40 Foreclosures UNDER $400K In Tallahassee
Tallahassee has far fewer sellers in distress today than we have had in previous years, but that does not mean the foreclosure market has completely gone away.
Today, we feature 44 foreclosures for sale in Tallahassee, and all of them are priced below $400,000.
Foreclosures For Sale In Tallahassee
The following list shows all active foreclosure listings in Tallahassee. We constantly update this list (forever), so you can bookmark this page if you like to follow the foreclosure market.
Distressed Home Sales In Tallahassee
The following graph measures all distressed home sales as a percentage of the overall market. Distressed sales include foreclosures, bank owned, and short sale properties.
The graph above shows all home sales each year from January through September. Arms-length home sales are plotted in green, while distressed property sales are shown in red. The red-dotted line reports the percentage of distressed sales compared to all home sales each year.
It's interesting to note that the number and percentage of distressed sales have moved up slightly this year. This is something worth keeping an eye on, as the first sign of problems in our housing market will very likely come from distressed properties growing at an alarming rate.
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How To Buy A Foreclosure In Tallahassee
If you are in the market for a home, it is important to meet with a real estate expert early in the process. Your expert will help you determine whether or not you should consider foreclosures, short sales, and bank-owned properties in your search.
It is not uncommon for distressed property sales to have more hoops and extended time frames, so somebody needing a house right away is less likely a candidate to purchase a property in distress than somebody who has flexibility in timing. This should be determined before you begin shopping so that you don't get tempted by a property that you really should not pursue.
I hope our report on foreclosures and distressed properties has given you the information for which you were looking. If not, you can give us a call at (850) 366-8917 or drop us a note and we'll help you with your specific Tallahassee real estate needs.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
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