It's an interesting time to be shopping for a new home. First-time home buyers will have the benefit of not having to sell a home in a down market in order to buy their new home. Current homeowners will have a slightly more difficult time, as they will be receiving less value from their home than they originally expected, but will also be able to get into a new home for less than expected. Find a good real estate agent, and they will go a long way toward steering you through the potential minefield of the modern housing market. Your real estate agent may also be able to put you in touch with a good mortgage broker. You'll be enjoying your new house before you know it!
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Buying REO’s

Investing in Real Estate Owned (REO) via short sale or foreclosure can save you money. Seize this opportunity, as banks are eager to sell REO’s hastily. When you buy an REO property, there is no waiting period, speeding up the buying process. REO's can be easy to find, but them can sometimes be a challenge.

Banks will sell quickly to expedite getting the house off their books. Available for less than their market value, REO’s offer an abundance of investment prospects. Purchasing REO’s can offer more value than buying from a retail seller.