{"id":6610,"date":"2014-06-26T13:07:12","date_gmt":"2014-06-26T13:07:12","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6610"},"modified":"2014-06-26T13:07:12","modified_gmt":"2014-06-26T13:07:12","slug":"homes-deepest-discounts","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/homes-deepest-discounts\/","title":{"rendered":"Homes With Deepest Discounts"},"content":{"rendered":"

Homes With Deepest Discounts<\/h2>\n
\"Homes<\/a>

Homes With Deepest Discounts. Image courtesy of ddWitthaya Phonsawat \/ FreeDigitalPhotos.net<\/p><\/div>\n

For home buyers who want to score the biggest discounts on a distressed property, they better be prepared to start the bidding. Distressed properties with the biggest price discounts are those scheduled for public foreclosure auction, and they are typically homes built between 1950 and 1990 that are now vacant, according to RealtyTrac\u2019s May 2014 Residential & Foreclosure Sales Report. Such properties sold for an average discount of 28 percent below non-distressed sales.<\/p>\n

RealtyTrac analyzed residential property sales transactions for the year ending in March 2014 to pinpoint the types of distressed properties that sell at the largest discounts, comparing factors like foreclosure status, occupancy status, equity, and the year the home was built. The discount was calculated by comparing the average discount (below market value) or premium (above market value) of 24 different distressed property profiles, and then comparing it to properties not in foreclosure that sold during the same time period.<\/p>\n

While scheduled auctions offered some of the largest discounts, RealtyTrac also found that the following distressed properties also tended to carry some of the largest price discounts to buyers:<\/p>\n