Tyngsborough Foreclosures

Bank-Owned Properties

With median home values of $386,899 that are expected to rise almost 4 percent by 2019, a bank-owned property is a good option to consider. Only about 1.2 percent of properties were delinquent on their mortgage in the first part of 2018.

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With this being the case, you will want to act fairly quickly and seek the help of a real estate professional to guide you through the process, which might seem complicated. Regardless of how much experience you may have had buying property in the past, you're likely to find these types of purchases a lot different.

One of the things that you should always do is keep an open mind throughout the property search. Bank-owned properties have competitive pricing in most cases, but the lowest-priced property might not be the very best.

Some of the things you might have to think about include repairs to make when you take possession and liens or unpaid taxes. However, even with all these factors taken into consideration, you might still manage to get the perfect property for far less than you would have paid at regular market value.

An agent who provides buyer representation for bank-owned properties could be your most valuable ally. Because this type of buying process is so different from other real estate transactions, you don't want to leave anything to chance.

Always keep your budget in mind when making your choice. Having the financing or cash that you're going to need ahead of time makes the process easier all around.

Doing a little bit of homework ahead of time is always better, even if you have the help of an agent. If you understand the basics, you'll be able to make better decisions and have a better idea of what's going on the whole time.

Don't let the prospect of having to buy the property as-is put you off. Many of these homes and other buildings may have been vacant for months, but the repairs and upgrades you make are likely to drastically increase the property's value.

Should you intend to use your purchase as rental or other investment property, the upgrades will probably increase the residual income that you receive over a long term. If you contact one of our experienced real estate professionals, you could be enjoying the ideal purchase sooner than you think.

Short Sales

Short sales have some fairly substantial differences from foreclosures, but still, promise the possibility of good prices. Even though a good deal is probably just what you're looking for, you might need to look into things a little more closely so you choose the right property for your needs.

One thing to keep in mind is that these sales are often fairly drawn-out processes. Because of the time these sales often take, you will want to make the most of your planning time while waiting for the sale to complete.

One important thing that many prospective buyers overlook is that these properties are not necessarily in default yet, unlike a foreclosure. Instead, the property has a value that has fallen below the amount left on the mortgage. If approved, a short sale results in the lender accepting a lesser payoff amount.

Researching the properties you're most interested in pursuing a deal can help save you a lot of difficulty. The amount owed to the lender and whether bank possession proceedings have started. With information of this type in hand, you'll have a better idea of how much you should offer.

Working with one of our real estate professionals is one of the best ways to ensure smooth sailing throughout this process. Contac us today to see what we can do for you.

Geographic Information

Tyngsborough, which is also spelled Tyngsboro, sits in a convenient location 28 miles from Boston and on the state line with New Hampshire, also putting Nashua, NH within easy reach. One of the things that stands out the most about the town of about 11,000 is the number of ponds and lakes found within its boundaries, which help provide a unique landscape for his area of Massachusetts.

There are marshland areas in the community, with the Merrimack River bisecting town north to south. The terrain mostly includes wooded areas, gently rolling hills, and cleared fields.

Bus service from the Lowell Regional Transit Authority provides convenient service to the MBTA train station in Lowell. The LRTA bus also provides service to Dracut, putting more locations within easy reach.

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