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Are Foreclosures a Huge Scam?

August 30, 2010

A 4,400+ sqft home under $300k? Are foreclosures the best opportunity to get a deal? A lot of the NH bank owned properties are in sad shape, but recently  there has been a new crop of 3,000-4,000+ sqft homes for sale in Southern New Hampshire that are in foreclosure. These homes are competing with the resale market and dragging prices down. How can a seller compete with these bargains? Only by taking advantage of the fact that their house is lived in and (hopefully) well cared for. Staging has turned from an obscure  art to a must have to compete in this real estate market.

Click to see large foreclosure homes in Southern NH.

  • Featured picture for the property 2828276

    37 Fremont Rd.

    Sandown, NH 03873

    $290,000

    • 4
    • 4
    • 4494
    • Active
    • 2828276
    This huge Colonial boasts many original features with upgrades, such as granite kitchen, replaced sills, siding, roof, septic system, electric, plumbi…
    Listing courtesy of American Trust Real Estate, LLC NNERMLS
  • Featured picture for the property 4006172

    37 Fremont Rd.

    Sandown, NH 03873

    $299,000

    • 4
    • 4
    • 4494
    • Active
    • 4006172
    This huge Colonial boasts many original features with upgrades, such as granite kitchen, replaced sills, siding, roof, septic system, electric, plumbi…
    Listing courtesy of American Trust Real Estate, LLC NNERMLS
  • Featured picture for the property 2823698

    5 ASHLAND STREET

    Nashua, NH 03064

    $409,900

    • 5
    • 4
    • 4426
    • Active
    • 2823698
    Large colonial home in the north end is perfect for a large family.Additional 4 room in-law with a great kitchen in the lower level.Private entry. Lar…
    Listing courtesy of Century 21 One Step Realty NNERMLS
  • Featured picture for the property 4008214

    127 Bypass 28

    Derry, NH 03038

    $244,900

    • 5
    • 4
    • 4367
    • Active
    • 4008214
    Fannie Mae property that may qualify for HomePath Mortgage for as little as 3% down. Lots of room here! Light and bright interior with 5 bedrooms and …
    Listing courtesy of Prudential Verani Londonderry NNERMLS
  • Featured picture for the property 4007266

    32 DUBLIN

    Nashua, NH 03063

    $274,900

    • 5
    • 5
    • 4229
    • Active
    • 4007266
    You will get lost in this home! Very spacious. Ideal for in-law situation. Features incl., frplc’d LR, screened porch, in-ground pool (needs work), fr…
    Listing courtesy of Century 21 Dumont and Assoc. NNERMLS
  • Featured picture for the property 4015638

    15 Longview Circle

    Pelham, NH 03076

    $398,900

    • 4
    • 4
    • 4202
    • Active
    • 4015638
    Impressive 4+ bedroom hip roof Colonial in prestigious Pelham subdivision with hilltop views. Granite counters, kitchen island with gas cooktop and do…
    Listing courtesy of Prudential Verani Londonderry NNERMLS
  • Featured picture for the property 4020604

    24 Frost Rd

    Derry, NH 03038

    $224,900

    • 3
    • 3
    • 3460
    • Active
    • 4020604
    Very spacious home with 3434 sq ft of living space 3 bedrooms, multi baths. Large kitchen area w/stainless steel appliances. Hardwood floors, 2 firepl…
    Listing courtesy of Prudential Verani Londonderry NNERMLS
  • Featured picture for the property 4004813

    389 Island Pond Road

    Derry, NH 03038

    $157,950

    • 3
    • 2
    • 3104
    • Active
    • 4004813
    Spacious contemporary floor plan with open living room, dining area and kitchen that lead out to an in door pool. This home is great for entertaining …
    Listing courtesy of RE/MAX Properties/Nashua NNERMLS
  • Featured picture for the property 2828565

    9 Linwood Way

    Bedford, NH 03110

    $269,900

    • 3
    • 4
    • 3056
    • Active
    • 2828565
    Large home with very spacious rooms at end of a private street. There’s a fireplaced LR, and a huge sun room with lots of windows. Former in-law apt…
    Listing courtesy of RE/MAX Omega Group NNERMLS
  • Featured picture for the property 2821522

    19 Autumn Street

    Danville, NH 03819

    $249,900

    • 3
    • 3
    • 3050
    • Active
    • 2821522
    Fantastic Colonial style home boasting over 3000 (+/-) Sq ft of living space, 3 bedrooms, multi baths, kitchen w/granite countertops, formal diningroo…
    Listing courtesy of Prudential Verani Londonderry NNERMLS

related:

Huge NH bank owned homes.

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