2010

I didn't realize how long it had been since I have last updated my blog. My apologies. It has been a really busy couple of months. I went back to Minnesota for Christmas, turned 40 in January, and watched the Vikings lose in the playoffs. I don't blame Favre for the loss...he gave us an incredible season to watch.

It is time to focus on the real estate market. I have been showing homes lately and have noticed that homes that are well priced.....sell really quickly. In Newport Coast there are quite a few homes in escrow. My point to this is....if you are looking for a really good deal......so are others. Make sure to make your offer more attractive....with more cash down if possible, shorter escrow and you need to be near asking price. Also, make sure you are qualified with a bank ahead of time. The selling agent will be asking for proof of funds and financing with the offer. To be honest, to get a good deal.....you need to act very quickly and be qualified. I want to also mention the best time to buy a home and get a deal will be between now and May. Once school is out for summer, we are going to see many families moving around. Prices may go up a bit. If you are in the market to buy.....do it soon. If you are in the market to sell......put your house on the market just before school is out. The trick to selling is going to be the right price. Don't overprice or you may lose your window of opportunity to sell. If you are not in escrow by early August.......drop your price.

To summarize. I think there are good deals out there.....maybe not great deals. I don't see prices going down significantly in the Newport Beach area. We may go down a little....but will go up a little as we get closer to summer.

If you want recent sales for your area.....send me an email and I will send you out a list.

www.PropertiesInTheOC.com