Redford Homes for sale & Redford foreclosures

What's the best deal in Redford homes for sale are they Redford foreclosures? If you are looking at Redford Homes for sale it is good to know what they have been selling for. By knowing the Redford Homes sales prices you can make a solid decision and rest easy that you are not overpaying for a house.

In the last 90 days 94 Redford homes with 3 bedrooms, 1 bathroom, basement, and garage between 900 and 1000 square foot have sold. The average sold price was $42,849. So you think you should not pay over $37,100 for any Redford home for sale that meets that criteria.

But you have to look at the criteria a little deeper. If you run a search you will find that 65 of those 109 sold homes were Redford foreclosures. The cheapest Redford foreclosure sold for $9000 and the most expensive was $62,500. The average price of all the Redford foreclosures was $33,714. 35 of those Redford foreclosures sold at or above the list price. Some for as much as $5-7,000 over list price.

26 homes being sold by private owners at the average price of $63,465. The price range was $24,000 to $86,000.

There were 7 Redford short sale homesthat sold in the last ninety days. The average sales price was $54,507. The price range was $24,000 to $73,000.

So drawing from this information private homeowners are getting more money than the average Redford foreclosure. The highest price foreclosure was $10,000 less than buying a private owned Redford home. But you have to remember that those foreclosures are probably in much worse shape than a regular Redford home for sale. So the key is to determine how much it will cost you to bring a foreclosure home up to the same condition.

And remember the person that paid $62,500 for that foreclosure may have gotten a superb home. You have to take into account the condition of the home when looking at Redford homes for sale.

If you are buying or selling a home in Redford, Michigan, and you are in need of a little guidance, a lot of honesty, it would be my great privilege to represent you in your pursuits.

Russ Ravary your Metro Detroit real estate agent

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photo courtesy of Realcomp II Ltd