Lots of Foreclosures
There are even many options for you to choose from. Bank repo homes, for example, are homes offered for sale by lenders who have not been able to sell the properties through a public auction. HUD homes are being sold through the government via HUD-approved real estate agents. VA repo homes are homes that were last owned by a member of the military. All these options provide you with the chance to save.
Bank owned homes and foreclosures are sold below market value because sellers are eager to get rid of these properties. However, in some cases foreclosed properties may need some repairs because the last homeowners did not take care of these homes as carefully as they might have. As a result, it is important for you to hire a professional inspector to make sure that any repairs are minor and you may wish to set aside some money for repairs as well. However, spending a little time and effort on fixing up the house is well worth it when it saves you thousands or even tens of thousands of dollars.