Investors looking for a real estate bargain should begin by looking into foreclosed and distressed homes. Bargain homes often will require some repair, but keep in mind that while you are looking to save money by buying "bargain" homes, you wouldn't want to buy a property that's completely rundown and irreparable. When searching for and buying Bargain Properties, here are some key principles to consider:
Consider the property's overall price. Before buying a below market price property, do some research. Find out why the price was cut. Chances are if it's not for financial reasons or that they are moving or relocating, there is some underlying issues with it.
Figures just released by the Office of National Statistics claim that the number of households living in fuel poverty has declined by 0.7million ( see data here ). The government say that less than 5 million households live in fuel poverty, while Uswitch claim that 6.3 million households live in fuel poverty. Uswitch's figure is much more reliable as their's summer 2011 price hikes. We say a family is in fuel poverty when it spends 10% of household income on its dual energy costs of heating the home and operating cooking and electrical appliances. However, as USwitch explain the governments figures are appallingly out of state ( here ). The publication today by the government only examines fuel costs up to the end of 2010. The Office of National Statistics does admit that if it factored in housing costs then 3 million more households could be described as living in fuel poverty, it also admits that 72% of English households faced a high risk of fuel poverty at year end (2010)....
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