5 Valuable TIPS for our Local Asheville Real Estate Market

According to the WSJ, with increased foreclosures and a drop in home ownership rates, the number of new renters are on the rise and Big Money is now getting into the landlord business.  Due to the low return rate that most bonds and other income investments are providing, hedge funds, private-equity firms, pension funds and university endowments are buying into the foreclosure market for investment purposes.

5 Valuable TIPS for our local Asheville real estate market.

1) Location, location, location – Rents are increasing in desirable areas of Asheville and will continue to do so.

2) Low mortgage rates are available for qualified buyers – Know how to find and get them.

3) Mortgage payments can be significantly lower than rental rates which creates immediate positive cash flow.

4) Informed Real Estate Brokers can advise you on which foreclosure properties to purchase and how to negotiate with the banks. Each bank is different in how they negotiate in selling their foreclosure properties.

5) The “best” properties sell quickly to the most informed buyers.

Since 2008, we have been selling foreclosure properties in Asheville. We look forward to sharing this information with our clients and helping them do what these BIG MONEY hedge fund firms are doing in larger markets across the U.S. Contact us at info@ncmountainrealtygroup.com.

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