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San Diego, California Real Estate Update
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Thank you for visiting www.JeffNelson-RealEstate.com. As a REALTOR® I want this to be your #1 source for up to date professional and friendly advice about Southern California Real Estate. I provide custom San Diego Listing Searches that are sent to your email direct. I can set the search up for you in just a few minutes and you can keep track of the homes you like and purge the homes that do not meet your criteria. It's a convenient way to stay on top of the Homes in your area of interest.
For years the market has been flooded with Foreclosures also known as REO's and the upside down properties known as Short Sales." Many of these transactions are "under contract" before they're listed even while they are showing as available in the Multiple Listing Service. These transactions are problematic because the banks that own them and or control them are in no rush to sell. Additionally, the banks have no obligation to disclose problems with a property or surrounding neighbors like an owner does in order to comply with State laws. You also will not likely be able to lock your interest rate until a contract is affirmed by the bank/lender.
With all these obstacles, you can see why there are so many of these transactions clogging the banking, lending and real estate pipeline. Although these properties are difficult to approach, that doesn't mean avoid them at all costs. Real Estate Professionals like me will help you navigate through the pile of Short sale and Foreclosure listings offered plus the extra paperwork involved and give you the best shot at getting the home you want.
If you are wondering what interest rates are doing these days I can refer you to a Lender who will provide you with the best rates possible based upon your credit score. The National Rate Trends provided on many websites do not necessarily reflect the actual interest rates available in San Diego County.
Jeff Nelson Real Estate
858-549-4444
11580 Cypress Canyon Park Drive, San Diego, CA 92131
California Brokers License # 01261432
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Desert Hot Springs 55+ Community
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