| While searching through some foreclosure and FSBO | | | | the reason for that is simply because they have more |
| (For Sale By Owner) listings at the best foreclosure | | | | government auction types, dates, locations and more |
| government auction site a few days ago, I was | | | | property listings then any other site. Without further a |
| amazed at the consistency of how low some of the | | | | due: |
| prices on houses and properties are. Many of these | | | | * 4 Bedroom Home in Marion, Indiana for $2,500 |
| homes are in decent to great shape and are located in | | | | * nice 4 Bedroom Home in Bay City Michigan for |
| good areas of the country. | | | | $9,000 |
| What is amazing is that for the price of a good used | | | | * 3 bedroom home in Pittsburg PA for $11,000 |
| car you could actually buy a house. We all know which | | | | * 5 Bedroom home in Peekskill NY (near New York |
| is a better investment, so why not change your car oil | | | | City) for $3,000 |
| more often to get a few more years out of it and use | | | | Yes these houses are for real and in good shape. You |
| that money to buy a rental property. Now you're | | | | can see actual pictures of these and many other |
| probably thinking 'just try to get a mortgage or loan | | | | great deals on my site (link in last paragraph). Also |
| these days'. Well when prices are this low then the risk | | | | before you bid or buy any property have a house |
| is low as well, not to mention current lenders are under | | | | inspector look over the house as thoroughly as |
| extreme pressures to reduce housing foreclosure | | | | possible. A local inspector or realtor would be familiar |
| inventories so they will be more then eager to discuss | | | | with the current area and approximate potential worth |
| a good deal with you. | | | | of the property. With their help, you can make a |
| As for the real estate crises and housing price | | | | decision as to what work, if any, would have to be |
| declines, well there is no doubt that we are in a real | | | | factored in and whether the property is a good |
| estate crisis, however, I'm hearing many experts say | | | | investment. Obviously if you can get a house for under |
| that we are either at the real estate bottom or will be, | | | | $10,000 it leaves a little extra cash for any work that |
| within the next six months. The thing about a market | | | | may need to be done before you move in or renting it |
| housing bottom is that you don't know when you have | | | | out. A realtor can also help to guide you in the buying |
| hit it until a year to two afterwards and by that time | | | | process of foreclosed and FSBO homes. |
| the deals will not be as plentiful. This combined with the | | | | Whether buying a foreclosure, pre-foreclosure or |
| government providing the banks with basically unlimited | | | | FSBO property, you should also conduct a background |
| liquidity has made this perhaps the best time in our | | | | check. Some properties may have a history of liens or |
| lifetime in which to invest in real estate. You may know | | | | may be levied off to another party. |
| the saying "be fearful when everyone else is greedy, | | | | The foreclosure list mentioned here is just a sample of |
| and greedy when everyone is fearful", well it's time to | | | | the many distressed properties that are available in all |
| get greedy. | | | | states. Following the trend in foreclosed properties is a |
| Here are examples of some of the listings I came | | | | good way on working towards your dream home. |
| across from the government auction site that I | | | | Remember it's time to get greedy, how that everyone |
| previously mentioned. This site is ranked as the number | | | | is fearful, so you can resell the house later when |
| one site on my government auctions review site and | | | | everyone else is feeling greedy. |