Warwick foreclosures are a great deal in this wonderful city. Recently Warwick was named one of the best 100 cities to live in by Money Magazine.
Warwick located in Kent County, Rhode Island. It is the 2nd. largest city in the Rhode Island just south of Providence. Warwick has an estimated population of 88,000 people and the average household income of $56,000.
Those looking to buy foreclosed homes in Warwick can expect to purchase the low to medium priced homes for the area. Locating bank owned properties in Warwick is easy to do. Simply go to Warwick Forclosures for all the up to date properties in Warwick and Rhode Island.
Why is it a good idea to buy a foreclosed property in Warwick? Well, the this part of Rhode Island boasts a great deal of employment and plenty of housing opportunities. There are still manufacturing jobs, retail, shipping and receiving, banking, and insurance.By purchasing a foreclosed property, you can expect to save 10-20% off the current market value.
Savings can be as much as 20% off current market values according to RealtyTrac.
The most recent statistics of foreclosed bank owned properties in Warwick, Rhode Island : According to the state wide multiple listing service in Rhode Island, there are 569 single family homes on the market in Warwick. Of those, 27 are foreclosed or bank owned. Of these 27 homes, more than half are listed below $200,000.
What is more staggering is the amount of pre-foreclosures or Short Sales in Warwick. Out of the 524 single family homes there are 94 properties that are on the market offered as short sales.
Working with a Realtor who has experience and a team of professionals to help the process of buying foreclosed homes, bank owned property and short sale listings is crucial to a buyer's success. Mark McHugh of Slocum Realty has the knowledge and expertise to help all buyers and sellers of real estate attain their goals. 401-641-3842 email@example.com