Most investors know that in real estate money is made when you purchase a property, not when you sell it. Just as in the stock market, you want to buy low and sell high. When you are out to purchase real estate, you seek to locate properties that are selling below their market value. A savvy buyer looks for several circumstances which may cause a property to sell under its real value, some of these circumstances are listed below:
- A family problem; for example a divorce or the passing of a spouse.
- The house is in terrible shape and in need of repair, something the current owners do not wish to do themselves.
- Problems with the title of the property which can be remedied, but the owners do not want to deal with them or don’t know how to overcome.
- Homeowners heading for a foreclosure and willing to short sale their house.
- Homes that are damaged by some form of disaster; examples are, flooding or fire damage.
- The owners believe their property is a financial burden and are looking to get rid of it.
- Property that is inherited by the heirs of the owner; many times disputes arise and the heirs are willing to cash out quickly.
The ability to discover and find one of the circumstances mentioned above, ensures that a buyer or investor is purchasing a property at a significant bargain to what a similar property is selling for on the market.
Cameron Akhavan MBA, is a Realtor and Licensed Mortgage Consultant living in Ashburn, Virginia. “Please contact me if I can be of assistance to you or your friends with your real estate needs.” Contact Cameron or visit His Website. See also: Ashburn Lifestyle, Cameron’s Ashburn community guide.
