San Diego downtown real estate broker

Bob Schwartz, CRS, GRI 

Certified Residential Specialist

San Diego, California

Telephone - Cell:
(619) 300-8819

Facsimile:
(619) 229-0048

E-mail:

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Bob Schwartz

San Diego real estate broker

Certified Residential Specialist
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Purchasing Pre Foreclosures

Pre foreclosures are known as properties that have obtained the final stages before they get repossessed or taken back by the lender or bank. The owner is still in complete control of the property or home, although the bank or lender will repossess the home if the owner doesn’t attempt to correct the situation. Normally, if the owner makes things proper with payment, the pre foreclosure will settle and things will go back to usual.

When purchasing real estate, there are numerous profits to pre foreclosures. Although there are several ways that you can purchase a home, pre foreclosure is one of the top. Even though it is one of the best ways to buy property, various people miss out merely because they aren’t familiar with pre foreclosures and all of the advantages that come with them.

The leading thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no choice but to sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can locate pre foreclosures for sale at practically 50% off market value. This is an ideal time to buy, specifically if you are looking to save a lot of money.

Along with the really good prices you can get with pre foreclosures, you’ll also have the luxury of dealing directly with the owner - no third parties involved. This is a top benefit, with buyers being in complete control of pre foreclosure sales. In the event that the home owner selects to turn down your offer and cannot find another buyer, he will lose everything. Even if you offer the owner a small price, he will be able to make a little bit of money selling the home.

You can find pre foreclosures that up for sale pretty much the same way that you can find homes in which the bank already has control of. You can look in the local newspaper, on the Internet, or by calling the lender directly. There are some options that you have in terms of locating pre foreclosures, giving you lots of options. Once you have found a pre foreclosure for sale, it’s up to you to close the deal and get the home of your dreams at a very affordable price.

When you compare foreclosed properties with pre foreclosed properties, you’ll find that there is less competition involved with pre foreclosures. Pre foreclosed homes are a really good purchase, as they will usually come at a very affordable price. Those of you who have been looking for a new home shouldn’t hesitate to check out pre foreclosed properties. They are a great investment - and can really be very advantageous in the long run.



 

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