Port Orchard Homes For Sale – Bank Owned Foreclosure
If you have followed the local housing market you know that there have been several homes in our area of Port Orchard that are either listed for sale as a short-sale* or a foreclosure home now owned by the bank.
Currently there are 24 homes in the Port Orchard area that are bank owned. They list from $114,000 to $790,000. Several of these homes are listed lower than the Kitsap County assessment.
If you are looking for a deal on a Port Orchard home you might just want to see these homes. Just email me and I will send you the list with any strings attached. Take a look at the list and decide if you want to go further.
Remember the first-time home-buyer tax credit expires April 30, 2010 with closing no later than June 30, 2010, so time is running out.
Not a bad time to purchase a home in Port Orchard, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010
So what can $6,500 really do? Incentive for “step-up” buyers
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
So what is the absorption rate at this point in time? Check here for the definition of absorption rates – Absorption Rates
Using the formula and only including active and contingent homes on the market the absorption rate for January would be 8.9 months which means it is still a BUYER’S MARKET in Port Orchard!
