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.
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The conforming loan limit will stay at $417,000 for one-unit properties in most U.S. counties, the Federal Housing Finance Agency said Wednesday.
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