Vancouver Washington's Short Sale Market

What's going on in this Short sale market in Vancouver Washington?" is a what many of my clients in the price range of $150,000 to $200,000 are asking.

It seems that a greater portion of the homes available in this price range are in Short Sale. What this means is that the sellers are in a position of needing to sell their homes for less than they currently owe the bank. The bank in turn accepts the sale of the property for less then what is owed. This is a great deal for buyers!!!!

However it takes a lot of patience from the potential buyer because it can take up to 8 weeks to get a final response from the bank. Additionally we have seen multiple offers coming in on the homes making the prices rise. This has really confused many of my teams buyers. They say "Hey I thought this was a buyers market!", it is and in this price range the competition for the homes is tough. I have been able to successfully secure three homes this week for clients in this competitive offer situation.

It takes experience and dedication to get these done. If you have additional questions or would like to buy in this competitive buyers market please feel free to visit my website at http://www.thekastingteam.com/ or email me directly at thekastingteam@kw.com.

Thanks and make it a great day!!

Tesha 360-624-4428