What is the difference between a traditional resale, short sale and foreclosure? There are only a few minor differences between them, but these differences could drastically alter the scenario, whether you’re a home buyer or seller. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
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Current sellers may benefit in the short-term from fewer foreclosures on the market, which account for large percentage of transactions currently. RealtyTrac estimates that distressed sales account for a third of the residential real estate market, and depressing home prices by about 26%. Originally published at https://realtyevolved.net by Sherwin Sucaldito.