Foreclosure Fun

By
Real Estate Agent with Weichert Realtors, The 505 Group

Forclosures are fun, or I thought they were when I watched all of the other Realtors in town listed them and I thought to myself. How nice, No anxious seller waiting everyday with baited breath for a buyer for their home. A nice detachment that left you to do your business, how nice. Not So!

Think anxious seller x 5 (asset manager, pre closer, title, attorney, bank)/previous owner of the property = 1 crazy Real Estate Agent.

Its not all bad, besides the Monthly Status reports, and BPO's every few months if it doesnt sell, and I did sell the forclosure that I had listed in Portales. Yay.

It is just a headache to find out who needs what when and who do I ask. BUt I am making good contacts and learning that email is my friend.

Market Stats!

14 Homes went under contract in the last 7 days in Clovis. ($1,931,995 total) Median price of $150,000.

8 of those were in the Northeast part of town.

24 new residential listings last week.

The one I am going to have to take a look at? 305 S Wheaton. 3088 Sq Ft on 1 acre, with a basement for $134,900? Even for a Repo that sounds a little off so I will have to go take a look. All the listing says is large home with lots of potential. It may need some elbow grease.

I just got done staging 1612 Avondale and created the virtual tour. It is a great house. Take a look at www.505realtors.com or www.katharinefly.com

Have a good week!

 

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Katharine Fly

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