“Kickin’ the Repo Man to the curb…“
The San Diego real estate market has a up side? Yep! I’ll explain. Foreclosures and short sales…savvy investors and first time home buyers are cashing in on the windfall when they hit the market. Homes which were unattainable, are now within easier reach for the first time in over six years.
Large numbers of foreclosures and short sales have brought prices down a whopping 25 to 35 percent from a mere year ago. Translated into dollars, a payment of $2,450 per month about a year ago now would be around $1,650.
“That’s a savings of $800.00 per month!”
San Diego is one of the top ten places to live in the country, yet, due to the high cost of housing, many potential buyers were leaving or had left for more affordable regions.
Well, they have been coming back into our market in droves, and giving us a much needed ’shot in the arm’ economically. They’re finally able to jump off the fence with confidence and get back in the game. Now. it’s a contest between the buyer and the returning investor as to who will get the winning bid.
John Walsh, president of DataQuick.com said, “What we’re looking at is a fire sale of properties in newer affordable neighborhoods that were bought or refinanced near the price peak with lousy mortgages.”
You can get access to the latest foreclosure announcements DIRECT by calling the number below. And yes, there are foreclosure properties on the coast!
“Solana Beach townhome with ocean view sells on the courthouse steps in the mid $700’s!”
Get on the inside track. Call 800.260.3150. Ask to be put on the “Notify List” for upcoming foreclosures in your area(s) of choice. It’s that easy!
