3rd Party Bidders Snap up 16.5% of Foreclosures at This Week’s Palm Beach County Auctions

Third party bidders rule at this week’s foreclosure auctions in Palm Beach County.

The success rate of 3rd party bidders spike this week as did the actual number of foreclosures which hit the highest weekly total in four weeks. We still are seeing a very tight range over the past few weeks. This week it was reported that initial foreclosure filings in Florida were way down and in fact we ranked only #7 on the list of the most foreclosures by state. This is our best showing in about 4 years and perhaps there is a light starting to peak out from the end of this tunnel. The numbers we track here are the actual foreclosures and the initial filings will take some time to hit the auction table.

The chart above represents the actual foreclosure sales for each week over the past six month period. We do have historical numbers going back since on-line auctions began so if anyone wants that information please contact me at your convenience. Please note that the numbers shown represent the total sales for that week but are not broken down into sales that were sold to the Plaintiff or sold to a third party. This week, the actual foreclosure auction numbers increased slightly to 307 units from 267 the previous week. 

This week the success rate of 3rd party bidders was at 16.5% which is the highest we have seen in 9 weeks and the 2nd highest we have seen since we began tracking this metric. These foreclosures represent some of the best opportunities for buyer’s in today’s market. If you would like to learn how to find one that meets your needs perfectly please give me a call at your convenience. 







We take great pride here at “Results Driven Real Estate” in providing our clients the very highest level of service available in the industry. If we can be of assistance in any way with questions you may have about your real estate goals please feel free to contact us at your convenience for a complimentary consultation.
 
 
Always at Your Service,
 

Tom Priester   e-PRO
“Results Driven Real Estate”
 
Keller Williams Realty
561 308-0175
tom@tompriester.com

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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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