This is a very interesting article about buying foreclosures. San Diego Real Estate is a bit different than the article portrays. San Diego investors and home buyers will attest to the lack of inventory and the huge amount of competition. Experience shows that 6-9 months ago San Diego Real Estate reality was very similar to what the article is stating.
The current marketplace in San Diego is tough for buyers and it is important that San Diego investors and buyers have an experienced Real Estate Professional on their team. A San Diego Real Estate Broker, like myself, can educate and then guide San Diego Buyers through the integrated complexity of the San Diego Real Estate market.
Your Friend in Real Estate, Kim
Shoppers willing to buy homes sold in foreclosures or short sales are nabbing them at deep discounts, especially if they know where to look.
Nationwide, the average discount on homes sold in a foreclosure was 39% below conventional sale prices during the fourth quarter, while prices on homes sold in a short sale averaged 23% below market, according to RealtyTrac, the online marketer of foreclosed properties.
But in some markets, the discounts were much steeper.
Read the full article here: Best Places to Buy Foreclosures.