Good Morning –
I hope everyone is enjoying their summer. It has been a little over 30 days since my last email and as expected, distressed inventory is picking back up. If you watch The Foreclosure Tracker™ you will see we are averaging four pages of property. I can also say for sure based on what we are seeing, the banks are becoming more aggressive on price, but they are less likely to ‘bend’ accepted contracts when it comes to closing dates or making repairs to properties that were to be purchased ‘as-is’. So – great deals out there, but they are pretty cut and dry. Lots of multiple offers at these prices.
Also, we are seeing many properties going straight to owner occupants, especially higher priced inventory. So as always, if you know anyone looking to buy a property, and make the deal of a lifetime, have them call me. First time buyers and distressed properties are our specialties. Add on owner-occupant interest rates at 4.5% or less on a 30 year mortgage, and you have the GREATEST BUYER MARKET IN HISTORY.
I have added two links today of ‘Best Bets’ – I have included close to 75 properties today at all price points. You will notice many more properties than usual in Champaign County as well.
Here are the ‘Best Bets’ in our area today:
AGENT-RES Detail B/W Text – Link #1
XPROP Detail View – Link #2
All the best, and Happy Investing!
Chris
‘Best Bets’ are the top single family investment opportunities in Clark and Champaign Counties at this moment in time.
The McAllister Team at Real Estate II tracks the entire bank owned (REO) inventory in the area using The Foreclosure Tracker™. These listings were selected from hundreds of listings on the market based on their potential return on investment.
If you are in the market for investment property, call The McAllister Team today at 937-390-3715 and make an appointment to view these properties.
If you are interested in direct access to The Foreclosure Tracker™, email us at chris@midohioreo.com. This service is available exclusively to the valued investor clients of Real Estate II.
We do not guarantee that any of these listings will be right for you. Many if not most of these homes need extensive repairs. However, based on our evaluation, these are your ‘Best Bets’ in the market.
