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111 days ago by c21jcjones

These are difficult times in the real estate market. Many homeowners in Oregon and around the country are in default on their loans and have to sell, and the banks and mortgage companies are holding properties they don’t want. (They make their money making loans, not owning real estate). With intere ...

Will the Real Estate Slump ... - c21jcjones.wordpress.com

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111 days ago by c21jcjones

This is a tough spot to be in. If you are or about to be behind in your payments and your house is worth less than your mortgage plus selling costs, you probably need to do a SHORT SALE. Contact your lender, explain your situation in full. Put your property on the market with an office experienced i ...

Will the Real Estate Slump ... - c21jcjones.wordpress.com

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112 days ago by c21jcjones

Bank owned (REO), short sale and other distressed properties are sold “as is” and often take much, much longer to close escrow as lenders often withhold permission for a sale till the last few days before the foreclosure sale in hopes of getting a better offer. Some REO properties have been neglecte ...

Will the Real Estate Slump ... - c21jcjones.wordpress.com

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112 days ago by c21jcjones

There is no easy answer. What buyers will pay depends on location (desirable and undesireable situations nearby), condition, special features, comparable sales of similar homes and costs of interest, repairs taxes. Your price will also depend on how many similar homes are on the market (your competi ...

Will the Real Estate Slump ... - c21jcjones.wordpress.com

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114 days ago 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 l ...

Will the Real Estate Slump ... - c21jcjones.wordpress.com

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117 days ago by Darlene

Thank you to all those that came out this weekend to the Klamath Basin Home Builders Show. There were people that walked away rather than pay the new admission charge. Understandable. But when I came in to work the first shift Friday and Sunday, people were gathered in front of the doors to get in, ...

Darlene's Klamath Falls ... - sellingklamath.com/sk_blog

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148 days ago by Darlene

It is important to price your property for the market. Even being overpriced by 5% can be the difference between the house getting shown and people looking elsewhere. It is a new day. With endless internet resources, buyers can know in a moment whether you are competitively priced or on the high end ...

Darlene's Klamath Falls ... - sellingklamath.com/sk_blog

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151 days ago by Darlene

There is so much information and misinformation available regarding pre-foreclosures, short sales, foreclosures and REO properties (lender owned). Here is what applies from my experience as a Realtor, not an attorney, in Klamath Falls, Oregon to the topic. Foreclosure sites and toll-free numbers to ...

Darlene's Klamath Falls ... - sellingklamath.com/sk_blog