There is still interest in this segment of the market, but the inventory is really shrinking. We don't get the number of bank owned/foreclosure home listings in this area like we did in years past.
Two new listings have come on the market in the last month. Already one of them is under contract. - At this time there are two active listings and two that are pending a sale. List prices start off at $129,900 and go up to $195,000. The average list price is $172,475.
- Compare this information to last month's real estate market report on foreclosures.
- Foreclosure homes for sale in Cedaredge, CO.
Even though we are seeing fewer of these homes, that doesn't mean there aren't opportunities available for buyers that are ready to purchase. To be ready a buyer must have cash available OR have already talked to a lender and been pre approved for a loan. Offers without a pre approval letter won't be considered by the sellers.
Next you need to find an agent that will help you through the process of buying a bank owned home. I'm an REO Specialist and I can help you find the right home and through the paperwork.
For more information and to be notified when new bank owned listings come on the market...contact me.
I look forward to hearing from you.
I've lived on Colorado's Western Slope for over 26 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 information comes from CREN (Colorado Real Estate Network). This information is intended to show market trends. Not all properties are listed or sold by the agent writing this report.
Comments (27)Subscribe to CommentsComment