Everyone knows that Foreclosure Homes have had an impact on neighborhoods across America. During my experience with showing groups of people foreclosure homes in Suwanee Georgia, I have found some interesting facts. One neighborhood has a foreclosure home currently active that is the lowest active listing in its neighborhood. Yes, this home needs a roof, exterior siding repair, interior ceiling repair from a leak, sheet rock repair, fresh paint, new flooring through out and update appliances, but after these repairs the home is a great value for a family or even a resale. Another neighborhood has a foreclosure home that, believe it or not, is the highest active listing in the subdivision and needs a complete rehab. In the next neighborhood we have two active foreclosure homes. One is priced with other homes in the neighborhood, a larger home in this subdivision, needs some repairs but in good condition. The second home is a smaller ranch home that needs a lot of repairs but is priced 100k below the rest. Last, we have a great deal in a great location with small repairs. In conclusion, I have found that foreclosures have impacted the price of the homes in our neighborhoods, but they are not always the best deal in the neighborhood.
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