Government Auction Foreclosures - Houses For Under $10,000?

Although the finding of certain limitations and FSBO (For Sale By Owner) list of best limit on the government auction site a few days ago, I was amazed at the consistency of how low some of the houses and property prices. Many of these homes is due to the large format and in good areas of the country.

What is amazing is that the price of a good used car, you could actually buy a house. We all know who is the better investment, so why not to change oil on your vehicle often to get a few more years out of it and use that money to buy a rental property. Now you're probably thinking "just trying to get a mortgage or loan these days." Well, when prices are so low, then the risk is low, and not to mention the current lenders have extreme pressure to reduce housing inventory control, so that they will be more, he wants to negotiate a good deal for you.

As the real estate crisis and housing price declines, and there is no doubt that we are in the real estate crisis, but I hear many experts say we are either the property or at the bottom will be in the next six months. At the bottom of the housing market is that you do not know when it hit up to two years thereafter, and during the contract will not be as plentiful. This, together with the government to provide banks with almost unlimited Liquidity has made that might best time of our lives, investing in real estate. You know that "to fear when all others are greedy and greedy when everyone is afraid, and it is time to get greedy.

Here are some examples of the above list came from the government auction site I mentioned above. This site is ranked as number one site for my Government to review the auction site, and for this reason is simply because they have more public auction types, dates, places, and offers more then any other place. Without further due to:

* 4 Bedroom Home Marion, Indiana for $ 2,500

* Nice 4 Bedroom Home in Bay City, Michigan $ 9,000

* 3 bedroom home in Pittsburgh, PA $ 11,000

* 5 bedroom home Peekskill NY (near New York) for $ 3,000

Yes, this home is real and in good shape. You can see actual pictures of these and many other deals on my site (Link last paragraph). Also, before you bid or purchase of property is a home inspector to view the house as thoroughly as possible. The local inspector or real estate should be familiar with the current size, and estimated potential value of the property. With their help, we can decide on what work, if any, should take and whether the property is a good investment. Of course, if he can return home with $ 10,000 which leaves little money for any work that may need to take before you move or rent. Real estate also can help to assist you in buying foreclosed homes and FSBO.

Or purchase limit, the above limitation or FSBO property, should also be checked in the background check. Some properties may have Liens or history may be charged off to another person.

Limit the list here are just a sample of many distressed properties that are available in all countries. Mon trend foreclosed property is a good way to work on their dream home. Remember, it's time to be greedy, and that everyone was afraid he could sell the house at a later date, when all else is feeling greedy.