Everyone wants that good deal and all they can hear about on the news about all these foreclosures and short sales that you can pick up at really good deals!  One thing I can say is if it sounds too good to be true you better check it out!!!  Especially in Edmond Oklahoma and Oklahoma City Oklahoma!  Our market here is really a great market compared to other states.  Lots of people think they can buy foreclosures but what they don’t understand is that in most cases foreclosures have to be bought with cash because lenders will not loan on homes that need too much repairing done.  A foreclosure is usually a great deal for investors because they have the cash to purchase them.  The foreclosures I have seen need so much work an then by the time you fix everything you wonder if you really got such a great deal!  Short sales on the other hand can sometimes be good deals if you are not in a hurry for the home.  Short sales can take anywhere from 3 months to 6 months or longer.  I am presently in a short sale and we are going into our  7th month and we are still not making any headway!!!  Short sales take alot of time and most people don’t want to wait that long.  Especially with the tax credits going on right now and they will be expiring by April 30, 2010.  Edmond Oklahoma and Oklahoma City Oklahoma housing is doing very well compared to other states.  Its a great place to live!!!

Tags: foreclosures in Edmond Oklahoma, foreclosures in Oklahoma City Oklahoma, Oklahoma, short sales in Edmond Oklahoma, Short sales in Oklahoma City, tax credits in Edmond Oklahoma and Oklahoma City Oklahoma

Posted on Saturday, March 13th, 2010 at 3:20 pm and is filed under Buy a House, Community, Foreclosures, Housing Market, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.