Advantages of purchasing a Bakersfield foreclosure

Here are some of the reasons that make purchasing a Bakersfield foreclosure so attractive to many of our buyers.

• They usually sell for less than fair market value. Most Bakersfield foreclosures are listed and sell for about five to ten percent less than the market value of surrounding homes.
•  Many of these properties need work and can be purchased at even greater discounts. If your handy or know someone that can do the work, a “fixer” may be great for you.
• We can often negotiate for all of the costs of the purchase to be paid by the seller. Because of the large number of foreclosures the lenders want these homes sold and are often more open to paying these costs, especially on REO properties.
• Since these homes are usually vacant, you can move in as soon as escrow closes, rather than waiting for the previous owner to move out.
• Buying a Bakersfield foreclosure can be very profitable. Whether you plan to live in the home or rent it, you will be much better off than those who bought at the peak of the market.