Hyperactive Buyer Activity Sparks the Market

Active listing inventory is down by half or more in Orange County. Sellers are enjoying equity returns that have been absent for almost a decade. In addition we are seeing an increase of all- cash buyers as well as multiple offers on most every listing on the market.

In fact, multiple offers are the new normal in this market which is best described as HYPERACTIVE with buyer activity. The market has swung from one extreme to the other with no hesitation in the middle. We have moved from having high inventory with few buyers to having an abundance of buyers and no inventory.  Currently the Stovall Team is working with 5 + qualified buyers looking to live in Huntington Beach, Fountain Valley and surrounding cities. We have also recently sold seven of our listed properties for TOP of THE MARKET PRICES and even OVER APPRAISED PRICE in a couple of instances.

The demand is outpacing current supply of housing on the market. This combination has led to rising prices— continuous uptick in the market and a drop in short sales as homeowners regain positive equity. When priced right and prepared for the market we are selling our listings at list price or above appraised value with strong offers. Smart buyers come prepared to show evidence of good credit, strong qualification and proof of funds needed to buy now. Many have been searching for months only to be out bid or out smarted by better prepared buyers/agents.

One of our biggest obstacles is that sellers are afraid they won’t be able to find their next home with so few homes on the market. Stovall Team will help remedy this concern by ensuring the terms of the sale Escrow meet your housing needs as a seller in our current tight housing market. We will ensure your sale is Contingent on your purchase.

On the buyer’s side, the market is tight. Working with experienced, savvy Real Estate Agents like the Stovall Team is of utmost importance. Buyers trying to get FHA or VA offers accepted are feeling the pressure as their offers aren’t seen as strong as the competing all-cash offers. We have been successful in placing government loan buyers in escrow and to a successfully closing. We work with experienced lenders in structuring and presenting offers that get accepted. The Stovall Team has an excellent reputation for getting our Escrows Closed.

Working with the Stovall Team ensures clear communication. As full-time agents that always answer our phones, you will be kept abreast of local market insight, daily (often hourly) listing updates, and service and professionalism that only 50+ years of combined Real Estate sales experience can offer.  The Stovall Team is experienced and stands ready to meet the challenges we face in this rapidly evolving market. Call the Stovall Team when you have questions about getting your home ready to sell. We are here to assist you whether you plan to put your home on the market within a week or a couple years from now. Contact us today!

We can design a plan to help you net more money for your home than our competition. Call Steve at 714.393.5377 or Micah at 714.343.929