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Orange County Buyers

Orange County Housing Report: Interest Rates Trump Tax Credit

September 21, 2010
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Here’s the latest Housing Report from Steven Thomas, President of Altera Real Estate.
It is time for buyers to start focusing on historically low interest rates; they won’t last forever.
Interest Rates
Rates are at ridiculously low levels and seem to be taken for granted.
I have always been fascinated how almost nobody focuses on how rates affect purchasing [...]

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Orange County Housing Report: Back to School Report Card

September 15, 2010
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Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
Since it is back to school for the youngsters, it is time to update Orange County’s housing report card.
Housing Demand:  C
After starting off the year with decent demand, we quickly realized that it was artificially high due to the Federal first [...]

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Straight Talk for Home Buyers

August 23, 2010
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Wouldn’t you like to know what Real Estate Agents fear telling you?  Well, now you can!  Our new site is dedicated to doing just that for home buyers and sellers in today’s crazy Orange County Real Estate market.  Selected articles also appear in the Orange County Register Real Estate section every Sunday.
Advice for Home Buyers
Here [...]

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Orange County Housing Report: Hey Sellers, Get Realistic!!

July 12, 2010

Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
The Orange County Housing Inventory has inflated by 48% since the beginning of the year on the backs of unrealistic sellers.
Unrealistic Sellers
Overpriced homes have flooded the market.
Reports of tremendous competition among buyers have fueled unrealistic seller expectations.  Reports of multiple offers [...]

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Orange County Housing Report: Demand Returning to Normal

June 19, 2010

The drop in demand ever since the end of the Federal first time home buyer tax credit on April 30th is slowing and leveling off.
Housing Demand
The 4% drop in demand in the last two weeks is much better than the 12% posted two weeks ago.
At this point, looking in the rear view mirror, the end [...]

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An Oasis in Orange – Condo for Sale by Equity Owner

June 14, 2010

Brand new on the market!  Click “play” to see a short video of this great home for sale in Orange, with wonderful patio, upgraded kitchen and bathrooms, and beautiful living space.

This end unit condo in Chapman Townhomes, with 3 bedrooms and 3 bath, has vaulted ceilings, gorgeous natural light, and a secluded garden back yard.  The [...]

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$30k Price Reduction on Foreclosure Home in Fullerton

May 7, 2010

This super-clean home on the Coyote Hills Golf Course in the gate-guarded Pinehurst Greens neighborhood has been on the market almost 4 weeks, and the bank says, “Sell it now!”
Previously offered at $679,900, the list price has now been reduced to $649,900.
Check out the Virtual Tour – three large bedrooms, three baths, a beautiful well-maintained [...]

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What a Multiple Counter Situation Means to an Orange County Home Buyer

March 29, 2010

You put an offer on a great home, and the response from the seller comes – a counter-offer, marked “MULTIPLE COUNTER OFFER”.  What does it mean?  What should you do?  Well, first of all, don’t panic!

What Does “Multiple Counters” Mean?
Often in today’s Orange County Real Estate market, homes in [...]

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Top 4 Tips for How to be a Successful Home Buyer in Today’s Orange County Real Estate Market

March 22, 2010

It’s a seller’s market market in Orange County Real Estate Today – so here are the top 4 things you need to do to be successful as a buyer against pretty staggering odds.

1. You have to have your Money available
You have to have money for an initial deposit – usually about 1% of the price [...]

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Real Tips for Home Buyers – What Every Buyer Needs to Know About Cross Approval

March 20, 2010

Real Tips for Home Buyers – What Every Buyer Needs to Know About Cross Approval
An emerging trend in Orange County home sales is to require the buyer to be Cross Approved in order to submit an offer to buy a home listed for sale.  This means that even though you already have a pre-approval from [...]

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