Foreclosure and Non-foreclosure Homes
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Bruce Swedal
May 4, 2013, 6:50:02 PM5/4/13
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Please consider this free-reprint article written by:
Bruce Swedal
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Article Title: Foreclosure and Non-foreclosure Homes
Author: Bruce Swedal
Word Count: 508
Article URL: http://www.isnare.com/?aid=616894&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=616894
Easy Publish Tool: http://www.isnare.com/html.php?aid=616894
*********************** ARTICLE START ***********************
There are a lot of differences between a foreclosure and a non-foreclosure home. When a person buys a foreclosed home, the closing process can take longer than a non-foreclosed home. This is due to the amount of paper work involved with releasing the home from the bank or lender. Foreclosed homes are also more competitive in the market because there could be many than just one or two offers. A foreclosed home is a home that has been repossessed by a bank or a lender. It then becomes the property of the bank, until resold to another buyer at what is usually a lower price. There could be a significant difference in the price of a foreclosed home, as opposed to a non-foreclosed home. Often times this is due to the condition of the property. In some areas there are more foreclosures being sold than non-foreclosed homes. Even though it is a buyer�s market right now, non-foreclosed homes and foreclosed homes are affected differently because they are in separate markets.
Non-foreclosures are regular homes that are being sold by owners who want to use the money to buy a bigger home, or to move into a smaller place. These homes are not behind in payments, or in default. This puts these types of homes in a separate market than foreclosed homes. Sellers who are selling non-foreclosed homes may be more negotiable on the price, due to the buyer�s market. Part of what has caused the buyer�s market is the increased number of foreclosed homes in comparison to non-foreclosed homes. Most non-foreclosed homes are selling at higher prices compared to foreclosed homes because of the poor condition that most foreclosure homes are in. There is a dip in prices for foreclosed homes when compared with non-foreclosure homes. One of the things needed for the real estate market to begin to stabilize is a return of a more natural balance when comparing foreclosed homes to non-foreclosures.
Sellers who are selling a non-foreclosed home should look at the area where they are selling their home to find out if there are a lot of foreclosures in their area because this could negatively affect them when trying to sell their home in a quick manner. Most people are buying foreclosed homes because they are much cheaper. Even though both markets are separate from each other, they can still affect each other in a buyer�s market. Most distressed homes are already in foreclosure. There are not as many home owners who are starting the foreclosure process. Most of them have already walked away from their homes. In a few years, the number of foreclosed homes will return to a more natural balance and the non-foreclosed homes will take dominance once again.
That is one of the reasons it is important to act now if you are considering any property purchases in the next couple years. Getting in while the pricing is advantageous for the buyer is the right time for a good deal.
About The Author: http://www.bruceswedal.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=616894
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Bruce Swedal
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=616894
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=616894
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Foreclosure and Non-foreclosure Homes
Author: Bruce Swedal
Word Count: 508
Article URL: http://www.isnare.com/?aid=616894&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=616894
Easy Publish Tool: http://www.isnare.com/html.php?aid=616894
*********************** ARTICLE START ***********************
There are a lot of differences between a foreclosure and a non-foreclosure home. When a person buys a foreclosed home, the closing process can take longer than a non-foreclosed home. This is due to the amount of paper work involved with releasing the home from the bank or lender. Foreclosed homes are also more competitive in the market because there could be many than just one or two offers. A foreclosed home is a home that has been repossessed by a bank or a lender. It then becomes the property of the bank, until resold to another buyer at what is usually a lower price. There could be a significant difference in the price of a foreclosed home, as opposed to a non-foreclosed home. Often times this is due to the condition of the property. In some areas there are more foreclosures being sold than non-foreclosed homes. Even though it is a buyer�s market right now, non-foreclosed homes and foreclosed homes are affected differently because they are in separate markets.
Non-foreclosures are regular homes that are being sold by owners who want to use the money to buy a bigger home, or to move into a smaller place. These homes are not behind in payments, or in default. This puts these types of homes in a separate market than foreclosed homes. Sellers who are selling non-foreclosed homes may be more negotiable on the price, due to the buyer�s market. Part of what has caused the buyer�s market is the increased number of foreclosed homes in comparison to non-foreclosed homes. Most non-foreclosed homes are selling at higher prices compared to foreclosed homes because of the poor condition that most foreclosure homes are in. There is a dip in prices for foreclosed homes when compared with non-foreclosure homes. One of the things needed for the real estate market to begin to stabilize is a return of a more natural balance when comparing foreclosed homes to non-foreclosures.
Sellers who are selling a non-foreclosed home should look at the area where they are selling their home to find out if there are a lot of foreclosures in their area because this could negatively affect them when trying to sell their home in a quick manner. Most people are buying foreclosed homes because they are much cheaper. Even though both markets are separate from each other, they can still affect each other in a buyer�s market. Most distressed homes are already in foreclosure. There are not as many home owners who are starting the foreclosure process. Most of them have already walked away from their homes. In a few years, the number of foreclosed homes will return to a more natural balance and the non-foreclosed homes will take dominance once again.
That is one of the reasons it is important to act now if you are considering any property purchases in the next couple years. Getting in while the pricing is advantageous for the buyer is the right time for a good deal.
About The Author: http://www.bruceswedal.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=616894
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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