A lot of people are talking about foreclosures in the Anytown area these days. Even the local Salt Lake City news is painting a picture of mass foreclosures and mortgage trouble.
What is really going on in our local Salt Lake City real estate market? Is it as bad as you have been reading? The truth is, everyone has been effected by the current market conditions, and the Salt Lake City real estate market is no exception. And while it certainly sounds bad for Salt Lake City, the news is not all bad.
Foreclosure is a terrible thing if you are the one being foreclosed. However as a buyer you have a unique opportunity to both get a great deal and even help someone out. Home owners who are in danger of foreclosure may also be looking for a buyer. In some cases, a foreclosure deal might represent an opportunity to purchase a property at a lower cost and lease it back to the current tenants.
There are lots of options in a foreclosure deal, and many of them are win-win for both parties. Our current Salt Lake City real estate market conditions may seem treacherous, but there can be a silver lining.
As a real estate agent for Real Estate Marketing Agency, I specialize in helping people like you negotiate the terms of a Salt Lake City real estate foreclosure deal, including foreclosure deals where both parties are interested in walking away feeling good about what just happened.
Foreclosure is no fun, but it doesn’t have to be a bad deal.
If you are in the Salt Lake City real estate market, and have questions about the opportunities foreclosure represents to you, whether a buyer or seller, give me a call. I’ll be happy to review your situation with you and recommend options. As a Salt Lake City real estate agent, I am approached by parties from both sides, and am in a great position to help you find the right solution.
-Chris Johnson, Real Estate Marketing Agency, 801.938.3466