Mesquite foreclosure listings and properties presently number 877, and have the median asking price of an inviting mere $88,000. In glaring contrast, the other 794 FSBO homes also listed at the Mesquite property auctions carry the nearly-double median marked price of $117,000. Obviously, a seized home sells at half the price of other homes in Mesquite. So, it is natural to find aspiring buyers eagerly queuing up at the Mesquite foreclosure auctions. The government foreclosures have been steadily rising across the length and breadth of the US in recent months. In the single month of August, 2008 one out of every 416 US households was foreclosed. The states that have been the most severely affected by the foreclosure filings are California, Arizona and Nevada. The fiscal situation remains grim as the government mulls various steps to stem the growing tide of foreclosure filings.
Mesquite is a city that lies partly in the counties of Dallas and Kaufman in the US state of Texas. Mesquite is the site of the Mesquite Championship Rodeo, which has earned it the sobriquet of the “Rodeo Capital of Texas”. Mesquite is a suburb of Dallas. Other cities and towns that form Mesquite’s suburbs are Lewisville, Addison, Ovilla, Balch Springs, Richardson, Cedar Hill, Rowlett, Carrollton, Sachse, Cockrell Hill, Seagoville, Combine, Sunnyvale, Coppell, University Park, Wilmer, DeSoto, Wylie, Duncanville, Lancaster, Farmers Branch, Irving, Ferris, Hutchins, Garland, Highland Park, Glenn Heights, Grapevine and Grand Prairie.
Ideal Time to Buy Homes
So, is this the right time for you at buy a home at the Mesquite property auctions? Yes, it is, but given certain assumptions. These constants may be spelt out as follows. You ought to purchase a home because the foreclosure auctions provide you a rare opportunity to pick up gorgeous properties at half their market prices. The banks and government agencies like HUD, VA and Fannie Mae seize homes when their owners persist in defaulting on their mortgage finance installments. The auctioneer seeks to essentially regain the pending amount due on the loan advanced towards the foreclosed properties. Hence, these homes are invariably listed at grand discounts over the prevailing market rates. Be quite clear about this, what you are witnessing is perhaps an once-in-a-lifetime chance of selecting splendid residences in classy locations at virtually throwaway prices. If you are assured of a fixed income or earnings, have adequate disposable surplus money, aren’t in a hurry to convert your asset into liquid cash, then this is certainly the ideal time for you to buy homes at the Mesquite real estate listings auctions.
Expert Guidance from Professional Agents
The Mesquite real estate sector witnesses an important role being played by Floria Talbert, George Venner, Shirley Roberts and Jerry Beezley, and their ilk. As a few of the leading property brokers among the hundreds that function in Mesquite, hiring the professional services of any of them could be among the smartest moves that you could make. An appropriate purchase at the real estate listings auctions can only stem from grassroots knowledge of the local territory. A lucrative investment at the property auctions can only be preceded by astute judgment of real estate dynamics. Only an expert agent can guide you in such matters. Hence, you ought to get a veteran agent as an ally in your search for an attractive home at the Mesquite property auctions.