There are plenty of deals in today’s real estate market if someone if willing to look for them. Foreclosed properties, short sales, and the like all present opportunities to buy a home at a bargain. These homes can then be used as an investment or a resident. Many homes are being sold for a fraction of what they are worth simply because banks are trying to liquidate their assets. As a matter a fact, a report from the national association of realtors stated that 39% of home sales were distressed properties.
At 19%, investors make up the majority of these buyers. This is mainly because they have the financial resources to purchase homes at low prices. Cash is king in today’s buyers market. After all, banks are very hesitant to give out loans to anyone.
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