How Distressed Home Sales Impact Your Home's Value

We know the gut wrenching feeling when a home sells down the street from you for well below Fair Market Value (FMV). You may only find out when a perspective buyer says your home is too high priced because of that distressed home sale! Distressed home sales happen in any and every neighborhood from ghettos to multi-million dollar estate neighborhoods.
What is considered a distressed home? We usually think of distressed property as one with plywood over the windows and doors, perhaps inhabited by vagrants or drug dealers. In fact, most distressed sales are generally in no worse shape than the other homes in the neighborhood. So, a distressed home sale should be considered any property that sells enough below Fair Market Value (FMV) that it impacts the value of the View the rest of this article