Myrl Jeffcoat’s Real Estate News
THE REAL ESTATE
NEWSLETTER FOR TODAY’S HOMEOWNER
Happy Autumn Everyone -
Several have asked about real estate buying opportunity in the midst of this "down" market, and this article provides beneficial tips on buying distressed properties.
If you have further questions, after reading the article, please do not hesitate to call or contact me.
Buying Distressed Properties
Every cloud has a silver lining, and the rise in California home foreclosures is no exception. That's if you're an investor hunting for good deals.
Investing in foreclosures is no low-risk venture. You often need to act quickly, have ready cash to buy, and may need to earmark money for repairs to make properties sellable.
Here are some basics on buying distressed homes.
continued from previous column -
Before You Leap
Take seminars, visit Web sites, and read books before investing.
Do proper research. Check neighborhood comparable prices so you don't overpay.
You're inheriting previous owners' problems, so investigate other costs, such as liens and unpaid taxes that you could be responsible for.
Consult appropriate experts, such as lawyers, certified public accountants, and real estate professionals. REALTORS® can often locate and execute short sales, find REOs, and help you evaluate market conditions.
If you are currently considering selling or marketing a home, please feel free to call or contact me. I can provide a free, no-obligation Comparative Market Analysis of your property. . .Or if you are thinking of buying a home, I would be pleased to be given the opportunity to sit and explore with you the opportunities that await homebuyers at the present time.
Service is always
Sacramento - El Dorado
- Placer Counties
Date: October 2007