Local community advocate buyers add substantial value to properties by renovating before reselling.
“We analyzed 20,000 properties that were purchased at foreclosure auction for 62.7 percent of their estimated after-repair market value on average,” said Auction.com VP of Market Economics Daren Blomquist. “They were subsequently resold an average of 221 days later for 96.9 percent of their estimated after-repair market value on average.”
Watch now to learn how much value is added to properties renovated by our local community advocate buyers compared to properties sold via the traditional REO sales method on the Multiple Listing Service.