We might not see blood in the streets like this again for another half century.....
Sounds grim, but it may be the chance of a lifetime. As many homeowners and small investors loose their homes to excessive debt and rising interest rates, homes sell for less than half of what they would of just 18 months ago. Bank homes sell for 25 cents on the dollar as asset managers try to stay afloat in the waves of foreclosures that continue to hit their books.
"I haven't seen homes sell for these low prices since 1996 when I began investing in real estate here in Las Vegas."
Homes would often sell for $60 per square foot back then, and would sit on the market for 6 months before doing so. As the mortgage money became easier and easier to get, buyers cam out of the wood work to pick up any home available on the market. Homes would sell for $10,000 or $20,000 higher than the seller was asking just to get a home. Prices grew exponentially and as homes sell for twice and three times what they did years before, the scene sets itself for a huge correction.
Search www.PropertyHookup.com/home_search_done.php and find homes sell for 20% to 50% below market value. These bank homes sell for this cheap because banks need cash now to stay afloat. These homes sell for less than it would cost you to build them today. Buy now and you will have made a long term investment near the bottom of the market. Watch these homes sell for $20,000 more in a year from now. Its a good time to start your search.
www.propertyhookup.com/home_search_done.php
Search our free national network of real estate listings to find Las Vegas homes and residential listings for sale and buy Florida real estate listings 20% to 50% below market value. Our real estate search engine finds the lowest priced real estate listings from California to Miami and you can buy residential listings in your neighborhood $10,000 to $100,000 below market value. Buy Chicago real estate listings at the best price with our real estate search engine to buy homes for sale and real estate listings 20% to 50% below market value on www.PropertyHookup.com.
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