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| Invest in Homes for Sale Now to Make Money Later | ||
In a recent survey, investors purchased homes for sale three times more than they did last year. And even more investors plan on purchasing homes for sale in the coming months. Buying homes for sale, not as a primary residence, but to either rent or flip is a growing trend because of the many home buying benefits currently available and the positive outlook of the future housing market.Foreclosures Are High, Investors Are Happy Foreclosures make investors happy because these homes usually hit the housing market at reduced home prices. Banks have already lost money on the delinquency of the mortgage loan and want to sell as soon as possible. Investors find this to be a treasure because many of them are in great condition and may only need minimal home improvements before they are ready to rent or resell. Home Prices Are Low but Increasing Home prices have been at historic lows since their peak in 2007. Buying a home now in the midst of economic recovery means that in a few years, investors will be able to sell at a higher rate since home values will increase. Just as in the stock market, buying low and selling high is the way to play the money making game. Mortgage Rates Projected to Increase Due to the recent loss of money from the Federal Reserve, it's projected that mortgage rates will begin to increase. While many investors will pay for a home in cash, some will finance at least a portion of the home's price. With the home prices and mortgages rates being so low, mortgage loan payments are at their best. The Economy and Housing Market Are Improving With the economy in recovery, so is the housing market. As more people are able to buy, more are able to sell, which creates competition and raises homes prices. As home prices increase, so will the rate at which homeowners and investors will sell. This is why investors are quickly picking up the wreckage of the recession because in a couple of years, their investments will likely turn into an easy profit. |
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| Friday, Aug 20, 2010 | ||
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