In spite of the rumors in national media about foreclosure counts expected to rise this year, for Southside Hampton Roads, that doesn't seem to be the case. We began the year at the high point of foreclosure properties (as a percentage of available inventory) and have seen that number steadily fall each week since. Granted, it's in very small steps, but it's trending in the right direction and has been consistently falling for now five weeks in a row.
If you are considering buying a foreclosed property, you need an agent familiar with the process and the local market. Call today for free information that could help you find the perfect house before it's gone. Pricing on foreclosed properties has been edging up too - be sure you don't pay too much, call me today.