The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO. This number peaked at 22.8% in February of this year and has been plummeting ever since. Meanwhile, the share of each month’s sales that were short…
Tag: REO
Federal Government Sells Over 1 in 4 Seattle-Area REOs
Full disclosure: The Tim is employed by Redfin. We’ve been digging into a lot of different data at Redfin lately, and I found this particular set to be quite interesting. What I’ve done here is take all the bank-owned (REO) sales over 2011 and group them by the bank that was selling the home. The…
Reader Question: How to Make an All-Cash REO Offer?
A reader asked a question on the Mid-Week Open Thread that I thought deserved more discussion here: I’ve been a long time reader of the blog and it has given me great support in waiting for the right house to buy. I have found an REO recently and am interested in making a Cash offer….
REO Buyers: Beware of Multiple Offer Sudden Death
If you’ve been out there trying to buy a home lately anywhere outside of central Seattle, Kirkland, Bellevue, and Redmond, chances are pretty high that you’ve encountered more than a few bank-owned (REO) homes in your search. Many of the best deals out there today can be found in REOs, especially if the buyer is…
Reader Question: What Happens to Long-Empty Homes?
Photo by Flickr user AnyaLogic On today’s open thread Sweet Pea asks: My parents have been casually looking to buy their retirement home and have encountered houses that have been vacant for a year or more. Just wondering if there has been conversation on here about what happens to that inventory? Maybe it’s not trashed…