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Stoughton Foreclosures

Bank-Owned Properties

Stoughton, like other communities in Massachusetts, has seen its real estate values rebound since the Great Recession of 2008 ended. Home values have risen 10 percent since 2017, with a median value of $372,915, making a lot of buyers eager to cash on the low prices they can get from buying a foreclosure.

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Regardless of whether your goals include investment property or the perfect home for yourself, bank-owned properties should be under your consideration, especially with 2.1 percent of properties in this town having delinquent mortgages. Even though you might have to fix the property up a little if it's been vacant a while, you'll still likely find the price just right and can expect a 4.8 percent price increase.

Once you've decided you're ready to buy a bank-owned property, you'll want to act fast, regardless of what you're buying the property for. While it might seem like foreclosed properties are fairly common, they don't usually last long once buyers become aware of them.

A healthier economy since the end of the housing crisis has kept the numbers of bank-owned properties somewhat lower. However, regardless of how many of these properties are on the market, buying one is never a bad choice. Getting a property with a lower price, even if it requires work, is still highly likely to save you money.

Loan options that are designed to also help with modernizing and repairing a distressed property can be helpful for some buyers. Professionals who work in real estate can help you see which lending products are the best to help you buy the right property for all your needs.

A real estate expert with experience in the Massachusetts housing market is crucial to your success. One thing that these experts can do is help you tailor your search to find properties that meet all your criteria. You'll be getting ready to make a deal on that perfect property in no time.

Short Sales

Many buyers owe more on their homes than the properties are worth are very eager to go ahead with a short sale. Pre-approval is vital for both the buyer and seller in these often-complicated sales.

Sellers who lack equity and are unable to repay the difference between the sales price and loans will be able to get permission from their lender to go forward with the sale. During the time leading up to the sale, it's very important to make sure all the information is accurate, and everything is proceeding as it ought to for this type of transaction. Working with a professional is the best way to make sure everything proceeds as you expect it to.

One option that is possibly worth considering is having the transaction be a cash sale, which can be helpful if paying a higher price than you're approved for becomes necessary. You also have the right to ask for an inspection during the process, which can help you spot any possible areas of concern.

If you've decided you're ready to give a short sale a try, one of our experienced real estate professionals can help you get everything moving along.

Geographic Location

Stoughton stands out for its smaller population, as well as its location. A population just shy of 27,000 provides a friendlier small-town environment. Some of the important things about this community's location are:

Bordering towns are:

Like other towns in this part of the state, the town is on the MBTA line, providing service to South Station in Boston. There is also local bus service, courtesy of the Brockton Area Transit Authority, known as BAT.

When you're buying a property, getting the help of a real estate expert who knows the local market and the process well makes all the difference. Contact us today to learn more about what we can do to help you meet your property-buying goals.

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