Wednesday, July 22, 2009

New Bank Owned Property in Gilroy

750 Carla Way
What a great price - $289,900 for a spacious 2 story home with 1924 square feet, 4 bedrooms, 2 1/2 baths and located on a spacious lot with 7200 square feet. Home is older, 44 years old and needs some tlc but has potential. Has some of the charm of an older home with hardwood floors inside and covered patio outside. Located over by the Las Animas Park, this bank owned property should move quickly.
My 2 cents - Be aware that banks often add their own contract to the transaction which puts some of the terms in their favor and goes back to the era of 'buyer beware'. Often this means contingencies are removed automatically and any extension of close of escrow ends up costing the buyer. Read the fine print!

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