If you have been house hunting recently for foreclosed bargains, chances are you have probably had competition. Everyone is coming out of the woodworks in invest in real estate that is going for a bargain price.
However, if you have the right credit score, a pre-qualification letter and downpayment in the bank, you will definitely be considered a serious buyer. And, the truth is this IS the right time to invest in real estate for a first time or a seasoned buyer.
A popular choice is condos and townhomes in California. Despite HOA and Mello Roos, they are still very popular with yuppie couples, small families and for 'renting' income. Another reason for the growing popularity of these California condos is the price. It is so much more affordable then buying a single detached home in California, even when you count the HOA.
Still, it is always advisable to do your own research and gain some knowledge by checking out blogs, talking to realters and those who are buying or selling condos before making a decision.
Many real estate consultants help people make the home buying process easy. The sales consultants can help you select the perfect condominium in California. They can assist with the interior finishes, assist you in finding a lender, and walk you through the mortgage approval process. In fact, the investor is shown the condos 'online' and once shortlisted, they can be shown the property and subsequently all the documents and legal papers.
Owning a good California condos home has many advantages. Community facilities like spa, gymnasium and swimming pool are usually included as part of the package. Some condo community even offer a Movie Theatre, DVD library, yoga and aerobic classes and kids storytelling. With the luxury upgrades, you get the luxury of staying in a resort like apartment, which normally is not affordable for many. Some offer a private children's park and play area. California condos also offer a feeling of community living. For many, buying a condominium is a great way to transition from renting to owning