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REO · short-sale · auction
Below-market entry, with eyes open.
Bank-owned, short-sale, and auction properties — with the inspection caveats and timing realities up front.
- 0Active listings
- 0Avg days on market
- 0Median $/sqft
- 0Sold last 90 days
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Local market
REO inventory thin but consistent
- Median sale$135,000
- $/sqft$108
- Days on market48
- Sale-to-list94%
- Inventory42
- Months supply1.8
Bank-owned entries typically priced 8–18% below comp; expect cash terms.
What locals say
Real talk from neighbors
Auction-bought at 76, comp was 165, put 22 in. The work was real but worth it.
— Investor
Short-sales take three months minimum. Plan for it or skip them.
— Realtor
REO inspections matter more than retail. Twice the diligence, twice the upside.
— Buyer
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Real Hot Springs — Foreclosures
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