Local News Reports Fewer People Turning Out For Auctioned Homes

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Real Estate Broker/Owner with Lazarus Realty

 

Lazarus Realty
Lazarus

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559.301.1647
559.438.7475

1319 W Bullard #4 -- Fresno CA -- 93711

 

According to this Article by CBS47 the turnout for bidders at auctions is down. They say it was standing room only last July.  I guess a lot of the folks who thought they were going to get a bargain then  have watched their "bargin prices" fall further into the basement.

The best buys in the Fresno/Clovis area are in new homes.  After that its agressively priced REOs.  The short sales arent worth the time and effort.

The good news is that home prices are more affordable and first time home buyers who thought they would never be able to own a home a few years ago are seeing an opportunity to get in.

For investors, the good news is some of these REOs will actually pencil out and bring return on investment.

If your looking to buy or sell in the Fresno/Clovis area give me a call. My advice is free and I dont make any money unless you're happy.

 

 

 

 

 

 

 

 

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Rainer
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Pam Winterbauer
Pam Winterbauer Real Estate - San Ramon, CA
"Providing Blue Ribbon Service"

Randy......auctions here are not the buy of the century.  Buyer beware!

Jul 07, 2008 04:46 PM #1
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Rainmaker
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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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