Redding Ca Real Estate Market starts "Heating UP"......
Posted by Rick Goates on Mon, Jan 23, 2012 @ 12:45 PM
Redding Ca News-Redding Ca Real Estate,Homeowners may have relief!
Buyers in the market place have experienced a real "Heat Up" in the homes available that CAN be financed FHA or VA! Many buyers have missed out on REO properties that are in financable shape because of Multiple offers!
There is a real Misperception in the marketplace that it is a "Buyers Market".....it may be a buyers market for homes in the upper price ranges-$400k on up....but any home that is in good or Great shape.....that can go FHA or VA for financing...its a SELLERS market......for the bank owned homes especially! Sure there are over priced homes out there that sit and sit but for the bulk majority of REO's that are priced good out of the gate.....there are Multiple offers!
Here are some tips for buyers if you are interested in puchasing a Bank Owned home or Freddie Mac property- # 1 If there are Multiple offers keep in mind that I have yet to see one sell for UNDER the listed price....when it's a multiple.... #2 If there are not other offers in on the REO keep in mind they like to sell them and not give them away.Usually any offer that is more than 10% off the current listed price will be rejected.
Get with an agent that is well versed on writting up offers on bank owned homes and or Freddie Mac properties.....they have to be written up write the first time as you might not get a second chance....Good luck.....
Regards
Richard Goates
530-248-5627
01251781
Contact me today for Redding Ca Real Estate Info