Known as the “Southern Gateway to the Central Valley,” Bakersfield has also been dubbed “the Heart of the Golden Empire”, both nicknames attesting to the important role that this large, dynamic crossroads city plays in fostering the growth of California’s economy. Despite being at the heart of one of the fastest-growing regions in the state, however, the city has not escaped unscathed from the effects of the recent economic downturn – as can be seen in the rise in number of Bakersfield foreclosure homes during the past three or four years. The Bakersfield, CA short sale has gained in prominence as well.
Still, while Bakersfield foreclosure homes are an unfortunate sign of the times, long-term projections for the city’s growth are as positive as ever. Prospective homebuyers and investors should think of Bakersfield foreclosure homes as an investment opportunity instead, though one must, of course, remember that not all Bakersfield short sales or REO properties are deals.
As with any other investment, you must exercise caution and prudence, as well as ensure that you have all the relevant information. When investing in Bakersfield foreclosure homes, you should be patient as well as banks and lenders sometimes take a while to respond to queries or requests. This is why whether you’re new to the process or not, it’s always a good idea to work with a seasoned professional.
Realtor Bobby Moreno, one of the top Coldwell Banker Agents in all of California, has a particular expertise with foreclosures and short sales. Get in touch with him to learn more about your investment options here today.
