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Home Buying in 55316 : Real Estate Advice

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Thu Sep 19, 2013
Kyle White answered:
Hey Jim,

It appears the property sold at sheriff's sale on March 5th, 2013. The redemption ended on September 5th. The banks have been very slow lately on getting homes on the market and depending on the contents inside the home, they may need to do an eviction on personal property, which can delay the listing time. Typical time to list after redemption on a vacant property is about 2-3 months.

Interesting facts: The home sold for $204,717 at the sheriff sale. This should not have an effect on the listing price as the bank will look to price the home based on current market value.

The bank is JP Morgan Chase --they are typically one of the more aggressive banks when it comes to list price.

The market has slowed down drastically the past month, so it is a great time to be a buyer. Feel free to call or email if I can be of anymore assistance.

Kyle White
RE/MAX Advantage Plus
612-636-2594
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