Lafayette, Indiana HUD Homes for sale market report for 2012
HUD home sales were down slightly from the previous year in Tippecanoe County in the Greater Lafayette area.
If you are expecting to get a HUD home for next to nothing-forget it! HUD homes were priced aggressively to sell in Lafayette, IN and sell they did!
Why buy a HUD foreclosure for sale in Lafayette, IN?
Unlike this bank foreclosure pictured at the left, HUD homes:
*** are cleaned out of all debris and offensive smelling flooring.
*** give owner occupants the first opportunity to buy most properties
*** accept, reject, or counter offers rapidly compared to bank owned foreclosures!
*** close quickly compared to bank foreclosures as investors are required to close within 20 days; owner occupants up to 45 days!
*** there are many things you need to know about buying a HUD home for sale in Lafayette, Indiana and Tippecanoe County so please give me a call (765-418-1886) and I can take you through the buying process!
HUD HOME SALES STATS FOR TIPPECANOE COUNTY 2012
(average and median sales price percentages based on last list price of property)
1-30 Days
Average Sales Price = 99%
Median Sales Price = 100%
Number of sales = 34
31-60 Days
Average Sales Price = 87%
Median Sales Price = 87%
Number of sales = 16
61-90 Days
Average Sales Price = 80%
Median Sales Price = 77%
Number of sales = 7
91-120 Days
Average Sales Price = 91%
Median Sales Price = 90%
Number of sales = 3
121-150 Days
Average Sales Price = 72%
Median Sales Price = 83%
Number of sales = 3
151-180 Days
Aveage Sales Price = 100%
Median Sales Price = 100%
Number of sales = 2
180+ Days
Average Sales Price = 61%
Median Sales Price = 68%
Number of sales = 4
The vast majority of Tippecanoe HUD home sales in the Greater Lafayette area happen in the first 60 Days of market time. Owner occupants get first opportunity to purchase a HUD home and if you want the home you need to bid aggressively. I lost two homes with bids over 110% last year so if the home is priced too low for the market be prepared to bid accordingly!
How do you know if the home is priced right, overpriced, or priced too low? You need an experienced HUD buyers agent to represent your interests and guide you through the process of buying a HUD home for sale in Lafayette, Indiana. I would be happy to explain the process and help you purchase a HUD home, bank foreclosure, conventional home purchase. I can help!
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