Scituate Foreclosures

Bank Owned Properties

Scituate is one of the most beautiful coastal communities in Plymouth County. If your dream is to own a home on the Atlantic coastline, you could find a once-in-a-lifetime deal here. The median home value in this beachfront town is $572,753. The value of homes here has risen by 4.1 percent over the previous year, and market predictions show that they'll rise by at least 2.8 percent within the coming year. The median list price per square foot in this town is $313, marking a price higher than the Boston Metro average of $276. The price of home listed for sale averages $684,450 and theaverage price of homes that sold is $645,300. For every 10,000 homes, 5.4 have gone into foreclosure.

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Whether you have a limited budget or are a long-time investor, you can find some exceptional deals in this community at below the market price. In some cases, you may be able to buy a property for 50 percent or more below the market value. Some buyers purchase a bank-owned home with the intention of living in it while building up equity, making upgrades and selling it. Investors are always in the market for properties to flip and sell for a substantial profit. Whatever your motivation, Boston City Properties can help you with your search for the ideal home. The number of foreclosures that have been completed in Massachusetts has remained pretty consistent since 2014, and it's an excellent time to invest in properties here.

Short Sales

Another way to make wise investment decisions is to purchase properties through short sales. The process is considerably different from conventional real estate deals that are handled by a real estate agent. Short sales allow buyers to purchase properties at greatly reduced prices. However it's essential to understand the differences between the transactions to successfully navigate a sale. The most important tip is to always work with a specialist who has experience with short sales. Depending on market conditions, the lender may be the one to decide that a short sale is the best way to recover a substantial amount of the mortgage loan when the market value of the home has plummeted.

If the homeowner decides to initiate the sale, they must have approval from the lender which includes showing proof that they can no longer make the payments on the property. It's important for buyers to understand how the process works because it can take a lot more time for the sale to be finalized. The real estate professional handling the sale must be familiar with the laws regarding short sales as they differ from conventional home sales. If the lender agrees to the sale, they'll take a loss but not as severe as when a homeowner defaults on their mortgage. A successful short sale essentially means that the lender forgives the remaining debt on the property. Before you take the short sale route, find the most likely properties on which to make an offer. Our database features thousands of the latest listings so you can identify likely properties. Our professionals can assist you with every step of the transaction to ensure the sale goes smoothly.

Geographic Location

Scituate, halfway between Boston and Plymouth, is a coastal town in Plymouth County. The community covers 31.8 square miles with water covering more than 17 miles and is just to the south of the entrance to Boston Harbor. The borders are Cohasset on the northwest, Marshfield to the south, Hingham and Norwell to the west, and Massachusetts Bay to the east. The inland section of the town is wooded, with areas of granite rock and salt marshes in other areas. The community has two MBTA stations off Route 3A and the Greenbush neighborhood. Other areas of the town include Peggotty Beach, Shore Acres, Sand Hill, and the West End.

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