 Clearly, the best way to make money in real estate is to buy low and sell high. The ideal strategy for real estate investments is to buy properties when the market conditions are in favor of the buyer. A buyer's market happens when the number of homes on a market exceeds the number of buyers.
In today's market, the housing crisis has left a flood of available inventory at incredibly low-bargain prices. It has never been a better time for buyers. According to recent data from the National Association of Realtors, home prices have been declining for more than ten consecutive months. Many homeowners are finding themselves with negative equity on the homes they bought during the housing boom (when it was a seller's market). And, many sellers are in a must-sell position and may take little or no profit from the sale of their homes. Consequently, many markets are sizzling for buyers. A few of these markets include, but are not limited to, Florida, Utah, Arizona, New York City, and California. In some instances, you can purchase a house for more than 10% below the asking price! Of course, whenever there is a surplus of inventory, prices drop and sellers work overtime to attract buyers, especially by adding incentives. And, sellers are trying anything to entice buyers, including additional upgrades, paying for closing costs, and even adding vacation incentives. Things have gone berserk," says Dan Updike of the N.A.R. "Buyers should capitalize on this advantageous market," Updike continues. Now, let's review. There is a plethora of housing inventory to choose from. Sales are extremely slow, prices are declining, and sellers are offering incredible incentives. Because markets are beginning to bottom out from the market's historic downturn, great deals are plentiful and ripe for the picking. Smart buyers would do well to get off the fence and snatch up prime real estate at unheard of discounts. Here's a bit of insider information: Butterflylister.com has these amazing deals you're looking for. Check it out. (Posted by K.Skowronski)
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