Campbell Fixer Upper

Campbell Fixer Upper

The recent rise of home prices in Los Gatos have made it very hard to find fixer uppers since the demand far exceeds the inventory.  Even homes that are in terrible condition are generating multiple offers.  Below are the Top 5 sources of finding Los Gatos Fixer Upper that we use for our clients:

1)  Craigs List:  Some owners have taken the initiative to market their own home on CraigsList.  But the poor interface and to set up search agents makes it very cumbersome to search for properties here.  But with the tight inventory, any source of good Los Gatos Fixer Uppers can NOT be ignored.

2) Los Gatos Short Sales:   Our last Campbell Short Sale which closed this month was approved in 13 days.  So, Short Sales are good sources of Campbell Uppers, specially since the lenders are offering cash incentives to home owners for relocation.  

3) REOs:  Even though REOs are selling at market prices, they still represent a decent opportunity for the investors who know how to negotiate with the banks on these sales. But the inventory of REOs has declined to a mere trickle these days. 

4) FSBO:  For Sale By Owner properties also offer opportunity to pick up a fixer upper that might be a good candidates  for flips.  Our recommendation is however, to have a Realtor draft the purchase contract and help you with the escrow.  

5) Auctions:   If you are living in a Trustee Sale States such as California, Auctions also represent a decent opportunity to purchase Fixer Uppers for cash.  We have developed series of articles on potential of winning at auctions in different cities including San Jose,  Los Gatos, Los Altos, Redwood City, Milpitas just to name a few that you can read.  

Finally, you notice we did NOT even mention Bank Owned REOs since the inventory of these REOs have declined to so few that the competition on them is not worth the headache.  Where do you find your fixer uppers?!

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