Real Estate Agent Craig Summers Addresses Concerns About Whether There are Good Deals to Be Had in for Real Estate Investors
Over the last several years the idea of investing in the real estate market has garnered a lot of interest from buyers all over the country. Although recently we’ve had some hiccups in the real estate market and economy, now more than ever buyers are seeing the huge opportunity available to them to create wealth through real estate investing.
The unfortunate occurrence of foreclosures all over the country has led to an enormous opportunity for individuals who are prepared to purchase property for investment. Buyers who had the funds and credit score necessary to purchase property have seen that they can get astounding deals. Not only can you purchase foreclosures, but you should also be looking at pre-foreclosures as another fantastic way of getting a good deal. In addition, short sales are a popular choice among real estate investors these days.
In some areas of the country, banks are letting houses go for $.30-$.50 on the dollar in some cases. These are not always homes that are in poor repair. In fact, people are finding that they can get fantastic prices on homes that are move-in condition. Of course, there are things that you must consider before purchasing a foreclosure home or a short sale.
The main important factor to think about is whether or not the title is clear. Although title searches are typically done before closing, and you do want to make sure that you invest in owner’s title insurance. This will protect you if the title is ever challenged later because there was a problem in the chain of title such as forgery or something not being recorded.
Another tip to remember is that you should always get a full home inspection on any house you buy, but especially a foreclosure. This is because the bank does not know the background of the home and therefore is unable to give you history on any repairs or problems that ever happened there.
For more information about real estate in , please visit me at www.pauldingandpolk.com or call me directly at 404 374 1620.
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