Coeur d'Alene Lake Bank Repo REO Success Story!

On Labor Day I received a call from a wonderful family who wanted to look at a couple of bank repo homes for sale on Coeur d'Alene Lake.  They had decided the timing was right to purchase a vacation home on Coeur d'Alene Lake and it was my privilege to assist them in getting a great value on a stellar property.  Inventory is high and buyers are scarce.  There has NEVER been a better time than right now to be a buyer on Coeur d'Alene Lake!This has been a long distance closing, they live out of state and I am in Colorado at the moment on a working vacation with my son's family.  The call just came in that the transaction has funded and has been recorded.  We're closed! No Success Story photo with my smiling clients this time, but imagine the photo ops this summer as they park their boat outside their back door or spend time on the private Captain Kidd Association sandy beach.  Or spend evenings watching the twinkling lights at the Coeur d'Alene Resort across the bay. 

The home they chose is a charming A-frame on a peninsula with three other homes, in Kidd Island Bay.  It's a 1,938 square foot two story with an attached double garage and water frontage in front AND back!  It was last purchased in 2006 for $575,000.  It had been listed for a time as a short sale at $450,000.  When we made our offer it was a Bank repo REO on Coeur d'Alene Lake that had recently been reduced to just under $400,000.  We negotiated for a few weeks, and in the end they are getting a true SCREAMING DEAL on a stellar Coeur d'Alene Lake waterfront home for $340,000!  Congratulations Jack and Gayle! 

THIS is the best part of my job!

Click here if you would like to take a look at ALL waterfront homes for sale on Coeur d'Alene Lake.  You'll find details, photos and other information that has been uploaded by the listing agents.  This link will remain active for 30 days and will be updated daily.  Give me a call if you would like to see any of them and create your own Coeur d'alene Lake waterfront Success Story!

Click here if you would like to take a look at all Kootenai County bank repos (Called REOs for Real Estate Owned which is a line item on the banks balance sheet).  This link will also remain active for 30 days and be updated daily.  Give me a call if you would like a personal tour of REO homes in Kootenai County.  The best REO homes don't last long, so if you are sitting on the fence, it's time to hop down!