Since the housing boom went bust, there has been a significant increase in the number of Manassas foreclosures to hit the market. According to RealtyTrac, there are more than 1000 homes in Manassas right now that have received foreclosure filings, which means that there is an excellent selection of bank owned homes to choose from.
Browse all Manassas VA foreclosure listings below, or continue reading about Manassas REOs.
Manassas VA Foreclosures - Current Listings
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Manassas VA Foreclosures & REOs
Though there are undoubtedly many Manassas REOs available at the moment, there is more competition between buyers today. Real estate consumers need to approach Manassas foreclosures as they would any other transaction, or they could miss out on a real gem.
First, hire a buyer's agent to protect your interests. A REALTOR® will perform a Comparable Market Analysis to make sure that the asking price is reasonable, and get you pre-qualified for a home loan. Your real estate agent will help you create a competitive offer, and negotiate with the bank. A buyer's agent can also recommend a reputable home inspector to look over the property. These steps will ensure that your offer is taken seriously by the bank, as well as protect you from sinking your money into the wrong place.
The majority of homes in the Manassas real estate market are priced from $200,000 to $400,000, with Manassas VA foreclosures averaging in the low-to-mid-$200s. These numbers are great news for buyers—many of which had been priced out of the market during the boom years.
Contact Northern Virginia REALTOR®, Carolyn Capalbo, to arrange a tour of bank owned homes in Manassas, or for more advice on buying distressed homes in the Washington Metropolitan area.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Long and Foster Real Estate, Inc. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2018.
Listing information last updated on December 10th, 2018 at 7:03am EST.