Buy Foreclosures In California
October 7th, 2009
Buy Foreclosures In California
Question: Can I afford to buy a foreclosed or short sale home in the San Diego area?
I currently live in the Midwest, and my family is planning to relocate to the San Diego area within the next 2 years. Coming from the Midwest, where things are a lot less expensive, it is difficult for me to get used to the idea of paying California prices for a home! My husband and I both work in health care; he's an x-ray tech, and I'm a nurse, so we are employable and not too broke, but not wealthy, either.
Anyway, my question is, if we have only about $200,000 to spend on a home, and we don't need a lot (other than a reasonably safe neighborhood), would we be able to buy a foreclosure or short sale home? How would we locate these types of properties for sale?
Before anyone suggests living in an apartment, I need to point out that we have dogs and cats, so we need a yard we can fence. Also, we have 2 kids, so a family area would be nice.
Thanks!
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Answer: To be perfectly honest with you...I would not buy a home there until I lived there at least a year. How do you know you're going to actually like it? Hate to tell ya...but I was SOOO excited to move to Colorado. But after 6 months, I hated it. Can I tell you how happy I was I didn't buy a house like I originally planned?
What seems like a great deal up front...could be a nightmare in the long run if you want to get out. LOTS of vacant houses right now for rent in San Diego. Just look it up on the internet.
We buy foreclosures in California (Short Sale Negotiator)
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