Subscribe to Answers
We dont sell these, but we do buy them.
Stevens Point, WI
I dont sell those, I only invest in them.
Stevens Point, WI
Actual sales that go to closing? Practically none.
Inventory of properties we've listed? Nearly half.
For last 2-3 years, min a half of my business. I work with short sale sellers, investors and regular buyers who buy distressed properties( SS, REOs, fixers). I hope, one day to get into REOs listing assistance.
Robert - Fortunately we have very few foreclosures, short sales, and bank owned properties these days. I try to avoid all of them like the plague. They typically have a lot more issues than a regular resale, and aren't always what they are cracked up to be.
None of them. Actually, I there was a foreclosure moratorium in DC during the really rough time, and the market never did get all that terrible here.
About ten percent of my sales and none of my listings are any of those.
I had a few of each, mostly foreclosure, but they have mostly dried up over the last year.
Not many any more, and that's a good thing.
about 5% this year. The last few years it was certainly a higher %, one year as high as 60% of them.
1%. We don’t have many and they are more trouble than they are worth.
I have sold hundreds of foreclosures but have referred short sale listings and sales to associates.
I have one short sale left. It will expire by the end of the month. Buyers are not longer shopping for homes they have to fix up.
It is a pretty small percentage.
The distressed sales use to make up about 70% of my business. Now they are less than 10% of it.
Thankfully we don't do anymore short sales or bank owned as our market has returned to a normal market.
25% of those combined. I do a lot of straight sales and then I do a good bit of investment property sales which are not always foreclosures.