Many Rio Rancho home buyers are looking for a great deal on their home. I analyzed homes sold in the Rio Rancho area to see how much of a discount buyers were getting off of the listed price of bank owned and foreclosed homes. For the past 6 months, with an average days on market of 37, I found 47 closed homes meeting the criteria with the sales price to list price at 97.53% .
That means for a house priced at $200,000 the average price a buyer could expect to get this bank owned or foreclosed home would be $195,060. This may be surprising to many as there seems to be a perception out there that bank owned homes are available to make low offers on or buy well below listed price. It seems that these bank owned homes are already priced quite well and the banks aren't discounting them much beyond their offering price.
Thinking of taking advantage of the deals available in homes right now in the Albuquerque and Rio Rancho areas? We've helped many people buy bank owned and foreclosed homes and know the ins and outs. Give us a call today.
Visit our supersite for more information on Rio Rancho foreclosure and bank owned and to search for homes or land in Albuquerque and Rio Rancho.
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