A Foreclosure bus tour is organized by Realty Companies in order to have 20-50 buyers gathered together to tour a dozen or more properties as one unit.

In Virginia Cristin Patti a Realtor with Long and Foster Real Estate is doing this with the hope that more foreclosed properties will be purchased by individuals on the tour.

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Selling one's house by going it alone is more appealing in the current tight real estate market. For Sale By Owner properties are found in every city and town nationwide.

The most important point to remember is to first secure the guidance of an experienced Real Estate Attorney. The attorney should prepare and review all contracts prior to the seller signing off.

There are services that will put your home into the Multiple Listing Service for a flat fee. Sellers may also want to opt for the FSBO For Sale By Owner publications that can be found on newsstands and in most public places.

Sellers will save the real estate commission by selling themselves however there are caveats that sellers need to be aware of. First, sellers may have no idea of the character of the people walking through their house. Second, sellers may have no way of knowing if the people meandering through their home are financially qualified.

Before a seller makes a final determination to sell without the guidance of a professional Realtor sellers ought to interview at least a few people that have sold on their own. There are horror stories on both sides of a FSBO transaction.

The answer to this question is it depends. If you can in fact buy a home all cash without severely impacting your financial well being then by all means do so.

Most sellers in todays real estate market would love to have a buyer with all cash. In fact an all cash transaction allows the buyer to do some hard negotiating on price and or other terms for the sale.

One option would be to make a large down payment, say 50-70%, and then obtain a small mortgage. This would allow the buyer to have some interest deduction come tax time.

In any case the advantage is clearly with a buyer who can walk into a home for sale and say "I have the cash", lets negotiate.

A flag lot is typically where there is a right of way, usually a driveway, that will be the only means of ingress and egress to a house that is on a piece of property behind other homes.

This is not as unusual as it may sound. There are "Flag Lots" in most every community and in every State. The right of way easement should show on the property survey and should be mentioned in the property deed.

The one concern about a flag lot is that selling the home at some point in the future may prove to be a lengthy process. The price of the home may be affected as well.