Murrieta, Temecula Foreclosures Listings Often Come with Surprises
Category: Real Estate Trends
Published: Tuesday, August 11, 2009
Banks selling their Murrieta foreclosures and Temecula bank homes naturally want to present their listings in the best possible light. That means describing properties creatively and using euphemisms to describe home owner challenges such as small rooms or lack of a separate shower in the master bedroom. How can Riverside County foreclosed homes buyers decode listings before they make an offer? Follow these tips and get the facts before you buy:
1. Look for code words
Overly positive or creative adjectives often are a listing agent's attempt to paint a property in a better light. "Cozy" can mean smaller rooms. "TLC Needed" could mean it is one of the typical Murrieta bank homes that needs a little extra attention on the lawn or in the back yard, or it could mean that the property has been seriously neglected or damaged by its previous owner and prospective buyers will need to fund expensive repairs before moving in. Watch for colorful or fluffy adjectives and then thoroughly inspect the area being described so you understand exactly what you're getting when you close the deal.
2. Use technology to your advantage
Once you have found a few Temecula foreclosures or Murrieta bank owned homes to visit, narrow your search even further by viewing the neighborhood on Google Earth or Google Maps Street View. This will give you a visual perspective of the neighborhood a few months or a year ago, before the Riverside County foreclosures crisis, when neighborhoods displayed their normal character. By taking a look at your home in its glory days you can visualize its potential, helping you make your decision. Many Temecula foreclosed homes and Menifee bank homes appear differently once they are listed as REOs but looking at them via Google Earth can help you see how beautiful the homes can be again.
3. Work with your agent to verify information
Smart agents are already helping their buyers by verifying all information contained in the listings. However it is up to you, the buyer, to let your agent know what information is most important to you. If you have your heart set on a particular home but worry that some of the listing information could be covering up problems, ask your agent to show you additional properties in the same neighborhood or of comparable value. With so many Southwest Riverside County foreclosures to choose from you may find a better house that suits your needs, or you may realize that the house you want is very much the same as the other foreclosure listings and you can accept its tiny character flaws.
Just because a home has what some buyers might consider defects doesn't mean it's not a good bargain. Smaller rooms are cozier, and some houses do need just a little TLC to become beautiful family homes once again. Decide which creative listing terms you can live with, and which ones you would rather avoid, and work with your agent to find the best possible home for you.
The team members at Oak Tree Realty Group Murrieta are your Southwest Riverside County foreclosures specialists and can help you find Murrieta foreclosed homes, Temecula bank owned homes, Winchester foreclosures or Menifee bank owned homes that fit your lifestyle and your budget. Contact the neighborhood specialists today at 1-877-226-4800.
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