The last month of the year represents an especially good opportunity for investors.
Banks and financial companies want to get as many of their properties off the books as they can, and they may be more inclined to make deals to make that happen. Cash offers that can close in a week or two are especially attractive to banks right now, because they know the closing isn’t likely to be delayed. The trade-off for them is that they may be willing to take a lower price in exchange for clearing the property out of their inventory and not having to deal with it in 2011.
If you’re an investor considering a rental property or a project house to fix and flip, or if you’re a well-qualified buyer with the means to close on a house before the year ends, let’s talk — there are opportunities out there for you!