Top 10 best places to buy foreclosed homes in 2012

Top 10 best places to buy foreclosed homes in 2012
After the real estate and housing bubble burst in mid-2000s, which lowered the residential real estate to a whopping 50% below its market value, some states have finally showed signs of recovery and stability.

Some real estate markets have advanced as compared to the others. If you are planning to buy a foreclosed home today, you may have wondered where the best places are.

Let’s take a look at the metropolitan areas that offer the biggest discounts and highest potential return on investment (ROI) to investors and homeowners.

To help you search for a foreclosure bargain, here are the top 10 best places in America to buy foreclosure in 2012.

To come up with the top 10 list, researchers started with the nation’s 100 largest metropolitan statistical areas based on population. Then they short listed by selecting markets with a minimum of 200 sale transactions in January 2012. This was further narrowed by selecting the metros whose average foreclosure sale price was at least 30% below that of the regular price of non-foreclosed homes. Unemployment and sales prices were also considered during the study to come up with the following statistical data.

January 2012 Foreclosure Sales

  • Kansas City
  • Boston
  • Pittsburgh
  • Tulsa, OK
  • San Francisco
  • Cape Coral-Fort Myers, FL
  • Charlotte
  • Tucson, AZ
  • Seattle
  • Columbus, OH
  • Average Sales Price $73,257
  • Average Sales Price $195,672
  • Average Sales Price $73,142
  • Average Sales Price $86,725
  • Average Sales Price $307,803
  • Average Sales Price $102,022
  • Average Sales Price $118,808
  • Average Sales Price $112,660
  • Average Sales Price $212,565
  • Average Sales Price $98,223

Other Articles to Read:

What is a Short Sale?

Short Sale Process – What to Expect

Short Sale Top 10 Questions

Do I Have to Pay for the Real Estate Agents Commission?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents


Stephanie Anson

When choosing a Gainesville, FL short sale agent, Stephanie Anson understands how avoiding foreclosure impacts you and your family’s life as well as those around you. Stephanie Anson is a respected member of the local business community and knows what it takes to prevail. She is one of the most dedicated and committed Gainesville, FL short sale agents. Her experience and emphasis on customer service and satisfaction along with her technological background has been a driving force throughout her real estate career. From the time Stephanie served in the US Navy to now, she takes the time to get to know each of her clients, associates, and industry professionals and forms lifelong relationships with them.

Click Here to Leave a Comment Below 0 comments