A Lighter Load: Lower Prices, Interest Rates Good for Buyers
I had lunch with a friend yesterday who has been thinking about buying a property in the North Park, Hillcrest, Ocean Beach area and asked my opinion about whether or not I thought interest rates would come down. He also remarked that he thought there were some good buys on real estate right now. In terms of interest rates, I think they may come down a little but honestly I wouldn’t wait to buy on that alone. Interest rates are already good great and if you’re buying with the intent to hold, potential incremental reductions in interest rates probably won’t make a huge difference in the long run. I definitely agree with his observation that there are great buys on the market. Granted, some sellers are still holding strong when it comes to reducing their asking prices, but that hasn’t deterred others who are anxious to sell, even at a loss. So, for my friends everywhere (including you), here are some fantastic deals that have caught my eye.
- 1926 Spanish Style Single Family Home
- Two Beds, 1 Bath
- Asking $320,000 ($494 per square foot)
- Short Sale
- 1927 Single Family Home
- Two Beds, 1 Bath
- Asking $236,900 ($346 per square foot)
- Zestimate $340,500
- Seller Incentives
- Bank Owned Foreclosure
- 1950 Single Family Home
- Two Beds, One Bath
- Asking $189,900 ($243 per square foot)
- Zestimate $358,000
- Trustee Sale
If you liked this post you might also enjoy:
Hot Deals and Downright Steals (You’re Gonna Get Busted!)
If the Road to Italy is Paved with Spaghetti, What Leads to Hillcrest?
Bonus link: http://producten.hema.nl. Don’t scroll down, just watch.
