Some of the best real estate investment opportunities on the residential and commercial markets are often distressed properties.
For investors looking for homes to purchase, foreclosed houses may prove to be the best deal out there. Additionally, for brokers and agents, these homes can provide a substantial source of income, as their typically affordable price tags appeal to many homebuyers willing to fix them up.
It's generally recommended all investors looking to buy a foreclosed house do their homework to ensure they know everything about the home, as well as pertinent information about the property's neighborhood and community to gauge the market value and other relevant statistics.
Finding out all the appropriate information about these foreclosed houses - including whether a bank that owns a property took good care of it or what other foreclosed properties in the area have sold for - can help investors deciding whether they want to buy the home.
For instance, if a bank-owned property needs some work, an investor can use several pieces of statistical information to weigh the pros and cons of buying the foreclosed house and fixing it up.
In comparison to non-distressed properties, foreclosures can be more attractive to investors, as they can buy cheap and make a profit by flipping the properties. Through CRS Data's tools, investors can accurately determine if buying a particular foreclosed house is right for them.
By using the tools, investors can access property reports, tax data, local market information and much more to help them in their research of foreclosed houses. Having access to a variety of real estate records and property specs for foreclosures can be an invaluable resource for investors who wish to conduct extensive research before selecting properties.
Also, real estate agents and brokers looking to sell one of these properties should do their research as well. Through the aid of CRS Data's tools, these housing professionals can determine who may be interested in purchasing a foreclosed house, where the most distressed properties have been sold and other data to help them move the homes.
“The quality of our work would not be as good without CRS. And it would take hours to get the work done without CRS."
CHARLIE HARPER - Sunmark Community Bank