All about Short Sales and Foreclosures in Woodstock, Ga. by Dale Falkowski, Realtor, CDPE, REO Certified
Short Sale and Foreclosure specialist.
In the world of Real Estate it seems the Foreclosure Market will continue for quite some time.
The fact is foreclosures have always been around but I'm talking about Foreclosures dominating the news and the Homes for Sale in Woodstock, Georgia as well as across the country.
Yesterday I attended a webinar from RE/MAX and RealtyTrac about where we are in the market.
It seems we still have a very long road ahead. Did you know one in four mortgages are behind on payments?
Bank Owned Foreclosures for sale also know as REO'S are currently 33% of the market.
Pre-Foreclosures for sale, also known as Short Sales are 20% of the market. These figures are per RealtyTrac for the first quarter of this year.
Statistics also show 60% of home buyers are looking first for Foreclosures for sale. This is because the perception is Foreclosures represent the best deal. This may or may not be true. Short Sales do represent a very good opportunity to buy equity. The average Short Sale sells for 22% below market value. Again these are statistics published by RealtyTrac.
If you are looking to buy a Foreclosure or Short Sale in Woodstock, Ga or anywhere in Cherokee County or Cobb County please visit one of our many websites.
Please share this post with any of your friends or family who may be looking for a great deal on a home.
My team and I will be happy to help you. Also if you have a family member or friend suffering with mortgage stress we can help you explore the options of a Short Sale and explain how it will help save your credit. Check out www.GaDistressedproperty Experts.com for help. Free and Confidential.
Look for my weekly posts on the subject of Short Sales and Foreclosures.
Next Week, Exactly what is a Short Sale? How is it different than a Foreclosure?
Thanks for reading , I hope you find it helpful and informative. Always feel free to contact me directly, my information is attached.
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