Hot New Listings!Lancaster
Find a Great Home in Today’s Market
How to Find a Great Home in Today’s Struggling Housing Market
By John Galtson
Article Source: http://EzineArticles.com/?expert=John_Galtson
It won’t be news to you if I say that the real estate market isn’t doing so great. I mean, folks are practically giving houses away as more of us get eaten by the foreclosure monster.
But most can’t afford them… even if they are given away.
However, if you are in a position where you can pony up some cash there has never been a better time to buy. Interest rates are abnormally low, and prices are unbelievable low. If we wanted to speculate, we could say the dollar will lose some more value so being in a 30 year mortgage will make the price even cheaper…. But let’s leave speculations to the oracle.
With those kinds of benefits on the table, and assuming you have a bit of cash behind you, let’s talk about how to land a great pad at a killer price:
Do your research…
New Listing on Huge Lot
44301 87th St, Lancaster
$121,000
Remodeled home with easy access from Freeway. Living room with fireplace, remodeled kitchen and bathrooms. Tile floors, copper plumbing (buyer to verify), dual paned windows, raised panel doors, metal garage door roll up, concrete driveway.
==>More Information Here
Investor Opportunity!
Just listed for $64,900 – 410 West Avenue J5, Lancaster
Starter home on established neighborhood. Living room with fireplace, kitchen open to family room with another fireplace. Wood flooring, two bathrooms, covered patio, block walls
Hi Guys!
It’s me. Rachel. This photo has nothing to do with me or the message here. I just wanted to share it.
I hope that you’re finding the information provided here useful. Please let me know if you have any questions or comments with the properties or articles posted here. We’d love to hear from you.
Buyers Want Foreclosures
One Quarter of Homebuyers Want Foreclosures
by JON PRIOR
November 12, 2009 11:23 AM CST
Low prices and foreclosure bargains motivate buyers to purchase a home more than any other reason, according to a survey from Move.com.
Of consumers wanting to buy a home, 25.3% of them want to purchase a foreclosure. Roughly 12% of homebuyers, or one out of eight, today plan to purchase a home as an investment property, up from 5.6% seven months ago.
The buyers split roughly down the middle on investing and residing in their real estate owned (REO) purchase. While 57.6% plan to live in the foreclosed home themselves, 42% of the buyers regard their acquisition as an investment, according to the survey. Roughly 13% of them plan to convert the foreclosure into a rental property, 11.3% of the buyers will fix them up for re-sale and 17.4% said that they would house a family member in the purchased REO until it can be sold for a profit.