When you're looking to purchase a bank-owned property, there are many things you'll want to know: How much you should offer, what costs will the bank pay, what to do if there are multiple offers, how much of a deposit should you put down, what kind of response should you expect from the bank, what paperwork is involved, etc, etc, etc.
Navigating the bank-owned segment of the real estate market in the Lake Arrowhead, Crestline and Running Springs areas can be tricky, but there are successful strategies that can be employed to greatly increase your odds of securing a home (even in multiple offer scenarios).
Call us at 909.336.7971 or email us at: info@GregSteffens.com to discuss our proven methods of obtaining REO properties in a fast-paced, competitive and aggressive buyer's market. About 70% of our closed transactions in 2009 were representing buyers of bank-owned homes!
For the most up-to-date posting of this information, visit our website at: www.GregSteffens.com, or simply subscribe to this blog to receive updates automatically.
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Lake Arrowhead (& Surrounding Communities) |
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PRICE |
ADDRESS |
BR/BA/BLT |
LIST |
LISTED BY |
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ARROWHEAD VILLAS |
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| $79,900 | 859 Poe | 2/1.5/1975 | 03/11/10 | Sotheby's International | |
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$92,900 | 556 W. Victoria | 2/2/1979 | 03/11/10 | Prudential Lk Arrowhead |
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R |
$112,000 | 635 Oakmont | 2/1.75/1980 | 03/22/10 | Coldwell Banker Sky Ridge |
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ARROWHEAD WOODS |
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| $224,900 | 119 Hwy 173 | 3/2/1981 | 03/26/10 | Cozy Cabins Realty | |
| $236,610 | 422 Klamath | 3/3/1971 | 04/16/10 | Mountain Cabin R.E. | |
| $294,600 | 239 Fairway | 4/3/1979 | 06/01/10 | Capre | |
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R |
$299,900 | 1054 Sandalwood | 4/4/1984 | 05/17/10 | ERA Bruin Trojan |
| $379,900 | 29071 Lassen | 4/2/1985 | 06/22/10 | Coldwell Banker Sky Ridge | |
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$397,025 | 1212 Yosemite | 4/3.5/1993 | 06/16/10 | |
| TWIN PEAKS | |||||
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N |
$64,500 |
336 Cedarbrook |
2/1/1983 |
07/21/10 |
Sotheby's |
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$82,900 |
26205 Lake Forest | 1/1/1928 | 06/21/10 | ReMax Advantage |
| $92,900 | 26646 Lake Forest | 3/1.5/1978 | 06/18/10 | ||
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$114,000 |
410 Iris |
3/2/1984 |
02/03/10 |
Blackstone Realty |
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R |
$189,000 |
875 Sierra Vista |
4/3/1981 |
06/18/10 |
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| N = New Listing | R = Price Reduction | B = Back on Market |
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*Figures taken from the Rim O' the World Multiple Listing Service and are deemed reliable, but not guaranteed. |
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