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Sturbridge Foreclosures

Bank-Owned Properties

Buying a foreclosure in Sturbridge, MA is an experience unlike other types of home sales that even people who have purchased a home before will find somewhat different. Some of the significant differences include:

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This community is a good place to consider buying a bank-owned property. Home values average $278,607 and represent an 8.3 percent change since 2017. The rate of delinquent properties is low, at 1.7 percent, so you want to try to act on this opportunity before they are all taken.

There are usually several properties that you might need to sort through listings for before you find the ideal choice. It's not always an easy process, but it is rewarding in the long run because of the reduced price that you have the chance to enjoy.

One major advantage is that most of these properties are already vacant. You'll be able to move into the property or get a renter moved in a lot faster without having to wait for someone else to move out.

Our real estate professionals can help you find the ideal foreclosed properties that work for your needs and help you through every step of the buying process.

Short Sales

A short sale is different from foreclosure because it usually takes place when the owner is not already in default. In this situation, known as having an "underwater" property, the market value is less than the amount remaining on the mortgage. The lender agrees to accept an amount less than the remaining mortgage amount, agreeing to be left "short" as a result of the sale.

Having a seasoned professional working with you is important because these types of sales are often more complicated than they may appear. Accurate information is essential in all cases to make sure everything works out as smoothly as possible.

One of the best things to do, in any case as a buyer, is making sure you are pre-approved if you are planning to use a mortgage to buy the property. However, it might be worth your while, in the long run, to make the purchase a cash sale for fewer problems.

An inspection is also a good option to pursue early on in the process. There will usually be a date that you will have to have the inspection performed by as part of the sales agreement. Paying careful attention to these dates will help make things go a lot more smoothly for you.

Touching base with one of our real estate professionals is the best way to take full advantage of a short sale. There are a lot of small details to bear in mind that might be easy to overlook. When you work closely with a real estate professional, you will have a smoother process.

Geographic Location

Sturbridge is in Worcester County with a population just shy of 10,000 people. One of the things the town is most well-known for its living history village, which has helped make it a desirable location for anyone who wants to live close to the city of Worcester.

Fiskdale is a neighborhood within the town that boasts 2,000 residents and is also a Census-Designated Place, or CDP. Noteworthy landmarks include Big Alum Pond, a portion of East Brimfield Lake, and Long Pond.

The Town Center is where a large portion of the real estate in this town is found. Buyers searching for properties close to all of the shopping and dining that the town offers will be likely to find something here.

Southbridge and Charlton are to the east of this community. Brimfield and Holland are west of town, and Brookfield and East Brookfield border it to the north. To the south, you'll find the Connecticut towns of Union and Woodstock.

The community offers ready access to Massachusetts' urban areas. Worcester is 16 miles away, Springfield is 29 miles away, and Boston is 55 miles away.

The roads that run through the town and provide easy access include:

Buying a property here is always a smart move, no matter whether you're new to buying property or are a seasoned pro.

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