There is not magic to acquiring home as such great prices. You, however, must be properly prepared to participate in such a market. That means, no contingencies, no financing.
Your expectation also plays a role. 60 cents on the dollar means a solid house but UGLY!
80 cents on the dollar means dirty and stinky and needing cosmetics.
Finally, you will need to have an arrangement that assures you will stay in the game. Finding a agent who will turn over the rocks to find these deals ONLY occurs if they are assured you will stick with the until you buy a house. Read that line again. Be fully aware, any agent doing any business at all already has buyers lined up to purchase these properties because THEY KNOW THEY WILL BUY. Give your agent this assurance and just watch what they can dig up in one morning of phone calls. By the way, these home are rarely, nearly never seen in the MLS or ANY of the other places you are looking.
If you walked into my office and defined the type of home you are looking for, the purpose for your purchase, the situation you are looking for, and show the ability to purchase, I, or my bird dogs, will find you a home, If you don't make an offer, my other buyers will buy the home before the sun sets. This is how competitive the market is. Your name however, drops to the end of the notification list.
These values are out there. Now is the time to get your money in play.
Best of success in finding your great value home.
ReMax Realtec Group
Palm Harbor, FL
727. 420. 4041
It is possible that the property that was originally listed for $100,000 will sell for $50,000 but that is typically after a series of price reductions. ($100,000, $90,000, $80,000, $70,000, and at $60,000 they accept $50,000).
As one of the other agents mentioned, the data on some of these websites is not accurate. You need an agent to look at the history and condition of the property and guide you accordingly.
Prudential Patt White Real Estate
Lehigh Valley, PA
Do some research.
there are a lot of deals out there right now....a lot of which are either short sales or foreclosures. It usually takes a lot of offers and a lot of waiting to make a good deal like that happen but if you have the time it can be worth it. Are there specific addresses you are thinking of where you saw a drastic difference in list vs sales price? Let me know and I can look further into them for you and give you the scoop. Feel free to browse the MLS on my website so you can see everything available in the area/s that you are interested in. http://www.KaraWatkins.com
Let me know if there is anything else I can do to help.