Potential Buyers Can Look Forward To Bargain Homes Resulting From Foreclosure News - Foreclosure news is causing home buyers, particularly real estate investors, to realize that it is the proper time to buy real estate properties in view of the continuing drop in home values. Despite the slow down in the foreclosure market, there are still many properties being made available in the market and home values are continuing their down trend. |
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Finance > Potential Buyers Can Look Forward To Bargain Homes Resulting From Foreclosure News
Foreclosure news is causing home buyers, particularly real estate investors, to realize that it is the proper time to buy real estate properties in view of the continuing drop in home values. Despite the slow down in the foreclosure market, there are still many properties being made available in the market and home values are continuing their down trend.
Author: Michael Bartonolis
Date: Nov 9, 2009 - 5:04:43 AM
Investors and other home buyers have been finding out that the time is right to purchase real estate properties in view of the foreclosure news and the declining home prices. Despite the slow down in the foreclosure market, there are still many properties being made available in the market and home values are continuing their down trend. The average home values for foreclosures in the different states indicate that single-family homes, condos, duplexes and triplexes can still be acquired at basement prices. Thus, real estate investors have become very much interested in foreclosed homes and many properties have multiple bids from various potential buyers.
Single-family homes in Michigan, Florida, Texas and Ohio have become available at bargain prices, according to foreclosure news. There have also been cases where the asking price for certain properties is only one-half of their original price. In Florida, single-family homes are available at the average value of $112,000, condos are available at the average selling price of $86,000, and duplexes and triplexes are being offered at the average value of $113,000. Meanwhile, single-family homes in Michigan have an average price of $61,000, duplexes and triplexes are being offered at the average value of $14,000, and condos are being marketed at the average price of $78,000. Thus, foreclosure news has made known the large number of choices for various home buyers, particularly the real estate investors.
In California, foreclosure news has also shown an increased demand for homes being sold at very low prices. The average price for single-family homes in California is $204,000, while triplexes and duplexes are being sold at about $268,000. Meanwhile, California condos are being marketed at the average price of $195,000.
Meanwhile, Ohio foreclosure news has shown that real estate values have dropped to unprecedented levels. The average value of single-family homes is $63,000, while condos can be purchased for approximately $77,000. On the other hand, duplexes and triplexes are available at $24,000.
On the other hand, foreclosure news is bad news for homeowners who are undergoing financial difficulties, particularly those who have lost their jobs. These people are finding out that it is impossible to continue with the mortgage payments and they may want to sell their homes. The bad news is that they are now facing tough competition from the very low prices of foreclosed properties. This trend is expected to fuel more foreclosure news as homeowners discover that they have no other choice but accept foreclosure.
College Account or Retirement Account Which Money To Spend?Jun 27, 2011 - 6:08:52 PM It can be very hard at times to figure out which money to use for paying your student's college bills. Some use their retirement balances which get favorable tax treatment, while other people use their special college account funds.... [Read the full story] |
How Do Credit Card Companies Make Their Money?May 26, 2011 - 8:26:22 AM We've all received offers, often quite persistent, to sign up for a new credit card. Credit cards themselves are great, because you can get the things you need even without cash readily available. However, don't you ever wonder how many credit card companies are out there? Because of the growing market for credit card users, it seems that every day, you get a solicitation letter for a new credit card company. The large playing field results in a lot of competition for credit card companies.... [Read the full story] |
3 Quick Ways To Save MoneyMay 23, 2011 - 3:03:57 PM There are hundreds of easy ways to begin cutting your expenses and saving more money each month. Some are as simple as cutting down on impulsive shopping sprees and entertainment, while others involve a little creativity. If clipping coupons is the only thing that comes to mind when you think about ways to save, read on!... [Read the full story] |
Mortgage Assistance In Canada - The Right HelpMay 3, 2011 - 10:01:27 PM Most people take out mortgages to purchase a home. These mortgages are generally paid on a monthly basis. But, for some people getting the right mortgage plan may be difficult due to lack of proper information and for some due to lack for credit history. The government provides mortgage assistance in Canada so that the citizens can overcome the difficulty in taking out a mortgage.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.