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7. Can the seller afford to keep his or her home if it does not sell?
Not since, the great depression and the increase in interest rates in the 1980s has a seller had to ask him or her self “can I afford to keep my home”. However, if the seller can not answer this question he or she may become a victim of foreclosure.
6. Can the seller sell his or her home at a loss?
With the tremendous amount of homes on the market, it is possible that the seller will sell his or her home at a loss. If the home is sold at a loss the seller needs to understand the raminifications of that loss.
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The author has a valid point but I still think there is a TON of money to be made right now. One of the most profitable areas of real estate investing is foreclosures. Foreclosures result when people can’t afford to make the payments on their house and end up losing it. Investors can often pick up the properties for pennies on the dollar. They can also save a lot of people from having to go through the nightmare of a foreclosure. If you’ve been watching the news, you know that the number of foreclosures is growing nationwide. What does that mean for you? A huge opportunity to make some serious profit. The key is knowing what you’re doing. I started my search at http://www.Short-Sale-Foreclosure.com for free and it has worked out well for me. Thanks and GOOD LUCK!
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Hey, great information! The real estate markets in Canada are still booming so if anyone is looking to capitalize, now is the time. Whether it be a house for yourself or an investment, keep your options open. Good luck to everyone! Thanks.
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