PURCHASING REAL ESTATE

There are many routes to the acquisition of Real Estate. Some of them involve monetary transactions, some do not. The first consideration is locating the property. Every property posted for sale is not a candidate for restoration and resale. Every property that is off-market and abandoned is not a candidate. One of the determining factors is the condition of the local housing market. Another is the economic conditions of the area the property is in. Are people moving out? Are people moving in? Are there a growing number of stable jobs? Another consideration is the condition of the property. Is it too old and worn to be able to be restored to it’s former glory and sold for a decent price?