Get to know the idiosyncrasies of the neighborhood.

Do a small run with a certain style of post card then do another with another kind and measure the difference.

Agent charges when you buy are paid by the seller, so don't really affect the price.So, I'd say if you FSBO is, pay some concessions and use conventional financing, you might get away with paying $105K for it and still get about a $15K profit.Are houses actually selling in the neighborhood?

In my own neighborhood several houses are for sale in the upper 300s.

I was just reading an article Cigar Afficianado where Sheldon Adelson (#3 or 4 Billionaire in the US) is building a Las Vegas style strip and I'm 99.9% sure it was in Singapore.

One of my targeted market for SFHs are 3bd/2bath in working class neighborhoods.

We have whole neighborhoods standing empty.

The price range was from $3K up to $25K over the list price of the REO, and all of them were privately owned so some easier negotiating on price would be likely.It's in a "transitioning" neighborhood so once you get outside of a 10 block radius you can find some real "beaters".

We are looking at a particular neighborhood because of schools and amenities, and that is limiting our choices.

Yeah definitely not at the problem as foreclosures keep going up.The values are just getting slaughtered in some neighborhoods because of the foreclosures.