A few weeks ago I got a call from some friends of a friend who wanted to buy an investment property for their daughter to live in.  When they said that they didn't want to spend more than $65,000 AND that they wanted to home to be in one of several different areas where homes usually go for much more, I didn't hold out much hope.

But, being the dutiful Realtor that I am, I did a search and I was surprised to find that there were indeed several houses that were available in these areas for less than $65,000.  When I broadened the search to $75,000, there were several more available.

Now, we went and looked at these homes and most of them were pretty much dogs.  One of them was probably better off if it were to be torn down, but a couple were actually decent homes that with a little spit shine could have made a wonderful home for their daughter.

It turns out that the daughter has decided to move out of state to be with her boyfriend, so I won't be writing a contract on any of these homes, but this experience did get me to thinking.  "The Drop In Real Estate Values Is An Opportunity For The Right Person!"

True, financing requirements have been tightened up, but as long as you've got pretty good credit and can come up with a few thousand dollars, one of these homes could be yours!

If you're interested in finding out more, please feel free to give me a call!

R.B. "Bob" Mitchell

ValueList Real Estate Services, Inc.

Bob Mitchell is president of ValueList Real Estate Services,  St. Louis' largest discount/full-service real estate and mortgage company.  If you would like to find out more about Bob, ValueList or our flat-fee listing program, please feel free to visit our web site at valuelistre.com