Pre-Foreclosures and Short Sales in Good Supply

By
Real Estate Agent with John L. Scott Real Estate

Although the Seattle real estate market is fairing far better than most areas in the country, we are seeing an increasing number of short sale listings come on the market.   Even in a strong sellers market like we experienced in 2004-5, there was always the occasional short sale or pre-foreclosure listing, but nothing like the increase in supply that we're seeing now.

I already have a search solution on my website for buyers who want to search for homes in the Seattle real estate market.  But because many buyers and investors are always on the lookout for bargains, I started another search based solely on pre-foreclosure listings that were subject to bank approval of a short sale or were in pre-foreclosure status.    The search pattern is updated everyday so my current and potential customers have access to the fresh inventory as it becomes available.

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