Why Are Foreclosures Such a Bargain?
The biggest benefit to buying a house in foreclosure is the fact that these homes are often sold under market value. Foreclosed homes can sell for up to 30% off market value, depending on the location & type of foreclosure. This could be a great opportunity for investors and individuals to build equity. Investing in the foreclosure market is a strategy that requires a level of sophistication and diligence far beyond what most realize. It has big potential, but it takes great effort and experience.