The rate of new foreclosures in the
U.S. has dropped to the lowest level in eight years as rising
property prices erased negative equity and allowed more
delinquent homeowners to sell without losing money. The rate of foreclosures, in the fourth quarter of 2013, was the lowest since the third quarter
of 2006, when home prices were just starting to fall in what
would become the worst crash since the Great Depression. Foreclosures offer a buyer the ability to get in to a home (a lot of times with special incentives) at a discounted rate. Granted, most of these homes need, at very least, some minor work done to them. What we see most in these deals is instant equity. Add a little elbow grease and some minor renovations and your return could be pretty significant. With the economy improving, foreclosures are going to continue to be more scarce. For a complete list of foreclosures in the Springfield, Mo area, click here. To see all of the area foreclosures on a map, click here.
Author:Michelle Cantrell Phone: 417-860-6505 Dated: February 25th 2014 Views: 5,111 About Michelle: Michelle is a native of Southwest Missouri and has twenty-five years of experience in selling real e...
The Michelle Cantrell Group wants to help you find your dream home! Specializing in all types of real estate throughout Springfield and surrounding communities. We are committed to providing the best real estate services, along with the greatest expertise and professional, personalized service to each of our clients.
We believe we have more to offer both home buyers and sellers. Our team of highly trained professionals specializes in marketing, financing, advertising, photography, graphic design and staging to make sure every single property gets the attention it deserves. Our team leads the industry in getting your home sold! We sell more because we do more! Our goal is to win the referral of your family and friends!