dcsimg
Blog
August 2nd, 2011

Suite of Content: Distressed Real Estate

by

 

Foreclosure for SaleAs most of us are already familiar, distressed real estate–foreclosures, bank-owned or real estate owned (REO) properties and short sales–is taking over many neighborhoods, weighing down home prices and making it harder for homeowners to sell.

However, this very same distressed real estate can come at a steep discount, and pending the condition of the home, could be a great buy for you and your family.

As if a traditional home purchase wasn’t stressful and/or confusing enough, buying a distressed property can be even more confusing and involve even more risk.

HSH.com has put together a suite of content on buying distressed real estate and competing with distressed real estate:

Buyers

Buying a foreclosure? It’s more than just cheap real estate

With many markets saturated with foreclosed properties, more prospective homebuyers are taking a closer look at these types of properties than ever before. Purchasing a foreclosure isn’t just a simple matter of scoring a dirt-cheap bargain, however. What should you worry about — or not — when buying a foreclosed property?

5 keys to buying a bank-owned property

Even though REOs can be a bargain, that doesn’t mean you should jump in with your eyes closed. “REO buyers need to do their homework so they understand the property, the market, the neighborhood, and the process,” says Tom Kelly, a spokesperson for Chase Bank.

Here’s what you need to know as a potential buyer of REO property in today’s market.

Short sales always a bargain?

Short sales differ from most home purchases in almost every way. At every step, from shopping to negotiating to mortgage financing, short sale properties are just harder to deal with. Here’s what you need to know.

Sellers

7 ways to beat the short sale competition

If your residence is surrounded by distressed properties, you’re likely concerned about the dampening effect on local home prices. Such concerns naturally become more urgent when your own home is for sale.

The term “distressed real estate” includes short sales, pre-foreclosures and bank repossessions, also called bank-owned homes or real estate-owned (REO) homes. Short sales, in particular, can be priced like bargain-basement goods. The extent to which they depress the prices of other nearby homes depends on the local market, but the effect is real, and since distressed homes account for about a third of all U.S. homes sold, you shouldn’t overlook the negative impact they can have on your home’s current market value.

Share and Enjoy:
  • email
  • Print
  • RSS
  • Add to favorites
  • Yahoo! Bookmarks
  • Facebook
  • Twitter
  • Technorati
  • Digg
  • del.icio.us
  • Google Bookmarks
  • StumbleUpon
  • Yahoo! Buzz
  • Mixx
  • BlinkList
  • Live
  • Reddit

One Response to “Suite of Content: Distressed Real Estate”

  1. » When a Bargain May NOT Be a Bargain… AtHomeSense.com Says: April 27th, 2012 at 3:12 am

    [...] Suite of Content: Distressed Real Estate (hsh.com) from → Business, Buyers, Finance, Home Inspections, Market, Real Estate ← Tenant Lawyer: The Best Representation in Real Estate Disputes 4 Comments leave one → [...]

Leave a Comment

Receive Updates via Email

Delivered by FeedBurner

About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

Connect With Us

  • rss feed icon
  • facebook icon
  • twitter icon

Compare Lowest Mortgage Rates

$