The idea of snatching up foreclosed homes and turning them around sure is appealing. Get an amazing house in an exclusive neighborhood, but only spend a fraction of what the house is really worth, right? Surely you have dreamed of it.
Before I continue, I must tell you the ugly truth surrounding foreclosure sales. In the United States, statistics reveal that the majority of foreclosed properties end up selling for less than 5% below their market value.
For example, if a foreclosure is worth $500,000, they rarely sell for less than $475,000. A far cry from the amazing deals you read and hear about, right?
Don’t be too disappointed just yet, because the truth is that there are always real bargains on new properties. You just need to know where to look and be quick when you find a deal. There are sharks that buy these properties in the blink of an eye, so you have to be a little faster in the draw, that’s all.
If you are genuinely interested in getting a good deal on a foreclosed home, or are interested in buying and selling real estate and property, you should look closely at a foreclosure listing service.
Ultra Foreclosures is the ultimate resource for locating, investigating, and acquiring foreclosed properties in the United States. Ultra Foreclosures allows you to search for different types of properties, including:
- Bank Foreclosures – REO and Repos
- Government Foreclosures – HUD, Fannie Mae, IRS
- Preforeclosures and FSBOs
- Tax liens and tax deed auctions
You can search for homes by zip code, city, county, or state. Members receive substantial contact information, appraisal information, foreclosure information, neighborhood information, sales history, and tax information on each property.
If you’re using a more common listing service to search for properties, like a magazine you picked up at the supermarket, it’s worth noting that the best properties never make it to those top sources.
