Are there foreclosures right now⁉️
The simple answer is yes, but not as many as headlines have been anticipating.
One of the most common questions I get asked as a realtor is whether or not homes are still able to hold on to their value even during this time. That is a definite yes - in fact, many homeowners are actually building up⬆️ equity in their homes because property values have increased in recent years. This means that even if someone is behind on their mortgage, they are still sitting on a lot of equity that can be used to sell or refinance.
Buying a foreclosure can be a great way to get a discount on a property, but may not be the best way to go right now. But if you're looking for a bargain, keep your eyes👀 open. There are plenty of discounts already on the market!
It's never a bad idea to sit down and talk with an experienced Realtor. We can offer insights and guidance on how you can make the best decisions for your unique situation. 👍🏡
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If you are looking to buy or sell in the Bay Area, text or call me today at 408-547-4590!
You can also visit us at https://www.homesbyspencerhsu.com/
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Call/text if you want to go over options for buying and selling in the Bay Area! ➡️ 408-547-4590 📲