Distressed Luxury Homes

Distressed Luxury Properties

A Sign of the Times

CLICK HERE TO SEARCH FOR LUXURY FORECLOSURES AND SHORT SALES 

It should come as no surprise that luxury homes have not been immune to the latest market downturn. Although this is not great news for luxury home sellers, it does present an historically good opportunity for buyers to take advantage of historically one of the best buyer’s market in history. 

Distressed properties have usually made up fewer than 10% of our total number of listings, and even a lesser percentage of our luxury listings, but they have made up almost 50% of our total sales lately. Banks have been pricing aggressively and foreclosures are oftentimes some of the best deals on the market. Short sales have become an increasingly popular trend with banks often accepting lower than market value offers to move properties off their books. Although these kinds of sales take patience and some luck, they often result in some of the better deals on the market.

CLICK HERE TO SEARCH FOR LUXURY FORECLOSURES AND SHORT SALES 

If you would like to be on an auto-notification email to receive eflyers when newly listed distressed luxury properties come on the market, please email me your request at Info@Zamoyta.com .