San Antonio Foreclosures and Short Sales… an Investor’s Best Opportunity
San Antonio has its share of Foreclosures and Short Sales and therefore an Investor’s Best Opportunity to reap the rewards for the effort they put in to find, purchase and either flip or lease out those properties. So the rest of San Antonio buyers want the Opportunity to get the Best deal too! It’s possible to find a few owners willing to sell their home at a loss, but you don’t have to be an Investor to purchase either a Foreclosure or Short Sale.
It’s difficult to know where to look for the Best Opportunities in San Antonio and usually Investors have REALTORS® looking for those Foreclosures and Short Sales. The National Association of REALTORS® reported that in 2011 40% of buyers used the internet and 35% used a REALTOR® to find the home they purchased. So it’s understandable that an Investor’s Best Opportunity to find Foreclosures and Short Sales in San Antonio is through the services of a REALTOR®.
It is generally stated that one-third of the listings are Foreclosures and a lot of them end up as Short Sales. Some of those are bank owned and that is another Opportunity Investors and everyone in San Antonio has to find their Best deal.
So why are San Antonio Foreclosures and Short Sales an Investor’s Best Opportunity? Because the banks/ Investors that own these properties don’t want to hold them. Each San Antonio Foreclosure and Short Sale costs money to hold and maintain so the price is reduced to get multiple bids. Why it is an Investor’s Best Opportunity? Because they make a lot of bids!
If an Investor’s Best Opportunity in San Antonio is to purchase Foreclosures and Short Sales, how can an ordinary buyer get the best home for their money? Should they look at purchasing a home in San Antonio that is a Foreclosures or Short Sale? The hard answer is maybe yes and maybe no. One reason it is an Investor’s Best Opportunity is because they typically have time on their side.
An ordinary buyer in San Antonio may not have the luxury of waiting 2-6 months to close on that Foreclosure or Short Sale. So if confronted with buying a home in time to get the kids in the Best school, time is the ally of Investors.
So regardless if you are purchasing homes all the time or looking to purchase your first home, the best deals can be found in San Antonio Foreclosures and Short Sales inventory, an Investor’s Best Opportunity.