Short Sale and Foreclosure Certified

Those of you who know me, whether you are a client, or another REALTOR®, or a friend, know that I take the business of negotiating and successfully completing real estate transactions very seriously. You also know that I do not believe for a moment, that just because someone may have a real estate license or calls themselves a REALTOR®, means that the particular someone is competent, or educated enough to properly represent their clients best interests. Let’s face it, it is way too easy to get a real estate license in this state.

It takes more than a license or the paying of dues to the National Association of REALTORS® (NAR)  to acquire the proper level of competence to do the job. Above all else it takes education and the desire to stay informed of the latest trends, rules, laws, etc.

This is why I am SFR_cmykvery pleased to announce that each of my associates have thought it important enough to spend the time necessary to join me in completing the educational requirements set forth by NAR  in order to obtain our Short Sales & Foreclosure Resource Certification. This is the ONLY “distressed property” certification recognized by NAR. A certification that, at the time we received ours, had been attained by only 2,500 of the nearly 1 million REALTORS® nationwide.

Through the attainment of this certification we have gained valuable knowledge and have access to the resources necessary to counsel and better guide our clients through the foreclosure and short sale processes. In fact, (here comes the commercial), we are the only office in the Lake Oroville real estate market, and maybe the entire Butte County real estate market, where every associate in the office has earned the certification. Are we “experts” yet? Nope. But, knowing my associates as I do, we are going to be as close as you can possibly be as this market begins to move away from foreclosures and more into the short sale arena.

Oh, just a side note regarding “experts”  in this business. If someone calls themselves that, in most cases you should probably run away as fast as you can. Case in point-There is one REALTOR® in town that claimed in her advertising that she was a “Short Sale Expert” and yet had never, ever negotiated a short sale transaction of any kind.!!!!!!!!!!!



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Sales Report For The Week

Ok, I’m back on schedule with my weekly Lake Oroville real estate market report.

Only nine Oroville area property sales this week, however I do expect the numbers to improve over the next two weeks as those escrows that were opened as the original tax credit window of November 30th was closing, should be completed toward the end of the month and into the first week in December.

Of particular note in these numbers is that the number of properties listed for sale continues to decline and has hit a new low since I began reporting Oroville sales to you.

On the foreclsoure and short sale front, we continue to these properties selling at a rate that is far larger than the percentage of these on the market, which will, if nothing changes, make them harder and harder to find.


MLS Stats for Oroville Area Week Ending Week Ending Week Ending Weekly % 
  11/2/2009 11/9/2009 11/16/2009 Change
# of Total Sales 17 12 9 -25.00%
# REO/Short Sales Sold (SS) 11 5 7 40.00%
% Sales that are REO/SS 64.71% 41.67% 77.78% 86.67%
Avg. List Price $115,703 $108,633 $91,583 -15.70%
Avg. Sold Price $111,591 $103,150 $91,394 -11.40%
Sold Price % of Listing Price 96.45% 94.95% 99.79% 5.10%
Avg. Days On The Market 109 147 22 -85.03%
Total Sales Volume $1,897,050 $1,237,800 $822,550 -34.75%
# of Single Family Listings 343 341 339 -0.59%
# Foreclosed On Market 34 32 31 -3.13%
% of Foreclosed on Market 9.91% 9.38% 9.14% -2.55%
# Short Sales on Market 46 43 43 0.00%
% Short Sales on Market 13.41% 12.61% 12.68% 0.59%





Expanded Report

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