Tagged : Foreclosure 
There are currently 4 blog entries matching this tag.
Fresno Condos: A Good Buy?
Monday, July 19th, 2010 at 1:32pm. 658 Views, 0 Comments.
June 2010 --
One of the questions often asked by clients is, "Are condominiums a good investment in the Fresno County area?”
Current Price:
Certainly, the price is compelling. Investors, first time home buyers and retirees are currently picking up Fresno County condos for an average of $106,354 (approx. $74 per square foot). That means mortgage payments hover around $800 for a 1,200 square foot condo. For many buyers, condos provide an extremely affordable and attractive option.
So price isn’t the question right now. But, should you buy is the question. The Central Valley is traditionally a single family home environment. Is there enough demand for condos in Fresno? With volatile real estate swings how does the value of…
2010 Hot Real Estate Deals!
Sunday, July 18th, 2010 at 1:54pm. 322 Views, 0 Comments.
Originally Published March 2010 --
A lot of my buyers interested in newer homes are being lured by the prices of Fresno homes along the Highway 99 corridor. New communities sprang up along the 99 during the housing boom of 2005 and 2006 and now with so many homeowners defaulting on their loans, there are some excellent buys in the area.
Clovis vs. West Fresno Foreclosures:
This past month there were 22 homes sold in 93722 and 93723 that were built in 2000 or sooner. 21 of those 22 homes were foreclosures or short sales with the only remaining house being brand new.
A similar number of homes were sold in the newer areas of Clovis (93619, 93730) yet the ratios and prices are quite different. Out of 20 homes sold, 9 were foreclosures or short…
Positive News for Short Sales in Fresno and Clovis
Tuesday, July 13th, 2010 at 6:20pm. 225 Views, 0 Comments.
November 2008 - There have been some interesting trends with the short sale market in the Fresno and Clovis area in the past few months.
Definitions:
- Short Sale:
Short Sales occur when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. The primary advantage of a short sale is that a borrower can typically has more protection against credit scores reductions and are eligible to purchase a home more quickly than those experiencing a foreclosure. - Foreclosure:
Often referred to as an REO (Real Estate Owned), this status indicates the property is now owned by the lender or bank as a result of a…
Foreclosures in Fresno
Friday, July 9th, 2010 at 12:20pm. 226 Views, 0 Comments.
April 2008 -- I have been specializing in the Fresno real estate market for nearly 20 years and find the trends in today's market truly unique. Foreclosures, in many cases, are driving the market. A year ago this month only 17 of 552 properties sold in Fresno and Madera counties were bank owned. In March 2008 that number jumped to 146 of a total of 390 sold properties or 37% of all homes.
At the same time, our inventory is steady or slowly declining. In February 2008 there were 6,022 active properties and this month there were 5,795. Historically, as less homes are available in a particular area, prices will stabilize or begin to rise.
What does this mean for you? Well, we are seeing the best prices for buying that we have seen in years. Foreclosures are…