House hunting? Buy a fixer-upper or foreclosure. Im not suggesting you have to buy a total wreck of a house that needs major repairs. But buying a house that needs paint, carpet and minor repairs can save you a bundle.
Here is a personal example: we bought a foreclosure that was $75,000 below market value. It was pretty beat-up. We put about $25,000 into and a whole lotta sweat. And we ended up with a nice large house that holds all our kids.