McAllen, TX Foreclosed Homes and Houses for Sale

Limited if Irresistibly Priced Options

The McAllen real estate market currently has just 60 foreclosed homes and houses for sale. These sport a median listed price of just $74,494. That is an extremely low price and tempting enough to draw hordes of potential homebuyers, and the jostling crowds of buyers at the foreclosure auctions in McAllen attest to it. Additionally, there are 739 other MLS and FSBO homes scheduled for auction at the real estate listings auctions in the city. These properties carry the median asking price of just $159,900. As home prices go, even these are fairly moderate. However, it is obvious that the foreclosed homes are being offered at rates that are less than half of even such others that are governed by the usual market prices.

McAllen is the biggest city in Hidalgo County, in the US state of Texas. It is located at the southern tilt of Texas in the region called Rio Grande Valley. McAllen is the 187th largest US city. Hidalgo County is the seventh most populated county in Texas. Its seat is Edinburg, while McAllen is its largest city. McAllen is a part of the McAllen–Edinburg–Mission MSA {metropolitan statistical area}, which is the 70th largest MSA in the US. The MSA has the lowest per capita income among all the 276 MSA’s in the 50 US states at about $10,000. The median family income within the MSA, at about $25,000, also happens to be the lowest in the entire US. McAllen lies within a few miles the Mexican border, and is located in the vicinity of South Padre Island, the river Rio Grande and the Gulf of Mexico. McAllen ranks among the fastest developing cities in the US.

McAllen’s diverse suburban cities include Alamo, Elsa, Alton, Edinburg, Donna, Mercedes, Edcouch, La Villa, Mission, Weslaco, Palmhurst, San Juan, Palmview, Sullivan City and Progreso Lakes. In addition, the unincorporated communities in the vicinity of McAllen include Cesar Chavez, Havana, Citrus City, Doolittle, Doffing, La Blanca, Heidelberg, Indian Hills, Laguna Seca, Muniz, Llano Grande, Monte Alto, Lopezville, Mila Doce, Runn, Olivarez, Nurillo, Relampago, Scissors, Val Verde, San Carlos, South Alamo and San Manuel-Linn.

Agent’s Importance has Grown Today

McAllen property auctions would be a lack-luster affair were it not for the dynamic role played by its umpteen real estate agents. Property brokers are vital catalysts in the occurrence of property transactions. An agent can guide you in making the right decisions regarding selection of homes and mortgage scheme. Richard Hernandez, Adrian Arriaga, James Keller, Edna Taylor and Yolanda Sanchez count among the leading brokers influential in McAllen. Your home search can best commence with the hiring of a veteran agent to help you reap a bonanza at the McAllen real estate listings auctions. Further, with the economy suffering a downturn, flux and uncertainty permeate most markets, including the housing segment. Hence, you ought to invest in the McAllen property auctions only with the go-ahead of an astute property broker.

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