Oct 5 2018 60967 1

Oct 5 2018 60967 1

There is a lot of jargon for the realty business, and one such phrase that many people don’t know the meaning of is “distressed home sales”. So, what are distressed home sales? Distressed home sales, or distressed property, is when a home or property is needed to be sold in a quick manner, and often suffers loss because of it. Typically, this happens when a property is about to be foreclosed on, so it is being sold at a very low price—often at a rate much lower than its value on the market. Another example of a distressed home sale is a house that is being sold by its mortgage. An important thing to keep in mind, though, that just because the house is being sold for less than its market value does not mean it is being sold for less than it is worth.

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Phone: 208-731-3319
Dated: October 5th 2018
Views: 185
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