According to a recent article in the Tulsa World, "Buying on the Cheap", Tulsa area foreclosed properties during the third quarter of 2010 were shown to have sold for 32% less than regular properties (Realtytrac). Nationwide, foreclosed properties sell for 36% less. Even though Tulsa's foreclosure sales prices are a little higher than the nationwide or even Oklahoma average, 32% is still not a good figure. Doug Emve, Oklahoma Association of Realtors president said that the figure is still too high.
Although there is still a high number of foreclosures in the Tulsa market, many sellers are turning to short sales. Sherri Sanders with McGraw Realtors, says that she is seeing more short sales in this market. Despite all of this news, Sanders thinks that "people think the situation is worse than it is" and is "optimistic that clearing out the excess inventory of foreclosed homes will strengthen the local housing market."
Read more from this Tulsa World article at www.tulsaworld.com.
Want to buy a Tulsa foreclosed property? Want to stop your Tulsa foreclosure? Contact Darryl Baskin, McGraw Realtors at 918-258-2600 or www.stopmytulsaforeclosure.com.
Need Tulsa foreclosure legal advice? Contact Chuck Richardson of Richardson, Richardson, Boudreaux at 918-663-5070 or www.rrblawok.com.
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