While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s ...Read More
If you are looking for a home in the Sonoma/Napa wine country, you might want to consider buying a short sale property or a foreclosed home – also known as an REO (real estate owned) property. Although purchasing a foreclosure can be a bit more complicated than a traditional home purchase, it represents an excellent opportunity for the first time homebuyer, as well as the seasoned investor, to find an affordable home in the relatively expensive wine country real estate market.
Learn more about buying foreclosure properties in Napa & Sonoma County.
Your decision to purchase an REO should be made with eyes wide open to the pros and cons of such a decision. Your first step is to find a real estate professional who knows how to navigate the foreclosure system. The experts at Wine Country Modern Real Estate are well equipped to help you understand the process and find the right home.
The foreclosure and pre-foreclosure market in Napa and Sonoma Counties is diverse. Just about every type of real estate is represented, from coastal properties in Sea Ranch and Bodega Bay to suburban homes and condos in Santa Rosa, Rohnert Park, American Canyon, and Napa. So many options can be overwhelming, so you may, with the assistance of your Wine Country Modern realtor, want to narrow down your choices and focus on a specific area.
Whether you are looking for a starter home, an upgrade, or a good investment, consider purchasing a foreclosure or short sale to maximize your real estate dollar. For now, foreclosures in Napa and Sonoma are competitively priced and you might find your wine country dream house at a good value.
Contact Wine Country Modern Real Estate for more information or assistance in buying a foreclosure property in Sonoma or Napa County.