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  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.

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Describe the Property You Wish to Buy

 

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(e.g. single family, condo/townhouse)                                   
 

Minimum Number of Bedrooms:                                   Minimum Number of Bathrooms:
                                                               

Pool                                                                             Type of Heating
                                                                

Family Room                                                                Basement
                                                                

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Other details you are looking for:

 

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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                                             

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I am a Luxury Home Buyer                      

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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

 

 
   
   

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