A foreclosure in your area affects price when it becomes the predominant form of sale in the area that is used for comparable sales. Allen Park currently has 35 homes for sale out of a total of 98. This figure is lower than half of the homes for sale as listed by the Downriver Association of Realtors. A more accurate assessment would be how many foreclosures are within a specified distance from your house. I can provide at no cost a market analysis of your house and give you my opinion of its current value.

Posted on Tuesday, January 13th, 2009 at 5:49 pm and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.