What Are the Great Advantages of Purchasing a Home Available Under Ohio Foreclosures
If you are a first time home buyer who is considering the option of investing in a property through Ohio foreclosures you are on the right track as there are some great advantages that can be availed ...
If you are a first time home buyer who is considering the option of investing in a property through Ohio foreclosures you are on the right track as there are some great advantages that can be availed through this real estate venture. Some of the plus points of purchasing a home through Ohio foreclosures include tax credit abatements, down payment assistance, low interest housing loans and various residential benefits.
Advantages of purchasing a home through Ohio foreclosures
1. Tax credit incentives One of the greatest benefits of buying a property through Ohio foreclosures is the tax credit incentive being offered by the State Housing Department which is available to first time home buyers interested in purchasing foreclosed homes.
2. Down payment assistance The Federal Housing Authority is also helping home buyers in purchasing foreclosed homes through a very attractive down payment assistance scheme which will enable buyers to afford a foreclosed home successfully. At present the average asking prices of Ohio foreclosures in the area is hovering around $ 275,000 which makes the whole venture highly affordable.
3. Low interest housing loans There are also a large number of banks which are offering a wide range of housing loans at highly reduced interest rates especially for buyers of Ohio foreclosures as they are especially keen on cleaning up their inventory of repossessed homes.
Apart from the above mentioned investment advantages of buying a property through Ohio foreclosures home buyers can also avail a wide range of residential benefits. Ohio is one of the largest states in the country and is home to some of the most favored relocation destinations such as Columbus amongst many others due to its agreeable climate, friendly communities and premier education institutes.
The area has also been ranked as one of the most family friendly and cleanest states in the country and has received various awards for its green sanitation technologies. Under its various community development programs, the region has been extremely successful in initiating solar powered lighting across various residential communities.
So if you are looking for a suitable real estate option, go ahead a purchase a property through Ohio foreclosures and avail the great advantages of this unique investment opportunity.
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ABOUT THE AUTHOR
Fiona Livnat is an author with expertise in real estate foreclosures. She has over ten years of experience in writing about foreclosures. Her commitment to help people is reflected in her writing. For more details please visit Ohio Foreclosures.