Are you shopping for a new home in Orange County? If so, you’re looking at a busy market that has lower inventory than many other places in the state, and even in the country.
How can you make the most of your time and money when looking at real estate in Orange County? These four handy tips will help you stay on top of the game.
1. Know What Shape Your Finances Are In
Before you start shopping in a highly-competitive real estate market like Orange County, you want to have all of your finances ready for mortgage approval and a quick closing. Speak to a lender to see what they expect a borrower to qualify with. A mortgage preapproval should be the first step if you need financing so that you know exactly how much home you can afford.
2. Find A Real Estate Agent Who Knows The Market
When inventory turns over quickly, you need a trusted support system by your side to make sure you get the home you want. Interview real estate agents to find one who knows the area inside and out so they can advise you on prices and comparable sales, and make sure they have the right connections to help the process move along smoothly.
3. See The Neighborhood
If you’re not familiar with the neighborhoods in Orange County that you are looking at, it’s time to hit the ground to get to know them better. Eat at local restaurants, check out local grocery stores, and walk around to see the feel of the neighborhood at different times of day and at different times during the week.
4. Stick To Your Budget
With Orange County’s real estate market you may find yourself in a position where your dream home requires an offer above asking price. Make sure your budget allows you to do this, as you don’t want to find out mid-way through the process that you can’t actually get the loan amount you were hoping to.