Lafayette Foreclosed Homes and Houses for Sale

Tempting Choices in Educational Hub

The real estate market in Lafayette presently offers potential homebuyers a choice from 234 foreclosed homes and houses for sale. These bear the median listed price of an inviting $98,609 only. The 615 other MLS and FSBO homes that are on sale through the property auctions in Lafayette carry the median asking price of a slightly higher $104,900. The single new home on offer commands a quoted price of a substantially higher $217,900. The market snapshot reveals that the foreclosed homes appear to be at an attractive discount over other homes. Moreover, the median price of a seized home is barely two-thirds of the current median price of a seized home for the US as a whole. The surge of aspiring homebuyers at the foreclosure auctions in Lafayette is, therefore, understandable.
Lafayette is a city located in as well as the county seat of Tippecanoe County, in the US state of Indiana. It is situated barely 100 km away from Indianapolis. As of the 2000 census, the city had a total population of 56,397. West Lafayette, located across the river Wabash River, is the site of the reputed Purdue University. Lafayette, in conjunction with West Lafayette, forms the nucleus of the Lafayette, IN MSA {metropolitan statistical area}, which currently ranks as the 215th largest MSA in the entire US.

Counties that adjoin Tippecanoe County are Benton County, White County, Warren County, Carroll County, Fountain County, Clinton County and Montgomery County. The incorporated suburbs of Lafayette include Otterbein, Battle Ground, Dayton and Clarks Hill. Other unincorporated places located in the vicinity of Lafayette include Americus, Romney, Monroe and Odell. 

Inevitable Popularity of Foreclosure Auctions

The foreclosure auctions in Lafayette have become hugely popular among the buyers. The most conspicuous reason for this is the alluring and discounted price at which the foreclosed homes are being offered for purchase. Buyers are delighted at the prospect of acquiring splendid residences in posh colonies at a fraction of their usual market prices. Further, the reputed auctioneers at the foreclosure auctions – be it HUD, VA, Freddie Mac, Fannie Mae or banks – inspire the buyers’ trust. The properties do have clear titles and proper documentation. The auction procedures are also fairly simple and can be mastered by even first-timers quite easily. The auction process is transparent and just. All these factors combine to draw intending homebuyers to the real estate listings auctions in large numbers.
The property auctions in Lafayette witness a key role being played by the likes of     Phyllis Courser, Becky Johnson, Charles S. Coffman, Alice Francis and Deane Medley. They are among the most prominent property brokers active in the city. Influential agents are naturally much sought out by both the buyers and sellers of homes. The brokers serve as catalysts in the actual hammering out of property transactions by facilitating meetings between buyers and sellers with complementary requirements. You ought to enlist the services of a seasoned agent before you commence with your home search.

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