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How to Get a Good Deal on Killeen Real Estate Business Articles | November 15, 2010
The Killeen real estate market is recovering Brayden Schenn Jersey , but, fortunately for the bargain hunters, that doesn't mean there aren't still good deals to be had. The number of closed sales is rising in many areas, b...

The Killeen real estate market is recovering, but, fortunately for the bargain hunters Joel Edmundson Jersey , that doesn't mean there aren't still good deals to be had. The number of closed sales is rising in many areas, but prices are still fairly competitive in most neighborhoods, which means that if you know what you are doing, you may be able to find your dream home for a good price.

Since housing values will continue to rise as the market improves, this may be a once in a lifetime opportunity. Here are a few ideas to help you find a good price on your next home.

Buy a foreclosure or real estate owned property. When a property is foreclosed on, usually it is the bank that ends up owning it Carl Gunnarsson Jersey , as opposed to selling at auction to another buyer. These bank-owned properties are also known as real estate owned, or REO. REO properties generally sell for less than comparable homes in the neighborhood that are being sold by the owners under normal circumstances, since banks are usually interested in getting their money back out of the property. Therefore, you will be able to buy a home at a savings now, which will look like an even better deal in a few years, after the market has stabilized and property values have gone back up!

A word of caution Vladimir Tarasenko Jersey , though: Sometimes buying a foreclosure has hidden costs. Make sure there are no other liens on the property, and find out if there are any debts owed, such as an unpaid water bill or property taxes. Often someone who hasn't been making their mortgage payment also hasn't been paying their other bills, and as the new owner of the property, you could be responsible for them.

Consider a short sale. A short sale is where a property is sold for less than what is still owed on it. This usually means a home that has decreased in value during the real estate woes of the past few years. The owner may also have refinanced, taken out a second mortgage Jaden Schwartz Jersey , or borrowed against the equity too often. Any which way, the end result is that more is owed on the home than what it is worth, and as a result, the owner is forced to sell it for less than what they owe.

gent's negotiating skills have a lot to do with the price you end up paying. If a good deal is important to you Jake Dotchin Jersey Youth , make sure you choose your agent carefully, and choose someone who can drive. Cheap Jerseys Cheap Shirts Cheap Hoodies Cheap Soccer Jerseys Cheap NFL Jerseys Cheap Nike NFL Hats Cheap Basketball Hats Cheap NCAA Hats China Wholesale MLB Jerseys Wholesale College Hats