The real estate market in Jacksonville, NC is currently shifting, making it a great opportunity for home buying, especially with the large number of foreclosure homes on the market. In fact, 49% of homes sold recently are foreclosure homes, which is the highest number we've seen in years. Resale home sales are up 29% from where they were this time last year (not including foreclosure homes) which is a great indicator that home buying activity has increased.
While new construction home sales have been dominating our market for the last few years, we've noticed a decline since September last year. Which is great news for homeowners who might be interested in selling.
Buying a foreclosure home in Jacksonville, NC is attached with a certain amount of risk, as with any home purchase. However, with considerable due diligence, homebuyers can potentially buy a home with no to little repairs and walk through their front door into significant equity! The home buying process with foreclosures is very similar to a normal purchase, but there is usually less negotiation. Working with an experienced REALTOR® can help with navigating the process and ensure a happy ending to the home buying process, whether with foreclosures or a traditional sale.
With the prevalence of foreclosure homes in the Jacksonville, NC real estate market, now is a perfect climate for real estate investment. Many homes qualify for financing and are ripe for picking, whether for flipping, or long term investments. If you, or someone you know, may be thinking of investing in real estate, our team of professionals is experienced with real estate investment and can easily help you identify possible properties and determine if the numbers will work.
Call Amanda if you're thinking about buying or selling a home in Jacksonville, NC! 910.545.0450
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