After three weeks scouring the Keller area and making “low-ish” offers, i’ve determined that we haven’t hit bottom yet.  Utilizing our Advanced County Appraisal Search there are over 2,000 houses in Tarrant county owned by banks.  However, they don’t seem too motivated to sell as most are offering these properties at a 5%-10% discount.  They are foreclosing more homes than they are selling each month so it’s just a matter of time…

I still believe it is a great time to invest but I don’t think we’ve hit bottom.  I’ll keep my eyes open for truely motivated sellers and let you know what I find…