The latest foreclosure statistics came out yesterday and there was a significant jump from December, nationwide. Massachusetts saw a 57% increase. This might be a perfect opportunity to purchase that Cape Cod Home at a substantial discount, and still leave money available to renovate or remodel so you can have the house of your dreams. Foreclosures may also be great candidates for a tear down and rebuild project, as the cost basis and location may merit a substantial investment.
Here is the complete article from Builderonline.com: Foreclosures Up In January
If you are thinking of purchasing a foreclosure on Cape Cod, and you would like a free assessment of the remodeling or renovation potential of the property, click below to schedule a free consultation.