Struggling Market? Now is the Time to Buy
Posted on February 23, 2010
Filed Under buy foreclosures |
(NewsUSA) - Maintenance costs are up, home values are falling and states are seeing more foreclosures than sales. But terrible times for homeowners make for terrific investment opportunities.
Why? The market sees constant ups and downs. Buying when the market’s high it is means greater upfront costs. And because the market cannot rise indefinitely, property investors must constantly watch for the bubble to pop.
In a down market, the question is not “if,” but “when” the market will improve. If investors can buy properties at rock-bottom prices, they can afford to maintain the home until the market improves. At that point, the investor can sell the home both to recoup their buying and operating costs and to make a profit.
Some companies are looking to profit on the down housing market. Deer Park Development Corporation, a Nevada-based company, is purchasing foreclosed homes in Arizona, Nevada, California and Florida, some of the areas most affected by the down market. Nevada, for example, sees more foreclosures than any other state -; million-dollar properties can be bought for half their building costs. Between May and June, Californian banks foreclosed on 40 percent of the homes on the market.
Deer Park Development Corporation’s agents and brokers draw on 35 years of experience -; they have seen down markets before, so they can easily identify promising properties.
When Deer Park Development Corporation finds a home that it wants to acquire as an investment, it works with the homeowner or bank to purchase the home at a 50 percent discount.
But the company does not profit at homeowner’s expense. It negotiates with homeowners so that people can rent their homes after the sale. When the original homeowner’s lease expires, Deer Park Development Corporation allows former homeowners to repurchase their properties for a predetermined price. In this way, the company invests in the down market while also helping down-and-out homeowners.
Ron Roberts
http://www.articlesbase.com/management-articles/struggling-market-now-is-the-time-to-buy-743136.html
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2 Responses to “Struggling Market? Now is the Time to Buy”
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I am starting a business making videos to help people gain the skills using windows in this struggling market.?
I would like honest input and serious advice for how to proceed with the plans for selling the lessons online and in a dvd format. my target market is from 30 and up to increase there marketable skills in this networked world and give them the basic tools to learn on there own. question how should I approach and address the issue if a person does not even know how to use windows and perform the basic functions I am proposing to teach them ? and how can I make it fun for them so it’s not a chore to do a little at a time in this " I want it now environment we live in ?" most people in the age group i am describing think they are too old to learn the skills or they do not understand the benifits that computer skills can offer in todays job market.
Do some research on Video Professor. I think they’ve beaten you to the market. Although the market is by no way closed to new competition. I think 30+ is a bit young for a target market. I’m 49 and I am very quick with the computer. Most of the people I know are as well.
Of course if you deliver you courses via internet delivery, you run the risk of your target market (computer novices) not even being able to do a basic down load. Those people will also be wary of paying for something on-line.
You might want to start small. Give courses in a local senior center on e-mail, and picture software, so that they can communicate with their grand kids. I know I did that with my mother and mother in law, some years back.
Just a thought.
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