Warren County Ohio Foreclosure Update: Sheriff's Sales through 11/2/2015
Fall is DEFINTELY here today, both by calendar and temperature! Usually this means a slow down in the local market, and as far as foreclosures and short sales we're seeing a mixed message: The number being scheduled has increased and the trend line has shifted from declining to increasing. However, those numbers are NOT yet being reflected based on the numbers of foreclosures and short sales for sale and sold in the last month. Stick with us for more details! At the end links to search for Warren County foreclosed homes for sale and Warren County short sales for sale.
We'll start with the trend chart of Sheriff's Sales scheduled with this revision including THREE additional weeks of sales and two weeks of no sales scheduled. The ORANGE DIAGONAL line one the chart is the trend line and it's shifted from neutral to increasing.
Homes scheduled for foreclosure include a variety of sources: builders, "regular" home owners, tax liens, estates, etc. And some homes scheduled for foreclosure WILL have the sheriff's auction canceled, either due to catching up on payments, a loan modification or the owner sells their home prior and uses the proceeds to get right with the bank (e.g. adequate equity or a short sale arrangement).
If you want details on exactly what homes are scheduled for foreclosure, click Warren County's Sheriff's Foreclosures to access the official list from the Warren County Sheriff's website and learn how to make an offer on a foreclosed home.
Below is a summary of the recent foreclosure trends. Note in the Net row for the first table, Red font is a trend we see as negative, Green as positive, Black as neutral.
Summary of Warren County Ohio Foreclosure and Short Sale Information:
The good news is the number of foreclosures and short sales available shrunk, as did the numbers actually sold. The percentage of the market also dropped. Of course this isn't great if you ONLY want that type of home, but good for the overall market stability.
What does this mean to you as a Warren County home seller?
What does this mean to you as a Warren County home buyer?
You won't have a large selection if foreclosures and short sales are your preferred home target. With just 34 for sale for the ENTIRE county, it continues to be a challenge to find a foreclosure home.
Be aware that you're competing with other buyers AND investors for these homes. And investors are often CASH buyers, so your financing contingent offer may be less competitive to the sellers. However, some foreclosed properties have an initial period reserved for owner/occupants before being opened up to investors, so don't miss that window of opportunity!
CLICK: VIEW WARREN COUNTY OHIO SHORT SALE HOMES IN CINCINNATI MLS for short sale Warren County Ohio homes listed 10/3/15. Link is good for 30 days.
CLICK: VIEW WARREN COUNTY OHIO FORECLOSED HOMES FOR SALE IN CINCINNATI MLS for foreclosed Warren County Ohio homes listed 10/3/15. Link is good for 30 days.
DISCLAIMER: There may be additional homes offered for sale in ONLY the Dayton MLS that might include additional foreclosed homes and short sale candidates. When working with buyers for Warren County, we use BOTH Cincinnati and Dayton MLS to ensure our buyers have visibility to ALL MLS listed homes.
If you have questions regarding these sales, or other real estate related questions, please don't hesitate to contact us!
Serving Your Warren County Residential Real Estate Needs,
Bill & Liz aka BLiz
REALTORS(S) Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
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