I would like to purchase a home I understand using the foreclosure list would be an excellent way to purchase iis that true

Asked by Dalesterlingmonroe, Stockton, CA Sun Dec 8, 2013

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Dorene Slavi…, Agent, Torrance, CA
Mon Dec 9, 2013
Well.......... foreclosures are not for everyone. They are often sold "as is" from the lenders and often require repairs. Sometime there is hidden damage so you have to be prepared to take care of such things. They actually might be hard to find now that the market has changed.
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Teri Andrews…, Agent, Auburn, CA
Mon Dec 9, 2013
When purchasing your home you should explore all the options available, bank owned, short sales & traditional sales. Bank owned and short sales are now a much smaller part of the real estate market in our area than a couple of years ago. Bank owned (foreclosures) are not always a good value, the Buyer gets no history of the property and many times has to pay for repairs & reports, transfer fees that in a traditional sale may be picked up by the seller. Work with an agent that can help you evaluate the pro & cons of each property. Low interest rates means still a good time to purchase for most Buyers.

(If you were thinking of purchasing foreclosures at the Trustee Sale -"courthouse steps", that takes cash on the spot)
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John Lanting, Agent, Sacramento, CA
Mon Dec 9, 2013
I agree to every response that was given to you so far. The best way to find the perfect home for your needs is to find the right Realtor who would work for your best interest. Most agents can give you an accurate list of active homes based on your search criteria.

Please feel free to contact my team anytime so we can give you an impressive phone app you can use with no strings attached for FREE. You can access any home you are interested in wherever you are in a matter of seconds. It's like having an agent beside you to answer your questions about any particular home.

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eTernity Realty
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Jason Walter, Agent, Sacramento, CA
Mon Dec 9, 2013
That may have been partially true 1-2 years ago but definitely not now. As of October in Sacramento County, foreclosures were down 63% compared to a year ago and only made up 5.3% of the total number of sales! By far the best way to find a great home is to include short sales and equity (normal) sales in your search. Inventory has also drastically increased by 93% and investors haven't been buying nearly as much (the percent of cash sales decreased from about 40% to 25% from about May to August this year). Therefore, it's best to work with a local Realtor to help with your search. If you don't have an agent, I'm sure a Realtor on Trulia would be happy to assist.
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Terry Bell, Agent, Santa Rosa, CA
Sun Dec 8, 2013
The best way to purchase a home, is finding an agent to work with who will help you get your pre-approval in line, and help you preview current listings and develop a working relationship so that when the perfect home comes on the market you will be ready to make that offer!
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Jim Walker, Agent, Carmichael, CA
Sun Dec 8, 2013
No. Using a list of foreclosures only, would show you only a fraction of the properties available to buy.
Use an MLS list supplied to you free by an agent.
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Jaime Becker, Agent, Sacramento, CA
Sun Dec 8, 2013
Foreclosures have become a very small percentage of our market now. The majority of homes are regular sellers.

You can still buy foreclosures at the court house steps with cash if that's what you're looking for.
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