BEST DEALS THIS WEEK
REDUCED! Lowest priced Single Family Home in Mammoth! $389,900! 1+Loft/ 2 bath/ 2 car garage! 1069 sq ft. Well maintained, updated home in Old Mammoth. Call me!
NEW! 2+L/2 Car Garage at Courchevel, complete remodel, mountain views, $360,000.
NEW! REO 1+Loft at Chamonix by Canyon. Needs updates. $241,500. Hurry! Best deal near Canyon!
Short Sale! 1 bdrm at Juniper Springs Lodge for $219,000! Make offer before ski season! Great investment property!
Short Sale! 558 Golden Creek, Snowcreek IV 2+Loft end unit for $405,000, lower than last sale comp!
REDUCED! Mammoth Sierra Townhomes 2+Loft REO quiet end unit only $259,900! In town on the shuttle route. Great complex, safe and well maintained. Don’t miss this opportunity. http://mls.mammothlakes-real-estate.com/property-search/detail/1/107017/
GREAT DEAL! June Lake Charmer 3/2 SFR 1997 build in coveted Silver Lake Pines Tract 137 Boulder for $349K! Walk to Silver Lake and enjoy the sunsets!
IN ESCROW! From Last Week’s list:
154 Pinecrest Ave, 5/4 1960 sq ft $339,900 REO home. Needs driveway.
28 St Moritz Rd, 3/2 REO home in Mammoth Knolls 1250 sq ft. $424,000
Silverbear #31, 2/2 with forced air and security parking only $369,500, walk to Canyon Lodge!
OTHER Real Estate Trends:
Short Sales are taking much longer to get through. Previous timeframes for approval were 30-60 days, now we’re looking at 4-6 months. Reasons: Banks systems for processing these properties seem to be “off track” again, similar to how they were when this system first began in 07’-08’. Even professional negotiators are having some troubles working with the banks. Would always recommend using a professional negotiator to keep on track with a short sale. Expect “surprises” from the bank when they respond to offers instead of quick and easy acceptances as we saw previously. Now banks seem to be fighting for upward movement when there isn’t any.
REO’s are the way to go! If you can find a decent foreclosure property to purchase in the new wave that is being released onto the market you might be better off. REO’s typically are easier to get financing on if you are trying for an FHA loan.
Days on Market are longer for most listings and sales are lagging in the 3rd and beginning of the 4th quarter. The fire from the first ½ of the year has died down, except for true bargains. Low end properties are still selling the best. Buyers are more willing to take on upgrades to get a bargain on price.