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Buyers, what more do you want? Interest rates are still holding and prices are back to 2002/2003 levels in many areas and in some areas, prices are back to mid 1990s levels. What a time to buy. |
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Attention buyers: If you are having trouble getting a great priced bank repo, please contact my office right away. We are in the trenches and know what the banks are looking for in terms of your offer. |
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Buyers and sellers, every day we are bombarded by negative press regarding the US housing market. We are also bombarded with negative news regarding the US economy, primarily regarding the spike in fuel prices. If you believe all the negative news, you probably will not buy a property now.
The reason it is a good time to buy a home is the rental amount that you can get for the home you buy, is probably close or greater than what your mortgage would be...even if you got in a pinch and could not make the mortgage, you could rent the home out and have the mortgage covered by the tenant. The point is, how can you go wrong? And consider, where else will you invest your money with such a great potential for return...This is California. The housing market here has always come back. It is time to start believing again. |
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The Realty Plus Reo Team has closed approximately 10 bank repos per month in 2008, with 27 presently pending sale. We have approximately 16 active on the market with about 18 more being prepared to enter the market within the next few weeks. I can assure you, most of the properties that we list for the banks, are receiving multiple offers.
It is the same for many other bank repo agents. In fact, the market is presently at equilibrium...for every home listed, one is getting sold...Do not wait too long. Now is the time to buy!
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