Expert Insights: Is it Possible to Buy a Home Below Market Price?

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Expert Insights: Is it Possible to Buy a Home Below Market Price?

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Certainly, but it takes a lot of determination and time to find a real bargain. But if you are adamant, here are some likely targets to pursue:

-Foreclosed property

-A fixer-upper

-Hard-to-sell new homes in a housing development

-Tenant-in-common partnerships

With the latter, you may be able to buy a partial interest in this form of title to property owned by two or more individuals because the partners often sell at a discount.

However, bargains are easier to come by in a soft real estate market, when the economy is in a recession, and when homeowners, and builders and sponsors of condominium conversions, are desperate to move unsold units.

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