Is Our Real Estate Market Perking Up?
April 5, 2009
Living near the coast has its advantages. People want to live here – that’s the bottom line. But will homebuyers pay more than “market value” for coastal O.C.? Not usually, unless a property has compelling features, such as an incredible view, extraordinary lot, or perfect, upgraded condition. These are examples of what I call “insurance policies” in tough times. These properties will often sell for higher prices in all market conditions, and the insurance policies help to keep these homes from becoming merely commodities in a market dominated by foreclosures and short sales.
We are pleased to report that we now have three of these homes in escrow…all special in their own right, and all scheduled for April closings.
Almost everyone knows personally someone facing financial difficulty. For me, the market which started with stories on the evening news about foreclosures in Florida quickly became phone calls from clients about their friends in O.C. who had defaulted on loans, or were nearing trustee sale.
The situation can become paralyzing …many people who usually have it all together…are not sure what to do.
Let me be very clear. There is no reason for foreclosure to be the best, or only, option!
Please call us. We can help. We will confidentially meet with you, or a friend in distress, and review all the options.
“Love where you live…live where you love!
It all begins at home!”
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