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Insight on current market conditions, predictions, local statistics and trends for the Puget Sound area
REIF Announces Flat Fee Pricing for Foreclosure Auction Property Buyers
Redmond, Washington - Real Estate Investment Firm, the premier distressed property consultants in the region announced a new flat fee pricing structure for their clients and investors who purchase properties at the foreclosure auction in King, Pierce and Snohomish counties.
The latest news from REIF comes on the heels of their recent successful launch of their acclaimed online foreclosure tracking platform, a state of the art website which tracks and provides real-time updates on properties in foreclosure exclusively to REIF clients. In today’s announcement REIF implemented a pricing policy that instead of charging buyers the customary 3% commission, REIF has decided to drastically cut that cost by only charging a low flat fee that is based on the county in which the property was purchased. The new price their clients will pay when they purchase a foreclosure auction property is $3,500 in King county, $3,000 in Snohomish and an astonishing $1,500 for all foreclosure auction purchases in Pierce county.
REIF is the first and only full service foreclosure auction group in Washington to adopt the flat fee pricing model for their clients. Savings for a buyer on a typical $350,000 foreclosure auction purchase in King county would equal $7,000 by paying REIF’s flat fee verses paying the typical 3% commission still being charged by REIF’s competitors.
Those interested in learning more about the services REIF provides their clients are encouraged to attend one of their free weekly foreclosure buying workshops held every Tuesday evening at 5:30 pm at their downtown Redmond office.
Foreclosure Heat Map Accross the USA
This heat map, provided by RealtyTrac, shows the hot spots for foreclosure filings in the USA for calendar year 2008. A quick look at the data and you can easily see that there was not really any significant region that went unscathed as the housing market nosed dived.
King County Foreclosure Auction Sales Statistics for July 10th 2009
Below are the sales results from the King County Foreclosure Auction on July 10th 2009.
King County Foreclosure Auction Sales Statisics for
July 10th 2009
Total # of Properties Scheduled for Auction
254
Discontinued/Sale Off
139
Reverted to Beneficiary
101
Sold to 3rd Party
12
Unknown?
2
King County Foreclosure Auction Sales Statistics
King County Foreclosure Auction Sales Statisics for
July 6th 2009
Total # of Properties Scheduled for Auction
78
Discontinued/Sale Off
43
Reverted to Beneficiary
29
Sold to 3rd Party
6
Unknown?
1
Low Prices on Foreclosures Incite Bidding Wars Among Would Be Buyers
The Seattle Times just published an article this morning on the bidding wars that are erupting between potential buyers for foreclosure and bank owned properties in several areas around the country. Most of the frenzy is taking place in the hardest hit ares for foreclosures such as Phoenix, Las Vegas, Southern California and South Florida.
Investors, [...]
June Housing Stats Say Buyers are Coming Back!
The most recent report on area home sales offered good news to Puget Sound’s homeowners and a bit of hope that buyers are slowly jumping off the fence and writing offers and closing deals.
In June 2009 the number of closed sales on single family homes was up 4 percent over the same month in 2008. [...]
Short Video on the benefits or working with Real Estate Investment Firm on your next short sale
When your looking for the most experienced and knowledgeable short sale and distressed property consultants look no further than Real Estate Investment Firm. To learn more, you are welcome to attend one of their free workshops on “how to buy foreclosures” held weekly at their downtown Redmond office.
REIF Launches New Online Foreclosure Tracking Platform
Real Estate Investment Firm, LLC anounced Thursday July 2nd 2009 the launch of their new online platform for real-time status tracking of foreclosure auction or trustee sales sales in King, Pierce and Snohomish Counties.
The website, buyWAforeclosures.com, also provides clients with detailed property information, photographs, property condition reports, lien and judgement reports as well as direct to property links [...]
How to buy foreclosures, bank owned and short sale properties
Buying or investing in properties that are in the foreclosure process is your wealth building opportunity!
Did you know that NOW is the best time to invest in foreclosure properties?
Many people are interested in investing in properties that are in the foreclosure process, but are unsure of the steps to take to get started.
The market conditions of today have converged [...]
Foreclosures Surge in March
A recent article on MSN Money describes the surge last month in foreclosure activity around the country. March 2009 saw a 46% increase over March 2008.
Much of the increase is attributed to lenders lifting temporary moratoriums and resuming legal actions against delinquent mortgage holders.
To read the full article click here
Locally, the total number of properties [...]
