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Foreclosures & Short Sales

Real Estate in Westlake Village, Agoura Hills, Thousand Oaks, Calabasas

Many homeowners have fallen on hard times in recent years – an unfortunate reality that may open a door for buyers looking for reasonably priced homes. Sadly, “distressed” properties – meaning foreclosures and short sales – are increasingly common, and experts say they tend to sell for about 30 percent less than conventionally sold, or “non-distressed,” homes.

California has one of the highest average foreclosure rates in the nations: about 13 percent, while the national average is one percent. Some potential home buyers in Los Angeles and Ventura Counties have been able to use this statistic to their advantage, purchasing homes for much then than their market price. There can be some drawbacks – for example, not all foreclosed homes are in good condition. Some have been damaged by neglect or shut-off utilities. Others, however, are in pristine shape. It all depends on the individual property. In addition, some short sale transactions can last several months. If you’re aware of these factors however, and have the patience and savvy to navigate distressed sales, you may be able to find a fantastic deal on a piece of real estate in Los Angeles or Ventura County.

Looking for a home in the Conejo Valley?

Are you in the market for a reasonably priced first home or investment property in Westlake Village, Agoura Hills, Thousand Oaks, Newbury Park, Calabasas, or Oak Park? Call Lydia Gable today to learn more about the possibility of purchasing a distressed home. She can help guide you through the process and show you promising listings in the area that may fit your needs. A top Realtor® in LA and Ventura Counties, Lydia is Quality Service Certified as 1 of only 5 agents who have achieved 100 percent client satisfaction according to a third-party survey for the past 3 years in a row. Her reputation as a hardworking, determined, aggressive, and personable real estate agent go before her.Call our team today to find out more about how Lydia Gable Realty Group can help you!

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