Buyers are wanting bargains and are even limiting their search to REO's and short sale listings. BUT....as a consumer and purchaser it is extremely important to hire an agent who can analyze and interpret the listing price on these properties. Just because they are bank owned or short does not make them a good deal!!
Yes there is absolutely the opportunity to buy a home or condo at a great price. The pricing on these homes, however, seems to be dependent partially on the prior transfer and the existing loan situation. If the prior owner way overpaid for the property to begin with, then the current price could also be suspect. Especially if it is a short sale. Also, even though it is not right to do so, there are homes being listed for ridiculously low prices that the bank will not accept. This is done just to entice an offer and get a purchaser mentally committed to wanting that particular property.
Please be sure that when you are purchasing a bank owned or short sale property, you are dealing with a reputable agent and one that can analyze and produce a current market analysis. Also, be open minded about the fact that there are job transfers, retirements, downsizing, and other factors forcing home sales. These homes can also be offered at great prices and the sellers are knowledgeable about the history of the home and can produce reliable disclosures, they often might agree to do repair work or lower their price if the inspection produces a health or safety concern, and they are also motivated to sell! Some of the best deals in the market today are not bank owned or short sale!!
Choose an agent with over 35 years in real estate. One with appraisal and sales background! For more information on Ventura County real estate and homes for sale check out my website at:
http://www.Venturahomesforsale.org
For foreclosure and bank owned property searches visit:
I love Ventura County and Ventura Real Estate! Having been in this career for over 36 years says enough for itself! Whether buying or selling Ventura property my promise is to leave you satisfied and
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Good point, Janis! You're the one I go to verify a price opinion! By the way, did you hear that PETA had a problem with the Westminster Dog Show......what's up with that?
PETA is trying to say the AKC is like the KKK...wanting a master race ie master species. They also say it keeps people from adopting dogs at the shelters. Wow! Pretty awful things to say in my opinion. The breeders I know go the extra mile to make sure their animals are healthy, loved, xrayed for problems and given tons of attention. They also treat them like they are their children and really care about who purchases them. Without AKC and breeders of purebred dogs....we would only have mixed breeds. This would destroy the history and beauty of each individual breed of dog. I do agree that we do need to save as many shelter animals as possible purebred or not purebred...PETA also needs to talk about all the puppy mills that breed mixes to sell. Thanks for letting me address this issue...AND thank you for respecting my opinions on real estate values!!
One last comment, PETA seems to imply that breeders only breed for making money and that their breeding translates into a killed shelter dog... That is laughable as I don't know very many breeders that breed show dogs that actually make money....most of them keep their puppies longer and give them all their shots and sell them at an older age. Raising puppies costs lots of money. By the way I have a wonderful 6 month old show quality German Shepherd for sale if anyone is interested in purchasing a show dog....I am taking inquiries.
Janis Calkins Ventura Property Shoppe