The Pomona real estate market presently features 1,277 foreclosure listings and properties scheduled for auction in the imminent future. These bear the expecting price of $292,000. The foreclosed homes had mostly been seized by various banks, with VA, HUD, Fannie Mae and Freddie Mac accounting for the rest. The number of foreclosed properties in Pomona shouldn’t surprise, because California has been the hotbed of the government foreclosures occurring throughout the US in recent years, representing about a third of them all. There is a delightful range of homes to cater to buyers with variegated resources and requirements.
Pomona is located in the Los Angeles County, in the California US state. It is the fifth largest city in the county, following Los Angeles, Glendale, Santa Clarita and Long Beach. Pomona is the site of California State Polytechnic University, but not of Pomona College, though named after it, whose campus is in nearby Claremont.
Among the various suburban cities of Pomona may be named Whittier, Duarte, Westlake Village, Arcadia, Artesia, West Covina, Avalon, Vernon, Walnut, Azusa, Baldwin Park, Temple City, Torrance, South Gate, South El Monte, Bell Gardens, Bellflower and Beverly Hills. In addition, the following cities are also located in the vicinity of Pomona: Bradbury, Sierra Madre, Signal Hill, Burbank, Calabasas, Santa Fe Springs, Santa Monica, Santa Clarita, Carson, Cerritos, San Marino, Compton, Commerce, San Fernando, Rosemead, Cudahy, Lomita, La Puente, La Verne, Lawndale, Lakewood and Lancaster.
Information Key to Lucrative Investments
The real estate market proves the old adage “Knowledge is power” quite true. Sound property investments are not possible unless you have adequate knowledge of the current factors and trends in the housing sector. You can acquire information about the macro developments in the real estate market from the newspapers, the internet, and from seasoned property brokers. Besides, you need update yourself about the home options becoming available for sale in the areas of your choice. You can educate yourself by a regular reading of the newspapers and websites devoted to foreclosure auctions in your city. Real estate websites abound on the internet and contain the latest updates on foreclosure auctions in all the cities. Besides, they contain highly informative articles and useful homebuying tips that may stand you in good stead at the property auctions.
Agent’s Role Helpful & Vital
The Pomona real estate listings auctions witness an important role being played by the likes of Jaime Fino, Ronald Melendez, Barbara Baisley, Michael Gutierrez and Meg Yacawych. Counting among the prominent property brokers out of the hundreds of agents active in Pomona, they considerably influence buyers’ choices and facilitate deals for sellers.
An expert agent in Pomona would know the city’s terrain like the back of his hand, and keep equally abreast of the macro economic developments taking place in the economy that impact the housing sector in any manner. The recessionary conditions in the US and various parts of the world economy have caused markets to become volatile and unpredictable. A competent agent would be able to safeguard your financial interests and help you reap the maximum windfall at the Pomona property auctions.