Buying Houses: Types of Bargains to Find
Author: Jeanette Joy Fisher
To make a good profit in real estate, you must buy right. Check out all property types available to find the best transaction for your specific situation. Consider fixers, distressed sales, repossessions, multiple listings, for sale by owners, and vacant properties just wasting away.
Distressed Properties
Recognize the difference between a fixer and a distressed property. Distressed properties may be fixers or just unwanted houses. Divorce, job loss or transfer, death, financial difficulty, and other problems often force a sale for less than market value. Just because an owner's problem causes a distressed sale does not mean the house requires fixing.
REPOSSESSIONS
Although t...
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