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how much for a foreclosure?
looking for a three to four bedroom with a basement a nice backyard, and open space in and out the house
Asked By Cedric Banks | i don\'t know, FL | 88 views | Affordable Housing | Updated 1 month ago
Answers(4)
Josephine & Raj Sharma
Legacy Homes Realty
Foreclosure prices varies on many factors, location, condition, demand, size etc. check on website for your local foreclosure inventory or contact your local real estate expert to send you list of foreclosure homes in your search criteria to get an actual pricing.
- 2 weeks ago
Helpful (2)
Unhelpful (0)
Amanda Courtney
REP Realty Group
Budget for 15% off market value, but 20% in repairs.
Foreclosures typically sell at a 10% to 20% discount compared to traditional listings. However, the "price" isn't just the bid. You must account for:
Cash is King: Most auctions require immediate cash or hard money.
The "As-Is" Tax: Expect zero repairs from the bank. If a house is 15% cheaper but needs a $50k roof, you haven't saved a dime.
Hidden Liens: Always run a title search; you could inherit unpaid property taxes or HOA dues.
Foreclosures typically sell at a 10% to 20% discount compared to traditional listings. However, the "price" isn't just the bid. You must account for:
Cash is King: Most auctions require immediate cash or hard money.
The "As-Is" Tax: Expect zero repairs from the bank. If a house is 15% cheaper but needs a $50k roof, you haven't saved a dime.
Hidden Liens: Always run a title search; you could inherit unpaid property taxes or HOA dues.
- 2 weeks ago
- Helpful (0)
- Unhelpful (0)
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Cassidy McWherter
Orlando's Finest
Foreclosure pricing varies significantly based on location, condition, and whether it’s bank-owned (REO) or a short sale.
Many people assume foreclosures are automatically “cheap,” but in today’s market, they’re often priced competitively and can even receive multiple offers — especially if they’re in decent condition.
For a 3–4 bedroom home with a basement, yard, and open layout, pricing will be driven more by neighborhood values than foreclosure status.
The best approach is to:
• Get pre-approved
• Identify target neighborhoods
• Monitor bank-owned listings
• Factor in repair costs
If you’d like, I can help you look at foreclosure inventory in your area and evaluate whether they’re truly discounted or just marketed that way.
Many people assume foreclosures are automatically “cheap,” but in today’s market, they’re often priced competitively and can even receive multiple offers — especially if they’re in decent condition.
For a 3–4 bedroom home with a basement, yard, and open layout, pricing will be driven more by neighborhood values than foreclosure status.
The best approach is to:
• Get pre-approved
• Identify target neighborhoods
• Monitor bank-owned listings
• Factor in repair costs
If you’d like, I can help you look at foreclosure inventory in your area and evaluate whether they’re truly discounted or just marketed that way.
- 1 week ago
- Helpful (0)
- Unhelpful (0)
Carmen Gonzalez
Horizon West Realty
Foreclosure prices will depend on the type of property, area, and market. Currently, there are not too many foreclosure properties, but an agent can help you identify what is available in your prefered area. Properties in Florida typically do not have basements.
- 2 weeks ago
- Helpful (0)
- Unhelpful (0)
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