San Diego Foreclosures
If you are a buyer wanting to get in a Bank Owned Foreclosure in San Diego, you better be prepared by being Pre Approved and ready to make a strong offer. These Bank Owned properties are selling fast and the number of offers on the table are amazing. For example, last month I took out one my buyers to see a Bank Owned Foreclosure in Mira Mesa which was only on the market for 6 days and they had 22 offers on the table. Not only that, a week later another property in Mira Mesa we found had 25 offers in 4 days of market time. Also a townhome in Scripps Ranch had 12 offers in a week. Another situation today where one of my buyers absolutely loved a Bank Owned property in El Cajon had 14 offers on the table which the bank just accepted one and they were really bummed out.
So again, be Pre Approved, not Pre Qualified and be ready to make a strong offer. There are some great opportunities out there, you just have to be ready! Let me know if you have any questions.