Brea Bank Repos & Brea Homes For Sale

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Looking to buy a Brea bank repo...a foreclosed home or condo in Brea?Brea Bank Repos

The City of Brea is a great place to live in Northern Orange County andlike many cities we're not exempt to the downturns in the real estate market which means an opportunity for Brea home buyers.

As of today Brea has a total number of 89 homes/condos    (re-sale) for sale. Of those 10 homes are foreclosed bank repos, 9 are single family and only 1 condo. Actually as a long time Brea Realtor myself, this is the most I've ever seen at one time!

  • Prices today for single family bank repo homes for sale in Brea begin at $375,00 and range to $775,000.
  • The only bank owned condo in the City of Brea is listed at $315,000

However it's important to note approximately 40% of the homes currently for sale in our city are identified as a "distressed" sale, meaning a short sale, foreclosure or in the process of foreclosure at this time.

Today's priced combined with great fixed interest rates make home ownership more affordable now that we've seen in decades.

Brea is located in Northern Orange County and is a City is well known for excellence in education. The schools have been definite attraction for our community now for a very long time. Many of us who live here say, Brea enjoys some of the bigger city benefits, yet maintains a small town feeling. Most who live here feel we have the best of both worlds. 

So if you're looking to buy a Brea bank repo, or any Brea home, you've come to the right place. Preferred Home Brokers is one of Orange County's longest established brokerages under the same ownership. We live aI Love Brea CAnd work in the Brea community ourselves and have for decades.

You can contact any of the Preferred REALTORS or contact me directly at (714) 595-1494, or Lynda@PreferredHomeBrokers.com

If you're  on Facebook check out I Love Brea! for a visit of our community. Thinking of selling a home, view HomeSelling101.com for home selling know how. 

--CA Broker License # 00402040

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Ambassador
962,281
Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Lynda -

I am enjoying learning from you as I read past blogs. Your video presence is clear and easy to understand.

Thanks for sharing all your knowledge!

Have a happy day -
Lynn

Apr 05, 2011 05:41 PM #1
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hello Lynn ~ Thanks so much for your nice comment, see you around in the Rain!

Apr 05, 2011 06:22 PM #2
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Lynda,

Has your Spring market  started to heat up yet? We have what seemed like a lot more activity since mid March but it seems to have flattened down some in April. There is increased an increase in distressed  properties coming to market but not accompanied with the matching Buyer activity. Certainly seems like a great time to take advantage of lower prices and still low mortgage costs.

Apr 05, 2011 11:56 PM #3
Rainmaker
1,081,660
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Wow 40% is a very large number Lynda. With that high a figure it sounds like it could be years before you see any noticable appreciation in housing.

Apr 06, 2011 12:44 AM #4
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hello William ~ Most of our activity is in the "entry level" price ranges, meaning under $500,000 in my area. The overall number of closings for the the month was down 13% from 2010. I've not yet completed my entire market report, so I'm just not sure yet of the pricing differential.

Bill ~ The 40% figure includes everything otherthan a standard sale, Meaning, short sales, those currently in the default/foreclosure process & bank owned foreclosures for both condos & single family homes alike. 60% of our sales are "standard" usually meaning equity sellers. As for appreciation, I'd imagine that would also depend on inflation in general.

Apr 06, 2011 11:10 AM #5
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

There are so many deals on the market right now that there is no reason not to purchase a home!

Apr 27, 2011 12:11 PM #6
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Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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