Hi, sometimes when I meet up with buyers for the first time, they ask me they say, Libby…hey, you know, let’s just look at short sales and foreclosures because I think I can get a really good bargain on that because these are distressed sales and I go, like okay, let’s see what we can find.
And for example, if we were looking today in Antioch, let’s just take that, for example, Antioch has about a hundred eleven homes on the market right now. Of those hundred and eleven homes. There’s only one active short sale for sale. There are no active foreclosures for sale on the multiple listing service (MLS).
So yeah, (they) would be few and far between now. If we were looking in say the beginning of 2009, at that time there were about 745 homes on the market in Antioch. Of which 94 to 95 percent of those 700 were either foreclosures or short sales. And yes, we could see bargains happening then.
That was probably down at the lowest of the market during the downturn and then it slowly started coming back up again, and we’re not seeing as many foreclosures and short sales on the market as we did say 10 years ago.
Click here to subscribe to our YouTube Channel and never miss an update!