Wednesday, October 3, 2012

Take Action Before You Miss Your Chance!

As of 1st week in September in the Metro Milwaukee area
  • Ozaukee county single family homes only 28 Reo's/ foreclosure currently on the market. Priced $59m to $649m
  • Ozaukee county single family homes only 72 Reo's foreclosure sold so far this year 2012 sold prices $28m -$550m Waukesha county single family homes only 372 Reo's foreclosures sold so far this year
  • Waukesha county single family homes only161 Reo's foreclosures currently on the market $37m-$1,900mMilwaukee county single family homes only 395 Reo's/foreclosures currently on the market
  • Milwaukee county single family homes 1,145 Reo's/foreclosures sold so far this year.

What does this all mean. If the market mirrors the fourth quarter of last year, which i think it will. Investors will be buying as much as they can. Reo sales for Milwaukee county are up almost 30% from last year at the same time. We are seeing prices starting to go up and the amount of foreclosure homes available to ppurchase go down and sell much faster. The year end is a time investors and flippers like to purchase. Flipper purchase this time of year because prices are lowest and he scan have the home back on the market in 2 quarter of 2013. The spring market is always our strongest.  If you are a serious flipper or investor start looking now with a goal to purchase before the end of the year. Please feel free to contact me with any question or if you are looking to purchase.

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