Living in Contra Costa County

Antioch California - The Major Shift in the Bank Owned Home Market

A few weeks a go I wrote about Investment Properties in the 94509 Zip Code of Antioch (a popular area for investors).

I talked about one shift happening in the market with Bank Owned Homes being out numbered by Short Sales and Traditional Sales; but there is another dynamic Shift going on!

The New Shift in Bank Owned Homes is who is Selling the Bank Owned Homes.

Now it is hard to put together a list of exactly who is selling what as there is no one simply column or search that provides that information.  But we can get numbers on Bank Owned Home sales easily.  Then taking those numbers we can do Key Word Searches and check a couple other places and get some fairly decent numbers.

There is a dramatic increase in the number of Government Owned Homes on the Market vs. those being sold directly by the banks.

In 2010 795 Bank Owned Homes sold in Antioch Ca, 92 of those were Fannie Mae Homes, 8 were Freddie Mac Homes, and 1 HUD Home; slightly over 1/8 of the market was government owned homes.

Right now in Antioch there are 76 Bank Owned Homes on the Market; 19 are Fannie Mae, 2 are Freddie Mac and 1 is HUD; more than 25% of the market and a dramatic increase from last year.

I think the banks are reluctant to foreclose or put foreclosed properties on the market right now.  This is for 3 reasons:

1. Fear of litigation and government penalties over robo signings and poorly executed foreclosures.
   
   
2.  When they foreclosure on a home the banks take a big hit on the books.  They are trying to avoid those hits.
   
   
3. Banks are trying to put more homes in the Short Sale category and avoid foreclosure (still not handling this well but getting better).

The primary consequence is fewer foreclosed homes on the market and higher prices on those that are on the market. 

Here are the Bank Owned Homes in Antioch Right Now.  Let me know what looks good to you.  I can send you a free list of homes anywhere you want fitting any criteria.

Bank Owned Homes for Real Estate Investors – Brentwood California 94513

Real Estate Investors love the great Investment Properties in Brentwood California 94513 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment.

Brentwood California 94513 is the most upscale community in East Contra Costa County offering great prices on fine homes.

The best buys on Investment Properties in Brentwood California 94513 are Bank Owned Homes. Bank Owned Homes have now dropped less than 1/5 of the Market in Brentwood California 94513.

However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for about 10% less than the average Home Sale in Brentwood California 94513. This is a significant savings that will increase the bottom line of any Real Estate Investor.

For more information on Bank Owned Homes go to HomePointRealEstate.com and request our information packet on buying Bank Owned Homes.

Click here to get a Free Book on Real Estate Investing!

Home Point Real Estate is a full service Real Estate firm located in Brentwood California and serving the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond.

Originally Posted at RealEstateInvestorInsites.com.

Bank Owned Homes for Real Estate Investors – Oakley California 94561

Real Estate Investors love the great Investment Properties in Oakley California 94561 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment.

Oakley California 94561 is one of the more upscale communities in East Contra Costa County while maintaining affordable prices and a small town feel.

The best buys on Investment Properties in Oakley California 94561 are Bank Owned Homes. Bank Owned Homes have now dropped to about 1/4 to 1/5 of the Market in Oakley California 94561.

However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for about 6% less than the average Home Sale in Oakley California 94561. This is a significant savings that will increase the bottom line of any Real Estate Investor.

For more information on Bank Owned Homes go to HomePointRealEstate.com and request our information packet on buying Bank Owned Homes.

Click here to get a Free Book on Real Estate Investing!

Home Point Real Estate is a full service Real Estate firm located in Brentwood California and serving the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond.

Originally Posted at RealEstateInvestorInsites.com.

Bank Owned Homes for Real Estate Investors – Antioch California 94531

Real Estate Investors love the great Investment Properties in Antioch California 94531 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment.

The 94531 Zip Codes is one of two in Antioch California and generally is the newer parts of town with many fine upscale homes close to shopping and the great amenities available in Antioch California 94531.

The best buys on Investment Properties in Antioch California 94531 are Bank Owned Homes. Bank Owned Homes have now dropped to about 1/4 to 1/5 of the Market in Antioch California 94531.

However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for over 6% less than the average Home Sale in Antioch California 94531. This is a significant savings that will increase the bottom line of any Real Estate Investor.

For more information on Bank Owned Homes go to HomePointRealEstate.com and request our information packet on buying Bank Owned Homes.

Click here to get a Free Book on Real Estate Investing!

Home Point Real Estate is a full service Real Estate firm located in Brentwood California and serving the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond.

Originally Posted at RealEstateInvestorInsites.com.

Bank Owned Homes for Real Estate Investors – Antioch California 94509

Real Estate Investors love the great Investment Properties in Antioch California 94509 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment.

The 94509 Zip Codes is one of two in Antioch California and generally is the more established parts of town and some of the better investments. There are many fine Ranch Style and starter homes in quite neighborhoods.

The best buys on Investment Properties in Antioch California 94509 are Bank Owned Homes. Bank Owned Homes have now dropped to about ¼ of the Market in Antioch California 94509.

However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for 5% less than the average Home Sale in Antioch California 94509. This is a significant savings that will increase the bottom line of any Real Estate Investor.

For more information on Bank Owned Homes go to HomePointRealEstate.com and request our information packet on buying Bank Owned Homes.

Click here to get a Free Book on Real Estate Investing!

Home Point Real Estate is a full service Real Estate firm located in Brentwood California and serving the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond.

Originally Posted at RealEstateInvestorInsites.com.

Bank Owned Homes for Real Estate Investors – Pittsburg California 94565

Real Estate Investors love the great Investment Properties in Pittsburg California 94565 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment.

People want to live in Pittsburg California 94565 because of the easy commute to Central Contra Costa County and the affordable lifestyle it offers.

The best buys on Investment Properties in Pittsburg California 94565 are Bank Owned Homes. Bank Owned Homes have now dropped to less than ¼ of the Market in Pittsburg California 94565.

However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for 10% less than the average Home Sale in Pittsburg California 94565. This is a significant savings that will increase the bottom line of any Real Estate Investor.

For more information on Bank Owned Homes go to HomePointRealEstate.com and request our information packet on buying Bank Owned Homes.

Click here to get a Free Book on Real Estate Investing!

Home Point Real Estate is a full service Real Estate firm located in Brentwood California and serving the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond.

Originally Posted at RealEstateInvestorInsites.com.

Investment Properties Discovery Bay

Right now Investors are picking up bargains Investment Properties in Discovery Bay and the Best Buys in Discovery Bay are Bank Owned Homes.

The number of Bank Owned Homes in Discovery Bay is falling off and now represents less than 1/5 of the market. However, this is still a substantial portion of the real estate market.

Right now the average asking price for homes in Discovery Bay is $174.00 per SF but the average asking price for Bank Owned Homes is $118.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties.

You can obtain some of these Investment Properties with as little as 10% Down Payment.

Discovery Bay is a water oriented resort community in East Contra Costa County. The homes in the community are eclectic and prices vary widely. For Investors the opportunity is in the appreciation of the properties when the market fully recovers. Even the lower end properties get pulled up in value because they are in Discovery Bay.

Home Point Real Estate is located in Brentwood California and serves the East Contra Costa County Communities of Pittsburg, Antioch, Oakley, Brentwood, Discovery Bay, other Contra Costa County Communities and beyond.

Click Here to Obtain our Free Book of Real Estate Investing.

Originally Posted at RealEstateInvestorInsites.com.

Investment Properties Oakley California 94561

Right now Investors are picking up bargains Investment Properties in Oakley California 94561 and the Best Buys in Oakley California 94561 are Bank Owned Homes.

The number of Bank Owned Homes in Oakley California 94561 is falling off and now represents less than 1/3 of the market. However, this is still a substantial portion of the real estate market.

Right now the average asking price for homes in Oakley California 94561 is $121.00 per SF, but the average asking price for Bank Owned Homes is $108.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties.

You can obtain some of these Investment Properties with as little as 10% Down Payment.

Oakley California 94561 is one of the nicer communities in East Contra Costa County it is popular with people wanting quality affordable housing in East Contra Costa County.

Home Point Real Estate is located in Brentwood California and serves the East Contra Costa County Communities of Pittsburg, Antioch, Oakley, Brentwood, Discovery Bay, other Contra Costa County Communities and beyond.

Click Here to Obtain our Free Book of Real Estate Investing.

Originally Posted at RealEstateInvestorInsites.com.

Investment Properties Brentwood California 94513

Right now Investors are picking up bargains Investment Properties in Brentwood California 94513 and the Best Buys in Brentwood California 94513 are Bank Owned Homes.

The number of Bank Owned Homes in Brentwood California 94513 is falling off and now represents less than 1/6 of the market. However, this is still a substantial portion of the real estate market.

Right now the average asking price for homes in Brentwood California 94513 is $179.00 per SF; for those homes priced under $1,000,000.00 it is only $142.00 per SF, but the average asking price for Bank Owned Homes is $132.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties.

You can obtain some of these Investment Properties with as little as 10% Down Payment.

Brentwood California 94513 is the nicest community in East Contra Costa County offering some of the best homes East Contra Costa County. For Investors the opportunity is in the appreciation of the properties when the market fully recovers.

Home Point Real Estate is located in Brentwood California and serves the East Contra Costa County Communities of Pittsburg, Antioch, Oakley, Brentwood, Discovery Bay, other Contra Costa County Communities and beyond.

Click Here to Obtain our Free Book of Real Estate Investing.

Originally Posted at RealEstateInvestorInsites.com.

Investment Properties Antioch California 94531

Right now Investors are picking up bargains Investment Properties in Antioch California 94531 and the Best Buys in Antioch California 94531 are Bank Owned Homes.

There are two Zip Codes in Antioch California. The 94531 Zip Code is the newer part of town with many fine investment properties.

The number of Bank Owned Homes in Antioch California 94531 is falling off and now represents less than 1/4 of the market. However, this is still a substantial portion of the real estate market.

Right now the average asking price for homes in Antioch California 94531 is $110.00 per SF, but the average asking price for Bank Owned Homes is $104.00 per SF. This is a big savings, although many Bank Owned Homes may need some work. If repairs needed on these Bank Owned Homes they are minor and the Real Estate Investor stills saves money on these Investment Properties.

You can obtain some of these Investment Properties with as little as 10% Down Payment.

Antioch California is the largest community in East Contra Costa County and is popular with people wanting quality affordable housing in East Contra Costa County.

Home Point Real Estate is located in Brentwood California and serves the East Contra Costa County Communities of Pittsburg, Antioch, Oakley, Brentwood, Discovery Bay, other Contra Costa County Communities and beyond.

Click Here to Obtain our Free Book of Real Estate Investing.

Originially Posted at RealEstateInvestorInsites.com.