REO, Bank Owned, Foreclosure Houses For Sale Delta Colorado

REO, Bank Owned, Foreclosure Houses For Sale Delta Colorado. This market report was completed on May 19th, 2014. The foreclosure inventory in Delta and the surrounding area is shrinking. In 2013, the number of completed foreclosures dropped 13% in 2013 compared to 2012. Here's a look at the 2013 REO, bank owned, foreclosure market for Delta. It looks like the trend may be continuing this year as well. 

The good news for the market is that we are losing the lower end fixer upper bank owned inventory. Investor buyers have to be ready to purchase when these properties do come on the market and I imagine competition will be heavy. 

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Here's a look at the current inventory for Delta, CO.

• Under $100,000...one listing. 
• $100,000 to $200,000...There are six listings. These listing include some new construction that was taken back from the developer by the bank. 
• The new construction is currently priced between $155,000 and $158,900. These properties are a wonderful opportunity for some buyers. 
• The average list price is $127,450.
• The median list price is $143,500.
• Compare the May 2014 REO, bank owned, foreclosure houses for sale in Delta Colorado to the distressed market in  March. 

The inventory is constantly changing. Contact me for the most up to date information. 

House sizes and styles vary quite a bit. Lot sizes range from a typical lot in town to acreage parcels. There are older and newer homes and some new construction. As you can see houses are affordable and there's something for everyone.

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 foreclosure, 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.