Mon, 06/16/2008 - 11:53am
Opportunity does exist during a down real estate market!  Mortgage rates are at a historic low and families are able to purchase their first home due to the low housing prices currently on the market and a high inventory of homes available. For real estate investors, it is wise to buy in this current low market and just hold on to it rather than selling right away. Purchasing pre-foreclosed or foreclosed properties is also another opportunity to purchase well below market value.   It can be sold quickly by using seller financing or lease to buy option.  Many homeowners are struggling and properties have been taken over by the bank.   Locate these properties in the bank's Real Estate Owned (REO) department.  
Listing Source is MRFMLS.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Karen Arbutine, REALTOR® 
RE/MAX Central Realty
Orlando’s Leading Real Estate Authority