While searching for some foreclosures and FSBO (for sale by owners) listings for the best auction site foreclosures at auction a few days ago, I was amazed at how low prices are on homes and real estate. Many of these houses are in good condition and located in good areas of the country.
What is surprising is that at the price of a good used car you can really buy a house. We all know which one is better, so why not change your car oil more often to get a few more years from it and use this money to buy rented property. Now you probably think you're just trying to get a mortgage or a loan these days. Well, when prices are lower than this, the risk is also low, not to mention that current creditors are under heavy pressure to reduce foreclosure housing stocks, so they will be more willing to discuss with you a good deal.
With regard to real estate crises and lower housing prices, there is no doubt that we are in a real estate crisis, but many experts say that we are either in the low real estate or will be within the next six months. The case at the bottom of the market is that you do not know when you hit it up to a year to two, and by that time the deals will not be as numerous. This, in combination with the government, which provides banks with basically unlimited liquidity, has made this perhaps the best time in our life to invest in real estate. You may know the saying, “fear when everyone else is greedy and greedy, when everyone is afraid,” it's good that the time has come.
Here are examples of some of the listings that I encountered with the government auction site, which I mentioned earlier. This site ranks first on the state auction site for state auctions, and the only reason for this is that they have more types of government auctions, dates, places and other property lists, and then on any other site. Without additional term:
* 4-bedroom house in Marion, Indiana for $ 2500
* nice 4 bedroom house in Michigan Bay for $ 9,000
* 3 bedroom home in PA for $ 11,000 Pittsburgh
* 5-bedroom house in Peekskill NY (near New York) for $ 3,000
Yes, these houses are really in good shape. You can see actual photos of these and many other great offers on my site (link in the last paragraph). In addition, before you offer or buy any property, the home inspector will inspect the house as thoroughly as possible. The local inspector or realtor will be familiar with the current area and the approximate potential value of the property. With their help, you can decide which work, if any, should be taken into account and whether the property is a good investment. Obviously, if you can get a house for less than $ 10,000, it leaves some extra money for any work you may need before you transfer or rent it. A real estate agent can also assist you in the process of buying an excluded and home FSBO.
Regardless of whether you are buying a foreclosure, pre-foreclosure, or FSBO property, you should also conduct a background check. Some properties may have a history of collateral or may be transferred to another party.
The ransom list mentioned here is just a sample of many problematic properties available in all states. Following the tendency in the inherent properties is a good way to work in your dream home. Remember that the time has come to greedily, as everyone is afraid, so you can resell the house later when everyone else is craving.
