Fort Wayne Foreclosed Homes and Houses for Sale

Relocation to the Nation’s Heart

Fort Wayne currently advertises 2,433 foreclosed homes and houses for sale at its real estate listings auctions, bearing a median listed price of a mere $68,822. However, the other 1,776 FSBO homes set for imminent auction in Salinas sport a nearly- double median quoted price of $119,500. This only highlights the fact that seized homes can be purchased at half their typical prices. It appears that prospective homebuyers are waking up more keenly to the brilliant opportunity that the ongoing government foreclosures in the US offer to them to acquire splendid homes at never-before prices. The home prices have generally been declining and this trend is predicted by market analysts to continue for at least another six-18 months. As per S&P/Case-Shiller Home Price Index released recently, home prices in the top 20 US metros declined between 15 percent and 30 percent in the previous one year. The largest decline of 29.9 percent was recorded by Las Vegas. Therefore, it would appear that the time for you to get your dream homes is now and remains continuing.

Fort Wayne is the county seat of Allen County, in the US state of Indiana. The city is the nodal of the Fort Wayne MSA {metropolitan statistical area}. The centrally located city of Fort Wayne lies within a 400 km radius of nearly 20 percent of the US population, and is within a day’s drive from half of the nation’s population. The city’s economy revolves around manufacturing, insurance and healthcare. Fort Wayne has in recent years won the All-America City Award twice.

Fort Wayne has the following cities and towns in its proximity: Zanesville, Grabill, Woodburn, Huntertown, New Haven, Monroeville, Leo-Cedarville, Marion, Aboite, Pleasant, Adams, Creek, Maumee, Cedar, Perry, Eel River, Milan, Jackson, Monroe, Jefferson, Washington, Lafayette, St Joseph, Lake, Springfield, Madison and Scipio.

Magnificent Properties at Throwaway Prices

Fort Wayne home prices are declining, in keeping with the trend witnessed all across the US. Coupled with the falling mortgage rates of interest, aspiring homebuyers have cause to turn euphoric, if not excited. The peculiar economics of the foreclosure auctions render superb homes available to buyers at tremendous discounts. This is because the auctioneers – such as VA, HUD, Fannie Mae or banks – list the seized homes only on the balance of the loan amount pending towards them, which has no relation with their current market values at all. The rush at the foreclosure auctions is logical as buyers troop in to profit from the foreclosure auctions.

Fort Wayne has scores of real estate agents, and Stanley C. Phillips, Roth Wehrly, Donovan J. Michael and Mary Campbell are a few of its leading ones. If you are a first-time intending homebuyer, your first move in the real estate market ought to be to select an expert agent to represent your interests at the real estate listings auctions. The property auctions are quite likely to seem a puzzling maze to the uninitiated. Moreover, these are times of great flux in the US and global economies. Newer developments are occurring almost on a daily basis that have a bearing on real estate investments. So, you cannot be caught napping while the market dynamics mandate a closer analysis and more insightful decisions. A good agent would be someone who is as aware of the local happenings as of the latest housing trends at the macro level.

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