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Old 06-09-2008, 06:12 AM   #14 (permalink)
Cynthetiq
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Location: Manhattan, NY
there are bargains all over the USA right now, one can find REO properties at almost 50% of the value from their ridiculously inflated price and sometimes even cheaper. The best part about it is that sometimes it's just enough to be able to get a home for $100/sq ft or even less. Unlike most foreclosures, you can see the state of the property before you make an offer. This gives you the ability to see just how much "get ready" money you'll need to bring the house back to a move in state. For some properties, it's just the cost of painting, others it is paint, appliances, landscaping, repairing holes, doors, and carpeting.

We are hoping to own our 3rd property if our offer is accepted.
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