Irvine Real Estate And Life Styles

The Real Estate Market is improving. We are actually seeing multiple offers and homes selling over the listed price. But, these are short sales and foreclosures. The short sale listings are going into the Multiple Listing Service approximately 10% below the last sales and the buyers who have been waiting for good deals are making offers.

This is good and bad news. It is good to have active sales but difficult on the sellers who need to sell but are not pushed to the wall. They cannot compete with the short sale prices. There are negatives to short sales and I will be explaing more about short sales in subsequent posts.

In the meantime, if you are ready to buy and want the best buys available then short sales are for you.