subject: Stockton Foreclosures Are A Great Bargain In The Bay Area [print this page] Real estate professionals have long considered Stockton foreclosures to be a great bargain. Investors enjoy the fact that Stockton, California has consistently enjoyed a tight rental market, with occupancy rates in the mid and high 90th percentiles in most years. This has meant that Stockton foreclosures can easily be rented for a good profit. As well, Stockton sees good, moderate economic growth and building projects in most years, as many people move from the high-priced homes of the Bay Area to the more affordable homes in Stockton.
In fact, Stockton is a great alternative to the inflated real estate costs of the Bay Area. Stockton is close enough to the Bay Area to allow homeowners to take advantage of all that the Bay Area has to offer. However, Stockton real estate offers better bargain. Of course, the Stockton REO homes, government homes, and other distressed properties offer even more value and savings than the traditional real estate market.
In addition to savings and value, Stockton distressed homes are also a good investment because the city offers many systems of support and help for property owners in the area. The City of Stockton Revitalization Department Housing Division, for example, supports green and sustainable building in the area and offers housing programs, including a Down Payment Assistance Program, Emergency Repair Program, Housing Rehabilitation Program, Neighborhood Improvement Funds, Neighborhood Stabilization Program, and a Housing Reconstruct Program. If you are interested in buying Stockton foreclosures, these programs can help you improve your home and community and get more value for your property.
