Home for Sale at 35777 Rd 606, Raymond, CA 93653

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35777 Rd 606
Raymond, CA 93653

Patricia Herr with Bass Lake Realty Inc., original listing - (559) 642-3610

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Property Details

List Price:	$489,900
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1922 Square Feet
Agency:	Bass Lake Realty Inc.
Agency Phone:	(559) 642-3610

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Description/Comments

Lot Size:	2 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2006
Notes:	This exceptionally clean Western Home is located in Raymond, California. Upgrades of beautiful granite for the kitchen and bathroom countertops and tile throughout most this home contribute to its charm and beauty. The main bathroom has a stylish claw foot tub and a separate oversized, granite shower enclosure with a matching double sink vanity countertop. The house has been beautifully landscaped and meticulously cared for, with a selection of trees and flowering bushes that bring vibrant colors to the yard through various seasons. Step inside the spacious, open-concept home and you'll immediately feel the vast expanse of the kitchen, dining area and living room with plenty of room for your furnishings. A large pantry in the kitchen offers ample storage for all your essential meal items. A reverse osmosis system was recently installed under the kitchen sink. Upon entering the main bedroom, you'll discover a huge walk-in closet with plenty of space for your wardrobe. The property also includes two storage sheds, as well as a pergola and covered patio in the backyard. There is even a large, fenced yard for your pets, with plenty of space for them to run and play. There is also a fully fenced pasture for a horse or two. Raymond is situated in the foothills north of Madera and Fresno, making it an easy commute to the valley for work. After a busy day, you can head back up the hill to unwind in this small-town community. The local elementary school is located less than two miles
MlsNumber:	--
ListingId:	622379

Listing Provided By:	Bass Lake Realty Inc., original listing
Phone:	760-8141
Office Phone:	(559) 642-3610
Agent Name:	Patricia Herr
Disclaimer:	Copyright © 2024 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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