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Saint Petersburg Real Estate - Finding Great Saint Petersburg Real Estate

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Perhaps you’ve heard the phrase, “there is no better time to buy” in regards to the real estate market. Given the prices of foreclosures in Saint Petersburg, Florida, this phrase holds incredibly true. This article will outline how to find cheap foreclosed homes in Saint Petersburg, and the benefits of purchasing foreclosed homes in Saint Petersburg.

Saint Petersburg, Florida home to about 248,000 people. As a wildly popular tourist destination, Saint Petersburg offers great investment opportunities in the real estate arena. The gorgeous beaches along the coast immensely increase the value of real estate. Other attractions are the great Universities in the area-University of South Florida St. Petersburg and St. Petersburg College. The Salvador Dali Museum and St. Petersburg Pier are other great attractions.

A great area to look at in Saint Petersburg is Gandy Boulevard. On Gandy Boulevard, you can find 2 bedroom/2 bathroom condos for about $60,000 through $75,000. Bella Vista Drive is a great location to look for single family homes. One great foreclosure out there right now is a $195,000 4 bedroom and 3 bathroom home on Bella Vista Drive.

For investment homes, Saint Petersburg could not be a better location to look. Right now, many foreclosures are million dollar homes that people faulted on and simply could not afford. On Bayou Grande Boulevard, right now there is a home being sold for $498,750 with 4 bedrooms and 6 bathrooms. Originally, this home is valued at $1.5 million. If you purchased this home at approximately $500,000, and then later sold it for $1.75 million in a great real estate market, then just look at the profit you would make! Homes like these are offering investors great potential to make fantastic profits.

The key with truly succeeding in purchasing a great Saint Petersburg foreclosure is to greatly understand the process. Once you decide how much you are willing to spend on a home, and the location you desire, then you are taking the necessary steps to get organized. Saint Petersburg is a beautiful paradise, and has the already existing potential to be a great place to live.

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