The inventory of homes remains in the 1550-1600 range with the market still favoring the buyers. Sellers are still willing to give some concessions on many properties and new homes are offering many more incentives than a year ago. We are seeing an increase in foreclosures as many people in the last year or two opted for creative financing to get them into their dream homes.
It is estimated that foreclosures will increase in abundance as Trillions of dollars of adjustable rate mortgages taken out in the last 3 years are currently adjusting upwards!
Remember that with foreclosures you have to have cash at the sale...all cash/Cashiers Check...no loan on foreclosures so that limits the bidding to investors and very serious home buyers that are in a great financial standing.
Foreclosures are a tricky thing and bidding on them is a risk so do your homework before you ever seriously consider them. They are "As-is" where is and sometimes have hidden attachments/liens that go with them!
Contact an expert in your area for help in your real estate endeavors! See all the active available homes and properties in shasta country right here now http://atlantisrealty.com
Regards,
Rick Goates
Comments(2)