Abilene foreclosure listings and properties have inspired the residents of Abilene and its suburbs to eagerly seek their dream homes at the ongoing foreclosure auctions here. Condos, apartments, duplexes, multi-family units and commercial setups vie with one another for your attention. Most of the properties are splendid homes and in classy localities. The HUD, VA and bank REOs {real estate owned homes} are typically offered at inviting discounts, and involve neat procedures and clear titles of possession. No wonder the property auctions draw huge crowds of prospective homebuyers.
Abilene, nicknamed the Friendly City, is in Jones and Taylor Counties in the US state of Texas. Abilene is the highest ranked city in Texas, and stands as the 17th city in the whole of US for its public education system, according to the Business Outlook magazine. Hence, this should be one good reason why anyone would want to relocate to Abilene. Abilene’s suburbs include Anson, Clyde, Merkel, Baird, Cross Plains, Hamlin, Potosi and Tye.
Government Foreclosures: Lessons to Learn
Abilene foreclosure auctions are a part of the over a million government foreclosures that the US has already witnessed in 2008 so far. The phenomenon of foreclosures has been on the rise, from a million in 2006, and 1.5-2 million in 2007, and this mounting spate evinces no sign of ebb in the near future. All real estate investors have lessons to learn from the large-scale government foreclosures and the resultant misery they spell for the dispossessed defaulting owners of properties. You must take care not to repeat the errors that such owners may have committed.
Winning at the Foreclosure Auctions
However, the Abilene foreclosure auctions represent an attractive business opportunity that you ought not to allow to pass you by unexploited. Just be clear about your sundry requirements regarding your home. Objectively assess your financial conditions. What is the loan amount whose installments you will be able to continue paying regularly in the years to come? Along with the disposable funds at your command, identify the amount that you can afford to spend on your house. You should set aside a certain sum from this amount for likely expenses on repairs, relocating expenditure, and the like. The sum left with you at this stage in your financial planning is the maximum bid price for the foreclosure auctions that you must take care not to exceed under any circumstance.
The Abilene real estate market teems with agents, who facilitate property transactions, for a commission payable by the sellers on the deals conducted. Bonham Calk, John Carlson, Dorothy Hester, Carl Weaver and Jim Hatchett Jr are a few of these agents. You can facilitate your task of acquiring a marvelous home and making a profitable investment by seeking the expert services of a competent real estate agent. You ought to firstly verify the agent’s accreditation with the state’s department of real estate. A reliable agent will have experience, competent staff, will be easily accessible, and will respond to your requirements promptly and judiciously. The property auctions are tricky ground and you must put your best foot forward to emerge a winner from your transaction.
