Help!!!! First time home buyer in Cali

[livwire68]

Originally Posted by MikeyC

Every market is a little different. Some have suffered much more of a collapse than others and this will even vary from town to town in the same state. Buying a foreclosed property can certainly save you some money, but the buyer takes on additional risk that they don't during a "normal" transaction. Also, DEFINITELY stay away from short sales. With a short sale, you'll be lucky if you can close on the home a year after you make the offer. Also, like in a foreclosure situation you take on additional risk.

Typically "AS IS, WHERE IS!" you can still get a home inspection to make a determination. Ours was 2 years old and I am in the construction business, so I was confindant in our decision. We did not get a home inspection, I did it myself and in the contract I also added an insurance for any home problems for the next year, which they agreed to being their cost. The best thing to do is get to know a relator (if not satisfied, get another) and they will be your guidiance through it all. And yea I worked 2 realtors, its not about their happiness its about yours!!!!!!!!!!!!