With foreclosures accounting for 28% of all sales in the nation, we focus on distressed homes. In an attempt to stay at the forefront of the distressed market, we discuss the percentage discount for foreclosures and short sales in the US.
In the United States, the average REO (i.e., foreclosure) cost on average about 35% less than comparable properties, according to RealtyTrac.
Nationwide, short sales sold at an average 9% discount, according to CNNMoney.
These figures are as of May 2011. However, there are variations depending on the market.
The Certified Distressed Property Expert (CDPE) designation means I have focused my efforts on foreclosures and short sales. If you are thinking of selling or buying a home, or require more information, please feel free to contact me. You can text me or call me at the number below.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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