This just in from the Los Angeles Times: Shortage of homes for sale creates fierce competition.
Housing markets in the major metros are becoming a fierce battleground for bidding wars. Homebuyers are fighting for move in ready homes, causing bidding wars and rising prices.
Savvy investors are buying distressed properties from motivated sellers and lenders, fixing them up, adding valuing and selling quickly for profit to this never-ending eager crop of homebuyers.
These smart investors know where to look for the best deals, beating their competition every time. (Search Foreclosures.com Listings to find “phantom/shadow” inventory of foreclosures that are NOT on the market.)
And they have their money lined up, so they never lose a deal.
Huge profits are being made right now to those who know how to take advantage of this tremendous opportunity in the market – where you can buy low and sell highly, quickly. But this window will not be open for long.
There is not alot of time left before the backlog of distressed foreclosure properties are gone, housing prices and interest rates are up and we are back to bidding wars on all properties- even distressed. I remember it well in the late 1990′s. Housing cycles repeat and here we are on the cusp of the next big surge…
If you don’t have your money lined up – enough so you never run out of money for your deals – you must check this out…
FREE training on how to get your deal money in place right now – How to Attract Private Money to Fund Your Deals.
How are you funding your deals now? Are you using your own cash? Are you using other peoples money? Are you using Hard Money lenders? Please tell me you are not using Conventional Financing.
Please take a moment and share what’s working for you in the comments below… I’ll share my secrets here.
Read more about the Foreclosure Home Buyer Surge:
- “Foreclosure Homes Surge = Opportunity and Responsibility“
- “Pending Home Sales Surge in October?“
- Foreclosure Home Surge: “Rising Interest Rates Cause Surge in Foreclosures“
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