Homebuyers are well aware that they have found themselves in what some call “the mother of all seller’s markets.”
With the median listing price on homes reaching a new high of $392,000 and the national inventory of active listings down by 24.5% from 2021 to 2022, it might be time to start thinking outside the box when you’re looking for a house to buy.
One option that you might not have considered is what’s known as zombie properties.
“Zombie properties can be a fantastic opportunity or a major nightmare,” says Cody Richard, owner of Full Circle Homebuyers. To help you steer clear of disaster, here’s everything you need to know about buying a zombie property—the right way.