California Real Estate...Short Sales/REOs?
I am currently in the market for a home i am living on the peninsula in the bay area but its just too expensive for me to buy a home here, so i am looking in the sacramento area (Rockin, lincoln, roseville) There seem to be tons of short sales and REOs. I have found a couple houses i am interested in but they are all short sales, basically my question is how long does it take to close /hear if your offer has been excepted with a short sale? i heard it can take forever... i have to stay in my rental until the lease is up in May, I was going to put in an offer this weekend and if i don't hear anything back by march i could i cancel my offer?
I buy in the valley. Short sales need to be avoided, a waste of time. 80% of the sellers are dreaming and the sales will not go though. The banks are better off foreclosing and they will do that.
REO's are a different story. They sell well. The true bargains sell within 48 hours of hitting the market. If you need a top notch broker to help you with a purchase let me know. I know a great one, he is nice to buyers, but really aggressive with the banks and can get amazing deals closed. Having a great agent is the key to getting a really great deal.
HOME FOR RENT REAL ESTATE in WHITNEY OAKS ROCKLIN CA 95765
|
|
Eight Below (Widescreen Edition) $4.81 Features include: •MPAA Rating: PG•Format: DVD•Runtime: 120 minutes... |
|
|
Pacific Heights $5.40 A young couple buy a San Francisco house, planning to use its two rental units to help with the mortgage. Their new tenant turns out to be a sadist that they can't evict.Genre: Feature Film-DramaRating: RRelease Date: 1-JUN-2004Media Type: DVD... |
|
|
Property Management Kit For Dummies (Book & CD) $19.09 Thinking about becoming a landlord? Property Management Kit For Dummies, 2nd Edition gives you proven strategies for establishing and maintaining rental properties, be they single family or multi-resident. You'll see how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal snafus â and meet your long-term goals. Youâll learn all the basi... |
|
|
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth $10.00 Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth. Real estate investor, attorney, and ... |
