Mr. Buyer, have you missed the boat on the really good deals?
By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
I hate to say it, but if you are looking for homes in the $20,000 to $80,000 range here in Del Norte County, California you may be out of luck. HOW CAN THIS HAVE HAPPENED SO FAST? Early in 2012, they were still plentiful, but since then homes have gone under contract in big numbers. Investors realized the market was bottoming out as the inventory tightened up and they purchased. Same with home buyers, but they were competing with the investors and often the investors won out because they had cash. Now, unless there is hidden inventory somewhere, it is almost impossible to find a low priced house in good condition so it can be financed. The occasional REO still comes on the market, but it is grabbed fast--or there is something seriously wrong with it. SO, MR. BUYER, IF YOU ARE STILL LOOK...
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