Real Estate Investor Profits Changing

Dated: 04/12/2012

Views: 2064

For the last two years or so in the Easley, SC market, we’ve been able to secure foreclosed homes that won’t finance (need $20,000 or so in repairs) for about 93% of list price in the first two weeks, or even less if they sit for a while.  Recently, we’ve found that we need to go OVER list price, and within the first day or two, to successfully win a bid on prime properties.


Thankfully, banks are still pricing them to have a decent profit margin if they need more than carpet and paint, but the “glory days” of CHEAP buys and ridiculous profit margins may already be behind us.  When you run across an investment property that catches your eye, call your seasoned investor-friendly REALTOR ASAP before it’s gone!

Blog author image

Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

Latest Blog Posts

New Two Story Home Under Construction In Williamston

This lot is conveniently located near downtown Williamston and the home is to be constructed on this cul-de-sac lot. Affordability with three bedrooms, two bathrooms and 1,279 sq ft provide plenty

Read More

New Price For A New Home In Seneca

This lot is located in a very desirable subdivision and has many amenities for a life of enjoyment! The picture provided is a rendering of the craftsman model and is to be built on this lot. Will be

Read More

Starter Home

Great first time buyer home.103 Lynch Street$104,900 Single Family 3 Beds, 1 Baths, 1 Half Baths, 1,000 Sqr Ft, Pendleton Just Listed29670 - Affordable country living! 3 bedroom, 1

Read More

Lovely Country Setting

141 Mellrich Road$230,000 Single Family 4 Beds, 3 Baths, 3,410 Sqr Ft, IvaPrice Reduction29655 - Are you looking for a slower pace home in the country but, not to far from town ? Check

Read More