Introduction to Distressed Properties 101

This week I am embarking on a distressed property blog o thon! Why you ask?

The main reason is this very statistic from WVMLS (Willamette Valley Multiple Listing Service). 49% of homes SOLD in our market in the first quarter of this year were distressed properties. There are 2.2m homes in Foreclosure in the US as of Jan 2011 and the amount of shadow inventory (the inventory lenders have that they haven’t released to the market) is not shrinking. So distressed properties are going to be here for a long while..

The opportunity in our market place right now is one that we probably won’t see again for years to come. Low prices / tons of inventory to choose from / incredibly low-interest rates this all adds up to a perfect storm for a Buyer. If you choose to get in to the distressed property world there is a lot of things that you will need to know and you really should work with a real estate agent that has been through all types of distressed property sales and after that… Hold On!

It is going to be a crazy ride… If you need more information we would be happy to sit down and discuss your situation, your needs and wants and see if this direction is good for you. If you’re in the situation of not knowing you’re options as a seller we would be happy to help you navigate that as well.

There may be more options for you than you know. The worst thing to do is not to ask for help. Hope you find some or all of the information that will be coming out over the next few weeks helpful and please feel free to hit the RSS button so you can get our blog directly to your favorite reader! RSS

Here is a great place to search and find everything from Notice of Foreclosure to REO (Bank Owned Properties) – Click Here to Find Salem Area Distressed Properties

Any questions please feel free to give us a call today at 503.945.0234 direct to our office.

Distressed Property Series

Starting Monday May 2nd I will embark on a 6 weeks training seminar. It will show you everything you need to know about buying or selling a distressed property.

Any questions give me call at 503.881.2313!!!