Sold on Sacramento

Archive for the 'First Time Home Buyers' Category

Did you pay your landlords mortgage again this month ?

The current Sacramento real estate market has everyone scratching their heads. However their is one fact that remains. As long as we have the number of REO (bank owned) properties on the market their will be affordable homes for first time home buyers. Recent MLS data suggests that their is movement in the bank owned market, over 70% of properties that closed escrow were REO’s. With all of the major banks working to slow or even eliminate foreclosures the window of opportunity may be shrinking.

Now could not be a better time for first time home buyers. With the great number of properties at liquidation prices and FHA loan programs designed to help buyers. If you have a stable job and decent credit it is worth looking into your options. A real estate professional can help you through the process and help you on the path of home ownership.

I am positive about one thing, 3 to 5 years from now everyone will wish that they took advantage of this ” Housing Crisis “. The real question may be ” Did I help your landlord buy another rental this month, or did you ? “