In the latest AP article written posted at http://biz.yahoo.com/ap/080514/foreclosure_rates.html
You will read some serious statistic. I can see how it is scary to go out and buy but in my area, Northern California, the time couldn't be more perfect. House prices are lower than they have been in 8 years and there is value all over the place.
Move up or investment properties are the hot ticket.
It has been a while since investment properties provided cash flow right after you closed escrow. Many families are now moving to bigger and better homes because of the market we are in.
I think that many people just close their eyes and hope things get better when they should be focusing on the reality, NOW IS THE TIME TO BUY! ( See Previous post here about actual numbers supporting this information)
When it comes time to buy you have to be ready, know what to expect and know how to get things done in this market. Even the most basic transaction on a REO property can take time and energy while the bank inefficiencies take hold of the transaction and never let go.
I have a couple of Free Home Buyers Reports that could be useful:
"The 3 Things Every REO Offer Needs to Get Accepted by the Bank"
and
“5 Reasons You Should Avoid CalHFA Loans!”
I have two more reports about buying a home and how to do it right due out within two weeks and they will be automatically sent to you if you request these reports.
SIMPLY EMAIL ME: Brent@brentlane.net
I will sent the reports as soon as I can!
Happy House Hunting!
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