Savannah Ga Home Foreclosures
Wednesday, September 22, 2010 at 07:51PM 
There are many more foresclosures on the market this year than last year. I've shown quite a few lately and it looks like they are moving fairly quickly at the lower prices. I have noticed, as seems to be the case usually, that these homes are not in good condition.
I always advise my clients to make sure the fix-ups for neglected foreclosures don't eat up any saving in prices. What these foreclosures will do to home values in neighborhoods with many foreclosures, it's difficult to say, so anyone buying a foreclosure needs to take falling home values in a neighborhood into account if they think they might be selling in the next few years.
Low prices never say anything about value, so make sure you are taking everything into account when looking for a foreclosure.
The picture is not a foreclosure -- I just like to add something visual to give a feel for the diversity in homestyles around Savannah.
Reader Comments (3)
cool! thank you so much for sharing your knowledge to us.. very well appreciated!
cool! thank you so much for sharing your knowledge to us.. very well appreciated!
Many people think we have survived the worst of the economic recession, and we are operating in an increasingly stable real estate market that’s on the mend. It seems more likely, however, that 2010 will actually be the peak of the foreclosure cycle, with up to four million newly-foreclosed homes. But what about tax credits, and the increasing number of sales recently? Well, they’re not all they’re cracked up to be.