It would be fair to say that I was more than a little bit skeptical when I read about the government seized real estate market. I mean if properties really did sell for up to 90% off market value there should be thousands of eager buyers, but still I have never heard about anybody who have brought a seized property.
Well, we really needed a bigger house so each of the kids could get their own room. So I decided to look into it a bit more and was able to read a success story here and there on the Internet. It turned out that seized properties really were selling for up to 90% off market value, but the most difficult part was to find the properties for sale. It’s like the banks, federal and state organizations that do the selling have agreed not to advertise anywhere.
Not being able to find any seized properties for sale was sort of a show stopper really. I mean, sure, there might be lots of dirt cheap seized properties, but what does that help when they are almost impossible to find.
Having looked around unsuccessfully for a week or two, I decided to ask my bank advisor for a tip when I went to the bank anyway. What he told me was that there is an easy way to find seized properties that he could really recommend.
There is this website called seizedrealestate.com where you can easily search for seized real estate in each and every state. There are tons of properties for sale and most of them are handed over dirt cheap. It’s a buyer’s market since the banks, federal and state organizations just want to get rid of the properties and most people don’t know anything about it.
It cost a few dollars to join the website, but I guess that’s okay when you compare the price with all the time you’ll save looking for seized real estate. It really is a fast and easy way to find a cheap home – or a great investment.
Today, a few weeks after I first read about government seized real estate, we have found a nice house on seizedrealestate.com for around 80% less than the usual price in the same area. Now I’m seriously considering if we should buy some more properties and rent them out or sell them for a nice and easy profit.
