Right now there are about 300 single family homes for sale in Turlock. About 40% of them are short sales, and of the rest, a large portion are foreclosures(this may seem like a lot of homes, but it is much less than last year and incluses all price ranges). This is a great market for first time homebuyers and there are definitely opportunities to get a nice home at a nice price. Plus, if you qualify, you can receive the federal tax credit for $8000. I've been working mostly with first time homebuyers for the past couple of years because thats who is purchasing right now and its enjoyable to help someone get into their first home. You will need to get in touch with a lender (unless you are ready to pay cash for your first home) and we have some great ones in Turlock. If you'd like their contact info or if you'd like to talk more about what its like to be a first time homebuyer, please let me know.

Good luck!
Adam Dalton, Realtor
Century 21 M&M and Assoc.
adalton@c21mm.com

Hi llsa,
Yes, there is a large invnetory of foreclosure homes in our area and they can be good buys. We are seeing that many of the bank owned homes receive multiple offers and go pending within the first to second week on the market. If you need financing to purchase a home, it is important that first you get pre-approved for a loan, if you have not already met with a lender. The banks that own the foreclosure homes are requiring that buyers submitting offers present a pre-approval letter with their offer. Please let me know if you have any other questions, I would be glad to refer you to a few lenders in your area.

Have a great day!
Jessica
jzepeda@coldwellbanker.com

Your first step is getting pre approved Lisa. I know a couple of great loan officers that can help you out locally. Then after that it is time to meet up with a real estate agent and go over what you are looking for. There are a lot of great homes and great deals out there and an agent can help you find the perfect match. Hope this helps out. If you would like a loan officer reference and need help finding a home feel free to drop me an email. Tyler@rwnetwork.com
best of luck during this exciting time!
Tyler Flaherty