Along with one of the nations most undervalued markets Memphis also has an incredible amount of great real estate buys on the market currently. With a typical area average of around 8,000 listings on the MLS (Multiple Listing Service) Memphis has ballooned to over 12,000 current home listings!
What does this mean??? With an increased amount of homes for sale you intern create longer listing periods. With longer listing periods you create anxious sellers. With anxious sellers comes a BUYERS MARKET!
From your typical home purchase to your Real Estate Investment buyers have an unprecedented amount of leverage. The key is to be able to recognize these opportunities and know how to capitalize on them quickly. Know your market and know your data. Find a Realtor that can provide you with a daily report of new listings and alert you of any deals that might be available on a day to day basis. Be prepared (Financially & Mentally) to act on an good investment when one arises.
Don't let the national news dictate what type of Real Estate Market we have. With low interest rates and low property values why would Real Estate be a "Bad Investment"?
The Answer....IT'S NOT!
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