House Hunting Tips: Foreclosures
Latest Consumer Buzz: Foreclosures
With Thanksgiving behind us, the holiday shopping craze has officially begun. Take a break from the crowds and catch up on the latest talk among home buyers: foreclosure properties.
You’ve told us you’re interested in searching for foreclosures, so we’ve added some features to help you navigate the waters. Buyers can now search approximately 400,000 foreclosures on Trulia, where you can browse by state, city or neighborhood, compare prices against average listing and sale prices, and more.
Handy tip of the week: Once you’ve entered a search, you can limit your search results to just foreclosures under the listing type filter.
Foreclosure Q&A
Want to learn from about how the foreclosure process works? Don’t worry, you are not alone. Foreclosures can be complicated and stressful for buyers and everyone involved. In fact, over ten percent of questions and answers on Trulia Voices address foreclosures.
Check out a recent question from Ann, a home buyer in Georgia, who is considering buying a foreclosed home:
Q: What would be a reasonable price to negotiate and what other things should I consider?
What’s your question? Ask it on Trulia Voices.
Learn By Example
Curious if your local market has a high foreclosure rate? This month’s Trulia Trends report highlights the top foreclosure markets in the U.S. and markets with the biggest decline in median list prices.
And how will the current credit crunch and lukewarm sales affect your bargaining power for that dream home? Find out how foreclosures can impact your house hunting decisions by reading up on some key cities in this month’s report.
Download the full report here (PDF).
Sign up to get this nifty newsletter every two weeks here. In the meantime, don’t go too crazy with the holiday shopping… after all, you still have a mortgage to pay.
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Mantaar » House Hunting Tips: Foreclosures said,
November 30, 2007 @ 1:58 pm
[…] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerpt [IMG] Latest Consumer Buzz: Foreclosures With Thanksgiving behind us, the holiday shopping craze has officially begun. Take a break from the crowds and catch up on the latest talk among home buyers: foreclosure properties. You’ve told us you’re interested in searching for foreclosures, so we’ve added some features to help you navigate the waters. Buyers can now search approximately 400,000 foreclosures on Trulia, where you can browse by state, city or neighborhood, compare prices against ave […]
pussi » House Hunting Tips: Foreclosures said,
November 30, 2007 @ 2:03 pm
[…] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptDownload the full report here (PDF). Sign up to get this nifty newsletter every two weeks here. In the meantime, don’t go too crazy with the holiday shopping… after all, you still have a mortgage to pay. […]
Brad said,
December 7, 2007 @ 9:10 am
Sadly, trulia’s foreclosure search is not nearly what it should be. The only data provider they allow for foreclosure properties is realtytrac and thei database is incomplete and out of date.
I am a broker who specializes in foreclosures and they would not accept my feed of over 100 foreclosures for which I am the listing agent even though the properties were nowhere to be found on there. Oh well.
I can tell you from personal experience that the realtytrac data sucks. Our investor-buyers know we specialize in foreclosures and sometimes call us on one maybe they found somewhere using realtytrac data and more often than not it was sold months ago.
Catherine said,
December 10, 2007 @ 1:18 pm
Hi! I work at CurrentForeclosures.com a foreclosures site. I agree that yes, this may be a good time to go bargain hunting for worthwhile foreclosed properties. At this point when most of the properties are devalued, there is a very good chance that potential buyers will have more than enough choices from among foreclosed properties which are considered as good buys. However it is wise and prudent to look around first, make researches on the neighborhood, before making the final decision. Check around for foreclosures sites too for tips and industry updates.
Elain, marketing specialist said,
January 15, 2008 @ 6:20 pm
Hi all,
Thanks for your comments and feedback, we’ll definitely take them into consideration as we continue to evolve our foreclosures product.
If you have any further comments, please feel free to email customerservice@trulia.com.
Thanks,
Elain
Minnesota & Wisconsin Lake Property said,
January 17, 2008 @ 7:52 pm
foreclosuer is always a risky busines. many have made lot of money from this and many have lost alos
Database Of Foreclosure Property Listings said,
February 8, 2008 @ 8:00 am
Profit From Foreclosures and Seized Property
You’d be surprised to know that it’s possible to purchase property for as little as $10,000 even in areas where there has been a property boom. We’re not talking about bits of land in far remote places that have little or no chance of profit in the …