Short Sales Can Help Our Local Economy Recover | Springfield Mo Real Estate Market Report
Wondering how many foreclosures there are in the Springfield MLS system compared to non-distressed homes?
By the end of 2011, there was a total of 3874 homes on the market, with 312 that had sold. Out of the 312 that sold, 99 were foreclosures. That makes up about a third of the market.
Predictions are this year foreclosures will increase across the country and become half the sold properties in 2012.
Not good news for distressed home owners. But many can be saved if the seller's will contact a real estate agent and market their homes as a Short Sale, saving the homeowner from foreclosure and helping the economy recover faster.
How does this help the local economy? If a homeowner successfully completes a Short Sale, within 2 years they will be able to re-enter the real estate market and purchase another home, instead of renting. A foreclosure will keep them from buying for 7 to 10 years.
Home ownership has been the backbone of our country for years. If you are thinking of Short Selling your Springfield Missouri home, contact me as soon as possible. We can help you save your credit and successfully sell you Springfield Mo Short Sale.
Statistics courtesy of Springfield Missouri MLS and Graph courtesy of Trendgraphix, Inc
Kay is a Certified Distressed Property Expert specializing in short sales.
Kay services the following towns in the Springfield area: Springfield, Ozark, Nixa, Rogersville, Republic, Clever, Billings, Willard, Battlefield, Sparta, Highlandville, Spokane, Marshfield, Ash Grove, Strafford, Fordland, and Greene, Christian and Webster Counties in Missouri.
For information on Springfield Mo real estate visit: www.kayvankampen.com.
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Kay Van Kampen | RE/MAX Solutions. Springfield Mo 65721