Elkhart Indiana El Paco Manor Subdivision, 2010 1st Quarter Home Sales, Baugo Township, Baugo Community Schools

El Paco Manor Subdivision 2010 1st quarter home sales consisted of 2 home that sold for $62,500t0 $81,900 after being on the market for 74 to 408 days.  These sales were both an arm's length transaction and neither was a Short Sale nor an REO Property.

REO Properties are homes that are owned by a Bank/Investor which they obtained thru the foreclosure process.

Short Sales are definded as a sale where the debt owing against a property combined with the costs associated with the sale exceed the property's market value.  In a loan default situation (pre-foreclosure) , lender(s) may be willing to agree to allow the property to be sold for less than the loan amount and/or accept less than (or "short") the amount owed, and may or many not accept the net proceeds of sale as payment in full of the debt. 

Most homeowners like knowing what kind of real estate activity is going on in their neighborhood.  Evelyn Johnston with Prudential One Realty has some unique tools that allow her to provide very detailed information regarding what home buyers are looking for.  If you would like statistics regarding what kind of Internet exposure and buyer traffic your home would have if you listed it with Evelyn and Prudential One Realty, give her a call at 574-304-7148.  The Neighborhood Activity Report also shows you what new listings have been added in your area and what listings have experienced status and price changes.  Call Evelyn today at 574-304-7148 to see what your home's value is in todays Real Estate Market.