If you have been thinking about investing in the Alabama real estate market, now is the time to do.
Take a look at the Alabama real estate foreclosure market. There are some very good deals to be made with foreclosures, and these homes are on the market right now. Typically, banks just want to unload them and try and recoup some of their money. Lenders and banks are not in to the real estate business. So, if you want to get Anniston or Gadsden real estate for below market value, then maybe the Alabama real estate foreclosure market is the way to go.
Right now there are several homes in Calhoun, Talladega and Etowah county on the foreclosure list. Even those on short sales mean big savings for investors.
Foreclosed property can be used for either your own personal property, or for rentals. Alabama foreclosures would be an excellent source of income considering rentals are up and selling is down. These foreclosures are very cheap, as the cost of living is also relatively inexpensive in Alabama. If you decide to purchase a home that needs some work, doing the repairs yourself can save additional hundreds if not thousands over professionals. Even keeping the home a couple years as a principle residence then selling can offer great profits in the future.
Even though the market is starting to turn upwards which is great news for sellers, the number of foreclosures is still high. Now is the perfect opportunity to invest in the Alabama real estate foreclosure market, and get yourself set up for the future.
Please let us know how we can help in your investments and any questions or comments you have on Alabama real estate.