or bank owned homes can be a good deal for many home buyers if you are working with an experienced Realtor and understand many things about foreclosures
here in the Asheville NC area. The majority of foreclosures here in the greater Asheville area seem to be in the under $300K price range. It is our personal experience that the more expensive foreclosures tend to have fewer problems associated with them. Once again, savvy real estate buyers may be able to get a great deal if their goals are realistic when it comes to foreclosures. Many clients like working with Green Mountain Realty because we are licensed contractors as well as Realtors and give clients access to our sub-contractors and suppliers.
Understanding Asheville NC Foreclosures
There is a great deal of incorrect information floating around when it comes to foreclosures and especially here in the greater Asheville NC area. Many people think that banks are giving away these foreclosures and bank owned homes for pennies on the dollar and this is not the case generally in the Asheville area. Banks in many cases have waited for months and years to take a home back from its owner and many of these foreclosures are in need of repairs and some even have serious foundation or structural issues due to years of neglect by the home owner. Simple things like not keeping the homes gutters cleaned for many years can introduce sufficient amounts of water into the homes foundation to cause problems. We see these types of foundation problems on homes all the time.
Asheville NC Foreclosures and Bank Owned Homes
Sorting Through the Local Asheville Foreclosures
Once again, if you sort through the foreclosures quickly as they come onto the market you may be able to get a great deal. We see investors all over these local foreclosures as soon as they hit the multiple listing databases. The good deals in the lower price ranges usually go quickly. Once again, the best deals on foreclosures can be found for the owner occupied clients looking for a home in a more expensive price range. We saw a brand new luxury home that had never been lived in sold for about 40% off tax value this past year and that home was a real bargain in our opinion. Foreclosures are not for all buyers but the serious and patient buyer with good financing or cash in hand can get some good deals these days. We also find our clients the more motivated sellers and in many cases can find clients homes at foreclosure prices that are not into foreclosure yet.
Call Green Mountain Realty
today at 828.215.9064 for homes, foreclosures, land and real estate here in the Asheville NC area.