Medford Foreclosures

Do you need accurate information about foreclosures in Medford, MA? If you want to enjoy the considerable savings that go along with purchasing foreclosed homes, your first step should be signing up with Boston City Properties. By doing so, you'll gain free access to our vast database of up-to-the-minute Boston real estate listings, which includes listings for Medford foreclosures. We can also connect you with experienced foreclosure experts in the area.

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Be Savvy when Buying Foreclosures in Medford, MA

As true as it is that you can save a bundle by purchasing foreclosures, short sales and bank-owned properties in Medford, MA, the process is much different than buying a regular property. Avoid wasted time by connecting with Boston City Properties from square one. That way, you will begin your search with the latest and best information regarding foreclosures in the area.

A few more tips for buying foreclosures in Medford include:

• Pay Cash or Get Pre-Approved - Whoever owns the foreclosure only wants to deal with serious inquiries. Paying cash is a great move. If that's not possible, get a pre-approval from your lender before checking out foreclosures in earnest.
• Cover Your Bases - Because foreclosures are normally sold as is, you won't have any recourse if you discover something wrong after closing. Always have an inspection performed before committing to buy a foreclosed home in Medford. While you're at it, have a title search performed to ensure the title is free and clear.
• Kick-Start Your Search with Boston City Properties - Accurate information is the key to finding great deals on Medford foreclosures, so sign up for free access to our real estate listings right now.

Search Listings for Medford Foreclosures Today

In a matter of minutes, you could be browsing through the latest listings for Medford, MA, foreclosures. Simply complete the form to sign up for access to Boston City Properties' database of real estate listings. Keep in mind too that we have foreclosure experts ready and willing to assist you. We look forward to helping you find a great deal on a Medford foreclosure, so contact us today.

Overview

Located only three miles from Boston’s downtown, this city is divided into a number of different neighborhoods, including Station Landing, West Medford, The Hillside, and Lawrence Estates. Each area has its own amenities; The Hillside is located near Tufts University, while West Medford is bordered by the Mystic Lakes State Park, which flows into the Mystic River. The average purchase price for a bank owned property here is $260 per square foot, while short sales tend to average $300 per square foot. A large portion of the housing stock in this area was built before 1920.

Bank Owned Properties

Many of the older properties in this city have a large number of bedrooms with a relatively smaller number of bathrooms. For houses built before 1910, it is not uncommon for a home to have six bedrooms and two bathrooms. Luckily, the rooms in these houses can often be quickly converted for those homeowners looking to have an equal number of bedrooms and bathrooms. In some cases, homeowners purchase these properties to create gigantic master suites from two or more bedrooms by knocking down a wall or converting a bedroom into a walk-in closet. Essentially, the opportunities for renovation are limited only by one’s imagination and budget.

Many of these homes also have unfinished basements, which can become beautifully furnished additional rooms or, in some cases, separately accessible units within the house. Generally speaking, most single family homes that are sold by the bank are located on their own private lot, with a backyard or an ample frontage that leads up to the street. This additional room makes it easy to undertake different remodeling projects, or to simply change existing features without unduly disturbing neighboring homeowners. The residential neighborhoods here tend to feature tree-lined streets, well maintained roads, and easy access to public transit, making properties purchased within this region not only beautiful, but excellent investments.

The newer properties in town often are condos or apartments that feature beautiful city views and an array of elegant appliances. Some of these developments have subterranean parking or attached garages which can double as storage space. The footprints for these units tends to span at least two floors, with the shared living spaces on the first floor and the bedrooms and bathrooms clustered on the second floor. Exterior balconies or decks are common, and usually are accessed via a set of sliding glass doors from the principal living area. Some units offer privacy walls around the decks so that those who sit on the decks can’t be seen from the outside, while others have only a railing. Most of these units, especially if they were constructed after 2015, are highly energy efficient.

Short Sales

In terms of short sales, this city offers the best of Victorian-style architecture paired with the latest luxurious interiors. Many houses that come to market this way tend to feature triple pane windows that light large interiors with freshly laid hardwood floors. Built-in shelving from pristine oak and pine is common in both the living and dining areas. Depending on the age of the home, the dining room may be a separately walled area, or it may seamlessly flow into the living area. Either way, elaborately detailed arched dividers, usually carved out of wood, demarcate the boundaries of each room. Wainscoting is common, as are grand staircases with wooden banisters. In some homes, the staircase will feature an exceptionally large landing which can be used as a staging area for a few select pieces of furniture, or as a kind of de facto mezzanine that allows visitors to take in an elevated view of the rest of the house.

The kitchens invariably are beautifully outfitted, with the latest stainless steel appliances, granite countertops, and a fully functional island that has seating along one side. These kitchen islands can be quite large, and sometimes become the unofficial dining area of the house. The kitchens tend to be laid out in one of three basic configurations; galley, U-shaped, or L-shaped. The galley kitchens can sometimes stagger their parallel countertops so that ten or more feet exists between the two countertops, allowing enough room for an individual island in the middle. However, most galley kitchens are compact and do not feature an island. The U-shaped and L-shaped versions, however, usually incorporate the island at the tail end of their layout, creating a gateway to the dining and living areas.

In some kitchens, the opaque cabinet doors above the food preparation areas are replaced with semi-translucent doors that reveal the contents inside. Other kitchens feature a miniature wine-rack in place of the cabinets, and yet others do away with most of their cabinets, featuring instead a hanging iron rack on which pots, pans, and other cookware can hang suspended above the food preparation area.

Bank Owned Properties

Residential real estate owned by financial institutions often interests home seekers and investors in Massachusetts. Sometimes these properties offer exceptional value. If you've decided to search for homes in this category, consider requesting assistance from Boston City Properties.