While driving you may have seen the signs along the highway with the words we buy homes inscribed on the sign, and a telephone number. These are local private investors looking to the real estate market as a better way to increase their investments. Right now banks are only paying about 1% for money deposited in the bank, and the stock market is very volatile right now.
The interest rate that the banks are paying is not very attractive to most investors so the real estate market has become a better place for them to invest. You can find out about the buyers of ‘we buy houses’ in Arizona via http://www.ezpropertystore.com.
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Real estate investors purchase houses from distressed homeowners at a discount and then resell them at a higher price to potential homeowners looking for a home to purchase. As a homeowner at first you might think that this is not a good deal for you.
Over the years you have worked hard to keep your home, and now you are required to provide equity in your home to strangers. For some homeowners, this may be the only option available to your buyer. The real estate market today is as difficult as it has been in year’s picky buyers.
They know the state of the market over the last few years and they look for the best properties. This property must have upgraded kitchens, bathrooms, and the latest styling throughout the home at a price that is approximately 10% to 35% less than what they were five years old.