Home Choices at Throwaway Prices
Brownsville property auctions currently feature 481 foreclosure listings and properties at the median listed price of an inviting $76,000. There are 345 other FSBO properties also available for purchase by prospective homebuyers in Brownsville, at the median quoted price of $117,000. Hence, it is patent that the foreclosed homes are being sold at prices that enjoy a significant discount of about 45 percent over the prevalent real estate market prices. It is this prospect of acquiring gorgeous residences at nearly half their actual prices that is luring millions of aspiring buyers to the foreclosure auctions throughout the US, and buyers in Brownsville are merely following suit.
Brownsville is a city within as well as the county seat of Cameron County, in the US state of Texas. Brownsville ranks as the 15th biggest city in Texas State and as the 130th biggest US city. Brownsville is located in the southernmost fringe of the state of Texas. Brownsville is the nucleus city of the Brownsville–Harlingen MSA {metropolitan statistical area}, which is in turn a part of the greater Brownsville–Harlingen–Raymondville CSA {combined statistical area}.
Brownsville–Harlingen MSA includes several cities and towns, a few of which are Laguna Vista, Harlingen, Palm Valley, Indian Lake, Port Isabel, Rancho Viejo, South Padre Island, Rio Hondo, Santa Rosa and San Benito. The MSA also includes the unincorporated Census-designated places of Grand Acres, Arroyo Alto, Del Marr Heights, Arroyo Colorado Estates, Bixby, Arroyo Gardens-La Tina Ranch, El Camino Angosto and Cameron Park. Suburban cities of and towns of Brownsville in Cameron County include San Benito, La Feria, Los Fresnos, Bayview, Primera, Los Indios and Combes. The villages and unincorporated areas near Brownsville include Rangerville, Encantada-Ranchito El Calaboz, Green Valley Farms, Yznaga, Las Palmas-Juarez, Villa Pancho, Laureles, Tierra Bonita, Lozano, Solis, Ratamosa, San Pedro and Reid Hope King.
Brownsville has scores of property brokers. Pat Ahumada, Irma Walk, Gloria A. Gonzales and William P. Swanter rank among the city’s leading real estate agents. The brokers play the vital role of bringing buyers and sellers of properties with complementary needs to the negotiating table. The agents are knowledgeable about the relative merits and demerits of the various houses on sale. They can also guide buyers on the features of the different neighborhoods in the city. Hence, the agent serves as a useful ally of the intending homebuyers in finding their ideal homes.
Unpredictable Economy Mandates Cautious Investments
Brownsville real estate market remains as vulnerable as other US cities to the general recessionary traits manifest in the US economy and parts of the global economy. Home prices have been steadily sliding in the US, and this trend is expected to continue in the coming months. So, would it be profitable for property prices to decline further before buying your house? This matter, and related niggling doubts and questions, can best be resolved by an agent who is truly worth her salt. Since buying a home involves relatively immense financial input, you must ensure the best guidance for yourself before parting with your money in the ongoing tempestuous and uncertain market conditions.
