It’s Buy Time, Big Time!

The news zooms out of every conceivable media outlet -- houses are more
affordable than ever! Homeownership once again is in reach! The bargains
are booming! The Coastal Property Experts agree. So do some of you. Low prices and low interest rates have begun luring you savvy shoppers back. Congratulations! You’ve already begun reaping major rewards. But what about the rest of you?  Open your eyes.  The skies are clearing in the Laguna Beach real estate market. It’s buy time, big time!

The climate is sunnier than a summer day if you come to the table with the
three golden keys: (1) down payment cash; (2) a steady income; and (3)
good credit score. Nowadays, one of these essentials will get your foot
comfortably in the door. All three practically shove the deed into your
hands.

Yes, there’s a giant, bright neon sign flashing over the Laguna Beach real
estate market. And it reads: OPPORTUNITY. In today’s marketplace, you
definitely can get more home for less money. Low selling prices are one
big factor. The other is our historically low interest rates, which
tremendously will restrict the flow of money from your pockets during
your mortgage period. Currently, borrowed money will cost you just 4% if
your credit is good. The benchmark of ‘good’ is a FICO score of 720.
But like everything else, that can change.

And even if you’re credit score is less than supernatural, very few banks
will give you the heave-ho these days. In fact, you still may be in the
running for a good rate and a delicious deal. As they say, you never
know unless you try. So stop stalling and politely inform your bank,
‘you want a Laguna Beach home and you want it now.” Then rub your
rabbit’s foot.

Another advantage to you as the buyer is that there are fewer of you prowling
the market. And, as those with a basic economic education already can
guess, fewer buyers translate to more power at the negotiation table.
Ultimately, you’re packing more leverage in that little deal-making
arsenal of yours. And serious sellers have no choice but to bend a
little -- a lot more if their Laguna Beach home has been stuck in the
mud for months and months.

And, of course, there’s the well-known overstock of Orange County distress sales.
Experts claim the flood of foreclosures and shorts sales will be with
us for some time, primarily because of bank delays. Lending institutions
are bursting at the seams with delinquent properties that have been
sitting in their stock room for years. And they’re ready to blow them
out big time. But don’t be the last in line. 

So there you have it. Great deals, rock-bottom prices, historically low
interest rates, limited demand, and oversupply all equal one inescapable
conclusion – it's buy time, big time for Orange County real estate!

Contact The Coastal Property Experts today. Our team will be delighted to answer any of your questions and help you discover the wealth of opportunities waiting for you in the Orange County real estate market.

Connect with our team at 949.415.6786 or hillary@thecoastalpropertyexperts.com.