With so much real estate left unused all around the world financial companies, communities and now websites are finding unique ways to convert the empty finance burden house into a asset of a home. Now the big “O” is getting into the act, that is right Overstock has opened a new section for real estate.
“With home prices falling, unit sales slowing and foreclosure and auction properties in abundance, home shoppers have an opportunity to find their dream home or their next real estate investment, . . . Overstock.com’s new real estate search application allows the value conscious Overstock.com customer to find great real estate deals.”
The site that exclusively sold liquidating excess inventory of unwanted computers, furniture, clothing . . . etc will offer to search for Distressed, Foreclosure, and Auction (both at Overstock and other internet outlets).
I did a black search on Overstock Real Estate . . .
307,059 Forclosure Homes
10,294 Distressed Homes
958 Homes Under Auctions
686 Homes Located on Online Auctions
If this is a representation of what is happening around the nation, it is surely a great opportunity for those have something extra saved in the bank. To buy cheap and hold out for the next few years to become a mini Rockefeller in the year 2010.
Ebay has 942 homes read for bid, Reality Bid 630 homes looking to kick out ghosts and there are more sites that are open for those who have a bit of cash laying around. When will you take you pennies and turn a little town from Bedford Falls is called Pottersville.
This is only opening a the gap between the middle class and the 10% wealthy to be large as a canyon. The new unofficial national anthon will be:
You load sixteen tons, and what do you get?
Another day older and deeper in debt.
Saint Peter, don’t you call me, ’cause I can’t go;
I owe my soul to the company store.
Can I buy a home with my Monopoly money?