The Orange County Real Estate market is hot right now and in many cases it’s hotter than other parts of the country since we’re experiencing a rapid increase in home values while at the same time a general lack of inventory.
What does this mean for the Seller who is planning on selling a home in Irvine California? Two words: multiple offers; you as a seller must be prepared to receive multiple offers for your homes and also be prepared to choose the right offer by following these tips.
The first question that you must be prepared to answer before selling your Orange County home is to ask yourself “what is my goal for this sale?” do you want a quick sale or are you willing to wait it out until you get over and above your asking price for your home?
Another important aspect of the seller understanding their goals is for them to define how much they are wiling to settle for, within a $10,000 to $20,000 range, once they start to receive offers because, even though many homeowners are receiving multiple offers in this Real Estate market, it’s not always guaranteed that every seller will experience that.
Before offers start coming in, a seller and their Listing Agent should verify what type of financing is allowed in their community because, if financing like FHA, VA or HUD financing isn’t allowed, the seller could find themselves having to turn away potentially great offers.
Examine All Offers
Once the home has been listed, and offers start coming in, the seller and their listing agent must examine every offer that they’ve received and ask questions like: has the buyer been pre-qualified for a mortgage loan or how high is the buyer willing to raise their offer, within a $10,000 to $20,000 range, in order to write the winning offer on the home?
To learn more about how to deal with multiple offers in today’s Real Estate market or to view the latest Orange County Homes For Sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.