Eugene Oregon and Springfield Oregon Real Estate Foreclosure Specialists
Foreclosure properties as future residence or investment for cash flow purposes are an exciting sector as a buyer in today’s Real Estate market. Bryan and Kelly Ranstad are committed to helping their clients realize their financial and family goals through the foreclosure opportunities.
Bank REO foreclosures continue to drive our market prices. Hard money lenders are another source of foreclosed properties. Both types have new construction, duplexes and other multifamily, commercial, as well as single family homes. Just as Banks are not interested in holding real estate as assets, hard money lenders are also looking to sell and reinvest their capital in incoming producing investments. This will continue to create opportunities for buyers looking to enter the real estate market.
Credit markets continue to loosen offering great opportunities to acquire Real Estate. Right now there is 100% financing available for specific neighborhoods. FHA financing has reduced the credit score requirements. The common myth today is a buyer needs a credit score of 700 with funds to cover a 20% down payment. The truth today is FHA guidelines are flexible with 3.5% down with a 600 credit score, 5% with a score of 580, and 10% down for a score from 500-580. There are several contingencies associated with these programs, but with that said it is apparent that credit markets are loosening very quickly.
There are cap rates advertised for properties at over 10% in the Eugene Oregon and Springfield Oregon Real Estate markets right now. If you are interested in understanding the evaluation of properties more closely, send Bryan an email: bryan@ranstadgroup.com.
Is today the right time to take advantage of this Real Estate market? That is a question that can only be answered individually. The foreclosure market is offering fantastic opportunities for first time buyers and those that have gone through a short sale over a year ago. Investors continue to take advantage and will grow their portfolio through these real estate opportunities.
If you don't know where you stand financially and would like to find out what opportunities may be available to you, the first step is contacting an agent like us. We can help you take the next step whether you’re a seasoned investor or first time home buyer looking to purchase your first home.
You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Eugene areas.
So whether you're buying or selling, feel free to contact Ranstad Group and we will be happy to help you with everything real estate.
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