A search on RealtyTrac shows 1,559 properties in the foreclosure process or being bank owned properties. A Yahoo real estate search returns 1,196 foreclosure properties.

Yesterday, it came to my attention that a townhome that was listed at $479K last summer is now listed at $350K. A similar unit in the complex has been sitting on the market priced at $375K since January.

This is not good news for homeowners, but on the other end of the spectrum – it is great news for buyers and investors. There are many great REO (real estate owned) properties available for sale. And the numbers are climbing daily. Bank owned properties, in good repair, represent solid investments for first-time buyers and investors.

It’s also a great time for move up buyers, but they will have to face the reality of taking a lot less for their existing home than would like to. Move up buyers need to focus on the buy side savings which should be substantial.

If you are interested in bank owned properties, short sales, or foreclosures in Concord, CA – give Paul a call at (925) 963–4246.

This is a great time to make a good deal on investment properties in Concord.

Paul Mees and I were attending Steve Pierce’s Short Sales, Foreclosures, and REOs training in Pleasanton on Friday when an unusual event occurred – Craig cried help!

It seems he was being bombarded with calls from buyers who wanted to look at properties Friday afternoon and he was running out of bodies to cover his needs. Tracey was at a training gig down in Union City with one of our strategic lending partners. Ginny was packing for Europe and preparing our listing at 213 Aptos Place in Danville CA for the wine & cheese twilight tour.

So, that left Paul and me. We managed to catch about half of Steve’s presentation which was loaded with good information. Steve is not only our broker, but an attorney as well.

When you’re taking on a subject as broad as short sales, foreclosures and REOs – it helps to have the legal knowledge readily available as well as the real estate marketing and transaction process perspectives.

Short Sales, foreclosures and bank owned properties are on the rise in the TriValley area. Keller Williams prides itself on agent training. There is always recurrent training happening on all of the basics as well as special trainings such as this on those areas of special knowledge and skills needed due to current market conditions.

In the past two months it seems like we are attending a workshop on short sales, foreclosures or real estate owned properties every week. These are hot topics. 

• Homeowners need help and good advice
• Buyers are looking for deals and need Realtors with experience and skills with these type of transactions
• Real estate investors are looking for good agents to help them secure the best properties available for their portfolios.

Our team can help you with any of these needs. It’s just one of the advantages of having a team with a great blend of skills and experience.

Give us a call today at 925–984–4910 if you are interested in any aspect of short sales, foreclosures or bank owned properties.