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Garry McDonald

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Property Investments: Venture with Care

Friday, 13 November 2009 00:00

Real Estate Investments: Significant Transactions

Real estate investments are investments of a different order altogether. By the very nature of the land and property involved, housing investments entail substantial amounts of money. For one thing, not everyone can afford to buy land and property. There’s a large fraction of the population that remains content with living in rented accommodation. Moreover, people don’t buy a house every other weekend. For many people, buying a home is essentially a once-in-a-lifetime transaction.

Genuine Home buyers and Professional Flippers

Why do people buy land or property? The buyers may be broadly categorized into the following two categories. The first are those who seek to live or otherwise make use of the bought real estate. Next are those who have invested money with the intention of flipping the property later to enjoy substantial profits. The number of speculators and flippers engaging in property transactions is large. Recent figures show that they currently represent 39% of all Real Estate buyers. The millions of government foreclosures in recent years have spawned a rising trend of investors and flippers who buy properties at low prices, hold on to them for a period of time, and sell at higher prices, raking in large profits.

The real estate market in the US is presently going through a volatile phase. Property prices are at historically low levels with regard to affordability, and so are the mortgage interest rates. The recessionary traits in the economy have severely curtailed the spending power of consumers. The foreclosures have enabled numerous aspiring home buyers the opportunity to buy very nice homes at deeply discounted rates. However, the housing market remains uncertain and turbulent. One would be advised to undertake property investments only after thoroughly weighing all the pros and cons associated with the transaction. The aim should be to secure one’s interests, and maximize one’s profits, and not burn one’s financial fingers over such huge transactions in unpredictable times.

Foreclosure Activity in Orange County

Wednesday, 11 November 2009 00:00

There are presently over 25,000 foreclosed properties in Orange County, CA, inviting buyers to bid for them at the scheduled foreclosure auctions. The average listed price of the foreclosed homes is over $380,000. During September, 2009, one in every 21,943 housing units in Orange County was at the unfortunate receiving end of a foreclosure filing.

There’s obviously no dearth of buying or investment opportunities for anyone interested in foreclosed homes in the US. The state of California alone has accounted for nearly a third of all the foreclosures that have taken place in the whole of the nation in recent years. Orange County has umpteen foreclosed properties of every conceivable variety to meet the various homebuyers’ diverse needs.

Now, if you’re wondering which region in Orange County has witnessed the most foreclosure activity, it is Santa Ana, with 653 foreclosure filings. Anaheim comes second, with 550 foreclosures. The other cities or regions making up the Top 10 Foreclosure Regions in Orange County are as follows: Garden Grove {281}, Irvine {255}, Fullerton {232}, Huntington Beach {218}, Orange {215}, Mission Viejo {190}, Laguna Niguel {155}, and Lake Forest {153}.

Prospective buyers may find the above information useful. If you are keen to buy a foreclosed property, it is obvious that the town with relatively greater foreclosure filings would prove a better option for you to invest your money in. This would be for the twin reasons of there being a wider range of property options, as well as the higher supply of real estate options serving to lower the listed price of the seized houses.

As with any other investment, it makes eminent sense to conduct adequate market survey before you decide to part with your precious money. The real estate market has long been known to render people millionaires – or paupers – virtually overnight!

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