May 2015 Foreclosure Bank Owned Property For Sale Delta, CO
Countywide the number of bank owned properties is falling. Although there is still an active inventory of foreclosure homes available in Delta. There is a good mix of property available at very affordable prices.
This market report covers all of the property in the 81416 zip code. At this time there is only one bank owned property out of town.
Here's a look at what's available:
- There are 5 active listings.
- Prices range from $134,330 to $164,900.
- The average listed price is $151,306.
- Two of these homes are brand new and listed at $155,000.
- There are six listings under contract at this time.
- Three bank owned homes have sold in the last month. These covered a wide range of prices and condition.
The inventory changes all the time. New listings come on the market and properties get sold. To stay current with what's happening in this segment of the market, I can sign you up for email notifications. This means that you will get an email when a new bank owned listing comes on the market.
When buying a bank owned property, remember there is extra paperwork involved. The banks all want a pre approval letter from the buyer's lender before they will even look at an offer. So it's best to talk with a lender first before you start looking at buying a foreclosure house. The time it takes you to get that letter to submit your offer, could cost you the home you really want. With the bank owned, foreclosure inventory in Delta, CO going down...competition is going to be steep. Call me for more information on how you can get in a position to take advantage of a foreclosure deal.
I've lived on Colorado's Western Slope for over 24 years. I love this area and all it has to offer, and I enjoy sharing what I know about my home. As a REALTOR®, I also love to share my expertise in this area as well. If you need any real estate information for Montrose County, or Delta County, Colorado...please give me a call.
**This listing information is from CREN (Colorado Real Estate Network). All properties are not necessarily listed, or sold, by the author of this article. This information is intended to show trends in the area and comes from the local MLS.
***The house pictured is a foreclosure I have listed in Delta County.
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