can save you money when shopping for new homes here in the Asheville NC area? Asheville
area bank owned foreclosures
make up a very small part of the overall Asheville real estate market; however, many looking for bargains on homes have been keeping a close eye on the foreclosure market here. As of this writing, there were 125 active foreclosures in Buncombe and Henderson counties in the under $500,000 price range and only 4 available in the $500,000 to $5,000,000 range. It appears that there are many more foreclosures available in the lower price range areas of the Asheville area.
Do foreclosures have issues?
Many foreclosures will have issues and need some work upon purchasing them. Some of the more common things we see wrong with foreclosures are missing or non existent heating and cooling units. Many foreclosures will be missing the appliances while others will have missing ceiling lights, kitchen cabinets or other typical home fixture items. Remember, if the foreclosure just needs a little cosmetic work they can still be great bargain for home buyers. In this current housing environment we are seeing that the good foreclosures will be listed and sold rather quickly, as many watch for the bargains on a daily basis.
Good foreclosures have no structural problems
The key items that we are more concerned with as licensed builders and real estate professionals is the homes foundation and any other very critical items that are hard to remedy like mold growth in walls. Once again, cosmetic items like sheetrock and paint are easy fixes while serious foundation, drainage, and structural problems could make the foreclosure expensive to repair. We are always excited to work with our clients when shopping for foreclosures in Asheville as we get the chance to share our home construction and building knowledge with our clients so that they can save even more money on homes.
Call Green Mountain Realty at 828.215.9064 for homes, land and real estate.