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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.

Just Reduced over 30k! Listed at $274,900. 2 Bed 2 Bath Condo in San Juan!

Reduced over $30,000!

Just Listed! HUD Owned!

27111 Calle Caballero Apt C

SAN JUAN CAPISTRANO, CA

Attached SFR with 2 car Garage. 55+ Community

Terrific location and nicely upgraded property in San Juan Hills West. Nestled up next to San Juan Hills Golf Course in this 55+ Senior community. Property features porcelain tile flooring throughout. Cozy fireplace in living room, 2 seperate patios with sliding door access to each. Ceiling fans, light and bright with lots of windows. The bathrooms and Kitchen have been upgraded with Granite Counters. The cabinetry in the kitchen has also been upgraded. The Master Bedroom suite shower has also been modified and enlarged to provide easy entry and an upgraded look. The home has been modified in that the second bedroom wall has partially been removed to allow open access from the Living room. This can easily be modified to convert back to a 2 bedroom if needed. The location is close to the community pool and the detached 2 car garage is spacious and just a few steps away. Main level entry makes access to this home very easy and convenient for seniors.

2BR/2BA Single Family House offered at $305,000
Year Built 1964
Sq Footage 1,303
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors Unspecified
Parking 2 Car garage
Lot Size 1,324 sqft
HOA/Maint $245 per month

Just Listed! $305,000 2 Bedroom San Juan Capistrano Home in 55+ Senior community of San Juan Hills West

Just Listed! HUD Owned!

27111 Calle Caballero Apt C

SAN JUAN CAPISTRANO, CA

Attached SFR with 2 car Garage. 55+ Community

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Terrific location and nicely upgraded property in San Juan Hills West. Nestled up next to San Juan Hills Golf Course in this 55+ Senior community. Property features porcelain tile

flooring throughout. Cozy fireplace in living room, 2 seperate patios with sliding door access to each. Ceiling fans, light and bright with lots of windows. The bathrooms and Kitchen

have been upgraded with Granite Counters. The cabinetry in the kitchen has also been upgraded. The Master Bedroom suite shower has also been modified and enlarged to provide

easy entry and an upgraded look. The home has been modified in that the second bedroom wall has partially been removed to allow open access from the Living room. This can easily

be modified to convert back to a 2 bedroom if needed. The location is close to the community pool and the detached 2 car garage is spacious and just a few steps away. Main level entry

makes access to this home very easy and convenient for seniors.

2BR/2BA Single Family House offered at $305,000
Year Built 1964
Sq Footage 1,303
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors Unspecified
Parking 2 Car garage
Lot Size 1,324 sqft
HOA/Maint $245 per month

Just Listed! Irvine 3 Bed 2.5 Bath Condo in Woodbridge! HUD Owned! See Video!

19 Goldenrod # 84, IRVINE, CA

3 bed 2.5 Bath Condo in Woodbridge with 2 Car Garage

Terrific HUD owned 2 level condo in Stonegate community of Woodbridge. Enjoy this beautiful community with large parks, pool and tot lots within walking distance of your home. All
bedrooms upstairs. Clean home with laminate wood flooring and carpet. Kitchen features a breakfast bar and nice comfortably sized kitchen eating area. 2 car rear entry garage with
spacious enclosed patio area. Fireplace in living room. Upstairs laundry. Excellent school district and close to freeways and shopping. HUD owned home is eligible for FHA financing.
Hurry! Must see! Call Jesse at 949-306-8416

3BR/2+1BA Condo offered at $395,000
Year Built 1985
Sq Footage 1,384
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $297 per month

Just Listed! Laguna Niguel 3 Bed 2.5 Bath $265,000- HUD Owned. FHA Approved 3.5% down!

23716 Marlin Cove, Laguna Niguel, CA 92677

HUD Owned Home is FHA approved. Buy with just 3.5% down!

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Great Location in the heart of Laguna Niguel. Enjoy this 3 Bedroom condo with 1 car garage. Spacious front courtyard and back patio. Enjoy the newer vinyl windows and slider.

Breakfast bar with inside laundry. Fireplace in living room, All bedrooms upstairs. Master Suite with Vanity area. In addition to garage the property has an additional parking space.

Flooring needed downstairs and some repairs will be required to bring this home to FHA standards but home will go FHA with Repair escrow. 1 car garage + parking space!

3BR/2+1BA Condo offered at $265,000
Year Built 1974
Sq Footage 1,353
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 1 Car garage
Lot Size Unspecified
HOA/Maint $400 per month

Just Listed $206,000 Aliso Viejo 3 Bedroom 1200 Sq Ft! HUD Owned, FHA ok!

HUD owned . FHA Approved 3 Bedroom home.

131 Dogwood Ln, Aliso Viejo, CA

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Great end unit location 3 Bedroom condo in Morningside Terrace. The back patio has custom tile flooring and a large sliding glass door that opens to the back patio. Front patio is nicely landscaped giving a park like feel to the entryway. Laundry area inside. All appliances in place. Spacious living room adjacent to the dining area, no flooring currently in stairs and upper
level. Home will go FHA with a repair escrow of approx $2200. The home has central air and heating. Commmunity pool just a short walk away. Located close to shopping centers, schools and just a few short miles from the freeway and toll road. Terrific Capistrano Valley School district. This home is HUD owned and sold as-is. Aliso Viejo location is near Alicia/ Pacific Park Dr cross streets.

3BR/1+1BA Condo
offered at $206,000
Year Built 1985
Sq Footage 1,200
Bedrooms 3
Bathrooms 1 full, 1 partial
Floors 2
Parking 1 Covered spaces
Lot Size Unspecified
HOA/Maint $300 per month