Foreclosure listings are guides to properties being sold at auctions and other special sales by mortgage lenders looking to collect debts through the proceeds off the sale. However, homes sold through foreclosure listings often go for far less at auction than they ever would on the open market, and buyers usually find savings of anywhere from10 to 50% below what they would pay for the same home on the open market. These properties are usually in great condition, and need very little work before they're ready to be resold or lived in.
The bottom line is that buying homes through foreclosure listings is the best way to ensure investment value, since buying below market price earns you instant equity. And there's no better time to get involved. Over 2007, the national foreclosure rate rose nearly 60%, with many regions doubling their inventories. This has led prices to fall even further, and with 2008 expected by many to be one of the biggest years yet for foreclosure, it's a great time to buy.
Try getting started by just checking out some foreclosure listings in your area with a search on a service like . offers a lot of great perks, and has lots of information and advice to get started buying in the market for the best values possible.
0 komentarze:
Post a Comment