Foreclosures sell at 27% Discount!

Have you ever wondered how much less a foreclosed home will sell for over a non foreclosure sale? Here is an interesting article (Click Here) out of MIT which indicates that foreclosures will sell at a 27% discount over regular sales. Since foreclosed homes make up a significant portion of our current market this, information can serve as a helpful guide when considering how much to offer on one of these distressed properties.