We would all like to believe that the economy is picking up, and in some sectors it appears to be. Unfortunately, the OC real estate market was one of the hardest hit and therefore recovery is a bit slower. However, in this not-so-great news is a silver lining: great real estate steals are out there if you have the financial means. Call Cheryl if you are ready to invest in real estate.
While foreclosures are seemingly decreasing, they still abound. And they can mean a great deal for you, the potential buyer. For example, in Tustin, you can purchase a 4 bedroom / 2.5 bathroom home with a good-sized yard for about $840,000. A few years ago, this home would sell for several hundred thousand dollars more than the current asking price.
Foreclosures can provide a patient investor / buyer with the opportunity to ‘flip,’ or quickly turn around and sell the house at a profit after purchase. But there are cons to buying a foreclosed property — an experienced real estate agent like Cheryl can go over these in detail with you and ensure that you are making a wise, informed purchase.