Why Now Is A Good Time to Buy A Foreclosure Home

Although nationally the housing market is in poor condition and the Western North Carolina real estate market continues to be challenging for clients trying to sell property, conditions are favorable for home buyers or investors who are looking to purchase foreclosure homes. The current real estate market presents opportunities to obtain a home in a prime location for an exceptional price. Several signs indicating that now is a good time to take advantage of these opportunities are:

Low-level median sales price of homes, close to prices last seen in 2002, are creating bargain opportunities for buyers.

A varied and plentiful choice of homes and location due to the substantial inventory of foreclosed homes.
Mortgage rates continue to be at historic low levels.

There are many foreclosures looming in Western North Carolina and NC Mountain Realty Group can help you locate them. Contact Lisa Grefe, the first real estate broker in Western North Carolina to earn the FORCE designation and an REO/Foreclosure Specialist, I am dedicated to assisting clients in identifying the best deals in the top communities, including foreclosures.