Foreclosures do typically sell for less. When pricing your own home I like to take comparable foreclosures out of the equation and just face the fact it will sell sooner because it is cheaper.
As for condition it is random, I have seen horrible places and I have seen immaculate. If the owner has 30k+ in equity then they should do their best to leave it I. Great condition because they will be getting extra sale proceeds back from the bank.
|