What you are about to read in this article will get you really excited. I'll tell you why.
All over the news media, 11 o'clock news and magazine you hear about the housing crisis across America. Home sales decreased at record lows. Foreclosures at an all time high. Subprime market going south. Sounds like doom and gloom doesn't it?
Real estate market analysts will tell you that all real estate has peaks and valleys. We have recently gone through a seller's market overall across the nation for the past couple of years. Well, we are now in a "buyer's market" which means opportunities to purchase real estate are better than ever.
The last time we had this kind of market was back in the early 90's. Prior to that, it was the early 80's. Well, I am here to tell you why this is absolute BEST time to purchase real estate compared to the previous market cycles in the past. Read on…
Why?
Reason #1:
There are massive foreclosures and things are getting worse. The large number of foreclosures is due to a number of factors which I will explain in a separate article but lenders were literally lending money to people they really weren't supposed to and in ways that got them in trouble such as using ARM loans (which stands for Adjustable Rate Mortgages) which will adjust in value after a short term like 3 to 5 years. Borrowers borrowed too much and over-leveraged. Housing prices sky-rocketed especially in places like South Florida. Therefore, when the market shifted, foreclosures have become prevalent! Therefore, there are tremendous buying opportunities now due to the prevalent distressed properties and banks that are willing to sell the mortgage at a discount.
Reason #2:
More people than ever need homes and need owner financing. Since many people have lost their homes and the lending institutions are unable to borrow to folks with less than stellar credit, we have folks who are not able to qualify like they have in previous years. Therefore, they are looking for homes through owner financing and through terms that investors are willing to put forth. Therefore, that means investors have great opportunities to sell their rental properties using owner financing methods such as lease options and seller-financing.
Reason #3:
Many investors have been hit hard with the foreclosures because they borrowed too much and their investment properties have now turned upside down. They are now tight on cash and having a hard time selling their properties. Other "newbie" investors who are looking from the outside are getting scared due to the pessimistic media and watching other investors crash and burn. FEAR is looming in this marketplace. Therefore, many wannabee investors are not playing the investment game and even current investors are not very active. Therefore, even more buying opportunities are available to those investors who are active now.
Reason #4:
Interest rates are still considered "low". Back in the last market dip, the interest rates were in the double digits so they weren't ideal. Therefore, money is cheaper to borrow which makes it easier for you and your money partners to get into the game. Therefore, buyers can get more property now at cheaper interest rates.
Wow!!! Are you getting excited?
For the first time in 35 years, we have all of these factors coming together and presents buying opportunities in today's market like never before.
Folks, don't look back and wonder what happened and wished you took more action. Go get a piece of the pie now! Learn everything you can about foreclosure investing. It is explained at
http://www.ForeclosuresUnleashed.net. The doors of opportunity are knockingno, bangingright now. Are you going to open them?
Learn how to maximize the profits in today's marketplace with the booming foreclosures. Robert Lam is a real estate investor and author of
http://www.ForeclosuresUnleashed.net which teaches how everyday people can earn massive profits from the booming foreclosures in the unique marketplace today without using their money or credit.
Occupation: Real Estate Entrepreneur
Robert Lam is a successful real estate investor and author of http://www.ForeclosuresUnleashed.net which teaches how everyday people can earn massive profits from the booming foreclosures in the unique marketplace today without using their money or credit.