This comes directly from Bahay Financial Services . There are currently 46 foreclosures for sale in Los Angeles at a median listing price of $1.2M. Attention all investors, developers, and DIY enthusiasts.
Attend auctions or check internet sales data to estimate the property’s value before auction. Monitor local market trends for property appreciation or depreciation. Ask experienced real estate agents and solicitors about foreclosed property values and legal issues.
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This will help you determine if the house is still in your price range after considering the work that needs to be done. Note that this is not the case with auctioned foreclosure properties because you have to bid on and purchase them before you can do an inspection, so weigh your options carefully. Potential buyers may not have access to the property’s interior or backyard, and photos can’t provide a complete picture of …