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1. Do foreclosures really cost less than an owner occupied home?
While much of the country has been facing the housing slump, San Angelo has not been hit as hard. Prices over the last few years have dropped some but many homes have not seen the drastic drops that many areas in the country have seen.
That being said, San Angelo foreclosures overall are typically less expensive or even below market value depending on the condition, style, location and amenities. Most likely you can purchase a San Angelo home at a great price.
2. Will there be a lot of work involved in a San Angelo foreclosure?
While no owner wants to face the reality of a foreclosure, the fact that it has happened can make for one disgruntled and saddened homeowner. Because of this many homes can see their fair share of destruction. There are San Angelo homes on the market that don't need much work but typically lenders will not do too much to home if anything at all at an inspection. That's why having a professional inspection is so vital to the purchase process. You really want to know what you're getting and how you can go about fixing, repairing or updating any issues.
Sometimes safety issues may be addressed with the lender if the home cannot be occupied. This is on a case to case basis and you should have your agent and lender negotiate this.
Most San Angelo foreclosures will need some cosmetic work done once you move in. Paint, possibly new carpets, appliances or flooring are the common issues. Rarely do issues such as plumbing and electrical needs come into play. But again, make sure you have a thorough inspection to be sure.
3. Will I have any recourse or issues from the previous seller or lender once I close on the home?
This is a common question and new home owners certainly don't want any past ghosts from previous owners or stigmas from lenders haunting them once they move into the home. This is where the title insurance comes into play. Lenders want to make sure they don't get burned again and will conduct thorough finance investigations before making the decision to sell the home. They don't want the home back either. Once a home closes there is a very slim chance that any repercussions from previous sellers, lenders or owners will present themselves. Because every home and every situation is different the lender, escrow and title will verify that all liens and debts are taken care of before you take ownership. This is not something you should have to worry about.
Make sure you discuss any concerns you may have with your San Angelo Realtor on the individual property. We would love to talk to you about the possibility of cashing in on a great home in San Angelo. There are plenty of homes below market value. Let us help you weed through the listings and find the right San Angelo foreclosure or short sale that meets your needs and your budget.
The Brenda Jackson Team would love to help you find the right home in San Angelo or any of the surrounding areas. Please contact them at BJacksonteam@aol.com. They look forward to hearing from you! Originally posted here http://www.brendajacksonrealestate.com/index.php?page_id=241 by Tammy Emineth
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Allen Turner
Rocky Spoonts Real Estate (325) 245-8206 soldbyturner@gmail.com http://www.soldsanangelohomes.com Listed by: Rocky Spoonts Real Estate |
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I am just now starting this new blogging adventure and plan to put new information that is valuable to my local area. Check back soon for an updated blog!
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Chicken Farm? Art Center? Yeah I know but remember this is Texas and hear me out. Though I usually write about The Good Life In Austin Texas, there are many places, events and attractions near our city that are NOT TO BE MISSED. A little over three hours drive north west from Austin near the heart of Texas lies the community of San Angelo, Texas. Some interesting tidbits about the town include: the largest city under 100,000 population NOT located on an Interstate Highway, being my home town (38 years ago), location of historical Fort Concho and a surprisingly robust art community that includes the San Angelo Museum of Fine Arts and the Chicken Farm Art Center. To give you an idea of just how relevant the art community is in San Angelo, I have attended exhibits there that were available in limited release. I know this must sound strange but here is an example, a recent show was only offered for preview in New York, San Francisco and...San Angelo?!?
The Chicken Farm Art Center is the brainchild of one of my closest friends and teachers; sculptor, potter, and multi talented Artist Roger Allen. After teaching art for a few years in the 1970's (yeah I know it's dating us but history is important) Roger found an abandoned Chicken Farm and processing plant on the north side of San Angelo consisting of 8 buildings on 3 acres of land that was perfect, well at least cheap enough to move and expand his art studio and establish a compound where artists in all media could live and work. I know what you are thinking, an artist's compound in the middle of West Texas? But for some wonderfully weird and creative reasons, San Angelo was indeed the perfect place for such an idea to take hold and flourish!
The Chicken Farm Art Center has now grown to be one of West Texas’ premier attractions and is home to two galleries, 15 studios, Jerry & Susan Warnell's bed-and-breakfast and Silo House restaurant (literally built in a space that was formerly 2 grain silos) that offers a five course meal of fine dining with a casual ambiance. Roger Allen & Pam Bladine now oversee The Starkeeper Gallery and studio featuring Roger's ceramics and there are also 18 resident artists (Chicken Farmers) working in all sorts of disciplines including painting, photography, copper wall sculptures, stone sculptures, mosaics, batiks, glass, fiber art work and creative and vintage clothing. Please don't confuse this with craft fairs or similar ilk as these are true artists creating some of the finest work you can find!
Beginning today, The Chicken Farm Art Center will hold their annual open house for the three days after Thanksgiving and celebrating their 40th Anniversary! People from all over the country will be attending this event that features all of the artists in residence as well as numerous visiting artists who will be displaying their work, as well as hold workshops in many artistic disciplines. Also on tap with be a continuous series of music featuring 18 separate bands and a daily gathering of the Chicken Farm Pickers from 9:30-4:00 each day. This will be an excellent time to shop for the holidays in a completely different atmosphere from the insanity of malls or the sterile nature of online shopping. If you have even glanced at a TV lately, you have heard of supporting local small businesses this holiday season so this is your chance! Though I no longer live in San Angelo, I always stop and (usually stay with Roger) when I am in San Angelo and I am always pleasantly surprised at the incredible hub of creative activity that is going on at the Chicken Farm Art Center. Do yourself a favor if you are in the area (at any time of the year) or even within a few hours' drive and make the trip. I guarantee it will be well worth it!
This post is also in rememberance of Roger's oldest friend, fellow Artist and Teacher Jim Henderson.
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I will show my own listed propety today, that is always a blessing. Weather is cloudy with a chance of thunderstorms in San Angelo, TX but I am prepared to write offer come rain or shine. That is the beauty of San Angelo, TX if you don't like the weather wait 5min. it will change.
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