Homes For Sale under $100,000 Dollars in Redding California

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Real Estate Agent with Real Living Real Estate Professionals

Homes For Sale under $100,000 Dollars in Redding California.

Looking to buy a home for under $100,000 Dollars in Redding, California? You will not have to look far!

Some homes are offered "For Sale by Owner" but the vast majority are banked owned forclosures or better known as REO properties. The next batch of homes for sale under $100,000 in Redding, California may be short sales.

The Short Sale real estate transaction is when the home seller works with the bank they owe the mortgage to, to pay off the debt for less then is owed.

The new buyer gets the home at fair market value and the home owner is relieved of the debt and the bank never has to touch the property thru the foreclosure process. A win-win-win.

Interactive Map- Homes For Sale under $100,000 Dollars in Redding, California

See Photos, Prices, Addresses and Request more Information.....

Redding map

 

 

Many of the REO bank owned homes will fall in this under $100,000 Dollars in Redding, California category.REO Bank Owned Redding

Many of these properties have been left vacant for many many months. Some will be in need of repairs or even costly renovations.

Yet, there are still good deals to be found for sure, it just takes a healthy dose of reality and a thorough home inspection.

Many foreclosures are priced slightly below the homes current market value. But what may appear to be a "cheap" house,  could potentially be very, very expensive.

In most traditional real estate contracts in the state of California, the inspection period  will start AFTER the buyers offer is accepted by the bank. check your contract carefully, BEFORE you sign, to see how long or if there is even an inspection period.

A large percentage of REO properties are sold "as is". What does that mean? Well... As is, where is. You get what you see and you get what you don't see. Buyer beware. Still these can have great value.

buy a house, redding

During the buyers inspection period here is a sampling of only some of things you should consider.
This is not a complete list..

  • GENERAL HOME INSPECTION
  • WOOD DESTROYING PESTS
  • CHIMNEY
  • EASEMENTS/ENCROACHMENTS
  • ELECTRICAL
  • FOUNDATION/SLAB
  • HEATING/AIR CONDITIONING
  • ROOF
  • SEPTIC SYSTEM

 

Tips and Tricks on making an offer...buy a home, redding

REO properties may be in such distressed that they are deemed "not bank loanable" or "not in bankable condition".
Which basically means that structure or property has so many issues that the bank believes that it is too great of a risk to loan money on.

In these types of cases, cash is king. But not necessarily a "low ball offer". The asking price for the home has probably already taken into account the many flaws of the property.

It's time to get the calculator out..buy a home, Redding

Purchase Price

Plus

Repairs and or Renovations

Equals

Less then Market Value still!!!

buy a cheap house, ReddingYou may just have a Winner!!

What to do if you don't have the full Cash amount...

There are special home financing loans from the federal government set aside to help rehabilitate these types of homes.
And there is also a pool of private investors.


Need Special financing? We can help!!

This ends our brief sessions on homes for sale under $100,000 in Redding, California.

Homes For Sale under $100,000 Dollars in Redding California.

 

Posted by

 Call today 530-921-1063 to get your home sold.

 
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Real Estate Agents are most likely to have most current information on recent sales and how this reflects on the value of your home. Your report will include information from most recent sales, active listing and pendings and comes free of charge and with a free consultation upon request.
 
Redding Ca Home Searches by Price Range: See Photos, Prices, Addresses,Ask me a Question or Request more Information....

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www.HomesWithLaura.com

Laura Reilly

 

One click away, Contact Today Laura@HomesWithLaura.com

Lic. 01760446        

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Anonymous
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Rainer
150,920
Cindy Justice
Elite Realty Group - Dandridge, TN
Elite Realty Group

The same is true here in Tn.  There are many homes on the market.  Bank owned properties are plentiful.

Feb 05, 2011 10:17 AM #1
Rainmaker
1,930,478
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I had no idea you can find homes for sale under $100k in California.

Feb 05, 2011 10:18 AM #2
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Rainer
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Laura Reilly

Home Sales Realtor - Short Sale Team Member - Redd
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