Double check before you move ahead!
The media has done its fair share of painting a picture of doom and gloom when it comes to the housing market. No, not everything is fine and dandy in real estate and depending on your area, there might be quite some shadow inventory lurking in the dark.
Nonetheless, FoxNews has a great article about very affordable homes throughout the country that can be purchased without having to wait out a short sale or deal with damaged REO properties: http://www.foxnews.com/leisure/2011/04/17/cities-80000-buys-real-home/?test=faces
But before you move ahead, verify the information given:
A property for sale in Arizona, for example, was described as tiled throughout when the listing photos clearly show carpeting and the size of the property the article refers to is actually the lot size, not the home's square footage.
I couldn't help but comment on the article and set the record straight, at least for this particular home.
Even when it comes to the MLS, the data is not guaranteed accurate but deemed reliable. This means, there might be typos: A home listed for $100,000 shows up for $10. A home on 2 acres shows up as $20 acres. Before you move ahead, speak with your Realtor and have him or her verify the information given about a particular property.
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