Thursday, June 11, 2009

REO Tour for June 13th

This week's REO Tour will focus on Multi Unit Properties.  The subject properties on the tour are all in Area 9.
 
We have changed the format of the tour slightly as well.  This week 3 properties will be open during each hour of the tour.
 
10:00 AM to 11:00 AM 
459 RAYMOND AV  
640 DRAKE ST
129 DUANE ST  
 
11:00 AM to 12:00 PM 
1072 LOCUST ST 
1493 FORD AV  
517 E HUMBOLDT ST
 
12:00 PM to 1:00 PM 
180 E YOUNGER AV  
562 E MISSION ST
 
Now in the interest of complete disclosure, most of the properties on the list are pretty rough pieces.  That said, the subject of this tour is a GREAT opportunity to start the conversation about pre-foreclosure and foreclosure multi unit properties.  In the County of Santa Clara there are just under 70 multi unit short sales active on the market.  There are under 15 REO active multi unit properties.  Upside to starting this conversation is HUGE!
 
FYI: in Santa Cruz County there are only 3 active REO multi units and 5 active short sale multi units.
 
Louis Stone-Collonge
Realtor ®
Keller Williams Realty
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(408) 348-4026 phone
(408) 540-1829 fax

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