One of the newest commodities to come onto the real estate market in Vermont in big numbers are foreclosure homes, and the subsequent interest by buyers and real estate investors has since followed. Vermont foreclosed homes are very attractive investment opportunities to a wide range of buyers, mostly because they offer the chance for extremely discounted purchase at auction and through special sales. Since Vermont foreclosures are the result of repossessions by lenders, they are often sold off for anywhere up to 50% below their actual market value simply to retrieve the debt lost on the loan provided. As a result, many investors hunt Vermont foreclosure listings to great gains, as they save on purchase and provide an extra margin for investment on future sales.
Vermont forclosures are currently soaring at very high levels, thanks to the proliferation of adjustable rate mortgages and subprime borrowing that happened within the past decade. With high concentrations in desirable, populated areas like Burlington and Rutland, buyers are finding a wide array of properties, both for their own primary residences and for places to rent until the market turns around and profit can be made. The key is to get a good loan that you can afford to pay off until the market turns around.
If you're interested in buying Vermont foreclosures either as a new family home or for a vacation or investment property, it's certainly worth investigating, since no other form of real estate in the state offers the same chance for discounts. Explore Vermont foreclosure listings today and see what's available to learn more.
No comments:
Post a Comment