real estate

We took a day trip to Temecula this Sunday.

First we met up with our friends Tom & Helen to look at some bank REO listings. According to an agent we spoke to, the REO listings under $200K are getting lots of bids. There are investors who fix up and flip the homes quickly, as well as those who rent them out while waiting to sell in a few years for profit.

We also checked out new homes for sale just for comparison. Here’s a video of us touring a model home priced in the $275K-$300K (before upgrades).

Later that day, we met up with Amber’s parents who are buying a new home in Winchester. We had dinner together with Amber’s parents and relatives in the area and made it back to Long Beach in good time (< 1.5 hr. drive).

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