If you’re looking for big foreclosure deals, Florida may offer the most, according to a a new study by RealtyTrac. Palm Bay, Fla., topped its list of the best places to buy a foreclosure in 2013. Foreclosures accounted for nearly 24 percent of all sales in Palm Bay last year, and buyers tended to pay 28 percent less for a home in foreclosure than other homes.
The following are the markets with the high number of foreclosures available and some of the largest price discounts for foreclosures, according to RealtyTrac.
- Palm Bay, Fla.
Average foreclosure discount: 28 percent
- Rochester, N.Y.
Average foreclosure discount: 26 percent
- Albany, N.Y.
Average foreclosure discount: 35 percent
- New York City
Average foreclosure discount: 40 percent
- Lakeland, Fla.
Average foreclosure discount: 15 percent
- Tampa, Fla.
Average foreclosure discount: 27 percent
- Jacksonville, Fla.
Average foreclosure discount: 32 percent
- Poughkeepsie, N.Y.
Average foreclosure discount: 28 percent
- Orlando, Fla.
Average foreclosure discount: 19 percent
- Chicago
Average foreclosure discount: 46 percent
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/01/31/10-best-places-buy-foreclosure-in-2013
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