There's estimated to be over one million homes in foreclosure in America. Here we list some of the locations to buy foreclosures. The goal here is to supply a guide to the market. Before you decide to would invest in a market you will have to build up a list of partners in each one of the markets to provide you with more in depth advice. The goal here is to provide a brief synopsis to each market.
Indianapolis
Average Saving 7%
Indianapolis has one of the highest foreclosures rates in the country. With a glut of inventory on the market, you will be able to negotiate an improved saving. Indianapolis has a low median price of around 112,000
Knoxville
Estimated Savings 25%
The city has a low foreclosure rate and it has been adding jobs. However liberal land-use policies and low regulatory costs mean that you can potentially save 25% on a house purchase. This location is a smart move for somebody seeking a significant discount
San Antonio
Estimated Savings 7%
San Antonio has one of the best job growth markets in the country. It has a higher than average foreclosures rate of a little over 1% but it has a low median price of around 140,000 that ought to mean that house prices cannot fall that much.
Nashville
Forclsoure Savings 30%
Nashville actually has a low foreclosure rate of less than 1% but offer some of the highest savings in the country with asking prices of upto 30% less than owner occupied homes
Raleigh
Estimated savings 19%
This city is often considered to be a far more expensive version of charlotte. Avoid some suburbs which have high foreclosure rates
Thursday, June 17, 2010
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