NEW YORK, NY, June 08, 2012 (Press-News.org) Anyone involved in the housing market knows the recent housing crisis has cause massive hysteria among banks, realtors and home owners alike. While the figures suggested by a recent Newsday article suggest that the housing crisis is on its way out, there are still plenty of foreclosed homes available for purchase. Although the numbers are high, the competition is even higher and individual buyers often lose out in face of investment companies and house flippers. Responding to the tips found in the article, New York-based Absolute Capital Homes suggests that unlucky buyers look to realtors to find solid foreclosed property.
The article refers to eight "smart moves" for buyers interested in attaining a foreclosed home. Among them, it is suggested to buy repossessed homes through a real estate agent. When banks and mortgage companies are forced to take over homes where bids were not enough to cover the remaining mortgage, they often hire a real estate agent to market the home for them. These properties are known as real-estate owned (REO) homes and is something that Absolute Capital Homes specializes in. The company can help interested parties find REO homes, and goes a step further by offering credit repair and rent-to-own opportunities to those facing financial difficulties.
In the report, it is suggested that prospective buyers determine how much foreclosed homes will cost you in repairs. Sometimes the cost of repairing these homes can far outweigh its actual paid-for value. Jonathan Dieguez, founder of Absolute Capital Homes, believes that renovations are essential to making the most out of REO and foreclosed homes. As a real estate veteran he says that these costs are far too expensive for the average homeowner who plans on financing. The company aims to help individuals by working with realtors and local contractors to restore the foreclosed property; therefore, clients do no have to worry about expensive repairs that may turn their home purchase into a financial nightmare.
As the Newsday piece concludes, it is important for an eager homebuyer to keep looking. It is common that most purchasers will face rejection and disappointment in their home search, and this is especially higher when they face competition from corporate buyers. The more one becomes familiar with the market, the better they will become at looking for solid investments and eventually will find a suitable property.
Absolute Capital Homes is dedicated to the perseverance in the home buyer market. It is for this reason that the company works hard to connect home buyers and realtors through several opportunities so that Americans can own property.
ABOUT:
Absolute Capital Homes, LLC is a privately owned, fully integrated real estate investment firm, located in New York. The company also maintains properties across the East coast, including New England. The company's chief aim is to generate attractive returns through investment in residential and commercial real estate, capitalizing on the rising inventory of distressed properties held by private and public financial institutions. Absolute Capital Homes purchases promising REO and pre-foreclosed properties that require rehabilitation, then partners with local contractors to perform essential repairs, and experienced realtors to list and sell these properties in a prompt fashion. The company has unique programs that allow financially-challenged individuals become property owners.
Website: http://absolutecapitalhomes.org
Absolute Capital Homes Revamps Foreclosures for Eager Buyers
Although foreclosures are decreasing each day, recent studies show that America is only halfway through the housing crisis. Jonathan Dieguez of Absolute Capital Homes, LLC encourages individuals to go directly through realtors.
2012-06-08
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[Press-News.org] Absolute Capital Homes Revamps Foreclosures for Eager BuyersAlthough foreclosures are decreasing each day, recent studies show that America is only halfway through the housing crisis. Jonathan Dieguez of Absolute Capital Homes, LLC encourages individuals to go directly through realtors.