Explore Colorado Springs Homes

I have added a new feature to my Blog. Up in the top menu options, I have a new feature that allows you to search for foreclosures, FSBO, Sherif  nation wide.  Just click on the state that you want to look into and fill out the city etc to pull up a list of properties on the market that are in foreclosure.

Have fun!

Brian

Homes will sell if priced right; foreclosures have impact ~ Obviously, despite what owners feel their house is worth, what matters most is what buyers are willing to pay.  That can be a lot less in areas where the supply of houses for sale is swollen by foreclosures and short sales, often priced 20% to 30% below the ones being sold by financially healthy owners.

Nationally, such properties account for a third of all sales. Furthermore, according to Zillow.com, 30% of the houses for sale nationally were reduced in price last month.  Says Amy Bohutinsky, a spokeswoman for Zillow.com, “For sellers to understand how they should price, they should deeply understand their market and competition — what’s on the market now, not just what’s sold.”