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Homebuyer Fix-Upper Bargains Still Found By Skilled Investors
Date:6/14/2013

Minneapolis, Minnesota (PRWEB) June 14, 2013

The latest cities “Top 15 List” where homebuyers find fixer-upper bargains, according to a new RealtyTrac report, shows the Midwest dominates the list. Spring home buying season has brought sunshine to the housing market; low inventory is spurring bidding wars and multiple bid offers, putting Minneapolis real estate sellers in command. Fix-up home bargain hunters are told deals can still be found, according to the report. RealtyTrac gathered information on bank-owned homes built before 1960 and valued under $100,000.

"In order to present the best possible offer when buying a bank-owned fix-up home, homebuyers will want to be lender pre-approved for a home loan. This is best when competing with cash buyers. If a fixer-upper bargain is found, buyers must be prepared to act quickly and be positioned to sign a contract immediately, advises Jenna Thuening, owner of Home Destination.

With low housing inventories, home buyers open to consider fixer-upper homes "may find they are competing ag
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