Tuesday, July 15, 2014
By Admin


Did you know that almost a third of all investors are buying distressed properties? This may be an unsurprising statistic when you consider that short sales and foreclosures can present a fabulous opportunity to the savvy buyer.

These types of sales can represent a real find, as homes very often sell for a considerably lower price than the current market value. This is counterbalanced by the time and bureaucracy involved in securing such a property, as there are usually more complex than normal factors affecting the viability of the sale from the seller's viewpoint.

As always in life, there's no such thing as a free ride and it pays to have the patience of Job in these transactions. Red tape can sometimes mean it is many months before a sale can be completed and there are likely to be uncertain moments as to the ultimate outcome.

However, patience can reap rich rewards, as success in distressed property purchases can lead to significant returns on investment on the day you receive the keys.

Nonetheless, the nature of this form of property purchase generally means that there will be a lot more work that needs to be done to reach the right end result for you.

At Everest Peak Realty we have taken the stress out of the short sale/foreclosure process - thanks to our in-depth knowledge and experience in this field. We are fully conversant in the best ways of identifying distressed properties that precisely fit your requirements and speeding up the process so you get more of what you want in less time and for less money.

Call us today for an informal discussion and discover how we can make all the difference for you.