The Gendron REO Connection
REO and Foreclosure Properties

Redding CA Foreclosure News ~ Buyers Looking for a Great Deal!

Buyers Looking for Great Deals–Foreclosure and Short Sale Listings–Prices have come down and interest rates are attractive. We have down payment assistance programs that may help to get you in a home if you qualify. We have lower prices and good financing available through FHA, CalVet and VA loans.

Very attractive interest rates make this a good opportunity for you to purchase your first home. We specialize in helping first-time home buyers find their perfect home. Call today and let’s get started working on finding you that “perfect” property. You really cannot afford to let this opportunity pass you by. The real estate market is more affordable and interest rates are at very attractive lows.

Buyers Looking for a Great Deal–Foreclosure and Short Sale Listings–Buyers that understand a declining real estate market will know that the a home which is in excellent condition, in a good location and priced correctly (just under market value) will not be purchased for a low ball price. These homes are not short sales nor foreclosures and the market value remains stable within the current market . After spending time with your Realtor looking at homes you will begin to have a feel for market value and when the attractive combination of a “good buy” comes together (Price, Condition and Location). Your investment in researching the internet and your local market will help you be knowledgeable about making this very important decision. Once you have identified the area you want to purchase in, become knowledge about this specific neighborhood and the market value of the homes within the specific area.

Short Sale Opportunities–A short sale is a property that is what we call “upside down” in the market. The owner owes more money on the property than the property is worth in the current market. The short sale property will be on the market for less than market value.  This provides opportunity for Buyers in this current market. It is important to understand some important aspects of short sales for your success. A short sale is all about the numbers to the lender. They are most concerned with the bottom line amount of money that they will save or loose on the property. The formula on a short sale is typically 10% below market value. The listing agent on a short sale is looking for the Buyer to come in close to listing price. The lender will not approve the sale unless the offer is within a reasonable range of 10%. The Buyer will also be expected to purchase the property in an “AS IS” condition. They Buyer will also have higher closing costs and be required to purchase the Home Warranty. The sale is subject to the lenders approval. There is opportunity with short sales if listed properly. Working with an experienced Realtor will help you determine the investment opportunity and the market value of the opportunity.

Foreclosure Opportunities–REOs are Real Estate Owned property that have been foreclosed upon. The bank now owns the property. Typically, they will not negotiate or accept offers that are of a “low ball” nature. They will not provide disclosures and the property is generally sold in an “AS IS” condition. Foreclosures vary in terms of what opportunities they present. Working with a knowledgeable Realtor or Real Estate Agent can help you determine the market value for this specific home in it’s current condition. This will help you determine your opportunity. Your own investment in understanding the market will benefit you greatly in correctly investing in REOs. The stronger an offer the more likely the bank will negotiate. An all cash offer, will tend to move the bank on price.

Buyers Looking for a Great Deal–Foreclosure and Short Sale Listings–To help our Buyers we list foreclosures and short sales on our websites for your convenience. You can look through the current list of foreclosures and short sales and we can discuss other “good buys” that are on the market and afford opportunity. Call today and we can talk about Redding CA Real Estate and the Great Deals that are available.

WE CAN HELP! We provide you our main real estate website for all your Redding Real Estate needs. We also provide a Luxury Market website for those clients looking for Redding Luxury Homes of extraordinary elegance. We also offer the entire Shasta County MLS by Price for you view convenience and we offer for those investors and first time home buyers a website dedicated to short sale and foreclosure listings and information.

SEND FOR A FORECLOSURE LIST  TODAY. CALL AND WE’LL TELL YOU ALL ABOUT OUR AREA.