If you have considered buying a home in the Southern California area and you feel that you are ready to do so then you can be a part of this MASSIVE Bank Owned BONANZA that is going on right now!!
This bank owned market is a lot like an entire street having a garage sale... Here is scenario...
Let's say you went down a street that was having a garage sale at EVERY HOUSE...
***you now have options
And every seller is competing with eachother to sell more of their CRAP
***you have reduced prices and chances for negotiations
When one seller gets selling more than the others the others scramble to catch up
***you get a frenzy of low prices all at once
You see something you like at one house.. but as you are looking at it deciding if you want to buy it someone yells out 'I'LL TAKE IT' and its sold right from under you...
***there is a LOT of competition for this merchandise on the street
You finally find something that you absolutely LOVE... and you put it down to bring over a friend to show them what you are going to buy... and oops 'its sold now'...
***you get disappointment that you missed out on the one you LOVED...
You now turn to a new house with a more rapid pace and vigor to NOT MISS OUT AGAIN....You find something you like.... you take a quick look... do some research QUICKLY to ensure its a good price and works well for you and then yell
'I WILL TAKE IT'...
***Now you understand the process of purchasing a bank owned home...
That might sound like it wouldn't happen to you and these homes will stay on the market for a long time so you don't need to hurry .... but trust me.... and ask ANYONE that has been in THIS bank owned market recently .... and they'll tell you that this is the way it is...
The GOOD ONES GOOD QUICK... and they sell for list price or above... Its nice that the list price is usually 30% or more below the peak of sales prices in 2006...
Its a tough game but in the end if... you know what you want... you know what price you can afford... and you have a solid agent helping navigate you through the hectic maze of bank owned homes... in the end you will end up with a home that you LOVE... a home that you can make your own.... a home that will appreciate in value greatly in the coming decade... a home that will end up costing you thousands and thousands less since interest rates are at historic lows... an investment that you can be secure in...
That is why this BANK OWNED BONANZA is something that you should not miss out on....
Even if you feel that prices might go down a bit further you can rest assured that you got yourself into a home that you truly can afford, in perhaps a better area to live and hopefully with more rooms than you had before... Of course it is not the best time for every single person to be buying. I am not writing this for absolutely everyone yet for those on the fence wondering if this IS the time for them... I am here to help you find out if this is your time to buy...
If you have ANY questions... ANY concerns... ANY thoughts that I am steering you the wrong way please let me know....
Nathan Kramer
Century 21 Professionals
(888) 865 - 2525
http://www.IwantaBIGGERhouse.com
Monday, March 2, 2009
How to get a great deal in the BANK OWNED BONANZA!!!
Labels:
bank owned,
buy a home,
deals,
foreclosures,
oc deals,
reo
Subscribe to:
Post Comments (Atom)
1 comment:
Nathan,
Thank you for all your help in finding me a place. You are the best and realtor for life!
Post a Comment