REO Ghost Inventory

You heard about the ghost inventory that the banks are holding onto?
Well they are still phantoms! No glut of REO's for 2009, and we're still waiting in 2010.
There are still plenty of shortsales which are finally closing just a tad faster. So keep trying.

In Orange County, we are seeing more Standard Sales, non-distressed homeowners, coming
on the market. Slightly higher than the average sales price, but negotiable and quick response times! Most sellers coming to grips with today's prices and swallowing their pride and being more flexible. Thank you Sellers!

Buyers also have learned a hard lesson. Even though we are in a buyer's market, you cannot lowball offers. You must step up to the plate and at least be at market value, or you will find yourself outbid everytime. This may have cost you the $18,000 tax credit you could be receiving had you made realistic offers. Just keepin' it real!!