Are banks 'hoarding foreclosures'? in Pensacola, Pace and Gulf Breeze

Are banks 'hoarding foreclosures'? Probably, but they are losing money at record amounts here in Pensacola, Pace and Gulf Breeze.

 

We have 4 brokers here that handle 73% of all foreclosures and while they put them in the MLS most if not all have been sold already to there investors. While agents complain banks, the government and the tax pay loses big time. I made offers on behalf of 4 different buyers on 19 different properties since January at higher prices than the recorded sale. How does this happen?

 

Some agents think homes sit empty as banks wait for selling prices to increase. Banks say the process just takes time. Read more.

Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas, Miami and Tampa. But some housing experts worry that the lift in prices may be temporary due to banks “hoarding foreclosures.”

Would you like information on buying or selling Foreclosures / Short sales CLICK HERE or Search All Pensacola, Pace and Gulf Breeze Area MLS Listings CLICK HERE for Rentals and Homes For Sale.

Sellers Flat Fee of $2995 when one of our agents sells your home or if you want MLS (where you home is available for all Real Estate Agents to sell) then the best program TODAY is $1495 to us +3 % offered to Buyers Agent for bringing the buyer.  When you understand how agents work you will clearly see why we sell 94% of our homes at or above asking price and why REAL ESTATE AGENTS would rather sell our homes than anyone else’s. The Real Estate Agent gets paid more and the seller saves over 63% on average.

Property Management for $50 Flat fee monthly

THOUSANDS OF HOMES.... One Address www.charlesstallions.com

Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414

Charles is a Real Estate Investor of 25 years, a Real Estate Broker for 15 years while holding several degrees in management, an expert in the buying and selling of real estate. Whether you’re buying your first home, second home, vacation home, investing in rentals, a kiddie condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right and make the right decisions for YOU. For over the phone evaluation and NO Obligation CALL NOW! you have OPTIONS, we have FACTS, let’s TALK

 

Charles Stallions is your complete source for all Pensacola FL real estate and local events and information.  Charles Stallions Broker Office Phone: 850-478-8811 Office Fax: 850-332-6838 Email: charles@charlesstallions.com View Listings