The whole arena of selling distressed properties feels like a quagmire to most people. We all know it's tricky, and difficult, and have heard that it's frustrating, but also that it's doable.
People wanting to buy homes that are in foreclosure, or have been foreclosed on, or are in a short sale situation may have more questions than answers. What are the risks? Can I inspect? What is a short sale?
Los Gatos, Monte Sereno, Saratoga, Almaden Valley and the other "west valley communities" are all highly desireable. Lately I have had inquiries from bargain-hunting buyers who'd like to scoop up a "good deal" in these areas. With such highly prized real estate, low crime, and good schools, those buyers are hoping to pick up a house, condo, townhome or other residential real estate for pennies on the dollar.
Can it be done in Los Gatos?
In my post today at "Live in Los Gatos", I addressed how and under what cases a realty professional can assist a buyer in purchasing one of these distressed properties. But let me tell you, there are not a lot of them to be had in the more expensive areas of Silicon Valley! The lowball prices of 20% off a year or two ago are found in areas with lower prices (Blossom Valley, South San Jose, Santa Teresa, etc.). There are a few in the more upscale areas, and many of them are listed on the MLS (multiple listing service). So if you'd like to know more about the question, Can a Real Estate Agent Help You to Buy a Distressed Home or Pre-Foreclosure in Los Gatos?, please stop by Live in Los Gatos today!