6 Ways For Builders to Beat REOs

Selling homes effectively against foreclosures has become many a builder’s quixotic quest in the last year. Buyers want a bargain, and with the median price of existing homes standing at $172,400 versus $217,400 for a median priced new home, builders are having a tough time making the sale. But there are ways to do just that, according to speakers at the International Builders Show in Las Vegas on Tuesday, who suggested a number of strategies for competing with REOs.

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