Mastering the Orange County Real Estate Market: 13 Innovative Tactics for Home Buyers

Lisa Mailhot  |  February 1, 2024

Buyers

Mastering the Orange County Real Estate Market: 13 Innovative Tactics for Home Buyers

 

Are you currently searching for a new home in Orange County, but finding it difficult to land an escrow? You're not alone. The housing market has taken a unique turn in recent years, requiring realtors and buyers to step up and get creative to find the right properties. In this blog post, we'll explore 13 effective ways to locate a home for your buyers in this tight market.

  1. Set Up Autofeeds: In the age of online real estate portals, it's essential not to rely solely on buyers to find homes. Set up autofeeds directly with the MLS or your favorite app, ensuring instant notifications when a suitable property hits the market.
  2. New Listings: Keep an eye on new listings, but be prepared for fierce competition. These properties attract multiple offers due to their freshness.
  3. BOMKs (Back on the Market): Homes that have fallen out of escrow can be golden opportunities. Act quickly to secure them before others do.
  4. Expired Listings: Reach out to sellers of recently expired listings with specific information about your buyer to demonstrate your genuine interest.
  5. On the Market Over 60 Days: Homes on the market for an extended period may be ripe for negotiation. Set up autofeeds to identify them.
  6. FSBOs (For Sale By Owner): Explore the FSBO market and inform your buyers of these potential opportunities.
  7. Out-of-Area Owners: Identify out-of-area property owners who might be willing to sell, and systematically reach out to them.
  8. Canvas Neighborhoods: Traditional door-knocking and targeted mailers can help you connect with homeowners who may want to sell.
  9. Search Public Records: Explore public records for notices of default, divorces, and other opportunities.
  10. Look for Vacant Homes: Drive through neighborhoods to spot vacant properties, and reach out to the owners.
  11. New Construction: Don't overlook new homes, as they can provide a competition-free opportunity for buyers.
  12. Build Relationships with Attorneys: Develop relationships with attorneys handling probate, trusts, and divorces to access a consistent stream of leads.
  13. Utilize Your Sphere of Influence (SOI): Leverage your network by reaching out to your sphere to identify off-market properties.

While these strategies aren't exhaustive, they should ignite your creativity and help you tackle the challenges of the Orange County housing market. Remember, once you find the right home, make a strong offer, and don't let your clients miss out on the opportunity you've worked hard to uncover.

Bottomline

If you're in the market to buy a home in Orange County, these creative strategies can help you secure your dream property even in a competitive market. Don't miss out on the chance to find your ideal home.

If you're ready to move forward, let's connect.

 

 

Reference: 13 ways to find a home for your buyers in this tight market" by Carl Medford, published on Inman on January 31, 2024. 


RECENT BLOG POSTS

Housing Market ‘Shrinkflation’: Smaller Homes, Same Price—What’s Going On?

Shrinkflation has made its way into the housing market, with homes getting smaller while prices remain steady. Learn how this trend impacts homebuyers, affordability, … Read more

The Illusion of Climate-Safe Havens: Lessons from Asheville's Catastrophe

Explore how Hurricane Helene's devastation in Asheville, NC, challenges the notion of climate-safe real estate havens. Learn why buyers and sellers must reassess their… Read more

Who Wins with the Repeal of the SALT Cap? It’s Not Who You Think

Repealing the SALT cap would provide significant tax cuts for high-income households, while low- and middle-income families would see little to no benefit. Learn about… Read more

The Battle for Preservation: A Community’s Stand Against Riverside Development

Rancho Cordova residents rally against a housing development project along the American River. The fight highlights the importance of protecting sacred lands, wildlife… Read more

Buyer-Broker Commissions Steady Despite Industry Changes: What It Means for You

A new survey shows buyer-broker commissions remain steady even after recent rule changes. Learn how this impacts sellers, buyers, and agents in today's real estate mar… Read more

16 Seller Incentives to Move Your Home This Fall

Discover 16 powerful incentives that can help you sell your home faster this fall. From covering inspections to offering rate buydowns, these strategies could be the k… Read more

Laguna Niguel's Ziggurat: A Landmark Auction Heating Up Orange County Real Estate

Discover the intense bidding war for Laguna Niguel's iconic Ziggurat building. Learn how this auction reshapes Orange County's real estate landscape and what it means … Read more

12 Key Steps to Confident and Effective Buyer Consultations

Learn the 12 essential steps for conducting effective buyer consultations that build trust and clarity. Discover how to set expectations, showcase your value, and guid… Read more

Navigating the Housing Market: The Fed Rate Cut and Your Home Buying Journey

Explore how the Federal Reserve's recent rate cut impacts the housing market and mortgage rates. Learn about current affordability challenges, strategies for homebuyer… Read more

We are excited to assist you in finding your perfect home

Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most