Elk Grove Foreclosed Homes and Houses for Sale

Fastest Growing City Beckons Homebuyers

The Elk Grove real estate market presently has an astounding 2,510 foreclosed homes and houses for sale at the city’s foreclosure auctions in the next few days. These bear the median asking price of $300,365. In contrast, there are just 369 other MLS and FSBO homes figuring in the Elk Grove property auctions. Surprisingly, these other homes sport a median quoted price that is actually less than that of the foreclosed home options. This exception may be viewed as being caused by certain local market factors and held as merely highlighting the rule that the foreclosure auctions offer properties at fantastic discounts over the customary market prices to buyers. The auctioneer of the foreclosed homes is a bank, in over 40 percent of the cases. The other foreclosing agencies include Freddie Mac, VA, Fannie Mae, HUD, the Sheriff and the like.

Elk Grove is a city located in Sacramento County, in the US state of California. It lies toward the south of Sacramento, the state’s capital. During as recently as July 2004-July 2005, Elk Grove had been reckoned as the fastest growing city in the US. Elk Grove is part of the Sacramento–Arden-Arcade–Roseville MSA {metropolitan statistical area}. The MSA includes the counties of Yolo County, Placer County, El Dorado County and Sacramento County.

The diverse suburbs of Elk Grove include, besides Sacramento of course, Roseville, Folsom, Davis, Citrus Heights,

Rancho Cordova, Galt, Rocklin, Woodland, Colfax, Auburn, Isleton, Lincoln, Placerville, Loomis, South Lake Tahoe, Winters and West Sacramento. Furthermore, the CDPs or Census-designated places in the suburbs of Elk Grove include Arden-Arcade, Florin, Cameron Park, Foresthill, Carmichael, Georgetown, Diamond Springs, Gold River, Kings Beach, Esparto, Laguna, Foothill Farms, Orangevale, Vineyard, Rosemont, Wilton, Shingle Springs, Walnut Grove and Tahoe Vista. Additionally, the unincorporated places located in the vicinity of Elk Grove include Baxter, Comino, Brooks, Applegate, Clarksburg, El Dorado, Cool, Happy Valley, Grizzly Flats, Newcastle, Rescue, Sheridan, Zamora, Somerset, Yolo, Weimar, Strawberry, Southport, Twin Bridges and Olympic Valley.

Knowledge & Ally for Investments

If you seek to foray in the Elk Grove property auctions, the internet can prove to be your most important source of information and guidance concerning it. Indeed, as per NAR {National Association of Realtors} estimates, over 80 percent of the homehunters actively surf the net to locate their dream homes. You can fruitfully join their ranks. The internet has countless sites on the real estate market and several that contain details about the Elk Grove properties market. The websites will also acquaint you with the specifications of the foreclosed listings and enable you to view pictures of the homes on sale as well. You can submit queries to the auctioneer if you wish. Moreover, your local real estate agents can prove helpful by apprising you of new property options and zeroing your choice down to the few that you might consider bidding for at the Elk Grove foreclosure auctions. A seasoned real estate agent can help you to make all the right decisions at the Elk Grove property auctions. Mark Nieves, Manny Escovar, Terri Wagner, Tommie Hall and Max Lee count among the leading property brokers of Elk Grove, and you could well benefit from their counseling.

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