Government assets for sale

Ken Harney, Washington Post Writers Group, had an interesting piece in the February 12, 2006 Chicago Tribune Real Estate section about buying various government assets, including homes. It's a great point to remember the various alternative ways of buying real estate such as this through the Department of Housing and Urban Development and other federal agencies as well all of the various for-sale-by-owner groups and private offerings. Whether you're buying or selling, there's obviously a premium when there's a 6-7% commission on a property, even if you're not paying it directly.

Here's the link on HUD's website that lists homes for sale throughout the federal government:

http://www.hud.gov/homes/homesforsale.cfm

I know I saw an article recently where a gentleman had purchased a lighthouse off the coast of Virginia...sounds cool!