This is a good time to invest in Real Estate . There are homes priced to sell , some at prices below appraised value.
If you are looking for bargains, do your home work. Foreclosures may not always be the best buy around.
Sometimes they need a lot of work and you may not have money to fix them.
You should also decide the purpose of your investment. Are you buying to fix it up and sell or do you want to live in it ? Do you want to rent it out ?
Banks require investors to have a larger down payment than buyers who are buying as personal residence.
If there are too many foreclosed homes you may not be able to flip it.
Work with a good Real estate agent, be pre qualified for a mortgage and also talk to your accountant before you get into investing in Real Estate. There are some good books on Real Estate investing. Check them out.
If you are looking to buy a Foreclosed home in Bucks Montgomery counties call Gita Bantwal at ReMax Centre 215-343-8200x124
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