Friday, September 12, 2008

Looking for REO Properties? Try North Long Beach.

Certain areas of the city have more REO (Real Estate Owned) properties to choose from then others.

As a city 12.7% of the properties that are available for purchase in the city are owned and listed by banks.

In North Long Beach 22.45% of the properties that are available are owned and listed by a bank.

So what does this mean? Well it means that banks have to get rid of some properties and while they aren't giving them away (average discount, if any on an REO, is 5%) there are properties in this area of town that can make wonderful first time homes and some even make sense to purchase as investment properties.

Want to see exactly what is available in this area? Check out our FREE MLS and you will see every property that is available. If you are ready to take your search to the next level we are happy to meet with you personally to help you accomplish your goals. Just fill out our contact form and we will be happy to help you.


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