Buy to Rent

<p>From December 2022 to December 2023, the median value of properties in Charlotte, NC appears to have trended upwards, albeit with notable fluctuations from month to month. The property value reached its peak in June 2023 at approximately $426,000. Interestingly, the property value plummeted to its lowest in February 2023 at about $381,000.</p>
<figure id="attachment_25133" aria-describedby="caption-attachment-25133" style="width: 1442px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25133" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/02/Charlotte-NC-home-prices.png" alt="Charlotte NC home prices" width="1442" height="556" /><figcaption id="caption-attachment-25133" class="wp-caption-text">Charlotte NC home prices</figcaption></figure>
<p>Though the local real estate market shows signs of variability, there was a slight overall increase in the median home values in Charlotte. Such a trend highlights the potential of a growing market and may encourage both buyers to consider long-term gains and property developers to continue investing in this versatile city.</p>
<h2>Property Trends in Surrounding Areas</h2>
<p>The city of Charlotte posted an impressive number of sales in July 2023, with approximately 9,710 properties changing hands. This high sales volume could be indicative of an incredibly vibrant market during the summer.</p>
<p>Now, let’s take a look at the property trends in nearby cities from December 2022 through December 2023:</p>
<ul>
<li><a href="https://www.realtytrac.com/market-trends/matthews-nc/">Matthews</a> showcases higher average property values relative to Charlotte, peaking in September 2023 at around $565,000. Its consistent trend of higher per square foot value signals a potentially increased demand, possibly attributable to distinctive city features that buyers find attractive.</li>
<li><a href="https://www.realtytrac.com/market-trends/pineville-nc/">Pineville</a>‘s average values, on the other hand, are typically lower than those in Charlotte, reaching a peak in December 2023 at $463,000. In Harrisburg, we observe fluctuating average values, with a significant high in May 2023 at $550,000.</li>
<li><a href="https://www.realtytrac.com/market-trends/indian-trail-nc/">Indian Trail</a> demonstrated an impressive surge in August 2023 when the average property value reached about $600,000. Despite random price changes, Belmont’s real estate market shows relative stability, with small fluctuations and a top value in August 2023 at $450,000.</li>
</ul>
<h2>Analysis of Square Foot Prices</h2>
<figure id="attachment_25134" aria-describedby="caption-attachment-25134" style="width: 1461px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25134" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/02/Charlotte-NC-price-per-sq-ft.png" alt="" width="1461" height="778" /><figcaption id="caption-attachment-25134" class="wp-caption-text">Charlotte NC price per sq ft</figcaption></figure>
<p>Reviewing avg. square foot prices helps us understand property value from another perspective. In general, the price per square foot within Charlotte’s surrounding areas tends to be higher compared to Charlotte itself. Matthews and Belmont, for instance, frequently display more substantial per square foot numbers suggesting a likelihood of increased property value or desirability.</p>
<p> </p>


Market Reports

Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023

This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023 - RealtyTrac

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

Illinois

<h2>Atlanta Real Estate Market Overview</h2>
<p>The real estate market in <a href="https://www.realtytrac.com/market-trends/atlanta-ga/">Atlanta, Georgia</a>, has been exhibiting intriguing dynamics over recent months, with fluctuating property values and changing inventory levels shaping the landscape. It’s a market characterized by its variability, with particular points of interest in the average property values and per square foot values. These trends are not only significant in understanding the current state of the market but also in forecasting its future movements.</p>
<h3>Trends in Average Values</h3>
<p>One of the standout observations in the Atlanta real estate market is the trend in average homes values. As per recent data, there has been a noticeable fluctuation in these values, with peaks seen in certain months, particularly in October 2023, followed by a decrease in subsequent months. For instance, Dekalb County saw a sharp increase in average value, reflecting a market that experiences periodic highs and lows. This could suggest a buyer’s or seller’s market depending on the time of the year, with October 2023 being an especially significant month for sellers.</p>
<p>Similarly, the average per square foot value, a closely watched indicator of property value, also showed a substantial rise in the same period, particularly in Dekalb County. This increase, however, did not maintain its trajectory and followed with decreases, hinting at the volatility of the market and possibly influencing buyer and seller behavior as they navigate these shifts.</p>
<h3>Property Counts and Sold Properties Trend</h3>
<figure id="attachment_25422" aria-describedby="caption-attachment-25422" style="width: 1426px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25422" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/03/Atlanta-Georgia-Homes-For-Sale-March-2024.png" alt="Atlanta Georgia Homes For Sale March 2024" width="1426" height="742" /><figcaption id="caption-attachment-25422" class="wp-caption-text">Atlanta Georgia Homes For Sale March 2024</figcaption></figure>
<p>Interestingly, the number of properties listed on sake demonstrated a decreasing trend from September 2023 through February 2024. This decline in listings could be an indicator of a seasonal trend, perhaps mirroring slower winter sales, or it could highlight a reduction in market inventory which could lead to competitive buying conditions and potentially drive prices up.</p>
<p>The number of properties sold, also reveals trends worth noting, peaking in July 2023 for Dekalb County and then showing a downward trend. This seasonal spike and subsequent decline could be tied to traditional summer moving periods and the cooling off of sales as the year progresses. These patterns underscore the ebbs and flows of the real estate market on a yearly basis.</p>
<h3>Median Sold Price Trend</h3>
<p>The average sale price of properties provides vital insights into the market. Fluctuations in these numbers, with noticeable peaks in Dekalb County in October 2023 and in Cobb County the following month, showcase the temporal sensitivity of property values. The average sold per square foot value shows similar fluctuations, which may influence investors and homeowners in making timely decisions in the buying or selling process.</p>
<h2>Snapshot of Current Values and Volumes</h2>
<p>Here is a breakdown of the current values and volumes as of February 2024:</p>
<h3>Atlanta, GA (February 2024)</h3>
<ul>
<li>Average value: $383,557</li>
<li>Per sqft value: $264</li>
<li>Homes on sale: 2,440</li>
<li>Average price of sold homes: $371,793</li>
<li>Avg sale avlue per sqft: $257</li>
<li>Homes sold: 4,325</li>
</ul>
<p>The number of properties sold in Atlanta suggests that despite any seasonal lag, the city maintains a healthy number of real estate transactions. The per square foot value reflects the desirability of property space within the city, with dollar values assigned to every square foot of living space.</p>
<h2>Nearby Cities (February 2024)</h2>
<h3>Mableton</h3>
<ul>
<li>Average Value: $375,900</li>
<li>Per Sqft Value: $185</li>
<li>Property Count: 85</li>
<li>Average Sold Price: $377,448</li>
<li>Avg Sold Per Sqft Value: $199</li>
<li>Property Sold Count: 438</li>
</ul>
<p>Mableton presents an interesting contrast, with its average property values closely trailing those of Atlanta, yet offering a lower per square foot value, suggesting more space for the dollar and potentially attracting buyers seeking more extensive properties at competitive rates.</p>
<h3>Smyrna</h3>
<ul>
<li>Average Value: $450,000</li>
<li>Per Sqft Value: $225</li>
<li>Property Count: 206</li>
<li>Average Sold Price: $438,405</li>
<li>Avg Sold Per Sqft Value: $235</li>
<li>Property Sold Count: 768</li>
</ul>
<p>Smyrna holds its ground with the highest average property value among the surveyed cities, which could point to a higher-end real estate market or desirability within its confines.</p>
<h3>Avondale Estates</h3>
<ul>
<li>Average Value: $425,000</li>
<li>Per Sqft Value: $247</li>
<li>Property Count: 11</li>
<li>Average Sold Price: $488,824</li>
<li>Avg Sold Per Sqft Value: $237</li>
<li>Property Sold Count: 38</li>
</ul>
<p>Avondale Estates, although having a limited number of listings, shows remarkable average sold prices that surpass its listed property values, indicating strong market demand and competitive bidding.</p>
<h3>Scottdale</h3>
<ul>
<li>Average Value: $409,900</li>
<li>Per Sqft Value: $230</li>
<li>Property Count: 13</li>
<li>Average Sold Price: $254,849</li>
<li>Avg Sold Per Sqft Value: $191</li>
<li>Property Sold Count: 19</li>
</ul>
<p>Scottdale shows an interesting pattern, with a high average property value compared to its lower average sold price. This could be indicative of a buyer’s market where negotiation power is strong.</p>
<h3>Decatur</h3>
<ul>
<li>Average Value: $315,000</li>
<li>Per Sqft Value: $204</li>
<li>Property Count: 509</li>
<li>Average Sold Price: $290,147</li>
<li>Avg Sold Per Sqft Value: $196</li>
<li>Property Sold Count: 858</li>
</ul>
<p>Decatur stands out with a significant number of properties sold, coupled with more modest average property values. This could represent a high-turnover market or reflect a more price-accessible area.</p>
<p>Pulling together this data offers a comprehensive picture of the Atlanta real estate market, from the ebbs and flows of property values and inventory to the comparative desirability across different areas. For potential buyers, sellers, and investors, these insights are crucial in making informed decisions and understanding the temporal trends that influence the Atlanta real estate market.</p>


Atlanta Real Estate Market Snapshot – March 2024

The Atlanta real estate market, with values and inventory levels fluctuating, continues to evolve based on numerous factors. Detailed data, including average property value, per square foot value, and property counts, outlines these trends, enabling buyers, sellers, and investors to understand and navigate the market effectively.

Atlanta Real Estate Market Snapshot – March 2024 - RealtyTrac

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Tips and guides on how to finance your next real estate investment

Investment Financing


<p>Although it’s true it can be harder to find financing for <a href="https://www.realtytrac.com/resources/what-is-an-reo-property-and-how-to-buy-it/">Real Estate Owned (REO) properties</a> compared to regularly listed properties, the banks owning them are very motivated to sell – especially if they own other properties in the area. </p>



<p>Research shows that vacant properties reduce taxable value in the neighborhood – not to mention that even abandoned properties need some maintenance, which may include fees for the upkeep of common areas like elevators, parking lots, and gardens. For that reason, banks are often looking to find a buyer quickly. </p>



<p>According to Attom, out of all the home purchases (with intent to flip) in the fourth quarter of 2022, external financing accounted for 34% of all successful offers from homebuyers. Cash-only and other types of offers accounted for the rest. </p>



<p>Regarding real estate, cash offers remain king, but looking for external financing and preapproval letters can make up for it. Without further ado, here are the best ways to finance your REO property purchase:</p>



<h2 class="wp-block-heading" id="h-mortgage">Mortgage</h2>



<p>If you have a good credit score, a mortgage is our top recommendation and the easiest way to finance an REO property purchase. A mortgage is a type of loan where the property serves as collateral in case of default. If you apply for a mortgage, you’ll need to make interest payments throughout the life of the loan and pay back the principal in installments.</p>



<p>Mortgages tend to have the lowest interest rates compared to some of the alternatives we listed. You can expect interest rates ranging from 6.79% for a 10-year loan to 7.61% for 30-year term loans. These numbers may vary slightly depending on the market conditions.</p>



<p>The main downside of financing an REO with a mortgage is that banks are unlikely to approve a mortgage for a distressed REO property – that is, a property that needs a large investment to make it habitable or sale-ready. In that case, you’ll need to look for alternatives.</p>



<p>If you have a good-to-excellent credit score (670+), you can get your mortgage approved within 2-8 weeks. </p>



<h3 class="wp-block-heading" id="h-pros">Pros</h3>



<ul class="wp-block-list">
<li>Reasonable interest rates and refinancing options</li>



<li>Choose between a fixed rate and a variable-rate interests</li>



<li>Lower interest rates than personal loans and other financing options</li>
</ul>



<h3 class="wp-block-heading" id="h-cons">Cons</h3>



<ul class="wp-block-list">
<li>Long approval timeline</li>



<li>Require a good credit score to apply</li>
</ul>



<h2 class="wp-block-heading" id="h-hard-money-loan">Hard Money Loan</h2>



<p>Hard money loans are a type of short-term loan where you use your property – or property equity – as collateral. Hard money loans usually have terms ranging from 6- to 36 months and have one of the funding times – between 7 and 10 days.</p>



<p>Since you’re using a hard asset as collateral, hard money loans <strong>don’t require credit checks</strong> or any kind of background check. Hard money loans are ideal for people with low credit scores or people looking for quick approval times. The LTV ratio for hard money loans is between 60%-75% of the value of the collateral. </p>



<p>It’s important to note that most hard money loans come from individuals or private companies – banks and other financial institutions deem them too risky to invest.</p>



<p>The major downside of hard money loans is the interest rates. Interest rates range from 10%-18%, and the loan terms are usually between 6- and 36-months. </p>



<p>For house flippers, these long-term high interest rates are less significant. The reason is that you’ll sell the renovated property quickly and pay back the loan as soon as possible, minimizing how much you pay in interest.</p>



<p>The main appeal of a hard money loan is the speed, but we only recommend it for house flippers and short-term investors. If you’re looking for a loan to stave off <a href="https://www.realtytrac.com/resources/how-to-buy-foreclosures/">foreclosure</a>, you’ll be better off looking for a mortgage with lower interest rates.</p>



<h3 class="wp-block-heading" id="h-pros-0">Pros</h3>



<ul class="wp-block-list">
<li>No credit requirements and no background checks</li>



<li>Very short approval times (7-10 days)</li>



<li>Loan terms are perfectly suited for house flippers and short-term investors (between 6-36 months)</li>



<li>LTV between 65%-75% of the value of the collateral</li>
</ul>



<h3 class="wp-block-heading" id="h-cons-0">Cons</h3>



<ul class="wp-block-list">
<li>Very high interest rates (between 10%-18%)</li>



<li>Your property is used as collateral</li>
</ul>



<h2 class="wp-block-heading" id="h-fha-loans">FHA Loans</h2>



<p><a href="https://www.realtytrac.com/resources/biden-affordable-housing-program-a-good-start-but-are-investors-really-the-problem/">Federal Housing Administration</a> loans – also known as FHA loans – are government-backed insurance that offers potential lenders insurance on any loan they make; this makes it so they can provide you – the borrower – better deals with lower down payments and closing costs.</p>



<p>FHA loans are very popular among first-time homebuyers and house flippers, but they come with a caveat – you can’t purchase a home using an FHA loan if it was sold to the current owner within the last 90 days. Furthermore, if you acquire the property and someone wants to buy it with an FHA loan, they’ll have to wait another 90 days after you gain ownership it. This only applies to buyers financing the purchase with an FHA loan.</p>



<p>Other than that, FHA loans are a great option to finance an REO purchase. FHA loans don’t require a high credit score; even if you have a credit score as low as 500, you can apply for this loan. However, you’ll be required to pay the REO property a 10% downpayment. </p>



<p>If your credit score is 580 or higher, you’ll only need to make a downpayment of 3.5% of the total cost of the property.</p>



<p>According to the official FHA website, in 2023, the nationwide mortgage limit is between $472,030 and $1,089,300, and interest rates range from 6.0%-7.5%, depending on the loan terms. In general, the longer the time, the more interest you pay.</p>



<h3 class="wp-block-heading" id="h-pros-1">Pros</h3>



<ul class="wp-block-list">
<li>Low credit score requirements</li>



<li>Reasonable interest rates (6%-7.5%)</li>



<li>No hard income limitations to apply</li>



<li>Approval time between 30-45 days </li>
</ul>



<h3 class="wp-block-heading" id="h-cons-1">Cons</h3>



<ul class="wp-block-list">
<li>You have to make a 10% downpayment if your credit score is below 580</li>



<li>You can’t buy a property that was sold within the last 90 days</li>



<li>Buying a home with an FHA loan requires lengthy inspections, which can harm your chances of securing an REO </li>
</ul>



<h2 class="wp-block-heading" id="h-home-equity-loans">Home Equity Loans</h2>



<p>Home equity loans are a type of <a href="https://www.realtytrac.com/resources/selling-your-home-heres-what-you-need-to-know-about-closing-costs/">loan you can take against the equity</a> you have in another property. You can then allocate this loan to purchase a new property – an REO. Equity loans are a very common way to finance a house if you want to flip it for a profit.</p>



<p>Home equity loans are similar to mortgages in that the collateral is the equity you hold in your property. Note that for these types of loans, you need between 15%-30% of the equity in your home, and the LTV ratio is usually between 80%-90% of the home’s value.</p>



<p>Home equity loans have interest rates similar to FHA loans, ranging from 6.5%-7.5% and 10-, 15-, 20-, or 30-year terms. The recommended credit score to apply for a home equity loan is at least 680. The higher your score, the more likely the bank or financial institution will approve your loan. Approval periods range from 2 weeks to 2 months.</p>



<h3 class="wp-block-heading" id="h-pros-2">Pros</h3>



<ul class="wp-block-list">
<li>Short approval time if you have a good credit score</li>



<li>High LTV ratio</li>



<li>Reasonable interest rates (6.5%-7.5%)</li>
</ul>



<h3 class="wp-block-heading" id="h-cons-2">Cons</h3>



<ul class="wp-block-list">
<li>If you fail to pay your loan back, you risk foreclosure on the property used as collateral</li>



<li>Require </li>



<li>You’ll need a good credit score (680+)</li>
</ul>



<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>



<h3 class="wp-block-heading" id="h-what-are-the-pros-and-cons-of-buying-a-bank-owned-home">What Are The Pros And Cons Of Buying A Bank-Owned Home?</h3>



<p>The three most significant benefits of buying REO properties are:</p>



<ul class="wp-block-list">
<li>Unbeatable price </li>



<li>No tenants or homeowners involved</li>



<li>No liens on the property</li>
</ul>



<p>The three most significant downsides of buying an REO property are:</p>



<ul class="wp-block-list">
<li>Properties are sold ‘as is’</li>



<li>Competitive market</li>



<li>In some cases, it can be difficult to find financing</li>
</ul>



<h3 class="wp-block-heading" id="h-is-it-a-good-idea-to-buy-a-reo">Is It A Good Idea To Buy A REO?</h3>



<p>Yes – whether you’re looking for a primary residence or for a profitable investment, REO properties are excellent options. As with foreclosures, <a href="https://www.realtytrac.com/foreclosure/bank-owned/">REOs</a> need significant repairs and are rarely move-in ready.</p>



<h3 class="wp-block-heading" id="h-how-do-i-find-reo-properties-in-my-area">How Do I Find REO Properties In My Area?</h3>



<p>All REO properties were foreclosed at some point, so a good starting point is to visit local auctions and keep track of properties that failed to sell. You can also check local newspapers, contact professional real estate agents, or check specialized foreclosure websites.</p>


Financing

Tips and tricks for home owners and real estate investors looking to invest in homes

Real Estate Investing

Construction Site of New Homes

What to Know About Buying a Second Home

Hand holding wooden home with text message Buy or Rent, on wooden desk office. Save money and buy house concept.

Rent vs Mortgage Costs – It’s Complicated

What You Need to Know About REO Property Financing

Although it’s true it can be harder to find financing for Real Estate Owned (REO) properties compared to regularly listed properties, the banks owning them are very motivated to sell – especially if they own other properties in the area. Research shows that vacant properties reduce taxable value in the neighborhood – not to mention […]

What You Need to Know About REO Property Financing - RealtyTrac

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Victor Bemporad

Bank Owned


<p><a href="https://www.realtytrac.com/foreclosure/bank-owned/">Real estate-owned properties</a> – also known as REOs – are foreclosed properties that failed to be sold at auction. REOs can be a great investment for experienced investors and first-time homebuyers looking to secure a property for cheap. REOs are also very common for investors looking to renovate and rent out properties for a passive source of income. </p>



<p>No matter if you’re looking for a primary residence to fix and flip or to rent, here are the pros and cons of investing in REO properties:</p>



<h2 class="wp-block-heading" id="h-pros-of-investing-in-reos">Pros Of Investing In REOs</h2>



<h3 class="wp-block-heading" id="h-pricing">Pricing</h3>



<p>Properties sold at foreclosure auctions are already sold at a discount. REO properties are those that failed to find a buyer in those auctions. For that reason, <a href="https://www.realtytrac.com/resources/what-is-an-reo-property-and-how-to-buy-it/">REO properties</a> are sold at a heavy discount; banks want to get them off their books as quickly as possible. A vacant property will still incur HOA fees, various maintenance costs, and property taxes. </p>



<p>An REO property in a ‘good’ neighborhood can regain a substantial part of its value in a short amount of time. Investors looking to fix and flip a property often consider REO their preferred investment.</p>



<h3 class="wp-block-heading" id="h-no-homeowners-involved">No Homeowners Involved</h3>



<p>One of the biggest factors that can slow down a property sale is the lengthy eviction process of former owners or tenants, especially in judicial states, where every step of the eviction process has to go through the court system. This process can drag on for months – or even years.</p>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="950" height="633" src="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/02/Empty-house.jpg" alt="" class="wp-image-26018" srcset="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/02/Empty-house.jpg 950w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/02/Empty-house-300x200.jpg 300w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/02/Empty-house-768x512.jpg 768w" sizes="(max-width: 950px) 100vw, 950px" /><figcaption class="wp-element-caption">Photo by <a href="https://unsplash.com/@karishea?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash">Kari Shea</a> on <a href="https://unsplash.com/photos/brown-short-coated-dog-on-brown-wooden-parquet-floor-JaWhDrtNlXw?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash">Unsplash</a></figcaption></figure>



<p>However, this isn’t a problem for REO properties. REO properties are already vacant following the foreclosure and subsequent attempt to sell them at auction. That’s not to say it’s move-in ready – most foreclosures and REO properties aren’t – but at least they’re unoccupied, and you can start working on repairs immediately.</p>



<h3 class="wp-block-heading" id="h-free-of-outstanding-taxes-and-liens">Free Of Outstanding Taxes And Liens</h3>



<p>REO properties usually have no liens or encumbrances, as it’s in the banks’ best interest to facilitate any sale. You can still check for defects in the title of a property by hiring a professional or by checking public records for liens on the property.</p>



<h2 class="wp-block-heading" id="h-cons-of-investing-in-reos">Cons Of Investing In REOs</h2>



<h3 class="wp-block-heading" id="h-heavy-competition">Heavy Competition</h3>



<p>This is a tricky one. Demand for REO properties is always high because the price is always low compared to other properties in the area. You will compete with professional real estate investors, house flippers, and even first-time home buyers.</p>



<p>One upside is that if the property <a href="https://www.realtytrac.com/resources/online-bidding/">wasn’t sold at foreclosure</a>, it may need extensive repairs. Some investors may not be interested or have the necessary funds.</p>



<h3 class="wp-block-heading" id="h-typically-sold-as-is">Typically Sold “As Is”</h3>



<p>REO properties are sold ‘as is,’ which means the bank isn’t legally required – or liable – to disclose the state of the property. That means you, as a buyer, must do your due diligence and ensure you know what you’re getting yourself into.</p>



<h3 class="wp-block-heading" id="h-financing-is-restricted">Financing is restricted</h3>



<p><a href="https://www.realtytrac.com/resources/reo-property-financing/">Finding financing</a> for REO properties can be difficult; some banks are reluctant to finance ‘distressed’ properties that need significant repairs. Mortgages are still the most popular option to finance REOs, but if you’re having trouble, it may be worth looking into hard money loans and home equity loans.</p>



<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>



<h3 class="wp-block-heading" id="h-how-to-find-an-reo-in-my-state">How To Find An REO In My State?</h3>



<p>The best way to find REO properties is to look for <a href="https://www.realtytrac.com/foreclosure/pre-foreclosure/">soon-to-be foreclosed properties</a>. Remember that all REO properties were at some point listed as foreclosure and failed to be sold at auctions. That’s why keeping track of online listing services, locally printed publications, or specialized foreclosure websites is a must if you want to <a href="https://www.realtytrac.com/resources/how-to-flip-an-reo-property-for-profit/">invest in REO properties</a>.</p>



<h3 class="wp-block-heading" id="h-what-is-the-number-one-reason-for-foreclosure">What Is The Number One Reason For Foreclosure?</h3>



<p>In the US, the most common reasons for foreclosure are unexpected medical expenses. A close second is loss of job or employment, divorce, and increased home expenses. Some of these are unpredictable, but savvy investors know where to look when a divorce is imminent or when market conditions are shifting.</p>


House in safe neighborhood

Listing Type

Two people negotiating a sale

Tips For Negotiating With REO Property Sellers

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A house that has been flipped

How To Flip An REO Property For Profit

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Pros and Cons of Investing in REO Properties - RealtyTrac

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