There are rising maintenance costs, falling home values and more foreclosures in the states than there are sales. However, these are terrible times for homeowners and make for great investment opportunities.
Why? The market is subject to ups and downs. The upfront cost of buying when the market is high will be higher. Because the market can’t rise indefinitely property investors must always watch for the bubble popping.
The question is not “What to do in a down market?” “if,”But “when”The market will improve. If investors are able to buy properties at a bargain price, they will be able to afford to keep the home up until the market starts improving. The investor can either recoup their operating and purchasing costs or sell the house to make a profit.
A few companies want to make money off the down housing market. Deer Park Development Corporation, which is located in Nevada, purchases foreclosed homes throughout Arizona, Nevada, California, and Florida. This is one of the most affected areas due to the down market. Nevada has the highest number of foreclosures. One reason is that you can buy million-dollar homes for half the cost of building them. Californian banks foreclosed 40% of the homes that were listed between May and Juni.
Agents and brokers of Deer Park Development Corporation draw from 35 years’ experience.
Deer Park Development Corporation works with homeowners and banks to buy homes it finds as an investment.
However, the company does nothing to make homeowners’ money. It will negotiate with homeowners to let them rent their homes after the sale. Deer Park Development Corporation offers former homeowners the opportunity to purchase their properties at a predetermined cost after the original homeowner’s term ends. This allows the company to invest in the downmarket while helping homeowners who are financially strapped.
The company is currently looking for investors. For more information, visit deerparkdevelopmentcorp.com.
