Buying a Home with Instant Equity

John Mathew By John Mathew, 21st Apr 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/20d_q6ni/
Posted in Wikinut>News>Business

Max Returns REI is the best place to Sell your Homes in any condition and in less than 7 days. Homes for Sale by Owner in NY from Max Returns REI, as it is the largest buyer and seller of Bargain Foreclosed Homes in whole New York State and also is the Best place for Buying and Selling investment properties.

Buying a Home with Instant Equity

Buying a home with equity in a fast way is really a very crucial job. It is even harder if you’re going to buy a house in an area that is new for you. I’m going to answer a question that one of my clients asked me about home buying. The question was if it was possible to get instant equity from a home and I’m replying to it here now. Adding to it, I’m also sharing a tip with you.

Whenever you want to earn an instant equity, you should go for buying a home that falls under the category of real estate owned or REO properties. These are foreclosed properties that are owned by a lender after they have not been sold out at the auction The lender is normally a bank and it is utmost effort of each and every bank to sale these investment properties as soon as possible. Here lies the opportunity for you to buy these distressed properties at low prices and thus can get an instant equity.

However, this is not the whole tip. The remaining part is about the input from your side. That is in the form of sweet equity that you will have to put in this foreclosed property so that you may sell this home at a high price. So, this is the tip for you if you want to buy a bargain property, my home buying tip will help you.

Apart from that, you need to know certain things about the property. Normally, these terms involve current status of the bargain property, an estimated guess of the repairs (they should not be serious repairs that might put a big cut on your equity) and zoning restrictions. A real estate investment property clearing all these concerns will be good for buying and then for earning instant equity.

For more Buying a home tips, read my next blog. Good luck!

Please visit: http://www.maxreturnsrei.com/buy-sell-homes

Tags

Buy Homes Ny, Buying Investment Property, Homes For Sale In Ny, Sell Homes Ny, Selling Investment Property

Meet the author

author avatar John Mathew
My name is John Mathew and I am from New York. I am working as a Marketing Manager with Max Returns REI. Max Returns REI is a Real Estate Investment and Education firm that mainly deals in buying and selling Home and foreclosed properties at bargain ...(more)

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Comments

author avatar Denise O
22nd Jun 2012 (#)

Thank you for sharing.:)

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