1. Some of the best mortgage interest rates in years (at under 4 percent for a 30-year fixed loan) are still available for Orange County home buyers who qualify.
Mortgage credit has become increasingly available over the past two years , and regulators are trying to ease credit for less than perfect borrowers.
2. Sellers who have their homes listed on the market this time of year have outlasted others and will be more motivated and willing to negotiate toward “fair market value”. Some sellers weren’t realistic on price and pulled their homes from the market during the past 30 days. Sellers listed this time of year will be more motivated and realistic.
3. Fewer buyers are on the market making offers this time of year – before start of new year. This will result in less competition for those buyers who are prepared and qualified.
By Harrison K. Long – Source of some information is CRMLS and ReportsOnHousing and is for listings and sales by all brokers and agents.
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