McAllen foreclosure listings and properties currently number a mere 168, and bear the median asking price of an alluring $106,244. There are 640 other houses for sale at the McAllen property auctions, and their market-determined listed price is considerably higher, at $165,000. This is in tune with the trend witnessed at foreclosure auctions across the length and breadth of the US; the foreclosed homes are usually sold at immense discounts, making them attractive purchases for intending homebuyers. Richard Hernandez, Kathleen Christian, Edna Taylor and James Keller are among the important real estate agents active in McAllen and can prove mightily helpful to you in your home search. You ought to select an agent who has keen knowledge of the local terrain and who is equally aware of the real estate developments and trends at the macro level.
McAllen is a city situated in Rio Grande Valley in Hidalgo County, in the US state of Texas. McAllen is a nodal city of the McAllen–Edinburg–Mission MSA {metropolitan statistical area}, which is the 71st largest MSA in the US. The city is barely a few miles from the US-Mexico border, and is about 70 miles from the South Padre Island and Gulf of Mexico.
McAllen’s sundry suburban cities and towns include the following: Palmview, Alamo, Palmhurst, Alton, Penitas, Donna, La Villa, Edcouch, La Joya, Edinburg, Hidalgo, Elsa, Granjeno, Weslaco, Sullivan City, Mercedes, San Juan, Mission, Progreso Lakes, Pharr, South Alamo, Abram-Perezville, Scissors, Alton North, San Manuel-Linn, Cesar, San Carlos, Citrus City, Palmview South, Doffing, Olivarez, Doolittle, Muniz, El Gato, Monte Alto, Havana, Llano Grande and Indian Hills.
To Buy or Not To?
To buy or not to buy; yeah, that appears to be the question that is the foremost in the minds of all aspiring homebuyers in today’s tempestuous times. The US and most of global economy is in a bleak downturn. Home prices are steadily declining, government foreclosures continue to rise throughout the US, interest rates on home loans are falling, but the future remains grim on various fronts. As a buyer or investor in the real estate listings auctions, you are faced with several vital decisions, and you cannot afford to err, given the large stakes involved. So, should you buy a home now at the foreclosure auctions that offer magnificent villas at half their usual prices? Or, would it be smarter to wait for home prices to slide further and then pick up a residence at rock-bottom prices? You would be well advised to look before you leap, in the backdrop of the current unpredictable real estate market scenario.
Few Suggested Criteria for Buying
However, for those keen to profit from the McAllen property auctions, as a thumb rule, you may be recommended purchasing a home from the foreclosure auctions if you satisfy the following broad criteria: if you have adequate access to credit, if you possess ample reserves of disposable income, if you haven’t already been overexposed to the real estate sector, if you are assured of a secure job or stream of recurring income, and if you can reasonably hope to retain the property for at least the next couple of years.
