There is no realistic way to answer this question. Even though real estate typically increases, market prices are falling and counting on a 10% increase every year is not a logical percentage right now.
The buying public will let your neighbor know how much he will get for his house when he decides to sell.... more
No one would take $10 for a deposit on a house. When buying foreclosures, Most realtors/banks are requiring $1,000 or 1% of the sales price whichever is greater for a deposit. A foreclosure sale is as is with no contingincies. you need to have your financing in place and be ready to close in 30 days or less. if you dont close you lose your deposit. hope this helps... more