Good for you! You've just started on your journey. Each person is unique in their needs and what you want and don't want. If you're looking to stay around Inver Grove and want someone who know the homes and area I would be happy to help as I live in Inver Grove and have been a real estate consultant for 29 years.
There are homes in that price point that could be a good option, but it really depends on your needs. Talk to an agent that can help you put better parameters on what you are looking for by asking you more questions. You will be best served by finding an agent that specializes in the areas you are considering.
Coldwell Banker Burnet
Searching the MLS, there appears to be several options in the South suburbs of St. Paul. It depends on whether you want a single family, condo or townhome and what other criteria you're looking for (bedrooms, baths, etc.).
South St. Paul appears to have the largest number of REO homes, with some also in Cottage Grove and IGH. Both Highway 61 and 52 have easy access to downtown St. Paul.
We primarily work with buyers, and many of them find our home search to be the easiest they've used:
Good luck and let us know if you need any help.
The agents you speak of are most likely sending you to Saint Paul as they have the largest amount of REO properties for sale. I did a quick search of REOs in Inver Grove Heights, Apple Valley, Eagan, and Burnsville, and came up with 12 homes, mostly townhomes, for sale. I live in the south Metro so you are looking at a commute time from anywhere of 15-40 minutes, depending how far south you go. If you stay along the 35 E corridor, you will have a relatively easy path into Saint Paul. If you look into Apple Valley, Rosemount, Lakeville, or Farmington, streets like Pilot Knob and Cedar Avenue (77) will get you into Saint Paul as well.
When you say "good" what are you thinking? Good condition, good price? At that price point the homes might be in rough shape. Remember your going to be buying "as is" I would find a Realtor to help you through the process.
Get a great Realtor working for you! What area are you looking in?
Thanks, Todd Norsted
There are many homes listed for sale that are real estate owned by banks in the multiple listing system. For the most part, this is the first place a bank puts them, and sometimes the only advertising done. If you have an area you are specifically looking in, like Inver Grove Heights, let me know and I will send you a list of current REOs available.