Why Pay Rent When You Can Buy a Foreclosure? ? Oklahoma Real ...

Do you dream of ownership or lease hood when you dream of your perfect home? Would you prefer to purchase a home but just unsure know how to afford it? Do you think buying a home is going to be an expensive experience, especially in such turbulent times that we are living in? If answered yes, then be glad to know that we are providing the perfect platform for all competitive bargain seekers. Let the games begin.

Well let us look at our two rivals and the competition environment they are competing. With the weak economy, we are currently facing, more and more foreclosed homes for sale are appearing in the marketplace. Foreclosure listings are usually the property that has undergone the foreclosure process where it has been repossessed by the bank or other financial credit facility due to the previous owner defaulting on payments.

Since the recession, the time to pounce on foreclosure deals has never been better. Foreclosure homes price tags are set at record lows even below the outstanding amount, as it is seen that the likelihood of the secured loan amount could be less than the remaining balance on the property.

Due to the foreclosure process, most sellers are extremely desperate for the sale, which should prepare a buyer to ask for discounts, where one will most probably receive them.

The benefits of purchasing a foreclosure home compared to renting is firstly, it will belong to you and not someone else. Secondly, foreclosures are currently priced below market prices, and interest rates on loans for them are drastically low.

As part of the foreclosure purchasing process, it takes less time, as generally these listings need to be sold immediately. Thus making bartering negotiations that much easier. Lastly, an extra bonus on foreclosures is the various government incentives that are currently available for a limited time, which is exceptionally rare in the times we currently are facing.

With regard to renting or rental properties, the property title deeds will always remain with the owner and never with you. Secondly, should you find the perfect property, the rent could be completely out of budget, which will result in having to settle for something less than desired. With renting, negotiations and bartering hardly feature in any of the conversations with the owner of the property. Finally, there are little to no government incentives available for those seeking to rent.

Although renting might be the current solution to save money, would you prefer to own the property when finished paying? Would you like to be the one to decide on when to knock walls down or paint them different colors? Are you willing to let someone else dictate that to you?

All people seeking to save money on their home is really a secret treasure hunt at heart, this makes foreclosed property the answer.

Foreclosed homes are the sale items that are on offer, just waiting to be grabbed at an amazing price.

After all, why pay a fortune when it is not necessary.

Article source: http://ezinearticles.com/6543712

Source: http://oklahomacityrealestatemarket.net/2011/09/25/why-pay-rent-when-you-can-buy-a-foreclosure/

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