real estate market has already experienced a significant drop in pricing. Although in the past 12 months real estate inventory levels have already shrunk, historically we still have good selection. The best time to purchase your home is when the market provides the best combination of price and selection. We are seeing that ideal combination today.
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Check Out These Great Properties! Click on Any Picture for More Information
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Two Story Townhome on Quiet Location on Greenbelt
3 BR, 2.5 BA, 1,585 SF, Association Pool and Clubhouse
Upgraded Kitchen and Baths $420,000
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JM Peters Woodside Pool Home on Cul-de-sac
4 Bedrooms, 3 Baths, 2,600 Sf, 6,360 Sf Lot
$850,000
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Oxford Court Home- Just Steps to Oxford Academy
5 Bedrooms, 3 Baths, 2,300 Sf. Bedroom and Bath on Main Level
$650,000
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Somerset Homes- Banyan Plan 31: Largest Single Story
3 BR, 2.5 BA, 1,628 SF, 6,500 SF Lot
Koi Pond, Spa & RV Access $575,000
IN ESCROW
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Spacious Single Story Fairway Park Home
3 BR, 2 BA, 1,400 SF, 5,700 SF Lot
$499,900
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Fabulous Beach Location Just 3 Blocks to the Ocean
BayShore Home, 2 Bedroom, 2 Bath 1,160 SF
$499,500
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The Arbors of Cypress
4 Bedrooms, 2.5 Baths 1,948 SF
$540,000
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Brentwood Upgraded Single StoryHome
Buena Park, CA
$410,000
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Sorrento Collage Plan One
4 Bedrooms, 3 Baths, Highly Upgraded
Pool and Spa $770,000 SOLD
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Super Large 17,758 SF Lot, 6 Bedrooms, 5 Baths
Custom Designed Pool and Spa with Rock Slide and Waterfall
$1,100,000
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Great Cypress Home 3 BR, 2.5 BA, Upgraded Kitchen & Baths
Cypress, CA
$2,300 FOR RENT
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Fabulous Estate Lot. Extended Circle Driveway
Amazing 50 X 20 Ft RV Garage with 14 Ft High Ceilings
3 BR, 3 Ba, 2700 Sf, 17,040 SF lot $760,000 SOLD
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.... Our last two appreciation cycles began in 1985 and 1997. The time to purchase at the bottom of these real estate markets was 1984 and 1996. This is when the market offered the best combination of price and selection. Buyers who delayed their purchase waiting for evidence of the market bottom experienced two problems. By the end of 1985 and 1997 when the market change could be confirmed, these buyers had already missed out on 8% of price appreciation. This meant not only did they miss out on the enjoyment of living in the home they wanted; they experienced no financial benefit for the delay.
The second problem was now that other buyers began to recognize the market change; there were fewer and fewer homes to choose from. Home prices were rising and selection was diminishing quickly. Each additional month of delay brought even higher prices and less selection for which they now had to compete with other buyers entering the marketplace. By delaying their home purchase, these buyers often paid more and had to accept homes with less desirable features than if the purchased earlier when selection was better.
One of the most attractive benefits of purchasing a home today is the above average number of choices available. If we are buying a new car, TV, appliance or any other consumer item, we can delay our purchase while looking for a lower price. Whether we are right or wrong about the future price of an item, we will still be able to purchase that same item later. A home purchase is unlike any other purchase a family can make. Homes are very personal. Your home is where your family lives. Even model matches can be very different from each other: Different upgrades, location, lot shape, lot size, orientation on the lot, and so on. When more choices are available, you have a much better chance of securing the right home with more of the features you really want at a good price. As real estate prices rise again, buyer demand causes home inventory levels to drop. This makes it very difficult to find a home with the features you want.
8 Excellent reasons to purchase a home today:
click to continue reading...
If you are considering a move in 2008; I invite you to give me a call. I can share the current market conditions, and where real estate is headed this year and next. We can discuss how you can make the most of your opportunity in the real estate market.
Just give me a call at 1-800-944-2441
As always, there is no obligation and our conversations are confidential.
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* Over $28 million in Home Sales in 2008
* 23 Years of Experience
* Remax Hall of Fame
* Top 1% of Real Estate Agents in the United States
* #1 Selling Real Estate agent in Cypress 2005-2008 |
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(800) 944-2441 |
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