I'm not a Short Sale Specialist or an REO Expert

Short sales, REO ( Bank owned properties ) and foreclosures seem to be the in vogue niches for real estate agents all over the country these days. It is a sad commentary on the state of real estate and our economy.

I understand that there is money to be made in foreclosures. Both by agents and investors.  Heck, I even bought my own house pre-foreclosure when an opportunity of a lifetime appeared.

Leavenworth Foreclosures

By Jeff Turner

But I will come out and say it. Real estate is not for day traders.  "Investors" looking for "get rich quick" schemes should realize that the same schemes can turn out to be "get poor quick" schemes just as easily.

I am not a Short Sale Specialist and I am not an expert in Foreclosures or REOs. (Though I have represented sellers in short sale situations multiple times over the years and have bought property in a short sale myself.)

My specialty is helping people buy or sell vacation homes in Leavenworth and Lake Wenatchee. Our market has stopped its explosive growth, but we have done much better in 2008 than much of the country. The homes that are likely to be short sales or foreclosures aren't likely to make great vacation homes. Great vacation homes in Leavenworth still sell at market prices to qualified buyers.

Houses that end up as foreclosures here in Leavenworth end up that way for a reason. Usually it is because the owner owes more than the home is worth - too many refinances, paid too much for it in the first place, or they let the house deteriorate. Sometimes all three!

If you are interested in foreclosures, I really recommend this article as a good place to start. I would also read the articles by Courtney Cooper that she is posting on Rain City Guide. If you still think that jumping into that shark infested pool is the direction that is right for you, then let's talk about how I might be able to help. For most buyers, it just doesn't make sense.

Click Here to get a list of current Leavenworth Foreclosures and Bank Owned Properties

Comments

I have read a few of your posts and they are all interesting and informative...keep up the good work.

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Allyson and Geordie Romer

Leavenworth real estate agents - Allyson and Geordie Romer

For over a decade, Allyson and Geordie have been serving clients in the Lake Wenatchee and Leavenworth real estate market. Together, they work tirelessly to stay on top of the regional market and present the most relevant opportunities to their clientele.

When not in the office, they can be found exploring the endless recreation opportunities of the area in all of its seasons.

 

Testimonials

 

Geordie provided excellent real estate representation! We appreciated his detailed knowledge of the market, his up front and honest approach, and his negotiation skills.
As reviewed on Zillow  – 

- Laura Anderson

 

 

As “west siders” looking for a getaway near Leavenworth, Geordie provided insight … his knowledge of design features important in a “snowy winter wonderland” was appreciated. Thanks Geordie!
As reviewed on Zillow  –
 

- Jean Stern

 

 

Geordie made this somewhat complicated transition easier for us…going above and beyond to help us work through issues that came up during the sale of our parents home. We appreciated his knowledge, attentiveness to details and his willing spirit.
Our family is grateful for Geordie!
As reviewed on Zillow  – 

- Terry Foster

 

 

Geordie was great in every way. We have been looking in the Leavenworth area for some time, and Geordie was absolutely the best for local knowledge, history and depth on neighborhoods, developments and the local market trends. He was very quick to respond (even when he was on his vacation) and worked very diligently to get all of our questions answered in a very timely fashion. We would recommend him highly to anyone looking to buy or sell a home. Very friendly, and helped us navigate all of the local options before we made an offer on the property that we purchased. Thank you, Geordie!

As reviewed on Zillow  – 

- Ryan Olsen

 

 

It was such a pleasure to work with Geordie and his wife, Allyson on our cabin purchase. They showed us a variety of locations, listened to what we wanted and helped us find the perfect match. Everything was smooth and not stressful, just relaxed and easy. We would definitely recommend Geordie and use him again if the need arises!

As reviewed on Zillow  – 

- Cammie Schlosser

 

Moving to Leavenworth?

Are you looking for a cabin or a condo in Leavenworth that your family can use as a home base when climbing, skiing or hiking around Leavenworth or Lake Wenatchee?

Maybe you rent a house here and have decided to stay, surprised how a summer of rafting somehow turned into seven years.

Maybe it’s time to escape the hustle of the big city (and its rain) and move to Leavenworth with its four seasons.

Maybe you bought a condo years ago, don’t seem to use as much, and it’s time to sell.

Whatever your motivation, we are here to help. If you are buying a home, the best place to start is with our Homebuyer’s Guide to Leavenworth.