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Every week new Kernersville foreclosures hit the market! In this unique real estate market it is important to stay on top of the new listings as they hit the market. As a home buyer you never know when the next big deal will hit the market. Likewise, as a home seller you need to know your competition.
The Carolina Crew is constantly monitoring the market and of course the Kernersville foreclosures are a big piece of what we study. In fact the Kernersville foreclosures constitute a very small portion of the homes actually listed for sale in the area. However, they compose nearly 20% of the actual sold properties in Kernersville.
Translated this means that Kernersville foreclosure hit the market and sell quickly and thus few are ever listed at one time. Furthermore, they come and go so fast that Kernersville foreclosures make up a large portion of the sold homes. Meanwhile, other resale homes are stuck sitting on the market.
This is why it is important for both home buyers and sellers to watch the Kernersville foreclosures. The sold prices of these distressed sales drive the market. It is important for home buyers to know that not all Kernersville foreclosures are a deal. In fact many great resale home deals are overlooked by narrow focused buyers honing in on Kernersville foreclosures.
Just remember while Kernersville foreclosures may glimmer they are not always gold!
Contact us for the most up-to-date Kernersville or other local area foreclosures.

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Winston-Salem’s Buena Vista homes for less than $350,000 may not be the average price in the neighborhood overflowing with older and opulent homes, but there are many to choose from.
Buena Vista is an established Winston-Salem neighborhood nestled between the cross sections of Country Club, Stratford, Reynolda and Robinhood Roads.
If you plan to buy one of Winston-Salem’s Buena Vista homes for less than $350,000, you can expect to find that Buena Vista is filled with towering trees, “walkable” areas and anything but cookie-cutter homes. Its close proximity to downtown Winston-Salem, Wake Forest Baptist Medical Center and Forsyth Medical Center draws buyers who are well-established singles, couples who are just starting their families and upper level executives.
What’s nearby: Thruway Shopping Center, Stratford Place Shopping Center, Whole Foods Market, Reynolda Village-Shops and Restaurants several local boutiques and restaurants, Hanes Mall and more. Prudential Carolinas Realty's Winston-Salem Office just outside the neighborhood as well (stop in, I'd love to meet you!).
List prices of homes in Buena Vista range from the mid $100,000s to several million. Here’s a list of all of Winston-Salem’s Buena Vista homes listed for sale.
Call me today at (336) 794-8888 to see Winston-Salem’s Buena Vista homes for less than $350,000!
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If you are thinking of buying a house in Kernersville then you know the hype around a foreclosure is unavoidable. Kernersville foreclosures can be a great deal. However, can they really live up to the hype? Well I have seen and sold a lot of this bank owned homes in Kernersville and I thought I would share my experiences.
The short answer is that a foreclosure is usually discounted since they are almost always priced to sell "as-is where is." As a distressed property you would expect some form of discount. Therefore, Kernersville foreclosures will nearly always come with a reduced price. Does that make them a good investment?
Kernersville foreclosures are only a good investment if the cost to cure combined with the purchase price can keep you at or below market price. This will allow a home buyer or investor to get the home back to good condition and it will be able to fetch a fair market price. Then it can be rented, lived in, or flipped.
The goal of the purchaser is ultimately the determining factor when it comes to qualify a Kernersville foreclosure as a good deal. If you are buying to live in then or rent then you want your total investment (purchase price plus repair costs) to be at fair market value. This will allow you to hold the property and gain long term appreciation while gaining equity as the mortgage is paid down. If you are flipping homes then you have to have total investment cost BELOW market value. In order to flip in this market you must be in top condition and lowest price. Buy low, sell low.
So is a Kernersville foreclosure all that? The answer is that it can be if you have a clearly defined goal when buying and work with an experienced agent who can advise you. Kernersville foreclosures are out there, it is up to you to make them a good deal.

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