Orange, CA

Like it or not, the Federal Government has extended and expanded the Home Buying Tax Credit. Considering the frenzy of home buying we have experienced in Orange County for the past few months it is clear that demand will remain high through the traditionally slow season. Homes often receive multiple offers even in the $600K to $800K range. Expanding the Tax Credit will bring more higher income Buyers into the market, thus increasing demand for higher priced homes.

Since a large portion of the inventory listed for sale are Bank Owned, or Short-Sales that may not even result in a close, Buyers have few choices. Seller's should be taking advantage of the low inventory and high demand for the expanded price points while Uncle Sam is pointing his finger at YOU!

The Tax Credit details are as follows: http://www.irs.gov/newsroom/article/0,,id=204671,00.html

• First Time Home Buyers (not owned a home in the past three years) get up to $8000 tax CREDIT, or 10% of home price.
• Move-up Buyers (owned a home in 5 of the past 8 years) get up to $6500, or 10% of home price
• Qualifying maximum incomes for both CREDITS are Adjusted Gross Income of $125,000 Single and AGI $225,000 Married
• The home must be in contract by April 30, 2010 and close by June 30, 2010.
• Credits-NOT deductions. If Buyer owes IRS $1000 they get a check back for up to $7000

Sellers and Buyers of ALL shapes and sizes Uncle Sam wants YOU. Share the word.

Successful Orange Short Sale!!

The sellers owned the home for approx 12 years and did refinance.

The seller came to me 7 days prior to their trust deed sale date. (Auction date)

They had one mortgage at 748k

The value of the home was 425k

The bank accepted 360k cash offer

We closed escrow on the Orange short sale 7 days from the date I listed the property.

This short sale was completed in 7 days. This is an unusual circumstance.

The lender paid all the closing costs and the sellers received a full settlement.

Thinking of short selling your home list with an expert.

www.orangecountyshortsalerealtor.com for more info.

Your Orange County Short Sale Realtor

#01451803

Just Sold by us for
$778,000


Beautiful Serrano Heights View Home!



4 Bed
4 Bath
Nearly 3000 Sqft

180 degree view lot

Built in 2002

Not a short sale or reo.




2651 N. Promontory Way
Orange, CA


Learn more about real estate in the city of Orange with our home buying guide and then find the right home at our city of Orange homes for sale page

October 2009 Sales in Orange

$500,000-$1,000,000

For just the month of October in the city of Orange (92867,92869),in the price range $500,000-$1,000,000 The active inventory is 73 properties, with the average price at $705,984. Average List Price /$ per sq. ft.: ($705,984 /2524 sq. ft.) or $279.71 per sq. ft

Between the price range of $500,000-$1,000,000 there are 41 properties that went under contract.

There are 21 properties in "Back Up"-

Average List Price /$ per sq. ft.: ($662,122/ 2541 sq. ft) $260.58 per sq. ft.

There are 20 properties in "Pending Sales" (Contingencies Removed)

Average List Price /$ per sq. ft.: ($693,340 /2624sq/ ft), $264.23 per sq. ft.

Sold and Closed

There are 8 properties that have sold and closed for October

Average List Price /$ per sq. ft.: ($734,812 /2859 sq/ ft), $257.02 per sq. ft.

The sales prices and $ per sq. foot for both the Back-ups and Pending sales will be less than above once these properties actually close escrow and we see what they sold for.

$1,000,000 +

Above $1,000,000-one million dollars there are 44 Active Listings.

Average List Price /$ per sq. ft.: ($1,786,272 /4454 sq/ ft), $401.05 per sq. ft.

Above $1,000,000-one million dollars-just one property is under contract as "Pending"

Average List Price /$ per sq. ft.: ($1,550,000 /4900 sq/ ft), $316.33 per sq. ft.

This would mean at one sale per month over 1,000,000 it would take 44 months to sell off all of the active listing inventory.

RE/MAX Homes & Estates

Pre-Foreclosure Division

(714) 588 -7676 ∙ www.orangecountyshortsalerealtor.com

If you are in a situation where:

• You lost your job

• Your Medical Expenses are too high

• Just went through/going through a divorce

• You are behind on your payments

• You have no equity

• You can't afford the cost of selling your home

• Your income has been reduced

• You are in foreclosure

WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!!

WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.

Benefits of a Short Sale:

• Avoid Foreclosure

• Avoid Bankruptcy

• Reduced damage to your credit

• Postpone your foreclosure sale date

• A short sale will stay on your credit approx 3 years

• BE FREE of financial and emotional burdens!

We are licensed Realtors that specializes in avoiding foreclosure. We will NOT buy your home, but will assist you in selling your home quickly. The lender will cover all closing costs including Realtor commissions. We can make selling your home MUCH EASIER FOR YOU and lift much of the financial burden off your shoulders-- OUR SERVICES DOES NOT COST YOU ANY MONEY!!!

You can sell your property and lift the financial weight off yourself with the help of a experienced short sale Realtor. Re/Max Homes and Estates short sale division has closed over 120 short sales nationwide within the last year. We have a 95% success rate. Do not trust just anyone to handle your short sale. List your home with an experienced Orange County short sale Realtor.

Regardless of your current situation I am here to assist you, so call me today to help you find a solution! You have options which can enable you avoid foreclosure proceedings and escape the 10 year scar it will leave on your credit, therefore, your future. Stop the inevitable and don't face Foreclosure IF YOU DO NOT HAVE TO! Best of all with a short sale my commission will be paid by the bank, so you won't have any out-of-pocket expense!

www.orangecountyshortsalerealtor.com for more info or give me a call at (714) 588-7676

#01451803