- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
Best Answer
- space_acer
- Contributions:4311
If this was April 1st... I would say bid and pay what the prior homeowner paid for ... LOL
But seriously. LOWBALL LIKE CRAZY an bid what homes were selling for 10 years ago (prior to the bubble) plus inflation ie 30%. Say 200K then and $260K or so today.
Research using Dqnews and zillow price history of said home or nearby home ...
BTW...
http://www.housingbubblebust.com/OFHEO/Major/SoCal.html
http://dqnews.com/Charts/Monthly-Charts/LA-Times-Charts/ZIPLAT.aspx
Bear in mind what prices were before the bubble in California circa 1997.
Disregard what prices were over the past 10 years. They will never come back again... That is the nature of Bubbles.
But seriously. LOWBALL LIKE CRAZY an bid what homes were selling for 10 years ago (prior to the bubble) plus inflation ie 30%. Say 200K then and $260K or so today.
Research using Dqnews and zillow price history of said home or nearby home ...
BTW...
http://www.housingbubblebust.com/OFHEO/Major/SoCal.html
http://dqnews.com/Charts/Monthly-Charts/LA-Times-Charts/ZIPLAT.aspx
Bear in mind what prices were before the bubble in California circa 1997.
Disregard what prices were over the past 10 years. They will never come back again... That is the nature of Bubbles.
- Pasadenan
- Contributions:21458
That question really should be asked to CountrySlide, since they were located in Pasadena, started in Pasadena, and helped create all the foreclosures across the nation. Not to mention, they needed to be foreclosed on. So they really should know how foreclosure liquidation goes in Pasadena, and how to best take advantage of lenders like CountrySlide.
- Krista Wach, "REALTORnista"
- Contributions:74
Unless the foreclosed home is specifically up for auction, you would submit an offer like on a regular sale. If you're working with an agent he/she can put together an offer for you and submit it to the bank.
How do I bid on a forcelosure in Pasadena CA
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.