This is why experienced investors, who have been in both up markets and down markets, prefer the down markets and soft markets can provide some of the best deals when investing in real estate.
With the market the way it is, the average struggling buyer’s agent is not going to take her clients to short sale listings because they know that it can take upwards of 3 to 4 months before the deal closes (if it closes).
The interest rates are rock bottom and not likely to get any lower, the housing prices are lower than ever, and the market will eventually rebound.
Your neighborhood affects the way you feel about your life, as well as your enjoyment of your home.
First of all, flipping houses is no longer a good real estate investment, however, flipping will most likely return.
Homes that look nice upon first inspection can really turn out to be victims of the former homeowners or vandals removing fixtures and/or completely stripping the house.
Have sympathy for the people who are having to relinquish their house in foreclosure and face financial issues as a result of defaulting on their loan.
With an REO, you won’t have to deal with an owner facing foreclosure and you will probably find nicer properties than those left on the courthouse steps by lenders.
Over the years there have been several ongoing trends in the real estate market, and these can be nationwide trends, or can be focused in one area of the country and remember, real estate trends are always on the change.
Be aware that if you attend a property auction, you may wind up bidding against professional foreclosure investment specialists who are also looking for cheap houses.
If you want to really up the ante when shopping for a foreclosure, go ahead and get pre-approved for the loan, up to a certain amount.
