Bank Owned aka REOs are the hottest segment in the real estate market in Santa Clara County. First Time Homebuyers and investors are buying these properties up because of their low prices and historic low interest rates available during this unprecedented time.
My company at Bay Area Mortgage and Realty have started our new business model entitled "50% Cash Back." This program is intended to stimulate the local economy by putting money back into the buyer's hand so that they may use it at their discretion.
This 50% Cash Back Program has no restrictions and the buyers can be either 1st time homebuyers or investors. While home prices are falling across the nation, especially here in the Bay Area, mortgage rates are at historic lows, and this would be an ideal time to buy for any renters sitting on the sideline waiting for prices to come down even lower. Real estate prices may go down another 10-20% but mortgage rates likely not be this low once the economy starts to recover.
It is the new year in 2009, and there are currently 7545 homes available for sale in Santa Clara County alone and of that 1,848 are REOs aka Bank Owned Properties-that means that 1 out of every 4 homes on the market is available at rock bottom price, maybe. Banks are not in the business of owning homes, so they sell the property at a discount to get it off their accounting books so that they may focus on their main business.
1 of 4 homes in Santa Clara County is a bank owned home, that means this is a great time for any buyers sitting on the sideline waiting to buy, and what better opportunity to buy now with mortgage rates at their lowest levels in decades. Also, you will be getting a 50% cash back on all your real estate purchase through us at Bay Area Mortgage and Realty in San Jose. Our agents are professional and will treat your family with the most respect. We have been in the real estate and lending business for more than 18 years now.
We believe that this unique 50% cash back offer will help many families purchase their first home and still have some cash at closing to furnish it. It takes more then a pulse to get a loan in today's market, but we have loan programs available with 3.75% down payment known as FHA home loans. That means that the borrower can finance 96.25% of the home value and the best thing about this FHA loan is that their FICO score needs to be only 580 to qualify.
The time to buy a home in the best place to live in the United States is now! Start your search for your dream home here at:
http://www.mlslistings.com/
At this site, you can also search the areas by zip codes:
94022, 94024, 94041, 94043, 94085, 94086, 94087, 94301, 94304, 94305, 94306, 95002, 95008, 95013, 95014, 95030, 95032, 95050, 95051, 95054, 95070, 95110, 95111, 95112, 95117, 95118, 95119, 95120, 95123, 95124, 95125, 95126, 95127, 95128, 95129, 95130, 95131, 95132, 95133, 95134, 95135, 95136, 95138.
Search All Homes for sale in Santa Clara, Saratoga, Campbell, Los Gatos, Sunnyvale, Willow Glen , Almaden Valley, Blossom Valley, Cupertino, Evergreen, Los Altos, Palo Alto, Milpitas, Morgan Hill, Monte Sereno and all Santa Clara County, Ca.
Once you have located the properties that you are interested in buying, please give us a call at 1-888-986-3464. If you need immediate assistance, please call one of our most experience and professional agents at 408-460-3368 Paul or Bruce at 408-590-7500. We will be very happy to help you achieve the American dream of homeownership and get you the lowest interest rate loan available. God bless you and your family and may your life be a success.
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