Are you considering investing in residential real estate in Orange County? Now is the time! Foreclosures and short sales in Orange County make up about 40% of the real estate market, with about 3,500 properties listed. But these deals don’t last long! Expect an OC foreclosure to be on the market about 1.5 months before being snatched up by a savvy investor. Short sales last a little longer, about 2.5 months.
Either way, the combination of these incredibly discounted home prices and record-low interest rates make it the ideal time to purchase one, two, three, or even several Orange County properties for investment purposes! While these home don’t stay on the market very long, the length of time between making the offer and closing escrow can often be quite a drawn out process, since you are dealing with banks.
It is important to choose a real estate agent who has substantial short sale or foreclosure experience. Cheryl Marquis has been selling and buying homes in Orange County for over 25 years and has worked out many a distressed home purchase for her clients. Not only does she have the knowledge required for an easy, smooth transaction, but she surrounds herself with a team of short sale and foreclosure specialists. Cheryl’s experienced team will deal with the banks and make sure that you don’t have to spend time worrying about the bank and related concerns, allowing you to focus on your other priorities.
Buy one of these great deals today — before they are all gone! Call Cheryl Marquis today for more information on distressed homes in Orange County.