On Thursday, April 3, 2008, I read a headline in the business section of the Palm Beach Post that reported:
“Foreclosures dip, still top ’07 figures”
The subhead stated:
“Investors are snapping up area properties at bargain prices compared with recent years.”
The article stated that foreclosures had dipped from February 2008 to March 2008.
The importance of this article was buried in the text, not the headline. The shift in the market is that traditional investors have returned to the market and are buying properties at an accelerated pace creating opportunities for sellers, Realtors® and buyers.
The article states multiple investors feel the market has hit the bottom and this is an excellent time to buy properties under market value.
In situations where investors are working with banks they have indicated that it takes extra time and effort to buy the property from the bank.
Real Estate Professionals are Conducting Bus Tours of Foreclosure Properties
Properties are being sold with great success as a result of the tours.
A better headline for the article would have been:
Excellent Opportunities Exist for Homebuyers and Investors to Buy Today
Why this is an excellent time to buy:
►Near all time low mortgage rates
►Excellent selection of homes and condominiums available
►Flexible seller
►The market has hit the bottom
If the traditional investors have returned to the market isn’t this a great time for our customers to make the same decision?
Over the last few years, many buyers who have been priced out of the market are now buying as a result of the current pricing opportunities.
This is the time to buy.
