I live in Coppell and list foreclosed homes for banks and lenders and
help buyers buy foreclosures as well.
I will be glad to help you.
Rare do we see discounts of 50%, especially in the Coppell area.
You can see 50% discounts, but typically at that price the homes will need a lot of work.
If you can stand to buy ugly and fix...those are the best values on foreclosures.
Buying ones in this area that are more typically move in ready or close to move in ready
might yield a 10% discount, maybe 15-20% discount to market depending on condition and
There are other good deals around other than foreclosures.
Keller Williams Realty
50% below market value IF in 1st tier city here in Dallas are usually extremely distressed properties which have foundation problems cost $20K or more repair. OR much work make it move in ready. Most of these properties lenders may not approve.
Are you paying cash? Or lender approved ? In order for a Realtor work with you that letter governs how represent you.
IF homes were 50% or more below market value in Coppell I would personally purchase those I all ready own property in the community GREAT area !
If you are searching purchase foreclosures keep in mind that bank my not accept your sales offer may never respond be ready to place multi offers on many properties. Foreclosures can take approx. 90 or more days to close .
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Coppell is a great area that has not been hit so hard by foreclosures but there still def are some.
Please don't hesitate to call me today and I can let you know some great advantages to working with me.
Foreclosures are great deals, you are correct in your assumption. Also, sometimes you can get them for 50% off of market value, but that market value was as of 2006-2008, not the current listed price. I would check http://www.realtor.com/ for a REALTOR in your area, they are held to higher standards than other agents. The REALTOR you find will be able to get you a list of foreclosed homes very easy with their MLS, banks require that homes be listed on the local MLS prior to selling, in most areas. Good Luck!