10 Trouble Spots to Consider When Purchasing a Foreclosed Home

Everyone wants a deal... as a Realtor I hear it everyday. But at what cost? There are a lot of deals out there right now in Long Beach, Lakewood, Signal Hill and surrounding real estate markets. Our Long Beach Real Estate market is booming and homes are selling at a fast pace. Many times we write ten or more offers before a buyers offer gets accepted.

This morning I found this article and thought it might be of interest. It sums up what I have seen out there over the past few years...

RISMEDIA, December 21, 2009—It’s easy pickings out there for many potential homebuyers. Housing prices are at their lowest in more than a decade, inventories are high, analysts are predicting a new wave of foreclosures and the government is offering two substantial tax credits for which many homebuyers qualify.

But bargain buyers beware, warns Vince Mastronardi, whose property preservation business has been busy preparing foreclosed homes for sale.

3 Factors to Take Into Consideration Before Jumping Into Housing Market | RISMedia

I work with a lot of First Time Buyers and it is always enjoyable when things work out right. This is a great article to prepare you for buying a home whether it is your first or your last.


3 Factors to Take Into Consideration Before Jumping Into Housing Market | RISMedia

Jeff Hall