Bend Oregon Short Sales
Short sales in Bend Oregon increased over 300 percent over the last 30 days as compared to last year. Short sales still can’t compare to bank foreclosures. If you are a buyer you should be looking for bank foreclosures and not short sales. Link to Bend Oregon Bank Foreclosures. This link is updated every day and is current the day you read this article.
Short sales can be tied up with the lender for months. Where as a bank foreclosure is owned by the bank not a third party. The bank owned homes need to be sold so the banks can get the “assets” off their books.
Short sales average over 7 months to close where as bank foreclosures are taking less than two months. All bank owned homes end up being sold where as a substantial percentage of short sales will never close escrow but come back on the market as a foreclosure at a better price.
There was a riverfront home that had an offer for over $400,000 as a short sale. The bank diddled around for over 4 months and finally declined the sale. So the buyer wasted 4 months and didn’t get the home. That same home is now on the market as a bank foreclosure for $337,000!
So why would a buyer mess around with a short when they can buy a bank foreclosure at a better price in a shorter period of time and be assured of a purchase when the bank signs the sales agreement. My advice is avoid short sales and look at the Bend Oregon bank foreclosures.
If you’re thinking about buying a home in Bend you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981.
Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL or go to Bank Foreclosure Information.
If you have questions about Bend or Bend real estate just type in the subject in the search box in the right hand column and click search. You can use this blog as your search engine for Bend Oregon real estate and many subjects about Bend.
If you’re thinking about buying a home in Bend you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981.
Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL or go to Bank Foreclosure Information.
If you have questions about Bend or Bend real estate just type in the subject in the search box in the right hand column and click search. You can use this blog as your search engine for Bend Oregon real estate and many subjects about Bend.