With the down turn in the market many buyers are turning to foreclosed homes. Foreclosed homes can be a great deal for home buyers. As the inventory of foreclosed homes has increased, banks have been looking for ways to sell off this excess inventory.
Banks are now making large price cuts and are now making repairs to foreclosed properties to make them more marketable. They have also created several new programs including the Home Paths program. the Home Paths programs allows you to borrow more than the purchase price to allow you to make repairs & upgrades to the home immediatley.
Right now in Johnson County Kansas there are over 65 foreclosed homes available, with prices starting below $100,000. Just like everything else, the good homes go quickly.
With Interest rates at or below 5% and a $7500 tax credit for first time buyers, you will see why I am dubbing 2009 as " The Year of the Buyer"
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This information brought to you by The Russell Home Team, Your Johnson County Kansas Real Estate Experts! www.SearchjocoHomes.com 913-681-1383
Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...
Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com or www.SearchjocoHomes.com