Forclosure Buyers Get 28 Percent Off

Did you know that most buyers who purchase a foreclosure get it at 28 percent off the current market. If you are in the market for a deal it looks good to purchase a foreclosed home.

Why would the bank take additional losses on the foreclosed property? They are not getting market value for the home. One of the reasons is that the purchase may have some unknown problems or it has damage that is obvious. Either way the sale is an "as is" sale and has no warantee.

If you are an investor and looking for the best deal go to Pittsburgh where foreclosure prices run 59 percent less than market value. Portland showed the had the smallest discount at 18 percent.

Ok, now throw on top of that information the expected 3 million homes that may foreclose this year and you can see that a deal may be made in this kind of market.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!