November 21, 2009
- Portland, Oregon
Realtor creates Portland-area foreclosed homes tour
By Margy Lynch and KATU Web StaffWASHINGTON COUNTY, Ore. – After seeing an abundance of foreclosed homes, Realtor Craig Reger saw a business opportunity. He created a foreclosed homes real estate tour, taking investors and potential homebuyers on a bus to a bunch of foreclosed homes throughout the metro area. Reger receives notice of about 30 foreclosures a week and then picks the best eight to 10 to show prospective buyers. And they are finding some good deals. One Beaverton home sold for $489,000 two years ago and is now on the market for $385,000 – a 20 percent drop in price now that the bank owns it again. Others are being sold at half price, such as one on Bayberry Drive in Beaverton. It sold for $625,000 in 2006, and the asking price now is $310,000. |
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