Trying to find foreclosure listings right now almost feels like a bad game of “Hide and Seek” for many homebuyers. They are attractive options to many homebuyers because they offer a budget friendly way for many buyers to acquire a home without having to go through the traditional home buying process. However, since it’s so tough to find these bank foreclosure properties right now, many homebuyers are turning away from this method of buying since it seems so discouraging.
Since foreclosure listings seem to have disappeared into thin air, some buyers are wondering if the foreclosure crisis is over. Are foreclosures still a viable nontraditional alternative for purchasing a home? Currently, foreclosures continue to occur on a regular basis and they still can provide an excellent home buying method. The key is for buyers to learn why these listings have disappeared and where they can find good listings for bank foreclosure properties.
Helping homebuyers solve this problem is RealtyStore.com. This website provides helpful listings that encompass many property types, including short sales, rent to own homes and more. RealtyStore.com is also an excellent resource that buyers can use to find bank foreclosure property listings.
Although it’s tough to find foreclosure listings on the web and in local papers, RealtyStore.com has a full database of listings that buyers can search through to find the perfect property for their home buying needs. Instead of playing “Hide and Seek” trying to find listings in other locations, homebuyers can use the helpful database offered by RealtyStore.com, complete with a search engine that makes it easy to find local listings.
Homebuyers interested in buying a home in New Jersey may want to consider the purchase of a short sale. After all, when it comes to a short sale NJ is following the same trends seen across the nation, with many lenders happier to work with buyers to avoid the cost of a foreclosure. When considering short sales in New Jersey, it’s important to consider the advantages and disadvantages before making a decision.
Top Advantages to Consider
Regarding a short sale NJ has many advantages to offer homebuyers today. One advantage of choosing this buying route is ability to purchase these homes far below current market value. While the lender will have to decide on the price they will accept, most sale prices are significantly lower than the value of the home, allowing buyers to enjoy buying more home for their money.
Another advantage of short sales is that they come with disclosure protection, which can be helpful to buyers. When purchasing foreclosure, disclosures on the home are not provided, which leaves buyers unaware of potential issues. Buyers don’t have this problem with a short sale.
Of course, when considering a short sale NJ offers some very specific benefits to buyers. Unemployment is going down, the median income in New Jersey is quite high and the climate offers a warm summer and cold winters.
A Few Disadvantages
On the other hand, a few disadvantages must be considered before purchasing a short sale. Although New Jersey offers many benefits to those relocating to the area, when it comes to buying a short sale NJ has the disadvantage of recent job losses. Unemployment rates are still falling, but the area has lost some jobs as well. Specific to the short sale, buyer delays can be a big disadvantage to consider, since the bank has to deliberate before the transaction can go through. Negotiation challenges and higher risks are disadvantages that must also be contemplated before deciding to go this purchasing route.