I know. Foresclosures and short sales are the rage. Recent numbers report 40% of the volume in some markets.
But if I wanted to sell a home, I wouldn't let foreclosures affect my plans...
You can still sell in this market.
I see many homes under foreclosure. Buyers are always interested in taking a look.
The average foreclosed home is a mess. Holes in walls. Cabinets and woodwork torn out. Appliances gone. Waterstained ceilings. Smelly.
But that is only half the equation...
They just aren't that cheap, either. They aren't. The banks aren't giving them away.
They are often priced a bit lower than the typical home in the market. Perhaps 10%.
But because of the repairs and headaches, most buyers eventually go in another direction. They just don't want to do the work.
So if you are thinking about putting your home on the market, don't let the foreclosures scare you.
The competition might not be as stiff as you think.