San Diego Foreclosures Multiple Offerssmile-yellow-face

As the San Diego Foreclosure Market heats up this summer bank owned homes or REO’s are selling fast and most of them have multiple offers. This is a good sign for San Diego Real Estate. I have noticed many of the foreclosures priced a little below market value which usually causes a buying frenzy and multiple offers. This gives the bank pick of the litter and the strongest offers get accepted. There are many home and condo buyers in San Diego and many of them are looking for the deals. Foreclosures can be the best deals on the market but the offers have to strong to get accepted.

The short sales can take months to get an answer back from the banks even when handled perfectly. The short sales in San Diego can be a great deal if you have the patience. When we’re helping families relocate to San Diego we find that short sales just won’t work out because we don’t know when the bank will give our buyers an answer or a counter or if the bank will just foreclose on the home. With a foreclosure the bank will take an offer and close quickly. Buying a home in San Diego that’s not a short sale or a foreclosure can be an option as well but many homeowners still believe their homes are worth far more than they are.

If you’re ready to buy a San Diego Foreclosure or want more information about Foreclosures and REO’s in San Diego call us at 619-9813917 or visit our San Diego Real Estate Web Site, #1 in San Diego.

San Diego Foreclosure News

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

San Diego Real Estate              San Diego MLS

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      Chula Vista Real Estate

San Diego Foreclosures            San Diego Green Homes

All information is believed to be correct but not guaranteed.