Real estate Defined: Distressed properties

Real Estate Terms Defined: Distressed Property. A distressed property refers to a real estate asset that is in poor physical condition or facing financial difficulties, often making it available for sale at a price below its market value. Investors and buyers interested in distressed properties are often looking for opportunities to purchase real estate at a discount but should be aware of the potential risks and challenges, such as the need for extensive repairs, legal complexities, and the possibility of hidden issues. Join us to expand your knowledge of real estate terms! #RealEstateDefined #DistressedProperty