If you’ve been monitoring the financial news, you’ve seen headlines about foreclosure’s being up. Here’s one about a major southern state… one in every 123 households was in foreclosure!
This means that people with money to invest – liquidity – are moving to buy properties that have potential for the future at what they consider a “bargain”.
Likewise, these times also breed scammers – people who prey on folks wanting to avoid foreclosure.
Home based entrepreneurs with liquidity may find this to be a good time to enter the real estate market because more people in a given locality may be unable to buy now.
The key is telling when things have really hit the bottom of the cycle so you don’t overpay.