distress sales

Distress sales occur when a property is sold quickly and often below its market value due to urgent circumstances, such as financial hardship, personal emergencies, or other pressing reasons. Sellers prioritize speed over profit, which can lead to a lower sale price than usual. These sales are common in real estate markets during economic downturns or when sellers need immediate cash. Buyers may see opportunities for a good deal, but they should also perform thorough due diligence, as the urgency behind the sale could be related to underlying issues with the property or seller's situation.