Real estate owned also known as REO is a common term used for properties owned by any financial institution after an unsuccessful sale of property in a foreclosure auction or a short sale. The real estate comes in the position of a foreclosure when the borrower is unable to make and sustain monthly payments to the lender that results to a foreclosure.

Investing in a foreclosed or REO property in an upcoming neighborhood in Camden County can help you tap into a lucrative business that can reap you profit over time. As these homes are sold for less than what the market has to offer, these homes can be bought, repaired and either be put on rent or hold to get the right price of the property.

There are two types of stages a house has to undergo before it is marked for sale by the financial institution. You have three chances to buy a foreclosed or REO home with an experienced Camden County real estate agent that can help you get that home.

Here are the phases a property undergoes before you can buy at an affordable price:

• The first stage: You can purchase a property even before it is put up for foreclosure. With a help of a realtor in Camden County that will help you find the borrower of the house, you may be able to strike a deal before the house is open for the market. A good knowledge of the neighborhood, house, and the borrower is essential when you plan to purchase from a defaulter. Most of these homes are not well-maintained, therefore a thorough inspection is required before any decision is made. A popular realtor in the neighborhood will help you get the property tour which might be difficult if you try to do it by yourself.

• The Second Stage: If you miss a chance to negotiate a deal before the foreclosure, you can always purchase it in the second phase. The property is marked for foreclosure or short sale that means the estate will be open to the market. The downside is that there will be more offers than before and you might not get a chance to view the property as the tenant might be still living inside. With a real estate agent in Camden County, you might be able to view new house because of the popularity he might have in the neighborhood.

• The Third Stage: The property is labeled as REO that means that it is now in the ownership of a financial institution after unsuccessful attempts to sell a house from a foreclosure. A bank’s aim is to get the most out of the property without investing in anything. Dealing directly with a bank can be a hassle and can take quite a time to decide as there are many layers of hierarchies to follow. There are some agents who have good ties with few banks that can lead to a quicker decision that may be beneficial for you in getting a right deal at the right time.

Purchasing a property at any stage has its own pros and cons. Camden County real estate can help you make the right decision and decide on the perfect stage to buy a particular property.

Agents selling homes in Camden County can help you overcome the challenges that you can face while buying a foreclosure or REO property

Apart from the issues you can face while deciding on the 3 stages to purchase a property, there are many other factors Jersey real estate can help you overcome.

• Information on Financial Matters: Although REO properties rarely have any debt on them, when taking a decision on foreclosed real estate it is very difficult to get financial information about the house. With a help from a Camden County real estate agent, you can get all the information and papers regarding the house.

• Property Condition: It is experienced that most of the distressed homes that are up for foreclosure or bank-owned have a poor condition, as the resident might not have been able to keep up with the maintenance work. Jersey real estate can help you find the most suitable property for your use. Be it for rent or future re-sell purpose, we can help you find a real estate that can give you a maximum return on investment.

• Fast process: If you plan to buy a foreclosed property that is owned by a bank, you can face a communication gap between you and the lender. There are a lot of layers of management involved while deciding over the final price. Most banks try to pitch a high price to show investors that they tried their level best to get the most out of the property. The key to getting the right price is a negotiation that only an experienced real estate agent in Camden County can help you out with. Some of the agents have personal connections inside the bank that can ease the negotiation and documentation process.

South Jersey Real Estate can help you find the most suitable real estate for active adults in Camden County. America is aging and investing in a community that serves senior citizens is a viable and lucrative option. Camden county communities provide a range of amenities for those who plan to retire or just want to upgrade their lifestyle. Contact us now for a more detailed overview regarding foreclosed and REO homes and the benefit you can get by investing in them.

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A REO also called Real estate owned is a property that is owned by a lender that can either be a bank or government, after the foreclosure of the estate due to non-payment. For those who do not know whether to buy a foreclosed property must consider getting an in-depth knowledge of foreclosed homes for sale in Burlington County as their ideal choice for a Burlington County real estate.

A property does not go into a REO just after a default, instead the beneficiary is given time for a short sale or a foreclosure auction to make the remaining payment. If the beneficiary is unable to do so, the property comes in the label of a REO.

Some of the people miss out the opportunity of buying a foreclosed home as they consider it be risky. However, a REO property is the safest buy as all of the debts associated with home are paid off before it is marked for sale. Nowadays, most of the real estate investors are tapping into this opportunity by buying a REO property due to the benefits associated to it. Here are some benefits you may get if you choose to buy a REO property for sale in Burlington County:

• Going Cheap: The first and foremost reason to buy a foreclosed or REO property is because these homes go at a competitive rate compared to an average market price for that home. The reason for a low price is because banks or any other financial institution want to liquidate the property at the earliest, so they can get the best offer. Although you will need to research a little about the going market rate before you consider buying that property, you can get plenty of quality real estate in Burlington County going for cheap.

• No Outstanding Debts or taxes: It is very important to consider the amount of debt or taxes due on a particular real estate before purchasing it. A common misconception for a foreclosed property is that it will have debt payments associated with it. However, this is not entirely true.  To entice potential buyers, financial institutions tend to waive off any taxes or debts associated with the property to attract more buyers by offering a risk-free property.

• Direct Dealing: Buying a REO can be very easy as there are no tenants or previous homeowners that may have attached feelings with the home. Dealing with the home owners has problems of their own. Most of the homeowners attach feeling with the home and tend to be unreasonable in terms of asking price. As with a foreclosed or REO properties, they are mostly vacant, that means they are up for sale from the financial institution.

• Chance for a home inspection: As these properties are vacant and up for sale, most of the financial institutions allow potential buyers to go through the real estate for inspection before purchasing it. Most of the banks prefer to sell a property in “as is” condition but will allow you to run any inspection at your own expense. Although REO properties may not have been kept in a good condition, you may be able to find good homes with little repair work that can lead to huge savings.

• Better Neighborhood: As these properties usually go for 20% less than the average market price, you may get a chance to a new and better neighborhood, compared to your existing one. There are many REO homes for sale in Burlington County that are going for cheap and may be your chance to move up the ladder.

Building wealth by buying a property for sale in Burlington County

Most of the investors have started to invest their money in distressed or repossessed properties because of the benefit it provides it terms of cost and a better neighborhood. It is a fact that most of these properties will go up in price within some time and investors may be able to reap profits out of it. If they tend to sell the home immediately they can also renovate and repair if the real estate is worth it. Repair and upgrade also give investors a chance to rent their property in order to earn steady income while the real estate price hikes with time.

Why is South Jersey Real Estate the best Burlington County real estate company?

Unlike most of the real estate companies, South Jersey Real Estate provides a more personalized solution and experience to its clients. With over 55 plus communities and hundreds of homes to choose from, we can provide you a chance of your lifetime to either invest or buy a repossessed property for yourself.

The communities are for aged and active adults who want to upgrade their lifestyle or plan their retirement, these properties provide several amenities to choose from. Our housing and real estate properties range from condos, townhouses, single family detached homes to two- story accommodations.

For investors who plan to invest their money in REO or foreclosed properties, we can provide a complete guide on properties condition and potential profit you can make through that real estate.

Age restricted communities are one of the best options to invest your money. America’s growing aged population means that there will be more buyers for these properties than ever before. More buyers will in turn create a huge demand for such communities. We have helped hundreds of investors in buying, selling and renting out reliable Burlington County real estate.

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When people first start looking for active adult communities in South Jersey, they are often apprehensive. Most people still picture 55 and over communities as grey group homes with very little to offer. This couldn’t be further from the truth. More and more communities are becoming dedicated to 55 and over housing without all of the stereotypes. With the help of an experienced Camden County real estate agent, you can find an active community that makes you feel comfortable and welcome.

South Jersey is full of attractive housing for adults 55 and over. Unlike the retirement communities of the past, you can easily find new, beautiful single family homes that suit your lifestyle. You will be able to select from hundreds of homes on the market as you work with one of the best real estate agents the area has to offer. Don’t feel limited in your search, as you can easily find your dream home in a comfortable community with the help of a real estate agent.

Camden County Real Estate for Adults 55 and Over

The first thing that you need to understand about adult communities is that they are no longer limited to small spaces or group homes. In fact, most 55 and over communities now offer detached single-family style homes or condominiums. This helps you keep all of the comforts of home and move in to a community that fits your needs.

It is also important to note that every community in South Jersey is a little different. Some of the active adult communities will have low association fees and offer very few amenities. Others will be a little more inclusive, offering fitness centers, swimming pools, club houses and other fully maintained areas. This allows you to socialize more and find new ways to relax after retirement.

Pay close attention to association fees when looking at Camden County real estate. While most communities will have low fees, some active adult communities can charge as much as $550 per month. Your Camden County real estate agent will help you find a new home that has manageable fees or one that includes additional amenities. Many of the communities offer lawn or home care services in addition to leisure amenities.

In addition to learning as much as you can about the community, you should also take the time to learn about the housing available. Most 55 and over communities offer newer housing options. This doesn’t mean that you will be limited to new construction or that you will be the house’s first owner. You will still be able to find plenty of quality housing within each community. Think about what features you want your dream home to have and then go from there.

Finding Available Real Estate in 55 and Over Communities

Finding the best real estate is never an easy task. When thinking about 55 and over communities, there are many factors that you need to consider. A Camden County realtor will be able to help you think about all the small details about your move. This can make finding your new home and moving in significantly easier. Furthermore, our goal is to share and provide fantastic resources to all of our clients. For example, those over the age of 62, using a reverse mortgage for purchase can eliminate your mortgage payment with roughly 40% down. More information can be found at the learning center of www.shopreversemortgages.com.

Before you start looking for agents selling homes in Camden County, you should learn more about the communities in South Jersey. If you are looking for single detached homes, try exploring a community like Traditions or Centennial Mill. If you want lower association fees, try New Freedom Village or Villas at Broadacres. There are also several mobile home communities and luxury condominium communities available throughout South Jersey.

When working with the right real estate agent, you will be able to find a 55 and over community in an area you are already familiar with. Roxanne Ardary works with seniors to help them find communities in Berlin, Cherry Hill, Gibbsboro, Gloucester, Pennsauken, Voorhees, Waterford, Winslow and more. You should never feel limited in your search for perfect real estate. That’s why we are happy to show you homes in the area you feel comfortable in.

Those wanting to be close to family or a particular area can try using an online search tool to find communities. Our website also lists every community in the area by township. This helps you quickly see all of the amenities available and compare the communities. If you need additional assistance, your real estate agent Camden County can help.

The Best Real Estate Agent Camden County

If you want to move in as quickly and smoothly as possible, you should work with the best real estate agent Camden County has to offer. Roxanne Ardary, Realtor has years of experience helping people find homes in age restricted housing. Whether you are planning your retirement or are ready to move, we can help.

What makes our real estate company stand out is that we do not limit ourselves to Camden County. We service all of the South Jersey area. This means that we can help you in Burlington and Gloucester County as well. We know South Jersey inside and out, so we can easily help you find the best active adult community in the area.

If you are interested in moving in or out of a 55 and over community, contact a realtor in Camden County. You will be surprised by just how easy your move can be when you are working with the right people.

Finding the perfect investment property isn’t always an easy task. In many cases, investors will look at dozens of homes before selecting one that suits their needs. When trying to find property in age-restricted communities, it can be even more difficult to discover the best investment. This isn’t due to the lack of availability; it is due to the abundance of choices available. By working with a Gloucester County real estate agent, you can learn more about what is available in each community, helping you make better choices when it comes to your real estate investment.

Why Choose Gloucester County Homes for Sale?

Many investors overlook Gloucester County homes for sale in active adult communities. In some cases, this is because they do not meet the age requirements of the community themselves. This limits them in their search for foreclosures and makes it harder for them to find real estate investments in their area.

One of the biggest benefits of working with a Gloucester County, NJ realtor is that they can help you discover these communities. They can help you find an abundance of investment properties within each community or help you find the resources you need to make a decision. Many of the single family detached homes for rent in adult communities are owned by investors.

There are many other benefits to choosing investment properties in age restricted communities. For example, if your community has a more involved home owner’s association, your rental or investment property may stay in better condition. You are also more likely to preserve the value of your property because the community is well-kept and has a bigger restriction on who resides there. This can make a huge impact on how you see the property and the return on investment you receive.

A Gloucester County realtor would be happy to go over the benefits of investing in real estate with you. Expand your portfolio or explore foreclosures in your area with their expertise. You will be surprised by the opportunities that are available.

The Benefits of a Real Estate Agent Gloucester County

It’s no surprise that working with an experienced real estate agent Gloucester County is highly recommended. While many new investors want to explore opportunities on their own, a real estate agent can help you find undiscovered properties. Your real estate agent may be able to help you find homes that are likely to go into foreclosure or investment properties that have just entered the market. This gives you a distinct advantage over working alone.

Before you can start investing in a home in a 55 and over community, you will need to research the rules of ownership established by the community. Each adult community is a little different and will set its own rules for investors. Your real estate agent can help you ensure that you are following the rules of buying, renting or selling your home in an age-restricted community. You can even purchase some of these properties by using a HECM for purchase (reverse mortgage for purchase) and only put down a fraction of the homes' value without having a mortgage payment. Visit this website to see how.

Don’t feel limited to investing in one age restricted community. While each one is different, a real estate agent in Gloucester County will help you stay organized. This means that you can easily invest in multiple communities and stay within their regulations. Experienced agents usually have helped investors buy, sell and rent in multiple locations across South Jersey.

Save Money on Gloucester County Real Estate New Jersey

Investing in a new home in a retirement community can help you save money later on. Many new investors are purchasing space in age restricted communities to rent out and then reside in once they are ready to retire. This helps them save money on living costs and gives them a better understanding of what their costs will be once they move in.

If you are planning on purchasing Gloucester County real estate New Jersey to flip or “fix up,” you can also look into low-cost foreclosures in age restricted communities. Many of the communities in South Jersey offer traditional single family homes, which gives you the flexibility to remodel to meet modern market demands. By purchasing a home at a foreclosed price and then remodeling it to suit your or your client’s needs, you can save money.

If you are hoping to find the lowest price homes in 55 and over communities, then contacting a real estate agent Gloucester County is one of the best things you can do. An agent will help you find homes that fit your investment budget and will help you find new ways to save money. Working with the right realtor in Gloucester County can be a game changer when it comes to your real estate investment!

Where to Find a Real Estate Agent Gloucester County

If you are ready to make a real estate investment or find a foreclosed home in an age restricted community, you need the help of the best Gloucester County real estate agent available. Roxanne Ardary has years of experience working with potential homeowners and investors alike. With our help, you can easily find a property that suits your needs.

Whether you are an active adult looking for a foreclosed home or a new investor wanting to expand their real estate portfolio, contact us today. You will be surprised by the difference a real estate agent Gloucester County can make!

If you are looking at investing in property for sale in Burlington County, you likely already know that this time of investment is an excellent way to diversify your portfolio, provide a tangible investment option and it also allows you to be more hands on with your investment.

Real estate investment has many benefits, but can be a difficult market to penetrate if you are not prepared. Here are a few questions you should ask yourself before you spend time, money and energy investigating potential homes for sale in Burlington County

Investing in Reliable Burlington Country Real Estate

Can you handle the heat?

Quality real estate in Burlington County can be hard to come by, particularly for investment purposes. In a competitive market, you will have to be well informed, fast and smart to snag an investment property from a competitor.

Purchasing foreclosure homes for sale in Burlington County is particularly competitive because the homes are cheaper and provide more opportunities for a profit. While this can be an excellent investment, there are many buyers, be prepared to offer a fair bid to improve your chances.

Do you understand all of the financial implications?

Purchasing reliable Burlington County real estate at an affordable price is only one part of the investment process. If you purchase a foreclosed or bank owned property, you might think the only thing to worry about is the difference between the cost and the sale price. This simply is not true.

Remember to factor in mortgage payments, taxes, insurance and maintenance when considering your investment. Each of these can affect your bottom line. You should also keep an eye on sales trends in your areas. If you see a ton of foreclosed homes on the market, know that this could be a sign that more homeowners are unable to keep their homes and could indicate a tough selling market.

You could lose money on your investment if you buy the wrong property, if you buy in the wrong neighborhood or if you buy at the wrong time. Some strategies can help reduce the cost of owning the property. For example, consider setting a deadline to have the house sold by. If it does not sell, reduce your price. While this may seem counterintuitive, selling your home faster and a slightly lower price may be much more cost efficient than holding out for a high bid.

Do you know the market?

As mentioned above, understanding the market could save you a lot of time and heartache. Look at the homes selling in the neighborhood in which you are interested. Look at surrounding neighborhoods and see how houses of similar size and feature are selling.

Pay attention to real estate websites and note market trends. Real estate is a relatively safe investment; however, one drawback is that low-buying periods can last a while. Monitor potential growth and development that would clue you in to an increasing population looking for a new home. If you flip the property, use caution. You want to improve the property enough that you make your money (plus some) back, but if you spend too much money improving it to surpass selling Burlington County homes for sale costs in the neighborhood, you could have a hard time selling it.

What type of real estate investment do you want?

Generally, there are two ways to invest in (noncommercial) Burlington County real estate. You can choose to purchase real estate in Burlington County as rental property or to flip and sell. Both options have numerous benefits and a few drawbacks as well.

Rental: Rental property is definitely more hands on. You will have to manage the property or hire a management company to do it for you. This means maintenance, collecting rent, dealing with neighbor complaints etc. Additionally, rental properties require cleaning and repainting between each tenant. If you do not want to be hands on, you can hire a management company that will charge you a flat fee each month to oversee the details.

Property Flips: Flipping a property simply means purchasing the home at a cheaper price, investing in a bit of cleanup and repair and reselling it or a higher price. The most cost-effective way to do this is to do the remodeling and repairs yourself, though you could hire a professional crew to do the work. Once the house sells, it is gone. The biggest risk here is finding the right market to sell the property and finding the balance between too little and too many improvements.

Are you going in with your eyes open?

When you purchase foreclosed or bank-owned properties, you need to know what you are purchasing. In many cases, the home is damaged, dirty and in need of major TLC. Before you make an offer on a home, ask to take a tour. Look through each room, read inspection reports (or pay for an inspection) and check out the neighborhood. Determine if the cost of investing in the property will pay off in the end.

Investing with the help of a Burlington County realtor will make the purchasing process infinitely easier. Choose someone who is familiar with the area and can help you come up with a fair number. Choosing the best Burlington County realtor will give you access to important information about the market and faster tips on new homes/property on the market.

If you choose to move forward with your real estate investment, take care to have someone on your side who is experienced in navigating the market.

Finding Foreclosures with a Gloucester County Real Estate Agent

5Investing in Gloucester County has been becoming increasingly popular. The housing market is very lucrative and there are a lot of different opportunities in the area. With a wide variety of Gloucester County homes for sale, it is easy for investors to find foreclosures and potential revenue properties. An experienced real estate agent can help you find the best properties to suit your needs. Learn more about how a Gloucester County real estate agent can help you.

Get Experience with a Gloucester County, NJ Realtor

One of the biggest benefits of working with a Gloucester County, NJ realtor is the experience. If you are making your purchase and don’t live in the area, the realtor can help provide you with plenty of information. When investing in a property, there are many things to consider:

Type of housing available

• Neighborhoods
• Community values
• Local stores and attractions
• Market values over time

The truth is that every neighborhood is a little different. For example, if you are looking for a foreclosure that you can flip, you are going to want to look in a desirable neighborhood. You don’t want a home located in an area where homes stay on the market for years without a buyer. If you are hoping to rent out your property, you might want to focus on an area that is close to attractions or has a strong community.

The real estate agent in Gloucester County you work with should have a good understanding of each individual neighborhood. This will help you narrow down your choices and get a better understanding of what’s available. If you are investing, a real estate agent is crucial to finding a good property.

Gloucester County Homes for Sale Available Now

A great feature of Gloucester County is that there is always development. New homes are being built everyday, which encourages people to move frequently. This means that older houses are always available, making it easy to find an investment property.

Gloucester County real estate New Jersey is very diverse, so you will have plenty of options. If you don’t want to invest in a traditional single-family home, you will have no problem finding condos, townhomes or apartments on the market. Condos, for example, can be an excellent choice for a first-time investor because of the low maintenance involved. Because most condos in the area are larger than apartments, you could attract a renter very quickly with a little bit of effort.

All types of real estate goes into foreclosure. If you are looking for a cheap house for sale in Gloucester County, you will have plenty of options. Flipping condos or single-family homes is popular in New Jersey, and there is plenty of opportunities available in the area. A real estate agent Gloucester County can easily help you find an investment opportunity that works for you.

Investing in Adult Communities

Another notable feature of Gloucester County is the growth of active adult communities. There are several neighborhoods dedicated to providing residents ages 55 and up with everything they need. Even if you aren’t a senior citizen, you can still find plenty of investment opportunities in these areas. Active adults 55 and over still rent apartments or single family homes. Flipping a house in one of these communities can also be a very interesting and worthwhile experience.

Working with a realtor in Gloucester County is recommended if you are hoping to invest in one of these communities. Like a typical neighborhood, most communities have their own atmosphere and values. With the experience of a realtor, you can better understand these values and choose a property that is a good fit.

First time investors can also consider retirement communities. These areas have just as many opportunities as a standard neighborhood does. Many have less maintenance involved as well, due to active home owner’s associations. Start browsing online listings for these communities today to learn more.

The Best Gloucester County Real Estate Agent Available

Finding the best Gloucester County real estate agent can be easy when you know where to look. Roxanne Ardary has plenty of experience working in the South Jersey area and can help you find a home in an ideal location. Whether you are hoping to invest in the area or are looking for a foreclosure for yourself, she can help.

There is a wide variety of housing styles and communities available in Gloucester County. By working with the right agent, you will be able to find a property that suits your lifestyle. Learn more about the individual neighborhoods in the area by browsing our website. This can help you find good investment properties in the area.

As a Gloucester County realtor, Roxanne Ardary has years of experience helping investors find South Jersey properties. The area is filled with beautiful homes, condos, townhomes and more that anyone would be proud to call their own. There truly is a lot of opportunities here for the right investors.

If you are interested in investing in real estate in Gloucester County, contact us today. A real estate agent Gloucester County can trust will be happy to help you find new listings or foreclosures in the area. Call us today to learn more and see how easy it can be to find an investment property in the South Jersey area.

Challenges of Investing in Bank Owned Camden Country Real Estate

Investing in Camden County real estate is an excellent way to diversify your investment portfolio. Purchasing bank-owned or foreclosed properties can often yield a substantial savings, making rental properties and flips more affordable. Additionally, real estate is an excellent option for investors who need something tangible to work with.

Because people will always need a place to live, there will always be a need for rental properties. You can offset most risks associated with investing in real estate with smart management and better understanding of your local market. However, investing in real estate is not easy. Like all investments, there are challenges. Bank owned and foreclosed properties in particular offer their own unique set of challenges. If you are considering investing in foreclosed or bank owned properties, you will fare better if you approach the investment fully aware of the challenges:

Little or no financial information: When you purchase a bank-owned property, you may have to deal with little to no financial history on the home. Bank owned properties are homes or complexes that foreclosed and returned to the bank. If you are purchasing a foreclosed investment property (homes used for rental, duplexes and apartments), it is likely that the property was taken back by the ban because it was not performing well. However, you may not have all of the financial information you need to see the how, what, when and why because the former owners may not have turned over all of the documents.

Working with a Camden County real estate agent can help ensure that you get the most information possible, but many times the financial records are incomplete. You can overcome this with a lot of hard work and community research, but it may take time.

Longer, more complicated process: Even the best real estate agent Camden County will tell you that purchasing foreclosed and bank owned properties takes more time than a traditional purchase. If the home is in foreclosure, you may have to attend an auction or place a bid and hope your bid is accepted.

When you purchase a bank owned property, you have to negotiate directly with the lender. Hiring a Camden County realtor can make this process a little easier. While banks want to get some money, any money, for the property, they want to make as much of their investment back as possible and they can be rigid negotiators. If you plan to purchase a home directly from the bank without the help of a realtor, you should consult with an attorney to ensure that your contract process moves as smoothly as possible. Real estate agents often have relationships with banks, which can make the negotiation process a bit easier.

Purchasing REO property or foreclosed properties is a great way to save money on real estate investment, but it requires patience. It can take several weeks to negotiate a contract. Do not be surprised if you feel rushed to turn in your documents, down payment and other information only to wait for weeks for closing.

You need more money: When you purchase a foreclosed property or a bank owned property, you will need a larger deposit than if you purchased an investment property in good standing. Purchasing investment property in good standing often allows for a good-faith deposit. Purchasing an investment property that is owned by the bank or in foreclosure often requires a larger deposit.

Expect to pay up to 5 percent of the total purchase price towards the deposit. Depending on the bank you work with, this deposit may be nonrefundable. Talk with your realtor in Camden County and review the paperwork thoroughly before signing to ensure you understand the terms of your deposit. A hard deposit (non-refundable) is designed to lock you into the purchase. This means that if you change your mind about the purchase after the investment, you bid a fond farewell to the money you already handed over. You can avoid losing your deposit by trying for a refundable deposit and/or working closely with your real estate agent to find lower-risk properties.

Condition of the home: Purchasing a foreclosed or bank owned property often means you purchase the property as is. It is important to understand that many of the homes will have at least some damage and other issues. If you accept the fact that you will need to do at least some cleaning, repairs and remodeling of your investment property you will be able to plan accordingly.

One popular investment method is flipping. This involves the purchase of property, remodeling (sometimes gutting) of a home and a resale. Even if you plan to purchase the property to rent out, you will need to ensure the home is clean, safe and healthy to maximize your return and to meet state standards for housing. Agents selling homes in Camden County can help you find the perfect investment property. If you are willing to put a little more money into a home, you may be able to find property in a great neighborhood, allowing for maximum returns on your investment.

While investing in bank owned and foreclosed properties can be a scary decision, it can also be very rewarding. Many people find that the income they earn from rental properties provides a sizable return on their investment.  Contact a real estate agent in Camden County today, to learn more about how we can help you find the perfect investment property.

A 2014 Gallup poll showed that individuals with a lower income (under $75,000) believed that gold was a better, smarter investment. While those who had incomes of higher than $75,000 typically favored real estate as an investment option.

Perhaps unsurprisingly, those who favored Burlington County real estate investments are on the money. While gold is still a fair competitor in the investment market, it is not as strong of an investment as real estate.  As a rule, reliable Burlington County real estate is a better investment option than gold, for several reasons.

Control: The most obvious reason purchasing property for sale in Burlington County is a better use of your money than purchasing gold is that you have more control over the success of your real estate property. Gold values fluctuate with the market. As a property owner, you run your investment. You can make changes to rent, improve the property and reduce expenses to increase your revenue. While you should diversify investments (some real estate, some mutual funds etc.), having more power over your investment allows you to have a more direct hand in your success.

As a realtor in Burlington County, NJ we are experts in finding the most appropriate housing environment for all of our customers. Not only are we dedicated to finding a listing that meets the needs of our buyers, we are also dedicated to providing the best opportunities for our investors. As one of our investors, we understand that you are putting your trust in our company’s ability to sell not only turn-key homes, but repossessed and foreclosed properties as well.

By providing services to the South Jersey area for over two decades, we have been able to gain a vast amount of knowledge about the area and its people. With that being said, we are confident we can gain your trust and satisfy your needs as an investor and the needs of home buyers. With that amount of experience you will be dealing with the best Burlington County real estate agent around.

We realize that each investor’s goal is different and we’re willing to work with you to reach your short- and long-term goals. Whether you are a first-time investor or a seasoned professional, a small company with a couple of partners or a large group of investors, our agency is more than capable of handling the work. We have the experience, knowledge, resources and professional real estate agents to work closely with you on each and every deal.

A Burlington County real estate agent has your back in every scenario

There are 40 municipalities in Burlington County resulting in a large offering of lifestyle and housing options. To that end, we have a database that includes the MLS listings for the area’s homes for sale and properties throughout the South Jersey area.

With our realtor team by your side, you will have success obtaining foreclosed homes and repossessed property. According to recent data, one in every 584 homes is being foreclosed on in New Jersey. Homes that are in a pre-foreclosure status can be purchased directly from the borrower and/or owner of the home by offering to purchase the property outright. This is often a good idea for the borrower/owner and the buyer. It gives you plenty of time to research the title and the condition of the property before making a decision and further – on the money side of things – you will more than likely see discounts of 20 to 40 percent below the current market value.

Another option is purchasing during an auction, which occurs at the end of the pre-foreclosure period. You will be able to bid on the property you’re interested in at a public auction. A possible downside for some when buying through an auction is you will be required to pay in cash and will most likely not have enough time to research the title and the condition of the property before you finalize the purchase. However, there are a couple of definite positives in this scenario: 1) You will find some of the very best bargains, and 2) You will be able to bypass dealing with the owner/borrower.

Choosing foreclosed houses with a realtor in Burlington County, NJ

The lender of a property can take ownership through an agreement with the owner/borrower during the pre-foreclosure process or at a public auction, and they’ll want to recoup the unpaid loan amount. They will normally clear the title and do any repairs and maintenance deemed necessary and then they’ll be available for purchase. The bargain is normally less than an auction or pre-foreclosure property. This is how the property becomes available for purchase by investors.

This is a good avenue for you to pursue if you want to forego dealing with individual homeowners and are resistant to the idea of an auction. There are also other reasons why buying a bank-owned property is the best option for you. It’s possible you can avoid the responsibility of unpaid property taxes, you’ll be able to have the home inspected and you will often get an exceptional deal on the property. It is also possible for the sale to be or become a government foreclosure. You will then deal with a government agency when buying a foreclosed property. Two government agencies that often involved in these deals are the Department of Veterans Affairs and the Department of Housing and Urban Development.

To avoid any pitfalls while pursuing this type of sale you will work closely with our Burlington County real estate agent to ensure you gain access to great properties and get the best deal possible. We understand you may want to pursue the lowest priced property that you can, but we caution our clients to also consider the amount of work and money that will be needed to restore the house and property. We want to ensure your complete success when choosing a realtor in Burlington County, NJ.

Currently, our company has listings of an array of short-sale and pre-foreclosed properties that are ready for you to view. We want to be your go-to Burlington County real estate agent and help ensure the proper outcome for all of your investments. We recognize that there are a variety of unexpected events that can happen when taking interest in foreclosed properties; that is why we are so committed to trying to help all of our investors anticipate any circumstance. As your realtor, we are able to provide our investors with as much information as possible upfront.

We are the best Burlington County real estate agent around and we want to ensure that all of our investors become the very best too.

Investing in foreclosed and bank-owned properties has the potential to be a profitable option, if you make correct choices during the preparation and purchasing process. Whether you are new to real estate or you have a few purchases under your belt, you can always learn a few things to help improve your odds of finding that perfect real estate in New Jersey.

Here are ten of our best tips for getting you the best home possible:

Five tips for finding the best Mt. Laural, NJ real estate purchases

Narrow your options: According to one site, there are nearly 300 foreclosed New Jersey real estate properties for sale in Mt. Laurel Township alone. That is plenty of homes in a relatively small area. If you expanded your search area, you could easily reach over 500 or more potential homes. It is going to be extremely easy to be overwhelmed or bogged down if you do not put some parameters on your search. One simple way to narrow your options: pick a neighborhood or specific community within the township to focus on. Speaking of which…

Choose a good neighborhood: One of the best ways to increase profitability of your New Jersey real estate for sale is to focus on the neighborhood. The house is important of course, but a good neighborhood can significantly increase the resale value of any home your purchase. A good rule of thumb is to purchase a bad house in a great neighborhood. Look at the neighborhood as if you are planning to live there. Check out the schools, amenities, safety and access to main roads. This will affect the max value of the home.

Work with a professional: When you plan to invest in real estate in Mt Laurel New Jersey, you will have much more success if you enlist the help of a professional realtor. Your realtor understands the community, knows properties that are on the market and can help you navigate the sometimes confusing profess of purchasing a foreclosed or bank-owned property. Spending a little money to hire the best realtor in Mt Laurel, NJ will pay off when you find the real estate that fits your budget and your needs. Do not be afraid to ask questions and get help, that is what we are here for. 

Tour the Home: Most people would never purchase a vehicle they have not test driven or put all of their money in a bank they know nothing about.  This means you should never invest a significant amount of money into a home you have not seen with your own eyes. Check the house inside and out, look in the yard, open cupboards, and walk through the neighborhood. Talk to neighbors. Know the house or property you want to purchase.

Get the home inspected: Last, but certainly not least, have the home inspected by a professional. You need to know if the home has any infestation problems and other issues you may need to address if you continue forward with the purchase of the home. Your Mt Laurel, NJ realtor can help you find a great inspector for your property.

Five tips for financing foreclosed real estate in New Jersey

Know your market:  Not all housing markets are performing the same. Understanding how the market looks in the area you want to purchase will help you determine whether you are on to a good thing or whether you need to look elsewhere. Purchasing real estate in New Jersey could be a good option for 2015. Most recent numbers show sales prices down almost 7 percent. This drop will likely also affect foreclosed and bank-owned properties.

Do your research: We already mentioned studying the neighborhood you plan to move into, but more than walking around the neighborhood, do some real legwork and check out future projects in the area. Construction of local transportation services, commercial buildings and restaurants nearby can influence the resale value of your new purchase. Keep an eye out for future projects.  When you purchase Mt Laurel, NJ real estate

Have cash saved up or get preapproved: If you take the time to save up a sizable down payment (or the entire purchase price), or fill out the paperwork for preapproval on Mt Laurel real estate in New Jersey, you will have a lead over other interested buyers who may not have taken the time to plan ahead. Because these types of purchases can be ultra-competitive, any advantage you can get, you should take.

Get good mortgage rates: Even if you just plant to flip the home, get the best mortgage rates possible. If you want to make the most money from your investment, work with a realtor in Mt Laurel, NJ, who can help you make sure you are getting the lowest rates possible. Good credit, solid career history and a down payment will all help.

Know the bidding process: Just because a bank-owned or foreclosed home is on the market for $125,000, does not mean that is what you are going to get for it. After seeing the property and talking to an inspector, consult with your real estate agent in Mt Laurel, NJ to make sure you are getting the most house for your money. Making a reasonable, fair offer is the best way to land the property you really want.

When you need help finding the perfect real estate property for sale, call Roxanne Ardary for help.