Elizabeth Foreclosed Homes and Houses for Sale

Variegated Options in Green City

The Elizabeth real estate market currently has 821 foreclosed homes and houses for sale at its foreclosure auctions in the next few days. These homes have the median listed price of a relatively steep $343,000. Besides, there are 503 other MLS and FSBO houses also advertised for immediate sale at the Elizabeth real estate listings auctions, carrying the median asking price of $300,000. The Elizabeth real estate market snapshot reveals the anomalous situation of the seized homes actually having a higher median quoted price than the other homes. Local factors must doubtless account for this. The foreclosure auctions are still drawing hordes of potential homebuyers for the delightful range of splendid homes on display in enviable colonies.

The city of Elizabeth is located in and is the county seat of Union County, in the US state of New Jersey. Elizabeth is the fourth most populous city in the state. Union County is among the most densely populated counties in the US and stands 92nd among all US counties in terms of highest incomes. Union County is a part of the flourishing New York MSA {metropolitan statistical area}. Counties adjoining Union County include those of Morris, Essex, Somerset, Hudson, Middlesex and Richmond. During 2008, the magazine Popular Science had cited Elizabeth among the 50 Greenest Cities in the US.

The suburbs of Elizabeth include the cities of Summit, Linden, Rahway and Plainfield. Towns lying in the vicinity of Elizabeth include Clark, Westfield, Berkeley Heights, Union, Cranford, Springfield, Hillside, Winfield and Scotch Plains. Boroughs in the neighborhood of Elizabeth include Roselle, Fanwood, Roselle Park, Garwood, New Providence, Mountainside and Kenilworth.

Knowledge & Ally for Investments

The Elizabeth real estate market is similar to the housing market in the risk that financial investments involve. Since a house purchase entails a huge amount of money, a lay person usually acquires a house but once in her entire lifetime. Moreover, the properties market has its seasonal slumps and booms, and also remains quite vulnerable to the macro economic trends. Hence, property investments remain a hazardous activity even for veterans in the best of times. For first-timers keen to invest at the ongoing property auctions, a short-term education process on the basics of homebuying might prove a grand idea.
The local newspapers can provide you details of the forthcoming foreclosure auctions in Elizabeth. However, you can benefit substantially from the plethora of websites devoted to government foreclosures. These sites contain ample resources that will stand you in good stead in your search for your dream home and a lucrative investment at the Elizabeth real estate listings auctions.

There are scores of experienced real estate agents active in Elizabeth. Hiring an expert broker ought to be your first step in getting your fancied house. Olivia Alford, Edwin J. Blick, Mary Carvalho, Doris Glick and Ignazio Bruscianelli count among the prominent property brokers in Elizabeth and can prove helpful allies in your foray at the city’s property auctions.

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