The Orange County real estate market was hit hard by the housing bubble of March 2008. However, savvy investors see buying opportunities currently available in the market. Homes and property are priced at levels that allow investors to buy real estate for pennies on the dollar using the right real estate experts. Land remains a prime investment within Orange County and the surrounding areas of Southern California. That is why new investors must use experienced, tried and true real estate experts who understand the market values in Orange County.
From Laguna Beach to Newport Beach, Orange County Foreclosures are at all-time highs. This does not bode well for the California real estate market in general. Home prices are plummeting to record lows. However, Orange County remains one of the most popular destinations for people who are looking to purchase real estate. Land values alone are enough to continuously drive potential buyers into the market in search of the perfect location. Purchasing real estate in Southern California is a difficult task, which is why buyers must use the experience and expertise of agents who know the market.
It is important to use specialists that help cover every facet of the Southern California real estate market. Due to the amount of homes and properties under foreclosure in Orange County, investors and buyers immediately recognize the value of every dollar spent on land or home purchases in the area.
The popularity of Orange County as a final destination only gives credence to the fact that property values in the county will improve. Land remains at a premium in Orange County, and the value of land within the county will ultimately recover from the current real estate crisis. Using an expert team is the only way to maximize a real estate purchase in Orange County, especially if the investor or buyer is not fully aware of market values in the area.
History has shown that struggling housing markets recover. Foreclosures are at record highs, especially in Orange County. However, savvy investors who use aggressive agents familiar with the area will find that every dollar they spend on real estate within the county will produce healthy returns.
Whether it is purchasing a first-home or buying that weekend getaway in the county of Orange, using the best agents in the business assures clients they will find the exact deal they are looking for. Make no mistake about it; there is not a shortage of things to do in Orange County, California.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.