London MLS
Kathy Mendham-Meathrel Realty Executives Elite Ltd 7-515 Wellington Rd South London, Ontario, N6C 4R3
Office: (519) 649-6900 Cell: (519) 854-1974
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Buying homes below market |
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Can you buy homes below market?
While a typical buyer may look at five to 10 homes before making an offer, an investor who makes bargain buys usually goes through many more. Most experts agree it takes a lot of determination to find a real "bargain."
There are a number of ways to buy a bargain property:
*Buy a fixer-upper in a transitional neighborhood, improve it and keep it or resell at a higher price.
* Buy a foreclosure property (after doing your research carefully).
* Buy a house due to be torn down and move it to a new lot.
* Buy a partial interest in a piece of real estate, such as part of a tenants-in-common partnership.
* Buy a leftover house in a new-home development.
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