Huntsville, AL has some very good quality foreclosure listings to choose from. Whether you are interested in buying foreclosed homes at government auctions, pre-foreclosed houses, bank owed REO’s, there is something for all buyers/investors in all neighborhoods and price ranges. Accordingly to Trulia.com, one in every 1,042 homes received some kind of foreclosure notice during the month of April 2010. The average home sale price in Huntsville, AL for April 2010 was $165,395. With prices this affordable, there is no excuse to wait to buy. Foreclosed houses are sold at much lower prices than market prices so you already have a built in equity.
Best Places to Find Quality Foreclosed Homes?
So where do you find the best quality foreclosure listings in Huntsville? Talk to your local Realtor and they can help you. Good quality homes can be found at property auctions as well as from banks and short sales are advertised in the local MLS, in newspapers and on Internet sites. Short sales tend to be in better condition because the owner or tenant are residing in the home, where foreclosed houses usually have been vacant for some time. Some REO bank owned properties are in very good condition though. You can find many good bargains on luxury properties too.
Top 100 Places to Live
Huntsville, AL was chosen by Relocate America this year as one of the 100 best places to live. The reason Huntsville made it to number 1 out of 10 on the list was it has a low level of unemployment; stable housing inventory and the cost of living is relatively low. In 2009, Huntsville was listed the fifth best place to live. Here is a list of the rest of the top ten 2010 winners:
- Huntsville, AL
- Washington, DC
- Austin, TX
- San Diego, CA
- San Antonio, TX
- Tulsa, OK
- Charlotte, NC
- Raleigh, NC
- Boulder, CO
- Minneapolis, MN
Before the cat gets out of the bag, you should take advantage of foreclosure opportunities while they last. Low interest rates are also another reason to invest in quality foreclosed houses in the area as well.
Why Buy Foreclosures Here?
NASA runs a complex in Huntsville, which uses rockets and Redstone Arsenal for the U.S. Army is in Huntsville. While the Department of Defense has closed bases elsewhere, Huntsville is still a place where civilian support personnel and contractors as well as military personnel require homes to live. Cummings Research Park attracts many people to the area as well. A large number of people who work here also stay and retire here. Numerous area attractions and recreation activities include the Madison County Botanical Gardens, the US Space & Rocket Center, the Huntsville Museum of Art, Monte Sano State Park and the Alabama Constitution Village. Don’t forget the Robert Trent Jones Golf Trail facility for you golf enthusiasts.
Climate conditions are superb offering four seasons. There is very little crime, and the area has the best shopping and dining for miles. Also, for families with children, the schools are some of the best rated. Nestled in the Smokey Mountain foothills, Huntsville has it all. In fact in 2008, U.S. News World & Report voted Huntsville one of the healthiest and best places to retire. For those reasons, why would you even think of investing in foreclosed houses anywhere else?