Foreclosures seem to be the hot topic in real estate these days and for good reason.
All we hear about on the news is economic impact this and home foreclosure that.
We have had an dramatic increase in foreclosure activity in Alameda that is to say there are currently 18 foreclosure properties
in Alameda compared with close to 500 in Oakland. The Bank Owned properties that are priced right sell quickly...
Sometimes even for more than asking price. The properties that remain on the market are easy pickings for lowball offers.
The end of the year is near and I would bet the banks would like to get some of these homes off the books.
One bank owned property our office represents is 517 Taylor St. It's a 1615 sq. ft. house on the west end and has recently been
reduced to $519,900 from 563,900 Its a ver spacious home and has great potential. Someone is going to get a deal when the buy this house. It certainly needs some TLC but is walking distance to the schools, Webster Street, farmers market and beach.
See photos under my listings.