"...A Good Name is Rather to be Chosen ..."
Since January 2009 there have been 237 Listings in Cerritos of which 117 sold. The average Listing Price was $494,594, and the average Seling Price $510,574. The sold properties have taken an average of 54 days to sell. REO's usually sell quickly within 30 days when priced correctly. If you're looking for a Broker/Agent who can find you the REO's you're lookinig for, "Yes We Can."
Give me a call 24/7 and I will guide you through your iinvestment search.
"A Good Name is Rather to be Chosen..."
Franklin Jacks
Century 21 Astro
(562) 304-3633

the lowest priced bank owned home in Cerritos as of today is $425K for a 3 bedroom 2 bath. We will not claim to be bank owned experts, what we can say is that we have sold bank owned homes and have been educated thoroughly as to contracts being presented to banks and what the banks look for. One thing I will mention with reos is they are usually priced low to attract enough viewings to generate offers which in turn bid the price up. In the end the bank is looking to net the most out of the sale of the home. Example: the price is $350,000 and you offer $ 315,000 all cash and someone else offers 10% down with a loan for a total offer of $340,000 you can guarantee the person offering $340,000 will get the home.

Hi Deepesh,

Cerritos is holding its own since most homeowners in the area are white-collar professionals and most intend to stay in the area because of its school district. Please e-mail me as this is very close to my office and I know a couple of foreclosed properties in the area that may be of interest to you.
Thanks,
Laarni