Plano Foreclosed Homes and Houses for Sale

Inexpensive Home in Affluent City

Plano presently has 419 foreclosed homes and houses for sale at the median listed price of $144,455. In marked contrast, the other houses on sale at the Plano property auctions command a median listed price of $239,900, i.e. at a premium of nearly 50 percent over the going rate for seized homes. This discounted price doubtless explains the rush at the foreclosure auctions by prospective homebuyers. Rick Fambo, Sam O. Jones, Alex Roostaei and Deryl Holcomb are leading real estate agents working in Plano. Of course, there are scores of others. You can be considerably helped to maximize your profit from the Plano real estate listings auctions if you hire an expert agent.

Plano is a city located in the Denton and Collin counties in the US state of Texas. Plano is an affluent suburban city of Dallas. Plano lies within the Dallas–Fort Worth–Arlington MSA. The city plays host to the headquarters of such corporates as Perot Systems, Electronic Data Systems, Frito-Lay, Crossmark, Ericsson Inc, Rent-A-Center and Dr Pepper. In recent years, Plano has often been ranked among the top dozen US cities to live in by CNN Money magazine. Besides, the magazine has also cited Plano as the wealthiest US city, with a poverty rate of just 6.4 percent and a median family income of $106,335. In 2008, the US Census Bureau has ranked Plano as the Most Affluent City. In 2008, Forbes has selected Plano, along with Highland Park and University Park as the three top suburbs of Dallas to “live well”.

Among the suburban cities and towns of Plano may be mentioned Melissa, Josephine, Allen, Lowry Crossing, Anna, Lavon, Blue Ridge, Farmersville, Celina, Frisco, Copeville, Fairview, Dallas, Garland, Lucas, Wylie, McKinney, Weston, Princeton, Westminster, Carrollton, Murphy, St Paul, Nevada, Royse City, New Hope, Richardson, Parker and Prosper.

Important Factors in Shortlisting Homes

When you compare the details of the residences that are to be sold at the property auctions in Plano, how do you select the bare few as choices sufficiently attractive to warrant your bids? The following may act as the prime variables in determining your choices. At the outset, the marked price better be such as you can afford buying the house. Other important considerations in identifying tentative properties to purchase at the Plano real estate listings auctions are the location and the physical condition of the homes. You should seek a clean, peaceful and crime-free colony to relocate to. Next, you should prefer homes that have shopping complexes, educational institutions, hospitals, parks, and similar facilities nearby. Further, since the foreclosure auctions sell the seized properties on an “as-is” basis, you must visit the site personally, carefully inspect the homes, and estimate the quantum of repairs that each would require, if any. You ought to deduct the respective expected expenditure on such repairs from the final bid prices that you have decided to make while bidding for the homes.

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