Many people are rushing around these days eager to get homes for much less than their value. Asheville NC
is still rated as a top place to retire or live in America and we are fortunate to not have all that many foreclosures
on the market here. There were only about 2 luxury home foreclosures available in the greater Asheville area today when I started writing this article. I will define luxury home foreclosures
as foreclosures costing over one million dollars. Hundreds of custom and luxury homes are available in and around the Asheville area so this is a very small percentage of the luxury home market. Typically, we find that more foreclosures exist in the under $500K price range, but some of these lesser price foreclosures can have issues or perhaps need repairs.
Lets talk a little bit about bank owned Asheville foreclosures
and what a buyer may encounter if shopping for foreclosures here in the Asheville area or any area for that matter. We have seen foreclosures that are missing cabinets, appliances, lights, doors, HVAC systems, ductwork, fireplaces and other typical permanent fixture items that are usually part of the home when you buy. On the other hand we have also seen some foreclosures that may only missing a stove or range and the home was what we might call move in ready. What are you looking for in regards to a foreclosure? If the repairs on a foreclosure are more of a cosmetic nature then you may want to entertain the thought of looking at foreclosures.
Asheville NC Foreclosures
Be warned that you will not be the only buyer searching for deals and bargains on these lower priced foreclosures. We have seen some foreclosures come on the market and go under contract almost immediately while the ones with issues seem to remain active much longer. Humidity can also be an issue on a foreclosure if the home has sat vacant for long periods of time so you may want to perform an in depth inspection of the foreclosure. There are many great values on non foreclosure homes here in the Asheville area if you working with an experienced real estate broker. We typically perform homes searches in variety of ways when we work with clients and are always trying to find our clients the best homes at the best prices.
Call Green Mountain Realty today at 828.215.9064 for foreclosures
, homes, land and real estate here in the Asheville area.