Answers by Jared Labarga

Hi Trudie. I would suggest talking with a local licensed REALTOR. Here in California, someone can buy a home that is at auction due to foreclosure or they can purchase it once the bank takes official ownership. I have many years of REO experience, in the past banks have hired local REALTORs to list the homes and sell them as if it was a traditional sale. Some banks will have formal appraisals done to determine the value or they will ask for a BPO (broker price opinion) to determine the value. More times than not, the home is sold nearish market value. There is always a chance for a "deal" though! Hope that helps!

Hi Trudie. You can absolutely make a cash offer on a property. Depending on your local market, a seller may be willing to negotiate on the price. I would highly recommend you talk with a local licensed REALTOR for the best advice.

Hi Noah. I highly recommend you speaking with a licensed lender. They can guide you on the needed down payments for different loan programs. Buying in other states MAY require higher down payment as the lender might deem the purchase as an investment purchase.

Hi Charity. Most buyers would be shocked at the little money needed for a down payment. There are also down payment assistance programs that can help with your down payment & closing costs. Talking with a great local lender can help elaborate on the different programs available to you. Should you need a reference feel free to reach out. 707-592-9002.