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Community Corner

Dale City Foreclosures: Do Buyers Save Money?

Virginia Properties, Neighbor
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Many potential homebuyers will consider buying a foreclosed home because conventional wisdom says they will be able to purchase a home at a discount. Yet are foreclosures in Prince William County sold at a reduced price?

When looking at the median sales price, Prince William County foreclosures are sold 17% less than the average non-distressed home (not a foreclosure or short sale.)  According to RealtyTrac, the nation’s largest foreclosure reporting firm, in September of 2013 the median sale price of a non-distressed home in Prince William County was $299,950; while the median sales price of a foreclosure in the county was $248,938; a 17% reduction or $51,013 savings. 

If you’re searching for a home or foreclosure to purchase in Prince William County or any Northern Virginia county, search online at http://www.virginiaproperties4sale.com

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