Real Estate Blog

Real estate blog that offers a one stop shop for any topics related to real estate. Learn about buying, selling, wholesaling, investing, talk Realtors, short sales, foreclosures, lender low rates, and anything else that people are interested in regarding real estate.

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Pennies On The DollarRealtyTrac.com CEO Reports “The lack of understanding can foster foreclosure myths that are dangerous both for homeowners who want to avoid foreclosure and buyers interested in purchasing a foreclosure.”

Walking into the real estate market in today’s conditions to buy a house may leave you with many unanswered questions. Television, newspaper, Internet articles, and even so called real estate gurus are telling you this is the time to buy houses for “pennies on the dollar”. What most buyers do not understand is that getting huge discounts on properties may be farther from the truth than what they are led to believe.

What does it mean to buy houses for “pennies on the dollar”?
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BankRate.com Reports that “The Web is a great way to research your target market's price ranges, home types and recent sales. How much another bedroom might cost, how distance to public transportation affects price and whether some neighborhoods are slightly cheaper than others are all questions the Web can answer.”

Stop & Ask Yourself

  • If you were to start looking for a house, where is the first place you would go to get information?
  • Would you contact a Realtor first?
  • Would you start spending every Sunday going through open houses?

 

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