Foreclosure sales in January 2008 rose to an astounding 52% of all total homes sold. Total sales for January faired better than the last 4 months, (since 8/07), and are up 18% from one year ago. Out of the 983 total sales for January 2008, 513 were homes sold with a short sale or foreclosure status. This is an increase of 37% of foreclosure homes sold from one year ago. The tide is turning, homes are selling and if you are looking for an amazing deal on a home investment....then jump onboard the fast track train to instant financial equity!
Coupon clipping, bargain shopping, garage sales, estate sales are all ways we look to find a great deal!! In the arena of existing homes, it couldn't be easier to find a great bargain! It couldn't possibly be a better time to buy.
Recently an agent from our office sold his buyer client a foreclosure home in Holland. It was in a neighborhood where the home values ranged from $130,000 - $150,000. His buyer paid $81,000 for this home built in 1999. There was some work to be done in the lower level, but it was an outstanding bargain, and no coupons were needed!
It is exceedingly important you work with an agent who knows the foreclosure business if you are looking for these extreme bargains. They are out there, but you have to know the junk from the good stuff. It takes an expert to do that for you. Just like a good estate sale, the antiques of great value can be viewed by the experienced dealer, and very rarely by the casual shopper.
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