Placentia Bank Repos for sale. REOs. Foreclosures.

CURRENT List of Placentia Bank Repos for sale at Placentia Bank Repos

Buying a bank repo may be a great way to buy a home with built-in equity. Clients of mine recently purchased a home 10% under market by offering more than the asking price.

Huh? Well, I educated my buyers on home values, and they knew a good deal when they saw it. We got tired of making offers on 'short sale' listings that were advertised at some ridiculous asking price that the bank would never accept. It was a learning process that they needed to experience.

Anyway, there are deals to be made with Placentia bank repos. Remember that these homes are sold in as-is condition with no repairs to be made.

Your Best Service in Orange County
Featuring Placentia Real Estate and Brea Real Estate

Fullerton Bank Repos for sale.  REOs.  Foreclosures.

CURRENT List of Fullerton Bank Repos for sale at Fullerton Bank Repos

Many buyers are looking for the deal, the steal, and they may find it in the bank repo. Of course, finding the bank repo that is also the dream home is going to be very difficult, but there are deals to be made.

Some buyers may think, 'It's a bank repo, let's offer 50 cents on the dollar'. Well, it's not working that way in North Orange County. Sometimes, a buyer has to offer more than listing price, and still ends up competing with multiple buyers in a bidding war.

The idea that it's a 'buyer's market' can go out the window when dealing with a bank repo. To open escrow, the buyer has to sign the bank's addendum, which makes the contract very favorable to the bank, and it could scare off the faint of heart. The buyer has to agree to the bank's terms, the property will be sold 'as-is' with no repairs to be made, and if the buyer cancels the transaction the risk of losing the earnest money deposit is greater than in a normal transaction.

It might be better to find a home you like, and deal with a motivated seller. But, there seems to be an attraction to the bank repo. Go to a home auction and see the frenzy of people bidding on bank repos. I recently did just this. If you go, bring ear plugs  -- it's loud!

The information booklet read 'Home Previously Valued at $625,000'. The booklet omits the fact that the home may now be worth $450,000. Starting bid at $250,000. I brought buyers with me that were going to bid up to $280,000. They never had the chance. The home sold for $425,000 and the buyers did not have an opportunity for a home inspection.

Your Best Service in Orange County
Featuring Fullerton Real Estate and Brea Real Estate

April was a good month for home sales in Brea with 25 closed escrows.  The average time on market for the homes was just 71 days.  The sales prices averaged 97.5% of the listed price.  Inventory has come down to 151 homes listed for sale in Brea.  Another 35 homes are in escrow. 

There were 37 new listings taken in April (31, if you don't include short sales).

In March, only 13 homes sold in Brea.

Click here to see all Brea homes for sale

Click here to see all of the Olinda Ranch homes for sale

The Olinda Ranch development features 639 residential homes.  There is also a picnic area and playground along with a historical center. And, if you are a nature buff you can enjoy meandering pathways and nature trails. Olinda Ranch is constructed on terrain that has a gentle hint of sloping which allows views of the hillsides surrounding the area.  

Olinda Ranch was designed with a huge variety of homes to choose from. These homes start at 2 bedrooms and move up to five bedrooms, and they range in sizes from 1050 to 4000 square feet. The perfect size is available for every family.  The homes available will range in price, and amenities, but they all are located near superior schools, scenic views, and fun destinations.

Olinda Ranch homes have a price range of $500,000 to $1,500,000. It all depends on what you, as a home buyer, is looking for.  What type of real estate suits your need?  Are you a couple or have recently retired? Maybe you have a growing family and need affordable housing with decent schools.  Or you might have a giant nest egg waiting to be splurged on immaculate acreage overlooking the city.  Whatever your need is, it can be met at Olinda Ranch.

The choices for properties on Olinda Ranch are endless so be sure to do your homework and know what it is you and your family need for your living situation.  Do you want a pool? How about land? Or would you rather live in a loft in downtown Brea. Consider every option available to you. Olinda Ranch in Brea, California is a superb place to live.

Take your time viewing the choices available at Olinda Ranch because the options are plentiful. It could be a difficult decision to make since every neighborhood in the Brea, CA area is an excellent choice. You will be delighted no matter which property you choose.

Click here to see all of the Brea homes for sale

There are a large variety of choices for Brea properties. You can live in the downtown area or on the outskirts. There are all types of developments to choose from. You can live in the hills or in the flats. You might choose a condo or a luscious mansion, either way you will be exhilarated by the Brea surroundings.

The choices for Brea properties have a price range starting from $300,000 to some new homes asking nearly $3,000,000.  It all depends on what you, as a home buyer, is looking for.  What type of real estate suits your need?  Are you a couple who have recently retired?  Maybe you have a growing family and need affordable housing with decent schools.  Or you might have a giant nest egg waiting to be splurged on immaculate acreage overlooking the city.  Whatever your need is, it can be fulfilled in Brea.

Take your time viewing the choices available for Brea properties because the options are plentiful. It will be a difficult decision to make since every area of Brea is an excellent choice. You will be delighted no matter which property you choose.

Call me for information!