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Warren County Ohio Foreclosure Update: Sheriff's Sales through 11/2/2015

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Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

Warren County Ohio Foreclosure Update: Sheriff's Sales through 11/2/2015

Fall is DEFINTELY here today, both by calendar and temperature!  Usually this means a slow down in the local market, and as far as foreclosures and short sales we're seeing a mixed message:  The number being scheduled has increased and the trend line has shifted from declining to increasing.  However, those numbers are NOT yet being reflected based on the numbers of foreclosures and short sales for sale and sold in the last month.  Stick with us for more details!   At the end links to search for Warren County foreclosed homes for sale and Warren County short sales for sale.

We'll start with the trend chart of Sheriff's Sales scheduled with this revision including THREE additional weeks of sales and two weeks of no sales scheduled.   The ORANGE DIAGONAL line one the chart is the trend line and it's shifted from neutral to increasing.

Warren County Ohio Foreclosures

934 Kerns Drive Lebanon Ohio short sale home sold

Homes scheduled for foreclosure include a variety of sources:  builders, "regular" home owners, tax liens, estates, etc.   And some homes scheduled for foreclosure WILL have the sheriff's auction canceled, either due to catching up on payments, a loan modification or the owner sells their home prior and uses the proceeds to get right with the bank (e.g. adequate equity or a short sale arrangement).

If you want details on exactly what homes are scheduled for foreclosure, click Warren County's Sheriff's Foreclosures to access the official list from the Warren County Sheriff's website and learn how to make an offer on a foreclosed home.

Below is a summary of the recent foreclosure trends.  Note in the Net row for the first table, Red font is a trend we see as negative, Green as positive, Black as neutral.   

Warren County Ohio Distressed Real estate sales

Warren County Ohio Foreclosure information

 

Summary of Warren County Ohio Foreclosure and Short Sale Information:


The good news is the number of foreclosures and short sales available shrunk, as did the numbers actually sold.  The percentage of the market also dropped.  Of course this isn't great if you ONLY want that type of home, but good for the overall market stability.

 

What does this mean to you as a Warren County home seller?

No change from past advice.  If you're motivated to sell, the distressed home inventory is negligible.  "Regular" inventory is down a bit, distressed homes up slightly.  Bottom line, there's not much standing in your way except the usual seasonal slow down.  Homes will STILL sell and foreclosures are not going to impact you.  (or less!).  Newer and/or updated homes have an edge in this market if they're priced and marketed properly.
 
Only rarely will foreclosures and short sales impact your ability to find a buyer.  Just call us to set an appointment if you'd like to know about the marketability and value of your home!

 

What does this mean to you as a Warren County home buyer?
You won't have a large selection if foreclosures and short sales are your preferred home target.  With just 34 for sale for the ENTIRE county, it continues to be a challenge to find a foreclosure home.

Be aware that you're competing with other buyers AND investors for these homes.  And investors are often CASH buyers, so your financing contingent offer may be less competitive to the sellers.  However, some foreclosed properties have an initial period reserved for owner/occupants before being opened up to investors, so don't miss that window of opportunity!

 

CLICK:  VIEW WARREN COUNTY OHIO SHORT SALE HOMES IN CINCINNATI MLS for short sale Warren County Ohio homes listed 10/3/15.  Link is good for 30 days.

 

 CLICK:  VIEW WARREN COUNTY OHIO FORECLOSED HOMES FOR SALE IN CINCINNATI MLS for foreclosed Warren County Ohio homes listed 10/3/15.  Link is good for 30 days.

 

DISCLAIMER: There may be additional homes offered for sale in ONLY the Dayton MLS that might include additional foreclosed homes and short sale candidates. When working with buyers for Warren County, we use BOTH Cincinnati and Dayton MLS to ensure our buyers have visibility to ALL MLS listed homes.

If you have questions regarding these sales, or other real estate related questions, please don't hesitate to contact us!

Serving Your Warren County Residential Real Estate Needs,
Bill & Liz aka BLiz

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Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747

William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

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Comments(4)

Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Hi BLIZ! Your foreclosure report for Warrren County Ohio is a great service to locals.

Oct 03, 2015 10:08 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

There isn't much of selection of them for buyers left in our market either.  Those flip buyers who were buying and flipping the trashed ones are basically out of luck at this point.

Oct 03, 2015 10:33 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

We have more requests for this type of property than we have properties available.  You've provided a ton of information! 

Oct 04, 2015 03:47 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Sybil, We know it's a topic that interests a segment of our market, so here we are with our monthly update!

Tammy, Getting skimpy here too, and I don't consider that a really bad thing.

Judi, Similar here, just not that many to be purchased.

Oct 04, 2015 09:00 AM