Foreclosures, Bargain Homes, REO's in Taunton and Rehoboth MA
As a home buyer, this statement that "Now it the time to buy" rings louder in the coming months than I've seen since last August. Interest Rates are in the 4's.
The opportunity for you to buy a house from me, in today's real estate market is showing up in new ways, namely,
short sales, foreclosures and bank-owned properties - collectively known as "distressed properties."
The key points to know about distressed properties: the term refers to the mortgage financing on the home, not necessarily the home itself. Some distressed properties are in good shape, most need some work.
Price is the biggest motivating factor. Short sales and bank-owned properties sell for well below market value.A recent KW survey revealed that 45 percent of all homes sold in the United States are currently "distressed properties,"and an estimated 300,000 foreclosures are entering the market each month. Distressed properties have entered the mainstream of real estate transactions.
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