San Diego Foreclosure Friday - Volume 6

TGIF! It's time for another San Diego Foreclosure Friday! And this time I'm actually making it in time for Friday.

For the first time on SDFF I have an update on a sale of a property that I posted here a couple of weeks ago, so you'll get to see what this downtown condo sold for. Don't worry, I'll also be posting another property that sold this week that you haven't seen before. It's a great ocean view foreclosure property in Ocean Beach. And, of course, I'll have a new foreclosure listing that just hit the market yesterday to share as well. It's a cute house in Talmadge for under $400,000, just waiting for someone to come in and spruce it up!

Do you remember this downtown San Diego foreclosure listing from a couple of weeks ago? Well, it's sold (these foreclosures go quick!), and you'll be one of the first to get the info!

SOLD $475,000 Cash (4/9/2009)

LISTED AT $444,900

PREVIOUSLY SOLD $810,000 (3/3/2006)

This 1295 square-foot 2 bedroom, 2 1/2 bath condo in the Renaissance building sold for cash above the asking price**. You will enjoy bay and city views from this 10Th floor corner unit, that comes complete with granite counters and stainless steel appliances in the kitchen, marble trim in the bathrooms, and 2 underground parking spaces.

**Tip For Buying San Diego Foreclosures: You'll notice that this condo sold above the asking price. This is common with foreclosure properties. Many times banks will price them low to try to stimulate multiple offers and sell them quickly. It's a good idea to work with a San Diego Realtor who has experience buying foreclosure properties. If a foreclosure is new to the market it's a good idea to have your Realtor speak to the listing agent to see if there are multiple offers, which there usually are. If that's the case, you want to take a close look at the most recent sales in the area (especially the foreclosure sales) and write accordingly. You won't be putting out any "low-ball" offers on foreclosures. They are already priced to go, and believe me, most of them go very quickly!

SOLD $1,031,000 (4/8/2009)

PREVIOUSLY SOLD $1,695,500(3/9/2005)

Spectacular ocean views from this private Ocean Beach retreat! This 3 bedroom, 3 bath, 2,025 square-foot home sits on a large 1/3 acre lot and has an abundance of windows to provide views from almost every room.

CURRENTLY AVAILABLE $396,000

PREVIOUSLY SOLD $750,000(7/16/2007)

This classic Talmadge home on a quite street is perfect for the first-time home buyer! 3 bedrooms, 2 baths, 1389 square-feet, with hardwood floors, a fireplace, and a detached 2 car garage...and the best part, it's under $400,000!

If you would like more info on either one of these listings, other foreclosure properties throughout the San Diego area, or general information about buying foreclosure properties, please check out my website page on buying San Diego foreclosures. You can easily contact me from the form on the bottom of that page, or via email at Michael@NeelyBarrow.com.

You can also check out my website to search all the homes for sale in San Diego.

Be sure to check back again next week for another San Diego Foreclosure Friday!