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Sharon Foreclosures

Bank Owned Properties

If you're searching for foreclosure sales in the Boston area, Sharon is an excellent town to consider. The median value of homes in this community is $541,253. The value of homes here has risen by 3.2 percent from the previous year, and market statistics show a continued increase over the next year of a minimum of 2.9 percent. The average price per square foot in the Boston Metro area is $276, while in this community it's $297. If you're looking for profitable real estate investment, this is a good place to begin your search. The average price of homes that have recently sold is $462,900. Homes currently on the market are listing at a median price of $612,400.

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One of the biggest advantages of buying bank-owned homes in this area is that they begin to gain equity when you take possession of the property. You'll save a substantial amount of cash since you're buying the home at below the market price. Regardless of the state of the economy, you'll be happy with your decision to buy a foreclosed home in this town. Upgrading the home and flipping it or living in it and selling, later on, are both options to consider.

Although a lot of buyers want to buy a home that's in move-in condition, a bank-owned home will cost considerably less. Even if you have to do a conversion from a single home to condos, you can still buy the property and do the necessary repairs for less than the market value. When you're considering buying a bank-owned home, timing is the keyword. The market has thousands of homes listed that are selling below market prices, and there's a lot of competition for prime properties. In this community, 2.9 homes for every 10,000 fall into delinquency and are taken over by banks. Working with professionals who understand this segment of the real estate market can assist you in locating the properties that suit your needs.

Short Sales

Short sales are an attractive option for buyers looking for a home they can buy for a lower cost than the asking price. When the owner of a home owes more on their mortgage than the home is worth, the most viable solution may be a short sale. One aspect of this type of transaction that differs from a conventional home sale is that it can take a lot longer to be finalized. While a typical sale of a home may be finalized in a matter of weeks, a short sale can take several months due to the amount of documentation that's required. You should always consult with a professional familiar with the short sale.

Getting pre-approval for a loan before you start searching for short sale properties shows a lender that you qualify and are serious about the purchase. A home inspection is something that's a necessity and could save you a lot of money by identifying potential problems. If a property has been vacated for a lengthy period, there could be damage or problems that aren't immediately visible. It's in your best interest as a buyer to handle any potential issues before the sale is finalized.

Geographic Location

Sharon is part of the Greater Boston region, 17 miles to the southwest of the city. The town's land mass encompasses more than 23 miles, with Lake Massapoag the most popular recreation area. Three percent of the community is water. The lake flows into the Taunton River which continues into Narragansett Bay. The Canoe River is to the south of town. The community is bordered by the following towns:

Moose Hill Wildlife Sanctuary and Borderland State Park feature a lot of scenic nature trails that are favorites with residents.

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