Sales of distressed property nationwide represent over 1/3 of recent sales. While the exact numbers for Eugene and Springfield aren’t available, the nationwide trend is representative of our local conditions. Many of these properties are being bought by investors—surprisingly for all cash. Tight credit is keeping a lot of buyers out of the market for these distressed properties.
Below is an example of a recent all-cash sale I made for a buyer in Springfield. It was a good bargain and will produce great cash flow. The house sold for $66,000. If you’re interested in rentals in Eugene and Springfield, get in touch with me.