What's realty happening in the Aliso Viejo real estate market?

Aliso Viejo Real Estate Market

Ok, let's get serious. What is really happening in the Aliso Viejo real estate market? The newspapers and television tell us that we are still in a housing slump. They say that prices are still dropping and it's not the time to buy. But how dated is their data? The OC Register often reports information on the previous quarter sales that is 3 months old. What is really happening in the Aliso Viejo real estate market? Well.... I'll tell you. It seems our memories have failed us. The frenzied buying of homes in the $200,000 to $400,000 range is reminiscent of 2005. They are are flying off the market! Why? Are they under valued?

No... the answer is absolutely no! The truth is, the Aliso Viejo real estate market is heating up because Aliso Viejo is an amazing place to live with a limited amount of space. With incentives like the $8,000 first time home buyer tax credit, lower interest rates, and low down payment financing (FHA 3.5% down) young people are finally able to afford a home. This influx of buyers is causing big competition in the lower price range.

If you are in the market for a home in this price range, you had better be ready for a bidding war. I have a handful of clients looking for properties to no avail. We have put multiple offers on properties and are consistently out bid by "all cash"buyers. If you are looking for a home and you don't have all cash, you need to bid aggressively. Don't be fooled by the propaganda of our media telling us that the housing market is stagnant. Get a good Realtor and make sure you have a strategy. This is not a toaster you are buying... it's a home. This is the place you have to live for a very long time.

Don't have unrealistic expectations!

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