The housing market in Temecula has come back very strong, just look at the selling prices of homes for sale in Temecula CA.
This means two things:
1) You will not be able to pick up a house for under $150,000 anymore
2) You will not be dealing with as many bank owned properties
Lets face it, the people who did the best during the market down turn were the people who already had cash on hand. Those were the investors who loved dealing with banks, because banks only wanted cash and that is what they had.
If you were looking to just buy a residence the banks did not negotiate well and quite frankly did not care about the property they were selling. They had so many vacant homes on their books they just got bogged down and did a very poor job moving the houses of their books.
Now that you will be dealing with actual homeowners who will have some equity in the house there is some wiggle room for negotiations. You can actually barter with a person. Swap cars or other assets, trade closing cost fees, basically anything that you can think of, goes.
Of course you will need a good realtor in order to take advantage of these opportunities. We recommend contacting Anthony Mercado at www.homesforsaleintemecula-ca.com, he is a hard working realtor who knows what he is doing and will help you get the deal you are looking for.
If you are like me, Southern California was the place to make money when it came to real estate. Obviously the metropolitan areas like L.A. and Hollywood were already a good place for real estate, but the outlying areas were growing, FAST!.
Just look at Temecula, that was a ranch that became THE fastest growing city in America at one point. The sheer amount of land that could be developed caused buyers from all over to begin moving in. Which helped to move the demand up followed by the prices. If you got in on the ground floor there were millions to be made.
Then the housing bubble.
Need I say more.
But the good news is that the market has been recovering. In fact the median home price, while it is not where it was, is well above the floor level that it had fallen too in the late 2000′s.
The Southern California Real Estate market is still an investor’s market. Instead of catering to developers it has become a landlord market. Which interestingly has allowed for lower level investors to pick up the slack of the market.
For instance buying a vacant 90 Acre lot along I-15 would have been a for sure profit in the late 90′s early 2000′s. Now if you buy it, what you see is what you get. However a 3 bedroom 2 bath home is a solid investment for the small time investor and well within his or her means now.
While the market may never look the same, there is still lots of money on the table with just new and more faces.