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Foreclosure Bus Tour in Florida Seen as Part of a Growing Trend
By jason | May 1, 2008
As the foreclosure inventory climbs around the country and buyers start to take an interest in the low prices foreclosure homes and properties available through foreclosure auctions present, some real estate agents and specialists have discovered a new way to market these properties to potential buyers—and it involves a big green bus.
The “Foreclosure Tours R Us” Bus in Southern Florida is similar to several other initiatives popping up in cities all over the country. Drawing on the ever increasing volume of foreclosure properties all over the states, the Foreclosure Tours R Us Bus leaves each day with a bus load of prospective foreclosure investors, and tours properties that are up for sale in the Lee County area of Southern Florida, a region notorious for high levels of foreclosures. Florida currently holds the second highest foreclosure rate in the nation, and many of its foreclosure homes are actually new developments, creating great interest among homebuyers. The potential for winning new homes at up to half off their market value can be a great proposition.
Foreclosure bus tours are springing up all over—from Boston to Chicago to Los Angeles, and they are drawing considerable business. It just goes to show how foreclosures really are becoming an industry, and that they are attracting more interest in many areas than homes on the open market.
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Topics: Foreclosure |