A. Foreclosures are affecting market conditions in our area by adding additional inventory to an already abundant supply. The foreclosing lenders understand that price influences how quickly a property will sell. Because the lenders want these properties off their books “asap,” they price aggressively. Foreclosures often sell first as buyers recognize the apparent value.
/wp-content/uploads/2016/12/Hodnett-Cooper-Gray-300x96.png00hodnettcooper/wp-content/uploads/2016/12/Hodnett-Cooper-Gray-300x96.pnghodnettcooper2009-03-06 16:12:372009-03-06 16:12:37Real Estate Q&A: How do foreclosures affect the market?