Foreclosures arent usually the bargain buyers expect.
Posted by Karla Villanueva
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Banks do not give properties away, despite the commercials you might see about "amazing deals for homes under &50k!" Most banks will price a foreclosure near true appraised value, unless it's really a problem property for reasons buyers will not want it anyway.
With foreclosures pricing at little or no discount to market value, sellers can make their properties very enticing by having them "move-in ready" and at little or no premium to those problem-ridden bank owned properties.
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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