You're here because like the rest of us schmucks that live here, because we don't know where else to go. Change is different and horrifying. I"m just trying to get out of a house in Southbridge to another house and like the house I"m in, its in another bad neighborhood. Unless you have money and can afford to buy a house on the outskirts of town you will be forced to live in the town and we both know that means the gangs, the drugs, the racing cops, etc. I think as well, we know that what WE can afford wouldn't get us in any better circumstances in any other town...so why move out! Vicious cycle and annoying as hell!!!
There is one-bank-owned home on Maggie Lane priced at $159,000. It currently has an accepted offer, but the bank is looking for back-up offers. There are also two other new homes on Maggie Lane, both priced at $179,900. In both of these homes, only the first floor is finished. The second level is unfinished.
What other questions do you have about this area? I am here to help!... more
in the last 6 months 7 2 families have sold for an average sale price of $164,700. Average days on market is 128 and the sale price to original price ratio is 88% which means the properties are selling at a 12% discount from their original price .. Pretty big discount.
I would agree with the previous posts. For a professional investor/contractor yes because they can get repairs and other work done quickly and efficiently. You really need to sit down with your lender and have substancial reserves to comfortably work through any issues that spring up. In the real estate world, risk should = reward, big risk should mean big reward but can mean big headaches. Most of the foreclosures I've seen lately the routine maintenance became a victim when the owner couldn't afford the home. Be very cautious and research everything you can to make the most informed decisions. Good luck with your endeavor.... more