As a follow-up to the report I co-authored with Jeff Allen from MAAR, below is a comparison of price per finished square foot between lender-mediated sales and traditional sales. As can be seen by the chart above, there is a substantial price discount on a cost per square foot basis when you look at lender mediated sales. My reasoning for why this is happening is as follows: Short Sales Short sale transactions often take several months to come together, thereby reducing the number of buyers willing to deal … [Read more...]
