Cries of doom and gloom abound about the awful housing market. Most investors strike wary poses, waiting for the market to recover.
I'm sure you know better than to follow the herd. A down market is the ideal time to invest! In the long run, the more undervalued the property is when you pick it up, the more you can make on the rebound. And even in the short term, the opportunity exists to simultaneously play the good guy and the brilliant capitalist. How to do both at once? Invest in Power of Sale.
Why Power of sales?
First, even in a down market, some properties can be picked up more cheaply than others. Power of Sale can often be purchased at a substantial discount off the already low current market value, and some of these homes are attractive investments in any market. Snag one of those and you’ve just gotten a good-to-great deal for an immediate turnaround or a truly spectacular long-term investment if you want to hang on to the property for a while.
And while you’ve made an investment worthy of Gordon Gekko, you’ve also helped out a financially struggling homeowner, possibly sparing them bankruptcy and giving them a clean slate instead. This makes Power of Sale  more attractive than other types of distressed property transactions.
Sure, these are tough times, but keep in mind that even during a downturn, some people are prospering. And some of those people are buying real estate. Enough are buying at the current market value to set that value. Getting a property on the cheaply now has the same advantages as it does in any market, plus the added bonus that a lot of your competition is sitting on the sidelines waiting for an upturn.
If you, too, see the potential upside in the current housing crisis, contact me via my Web site Buyinghouse.ca, or better yet, give me a call at 416-418-3311. I hope to hear from you soon!