You want to buy a foreclosure but you don't want to be in a bidding war?
Well then step away because that is exactly what is going to happen.
People are over bidding on foreclosures here in Oceanside, California because the deals seem to real to be true. They are bidding on fixer uppers that really need fixing. Bring on the paint brushes, carpet, appliances and huge bucket of soap and you will end up with your elbow grease getting you a great investment.
You have to be prepared to wait for an answer back from the bank and that may take weeks to get back. You may lose out on a deal because you are waiting to hear back on one and another pops up and you don't know what to do. It's a wait and see game.
Can you place offers on other properties? Yes! Your offer is not final until you confirm that you are accepting the banks reply. But if you have an offer on the table the best thing to do is wait it out and see if you get the property you wanted as usually first choice is the best choice.
Ask your realtor for advise as we are the professionals. But don't ask us hows the market as we have not a clue. We don't have a crystal ball because if we did we would have socked money away more and bought oil stock. We know our job and thrive to be ethical, honest and knowledgable, but no one can tell you what is going to happen tomorrow because tomorrow isn't here. Just follow your gut instincts.
Buy a foreclosure NOW- put your money to use as these are the best prices I have seen in years here in San Diego County not to mention the whole country. BUY USA! Call in all your friends and have a cleaning party and then celebrate your new pretty home with a great American Barbeque.
You should call your Realtor today and start looking at the homes for sale. It doesn't have to be a foreclosure as there are wonderful deals here in San Diego County, which is a destination of choice for most out of towners. Get going on your dream home now while there are plenty to choose from.
Please keep in mind that a lot of families have lost their homes because of the loan packages they chose and our hearts go out to them that they will be able to pick up the pieces and start anew soon. We give them our prayers that they will get through this setback and come back bigger and better.
I wish you all 'ENOUGH". Elissa
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