As Maryland works through its backlog of foreclosures, the threat to the housing market grows. When a number of properties are foreclosed on in a particular area, the property values in that area drop. Even just one foreclosure can negatively affect the area. According to a report by the Federal Reserve Band of Cleveland, properties within a 260-foot radius of a foreclosed property lost up to one percent of their value.
Short sales make it easy both for sellers to avoid foreclosure and for new buyers to acquire property at affordable prices. This prevents the number of homes for sale from growing too large, and keeps property values up by reducing the number of foreclosed properties in the area. Short sales can also potentially recoup more of a property’s value than a foreclosure auction, which also helps to keep property values in the area up. Overall, if foreclosure can be avoided, everyone stands to benefit.
Finding a buyer for your home doesn’t have to be a difficult process. Gray’s Home Solutions will buy your home quickly. We’re looking for properties of all types across the state of Maryland. Whether you’ve got a townhouse in Frederick, a rowhome in Baltimore, a rancher in Carroll County or a duplex in Rockville, we’d like to make you an offer. It doesn’t matter if your house is in pristine condition or if it has seen better days, we buy it all. Best of all, in addition to our speed, you pay no fees or commissions when we buy your home. Now there’s an offer that you can’t refuse.
Even if you’re not looking for a buyer, you can participate in our sellers referral program. Here’s how it works. Send us the phone number and property address for a For Sale By Owner or vacant property. We’ll take a look, and if we buy the property we’ll pay you $250 as a thank you for providing the lead.
Are you interested in learning more about selling your home fast? Our ebook has a ton of great information for you. We also have an ebook with information on how to avoid foreclosure, available for download here. They’re both free, so give them a look. You can also connect with Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.
Source
http://home.howstuffworks.com/real-estate/10-benefits-of-short-sale-over-foreclosure.htm#page=5