EDITOR?S NOTE: The operative word here are ?telephone interview?. Realtor.com spoke with a number of people by phone and many expressed an interest in foreclosed properties. I would like to know how many of those people have looked at or bought a foreclosed property. Most foreclosed properties have a great amount of deferred maintenance and how many of those responding will accept the work involved or how many can afford cash out of pocket for repairs.
Homebuyer interest in purchasing a foreclosed property has more than doubled in the past two and a half years even as the U.S. available inventory shrinks, according to a Realtor.com survey.
The share of buyers who say they?re likely to purchase a foreclosed home jumped to almost 65 percent from 25 percent in October 2009, according to the telephone poll by Realtor.com, the National Association of Realtors? website. The survey was conducted this month and the results were released Wednesday.
Read more: U.S. Homebuyer Interest in Foreclosures Climbs, Realtor.com Says
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