I know that everything we read and/or hear on TV, says the Real Estate Market is the worst it's been in decades. That now is not the best time to purchase a house.
But wait a minute; here are a couple of reasons to rethink these statements;
- Interest rates are still low, but very volatile. The mortgage people that I've talked to, think rates for home buyers are going to increase drastically after the elections.
- Home prices are low. In the Hemet/San Jacinto Valley, prices have dropped dramatically in the last year. Some say that they will level out by the end of spring.
- Hemet Bank Owned properties are super buys, if you don't mind a little work. While the banks and mortgage companies are allowing Hemet Realtors to do some rehab work, in most cases, "what you see, is what you get." However, in today's market what you are paying is sometimes under a hundred thousand than you would have paid in yesterday's market.
Hemet/San Jacinto has bank owned properties for just about every buyer, whether you are over 55+, a first time buyer, and investor. If you want a manufactured home on it's own property, need to down size, need to purchase a home because your family is growing or want to take advantage of the market and purchase some income property, we have it!
A couple of examples of the great values in the Hemet/San Jacinto Valley are; A great family size home of over 2,000 sq.ft. built in2006, with 4 bedrooms listed price is only $219,545; and another 4 bedroom older home listed for a low,low $149,900. If you are looking for something in a 55+ community, there is one in El Granda Estates 2 bedroom, 2 bath home listed for $74,750. If you are in market for a home that you can rent out, how about this 3 bedroom, 2 bath home for only $121,900???
There is a catch!! Here it is. You have to be able to prove you have a job, unique concept, you actually make the income you claim you're making, you need decent credit, and in some instances you have to have some money in the bank for a down payment & closing costs. This in not a new idea, this is the way everyone had to purchase a home ten years ago.
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