Here’s why sellers are calling the shots in our market.
What’s going on with our Orange County real estate market? In short, sellers are calling all the shots, and today I’ll tell you why. I’ll also explain how sellers and buyers can navigate this market. Historically low inventory and interest rates have created a massive amount of demand, and I’ve never seen a market this aggressive.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
1:36—If a home looks good and is priced near market value, it will get multiple offers and sell for over list price
2:44—We’re seeing super short inspection periods, as-is offers, termite clearances, discounted or free rent-back periods, and buyers willing to pay closing costs
5:00—What does this mean for sellers?
6:10—What does this mean for buyers?
6:50—The moral of the story: Working with an expert is in your best interest
7:11—Wrapping things up
As always, if you have questions about our market or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.