Newport Beach Short Sales See Surge In Activity

Newport Beach has long been a hotbed for real estate activity with some of the more beautiful homes in the area located there

. But recently, there has been an all new kind of surge in buying activity, and it has concentrated in one key area of the market place. That area is short sale activities. Short sales, as many people know and understand, are great opportunities for willing investors to make quick profits under the right conditions. While they do represent the unfortunate circumstance for a motivated seller, who is having to unload the home below market value in order to avoid foreclosure, they are excellent for the savvy investor. The recent surge in short sale buying activity within the Newport Beach area could be attributed to a number of key factors:

1. The fear of foreclosure

This is the first and foremost fear that most motivated sellers, who are looking at the short sale option, have. When a lender gets ready to foreclose on a home, a number of bad things can happen to a person's credit rating and their future ability to make large purchases on credit. While the short sale option does not protect the individual's credit altogether, it usually means a minor blip in the road compared to home foreclosure. This fear of failure creates a property that is priced well below its full potential, and as a result, those with the means to buy, can get in on a deal that has the potential of skyrocketing in a hurry. Of course, that doesn't happen all the time, but smart money men, who know how to play these transactions, almost always come out on the winning end.

2. Uncertainty of the economy

There are many people out there, who don't believe the signs that economic recovery is on the way. For many, the speed of the recovery has been far too slow, and it represents a calm before any future economic storms sure to come. While most analysts are in agreement that the best is yet to come for the real estate market, there are still a lot of scared and inexperienced sellers in the Newport Beach area, who are ready to be rid of the risk and the financial responsibility of owning their own home. All's the better for the individuals, who truly want to own their own home and are financially capable of pulling it off.

3. Home prices are on the rise

Still much of the short sale surge in Newport Beach can be attributed to the opposite of number two on this list. Many investors see that times are about to get better, and so they are making their last ditch attempts to buy up the short sales that are left.

by: Gen Wright

POST COMMENT

Need Of Reliable Dealer In Used Car Sales What Makes Ballet Bumps A Run-away Success In Sales As Well As Fashion World? Selling Hp Storage P4000 Solutions For Professionals In Sales Department Strategies To Combat Grey Market Sales The Hp2-b91 Exam For Sales Activity To Produce Money Demontrond Rv In Houston Is Preferred For Dependable Used Rv Sales The Value Of The Tivoli Enterprise Asset Management Sales Mastery Test V2 The Necessity Of The Test 000-153: System X Sales Specialist V6 An Alternative When You Need Sales People Diablo 3 Breaks Record Sales With Product Release Globally Causing Queue Stress Free Sales Lead Generation Sales Job Descriptions 646-206 Cisco Sales Expert For Increasing Sales Of Advanced Systems