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Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What's a distressed property?  Seriously, not much out there and not the bargains people think they will get.

Feb 24, 2018 06:23 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

We have 2 months wroth of inventory at the moment. 

Feb 24, 2018 06:59 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Inventory is dried up distressed or not.  I received many calls from out of state investors thinking they can get a bargain here.  It's not happening.  Even if they find a reo home many times after the repair they cannot sell the home for a profit because the purchase price is already high.

Feb 24, 2018 07:23 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Little distressed if any....

Feb 24, 2018 06:28 AM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

There really isn't much anything, distressed or otherwise.  We are still experiencing a shortage of listings..

Feb 24, 2018 06:54 AM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

@Nina Hollander: The SF Bay Area market is similar. Yet, we still get the buyers who want to find a foreclosure or short sale that is a “good deal”. Distressed properties are bid up to market value. If the sale price is lower than the comps it reflects the condition of the property.

Feb 24, 2018 06:27 AM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Inventory in my town is low, and 13% of currently available inventory is distressed.

Feb 24, 2018 07:03 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Very low at 2 mos. now. Not much in the way of distressed but not sure of percentage.

Feb 24, 2018 06:57 AM
Rainmaker
1,292,741
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

We are not seeing that many distressed properties on the market, but the Sheriffs sale every month has properties for sale.

Feb 24, 2018 06:52 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

Hmm, I know of one in our immediate area.  

Feb 24, 2018 06:31 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There is an increase in distressed properties due to the hurricane five months ago. The STATE insurer, CITIZENS, is rejecting claims when the property  has suffered legitimate damage such as missing a roof and their failure is creating great hardship of owners.!   Insurers make money rejecting claims, while banks make money imposing fees.

However, I would not base my real estate business on the acquisition or management of distressed real estate. The number simply are not there.

NOTE: Citizens is repeatedly quoted in the news saying, 'Their greatest cost is defending themselves in court." They never acknowledge they leave the insured no other options. As they as discovered, some fall into financial ruin before they can have their day in court.

Feb 24, 2018 06:24 AM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Our inventory is low but there are still a few short sales and some foreclosures. Some of the inventory has issues with property condition,

Feb 24, 2018 06:23 AM
Rainmaker
758,035
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Thanks to Governor Malloy we're over taxed & employment is at a high here in Connecticut. He's chased all the big companies out of CT. People in this state always vote wrong. I thank God that he can't run for reelection because I have zero faith in the people who vote & they'd likely reelect him if they could. 

So thanks to his efforts to drive everyone out of CT we rank in the top 5 states for distressed properties with .78% of all residential properties in foreclosure. Many more are still facing difficulties ahead. We are down 14% from the previous year but that's because we're 13 years into this so by default it has improved. 

Feb 24, 2018 11:42 AM
Ambassador
5,230,079
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

It's painfully low, Peter! I very rarely ever see distressed properties. If we do, the investors/flippers are all over it like scavengers!

Feb 24, 2018 08:58 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

The inventory is low in our area.

There is always an active foreclosures sector.

Feb 24, 2018 07:50 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Yes we do, and some will be razed and never rebuilt in our area after the mudslides and fires. A

Feb 24, 2018 07:47 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Inventory is non-existent.  We have a sprinkle of distressed homes in some markets.

Feb 24, 2018 07:47 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

We don't have a lot in Williamsburg.

 

Feb 24, 2018 07:43 AM
Ambassador
5,049,183
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I would say what Nina Hollander  says!

Feb 24, 2018 07:28 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on the price range and the location.It is very bad under 1 mln, 1-2 mls ok, and above 2 mln you have a better choice. 

Feb 24, 2018 03:17 PM
Rainmaker
851,242
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Inventory is low and distressed properties (short sales, foreclosures) are available. 

Feb 24, 2018 12:36 PM
Rainmaker
1,751,129
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Inventory is at historic lows. We aveage 500-600 available homes. This morning, we had 212. Of that number, only about 20 were below 250K. Distressed properties are about 6%.

Feb 24, 2018 09:46 AM
Rainmaker
4,936,683
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

short sales are way down, are market is so hot.

Feb 24, 2018 09:17 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Less than 3 months supply all price points. The distressed properties dried up several years ago.

Feb 24, 2018 09:07 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

About 3% of the inventory

Feb 24, 2018 09:00 AM
Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Since I have a lot of listings I am happy with the current demand for properties.

Feb 24, 2018 08:57 AM
Rainer
7,847
Jennifer Hollowell - REALTOR®
RE/MAX Realty Consultants - Greensboro, NC
Certified distressed property expert

I am seeing MORE foreclosures than last year.  Existing home sales are down.  They are building a lot in my area

Feb 24, 2018 08:56 AM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

        We don't have as many distressed properties as before.  And the ones that come on market are really hammered.  I showed an Auction.com house last week, it has serious structural damage.  My buyer took a pass.

     Non-distressed, we have lots of choices, except for the $100K townhouses.  Those sell in 2 or 3 days on market.

Feb 24, 2018 08:21 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Quality inventory low. Distressed almost a thing of the past!

Feb 24, 2018 08:19 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

We have less than a months supply.

Distressed properties are minimal and selling for more than they should.

Feb 24, 2018 08:11 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Typ. office has 2 listings and 60 agents. Silicon Valley was somewhat insulated from the Great Recession. Aapl, Googl, FB could not find enough skilled US workers and had to go overseas to recruit H1 visa workers. 

Wanting a 1 br 1 bath condo close to work? Well, $1.05M (1/1) or $1.3M-1.4M(2/1.5) condos. Wanting a modest home 3/2/1400 sf willing to bid up how about a $9560 PITI or drive 1+ more hour for a $6,200 monthly mortgage in a 1800 sf cozy shack?   

Feb 24, 2018 07:26 AM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Our weather has been very mild, and have seen an uptick of new listings, but very little distressed in Denver.

Feb 27, 2018 08:32 AM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Not many distressed properties around here.

Feb 26, 2018 02:21 PM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Tight

Feb 26, 2018 05:28 AM
Rainmaker
4,160,812
John Pusa
Glendale, CA

Peter Mohylsky inventory and distress are low in my area. Some off market activities.

Feb 25, 2018 10:06 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Low inventory, around the 2 month mark.  Prices recovered so distressed homes are not as plentiful.  There are still some out there, but not as many as I'd like.

Feb 25, 2018 09:11 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not very many.

Feb 25, 2018 06:33 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Scarcity abides in the lower price points !!!

Feb 25, 2018 06:22 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Up about 10% to 18% in the last two years and very little distressed inventory.

Feb 25, 2018 05:19 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Low.

Feb 25, 2018 05:02 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We have less than 5% distressed properties and more real estate agents than listings. we are down to under 900 listings.

Feb 24, 2018 10:05 PM
Rainer
427,257
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

Inventory is very tight. We have distressed, but I have not seen too many. 

Feb 24, 2018 09:55 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Peter Mohylsky - too low! Nothing in foreclosure/short sale either.

Feb 24, 2018 08:44 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Very Low and almost none!

Feb 24, 2018 09:49 AM