The market for homes in Orange County, California, finally seems to be waking up from a long slumber. While the closings for May didn’t set any records, the new pending escrows have improved substantially in the last month. When evaluating the overall market in Orange County, I look at all cities, and residential (not multi-unit…
Based on the levels of inventory, it looks like we are shifting back toward a seller’s market in Lake Forest! When the ratio of active listings to sales, or new escrows gets down below 6 months, it has generally been considered a market that favors sellers. This doesn’t mean that prices are likely to rise…
Lenders need to have a local reputation to protect and live up to! If you use a distant semi-anonymous internet lender, you will just be a “number” to them, and they may treat you like one! A seasoned agent told me years ago to make sure I always knew how to find my lender “just…
Check your home value, or one that you are considering! Which one do you think is most accurate? Are there others worth looking at? Zillow Cyberhomes RealEstateABC
Many people think that real estate agents are prone to exaggerating in their ads, but this one is really over the top! I hope you laughed as much as I did. This was my easy lazy way to add something to my blog without thinking too much. I just returned from a vacation, so I…
The market is picking up, no matter what the bubble bloggers are saying! Sometimes, people make decisions that are not based on rational, logical methodology, but on feelings and emotions. People want a place to live that they can call their own. Where they can feel safe and secure from the cold, or wet, or…
After reading Forbes Magazine’s list of “Recession-Proof Home Improvements” I’m not sure I totally agree. Since I have only seen cork flooring once, and haven’t yet seen any bamboo counters, I wonder what people in South Orange County, California think about these. If you have a minute, please take my simple little survey by answering the…
The Lake Forest real estate market is tough right now – for sellers, for buyers & for agents! While there are a lot of listings active on the MLS, when they are divided up by size, price, and locations, there really isn’t much to choose from. Today, out of 344 properties on the market, 58%…
For my sellers in Lake Forest, Rancho Santa Margarita, Mission Viejo, and other South Orange County areas, here is a list of important, but not totally obvious hints to follow when your house is on the market. If you have an answering machine – turn the volume to either “off” or “0″. You don’t want…
I just spent several days this week inspecting South Orange County REOs. The quality, condition and pricing run the distance from “Wow – pretty nice!” to “Gag – what’s that smell?” I saw a lot of REOs back in the mid-1990s and sold more than a few at that time. They also offered a wide range of…
Luxury Foreclosures
Vicki Lloyd, MBA, Realtor®