| Orange County CA. is one of the most | | | | price differentials of each Condo. Plus it's |
| desirable counties in the country to call | | | | an opportunity for your real estate |
| home. With the wonderful year round moderate | | | | professional to find out exactly what you do |
| weather, beautiful coastline and beaches, | | | | and don't like in a Condo. If after a month |
| high paying local job market, and numerous | | | | or two, you haven't found that Condo that |
| local recreational choices, Orange County | | | | inspires you to take action, it may be time |
| real estate has been in high demand for many | | | | to re-evaluate your search parameters and |
| years. Due to this strong demand and limited | | | | make some adjustments such as: Number of |
| supply of land, the cost of lots to build on | | | | bedrooms, 1 or 2 or No garage, add some other |
| has reached extremely high prices. With the | | | | cities, change the year built, condition, or |
| Median asking price of a detached home in | | | | possibly increase the price a little bit with |
| Orange County now standing at about $804,000, | | | | a different loan option from your lender. |
| buying a more affordable Orange County | | | | |
| Condominium is a great alternative to a more | | | | Step 3 - The purchase offer stage. Here is |
| expensive detached home. The process of | | | | where an experienced Realtor really comes |
| buying a Condo can be broken down into four | | | | into play, for a good Buyer's Agent may save |
| basic and very important steps. | | | | you several thousands of dollars. Make sure |
| | | | you review with your Realtor the comparable |
| Step 1 - Get pre-qualified for a loan. This | | | | sales and homes currently for sale in nearby |
| process is often overlooked but very | | | | Orange County communities to evaluate if the |
| important. The pre-qual letter accomplishes | | | | seller is asking a fair price. If it seems |
| three things. One, it tells you how much the | | | | that they are asking a premium, where non is |
| mortgage bank will loan to you, which added | | | | justified, don't be afraid to make a lower |
| to your down payment, will determine the | | | | offer. All the seller can do is say no, but |
| maximum price you can pay for a Orange County | | | | most likely you'll get a counter offer. On |
| Condo. Two, the pre-qual will also give you a | | | | the other hand, if the asking price seems low |
| very accurate estimate of your monthly | | | | compared to comparable properties, then don't |
| payments, so you can determine that is | | | | look a gift horse in the mouth and have your |
| something you are reasonably comfortable | | | | Agent immediately write up a full price |
| with. Finally, the pre-qual letter will bring | | | | offer. Step 4 - The Condo investigation |
| legitimacy to your purchase offer when | | | | process. A good Buyer's Agent is also |
| presented to the seller of the Condo. | | | | valuable at this stage. Here, you will be |
| | | | reviewing many documents from the seller |
| Step 2 - Before the Condo hunting process | | | | which discloses details of the property to |
| begins. It's always a good idea to obtain the | | | | you, which you'll review with your agent. An |
| services of an experienced and professional | | | | appraisal will also be conducted so as to |
| local Realtor to work with at this stage. | | | | insure that a neutral third party |
| Ideally, the real estate agent will make use | | | | professional agrees with the contract price. |
| of modern day technologies. You'll also want | | | | Another important item, is hiring a |
| to work with an agent that works a lot with | | | | professional and local Orange County home |
| Buyers, versus the local neighborhood Listing | | | | inspector who'll investigate the current |
| Agent specialist. Once you have found this | | | | condition of the Condo and deliver to you a |
| Buyer's Agent, have them set you up on an | | | | written report for your approval. Last but |
| email Alert service which will send you an | | | | not least, is you be given numerous documents |
| email when a new listing comes on the market. | | | | that pertain to the Condo home owners |
| Although it sometimes happens, don't expect | | | | association. Here you want to review with |
| to find the perfect Orange County Condo on | | | | your agent to see if there are any pending or |
| the first outing. The first 5 to 10 Condos | | | | current lawsuits, the funding of the |
| you'll preview are an education process for | | | | association, inspect the 12 months of the |
| you to familiarize yourself with the pluses | | | | board of directors meetings notes, and other |
| and minuses, features and locations, and | | | | such details. |