Umpteen Options in Thriving Hub
The Escondido real estate market currently has 1,360 foreclosed homes and houses for sale through its foreclosure auctions in the next few days. These properties bear the median listed price of $324,000. There are also 589 other MLS and FSBO homes figuring among the imminent property auctions to be conducted in Escondido. These carry the median asking price of $349,000. This indicates that the foreclosed homes are being offered at discounts of about 10 percent of the other properties that are determined by the customary market prices. Banks account for the highest percentage of seizures in Escondido, with the others having been variously made by HUD, VA, Freddie Mac, Sheriff or Fannie Mae.
The huge number of foreclosed options in Escondido needn’t surprise anyone. As a state, California counts among those that have been the worst affected by the continuing spate of government foreclosures in the US. However, the prevailing mere 10 percent discount that the seized homes appear to enjoy in Escondido compares unfavorably with the up to 50 percent discount that the foreclosed properties have carried in various other parts of the nation. The diversity of the home offerings has been a delight to the aspiring homebuyers. The range of properties on sale includes condos, apartments, single-family homes, duplexes, multifamily setups, farmlands, commercial complexes, and vacant lands of different sizes. Whatever your specifications and size of the wallet, you are bound to find several desirable choices among the seized homes to be auctioned.
Escondido is a city located in San Diego County, in the US state of California. Escondido is situated quite close to San Diego city, and is a part of the San Diego-Tijuana MSA {metropolitan statistical area}. The various suburban cities of Escondido include Poway, Carlsbad, Encinitas, Vista, Oceanside, Chula Vista, Imperial Beach, Solana Beach, National City, Coronado, La Mesa, Santee, Lemon Grove, San Marcos, El Cajon, Del Mar and San Diego. Additionally, the several unincorporated places located in the vicinity of Escondido include Fallbrook, Alpine, Lincoln Acres, Winter Gardens, Julian, Blossom Valley, Granite Hills, Warner Springs, Lakeside, Bonita, Hidden Meadows, Valley Center, Rainbow, Campo, Ramona, Spring Valley, Eucalyptus Hills and Rancho Santa Fe.
Agents Can Guarantee Lucrative Investments
Escondido has scores of property brokers who actively facilitate property transactions by guiding aspiring homebuyers in their home searches. Vaughn Lamb, Edward Pashley, Charles Borough and Connie Sontag rank among the prominent real estate agents active in the city. An agent’s role has acquired enhanced importance in the ongoing tempestuous market times in the backdrop of the overall economic downturn worldwide. Only an insightful broker can interpret how the various macro developments and trends can impact the individual’s housing decisions and guide you to maximize your bonanzas from investments in the Escondido real estate listings auctions.
Choosing an agent calls for considerable care. You could check the agent’s certification from the list of accredited real estate agents that the real estate department of California State has made available on the internet. An experienced, successful and influential agent is more likely to suggest home options that meet your criteria than a greenhorn struggling in the highly competitive real estate market. Hiring a competent and responsive agent is like putting your best foot forward towards the Escondido property auctions.
