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North Roanoke County foreclosures for sale
Posted on March 9, 2008 | Filed Under Foreclosed Homes for Sale, Roanoke County Real Estate
There’s a nice little foreclosure that just came on the market in the Woodhaven area of North Roanoke County. I’ve personally inspected it and although, as with most foreclosures, it does need some repair work, it’s a great value. Here are the vitals-
- SOLD
- 4 bedrooms
- 2 baths
- 1660 square feet
- Full basement
- Huge deck in the back yard
- Tile floor in kitchen
- Central air
- Forced air gas heat
- $112,900
And here’s a foreclosed town home also in the North Roanoke County area. It’s vitals are-
- 4 bedrooms
- 2.5 baths
- 1924 SF
- Full basement
- Central air
- Forced air gas heat
- $134,900
Call me for a personal tour of either of them or to answer your foreclosure questions!
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What you don’t know about foreclosures (but should)
Posted on March 7, 2008 | Filed Under Foreclosed Homes for Sale, Real Estate Education
You see it on the news, cable television and infomercials-
Buy foreclosures at pennies on the dollar! Save big money in real estate investing with foreclosure short cuts!
I regularly sell and help people purchase foreclosures in the Roanoke Valley and surrounding counties. With all this experience I’ve learned a thing or two! Here’s the real skinny folks and a few things you need to know before thinking about buying a foreclosure-
- Foreclosures are often a very good deal but not the kind of deals you see on TV.
As an agent who regularly markets, services and sells foreclosed homes in the Roanoke area, I understand the process and while it is a foreclosure, the bank who owns it is trying to keep from losing as much money as possible. They do not sell for pennies on the dollar. - Foreclosed homes generally are in fair to poor condition.
It’s unfortunate; the people who lose their homes to foreclosure do so because they can’t afford their payments and therefore also can not afford to upkeep the house. Foreclosed homes almost always have maintenance needs and sometimes major maintenance problems. - Foreclosed homes are sold “as-is”.
The financial institutions who own these homes know they have problems and they aren’t going to spend time negotiating over carpet stains or damaged tiles. Before a foreclosed home is ever advertised for sale, it has gone through a rigorous valuation market analysis with the listing agent and other real estate agents who take these problems into account when suggesting a fair list price on the home. Hire a home inspector so you are less likely to be surprised with a problem after closing. Caveat Emptor! - Negotiating with the bank on a foreclosed property is almost the same as a private seller.
Low ball offers and unreasonable expectations are likely to be quickly rejected by the selling bank the same as you would on your own home. They are reasonable negotiators but not desperate.
So there you have it. A few tips from an experienced foreclosure agent. With all of that said, foreclosed homes are still a good deal and typically priced below the actual market value, and, the longer it’s been on the market, in most instances, the better the deal for you. Be smart though and consult with an experienced agent before buying any home, foreclosure or not.
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Troutville - Buchanan Foreclosure For Sale
Posted on September 10, 2007 | Filed Under Botetourt County Real Estate, Foreclosed Homes for Sale
Here’s a great Botetourt County ranch home, HUD foreclosure, ready for a quick flip or new home buyer.
This home features 3 bedrooms and 2 full baths. The master bedroom looks onto the backyard (see photo) and has its own private master bathroom with bathtub! Ceiling fans in the rooms and an enormous dining room and kitchen with newer cabinetry and counter tops really provide room to entertain your guests!
The exterior features a large 2-car garage with garage-door opener, and back-door access to the garage. The yard is 0.5 acres with views of the surrounding woods and mountains in Botetourt County.
Foreclosed real estate in Botetourt County like this doesn’t come around every day and is a real steal at only $160,000. Call me today before it’s gone!
This Botetourt County real estate has been sold.
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Another Roanoke Foreclosure SOLD!
Posted on August 31, 2007 | Filed Under Foreclosed Homes for Sale, Roanoke City Real Estate
FORECLOSURE SOLD
This foreclosure in northwest Roanoke was a great deal for the investor who purchased it. I sold it for only $47,000!! Can you believe that? Foreclosing banks and the government are eager to get rid of their inventories.
There are many many foreclosure deals like this to be had in Roanoke. Why don’t you contact me to receive a regularly updated list of deals?
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SOLD! Foreclosure hunt is on!
Posted on July 29, 2007 | Filed Under Foreclosed Homes for Sale, Real Estate Investments, Roanoke City Real Estate
DUPLEX FORECLOSURE SOLD
One of my regular investment clients recently purchased this duplex in SW Roanoke City. It appears the previous owner was attempting a remodel job when they were foreclosed on, saving my investment client some time and money.
This duplex foreclosure features 2 units with 2 bedrooms and 1 bath each with kitchens and baths.
The duplex also features a full basement for tenant’s storage and a walk-up attic that could be remodeled into an efficiency apartment. Quite the bargain with a sales price of around $57k.
Are you out there looking for deals like this? Contact me for more info and to be added to my regular foreclosure listing email!
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Sold! Foreclosure plus one in Southwest Roanoke
Posted on June 20, 2007 | Filed Under Foreclosed Homes for Sale, Roanoke City Real Estate
SOLD!
My two most recent home sales in southwest Roanoke.
The first house is 609 Elm Avenue SW sold to an investor who plans to refurbish the home to either rent or possibly resale at a later date.
The second home is a foreclosure in southwest Roanoke. This investor picked up a solid deal on this home that, although it needs moderate repairs, will turn him a good profit when he decides to sell it.
Congrats George!
If you’re interested in foreclosed homes for sale in or around the Roanoke Valley, please feel free to contact me to be added to my list of investors and buyers. I regularly email my list with new and upcoming Roanoke and Smith Mountain Lake foreclosures.
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SOLD! Roanoke Foreclosure
Posted on May 24, 2007 | Filed Under Foreclosed Homes for Sale, Roanoke City Real Estate
SOLD!
This Roanoke, Virginia foreclosure sold in only 47 days! Contact me for more information on Roanoke Valley foreclosures.
I have a list of current REO properties available for sale and soon to be available homes.
Find out about foreclosure homes before they hit the market by contacting Roanoke real estate agent Marty Martin.
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Foreclosure closeout coming to Roanoke
Posted on April 14, 2007 | Filed Under Foreclosed Homes for Sale, Real Estate News
If you didn’t already know, I sell a lot of foreclosed homes in Roanoke. Through relationships I have developed with lenders serving the Roanoke Valley, I am one of a few agents in the area who is consistently retained to service these real estate foreclosure opportunities.
I received word from one of my best asset managers today that they will be putting quite a few properties up for auction very soon. What does that mean for the opportunistic foreclosure investor? It means the REO (foreclosing) banks don’t want to have to go to auction, they’d rather sell quickly! I understand they will be accepting even lower offers than before in an attempt to avoid the auction process. The only bad part is the deadline for these deals is May 1st and only applies to properties on the market for a longer period of time!
If you’ve been thinking of investing to flip or rent a foreclosed home in Roanoke, now is the time to give me a call (397-0014) for a complete list of affected homes.
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Floyd County farmhouse
Posted on April 3, 2007 | Filed Under Floyd County Real Estate, Foreclosed Homes for Sale
SOLD!
This foreclosed farmhouse in Floyd County was sold to a buyer who relocated to the area from Virginia Beach. He found this real estate website and contacted me about a previous Floyd County home I had for sale. Unfortunately that home was already sold but I was able to find this great deal in Copper Hill.
Originally listed for $129,900, I was able to negotiate with the foreclosing bank on his behalf and secure the property for the unbelievable price of $95,000. This Floyd County farmhouse features 1.56 acres of real estate, a great farmhouse for country living and the peaceful surrounding that is Copper Hill.
Congratulations Jim!
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3620 Bunker Hill Drive, Roanoke County (Southwest)
Posted on March 25, 2007 | Filed Under Foreclosed Homes for Sale, Roanoke County Real Estate
UNDER CONTRACT IN 1 DAY!
This great home isn’t going to last. I bring you another foreclosed home for sale at the unbelievable price of $129,900. I completed a market analysis on this property for the seller well above this opening price. They want it to move!
This home is in great condition with beautiful hardwood floors, replacement windows, nicely painted rooms, screened in porch, FOUR bedrooms and two and a half baths! A spacious fenced-in backyard is great for the kids, pets or anyone who just loves a fenced-in yard! This home also features garage space for two cars and a work area with storage as well as attic storage in the garage! A beautiful brick wall trims the driveway.
This foreclosed home is in a southwest Roanoke County neighborhood that is convenient to Electric Road, Grandin Court and Brambleton Avenue. This house isn’t going to be available long at this price so check it out now!
Priced to sell at $129,900. More pictures of this great Southwest Roanoke County home available by clicking link below. Read more
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Sold in 7 days!
Posted on March 20, 2007 | Filed Under Foreclosed Homes for Sale, Roanoke City Real Estate
SOLD
This Roanoke Virginia foreclosed home was listed and sold by me in 7 days! I list and sell many foreclosures in the Roanoke area as well as regular homes for sale. Give me a call (540-397-0014) for my current foreclosure inventory and a sneak preview of foreclosed houses that will be coming to market soon in the Roanoke Valley.
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10420 Stewartsville Road, Vinton
Posted on February 12, 2007 | Filed Under Bedford County Real Estate, Foreclosed Homes for Sale, Real Estate Investments, Smith Mountain Lake Real Estate
SOLD IN 16 DAYS!
New to the market home in the Stewartsville area of Bedford County. Very convenient to Roanoke and Smith Mountain Lake but in the country. This home is new to the market and is priced by the owner for a very quick sale. Great condition on the inside with two bedrooms, hardwood floors, fireplace, full basement, maintenance-free exterior and huge 1 acre lot!
This home has some minor cosmetic work on the exterior but is in great shape on the inside. Perfect for the first time home buyer or investor looking for a quick flip.
Priced to sell at only $117,700! Call quick before its gone!
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908 Grayson Avenue NW, Roanoke
Posted on February 5, 2007 | Filed Under Foreclosed Homes for Sale, Real Estate Investments, Roanoke City Real Estate
SOLD
A great northwest Roanoke home for a first-time home buyer or investor in Roanoke! This foreclosed home is just released to the market and is priced by the owner for a very quick sale. Great condition on the inside with hardwood floors and great style.
It has a huge lot for the neighborhood at almost a quarter acre and a great front porch for sitting and relaxing.
Priced to sell at only $79,900! Call me before its gone!
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Roanoke real estate market softens
Posted on October 8, 2006 | Filed Under Foreclosed Homes for Sale, Real Estate News
Well, it seems to be finally happening, whether due to the downturn in the overall national real estate market or due to the fall season coming upon us (or both), but the real estate market in Roanoke finally seems to have slown down.
I’ve personally noted a decrease in calls not only about the houses I have for sale, but also from prospective buyers I’m working with. Traditionally, the real estate season takes a cooling off period from mid-October to early springtime and this year it seems to be right on time.
I will be very soon listing a foreclosed home in the Vinton area of Bedford County. It needs some general fixing up on the outside, a broken window or two fixed, some mowing and landscaping and some minor exterior work. There are some sofits coming loose and gutter that needs reattached to the roof line, but otherwise is in relatively good shape. It would be a great home to flip or for an investor looking for a home to fix up and then rent. I may already have a renter lined up as well if any investor out there wants to talk about it!
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Roanoke foreclosure sale
Posted on July 24, 2006 | Filed Under Foreclosed Homes for Sale, Roanoke City Real Estate
There are ten government-owned houses for sale in the Roanoke Valley right now (eight in Roanoke, one in Salem and one in Vinton). Have you ever considered buying a HUD-owned home for sale? Some are a little rough around the edges but they more often than not come with cash to help you make the necessary repairs. Not all real estate agents can show you a HUD home but I’d be glad to unlock the door for you.
Below is one of the government homes for sale now; this one is in Roanoke City on Dell Avenue.
This beautiful 3BR/2BA home in north Roanoke City is currently priced at $133,000 but oftentimes the government will negotiage with you. It currently has a cash escrow amount of $3,400 to help you with any necessary repairs). It was built in 1949 and has 1728 square feet of living area. Contact me for more information, it is open for bids right now!
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