With home foreclosures soaring in most parts of the country, the number of interested buyers of these properties is growing.
More than half – 55 percent – of Americans quizzed for a new survey said they would consider purchasing a previously foreclosed house. That’s up significantly in the last few months, according to the survey which was done by Harris Interactive.
The survey of almost 2,400 consumers was done in early May for Internet real estate firms Trulia.com and RealtyTrac.
Buyers who are thinking about foreclosed houses are expecting big bargains it would seem. Forty percent say they want to pay at least 50 percent less for a foreclosed home.
“Although consumers are aware that there may be some challenges involved in purchasing a foreclosed home, they are very interested in the bargain opportunities available in the foreclosure market,” Trulia CEO Pete Flint said in the report.
