There are still foreclosure and short sale opportunities in the Fredericksburg Virginia real estate market. Whether you are looking to buy your first home, or you are looking to purchase your second home, there are still great opportunities available in the market.
When buying a foreclosure or a short sale in Fredericksburg, you have an opportunity to capture excellent equity from the initial day of home ownership. Here are the 3 benefits to buying a distressed property:
1. You can typically buy these homes for 7-18% below the current market's value
2. These homes are not always in poor condition. Many foreclosures and short sales are found to be comparable to normal resale homes
3. The competition in this market has weakened, meaning, a lot of buyers are blindly thinking the opportunity to own a great home via the distressed market, which is far from the truth for Fredericksburg real estate.
If you're in the market to purchase a home and would like to consider buying a foreclosure or a short sale in Fredericksburg or Stafford Virginia, start your home search here or call our office: 540-692-9144 to speak with a home buying specialist
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