To most people, New York City has become an otherworldly real estate market. It’s the town where a sky-rise condo just sold for more than $50 million—and it was only that cheap because it was raw space.
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Tag Archives: bargains
Best places to buy foreclosures
Shoppers willing to buy homes sold in foreclosures or short sales are nabbing them at deep discounts, especially if they know where to look.
Nationwide, the average discount on homes sold in a foreclosure was 39% below conventional sale prices during the fourth quarter, while prices on homes sold in a short sale averaged 23% below market, according to RealtyTrac, the online marketer of foreclosed properties.
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