A lot of our business comes from parties who have a need to sell there house quickly. These include those who owe more on their home than they’re worth, some who are being foreclosed upon, and others who have a home needing many repairs. Because we have cash to buy and the ability to purchase quickly, buyers come to us. We do our best to meet their need to sell.
There’s an interesting article at the California Association of Realtors website showing the the number of homes, in Fresno County, that have sold in September 2013 are down from the previous month and significantly so for year-to-date. That would make sense, values are going up, thus fewer people have to sell for less than they owe…..that’s good!