FORECLOSURES, BANK OWNED PROPERTIES, SHORT SALES!!!
The above mentioned terms seem to be on the minds of every Buyer, Seller, and individual interested in real estate these days. The buyers are looking for that “Great Deal” and the sellers are trying to compete with the hot topic in real estate. In reality, there are a lot of good deals available in the market now. Every area/market is truly different and here in the high country we are finally seeing an increased amount of Foreclosures and Bank Owned Properties.
This reality is giving great opportunities to current Buyers. They now have a chance to buy a home, piece of land, or condo in the High Country at prices seen years ago or possibly cheaper than they have ever been seen. Our firm has taken the initiative to try and view each and every Bank Owned Property in our 5 County area and we are amazed at the deals that can be picked up.
As more and more of these homes become available, buyers will have the chance to buy a second home, retirement home, or investment property for pennies on the dollar and may can cash flow as a vacation or long term rental. What this does is allow futurere retirees to buy a home now, put it in a rental program and possibly own their home fore several years before they move into it full time. Couple that with historically low interest rates and now is one of the best times to buy, for the long term. Those days of buying, flipping, and making a profit are long gone. But if you are serious about buying a home in the mountain. Now is a good time to at least start looking.
We will continue to post Blogs as we monitor the market and follow the actions of the banks that are foreclosing on these properties. If you have any questions feel free to give us a call anytime, or visit our website to view available Bank Owned Properties in the luxury of your home.
Thanks,
Jon Gatewood, e-Pro
Broker/Owner of Mountainscape Realty
www.MountainscapeRealty.com
www.HighCountryForeclosures.com
