Mar 29, 2008 11:38 am US/Eastern
All Aboard The Bus Tour To Foreclosure
CORAL SPRINGS, Fla (CBS4) ―
A realtor has begun bus tours to take prospective home buyers around South Florida to view the foreclosed home market in search of an affordable house.
"I think there is a lot of opportunity to not necessarily make a steal, but make a good deal," Brian Stanton, a potential home buyer, said.
There are 186,000 homes in Florida in foreclosure as of March. Despite the down times, realtor Chip Isabella said he was watching a news report when he said the idea for a foreclosure bus tour hit him.
"I said, what a great idea" What a way to educate the consumer and I think get them a littler less afraid of what can be a scary market," Isabella added.
He hopes the prices, upwards of $100,000, will excite potential buyers. "The hope would be to get people back into this marketplace. It's still desirable to people and I think a lot of people are just afraid," Isabella continued.
The "Opportunity Tour" kicks off on Saturday at 1PM. Another tour will be offered on April 19, 2008.
First Opportunity Tour
Saturday, March 29 at 1:00 PM
5669 Coral Ridge Drive, Coral Springs, FL
Reservations: 1-888-344-3948 (1-888-344-EXIT)
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