Foreclosures, Bargain Basement Prices, and the Southern Oregon Real Estate Market
These days in the Southern Oregon real estate market, listings and prices are all over the map. Generally speaking, in this market teeming with uncertainty and overshadowed by a lumbering, slow economic recovery, the properties that sell are the ones that are at bargain basement prices, plain and simple. Often multiple offers come in on foreclosures that are listed for a “bargain-basement price,” and anything priced over 400K is a slow boat sailing toward China.
Given this bleak reality check driven by low-end distressed prices, there is one proven “must sell” strategy. First, determine what you believe is a fair price for the property. Next, determine what your bottom line price would be for the property. Then, decide Continue reading Foreclosures, Bargain Basement Prices, and the Southern Oregon Real Estate Market
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Posted September 25th, 2009 in Grants Pass Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate By Keyboard Culture| No Comments »
