Are wealthy young families moving in alongside older home owners?
When prosperous young families start moving into neighborhoods previously populated by older people, home prices are likely to increase. These young home owners tend to pour money into maintaining and upgrading their homes, and they vote in favor of spending on schools. Drive around on weekends, and look for neighborhoods where new BMWs and children’s bikes are replacing older cars and older couples. FORECLOSURES Some of the best real estate bargains are in homes facing foreclosure. The owners must sell fast or lose their homes to lenders. In many cases, you are helping the owners out of a very stressful situation. If you stop the foreclosure process while the home is in “preforeclosure,” you could help save the owner from a black mark on his/her credit record. Notices of pending foreclosures are available at county courthouses. Contact the owner of a home facing foreclosure in person or by mail, and politely say that you might be interested in buying his home if he decides to sell. Se
