Walpole Foreclosures

Bank-Owned Properties

Buyers interested in a house or other property in Walpole may want to consider the possible benefits of buying a foreclosure. Your budget will play a major role in this process, as well as both the help and advice of an expert to get you through the process.

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Getting a great deal in a community where average prices are around $494,637 is always a great incentive. Lenders are often receptive to selling at discounted prices to reduce the number of properties they are holding on to.

Some of the possible advantages of buying properties at reduced prices include buying bigger properties in better neighborhoods and buying properties that are easy to use as investments. Properties can be in any condition ranging from fixer-uppers to pristine condition.

Bank-owned properties also come in every type and price range. Large, estate-style houses are just as likely to be available as modest condo properties.

Buying below market rate has advantages both for personal and investment reasons. Average values that may rise as much as four percent in the next year are a great incentive for those who intend to sell the property later or perhaps lease it out.

Making sure you have the help of a buyer's agent is vital because buying any distressed property is a careful process. Some of the things you may need to consider include:

• The property's overall condition
• Debt related to the property, like loans or taxes
• Fewer loan options

Our of our buyer's agents will be able to help you through all the complexities of these transactions.

Short Sales

If you're bargain-conscious, a short sale may be a good option to consider. As with bank-owned properties, there are several things that you should keep in mind.

A short sale is a type of transaction that occurs when the seller owes more on the mortgage than the property is worth. Under these circumstances, the lender will often agree to take less than the amount owed, leaving them "short".

You'll need to keep your financial situation in mind when making a decision about buying a short sale property. Because you'll need to handle most repairs after taking possession, these need to be considered in your overall budget.

Unlike most conventional real estate sales, short sales can be somewhat lengthy processes. You'll need to keep this in mind when you're trying to figure out things like securing your financing, what you need to do regarding selling other properties you own, if applicable, and when you want to move into the property or otherwise start using it.

If the short sale property is an investment property with tenants, having a plan for handling a possible eviction is necessary. Using an experienced buyer's agent can help you avoid these types of problems.

Any sale that involves a distressed property is often well-described as being a bit of a wild ride with a lot of unexpected twists. However, one of our experienced real estate professionals will help make this process easier to get through.

Geographical Information

This town enjoys a convenient location about 13 miles from Boston and 23.5 miles from Providence. With a population of around 24,000, there is a nice small-town atmosphere coupled with the conveniences of living fairly close to both cities.

One of the nicest things about living in this area is having access to so much recreational space. Francis William Bird Park has several ponds, tree groves, meadows, and granite bridges that cross over streams. Other park amenities include an outdoor stage, basketball and tennis court, and bike racks.

There is commuter rail service here that travels to South Station in Boston, helping to save a lot of travel time. You'll also find a bus route running through town, which makes getting around the area without a car convenient.

Regardless of how you intend to put a bank-owned or short sale property you purchase to use, having the right experts on your side will make the whole process even more worthwhile. Contact us today to see what we can do to help you in your search and property-buying process.

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