Foreclosures flood the market3 of 7This year, sellers' biggest competition might not just be a neighbor with a pool. Bargain-basement foreclosures have flooded most markets, putting the prices of others' homes at a competitive disadvantage.But sellers can beat the deadbeats.If you're a homeowner who has been paying on time, that can go a long way with buyers.Provide market analysis of comparable homes sold in the last few months, with foreclosures broken out.Forget about making a killing on your home. Price aggressively.« Back to Mortgage trends. Related Articles:Celebs: Take my mansion!Why get a cash-in refi?Mortgage costs will riseBig mortgages cost moreRelated Links:Spoil home descriptionRich but foreclosedOutselling foreclosuresA home-buying checklist advertisement
This year, sellers' biggest competition might not just be a neighbor with a pool. Bargain-basement foreclosures have flooded most markets, putting the prices of others' homes at a competitive disadvantage.
But sellers can beat the deadbeats.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.
With the economy growing by 295,000 jobs in February, it looks like rising mortgage rates are here to stay.
... Read more