Last Updated Apr 26, 2011 4:47 PM EDT
The news coming out of the housing sector continues to be blah - at best. Housing prices are still falling and the foreclosure numbers are up. But with every bit of bad economic news comes a silver lining for those poised to take advantage of the decline.
If you're looking to maximize your real estate purchasing power, you've got to consider foreclosed and real estate owned (REO) properties. It is now possible to purchase far more land, square footage and amenities than just about any time over the past twenty years.
The folks at RealtyTrac have helped me compile this geographically diverse sampling of mid-priced foreclosure options for sale, so you get an idea of what you can buy for around $125,000.
What Can You Buy for $109,900 in Allentown, PA?
The surrounding neighborhood offers easy access to schools, shopping and entertainment. The property will be offered at auction very shortly, so you might buy it for a whole lot less than the advertised price.
What Can You Buy for $135,000 in Villa Rica, GA?
The new construction abode sits atop a large land tract with a two-car garage and a long driveway that allows for additional parking. The warm Georgia weather and spacious amenities create a welcoming environment for barbecues and other large family gatherings.
What Can You Buy for $139,900 in Westerville, OH?
But prospective buyers must take a walk outside to find the private community's outdoor pool, tennis and basketball courts. A playground, fire pit and party space complete this family-friendly environment.
What Can You Buy for $145,000 in Summerville, SC?
The sunroom overlooks a spacious fenced-in yard with verdant landscaping that provides a perfect natural retreat. The pre-foreclosure is a great value for medium-sized families looking for room to roam.
What do you think of the latest offerings in the foreclosure/REO sector?
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Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com and The Equifax Personal Finance Blog, and is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.