San Diego Foreclosures Help Marines, Sailors Find Home Bargains
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Published: Monday, March 16, 2009
San Diego has long been known as a military community, with the Marine Corps Recruit Depot downtown, the Navy at Miramar and along the harbor, and Camp Pendleton in Oceanside. Some of these brave men and women are stationed in the area for years at a time, and come to love their adopted hometown. Unfortunately, the exuberant San Diego real estate market has prohibited many of these loyal Marines and Sailors from buying locally and our military families have been relegated to the ranks of renters. Until now, that is!
San Diego Bank Homes are Perfect for Military Buyers
With home prices down almost 50% in many of the most sought after military neighborhoods, now is the perfect time for military buyers to look at San Diego County foreclosures. Particularly in the areas that surround the military installations, military buyers can find San Diego bank owned homes that exceed their expectations. For example, a 2,500 square foot home near Miramar would have sold for nearly $500,000 a few years ago. Today buyers can find beautiful Rancho Bernardo foreclosures, Escondido bank homes or Mira Mesa foreclosures as large as 3,000 square feet for as low as $240,000. Areas surrounding Camp Pendleton were financially untouchable for most Marines as recently as last year. Today however you can purchase 3 bedroom, 2 bath Oceanside foreclosures for around $200,000. Larger Oceanside bank homes, once reserved for high ranking officers or executives, can be found for under $300,000!
Lower Priced San Diego Foreclosures Give Buyers Piece of Mind
Military buyers face additional concerns when deciding to purchase close to the base. First, buyers want to make sure the payments are manageable considering housing allowances rarely keep up with area home prices. Second, knowing that there are other military families close by provides some comfort to the deployed military member. Finally, should the unthinkable happen, will insurance and benefits allow the non-military spouse to remain in their home. Fortunately, the current San Diego real estate market alleviates many of these concerns and now is the time for military buyers to make the jump from renter to home owner.
Record low prices on San Diego bank homes offer piece of mind because for the first time in many years, homes are affordable for most military buyers. Young families needing more room can find beautiful San Diego foreclosures with large yards, multiple bedrooms and convenient access to the best schools and nicest playgrounds. Marines and sailors don't have to choose between quality neighborhoods and affordable housing for their families, worrying that the best they could afford is not good enough during long overseas deployments. By combining these affordable prices with today's low interest rates, military buyers can feel good about their housing options and their families while they are away. There are beautiful, low-priced San Diego foreclosure listings in every community, including those most sought after by members of the military.
Don't wait until all the best deals are gone. Contact Richard Elias today at 1-800-474-1919 for a personalized showing of the best San Diego foreclosures and help finding the bank owned bargain that is right for you.
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About this Page: Military buyers are flocking to San Diego bank homes. Richard Elias explains how this steady group of qualified buyers can cash in on buying close to the base.
San Diego Foreclosures Help Marines, Sailors Find Home Bargains
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