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San Diego Foreclosure Trends
San Diego Foreclosure Trends
One of the trends I'm starting to see in the San Diego Real Estate Market is that buyers have been and are really starting to bid up the foreclosures. I'm starting to see foreclosures sell for more than what a comparable short sale or regular sale "although in some areas of San Diego there are not too many of those" are selling for. What also needs to be considered is that most foreclosures are in poor condition compared to other homes or condos on the market. In many cases the yards are dead, they have been partially stripped, and the pride of ownership was gone once the homeowner new the bank was going to foreclose on them on and so on.
Short sales should be, in my opinion, not overlooked by home buyers in San Diego. Generally they are usually occupied by homeowners or renters and are usually in great condition. Homeowners are sometimes willing to repair items that home buyers want done where the bank owned properties are almost always sold as is. I truly believe that in many cases a buyer with a good buyer's agent can find more value and a better home with ... more

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