At the end of 2009, 48.3 percent of the homes were remaining on the market for less than 30 days, and about 20 percent more were on the market for from 30 to 60 days. For both detached and attached (residential) properties. So in today's real estate market in California only about one third of the homes for sale are on the market for more than 90 days. In many areas it is not uncommon in San Diego County for well priced and well maintained homes to be off the market in less than a week, often in 3 to 5 days.
It has become important for home buyers to be ready to move quickly when they find the right property. Being pre-qualified by a lender, and then getting a pre-Approval from a lender so a buyer knows what price home to shop for and is ready to make an offer on a home is an important step. Knowing the home purchase process and what is in a California purchase agreement are important pre-purchase steps. Interviewing a realtor to get familiar with any of these procedures and find a realtor that you have confidence in may be a good first step.
When home buyers have determined what they are looking for, in what area, and with what features they need to be notified as soon as a new home that meets their criteria comes onto the market. Your realtor can be sure you are notified by email of phone as soon as a "Good One" comes onto the market. The "Good ones" go very quickly in this time of lowered prices and low interest rates, and the others are what are left over. None of us want the "Left Over's"!
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