Scott Lewis REALTOR, e-Pro,CIA,IMSD,GRI & CNE

Coeur d'Alene foreclosure homes

For the latest list on Coeur d'Alene foreclosure deals click here. Search all deals between 75K and 500K.

Including:

• Single Family Residential
• Manufactured
• Vacant Land
• Farm & Ranch

If you didn't see what you are looking for call me and I will set you up on a personalized drip from the Multiple Listing Service.

Post Falls - Foreclosure List for January 2011

Here is the latest list of foreclosure properties for Post Falls, ID. I have included properties between 75K and 299K. For a special list or for a list of foreclosed homes for any cities in Idaho or eastern Washington feel free to contact me directly.

CLICK HERE FOR FORECLOSURES

HAYDEN & HAYDEN LAKE Market Overview

This is what is happeniing in the Hayden & Hayden Lake Areas As of September 2010:

ACTIVE LISTINGS: -415

PENDINGS: - 43 Percentage of Pendings 10.4%

Months of Inventory - 9.7

CLOSED LISTINGS LAST 6 MONTHS - 175

Average Original List Price of Sold Homes $277,522

Average Final List Price of Sold Homes $262,393

Average Sale Price of Sold Homes $249,248

Average Days on market SOLD 134

Average Days on market ACTIVES 131

The 0K to 99K category has 2.0 months of inventory / The 100K - 125K category has 3.7 months of inventory / The 125K - 150K category has 3.7 months of inventory, The 150K - 175K category has 5.8 months of inventory. By far the fastest moving categories right now remain the lower end (entry level homes for first time home buyers)

REO & Short Sale Alternatives Idaho

There are many home owners today that are in a short sale or even a situation where they find themselves faced with giving there home back to the bank (REO). What if there was another alternative! Would you consider it? What I am proposing is a way to make your payment until:

1. You can afford to make your payment again; or
2. The market changes so that you can sell your home and not loose your shirt (at least break even); or
   
3. Just plain give you room to breathe, so that you can get on your feet (pressure relief)

The idea is to rent your home to someone else. .... NOW before you shake your head saying NO ... realize that this will not be a solution for everyone. However, there are people that encounter this blog that will have some other, albeit short term, options. Perhaps you can:

• Stay with other family (humbling - Perhaps ... a definite strategy - YES)
• Stay with friends
• Utilize non-tradiotional accomodations (non-traditional for YOU!) Consider example A

EXAMPLE A

Your mortgage is $1600 month and you don't have it. The house will rent on the open market for $1200 a month. You find a place like a manufacured home for $400 a month plus the $400 defecit for your payment. You just cut your $1600 a month to $800 a month. This is a strategy to fight another day, it is humbling in that you may be living beneath your perceived means, but it will make you feel in control of your life rather than a bank controlling your life!

The Whole idea here is to be pro-active. DO NOT BECOME PARALYZED in your situation. No decision is INDEED a decision. There are too many people just laying over and "accepting their fate."

There ae other creative solutions out there as well. DON'T GIVE UP!

My partner at Coeur d'Alene Rental Group will also manage your property so that you don't have to worry about the hassle of collecting payments, finding a renter and all of the legal contracts and background checks required. The cost is minimal and the benefit exponential.

POST FALLS - Homes In Field Stone Subdivision

This is what is happeniing in the Post Falls Area As of September 2010:

ACTIVE LISTINGS: - 534

PENDINGS: - 65 Percentage of Pendings 12.2%

Months of Inventory -8.2%

CLOSED LISTINGS LAST 6 MONTHS -346

Average Original List Price of Sold Homes $194,574

Average Final List Price of Sold Homes $185,269

Average Sale Price of Sold Homes $180,714

Average Days on market SOLD 118

Average Days on market ACTIVES 126

The 0K to 99K category has 2.7 months of inventory / The 100K - 125K category has 4.0 months of inventory. By far the fastest moving categories right now.