(1888PressRelease)
February 20, 2008 - Santa Barbara, California – With the Southern California real estate market in crisis, experienced Santa Barbara realtor Timm Delaney has hopes of keeping the market afloat through an innovative foreclosure education campaign. Specializing in listing bank-owned Santa Barbara homes and Montecito REO homes in both Santa Barbara and Ventura counties, Delaney is working with buyers in the market to help them understand the benefits of buying these often under-valued properties in an effort to spark more sales in the area.
“Most people are scared to buy a home right now given the unstable atmosphere of the market,” says Delaney. “But in all reality, now is a great time to purchase Santa Barbara real estate. Even those buyers that can‘t afford much can most likely afford one of the many foreclosed properties available in today’s market. And with each foreclosure we are able to put back in the hands of a homeowner, the better the outlook for the Santa Barbara real estate market.”
Since home prices in Santa Barbara are at record lows, Delaney believes that looking to younger investors who have been unable to afford to purchase a home in the past is an ideal way to bring more life to the market. First-time buyers as well as up-and-coming investors are able to reap the most rewards from investing in foreclosures now, when banks are highly willing to negotiate on sales price.
“The beauty of buying a home in this type of market is that buyers can afford far more then they could just a few years ago,” says Delaney. “And when you couple the savings a buyer receives from purchasing a foreclosure property with the savings achieved from the recently lowered interest rates, it’s a recipe for successful investing. There are so many foreclosed propertied available right now that banks are willing to accept most reasonable offers, which bodes very well for potential investors.”
Delaney’s campaign to help buyers understand the benefits of investing in Santa Barbara real estate and foreclosures began late last year. Since that time, he has vowed to help thousands of buyers understand how to properly invest in foreclosed properties and make the most return on their money. In an effort to reach this goal, Delaney has created a Santa Barbara foreclosures and Montecito REO homes section on his Web site. For more information, please visit www.timmdelaney.com.
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