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Murrieta Bank Owned Homes
November 05, 2008
The Murrieta Real Estate market has experienced large drops in the past couple years. Many areas have seen drops in value of as much as 50% and more. This is partially due to the large amount of foreclosures that have come on the market and are continuing to come on the market. The Murrieta area has been hit harder than many areas due to the large number of homes that were built and sold during the 2001-2006 period when Real Estate values were skyrocketing. Today, many home owners are letting go of these homes because they owe significantly more than what the home is worth and with a tough economy many home owners can no longer afford these homes, which contributes to even a greater drop in value.
Murrieta Bank Owned Homes have been selling very quickly. In October of 2008, Murrieta had 268 closed sales compared to only 66 closed sales in October of 2007.
This might be an obvious answer, but it is because prices are so attractive now. The prices have come down so much that many first time buyers have been entering the market and many investors are getting into the mix. The majority of Murrieta Bank Owned Homes purchased today with 20% down can be rented out for a positive monthly cash flow. These investors are banking on the rebound too. In the short term, the investor has a positive cash flow and then when the market turns around, they can potentially sell for a large profit. On top of this..... the potential tax benefits of purchasing Real Estate.
If you are looking to purchase a Murrieta Bank Owned Home, contact me right away. The hot deals go fast! At Oak Tree Realty Group, we have hundreds of Bank Owned properties and hundreds that aren't even on the market yet. Work with the source! Work with the best!
Tyson Robinson Oak Tree Realty Group Direct: 951.970.5740 E-Fax: 866.730.1082 Email: tyson@tysonrobinson.com
Hot Murrieta Bank Owned Property - $126,000!!! Why pay rent!??!
September 02, 2008
Murrieta Bank Owned Property for $126,000!! Just reduced! Location: Murrieta, CADarling European-style 2 bedroom, 2 bath Condo! Entry at convenient ground level and one car attached garage. All living space upstairs (Carriage Unit), very cute functional kitchen and nice-size family room with fireplace and dining area. Beautiful upgraded tile floors. Small balcony off the Family room, nice end unit and many association amenities. Gated Montego Bay Condo Development, needs good cleaning and fresh paint. Information Contact Information Tyson Robinson 951.970.5740 Pricing Asking Price: $126,000 Flexibility: Negotiable Additional Pricing Information: View more bank owned properties at www.TysonRobinson.com/properties.php. Hurry! This is a hot deal!!! Your payment would be less than rent! Property Location 30407 Pelican BayMurrieta, CA 92563View Map Agent Name: Tyson RobinsonBroker: Oak Tree Realty GroupMLS #: T08118176Attributes Appliances DishwasherInterior Amenities
Hot Bank Owned Property in San Elijo Hills San Marcos
August 19, 2008
San Elijo Hills Beauty (BANK OWNED - Pre-List)
The home is located at 1460 Kingsport Way, San Marcos, CA 92078 and is a Bank Owned/REO property.
This San Elijo Hills property sold for nearly $1 Million dollars in 2006!! The property is located in a cul-de-sac on a large lot with VIEWS in the much sought after community of Westcliffe. This is a great property with lots of upgrades including designer tile, upgraded carpet, custom paint throughout, lots of canned lightings, epoxy garage floor, granite counters, built in office, ceiling fans, cabana with a BBQ grill, fridge, table and more. This is a beautiful home.
No pricing yet. This one will sell fast!!! Bank Owned = Aggressive Pricing!
Call Tyson for more details at 951.970.5740. We have over 100 homes yet to be listed on the market and over 500 Bank Owned homes that are currently listed. Visit www.TysonRobinson.com to view more of our Bank Owned properties.
The Murrieta Real Estate Market is Heating Up!!!
July 14, 2008
The Murrieta Market is Heating Up! The Murrieta Real Estate Market is heating up! Murrieta Real Estate has dropped in the ballpark of 40% almost across the board from the peak and now things are moving! I'll let the numbers speak for themselves. These numbers pertain to only MURRIETA, CA. Total Closed Sales in June 2007................. 102 Total Closed Sales in June 2008................. 280 **** Almost tripled from 2007!!! We currently have a total of 581 properties pending or in back up in Murrieta. 360 of the 581 are REO's (about 62%). Only 25 are Short Sales (about 4%). What does that tell you? Why waste your time with a Short Sale? <---- That's my opinion of course. We currently have a total of 1171 homes on the market and only 267 are REO's and 421 are Short Sales. 25 of 446 properties that are Short Sale are currently Pending or in Back Up. 581 of the 848 REO's are in Escrow. Almost 69%!! The REO's are the best priced properties on the market and for that reason almost 69% are currently in escrow. If you'd want to buy one of these HOT REO properties, you need to be working with the source. At Oak Tree Realty Group, we represent more than 25 banks and asset management companies and have over 500 listings in the area. You can see the properties before they even hit the MLS and often submit an offer prior to the property being on the market. You need to have an edge on your competition as this market continues to heat up! Give me a call if you'd like to work with a REO/Bank Owned Specialist or if you'd like to discuss the market.
Tyson Robinson
Oak Tree Realty Group
Direct: 951.970.5740
Email: tyson@tysonrobinson.com
Web: www.TysonRobinson.com
Search Bank Owned Property Now!! * This information was taken from the MLS and is deemed reliable, but not guaranteed.
Murrieta & Temecula Housing Market - Are things turning around?
June 23, 2008
June 18 (Bloomberg) -- The California housing market may be showing the first signs of a recovery after three years of declining sales and two years of rising foreclosures, the UCLA Anderson Forecast said today.
While home prices in the most populous U.S. state are still weak, the number of houses and condominiums changing hands in some parts of California is rising, according to the Anderson Forecast at the University of California, Los Angeles, which released its 127-page forecast for both the state and the U.S. today.
In Southern California, the number of homes sold dropped in every county tracked by DataQuick except Riverside, where home sales increased 4.1 percent. Foreclosure sales accounted for 57 percent of Riverside's May sales, more than any other county, DataQuick said.
In California, the ``unprecedented speed of the price adjustment means that instead of several years of slow bleeding (like the 1990s), we have compressed the necessary adjustment into two years of intense housing pain,'' Ratcliff wrote in today's report. ``Mom always said it's better to just rip the Band-Aid off.''
*** Very interesting article regarding the local real estate market. It is very important to understand that most of the news that we see on the television and our market here in the Murrieta and Temecula area is much different than the national market. Call me if you have any questions or go to www.TysonRobinson.com and search Bank Owned, REO, Foreclosure properties.
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