Is the Bottom here for Southern Oregon Real Estate?
By c21jcjones
Lots of short sales and foreclosures out there. Buyers of these have to be patient (as much as 4 months), but can get a good buy. Warning: do your homework; these properties are sold as is. Banks are allowing short sales rather than foreclose, but are beginning to counter back on low offers, where last fall they often took first offers. That may be a sign we are near the bottom and things will level off. Sales of homes will pick up this summer with the $8000 tax credit and low interest rates.
Is the Bottom here for Southern Oregon Real Estate?
By c21jcjonesLots of short sales and foreclosures out there. Buyers of these have to be patient (as much as 4 months), but can get a good buy. Warning: do your homework; these properties are sold as is. Banks are allowing short sales rather than foreclose, but are beginning to counter back on low offers, where last fall they often took first offers. That may be a sign we are near the bottom and things will level off. Sales of homes will pick up this summer with the $8000 tax credit and low interest rates.
Tags: Foreclosures
This entry was posted on March 11, 2009 at 9:58 pm and is filed under Grants Pass Real Estate, Homes for sale in Oregon, Klamath Falls Real Estate, Oregon Living, Oregon Real Estate, Real Estate comments, Short Sales, Southern Oregon Foreclosures, Southern Oregon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.