There is plenty of truth to the idea that high quantities of distressed homes can bring down the market as a whole. Distressed, untended properties are an eyesore that decrease property values for everyone in the neighborhood. So in a state where foreclosures and short sales are still high, many real estate investors are putting their money into these fixer uppers.
The low price entry point for fixer uppers is what allows so many investors to get involved in this area. Houses sold at short sales go for significantly less than what they’re worth. Your first thought might be, how can houses being sold for less than their worth be good for the market as a whole? Well, many investors are choosing to invest in significant repairs, both structural and aesthetic, to these houses. This brings their value back up to a normal market level. Then these houses, which were once a blight on their neighborhoods, are returned to the market in much better condition, and at a much better value. Now that these houses are once again attractive to potential buyers, the market sees more activity in an area where it was once struggling, and neighborhoods are revitalized. This is all thanks to the efforts of investors who see potential in an undervalued market.
If you’re looking to invest in low-cost properties with lots of earning potential, we can help. Gray’s Home Solutions has properties of all types across the state of Maryland. Contact us for a full list of properties. Even if you’re not looking to buy right now, you can participate in our sellers referral program. Here’s how it works. Send us the phone number and property address for a For Sale By Owner or vacant property. We’ll take a look, and if we buy the property we’ll pay you $250 as a thank you for providing the lead.
Are you interested in learning more about selling your home fast? Our ebook has a ton of great information for you. We also have an ebook with information on how to avoid foreclosure, available for download here. They’re both free, so give them a look. You can also connect with Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.