Post Falls Bank Owned Properties, Post Falls REO’s

Often times when I'm meeting with a client and suggest looking at "REO's" I get a "HUH?" look.  "What's that" they ask. An REO is Real Estate Owned.  It's when a Post Falls Home  has gone through the foreclosure process, was not bid on and ultimately became owned by the bank.  The bank is highly interested in getting rid of these properties as they no longer want to sit on them. Bank Owned Inventory is growing nation wide.  In Post Falls it's no different.  The Post Falls Bank Owned … Continue reading...

Post Falls Short Sales

The Post Falls Short Sale market is considerably smaller than the Spokane Short Sale Market.  With only 67 Short Sales listed as Active in Post Falls as of 12/11/2009 versus 199 in the Spokane  Market (city of Spokane only.) there's a big diference.  What exactly is a short sale? A Short Sale is a sale in which the proceeds of the sale will not cover the liens on the property (most of the time the Mortgages), a payoff must be approved by the affective bank allowing the transaction to close … Continue reading...

Rathdrum Horse Property, Acreage in Rathdrum Idaho

  This is a great listing.  10 flat fenced acres with a 3 bed 2 bath mobile home (all one level).  The property is split by the road that runs throug this neighborhood of mostly 10 acre lots. Complete with a large shop (acting as the 4+ car garage) this beautiful Rathdrum Idaho Property has it all.  A powerful shared well, manicured grounds with mature fruit trees and a covered porch that rivals anything you'll find in the area. Forced air heat and air conditioning the shop even … Continue reading...

Rathdrum-Hauser Home on Acreage

This home is a great find.  Nestled privately on 6.76 heavily wooded acres between Rathdrum Idaho and Hauser Idaho, this home has it all.  Four bedrooms and two bathrooms on the main floor, a full unfinished basement and heating options galore. Built for self-sustinance this home features an integrated Generator system allowing a generator to power specfiic circuits of the home during a power outage.  Other great features include three heating options - electric wall unit, wood heat, and … Continue reading...

Post Falls Market Statistics

Post Falls has had a fairly stable summer with regard to price.  The running average price of sold homes January through October 2009 is $179,807.45.  The trend is easily represented in the summer months as we see some stabilization in the ups and downs we've seen in the past few months leading up to this summer. January Through October there have been 529 SOLD properties in Post Falls.  We're still waiting for the data but it appears that the trend will drop some for November leaning more … Continue reading...