Find a Great Deal on Distressed Properties in South Jersey
Finding just the right home that requires some rehab can be a great
way to get a fantastic deal on a home. Whether you
want a property that requires only minor cosmetic work and
modernization or you want the challenge of fully
renovating and restoring a property, finding these homes can be a
real challenge. With many bank owned, HUD and distressed
properties on the market it's not
easy for the average person to find these properties. You
would have to keep scour the newspapers or ride around the
neighborhood you like wasting time and expensive gasoline to locate just one
property that may or may not fit your needs. Whether you are looking to live in the property
or are looking for an investment, we will help you find the
properties that fit your needs. In today's market it can be
difficult to know if you are getting a good deal. Quite a few homes
on the market today were purchased in the sub-prime market.
Here are some examples of fixer properties that were an incredible deal
for their new owners. These were all HUD properties.
933 Cummings Avenue
Blackwood, NJ
Original List Price - $120,000
Accepted Price - $109,589
Estimated Cost to Rehab -$26,610
Realized Value - $202,000
Sweat Equity - $65,801
74 Estates Avenue
Pine Hill, NJ
Original
List Price - $170,000
Accepted Price - $120,000
Estimated Cost to Rehab -$400
Realized Value - $182,000
Sweat Equity -
$61,600
1012 Hudson Avenue
Deptford, NJ
Original
List Price - $174,000
Accepted Price - $142,000
Estimated Cost to Rehab - $8,500
Realized Value - $175,000
Sweat Equity -
$24,500
135 Oak Street
Williamstown, NJ
Original List Price - $130,000
Accepted Price - $90,000
Estimated Cost to Rehab $24,500
Realized Value - $204,000
Sweat Equity - $89,500
240 Hayes Mills Road
Atco, NJ
Original List Price - $120,000
Accepted Price - $87,000
Estimated Cost to Rehab- $5,500
Realized Value - $147,000
Sweat Equity -
$54,500
These five properties are current examples
of the great deals that are out there for buyers who are willing to
spend some sweat equity. In the current examples, the List
Price is the original price the property was offered at by HUD.
The Accepted Price is the price that was offered by the buyer that
was accepted by HUD. The Estimated Cost to Rehab is the amount
of money HUD suggests it will take to repair the deficiencies and
bring the property up to average condition. The
Realized Value is the current average value of this
home after all the repairs are completed. In other words, this
is the 'sweat equity'. In many instances, the properties are
eligible for the construction financing that allows the buyer to
finance the repairs in their mortgage so the buyers do not have
their own cash to fix up the property.
Every week new homes come on the market that are
great opportunities for buyers to take advantage of the strong
buyers market. But for those homes, you would need to move quickly
because bidding is only open for a short period of time. In
order for you to be ready to take advantage of a great opportunity,
we have to complete some vital steps first. We only ask that
you completely and truthfully fill out the form and submit it to us
to get started. Valid information is required.
Valid name, address and telephone number
required to obtain any information. False information will
result in your not receiving the information you desire.
We locate Bank Owned, HUD owned, fixer-upper and distressed properties in the following counties in
New
Jersey:Burlington, Camden, Gloucester and Salem counties.
We also locate some properties in Atlantic and Cumberland counties.
Your Contact Information(All fields required.)
Describe the Property You
Wish to Buy
Price Range (min=$100,000)In what city or townshipdo you want to buy?
Minimum: $
Maximum: $
Preferred Style of Home:Age of Home:
(e.g. single family, condo/townhouse)
Minimum Number of Bedrooms:Minimum Number of Bathrooms:
Pool Type of Heating
Family RoomBasement
GarageApproximate Lot Size
Other details you are looking for:
Timeframe for Purchase
Have you been pre-qualified by a mortgage representative If Yes, which company If No, do you wish to be pre-qualified
Please ONLY Check
One
I am a First Time Home Buyer
I am a Buyer with a Home To Sell
I am a Luxury Home Buyer
I am a Real Estate Investor
Are you presently working with an agent?
By submitting this form
you agree to receive e-mail from Linda Iwaniw or Terry
Iwaniw, RE/MAX
Home Team and to receive phone calls even if you are
registered on the do not call list. If you do not submit
complete valid information, no information will be provided
to you. If you are currently working with another
agent, no information will be sent. All agents have access
to the same information. Your agent can provide you
with the information you require.
RE/MAX Home Team, 1400 Chews Landing Road, Oxford Professional Plaza, Suite 5, Laurel
Springs, NJ 08021-2770
Linda Iwaniw - Direct (856) 374-2800 x 120 Cell (609) 417-1084
Terry Iwaniw - Direct (856) 374-2800 x121 Cell (609)
417-1086 lindaki@comcast.net