The recent decline of home values in July 2013, home sales have started to slow in some markets giving us hope that we might find some fixer upper for our investors and clients. Below are the top 5 sources of fixer upper homes in San Jose:
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 San Jose Fixer Uppers can NOT be ignored.
Short Sales: Our last San Jose Short Sales which closed this month was approved in 15 days. So, Short Sales are good sources of Fixer Uppers, specially since the lenders are offering cash incentives to home owners for relocation.
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 San Jose REOs has declined to a mere trickle these days.
FSBO: For Sale By Owner properties also offer opportunity to pick up a fixer upper that might be a good candidates for flips.
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 we have cash buyers ready to purchase your fixer upper properties in days with no inspection.
We have cash and pre-approved buyers who can close on your San Jose Fixer upper without inspection very quickly. So, Contact Leila if you would like to sell your San Jose fixer upper.