.

Falls Church Foreclosures: Do Buyers Save Money?

Falls Church Foreclosure/Non-Distressed Sales Comparison
Falls Church Foreclosure/Non-Distressed Sales Comparison

Many potential homebuyers will consider buying a foreclosed home because conventional wisdom says they will be able to purchase a home at a discount. Yet are foreclosures in Falls Church sold at a reduced price?

When looking at the median sales price, Falls Church foreclosures are sold 30% less than the average non-distressed home (not a foreclosure or short sale.)  According to RealtyTrac, the nation’s largest foreclosure reporting firm, in September of 2013 the median sale price of a non-distressed home in Falls Church was $475,000; while the median sales price of a foreclosure in Falls Church was $331,381; a 30.2% reduction or $143,619 savings.

If you’re searching for a home or foreclosure to purchase in Falls Church or any Northern Virginia county, search online at http://www.virginiaproperties4sale.com

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »