It seems like foreclosure sales are the wave of the immediate future. We have been getting a large number of calls for Port Charlotte foreclosures. The requests run the gamut - from small investors getting their feet wet - to corporate executives seeking luxury foreclosures.
This segment of the market is very busy. It seems that 'investors' are coming out of the woodwork. And the good deals go fast. With many of these deals, you have to virtually make a snap decision to buy or not to buy. To go home and ponder the deal means you'll more than likely lose it.
Another issue that investors need to consider is this; just because a home is a foreclosure, you don't HAVE TO make a 'lowball' offer. Many of my clients are learning the hard way - that lowball offers aren't getting accepted.
Plenty of buyers out there recognize the value in the property and realize that in the big scheme of things, trying to save a couple of grand now, seems very short-sighted when the property will probably double or treble in value over the next few years!
The argument for buying foreclosures is compelling. In many cases the prices for these homes have rolled back ten years. You certainly can't build a home for $30/sq. ft anywhere that I know of, but you certainly can buy a Port Charlotte foreclosure for that price.
Also, in our area, so many home-owners have been displaced from their homes through the foreclosure process, that there is a seroius shortgage of rental accommodation. An investor client of mine who bought a home from me a few months ago - and is now shopping for more - described how he received over 18 calls in one hour, from a single Craigslist ad!
Another client of mine described feeling like 'a kid in a candy store', and described the current environment as the largest transfer of wealth in a generation.
Anyway you look at it, the current real estate market offers some compelling opportunities for both home buyers and investors. Don't be faint hearted. Seize the day - Carpe Diem!
An important aspect of buying foreclosures is having up to date information. For that reason, our firm has established an automated alert service for Port Charlotte foreclosure buyers. We invite you to visit PortCharlotteForeclosureAlerts.com.