Many savvy buyers are stalking their prey as the real estate market tumbles down, supply and demand driving prices to market equilibrium.
Many people have lost their homes (whether because of a job loss, or high leverage), and although this is sad and affects whole communities, it also brings opportunity to buyers who may not have been able to afford to buy a home (or their ideal home) during the heyday of the real estate boom.
Market opportunities come in many shapes: Short Sales, Foreclosure Auctions and REOs (Real Estate Owned, Lender-Owned). Savvy buyers and investors are waiting for that opportunity to buy a real bargain-priced home that they can renovate or hold for a while and capture the bounce-back of the market (whenever this happens!). In this market you make your money in the PURCHASE!
If you are interested in following market opportunities in the Charleston Area, we have set up a Facebook Page that lists some of these opportunities. Please visit this page and become a Fan, so you are notified when we post other opportunities.