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Robert Foust |North Orange County | Fullerton Real Estate | Brea Real Estate

Buyers Alert -REO's going,going, gone -Fullerton Real Estate - Market Update

Sad but true, the REO Fullerton real estate market is rapidly shrinking. Fullerton now only offers 13 homes for sale that are REO type properties. That is an amazingly low number and is dropping daily. The foreclosure process has slowed way down (that was the government goal) and therefore the resulting bank owned real estate (REO) is starving off with each REO sale. Fullerton has only 262 total homes and condos for sale at this time. Of that, 194 are single family residences (SFR). This low inventory is very near the market low point for 3 years ago during the real estate boom. Is it any wonder that many buyers are now puzzled at the difficulty in finding and buying a home for sale in Fullerton.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.

View home in Orange, real estate with unbelievable view

Serrano Heights View Home For Sale --2651 N Promontory Way, Orange CA

Beautiful Serrano Heights View Home!

$795,000
4 Bed
4 Bath
Nearly 3000 Sqft





180 degree view lot



Built in 2002

Not a short sale or an REO


2651 N. Promontory Way Orange, CA More Photos, Information, and Showing Appointment Requests at our website:

Orange Real Estate - homes with views, some of the best in Orange County.

Technically challenged Agent tries to load youtube - wish me luck

This is an attempt to load a youtube into one of my blog -- just a trial, forgive me if I waste time and space.  If this works then I will be able to enhance my blogs with personal video (which I also have to learn to do) - Will the learning never stop??

Anyway - here is a unique idea - people keep amazing me with their inventions.

Foreclosure Lists - What many Buyers Want, but not what they need.

It happens almost every day - a "walk-in client" comes to our office seeking a list of foreclosure properties. Now that sounds reasonable - right? Not really on target though. What the client wants is up to date information about "deals" on real estate. North Orange County real estate is very similar to other areas in that "REO" or foreclosure homes are really "hot" now. Any list, if not prepared today, is most likely very out of date. These homes are selling in a matter of days and usually with multiple offers ("let the bidding begin". This is not the way to find a home.

The answer is to select and use a Realtor. Or more to the point, find a very reliable, hard working Realtor to hunt out the bargains (that's our job) and help get the buyer there first. The bargain may not even be a REO or a foreclosure, but a "short sale", or even an "equity sale". The key is to get professional help and get prepared with all of the documents to make a first rate, highly qualified offer. We are pros in home finding, use us that way -- lists will not get the job done.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.

Homes for sale - Orange County update

Latest numbers for homes for sale and what type of sales they are is very revealing. In Orange County we now have only 60% of the homes available as the same time last year. This is a very big drop in inventory, causing many to have to rush to get the home of their choice. Also the mix of types of sales is very changed. A year ago we had twice as many short sales available to review. And a year ago we had 3 times as many REO sales to consider. Reduced inventory and the consequent loss of choices is very apparent.

Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.