Real Estate in Orange County - October 2010What happened in October 2010 in Orange County in Real Estate? According to Southern California MLS agents reported that there were 2,027 homes that closed escrow or "SOLD". Of those 2,027 homes the average Days on Market, which tells us how long the home was marketed before an acceptable offer was taken was 98 days. Those 98 days do not include the 30-60 days to close the escrow (assuming there's not bank involved. If a bank is involved in a short sale the process can be much longer.) Homes sat on the market for over 3 months before getting an acceptable offer. Even then the final sales price was only 94% of the original list price. In other words the home sat on the market for 98 days and they still took a 6% reduction. And the agent that represented them still got their commission. In a tough market like this one, shouldn't the agent you are hiring be willing to put their money where their mouth is? The sad truth is that very few of them will. The guy at http://60DayGuarantee.com is all about the Win-Win. He claims that if he can't sell your home in 60 Days at a price that you agree on, he'll sell it for free. Now, that's how it should be. Today is November 7, 2010. If you were to list your home for sale today with just any agent, you could expect that the offer you finally accept will be around the middle of February and if you originally listed your home for sale at $500,000 you would accept a final offer of $470,000. There's a better way. http://60DayGuarantee.com