No matter what you buy, you get what you pay for! Cars, food, office supplies and homes - no difference. Even though price doesn't necessarily equal quality, there is a lot to be said for quality for vs. Price when it comes to real estate pricing. Here are some tips on how to compare quality homes vs low price homes.
In today's economy, almost house in the U. S. Has been hit with a significant devaluation. It doesn't matter if the homeowner is upside down on his mortgage or not. All homes are worth about 25% less than two years ago.
And these are homes that are being maintained, lived in and paid for. What happens to homes that are foreclosed on and abandoned? These homes usually sell for pennies on the dollar for a number of reasons, and the most important one is that the homes have been vandalized. Frequently, the damage was done by the previous owner before being evicted.
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