The economy is creating a strange situation. On the one hand, people are in tight spaces and are being forced to face reality and leave their homes via distressed sales like a Short Sale or Foreclosure.
On the other hand, home prices in Western Massachusetts have hit what many consider the bottom and interest rates are the lowest we are likely to to see in our lifetime. This creates a great buying environment, especially for investors and first time buyers.
Here are some interesting facts that were brought up at the Massachusetts Association of REALTORS state conference earlier this fall…
– They just raised the “Right to Cure” in Massachusetts…. It’s a minimum of 150 days before and bank/lender can start foreclosure proceedings… (This is due to the volume of foreclosures)
– 1 out of every 3 properties in Massachusetts are distressed…
– 34% of all sales (2010) were first time home buyers…
– 13% of all sales are short sales …
– 27% of all sales are foreclosed properties.
– 22% of all sales are investment properties.
– 35% of all sales are cash sales.
If you are a homeowner in Western MA that needs help with a distressed sale, I have the experience it takes to get your home sold and help you move on with your life.
If you are a home buyer in Western MA, I can help you to find the best opportunity for you no matter if you are a first time buyer, investment buyer or move up buyer.
Contact me, Lesley Lambert of Park Square Realty at 413-575-3611 or use the contact me button to the left of this post.
Related articles
- Foreclosure Properties for sale in Westfield, MA 01085 (westernmahomes.net)
- Why NOW is the right time to sell your Western MA Home (westernmahomes.net)
- FREE Short Sale Seminar in Western MA (westernmahomes.net)
