Homes Will Sell if Priced Right; Foreclosures Have Impact

By
Real Estate Agent with The Helen Oliveri Team

Sellers are discovering the cold reality of post-housing-bust prices: No matter what they think their homes are worth, what matters is what buyers are willing to pay. That can be a lot less in areas where the supply of houses for sale is swollen by foreclosures and short sales, often priced 20% to 30% below the ones being sold by financially healthy owners. Nationally, such properties account for a third of all sales three years after a historic chill blew over an overheated housing market.

 

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Rainer
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Steve Merson
CNE, e-PRO
Keller Williams Realty

Hi Helen,

Thank you for sharing that very good article. Yes, foreclosures certainly do have a huge impact.

Steve

August 12, 2010 05:29 PM
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