Bargain homes in Chula Vista, CA for savvy buyers are not that hard to find. Most homebuyers are looking to buy a home that’s going to give them the most value for their buck and turn a profit when they come to sell later on down the road. At least that’s the idea. Many potential homebuyers hit the internet and spend hours scrolling through listings in the hopes of finding a deal and declaring themselves an instant expert on the local real estate market. I’m here to say it takes a little more than that and having an experienced real estate agent with market skills will go a long way. I’ll explain what I mean in the following two examples:
Property number one- Is a single family home located in the Eastlake neighborhood, offered at $299,000 that’s four bedrooms, 2 and a half bath, 1887 sq. ft, built in 1996 and has a combined monthly HOA and Mello Roos fee of $159. Instantly, this would be considered a bargain home in Chula Vista for savvy buyers based on price, however, many first time homebuyers would view this property and walk away. The home is a bank owned property aquired through foreclosure and the previous owners didn’t vacate without stripping the fixtures and leaving in a state of much need repairs. Working with an experienced real estate agent could be an assest here by recommending professional contractors to run estimates for repair costs and negotiating a purchase offer to make it an attractive deal for the buyer.
Property number two - Is a single family home located in Rolling Hills offered between $399,900 to $439,900 that’s four bedrooms, 2 and a half bath, 2010 sq.ft, built in 1999, monthly HOA fee $95 and owned by an investor. Due to the high price range this would not be considered a bargain home in Chula Vista, CA for savvy buyers. The property would be overlooked by the typical homebuyer and sit on the market for a while. Ironically, that’s exactly what happened and working with an experienced agent this could have turned into a opportunity to negotiate a great price.
Both homes could be eligible for purchase using a military VA loan or FHA, however property number one would likely encounter problems with either loans due to the extent of the repairs.
Keller Williams Realty - Metro