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Cash home sales in California set record | A reason to buy CA HUD Homes in Orange County

Cash home sales in California set a record high! Another great reason to buy HUD Homes for Sale in Orange County.

In the article below Housingwire explains that cash home sales in California hit a record high due to investor activity. HUD Homes are marketed to owner occupied buyers. All insurable ( qualify for FHA financing) HUD homes are sold only to Owner Occupant buyers for the first 30 days they are listed. This gives owner occupant buyers a great chance to buy HUD home without investor competition. This will ultimately lead to more favorable pricing on HUD home purchases rather than regular market or REO/ bank owned purchases.

Owner occupant buyers can greatly benefit by looking at HUD owned homes in Orange County, CA. Jesse Madison is a Local Listing Broker for PEMCO, LTD. An Asset manager for HUD in Orange County, CA

 

From Housingwire.com

California home sales reach record high

2/6/13 4:18pm
HUD Homes for Sale in Orange County

The number of homes in California purchased with cash hit a record high last year, undoubtedly a result of high investor interest, a difficult mortgage environment and perceived higher returns on investment, according to real estate data firm DataQuick.

The total number of properties paid for with cash reached 145,797 in 2012, up from the previous record high of 125,812 in 2011.

The significance of these numbers is evident when looking back at 2007, when there were only 39,731 cash sales, according to San Diego-based DataQuick.

“It’s clear that a lot of today’s housing market recovery is being fueled by people putting their own money into homes. Some cash buying is part of a normal housing market, but we’re at twice that normal rate,” said John Walsh, DataQuick president.

Walsh says there are a number of different demographics that are buying with cash. There are the standard wealthy homebuyers, buyers from abroad, retirees and empty nesters.

Of California’s overall home sales last year, a record 32.4% were cash purchases. This more than doubles the annual average of 15.6% from 1991 to 2012.

“Today, a lot of buyers are chasing what they view as the deal of a lifetime,” said Walsh.

To see a breakdown of cash purchases throughout California, click here.

Back on Market! Santa Ana Condo $150,000 2 Bed 1.5 Bath HUD Owned!

King04

1602 N King St  B7

Santa Ana, CA

Asking $150,000

 

Excellent opportunity to make this quaint 2 Bed 1.5 Bath Santa Ana condo into your new home. This home is located just steps from the association pool and close to the laundry facilities. It offers both a carport and second parking space. Tile flooring downstairs and new flooring required in stairway. Living room entry leads to cozy dining area and kitchen area. Sliding glass door opens to a patio area complete with storage shed in the back. Great for first time buyers looking for that perfect opportunity. FHA financing is available. HUD Owned Santa Ana Condo.!

2BR/1+1BA Condo offered at $150,000
Year Built 1965
Sq Footage 930
Bedrooms 2
Bathrooms 1 full, 1 partial
Floors 2
Parking 1 Covered spaces
Lot Size Unspecified
HOA/Maint $192 per month

 

Back on Market! Owner Occupants only $150,000 2 Bed 1.5 Bath condo

1602 N King St  B7

Asking $150,000

Excellent opportunity to make this quaint 2 Bed 1.5 Bath condo into your new home. This home is located just steps from the association pool and close to the laundry facilities. It offers both a carport and second parking space. Tile flooring downstairs and new flooring required in stairway. Living room entry leads to cozy dining area and kitchen area. Sliding glass door opens to a patio area complete with storage shed in the back. Great for first time buyers looking for that perfect opportunity. FHA financing is available. HUD Owned!

2BR/1+1BA Condo offered at $150,000
Year Built 1965
Sq Footage 930
Bedrooms 2
Bathrooms 1 full, 1 partial
Floors 2
Parking 1 Covered spaces
Lot Size Unspecified
HOA/Maint $192 per month

 

Just Listed $300,000 in South Orange County! HUD Owned 2 Bed 2 Bath .

 
048-460306 Front_18601200
18953 Woodland Way,
Trabuco Canyon, CA 92679

HUD Owned 2 Bed 2 Bath Home in Portola Hills! FHA Approved.

048-460306 Kitchen_18601256048-460306 Living room 4_18601269

Wonderful opportunity for a HUD home in Portola Hills. This single level home is approved for FHA financing.

2BR/2BA Single Family House offered at $300,000
Year Built 1987
Sq Footage 1,149
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 3,850 sqft
HOA/Maint $138 per month
Jesse Madison
Madison Realty
License #01366391
(949) 306-8416

HUD Owned Home in Santa Ana! $150,000 2 Bed 1.5 Bath condo. FHA approved!

1602 N King St  B7

Asking $150,000

 

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Excellent opportunity to make this quaint 2 Bed 1.5 Bath condo into your new home. This home is located just steps from the association pool and close to the laundry facilities. It offers both a carport and second parking space. Tile flooring downstairs and new flooring required in stairway. Living room entry leads to cozy dining area and kitchen area. Sliding glass door opens to a patio area complete with storage shed in the back. Great for first time buyers looking for that perfect opportunity. FHA financing is available. HUD Owned!

 

Just Listed! Detached HUD owned in Aliso Viejo at $335,000 3 Bed 2.5 Bath!

Buy this home for just 3.5% down! FHA Approved!

11 Gretchen Ct

ALISO VIEJO, CA

Wonderful detached condo in the Hamptons Community eligle for FHA financing

Wonderful detached condo in the Hamptons Community in Aliso Viejo features laminate bamboo style flooring in Living and dining areas and Ceramic Tile in Kitchen. Cozy Fireplace and vaulted ceilings give this home much appeal. Master suite features mirrored wardrobe closets and Travertine flooring in the master bath compliment the large tub and dual sinks. The back patio has warm terracota colored tile flooring with brick accents. Excellent cul-de-sac location provides extra privacy for this HUD owned home eligle for FHA financing. Must see!

3BR/2+1BA Condo offered at $335,000
Year Built 1996
Sq Footage 1,367
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $142 per month