Is it hard to find a foreclosure that is a good deal in Sequim or Port Angeles? The short answer is yes, but there’s much more to the answer that you should know. There’s nothing wrong with buying a foreclosure, if it’s a fantastic price in a great area with a floor plan you love. So how hard is it to find a foreclosure in the Sequim area like that?
Find a Foreclosure in Sequim
If you haven’t already found it on my site, you can search the entire Sequim and Port Angeles MLS, including foreclosure REOs now listed for sale, and this is the entire list of all local foreclosures for sale now:
You can see from the list that there are few “steals” in the Sequim area. If you expect to find a foreclosure that is an unbelievably low price, below any other homes in the MLS, you may be disappointed. Even investors with money burning a hole in their pockets are not finding garage sale prices when they try to find a foreclosure here. I have sold a couple of short sales and a couple of foreclosures to my buyer clients, but that includes the last decade. Sometimes you have to wait for the bank to lower the price until it gets realistic, but even then it’s rarely a steal. If a home is a nice home in a good area, and if it is priced at fair market value, it doesn’t matter if it is a foreclosure or not, it will sell in a reasonable period of time in Sequim.
Find a Foreclosure
Last Updated on September 21, 2019 by Chuck Marunde
Leave a Reply