Bank Owned Properties Can Affect Hagerstown Homeowners
By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
Bank Owned Properties Can Affect Hagerstown Homeowners Nationally, the supply of the bank-owned properties for sale has been trending down -- potentially good news for anyone and everyone with an interest in Hagerstown real estate. Competition from the glut of foreclosed properties has had the effect of driving down home sale prices, so any drop in the number of Hagerstown bank owned properties will remove that downward pressure. If the trend continues, it should also affect even the bank owned properties themselves. A drop in supply will increase competition for the bargains they represent. But this is why alert bargain hunters should keep their pencils sharpened. As retail merchants understand, just slapping a ‘SALE!’ sign on an item may help it sell -- even if it isn’t really a pa...
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