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San Diego downtown real estate broker

Bob Schwartz, CRS, GRI 

Certified Residential Specialist



San Diego, California 92101

Telephone - Cell:
(619) 300-8819

(619) 229-0048

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Purchasing Pre-Foreclosures

Pre foreclosures are known as properties that have attained the final stages before they get repossessed or taken back by the lender or bank. The owner is still in total control of the property or home, although the bank or lender will repossess the home if the owner doesnít attempt to rectify the situation. Normally, if the owner makes things appropriate with payment, the pre foreclosure will settle and things will go back to normal.

When buying real estate, there are various advantages to pre foreclosures. Although there are several ways that you can purchase a home, pre foreclosure is one of the leading. Even though it is one of the top ways to purchase property, countless people miss out just because they arenít familiar with pre foreclosures and all of the advantages that come with them.

The leading thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no pick but to sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale at almost 50% off market value. This is an ideal time to buy, especially if you are looking to save a lot of money.

Along with the really good prices you can get with pre foreclosures, youíll also have the luxury of dealing directly with the owner - no third parties involved. This is a the best asset, with buyers being in complete control of pre foreclosure sales. In the event that the home owner chooses to turn down your offer and cannot find another buyer, he will lose everything. Even if you offer the owner a small price, he will be able to make a little bit of money selling the home.

You can find pre foreclosures that up for sale pretty much the same way that you can find homes in which the bank already has control of. You can look in the local newspaper, on the Internet, or by calling the lender directly. There are several options that you have in terms of locating pre foreclosures, giving you lots of options. Once you have located a pre foreclosure for sale, itís up to you to seal the deal and get the home of your dreams at a very affordable price.

When you compare foreclosed properties with pre foreclosed properties, youíll discover that there is less competition involved with pre foreclosures. Pre foreclosed homes are a top purchase, as they will generally come at a very affordable price. Those of you who have been looking for a new home shouldnít hesitate to check out pre foreclosed properties. They are a really good investment - and can indeed be very beneficial in the long run.



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