Triangle Area Foreclosure Community
Raleigh, Wake Forest, Knightdale Foreclosure Resources
INVESTING IN REAL ESTATE
Investing in the Triangle can be a relatively low risk venture with the potential for excellent returns. The guidelines for success in our area differ from larger, metropolitan areas where you find the population far exceeds the availability of highly desirable housing. The Triangle could be described as a sprawling suburbia with plentiful job opportunities, top notch schools and the excellent quality of life that keeps our relocation rates high. Many families seek a rental homes due to temporary assignment or an opportunity to better learn the area before buying. Whatever their reason, our rental market remains strong and you can expect decent gains when it’s time to roll your equity into the next investment.
The same features that attract renters also attract buyers. Because you will eventually sell the property, you need to evaluate your options with re-sale in mind. Evaluating your competition and using re-salability as your compass is an excellent way to go. Renters in our area will likely be swayed by great locations, high performing schools, fenced yards, garages and sensible floor plans. Housing in close proximity to the RDU international airport and Research Triangle Park is always in demand due to the large number of people traveling for their jobs or employed by one of RTP’s many corporations. Location has always been at the core of any solid real estate investment.
Newer is better for maintenance reasons but some of our hottest areas are somewhat established and “established” sells and rents well. Staying within 10 years new is desirable and budgeting for the eventual paint and carpet is smart. A well maintained 10 year old house can often be a better investment than a 5 year old neglected house. Before an offer is made you will be presented with a full market analysis to determine how well the house is priced and advised on the best course of action. A full structural and mechanical inspection will be performed once a contract is formed and all repair negotiations will be finalized prior to closing.
Deciding what type of loan best serves your needs and whether to hire a property management company are among the last decisions to be made. Local investors can often manage their own property but this can get tricky from another state. You will be provided with lenders and property managers in the Triangle area that understand your needs and are always available to discuss your best options. Contact the Sutton Realty Group today for the 10 things you must know before investing in Real Estate. Search for investment homes now. We are here to be your consultant for life. We cover the entire Wake County area. Search for Foreclosure Investment deals in Raleigh, Wake Forest, Knightdale, Garner, Cary, and in Durham.