Columbia, SC Homes for Sale- Columbia, SC Foreclosures-Real Estate Investment Opportunities

Columbia, SC Homes for Sale- Columbia, SC Foreclosures-Real Estate Investment Opportunities

In today’s economy, it is no doubt that the number of foreclosed homes has been on the rise. Buying homes in a foreclosure auction can be a great way to start investing in real estate because you can possibly purchase a home for far below market value! Typically foreclosure homes sell for 10-15% below market value, but today that percentage is much higher! There are many great options for sale in Columbia and surrounding areas.

Once you have purchased the home, there are many different options for turning your investment into profits. You can immediately re-sell, decide to live in the home, or renovate the property to resell or turn into a rental income property. Also, foreclosures typically have shorter delays than buying a short sale meaning there may be a quicker return.

However, there are many risks associated with these transactions. To be sure that you receive the most lucrative benefits from an investment in a foreclosure, it is necessary to be informed and knowledgeable about every step of the process.

The best way to go about doing this is to work with an experienced agent. Exit Real Estate Solutions has some of the greatest agents in the Columbia, SC Real Estate market to provide guidance to investors! Our agents can help you prepare for an auction and offer advice to ensure you get the best deal such as helping with:

• Researching properties before the auction so you can come prepared on the day of with an idea of exactly what you want to buy
• Figuring out financing options/getting prequalified beforehand, because once a property is sold at an auction, you gave 24 hours to pay for the rest of the home (at the auction you typically put down a 20% down payment)
• Determining your assessment of a property’s value. In foreclosure auctions it is sometimes hard to remember that bidding isn’t competitive, but it is instead based on your evaluation of a property’s value

Some other great options for real estate investing include Short Sales and REO’s.

Let us help you start investing today! Contact us at our website or at (803)708-2646 for more information on money-making opportunities!

 

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Blog Signature: Columbia SC Foreclosures, Foreclosures, Financing, Lexington SC Foreclosures, Irmo SC Foreclosures, What is a foreclosure auction?, Columbia Listings, Homes for Sale, Columbia SC Real Estate, Investment Opportunities, Lexington SC Real Estate, Irmo SC Real Estate , Foreclosure Listings

Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker
Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in Blythewood, Columbia, Lugoff, Elgin, Lexington, Irmo,Chapin, Camden,
Cayce, West Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.