Gearing up For Great Year End Deals Orange County Homes for Sale
As the year end approaches, expect to see hundreds of Bank Owned or REO homes in Orange County CA for sale at dramatically reduced prices. We are about 18 months into the cycle of Real Estate foreclosure that is sweeping the nation. In a time of economic uncertainty, a changing of the guard in the White House on the horizon, and the initial phases of implementing the $700B Stimulation Package – great fortunes will be made in the future by investing in Real Estate now. And with the US Governmant stepping in to run IndyMac, Fannie Mae, Freddie Mac, and other mortgage providers, the dam is ready to burst.
There has been a steady increase in the release of Bank Owned or REO properties for sale in Orange County - 250 South Orange County REO homes for sale came on the market in October. Not surprisingly, 104 of these homes sold in the same month! Compare that with the 143 REO homes in Orange County new for sale in September – and 92 of those sold in the same month!
2008 Orange County REO Homes for Sale Month by Month
|
Month |
New REO Listings |
REO Listings Sold |
Listing Increase from Prior Month |
|
June |
25 |
13 |
|
|
July |
55 |
27 |
30 |
|
August |
72 |
48 |
17 |
|
September |
143 |
92 |
71 |
|
October |
250 |
104 |
107 |
So get ready – more Orange County REO homes will hit the sale market in November and still more to follow in December. Buyers must be ready, willing, and able to act quickly in this home sales environment. The homes in the best locations, at the best price, and with the most potential for immediate equity are being picked up by savvy home buyers very quickly. Stay tuned to learn what to do to compete for your share of this incredible Real Estate Buyer’s Market by finding a great deal on a Bank Owned home for sale in Orange County California.
Tell Others What You're Reading!
Connect with me!
{ 1 comment… read it below or add one }
I remain there has been a steady increase in the release of bank owned or REO
properties for sale in Orange County.Buyers must be ready, willing,
and able to act quickly in this home sales environment.