Real Estate Bargains - Foreclosure?
Wednesday, March 26th, 2008Mention real estate bargains and the first thought that usually comes to mind is foreclosure. If there’s a bargain to be found, most people assume that this is where it is.
Foreclosures do, indeed, offer opportunities for bargain hunters. Here it is possible to obtain properties lor a fraction of their market value.
For example, let’s say you’ve found a neighborhood where the average house sells for about $150,000. Being a bargain hunter, you’re looking for a highly motivated seller, one you can lowball and perhaps, in exchange for a quick sale, negotiate a price of 10 to 15 percent under market.
investment property