List prices of the homes in the 3800 to 4200 square foot homes in the area range from $629,000 to $945,000. Condos between 1100 and 1300 square feet range in price between $245,000 and $329,000.
Click the link in the web reference below for the list and details of the foreclosures currently listed in Chula Vista. If you ask me, they arenâ€™t priced really low when compared with other homes. Especially when you factor in the generally lower condition that foreclosures are in and a banks unwillingness to do repairs on a property it has taken back.
When you see foreclosed properties on sites like this, when the status actually says In Foreclosure, it's not a foreclosed property for sale. The number you see isn't a price, it's the amount owed to the bank.
As an investor, this is your starting point. Now you must track it to see if it ever goes to auction, where it'll be purchased by an investor or other cash buyer, or go back to the bank if it didn't get a buyer. If it does go to auction, the starting bid will be close to what you see here, but will include fees. The bid amounts will then go higher and much closer to market value, but under it enough to make a profit.
Hope that helps!
Cory La Scala, REALTOR
Lic # 01443391
If you look at foreclosures, be sure to get a physical inspection and determine the costs before you complete your purchase.
Have a great day, and if I can help you, let me know.
Joan Wilson, 760-757-3468
Pacific Sotheby's International Realty
Prudential California Realty
Home Services of America, A Berkshire Hathaway Company
DRE # 01839557
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