Mission Viejo Real Estate Today – What You Need to Know
If you are thinking about buyng a home in Mission Viejo, you need to be aware of the status of the each home you consider. This will update you on the three real estate markets at play in Mission Viejo in today – REOs, Short Sales, and Equity Owners. As a Mission Viejo real estate agent, this is really important information for my clients to know so they can make the best decisions regarging their home purchase.
Mission Viejo REO Homes for Sale
If you are interested in Mission Viejo California real estate and what’s going on in the market, there are 28 homes for sale in Mission Viejo that have been through the foreclosure cycle and are owned by the bank – these are called REOs or Bank Owned homes. When you make an offer on an REO home, you will get a response from the bank very quickly. You will also be required to buy the home as is, with no disclosures, and with a very short escrow.
Seventeen of the Mission Viejo REOs homes are condos and 11 are single family detached homes. They range from a 1 bedroom 1 bath condo for $139,000 in the Valencia neighborhood. 
to a 4 bedroom 3 bath home in Agean Hills with 3200 square feet listed for sale at $509,900.00
to a 4 bedroom 4 bath 4000 square foot view in awesome Stoneridge for $829,000.00. This home sold for $1,250,000 in 2006. WHAT A STEAL! What does this tell you about great deals on buying homes in Mission Viejo?
There are 36 Mission Viejo homes that are REOs in escrow today - the average days on the market for these sold homes is 42 days. This is by far the fastest moving market in Mission Viejo.
Mission Viejo Short Sale Homes for Sale
There are 143 Mission Viejo Short Sale homes for sale in today. These range from a
1 bedroom condo listed at $139,900 in Las Palmas
to a 3 bedroom 2 bath 1800 square foot single story home in the Madrids for $530,000
to this beautiful 4 bedroom 3 bath home with almost 4000 square feet in Stoneridge with a pool and a waterslide, listed for sale at $849,900.
The thing to remember about making an offer to buy a Short Sale home in Mission Viejo is that you may wait weeks or even months to hear back from the bank – and while you wait, other people can continue to submit offer – some of which may be higher than your offer. One strategy to consider is to make offers on every Short Sale home that you have any interest in, just to be in the game. This process can be very frustrating – buy if you are patient and have a good Mission Viejo Real Estate agent, it can certainly work in your favor.
Mission Viejo Equity Owner Homes for Sale
There are 210 homes in Mission Viejo that are not in a “distressed” situation, these owners just need to sell for whatever their reason may be. They will respond to your offer rather quickly, be able to provide you with information on the history of the home (disclosures) and be open to some level of negotiation on price, terms, and repairs.
There this 4 bedroom 2 bath 1460 square foot single family home in the Barcelona neighborhood listed at $420,000.
Here’s a 3 bedroom 2 bath home with 1750 squaare feet, single story, single family home in the La Paz neighborhood offered at $559,900.
Or you may prefer this 5 bedroom 3 bath home with almost 2300 square feet offered at $649,900.
There are so many choices of homes for sale in Mission Viejo today – which is why it’s called a buyer’s market. Now is a great time to buy Mission Viejo Real Estate – to make the market work for you. Just a thought to leave you with – you don’t wait to buy Real Estate, you buy Real Estate and wait! Go find a great deal on and buy a Mission Viejo California home!
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