Ladera Ranch, CA

Ladera Ranch, CA - If you are still thinking you'll wait for the market to come down some more before you buy a home, think again. I just placed a new listing on the market and got 10 calls on it the first day. Why? Because buyers feel the listings coming on the market are at prices they feel good about and are finally jumping on.

Short sale closes have completed the learning curve that both banks and agents went through, and so, buyers are more willing to bid on these.

If you are contemplating an Orange County short sale , it's very important to work with highly trained, professional representation. Call us for further questions on short sales.

And, if you've been sitting on the fence, this is the time to jump.

For more on who we are and on Short Sales, click on the word, "Rainmaker" to the right.

I received a call the other day from the owner of a Las Flores home. "How did I get myself into this mess?", she said, referring to the short sale deal that was being negotiated on her home. When I questioned who was negotiating the deal, she shared that her agent was working with a third party that was responsible for getting answers from the bank. "But there are no answers coming back.", she shouted.

Short sales in this new market can be extremely frustrating. Some methods are proven to get better results than others. We have found what works and are happy to share it with you.

Be sure to interview your agent carefully prior to signing any listing agreement. We offer a list of the top questions you should ask prior to choosing an agent to represent your short sale. Contact us at VIP@LippmanProperties.com for a copy, or call 949-355-9520.

According to a recent survey, the country saw a national decline in the percentage of U.S. homeowners with debt from mortgages that exceeds their home values in the thrid quarter. This is attributed to leveling of home prices and homes already lost in foreclosures.

Banks still have large inventory of foreclosed on homes that have yet to hit the maket. Watch for more Ladera Ranch homes, Rancho Santa Margarita homes and many homes in Irvine.

Many buyers have been waiting and concerned about the expiration of current higher loan limits that were scheduled to take place at the end of 2009. But last week, Congress passes a resolution that extends the higher limits on the FHA, Freddie Mac and Fannie Mae loans to continue through 2010.

There was an increase in activity levels in South Orange County this past weekend, especially in Ladera Ranch homes, and also in Rancho Santa Margarita, Dana Point, Mission Viejo and Laguna Niguel, as buyers are ready to move forward again.

Pending home sales are up this month again, making it the eight consecutive monthly gain which is the longest consecutive amount since the pending home index began in 2001. This information is comes from the National Association of REALTORS® pending home sales index and is based on contracts signed in September '09. Contracts signed for home purchase in September rose 6.1 percent to 110.1 from a 103.8 percent in August.

This marks the greatest annual increase and puts the index at the its peak level since December 2006. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8.

NAR estimates approximately 3 million renters are now financially well-qualified to buy a median-priced home.

If you are in need of representation to make a home purchase yourself, call or email us to service your needs. 949-355-9520.