In these days of economic depression banks have foreclosed on many homes which are up for sale, often at a substantially reduced cost. Dale Warfel, a licensed realtor in the State of California, takes you through the process on his website. Visit it at http://dalewarfel.com/ and learn more. Among his activities as an agent in buying and selling real-estate, Dale also represents potential buyers of foreclosed homes in the San Jose area which is his home turf. His territory covers the area from San Mateo in the north to Monterey in the south with Santa Cruz, Santa Clara, San Beneto included. Dale Warfel maintains that the position has been vastly exaggerated by infomercials that entice viewers into believing that there is a fortune to be made in buying a foreclosed property. Dale however agrees that such a purchase can result in a substantial saving but he cautions his clients about the pitfalls that are never mentioned. Firstly, the laws governing purchase of foreclosed property varies from state to state. With his vast experience and qualifications, Dale is conversant with

the laws applicable in California and guides his clients interested in a foreclosure purchase through the complex legal maze. Dale is also aware of prevailing prices of similar homes in a neighborhood so as to be able to advise his client of a fair price at which to settle. Clients are often unaware that a foreclosed home might require substantial repairs, the cost of which should be factored into the price when making an offer. In fact in certain cases where foreclosed properties are put up for property auction, a potential bidder is unable to inspect the property in advance. More than anything, banks often have a very brief contingency period, which means the prospective buyer’s realtor has to be on top of the situation at all times.

San Jose has an abundance of neighborhoods each with a unique personality and character. Dale’s website has a fountain of information about the various neighborhoods with details of their locations and local facilities. You can use Dale’s free multiple listing service to get updated details of foreclosures in these various neighborhoods that might be suitable for you. The hot list available to you has comprehensive details of Bank-owned homes, distressed properties and foreclosed homes.

The testimonials on Dale’s website substantiate his reputation as a real estate agent abreast of the market and its intricacies. Satisfied clients make mention of Dale’s dogged tenacity and how he has seen a purchase through until the bitter end, no matter how long it takes. One distinct advantage Dale possesses is his technical background. In addition, he has recently been certified by the National Institute of Webogrpaphers which places him in an elite group of real-estate professionals.

Dale Warfel is always ready to advise and is easily reachable on (408) 624-6202 or you could email him at dale@dalewarfel.com, or visit his website at http://www.dalewarfel.com