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The Real Estate Challenge

Have you ever wondered why people would have an interest in government foreclosures, tax deed properties, or real estate in general? When we were younger our parents always told us if we worked hard and did things right we would be able to buy a piece of property. By having a home we would then be allowed to have and raise a family, own and eat a piece of the "American Pie". By doing this at the end of thirty years our reward would be or should be a clear title with a home that is mortgage free.
How does that fit into the picture of the times of today? Well, people still look for the piece of the "American Pie", but, not so much in the way our parents did in the past. For one thing, we take more risks; we do try and put a square peg in a round hole because we can think out of the box. Real estate does not always mean build brand new or have a home on it to purchase it. Government foreclosures were not so readily available in the past, as they are now. Financing was limited and options were not so openly discussed.
In this market, we are willing to buy and sell property and own more than one piece of property. Especially government foreclosures since we know we can turn them around after some improvement s and resell them normally for a profit. The fact that some of the properties we had looked at on American Land Grab had tax deeds helped because then you knew they had clear titles. People today are also willing to look outside their own neighborhood and even their own state for real estate.
Everyone wants a vacation home and some people have earned it by being a property investor and buying and selling until they made enough to go after the piece they really wanted in the location they considered desirable for retirement for their living style. We are all different and certainly do things differently than our parents did thirty years ago. The only difference of today is we have technology on our side and they did not so our parents worked it differently that is all.

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Trend Articles Collection by Noman khan is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 India License.
Based on a work at www.trendarticles.co.cc.

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