Throwaway Prices in Industrial Hub
A snapshot of the Erie real estate market discloses that only a relatively few 166 foreclosure listings and properties are included among the foreclosure auctions set to take place in the next few days. The median listed price that these foreclosed options bear is a ridiculously and unbelievably low $4,023 only. Indeed, this might take some seeing for the believing. The flood of potential homebuyers at the Erie property auctions proves that people are doing just that. The 1,386 other FSBO and MLS houses that figure among Erie’s property auctions sport a substantially higher median quoted tag of $99,900. Even these home prices are immensely below those in other US cities. Erie looks like quite a homebuyer’s paradise! Indeed, the tempting low prices at the Erie foreclosure auctions ought to invite all and sundry to grab the houses offered regardless of any other consideration. Once the market stabilizes and home prices rise, investors can expect to smartly flip these homes at grand profit margins.
Erie is a city located in and the county seat of Erie County in the US state of Pennsylvania. Erie lies on the bank of Lake Erie and derives its name from the lake and the indigenous American tribe that used to inhabit the region. Erie also owes its nickname of the Gem City to the “dazzling” lake. Erie is the fourth most populous city in the state, next only to Allentown, Philadelphia and Pittsburgh. Erie forms the nucleus city of the Erie MSA {metropolitan statistical area}
Erie is an industrial hub, with considerable emphasis on locomotive building, plastics and the like. Lately, Erie has begun to focus on the tourism industry. The over four million visitors that it draws annually take especial delight in water sports at its hugely popular Presque Isle State Park.
The suburbs of Erie include the city of Corry. Neighboring boroughs include Albion, Elgin, Cranesville, Girard, Lake City, McKean, Union City, Mill Village, Platea, Wesleyville, Waterford and Wattsburg. The townships located in close proximity to Erie include Lawrence, Concord, Amity, Conneaut, Fairview, Elk Creek, Girard, Franklin, Greene, Lawrence Park, Greenfield, Harborcreek, North East, McKean, Union, Springfield, Venango, Summit, Wayne, Washington and Waterford.
Professional Help for Foreclosure Auctions
The Erie real estate market has umpteen property brokers helping the buyers and sellers to get together and hammer out sale transactions, for their seven percent brokerage receivable from the seller, of course. Buyers get to avail themselves of the agent’s advice free of charge. Hence, it’s no dent in your pocket if you search for a truly knowledgeable, responsive and efficient agent to become your ally in your home search. The agent should be familiar with the local territory and also well versed in the latest macro happenings and trends pertaining to the housing segment. The prominent real estate agents in Erie include Steve Hartman, Jack Munch, Clemont Austin, Ken Gross and Dennis Weed. Hiring an influential agent makes your home-acquisition process just that much the easier.
