According to Foreclosure Radar which tracks the Foreclosure activity in San Martin increased 100% for Notice of Default filings but the Notice of Sales dropped by 100%! This means that the in the coming months there should be additional inventory of Foreclosures coming to San Martin. But as our own experience in marketing a San Jose Short Sale Listing that with great potential for rental income shows the competition will be fierce.
San Martin, California is a agricultural community south of Silicon Valley. The neat part of investing in San Martin is that you will enjoy the benefits of investing in larger homes without paying the high cost of such investments if you purchase Short Sales, REOs or Auction properties in nearby cities.
Now that we know that volume of San Martin Short Sales, San Martin REOs and San Martin Auctions Homes will in the coming month, let’s find out how competitive the prices are at the Court House for you to acquire rental properties at a discount.The chart blow clearly indicate that the Opening & Winning Bids for foreclosure auctions in San Martin dropped by 60% over the the SAME month in 2012! This means that if this trend is to continue for the balance of 2013, the investor will be able to get some good deals in San Martin auctions.
Bottom line is that you need to study your target market to avoid over-paying 1st for at Foreclosure properties. You can start your search for Foreclosure Listing page to locate Short Sale, REO and Auction properties in San Martin and Contact Us to help you develop a strategy to secure a specific property.
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Thanks for the information about the auctions very helpful. http://www.policeauctions.com/
Hi Beth, thanks for your comments. Are you looking for San Martin homes to flip!? U might also read this posting on how you can shave 20-30,000 off your purchase price with a little known technique that we help our investors with. After an inspection, banks typically discount as much as $30,000 since they don’t want to lose the buyer that is under contract and delay the close by 30-45 days.
http://davidmortaz.com/2013/05/17/top-5-secrets-buying-bank-owned-reoproperties-usa/