You'd have to be asleep to have missed the fact that home foreclosures are on the rise in Seattle, as in other housing markets. Some 400 properties go into foreclosure each week in King County. That represents a huge opportunity for investors and for homebuyers looking for even greater deals on already depressed home prices.
Several local companies offer home foreclosure tours, and they provide a fine first-hand overview of the type and variety of properties that may be bought before, at, or after the foreclosure auction (more on when to buy foreclosures in a subsequent blog).
One such tour is being offered by Ballard Partners tomorrow, and it is open to anyone interested in joining us. I will be there - just be sure to let them know that Wendy Ceccherelli of Home Land Investment Properties referred you. You may just show up, no reservations necessary, but feel free to contact me in advance if you wish.
This is a bus tour which begins at 12noon at Romio's Pizza on Lake City Way this Thursday (tomorrow) and is scheduled to conclude by 3 pm. There are six properties that will be featured on the tour. Should be fun!
I'll be blogging more about buying foreclosures, but in the mean time, leave a comment below to let me know what kind of information on foreclosures might be of most interest to you.