central oregon real estate, portland oregon real estate
In these current financial times, more and more sellers are either facing foreclosure or are in a position where they need to sell their homes for less money than they owe on their mortgage — a term referred to as a “short sale”.
Whether you’re a home buyer or a home seller, it’s important to educate yourself about short sales and bank owned homes/foreclosures and how they impact area home values.
>> HOME OWNERS/SELLERS: Know what homes are valued at in your area and then intelligently price your home for sale. If you are facing a possible short sale or foreclosure, do your research and partner with a professional to determine exactly what your options are.
If you would like more information about the short sale process, or would like to discuss your specific situation and how we can assist you, please contact Fred for a confidential consultation.
>> HOME BUYERS: Research area properties that are short sale listings or bank owned/foreclosures in order to get the most home for your dollar. Understand the (sometimes lengthy) process in purchasing these types of homes versus a traditional home purchase. There are currently hundreds of foreclosure properties in Bend/Central Oregon, Eugene (and surrounding areas), and the Portland Metro area.
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For more detailed information about foreclosure listings and/or short sale listings in your area, please contact Fred Real Estate Group.
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