Investing in Today’s Real Estate Market

It has been a tough time in the housing market over the last one or two years. If you had invested in property you may have lost your shirt. And if you are a homeowner who acquired late in the boom times you probably are underwater now and owe more than your house is worth.

Pretty much everybody in the real estate market got hurt. Regardless of if you stood on the sidelines in that time, if you have a home it's possibly worth less than it was 5 years ago... Perhaps much less.

But if you managed to get through the last couple of years and have some cash to invest and still have great credit, you may just be able to take advantage of some of the lowest home costs in numerous years... Perhaps the best they're going to be ever.

Down in Florida where I live, we are beginning to see the stockholders come out. With many distressed homes in foreclosure and so many houses underwater, there are some wonderful deals available.

One large Long Island investment firm by the name of the Blackstone Group has bought up 536 properties in 11 counties just in the month of October 2012. This is clearly an indication of the market changing. And if you have some cash to invest here's the kind of deals you might be looking for.

Short Sales

Many homeowners owe more on their houses than they are worth in the market now. But if they have to move or can no longer make their payments, and then they might have to think about selling for a bit less than their investment is worth.

These short sales can be great investments if you understand how to get them.

That's the reason why short sales in Tampa are starting to become a boom industry. Investors know a deal when they see one and many of these short sale homes are selling for half to two thirds of what they were paying at 3-5 years ago. Just like The Blackstone Group, backers with cash to invest are searching for these short sales and foreclosure homes.

But the problem is buying a short sale is not so simple. The banks wish to get as much cash as feasible for their loan properties so any person who needs to buy must be willing to agree to terms with the lenders. Banks wish to get as much of their cash back as practical. Having a good property consultant who understands short sales is vital for these investors. Even better, having a good real-estate lawyer who knows foreclosures and short sale talks is even an enormous plus.

Foreclosure Sales

Yes foreclosures are still happening in Florida. It could be years before the excess of adversity houses goes away. So there are still foreclosure auctions to be found. If you can be in the right spot at the proper time, you can grab these up.

Naturally, with investors a foot it implies the prices of all houses will be going up. This is good news for almost everybody. Particularly if it continues and we will get the surfeit of distressed properties cleaned up.

Except for now, this means it is a purchasers market... If you have the money to invest.

About the Company:

Brown & Associates Law & Title

11373 Countryway Boulevard
Tampa, FL 33626
United States

Phone:(727) 803-0734