Foreclosure Sales| Roseburg Homes For Sale List| Roseburg Homes
With Troy Schuyler- 541-643-1131
Looking for a free list of Roseburg homes, foreclosure sales, or other Roseburg real estate for sale? Whether you’re looking to score a buy on a Roseburg foreclosure, wondering what your home is worth, or just browsing Roseburg homes for sale, sign up for this complimentary list. There’s never any pressure and I’m always here to help.
Douglas County certainly has it’s share of distressed homes, and we expect more to come. Simply fill out your information to the right of your screen and wa-la, you’ll be added to my Roseburg foreclosure sales alert list. Just make sure you enter the text “foreclosure list” and specify any cities you do not wish to include, otherwise, you’ll receive a list of all available properties in Douglas County.
How’s it work?
Once I receive your request, you will be entered into my Douglas County real estate auto-foreclosure home finding system. In a nutshell, it simply pulls information continually from the local MLS and reports the latest property listings to your email inbox as soon as they hit the market. You will be one of the first people to know about brand new listings, obviously making it easier to grab the deals when they come up. You will also receive real time updates so you’ll always have the most current information. It’s pretty simple, but very important if your an investor and your goal is to be the first offer.
With the number of homes for sale by banks in Roseburg Oregon and no end in sight, it just makes sense for future home buyers and investors to be looking for REO and distressed properties in our area. It also makes good financial sense because the listing and selling prices of distressed homes and foreclosure listings are typically lower than competing non-institution owned, or non-distressed homes. REO: Stands for Real Estate Owned. This is the term banks use.
If you’re really serious about purchasing a bank owned or distressed home in or around Roseburg, you really should interview real estate agents before entering into any transaction. The reason I say this is because there are many brokers who refuse to touch or just don’t have experience with these types of properties:
- Foreclosure Listings.
- Short Sale Listings.
- Pending Foreclosures Listings.
The fact is , some real estate agents…
…believe that if the bank is involved, that somehow the transaction is mystically “doomed” from the cosmos or something. That’s just not true, although they’re not perfect, and yes they can take a bit longer, distressed home sales still close, and usually with a pretty good buy too. I just closed another one last week that was priced well below the appraisal.
Roseburg Oregon Foreclosures Sales Tip:
For Sale By Bank…”need to knows”
- The home is sold as-is. Bank owned foreclosure sales are not subject to disclosure. This basically means that the bank who owns the property is exempt from providing an Oregon seller’s disclosure statement. This is a document that Oregon real estate law requires a seller provides to a buyer for their protection. It’s a series of “to the best of your knowledge” questions about the house, fixtures, insulation, heating, etc.
- You should find out how long the home has been vacant. The reason for this is because of moisture and mildew/mold problems that can occur if a home sits for a long time without heat…especially when looking at Roseburg homes and our wet climate.
- Pay for inspections: You can’t skimp on this one. Since the seller lost the home, it’s reasonable to assume that they were also unable to complete basic maintenance on the home as well.
- The listing Price: Typically, the listing price on foreclosure property is somewhere close to market value to start. You will notice the bank lowering the prices of their REO listings after about 30 days on the market.
- Find a Douglas County real estate agent with experience selling in foreclosure sales and distressed homes. Your transaction will definitely go smoother if your agent has experience.
- When you make an offer: Have a mortgage pre-approval letter from your bank ready to submit with the offer. I would suggest writing a check for earnest money as opposed to a promissory note as well. It just shows that you are a serious, strong borrower.
Whether you’re just searching Roseburg homes for sale, wanting a free list, or polishing up on your knowledge of how foreclosure sales works, thanks for stopping by, and don’t forget to grab your free list of homes while your here. If you have further questions, just give me a shout. I’m always here to help. 541-643-1131
Good luck and God bless.
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