Fewer foreclosures are now available than least year or before that. But, good foreclosures are still out there: you just have to find it, or to know about in time.
Coming Soon: Foreclosure in Allen, 75013
This will be available, most likely, within the next 30 days. In my opinion, this will be a good investment. The house has over 4,000 square feet, 4 bedrooms and 4 bathrooms. Very good layout, House has been built in 2003. Like many foreclosures, there are some issues: foundation needs to be repaired, new roof is needed, new carpet and new painting. Most likely this house will be offered at a discounted price.
In this neighborhood are only 3 homes available for sale. There has been 12 sales in the past 6 months. Home values in the neighborhood are between $275,000 and $539,000. Median sale price is $408,750
Coming Soon: Foreclosure in Murphy, 75094
This house will be on Auction at McKinney Courthouse on 08/02/2016. After that could take anywhere from 30 to 90 days until will be listed for sale. From what I know, this one appears to have good condition with normal wear and tear. A bonus to be considered: house has an in-ground pool. Over 4,000 square feet, 4 bedrooms and 3.5 bathrooms. Listing price will be very close to the market value.
In this neighborhood are 14 active listings right now, with only one listing competing directly. In the neighborhood have been 18 sales over the past 6 months with a median sale price of $510,000 Recorded sale prices are between $415,000 and $774,950.
What to do?
As a reminder: neither home is currently listed, and will take some time until will be on the market. Since many people are looking for good deals, most likely there will be multiple offers within the first few days.
To be prepared and know about the property before you make your offer, is a good to learn about it, as much as is possible, before everybody find about new foreclosed listing.
I am one of the very few persons that have knowledge about those two new foreclosures. Also, I have the necessary knowledge with the foreclosed sales process. Buyer a foreclosure is not the same thing as buying a regular resale house.
For more information, details and offer/closing process contact me: