I’ve showed several Sequim foreclosures recently to several clients. One of these properties is a nice five acre parcel in a great area, and while there is no water or mountain or valley view, the property sits in a quiet and private place. It is ideal for the person who wants privacy and ideal for the person who wants some animals, maybe a horse or two or cows, Alpacas, or sheep.
The shortcoming of this Sequim foreclosure is not the property itself and not the listing price. The challenge is the house. The house was built in the ’70s and needs major work and a small garden wheel barrel full of one dollar bills. The floor plan also is not what the majority of people want. And as happens often with a Sequim foreclosure, the prior owners left the house in a seriously run down condition.
What about other Sequim foreclosures?
The other Sequim foreclosure is also a nice piece of property with over two acres. The downside with this listing is that the manufactured home needs major rehab work, so much so that it may not be inhabitable. The carpet has been completely ripped out and the sub-flooring emits a strong cat urine stench, and the stains in the flooring can be seen everywhere. The walls need replacing in much of the home, and so much of the rest of the home needs replacing, in my opinion this home is a tear down. Buyers looking at Sequim foreclosures often find it a frustrating experience.
These listings are priced in the $140,000 to $170,000 range. Considering the amount of money and labor required to bring these properties up to standard living conditions, they are not such good deals in my opinion. By the time you put $75,000 to $100,000 in each of them, you’re up to a price that could buy you a nice home that doesn’t need all that work, money, and stress.
Sequim foreclosures are not where you’ll find your best buy in this market.
Some of the best homes and the best prices, all things considered, are currently listed in the MLS by a Realtor. I’m not trying to sell Realtors here, but if you’re looking for value and a nice move-in condition home, this is the truth. If you’re looking to buy a Sequim home, my suggestion is that you browse SearchSequimMLS.com. There are some diamonds hidden in this large MLS inventory of Sequim homes for sale. If you see one you like and have questions, shoot me an email at Sequim Real Estate Agent, and I’d be glad to answer your question if I can. There are some Sequim foreclosures out there that could work for you.
Possibly Related Posts:
- Buying a Foreclosure and How Banks Kill Deals
- Foreclosure Ripoffs
- HUD Closing Requirements
- Lawsuits Against Auction.com
- Dangers of Buying a Fannie Mae Foreclosure Through Homepath