Hidden gems in the real estate market
Are you a real estate investor? A first-time home buyer? Someone looking for a vacation home?
Whether you fall in any of these groups, Damelecia can help you find a gem in a distressed property or a handyman special, especially with the variety of properties available in Southern Florida. Handyman specials are homes listed with a steep discount because they need repairs. Distressed properties are those in which the previous owner has fallen in arrears on their mortgage payment or property taxes.
With the rash of foreclosures across the state, there are a variety of distressed properties available for lower prices than the market has seen in years. Banks are seeking to close on deals fast. For an investor, the opportunities to capitalize are endless. For someone looking for a home, now is a great time to start your search.
Prices are even lower on fixer-uppers for buyers or investors who want to polish their purchase themselves. Some require new paint, while others need more extensive renovation. Either way, you can save tens of thousands of dollars by doing the repairs yourself instead of purchasing a finished home.
Southern Florida has a multitude of deals for the investor seeking to fix and flip a property. The value of a home goes up significantly after a renovation. Sometimes even a few repairs and landscaping can make the difference between a hefty profit and breaking even.
If you are looking to purchase a home for the long-term, a handyman special is a great option. The repairs need take only months to a year, while you will enjoy the results for years to come.
For those looking for a home for their family, fixer-uppers are a great way to save, especially for first-time home buyers looking to enter the market. Homes that need just a little TLC are often marked down more than it would cost to make the repairs. Taking on such projects will allow you to make the home your own. Dream homes don’t always have to come in perfect packages. You can turn a home into yours.
To start browsing the options Damelecia has gathered, register to join our buyers list.
