Now is the time to buy!  With inventory up   , prices down 

and great interest rates, why are you waiting????  This is not a waiter's market, it's a BUYER'S MARKET...if you wait too long the great deals will be gone!

According to Realty Trac 2007 Year End U.S. Foreclosure Market Report:

"With a total of 481,392 foreclosure filings on 249,513 properties during the year, higheCalifornia documented the highest number of foreclosure filings and the most properties in some stage of foreclosure in 2007. The state's total foreclosure filings more than tripled from 2006, and the state's 2007 foreclosure rate - 1.9 percent of its households entering some stage of foreclosure during the year - ranked fourth highest among the states. California foreclosure filings were down 3 percent from the third quarter to the fourth quarter despite a 33 percent spike in December, but total foreclosure filings in the fourth quarter were still nearly three times the number reported in the fourth quarter of 2006."

As of February 9, 2008 - There are currently 383 active bank owned (REO) listings in the Elk Grove area...zip codes 95624, 95757 and 95758 in the Metrolist listing service...and another So510 active bank owned listings in South Sacramento (most in the Elk Grove School District).  But Realty Trac as of February 9, 2008 reports the following numbers for the 3 zip codes in Elk Grove:  1182 Preforeclosures, 1458 Bank Owned homes and 593 Auction Properties.

This is why I said earlier that now is the time to buy - if you don't jump in now you may miss this market!   We are seeing more multiple offers again, many many more.  If it's a great deal, there are generally multiple offers now within the first few days it's on the market.  Several agents in our Keller Williams Realty - Elk Grove office this week, were complaining that their buyers got beat out on bank owned homes due to there being multiple offers.  If you are a first time buyer or investor, you have got to get in the market right away and get quick notifications of what's new on the market so that you can find the right home at the right price!  We still have more great deals to come, but don't wait any longer!

Here are a couple of examples of what you can get for your money right now:

Don't wait any longer, join us on Saturday, March 23^rd from 9:00 - 1:00 on our

And make sure to check out these blogs for more information on foreclosure properties:

Join Us for Our Foreclosure Bus Tour

Looking for a Great Deal?  Visit our REO Open House Extravaganza

Investment Properties 

Call us today, (916) 230 -0371

The Mode and DurhaM Team in Elk Grove, CA