Saint Louis Foreclosures � What are the Advantages and Tips to buy?

Saint Louis is one of the great cities in Missouri State of U.S. Saint Louis Foreclosures Properties which are easily available at a discount of 10 to 50% are a great pick if you are planning to own a house in U.S.

Advantages of Saint Louis City

�    It is home to 40 of the fortune 1000 companies. It is the fourth largest in terms of number of fortune 500 companies based here so lot of excellent job opportunities here and ideal to purchase property through Saint Louis Foreclosures.

�    Its housing costs are considerably lower ($150,500) as compared to national average of $217,200 and Saint Louis Foreclosures will be more cheaper after 10 to 50% discount.

�    Community Development Administration (CDA)-Promotes neighborhood growth and stabilization.

�    It houses famous libraries like Webster Groves Public Library, Merlin Network, Mobius Network and St. Louis County Library.

�    Forest Park � It is a major attraction in St. Louis and more than 12 million people visit this place each year.

�    2-1-1 service � To relieve 911 from non emergency calls this number has been set up in St. Louis to help people for General health and human services and they are then redirected to concerned department.

�    This City is a world class center of Medicine and bio-technology with Barnes-Jewish Hospital which is the fifth largest in the world.

�    It is home to country�s second largest annual Mardi Gras Festival and Parade.

�    It is one of the first cities in country to be recognized as LEED for homes platinum residence by United States Green Building Council due to its pollution control measures.

You may have decided to purchase a foreclosed property due to several advantages of this City but you must know the tips to buy Saint Louis foreclosures also. Some tips are:

�    Subscribe to comprehensive and most updated online Saint Louis Foreclosures listings.

�    Keep track on daily basis of any properties added.

�    Once short listed immediately contact the title owner of the property to have physical inspection of the said property.

�    Inspect the premises thoroughly and calculate the expenses on repairs required.

�    You may take help of property appraisers or cross check from neighbors for prices of similar properties and place your offer.

�    Once your offer is accepted take help of a lawyer to check the documents and ensure that there are no outstanding dues left after your final payment.

So buying property through Saint Louis foreclosures is advantageous and one should not miss the chance.