Bay area homes in selective areas showed unbelievable listing prices – $100K range.
This is good news for those first-time buyers who have waited so long and wondered when they will be able to buy properties in Bay area. NOW is the time.
This is also good news for those investors who have been sitting on the sideline for over some time, and wanted lucrative return rates, these are quite bargains. NOW is the time.
Most of these listings are REO, bank owned properties, they probably need some work, some maybe very obvious, or just need cosmetic touch ups. Some maybe significant: leaking roofs, a half-fallen wall etc. Structure remodification is necessary.
No matter what your goal is. It’s a good time that you act in this market. This is the buyers’ market. You are with full power to select your dream home, and you are at the best position to negotiate a deal you probably will not be able to on a reverse situation.
These are cash transactions mostly.