Just a quick look at property that is moving quickly through the Real Estate world in Portola. This home was short sale listed on the market for appoximately 120 days. Sellers received one offer for $362k, but the lender took too long and the buyer walked. Things stalled out over the holidays and price was reduced $335k. With 4 offers in hand the ranging from $335-$362 the lender decides to let it go to auction. Sells at Auction that day for $313k, on the market today for $369k. http://idx.diversesolutions.com/search/1433/4#Tracts=Montecido%20(md)&PropertyTypes=23%2C17&PerformSearch&PropertyID=14299437 We should begin to see this happen more and more, which is some peoples mind means we have seen the bottom. Of course, it is yet to see what this home will sell for. But one thing is clear, Invesors are buying!
Showing posts from April, 2009
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Gang Don't miss out on this opportunity, our listing @ 28386 Pueblo Dr in Portola Hills, Ca has been reduced to $335,000! Don't let this value pass you by..... If you are first-time home-buyer and want to understand how to take the steps towards homeownership, we are here to help. Today's opportunity, includes a $8000.00 tax credit, historic low interest rates and pricing at 2003 levels. In addition, the California Association of Realtors is launching a new program Mortgage Protection Program to help feel a bit more secure if job worries are holding you back. Of course terms apply, so make sure you are educated. Now is the time to buy!