Home Buying in Larksville>Question Details

Jackie Armit…, Home Buyer in Cleveland, TN

id like to know who would pay 241,00 foa forclosure

Asked by Jackie Armitage, Cleveland, TN Wed Dec 12, 2012

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It depends on what the home is worth. The fact that a home has been foreclosed on does not determine its value. In our area many foreclosed homes are worth far in excess of that amount.
0 votes Thank Flag Link Wed Dec 12, 2012
Many people would likely pay that price if the home is worth it. I had buyers purchase a foreclosure for 519,000 a while back. Just because the property is a foreclosure doesn't mean the home will sell for less than market value. If the home is in complete disrepair then you can expect to see a price lower than market value, but if the home doesn't need a lot of work expect to pay market value for the home.
0 votes Thank Flag Link Wed Dec 12, 2012
Well, if the home is worth it....do you think just because it is a foreclosure it should be given away for less than its actual market value based on its condition and location?
0 votes Thank Flag Link Wed Dec 12, 2012
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