Foreclosures, Short Sales and REOs
While the distressed home market hasn’t had quite the impact it has on other areas, searching for and finding a short sale or bank owned home can be a great way of purchasing a below market property. These opportunities do have challenges however and it’s important to use a realtor who specializes in these types of sales. Short sales and foreclosures were prevalent around 2008-2010, they’re almost non-existant in the current market. As prices inflate quickly we may soon see these opportunities on the market once again.